The rally in commodity prices is not slowing down but after slowing down into March and April it is accelerating and getting broad based. It is no more only about copper or only about Soy Bean oil, it is embracing the entire spectrum of commodities.

The failure to understand the cycle is where the biggest misses occur in investment. And 90% of Research analysts when asked about this sector will say "This space we do not understand so we avoid it"

But some of the biggest money is made in leveraged bets [meaning producers] in this sector. These cycles also do not end in 1 year if they just started from the depths of 2020, they typically last for years and up to 7-12 years.

Now the real reason these sectors and stocks are going ballistic is not the missed out feeling of retail investors who are scared to buy at higher prices, but the missed out feeling of fund managers portfolio managers and serious investors who cannot avoid participating

Participating in the secular trend that they are starting to recognize. This is the panic buying you are now seeing in the market in the metals space and it may not be over. This is how bubbles begin. This is not the end game.