Market sentiment and global growth bode well for the metals and mining sector. My trend analysis suggests it could rally 33% in the next six months.
We need to understand Wall Street’s take on copper before we know whether this is an opportunity to invest or a warning to get out.
All eyes are on the trade war waging between the U.S. and China, but there’s an even bigger crisis brewing in the Middle East that’s going to hit your wall in way we haven’t seen since 2008.
The last time commodities were the best-performing asset class for an entire year was 2002. That’s when the last commodity bull market cycle began.
Oil demand isn’t going away anytime soon. In fact, it’s growing. And producers have to find those additional supplies somewhere.
When prices become unaffordable, they’ll come down. And this week, traders got another reason to second-guess the world’s appetite for high-priced crude oil.
The Italians use gold as an insurance policy against catastrophe. And when the country joined the EU, it triggered an emergency. The lira plummeted in value, but gold did not.
Monitoring the large speculators is not a precise timing indicator. But it’s a valuable piece of information to determine when it’s the right time to bet against the crowd.