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?