In the inflationary environment, I believe commodities tends to get more expensive which is why I think gold and oil will eventually trend higher!

You keep saying commodities are headed up. That may be true in the long term, but there seem to be headwinds from rising interest rates in the near term. Don’t commodities generally go down when interest rates go up? The Fed seems to be aiming to raise rates to the 5.25-5.5% level over the next few months and says they won’t be lowering rates this year. Won’t that hold commodities down… at least until the second half of the year ?
The Fed started raising rates last March…In early March 2022 the etf DJP hit 40/share. Today (one year later) it closed at 31.55.
Seems like the bull market in commodities won’t resume until the Fed pivots.