Commodities Have Bottomed – Which One Is Poised For The Greatest Return?
In the last couple of years, we have seen the majority of commodities bottom out, finally seeing some signs of life. The majority of the rebounds occurred from late-2015 to early 2016.
Molybdenum led the pack after its mini-resurgence and subsequent fall, while nickel experienced the same path, bottoming out several months later.
Looking back at the last five years, iron ore fell the hardest, decreasing 67%, while lead remained the most resilient, losing only 15%.
Now that commodities have bottomed, many in just the past year have been performing extraordinarily. Cobalt is heads above the rest, gaining 114%, while vanadium comes in second at 71%. There is quite a difference afterwards, with copper gaining 32% and zinc 27%.
Precious metals have not fared as well. In fact, the past year saw gold, silver, and platinum drop -5%, -15%, and -16%, respectively.
Regardless, there are incredible gains to be seen ahead, especially in precious metals. The bottom for commodities is in and has been for some time. Are you there to take advantage?