Are we on the brink of a bull market in commodities?
Today I’d like to try a new segment I’m calling “Chart Check.” But don’t worry, we’ll continue with Saturday Mailbags as well! We’ll just mix these in on some weeks.
But for my new segment, I’ll break down the fundamentals of a stock, sector, ETF or commodity through technical analysis, and hopefully we’ll be able to see where they might go next.
I’ve been studying charts for 30 years and while they’re not predictive, they do give you somewhat of a roadmap to follow like the Waze app on your phone. Waze shows you potential roadblocks, red-light cameras, traffic jams and accidents to watch out for. It helps me complete my journey with the fewest possible obstructions…
And that’s kind of what a stock chart shows you as well. Charts can help you complete your financial journey, giving you better odds for success.
And a recent headline, “The Fifth Commodity Supercycle Has Started,” makes it seems like we’re on the verge of another commodities bull market.
So after a 10-year period from 1998 to 2008, the last commodities bull market, we’ve seen a downcycle the past 12 years or so. Now we’re at an inflection point where the odds show we may bet at a point for a new commodities bull market.
That includes oil, grains, metals and other commodities, and a bull market in commodities could go on for many years.
This is an important point because if true, it would indicate that the big winners of the past decade are unlikely to be the same for the next coming decade.
So check out my short video and let’s break down the chart to see if it gives us any indication of a coming commodities bull market.
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