We're amidst an epic bull market for precious metals. And while gold and silver get all the headlines, we think Palladium could end up being the sneaky outperformer in this cycle.

We laid out the case in February: Commercial hedgers were loading up at record levels. 

That only happens when Palladium is dirt cheap, which it certainly is right now. The price is still trading more than 70% below the 2022 peak.

Price has done nothing for months. 

But that might be exactly what we want.

After a decade of going nowhere, livestock futures are showing signs of life.

While other commodities have recently stolen the spotlight, the livestock space has quietly been forming some of the most powerful bases in the commodities market.

Now we’re seeing breakouts across the board - from Live Cattle to Feeder Cattle, and potentially Lean Hogs next.

Let’s walk through the setup...

This equal-weight basket of Live Cattle, Feeder Cattle, and Lean Hogs spent over a decade carving out a massive base, testing the 2014 highs multiple times before finally clearing the level.

That’s the principle of polarity in action: what was once resistance is now support.

With bulls back in control, we’re targeting the 161.8% Fibonacci extension near 221. That's almost 25% more upside from the current price!

It’s time to stop fading strength and start riding the uptrend in livestock.

Lean Hogs futures are lagging, but maybe not for long.

Prices are pushing against a major downtrend line...

Do you remember when The Economist magazine cover had a rocket ship covered in United States dollars last year?

They said the United States was "The envy of the world."

It was so cringe...

The dollar got blasted over the next several months, and the U.S. stock market had its worst quarter in decades relative to the rest of the world.

Like any other type of market analysis, fading magazine covers is more of an art than a science.

We don't want to fade a trend just because there's a magazine cover.

The dollar was extremely overbought in the prior example, and the COT positioning tipped us off to a potential move in the opposite direction.

We waited for the market to confirm our bias, managed our risk, and made a ton of money.

Fast forward to today, and the latest Barron's magazine cover highlighted a stack of Gold bars and said:

"Investors are loading up on the metal as a haven in chaotic times. How long can it last?"

This comes as Gold futures are running into...

 A tribute to ASC Gold Rush's standout setups

Great trades never ring a bell. They don’t come with fanfare. They come wrapped in uncertainty, quiet conviction, and a little discomfort. That’s how you know they matter.

Take Cocoa futures. One of the cleanest breakouts we’ve seen recently, but it didn’t feel clean until after it moved. 

Before that, it was all noise and indecision.

Here’s the setup we outlined in October 👇

We were betting that the breakdown to new lows wasn’t going to stick.

Why? The 14-day RSI was firmly in a bullish momentum regime. 

That’s a characteristic of an uptrend… Not a downtrend!

Moreover, this was a textbook consolidation after a historic 190% bull run which unfolded over 4 months.

Here’s how the setup unfolded 👇

The price ripped back above support and hit our target at the upper bound of the range in just a few weeks.

It was an epic bear trap…

Admittedly, this worked much better than we expected.

We...

After a historic rally fueled by Coffee and Cocoa, our Soft Commodity Index is finally hitting a major wall. 

With the price stalling at the 2011 highs and signs of distribution setting in, it’s time to shift our focus from chasing strength to hunting weakness. 

One commodity, in particular, is standing out on the downside, and it's giving us a sweet setup to take advantage of.

Let's talk about it...

Our Soft Commodity Index is an equal-weight basket of Cotton, Coffee, Cocoa, and Sugar.

It has increased in price by more than 150% over the last 5 years. This was primarily driven by historic uptrends in Coffee and Cocoa, which rallied 350% and 500%, respectively.

The complex was the home to some of the best trends in commodities for years.

Now, the...

Gold miners keep squeezing higher.

Why the short sellers are betting against this uptrend is beyond us.

As the great market analyst, Charlie Munger said:

"If people weren't so often wrong, we wouldn't be so rich."

Thank you, short sellers... We love you!

There's so much happening in the commodities markets right now. 

Orange Juice futures just ripped 50% in several days and triggered our buy signal.

Crude Oil futures have resolved a textbook multi-year distribution pattern and triggered our sell signal.

To name a few...

We're also on the cusp of getting a fresh buy signal in Soybean Oil futures.

"Big Oil" wants more renewable diesel - from 3.3 to over 5 billion gallons.

If that's the case, demand will skyrocket for grains across the board.

The first week of 2025 was the largest 1-week rate of change since 1983 for Soybean Oil futures.

We love to call the beginning of each year "whipsaw hunting season."

This is where trends that are overextended, in either direction, tend to...

Gold Miners are ripping in 2025 as Gold futures continue to print fresh all-time highs.

Here's how the year has played out so far:

• The S&P 500 is down 8%
• Bitcoin is down 9%
• Bonds are flat
• Silver is up 12%
• Gold is up 22%
• And Gold Miners are up 47%

There has been a tremendous amount of dispersion in the returns.

Despite precious metals' clear leadership role this year, the short sellers have piled into the Gold miners.

Amid historic market volatility, we're looking for uncorrelated trades.

Whether that's Crude Oil, Lumber, or Orange Juice.

Trading commodities doesn't just offer lucrative risk versus reward opportunities, but it also has a very low correlation to other asset classes.

For example, Orange Juice was in a steady uptrend from 2020 until the end of 2024. 

It didn't care about the bear market in 2022. 

And it certainly doesn't care about the bear market in 2025.

This was the best week for the juice since 1998, and we think it has the potential to rally more for the foreseeable future.

The publicly traded markets around the world are experiencing some of their most volatile periods ever.

Since its February peak, the S&P 500 has declined by over 20%. 

Meanwhile, Gold has shown a tremendous amount of relative strength. It's only down 6% from its all-time high...

This isn't anything new, though. We've been discussing this outperformance for years, and we don't think it will change anytime soon.

What a week for the global asset markets.

On Wednesday, the United States announced new tariffs against dozens of countries. This set off a wave of selling pressure, which appears to have no end in sight.

Silver is down nearly 15% this week...

Copper was down nearly 15% this week...

Lumber was down 13% this week...

The energy complex was down nearly 10% across the board this week...

Even Gold fell 2% this week.

It was quick. It was nasty. And it's not over.

For the bears out there, it's hard to find a better setup than Crude Oil futures.

Crude Oil futures have broken a confluence...