ITPM Flash Ep36 is a video series from the Institute of Trading and Portfolio Management (ITPM), founded by Anton Kreil, that provides market insights from the Institute’s senior trading mentors.

Disclaimer

This blog post is for informational purpose only and no investment advice. Always do your own research! Read the disclaimer here >>>

ITPM Flash Ep36 – Summary

In this episode of ITPM flash Ben Berggreen talks about how metals, especially gold and how it could present opportunities for traders.

If you take a look at the gold price you can see that gold is basically trading sideways for many years but recently broke out. On the chart below, Ben Berggreen included the COT – Committment of Traders – report for gold in which you can see an uptick recently. Ben suggests that for the data to be meaningful, it needs further confirmation.

image 7
Source: ITPM Flash, youtube

How does the general public view Gold?

A lot of people view gold as an inflation and crisis hedge. But this is, according to Ben, a common misconception as the gold price and USD price are inversly correlated. Gold is priced in USD and so does a weaker US Dollar attract new foreign buyers.

image 8
Source: ITPM Flash, youtube

As multiple crisis around the world are happening, there is more appetite for gold as a crisis hedge. Another factor that could support gold price is a rotation out of high valuation stocks into other areas of the market. Ben suggests, that as indices like the S&P500 have rosen a lot over the last few month and valuations are high (S&P forward PE is at around 20 vs. 15 average).

Copper

Copper is used as an industrial metal for various infrastructure applications, like electronics, equiptment, construction, transportation etc. Ben sees a pretty good change that the housing market will pick up steam. The push into electric vehicles also pushes the copper demand.

ITPM Flash Ep36 – Conclusion

There are some recent developments in metals that can present awesome trade ideas if you know, where to look at. Ben suggests gold and copper as some interesting fields to search for trade ideas.

As always, we traders need to do our own work and due dilligence on any stock we trade. There are no short-cuts in financial markets!

About me

The Institute of Trading and Portfolio Management (ITPM), founded by ex-Goldman Sachs trader Anton Kreil, helped me on my journey to become a profitable retail trader

Review of ITPM Courses

The courses of the Institute of Trading and Portfolio Management helped me massively to become a profitable retail trader. I genuinely believe that ITPM provides the best trading education on the market – but not everything is perfect. Find out more in my reviews

Results of my Mentoring with Anton Kreil

In September 2022 Anton Kreil asked me and another one of his former mentees, if we want to do a webinar with him. After the Thailand class in April 2022 and the following mentoring with Anton from Mai to July 2022 I thought it was great opportunity to show what I have learned and how I have progressed

ITPM Thailand Mentoring

After completing my first ITPM Course, the PTM 1.0 (the predecessor of the PTM 2.0), I knew I want to do a mentoring. After a thorough analysis I decided to attended the April 2022 Thailand mentoring class

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments