Weekly Market Pulse: A Commodity Bull Market?

Joseph Calhoun
2.65K Followers
(16min)

Summary

  • The US, for instance, has had a glut of natural gas for years owing to the shale oil boom and that is likely to continue as long as US oil production from shale continues to grow.
  • The GSCI hit its peak in July of 2008 at nearly 11,000 and today stands at 3634, lower than it stood in early 1997.
  • Gold has gotten plenty of attention because of its performance, but the rest of the commodity complex has largely been ignored.
  • The dollar, year to date, is down 8.7% and 13.7% since its peak in September of 2022.

silhouette form of bull on technical financial graph 3d illustration

monsitj

In commodity markets, there’s an old saying that low prices cure low prices and high prices cure high prices. High prices lead to overinvestment in new capacity, which leads to gluts and low prices. Low prices restrain investment, which leads to shortages and

This article was written by

2.65K Followers
Joe has worked in the financial services industry since 1992 in various capacities, including Operations Manager, Compliance Manager, Registered Representative and Portfolio Manager. From 1997 to 2006, when he founded Alhambra Investment Management, Mr. Calhoun was a Director of Investments at Oppenheimer & Co. Mr. Calhoun holds the Series 63 (Uniform Securities Agent State Law) and 65 (Uniform Investment Advisor Law) securities licenses. He has previously taken and passed the Series 7 (General Securities Representative) and Series 9/10 (General Securities Sales Supervisor) securities exams. Joe proudly served in the U.S. Navy’s nuclear submarine service for 8 years (1983-1990) and was awarded several commendations including the Navy Achievement Medal in 1987. He studied engineering at the University of South Carolina and is a graduate of the U.S. Navy’s Nuclear Propulsion School. He founded Alhambra Investment Management as a registered investment advisory to address the needs of the individual investor. His market commentaries are widely read and published at various online outlets. He has appeared on Larry Kudlow’s program on CNBC and various radio programs. He is also an editor of the website RealClearMarkets.com.

Recommended For You

About DXY Ticker

SymbolLast Price% Chg
52 Week High
52 Week Low
Open
Prev. Close
Compare to Peers

More on DXY

Related Stocks

SymbolLast Price% Chg
GLD
--
IAU
--
USO
--
DBO
--
UNG
--
USL
--
SGOL
--
OUNZ
--
OILK
--
BAR
--
GLDM
--
AAAU
--
SP500
--
XAUUSD:CUR
--
SPX
--
IAUM
--
US10Y
--
DXY
--