CRB index is at the lowest level

Here is a long term chart (1914 – today)of the CRB Index (end of month) (LOG).

It represents a basket of 19 different commodities. Agricultural products and energy account for 80% of it and metals 20%.

We are approaching a major low so the end of the commodities bear market. Low prices are destroying supplies so when the current recession/depression will end, this index will start a new bull market.
Time to put commodities producers on your radar so you know in advance what to buy when it will be time to do so.

Elliott Wave Analysis (made by one of my closest friend Mr H., thanks to him)

Happy Investing

   Envoyer l'article en PDF   

Gold is up, but mining stocks are lagging and it will not last

In a normal situation (I mean historical), mining stocks should overperform gold when the underlying (metal) is raising.

In a gold bull market the gold shares are leading and now they are lagging. Something is wrong, terribly wrong.

I just took the GDX ETF, and the HUI and compared them to the gold price.

from the beginning of the year, stocks are really lagging

On a 3 years period, it is exactly the same.

Lire la suite