Commodity Report #47
@Lu_Kuemmerle:
About China's massive food hoarding and further rising energy prices will result in even higher food prices in the near term.The benchmark, CRB Commodity Index, ended the week 4,6% higher and therefore made new highs.Oil-related futures ended their correction and surged higher. Natgas is still the most bullish play in town, as we warned you in The Kuemmerle Report over three weeks ago, with a long natgas setup.The commodity bull market is still intact and buying opportunities look in most markets much more lucrative than selling signals.Here is my latest playbook:If energy prices keep rising at that pace - inflation will become even worseLast week we saw crude oil up 8% and natural gas up over 16%. In a single week! Natgas also surpassed the 7$ mark and is now at hemispheres we haven’t see