The last number of years saw the Softs sector explode as one after the other of its markets was driven to new all-time highs by adverse global weather.
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For much of the spring and summer the Metals sector looked to have taken the baton from Softs, only to find renewed selling at the end of July.
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Over the past couple months, the Metals sector moved into the spotlight in the commodity complex. Questions started coming in about platinum[i] and copper[ii], all while the more better-known markets of gold and silver continued to do their thing. The theme of my conversations this summer have markets in the Metals sector could do something similar to what has been seen in Softs over the past number of years: Each one taking the baton and running to new all-time highs, as if in a relay race.
