There’s a major bull market going on right now in a little-known area of the market: lumber stock prices…
That’s right, lumber — meaning wood… and lumber prices have been blasting off. In fact, if you look at a weekly chart (down below), it looks like Bitcoin with periods of parabolic moves straight up.
So while everyone’s talking about Bitcoin’s ups and downs… no one is talking about lumber — which makes it an opportunity for those wise enough to take a look.
During the COVID-19 pandemic crash of 2020, lumber hit a low of $251.50. Right now… we’re at $1,374.70.
That’s a HUGE move… This is the price of plywood if you’re doing construction, renovations — if you’re using wood for anything, the desk your computer is on, you name it.
So this is a bull market in lumber and lumber stock prices, and the last time we saw this kind of action was at the end of 2018. We had a big run up, then a crash. Then again, a run up into September of 2020, and then a crash.
And right now, we’re in nosebleed territory.
Prices have never been this high, and it’s a bubble. It’s due to pull back just like what happened with Bitcoin. Just last week I told everyone not to chase these all-time highs in Bitcoin and what happened? It had a 25% sell-off before rebounding on Monday.
So how do you play this bubble in lumber stock prices?
Check out my short video and I’ll break down a number of tickers to play lumber stock prices ahead of the inevitable crash.
And as always, please like and subscribe to our YouTube channel and podcast, “Smart Money Circle,” where I interview some of the most brilliant minds in the business. You can also follow me on Twitter, and read more of my thoughts on the market at WealthPress and on Forbes, where I’m also a contributor.
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