Commodities Are Frontrunning The Inflationary Shock Of 2018
Phoenix Capital Research | Jan 07, 2018 02:10AM ET
I keep reading articles claiming that inflation is nowhere to be found.
If that is true, explain the following four charts.
Copper has broken out of a 10-year downtrend.
This chart suggests that Copper will be retesting its 2011 highs.
Another inflationary industrial metal (steel) is posting a similar pattern.
There is literally NOTHING bearish in that chart. The bear market in steel from 2010 onwards is over.
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Coal, another inflationary asset, has broken out of a massive falling wedge pattern. It is now about to smash through critical resistance.
We see a similar pattern in Uranium (another inflation play).
Just one of the above charts would be a big wake up call…but taken together, they are SCREAMING “INFLATION!!!!!!”
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