Hedge funds have turned bearish on commodities, but oil remains strong at $79 per barrel. Gold is surging past $2,500, while silver is at $28 an ounce. Despite this, grains are at historical lows. The Fed may lower rates in September, but gold and oil are being closely watched. Gold miners tend to do well when gold prices rise. Here are key points to consider: Oil could reach $80-$90, natural gas may go beyond $2.20, silver is undervalued, gold may approach $2,700, agricultural commodities look favorable, and more. Commodities are attractive due to geopolitical factors, government spending, and Federal Reserve policies. Equities show mixed signals, with some sectors outperforming while others remain weak. Gold miners are showing positive signs, with room for growth. Overall, the market is in a stagflation scenario, with caution needed in various sectors.ETFs like SPY, IWM, DIA, QQQ, and more have key resistance and support levels to watch.
