Takeaway

The presenter argues that undervalued commodities are rallying in sequence, and that the meats and metals sectors are poised for the next significant move higher. Following recent strength in oil and a pop in the JPY, the speaker highlights high-conviction long trade ideas in Gold, Platinum, Palladium, and Cattle futures.

What the presenter said

• Markets are active, with oil being a primary focus and the Japanese Yen seeing a significant move overnight. [00:05, 00:09]
• The metals complex is experiencing a strong rebound, with Gold up $100 and expected to continue its upward trend. [00:24, 00:32]
• The presenter anticipates significant upside moves in Platinum and Palladium, with Palladium in particular expected to see a "big correction on the upside." [00:36, 00:43]
• The speaker's core thesis is that commodities are undervalued globally and will take turns rallying; grains, metals, and oil have already had moves. [00:50, 00:53]
• The meats sector, including hogs and cattle, is identified as being poised for the next rally. [01:01]
• Cattle prices are just beginning to correct and have substantial room for upside movement. [01:07]

Trade ideas

• Instrument: Gold futures

  • Direction: Long
  • Thesis: Gold is up $100 and has more room to go, with strength potentially rolling into silver and gold stocks.
  • Entry/Target/Stop: None stated.
  • Horizon: Short-term
  • Conviction: High

• Instrument: Platinum and Palladium futures

  • Direction: Long
  • Thesis: The speaker believes Platinum and Palladium are "getting ready to go," with Palladium expected to have a big upside move.
  • Entry/Target/Stop: None stated.
  • Horizon: Short-term
  • Conviction: High

• Instrument: Hogs and Cattle futures

  • Direction: Long
  • Thesis: The view is that the meats sector is next to rally, with cattle showing "a lot of room on the upside" after beginning a correction.
  • Entry/Target/Stop: None stated.
  • Horizon: Short-term
  • Conviction: High