CRB commodity index hits target
Not that it needs to stop here and not that I knew a tragic humanitarian event was going to instigate the final drive to 270+, but here we are. CRB index closed yesterday at 268.32 and is up over 3% this morning. So… target in.
It’s a target we’ve had on for at least a year now. And it is being driven by an inflammatory geopolitical event. I’ve been around long enough to know that hype events can momo on longer than one might expect. But I’ve also been around long enough to understand risk/reward and I’ll stick with my view that gold, while getting hyped itself by current events, is in a superior risk/reward to cyclical commodities.
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