PICK: +16% in 10 weeks – ETF Trend Sense
In a market where hot sectors cool down, opportunity emerges in sectors that respond to demand. Sal Mangano of TradingStockAlerts.com, publisher of the ETF Trend Sense product: “The prices of copper, aluminum, tin, lead and nickel have all been rising recently as traders bet on a resurgent global economy based on vaccinations pandemic, central bank involvement and fiscal stimulus. This ETF is comprised of miners of industrial metals only. As metals prices increase, profit margins for miners should increase as well. Note that bond yields have widened lately and some investors are beginning to worry about inflation. A common hedge against inflation is, you guessed it, an investment in commodities. We think this ETF has more room to run as tech seems to be slowing down and traders look for a bull market in an alternate sector.”
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