From Zacks: It seems that commodities are back with a bang, especially the industrial metals. Metals are riding high on favorable demand-supply dynamics and a subdued greenback.
From Bryce Coward, CFA: It may be an overlooked fact that the global materials sector is the best performing sector over the last three months (up 8.6%), the second best performer over the last month (up 2.7%) and the third best performer over the last week (up 1.3%).
From Sean Brodrick: I sure hope you’ve read our Monday column “Shocking Forecasts for 2017-2022.” If not, be sure to do so here even before you read mine below. I say that because they’re so directly related — and so amazingly timely.
From BlackRock: We see stability in industrial metals prices but favor a selective approach to related stocks and bonds. Richard explains.
From Mike Burnick: Commodity bulls finally got a boost this week as President Donald Trump’s much anticipated infrastructure plan takes center stage. Now all he has to do is get the details through Congress. Good luck with that.
From Streetwise Reports: Tom Beck, senior editor of Portfolio Wealth Global, says in times of rate hikes, industrial metals rise fastest, and in today’s world, the type of metals in highest demand by China are going to rise the most.
From The Gold Report: Precious metals expert Michael Ballanger explains why he believes base metals are overbought and precious metals, especially silver, are set to appreciate.
From Taki Tsaklanos: Base metals were remarkably strong in 2016. After a collapse the year before, they rose sharply, to fully recover their previous losses. But the base metals chart suggest to investors that February 2017 will be crucial.
From Jeff Opdyke: Truthfully, I’m disappointed the Fed raised interest rates last week. I expected as much, though, as I wrote in a previous dispatch, I saw reasons why a rate hike would be ill-advised and should have been avoided.
From Taki Tsaklanos: Base metals are hot again. Interestingly, at the start of 2016, they were still truly in a ‘puke phase’ where investors dumped everything related to base metal investments.
From Zacks Research: For the industrial metals industry, demand will remain strong in the years to come given their varied uses. While industrial metals would gain from healthy momentum for growth in Automotive and lasting recovery of production in the Construction space, the industry remains saddled by a number of headwinds.
NYSEARCA:DBB, NYSEARCA:RJI, NYSEARCA:GLTR
NYSEARCA:DBB, NYSEARCA: PALL
NYSEMKT:TGB, NYSE:FCX, TSE:TV, TSE:CZN, TSE:RTH, TSE:ZAZ