Thursday Commodities and Currencies
Disclaimer: All charts and comments are intended for education and discussion purposes only. No investment recommendations are being offered. Please do your own research and take responsibility for all investment decisions that you make. Questions and comments related to this post are encouraged. | MON - Sector Strength | TUE - Interest Rates | WED - Market Breadth | THU - Commodities & Currencies | FRI - Market Sentiment | SAT - Bullish Percents | About | contact: HeadlineCharts@gmail.com |
Well how boring. No new highs, no shifts. Commodities are taking a breather while the US Dollar finally rallies. The industrial metals have continued to hold their value, and this points to global growth. I'm done trying to trade in and out of the commodity ETF's and the commodity-related shares. I'm continuing to average into these positions and hold through the corrections.
I keep hearing about how gold is leading commodities lower. This chart does seem to confirm this. The GOLD /CRB ratio peaked back in January and now the commodities are following lower. The CRB is 70% energy weighted, so this means there is a bit of break in these commodities.
I keep waiting for a better opportunity to buy this ETF of coal companies. Should I just close my eyes and jump in? I've been reading about coal, knowing almost nothing to start. Now I'm a convert.
This DGP double gold fund is starting to tempt me. We may not be quite there yet, plus gold often tests its lows over the summer. I'm ready when the opportunity comes.
