Sunday Reads and Listens – Commodities Commodities Commodities

Before I get started – you MUST listen to this podcast of Patrick’s with Eric Mandelbratt titled Investing in the Industrial Economy. I link again later in this post but do yourself an investing favor and listen.

Onwards…

I miss all the oil jokes from April 2020 (when oil went negative):

There are so many lessons in this current commodity surge.

I guess the first one is ‘when oil goes negative, buy some.’ I went back and checked what I did the day oil went negative and thank god I DID buy Exxon.

I wrote ‘Oil…We Got A Bleeder‘

I know LESS than nothing about oil and coal and commodities so I was happy to flip Exxon for a 30-40 percent gain in the following months and stopped following it.

Big. Mistake.

So here we are in March 2022 and I will share some charts of coal, wheat and energy stocks and indexes combined with the chart of Russia’s stock market ETF (note – if you have a Koyfin account you can play with the chart in this link):

The first one is since April 2020:

The second one is the same stocks and ETF’s for the last 20 years:

A few things stood out to me

1. Russia always sucks as a place to put money.

2. The commodity Spikes can be epic.

At the end of my post in April 2020 I wrote:

So here we are in March 2022 and while the massive money printing held off a recession in 2020, a recession is coming in 2022. I write this because there has never been a time when oil rose 50 percent and we did not get a recession.

Anyhooooo…

I have been listening to podcasts on the subject of industrials, oils and commodities from this Coloussus page of links and you can too.

I am off to New York.

Have a great week.