Invesco DB Base Metals FundPembelian
DBB - Inflation be thy name
Lot of "China is falling apart news" sell your metals recently such as:
kitco.com/news/2021-09-02/Why-is-China-dumping-copper-and-flooding-the-metals-market-Gianni-Kovacevic.html
IMO that story isn't going to age well at least in the near term... market buying the bad news. Recent new high on DBB. Copper looking bullish again too. Turns out the world still needs a lot of metal.
Based upon that recent high and bull-flag - DBB hitting $22 = very likely.
Inflation looks like it is ready to ROAR! At least for a bit longer.
Not financial advice.
kitco.com/news/2021-09-02/Why-is-China-dumping-copper-and-flooding-the-metals-market-Gianni-Kovacevic.html
IMO that story isn't going to age well at least in the near term... market buying the bad news. Recent new high on DBB. Copper looking bullish again too. Turns out the world still needs a lot of metal.
Based upon that recent high and bull-flag - DBB hitting $22 = very likely.
Inflation looks like it is ready to ROAR! At least for a bit longer.
Not financial advice.
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