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Are we in the late stages of a bull market for stocks? An indication of this is when commodities typically start to come to life and eventually outperform all other sectors and indexes.
Taking a look at the DBC, a commodity index tracking fund, the chart is rebounding after putting in a major bottom. On the Toronto Stock Exchange (TSX) chart, which is commodity-heavy, we are now on the verge of coming out of a double bottom that has occurred over the last few weeks. Looking at GDXJ, which is the Gold Miners, it appears that they are trying to put in a significant market bottom before breaking through the neckline. SILJ, the Silver Miners, have similar price action on their chart.
With these indicators of growth potential, the question remains – during the late-stage bull market for stocks, will commodities continue to strengthen and then take off to the upside over the next few months?
Video Length: 00:03:00
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