Subtitles section Play video Print subtitles WE HAVE TO TALK COMMODITIES. THIS YEAR REMAINS HOSTAGE TO THE PRICES AND THAT'S A HUGE PART OF WHAT I THINK IS IMPORTANT FOR WHETHER THE FED WILL BE DONE OR NOT. I'LL REMIND YOU OF SOMETHING IMPORTANT. AT THE END OF THE DAY, COMMODITY IS THE END OF THE BOOM AND BUST. NOT LIKE WAGE INFLATION. WE HAVE A HARSH LESSON LAST YEAR THE PRICE OF OIL OR NATURAL GAS OR WHEAT GETS TOO HIGH, COMPANIES BOOST PRODUCTION, WHICH PUSHES PRICING BACK DOWN, THAT'S ECOM 101 AND WHEN THE PRICE GETS TOO CHEAP, THEY CUT PRODUCTION AND PRICES AND AT SOME POINT, LAST SPRING, THOUGH, WE CONVINCE OURSELVES THAT COMMODITY PRICES COULD KEEP ROARING ENDLESSLY HIGHER, NOT ONLY STOCKS IN NOVEMBER OF 2021 UNTIL THE PRICES COLLAPSE THE SECOND OF THE YEAR LOOKING FORWARD, YOU NEED TO UNDERSTAND THE BOOM AND BUST CYCLE IS A BIG PART OF WHAT WE TALK ABOUT THIS YEAR AND THAT'S WHY TONIGHT WE'RE GOING OFF THE CHARTS WITH THE HELP OF CARLY GARNER, A BRILLIANT TECHNICIAN WHO IS THE CO-FOUNDER OF THE CARLY TRADING. SHE'S THE AUTHOR OF "HIRER PROBLABILITY COMMODITY TRADING"A BOOK I READ AND COMMODITY EXPERT AND SHE PREDICTED THE PEAK OF OIL OVER THE SUMMER WHEN VIRTUALLY EVERY OTHER COMMENTATOR INCLUDING TWO I HEARD TODAY ON AIR THAT DIDN'T ADMIT IT SAID IT WAS GOING 150 HOW DID SHE MAKE THAT CALL SIMPLE, SHE NEVER FORGOT THE BASIS. THAT HOLDS FOR SO MANY OF THE COMMODITIES THAT SOARED IN PRICE LAST YEAR WHEN RUSSIA INVADED UKRAINE. WE NEED NATURAL GAS, TOO MOMENT
B1 US commodity natural gas carly gas oil bust Charts suggest oil, natural gas and wheat could be due for a 'boom,' Jim Cramer says 10 1 WP posted on 2023/01/04 More Share Save Report Video vocabulary