We've been obnoxiously bullish on soft commodities recently. 

And it's for a good reason. 

Coffee just broke out of a nearly 50-year basing pattern. It's hard to bearish when the price is making new all-time highs.

But the group is becoming bifurcated.

Orange juice futures were the early leader in the soft space. The price made a new all-time high in 2022.

Unfortunately (for the bulls), the uptrend in OJ seems to be over, at least for now.

In true commodity supercycles, shiny yellow rocks outperform stocks.

Last week, we outlined why we thought buying gold and selling stocks was a good idea. If you haven't had a chance, you can check out that post.

But that's not it.

We've also been pounding the table on how bullish we are on the precious metal mining stocks. They're testing a key level of polarity relative to gold futures. 

This is the level where the miners begin to outperform gold.

We're also heading into the sweet spot for junior gold mining stocks based on seasonality. 

Here's the seasonal trend 👇

My uncle told me in 1999 that tech was about to take a nap.

I had no idea what the hell he was talking about. I was too busy riding bikes and planning my next trip to a contest. 

But I’ll never forget the timing of his trades.

He sold all his tech stocks and started buying gold miners, micro caps, and commodities.

It sounded crazy to me at the time. But his entire analysis came down to one thing:

The Dollar.

We have not seen a real weak dollar environment in nearly 20 years.

Yeah, we’ve seen pullbacks—2017-18, late 2020-21—but a sustained downtrend?

I haven’t seen one.

Look at the chart. The last real decline was after the dot-com crash in 2000.