01.11.2016 - Why the Commodity Boom of the 2000s Is About to Make Comeback (and How to Play it)
It has been an excellent year for most commodities: WTI oil prices are up 31%, Henry Hub natural gas is up 32%, gold is up 19%, and the RBC Commodity Index (which contains a basket of 24 commodities) was up 23% year-to-date at the end of September. With 20% being the threshold for a bull market, commodities are in a bull market with certain major commodities (natural gas, oil, zinc, metallurgical coal) up well over 30% in some cases. This is fairly large change in trend, since the last few years saw nearly every commodity stuck in historic bear markets (the RBC Commodity Index dropped in half between mid-2014 and early 2016)...........................................Full Article: Source
Print