Back from my Myanmar Trip – New Insights on the Commodities Market

Last month, I took a trip to Myanmar for a holiday, and was hosted by a friend who was working for a major commodity trading firm.

It was a great week of chilling by the pool (which was 10 steps away from my room), enjoying sunsets, and trying out the local delicacies.

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I also got the chance to trade the FOMC with the company of some good Myanmar beer. :p

As expected, the interest rates were not raised, which means we will have to observe October and November carefully. In addition, the recent NFP was not good, which makes December more likely.

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After some serious back-of-the-napkin analysis, as well as some insightful discussions with my friend, I came to the conclusion that commodities may not recover that quickly, based on technical and fundamental factors.

I have attached below the chart of the CRB commodities index ETF, which is listed on SGX.

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crb commodities index

 

I will be keeping an eye on this, as I have some commodity-related counters in my portfolio, and it might be a good opportunity for the long-term.

Stay tuned for my monthly portfolio update for September coming up real soon! 😀

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About the author

Spencer is an avid globetrotter who made his first million at 28, spending just 15 minutes a day trading forex while travelling across 50+ countries. From there, he started building a diversified portfolio of stocks, REITs, ETFs, properties, and businesses.

 

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