This is what I said in [1]:
This is what I did in [2]:
Now, let me give you the headline news [3, 4]:
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References:
- Humble Suggestions, Part IV
- Soybeans
- Corn Near to Record, Heads for Biggest Weekly Gain in 11 Weeks
- Dollar Heads for Biggest Weekly Gain in Three Years Before G-8
Related posts:
3 comments:
Look for short term volatility, I mean really volatile as they seek to put 'controls' on speculation.
Further more the dollar has strengthened a lot in just a few days.
Once they figure out that this is a supply-demand issue, prices should go up till there is ample evidence of demand destruction.
I, for one still can't believe people are calling for a recovery in equities in 2009. Has the mortgage debacle in the US been resolved? Is the impending one in the UK curbed?
Has the derivative issue been completely resolved? Is inflation really under control?
A global bust in equities is already on the way, with chinese, indian and vietnamese markets already looking to test new lows again. Once this reality sinks in to the mainstream I think emerging markets will be hit worse, i do not believe in the decoupling of markets.
Having said that, i think we are into a commodities boom, the cycle is just about to pick up speed and this lasting for the next few years while equities decline.
There are those that still think oil will go down to 100 or below, i don't think there's going to be that much demand destruction in this downturn.
Nice blog, you definitely know what you are talking about.
But watch out for those wild swings, i see 'regulations' and 'interventions' in the markets soon.
My 2 cents.
your gold position how?
your USDJPY going to be shorted how? It keeps going up and up????
opine,
-- Thanks!
anonymous,
-- We are leaving our position in Gold intact.
-- I will post a chart for the Yen futures in the coming days. Otherwise, I will post the levels where I would consider risk-conservative.
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