What a great setup on silver. Thanks for sharing. Seems like a lot of commodities have formed a nice breakout setup. I have been following corn and coffee especially. Any thoughts on those markets?
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What a great setup on silver. Thanks for sharing. Seems like a lot of commodities have formed a nice breakout setup. I have been following corn and coffee especially. Any thoughts on those markets?
thanks!! and welcome..btw, I'm following you! While they are not on my radar...inflation has reared its ugly head and they will be going higher..Oil with more downside (after all it was 29.00 noit long ago..will go much higher. your take?
Commodities seem pretty cheap to me. I haven’t done an in-depth analysis on it but the stock to use ratio on coffee hasn’t been this low since 2011 and last time it was this low prices were quite a bit higher. And I think the corn stock to use ratio is supposed to drop as well. I don’t know much about the fundamentals of oil but sentiment seems good and looks like it might be putting in a second higher low on the monthly chart. But I am definitely keeping silver on the radar now. Thanks for the follow and looking forward to future post.
and thank you OW, I appreciate your opinion..commodities are cheap. Copper has already given a clue of late.