"The Fun Part" Is About To Start For One Commodity: Harris Kupperman
"...in the end, price doesn’t lie. Price is now trending higher. The buyers are having the upper hand here."
One of my favorite investors that I love reading and following, Harris Kupperman, has offered up his thoughts on one commodity that could be poised for a breakout.
Harris is the founder of Praetorian Capital, a hedge fund focused on using macro trends to guide stock selection. Mr. Kupperman is also the chief adventurer at Adventures in Capitalism, a website that details his investments and travels.
Harris is one of my favorite follows and I find his opinions - especially on macro and commodities - to be extremely resourceful. I’m certain my readers will find the same. I was excited when he offered up his latest thoughts, published below.
On Breakouts
Let me cut to the chase, I can read a chart, but I would almost never invest based on a chart. In fact, I’ve always been baffled by who it is that buys a “breakout.” Seriously, why pay more than yesterday’s price, when you could have bought it yesterday for less? What is it that makes investors so excited to pay up?