Loading ...First thing you’ll notice is that commodities are ripping – both hard and soft. Aluminum and lumber bouncing back a bit, the metals are up across the board, with the exception of silver. PMs actually up the least. Soft commods are the same.
Oil up again as energy also rallies across the board, Bitcoin getting shredded down almost $1200.
While gold is only up $5, I’d expect we’ll start to move back toward $2050 soon.
USD down, rates flat, SM futures kind of flat as well.
Are we going into a commodity supercycle?