Investors are looking for exposure to commodities on the upside. People are piling on with expectations for a bullish year in commodities. |
This isn't signaling we're at the end of a bull run. There's still a lot of large institutions who want exposure to hard assets. This is an area where there's an opportunity to get long. |
We've run up $25 in the past week. People piled on, and that may have played itself out at this point. |