Cocoa is the new crypto
Source: David Ingles, Bloomberg
Look at this base on silver... could it follow the steps of gold ?
Source chart: J-C Parets
Cocoa Prices Double From Start of 2024
The most-active contract in New York rose to $8,394 a metric ton, the highest on record! Source : bloomberg
Is more foodflation coming?
Source: Bloomberg, Tavi Costa
Dr. Copper Breaks Out Again ?
Copper prices have remained significantly below their peaks in 2022, yet they've established a robust foundation over the past eighteen months, from which they are now beginning to rise. Based on the price and momentum readings, several technical analysts believe this could be the start of a more sustained move to the upside. source : tradingview
The cocoa rally.
Cocoa prices hit a fresh record high, fast approaching the once unthinkable $7,000 per tonne level. At current levels, we will see soon widespread retail price increases for all kinds of chocolate. Source: Bloomberg, Javier Blas
Call Options Volume in Precious Metals is surging to 1-year highs according to Goldman Sachs.
Chart includes $GDX $GLD $SLV Source: barchart
Nobody cares about Commodities
Source: Win Smart
