Many investors and analysts – present company very much included – have been closely following the historic rally in gold futures and silver futures, but perhaps it’s no coincidence that we’re seeing another metals story developing under the surface just as the tech world’s marquee CES conference is taking place. Precious metals are dominating the headlines for now, particularly amid geopolitical turmoil and a weaker dollar, but it’s become impossible to ignore that industrial metals are also having a robust run. Since robots and rockets aren’t made from hopes and wishes, we may well be in the early innings of a secular commodity bull run.
Strength in the materials sector is highlighted by this chart of aluminum alongside major producer Alcoa (AA):
