Jun 14, 2022
Summary:
The dollar isn’t doing too well under our democratic presidency.
With that in mind, it’s important to think about inflation and how
this dictates the future of many commodities. Here to talk about
this is Eric Hadik from INSIIDE Track Trading, and he provides a
technical analysis of commodities—specifically in regard to how
they will pan out later this year. Tune in to hear why commodity
price inflation will most likely have a significant top in Q3, and
other predictions that will help prepare you for what’s to
come.
Highlights:
-Over 2 years ago, it was said that the dollar does better when
democrats are in office, but the case seems to be different
today
-A governing Republican philosophy is that a lower dollar is better
(increases exports)
-During the Reagan administration, a strong dollar hurt some of the
American economy
-Eric’s predictions in 2016 about a top in the dollar led him to
believe that a republican was going to be in office
-From a commodity price inflation perspective (i.e. grains, key
commodies) commodities are probably going to have a significant top
in the September/October 2022 time frame, or in the cusp of
Q3/Q4
-A high, however, doesn’t necessarily consist of one uninterrupted
up-trend
-The middle half of June will most likely be the next peak; energy
markets will set a peak in the next 10 days, and Eric expects
prices to come down
-Precious metals are entering what should be their most
advantageous period
-There are isolated commodities that could still see higher levels
further down the line
-Discuss two major upside price objectives for natural gas
-Natural gas could go substantially higher before it finds its
level
Useful Links:
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