Breakouts. Everywhere we look in the commodity markets, we see breakouts.
Breakouts are one of the great "common sense" charting tools available to traders. It's simply when the price of a stock or commodity reaches a new high for a given period of time. No trend can start without one.
Here's this week's list of major commodity stock breakouts, aka, "where the bull markets are": BHP Billiton (world's largest mining company), Silver Wheaton (largest silver royalty company), Peabody Energy (largest public coal company), the Market Vectors Agribusiness Fund (food and fertilizer producers), Petrobras (Big Oil). And don't forget a fresh high in the Venture Index as well.
How about the commodities themselves? Try copper, gold, silver, and platinum. Crude oil, lead, aluminum, zinc, cotton, and sugar are within spitting distance of breakouts as well.
In addition to a bullish supply/demand picture, legendary investor Jim Rogers likes commodities because of the potential inflationary explosion the Federal Reserve is creating. As you can see from the chart below, he has the trend on his side.
Breakouts are one of the great "common sense" charting tools available to traders. It's simply when the price of a stock or commodity reaches a new high for a given period of time. No trend can start without one.
Here's this week's list of major commodity stock breakouts, aka, "where the bull markets are": BHP Billiton (world's largest mining company), Silver Wheaton (largest silver royalty company), Peabody Energy (largest public coal company), the Market Vectors Agribusiness Fund (food and fertilizer producers), Petrobras (Big Oil). And don't forget a fresh high in the Venture Index as well.
How about the commodities themselves? Try copper, gold, silver, and platinum. Crude oil, lead, aluminum, zinc, cotton, and sugar are within spitting distance of breakouts as well.
In addition to a bullish supply/demand picture, legendary investor Jim Rogers likes commodities because of the potential inflationary explosion the Federal Reserve is creating. As you can see from the chart below, he has the trend on his side.
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