A multi-week high on the Baltic Dry Index, multi-week highs in agricultural, base metals and crude! A quick glance at these key commodity sectors suggests that commodities are climbing the bullish ladder…..and that, for whatever reason, it is only just getting into gear:
Take a look at this article on agriculturals (DBA)
Of course adding to the four charts above is the performance of Gold and Silver. Silver has broken above its near term resistance level, gold remains a mere “days trade” away from a multi-year high. Although we don’t have much of an exposure to gold, we have a reasonable exposure to silver and believe that there is considerable upside left over the coming weeks/months.
