In tomorrow’s UncommonWisdomDaily.com video, I’ll be talking about some of the commodities that are outperforming gold, so be sure to tune in for that. In the meantime, here’s a chart of the CCI Index (CRBQ: 43.06 +0.42 +0.98%) – a broad, equally-weighted index that tracks a basket of commodities.
This breakout could have a lot of upside potential. So yes, it’s bigger than gold. While gold is important for your portfolio, don’t ignore the big bulls running around in other commodities.
More on this topic
(What's this?)
Five Commodities Are Poised For Big Moves… Are You Ready For Them?
(Investment U, 10/13/09)
Gold: This Commodity Loves Economic Upheaval
(Investment U, 9/29/09)
Three Reasons Commodities Prices Will Continue to Soar in the New Year
(Money Morning, 12/8/09)
Guest Post: Is Gold A Reasonable Investment?
(naked capitalism, 9/29/09)
Related Posts
- Dollar Chart — It’s Rally Time! (09/24/09)
- Wednesday Charts: Is This Dollar Rally for Real? (08/26/09)
- Charts of Gold, Gold Miners, Brazil and More (10/02/09)
- Gold Surge — How High Can It Go? (03/19/09)
- 3 ETF Charts — Double Gold, Agriculture and Nat Gas (10/06/09)
{ 6 comments… read them below or add one }
Gold seems to be moving slowly up, Several months ago you predicted the dow to go as low as 6000,
You missed by a mile!!
Sean - Your video blog about American companies posting good results with the revenue actually coming from foreign sales - looks like your right on the money. I see Black and Decker’s qrt EPS announcement today is attracting lots of attention. What I want to see, based on your blog, is where did B&D make their money? I see smoking gun comments in the release: “We also benefited from favorable currency translation.” , ” Our tax rate was also unexpectedly low due to favorable adjustments recognized in the quarter.”, “and component cost deflation, resulted in margins above our expectations.” I might expect the B&D line could be attractive to an increasing wealthy populous such as China.
I told my subscribers when my views changed. Too bad you missed that.
I may not deserve those kudos. Maybe it’s Tony Sagami you’re thinking of?
I’m a relatively new subscriber and appreciate your informative analysis of market sectors and commentaries and your insights for upward or downward trends. I hold a 5% portfolio allocation in gold with 1% of it in ETF positions. The huge increase in precious metals trading, particularly in the ETFs has me concerned that there simply isn’t enough gold is the vaults to cover the volume being traded. The same may be true of other metals. I’m advised that a physical audit of gold stock is not being verified regularly due to a lack manpower to do so. If that is true and the stock issuers are not abiding by the 90% reserve rules, many ETF shareholders may evenutually find themselves at peril. Where can we go to confirm the reserves are there and be assured they have not been pledged as collateral to senior debt?
I heard some comment on radio( Bloomberg) to the following:
Cocoa trees have a short productive live span of 6 years;and new trees that require years as well to come into production are not being replanted in most of the cocoa producing regions because of wars and other factors. Also, the demand for this commiidity by candy makers and others has not waned and has remained basically constant irrespective of economic factors. What is your take on Cocoa beans?Where are they traded?
Lithium should also be a commidity going up in price as more auto makers are planning and going some battery car production because of goverment mandates and rising consumer demand for such. Is Lithium a traded commodity?