RealMacro

Base metals have been rejected at the 5 year trend line

Short
AMEX:DBB   Invesco DB Base Metals Fund
Copper has also been rejected simultaneously. While this a weekly chart and a long term play, I expect the profits to substantial. Especially if the market admits a recession.
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Comments

I agree with your idea MT1 especially if a recession is declared. However we have the Trump who wants to go on a building spree. If he does then no recession will be declared. Still bearish cotton though...
Reply
@Olu, Indeed my friend. But as an MMTer (Modern Monetary Theory) investor. Trumps, spending spree with a deficit hawk mentality spells disaster as dollar will remain strong and kill emerging markets and exports. Imports will increase which will only deflates GDP. Higher interest rates will make debt repayment for the private sector more expensive, hurt housing etc.. He can't have it both ways. Tax cuts & deficit reduction offset each other. "Repatriation" is a joke which only enriches his boys. Tax incentives for building spree will only further enrich his friends and not the economy since his other policies will destroy more jobs than building will create. Trade wars will hurt multinational Companies earnings offsetting any domestic benefits. In short, he doesn't even know WTF he is talking about. If we really quantify his words point by point, what he is saying is disastrous. Let's see what he actually does. :)
Reply
Olu RealMacro
@RealMacro, Well said MT1. Let's see what he actually does
Reply
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