GCC is WisdomTree Enhanced Commodity Strategy Fund, it an actively managed exchange-traded fund and intends to provide broad-based exposure to the following four commodity sectors: Energy, Agriculture, Industrial Metals, and Precious Metals primarily through investments in futures contracts. The Fund may also invest up to 5% of its net assets in bitcoin futures contracts. The Fund will not invest in bitcoin directly. Investing in GCC lets the investors seek enhanced exposure to the commodity markets and first ETF to incorporate bitcoin futures, diversify traditional stock and bond portfolios and to satisfy demand for inflation hedging instruments.
GCC Chart shows a zigzag Elliott wave decline from 2008 peak. Back in 2019, price of GCC was entering the blue box area between 17.35 – 5.44 and we mentioned it was close to a finding a low and it should rally after buyers appear in the blue box. We have seen a strong reaction higher from the blue box which appears to be in 3 waves as of now, however, another high will make it an impulse which will confirm the view that pull backs should hold the low in the blue box for extension higher. This is why we have been holding the view that Crude Oil is going to reach $130-$140 area and we have been mentioning to members that Silver is going to break 2011 high and Gold is also going to extend to $2700 – $3000 per ounce.
When Commodity Fund was entering the blue box back in 2019, we knew it was time to buy commodities and that’s how our members were able to buy Silver at the top of blue box at $11.76 and also be able to start creating long positions in other commodities. Watch GCC video below to see the analysis to see how GCC relates to commodities and why we think commodities prices will be increasing further going forward and that’s why we believe commodities are a good place to be invested in for the next 4-5 years to come.