Passing the Baton

Monday, March 23, 2026   We've been pounding the table on this idea for months now.   This isn't just a commodity bull market… It's a broadening commodity bull market.   When this cycle first got underway back in March 2024, as Gold kicked off a brand-new secular uptrend, leadership was incredibly narrow.    The metals complex dominated everything.    Precious metals, base metals, industrials… if it came out of the ground, it was working.   But that's not how sustainable bull markets behave.   Instead, they expand, rotate, and pull more and more participants into the party.   And coming into 2026, that was our bet: leadership would rotate away from metals and into other areas of the commodity complex, namely energy and agriculture.   So far? That's exactly what's happening.   The cleanest way to see it is through one of our favorite intermarket ratios: agriculture versus base metals.     The agriculture $DBA versus base metals $DBB ratio has completed a textbook scoop-and-score reversal pattern, reclaiming a key shelf of former lows and pushing to fresh highs for the year.    This is what a decisive shift in leadership looks like.   Sure, in the very short term, this move might be a bit extended.    But zoom out, and it looks like the early innings of a brand new primary uptrend.   In other words, this isn't the end of the move… It's the beginning.   And if agriculture is going to continue outperforming base metals, then we want to be long the strongest trends within that group.     Steve Strazza closed out most of his energy positions this week and moved 85% of the Wave Trader portfolio into tech and large-cap growth — and yesterday he showed exactly why on live charts!   The same volatility compression signal that called the energy trade in January is now showing up across the software sector.   Replay is here. Jason Perz | ASC Gold Rush | Save The Bees All Star Charts emails are a financial publication of general circulation and only offers impersonal advice, not tailored to individual needs of a specific client or group. Any comments or statements made herein do not necessarily reflect those of All Star Charts or its affiliates (collectively, "All Star Charts") and do not constitute buy or sell recommendations. Unless specifically indicated, this message is not an official confirmation of any transaction. The contents of any email communications to or from All Star Charts may be monitored or reviewed at All Star Charts's discretion. All Star Charts accepts no responsibility for any loss or damage arising in any way from the use of this transmission and any attachments; it is the responsibility of the recipient to ensure that they are virus free. If you reply to this email, please note that we are a public investor and do not want any material non-public information. We do not agree to keep confidential any information you provide and do not agree to any restrictions on our trading activity, except pursuant to a written confidentiality agreement executed by All Star Charts. Want to change how you receive these emails? You can manage your preferences here unsubscribe. © 2026 All Star Charts 624 Broadway, Suite 405 San Diego, CA 92101