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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (17457)8/17/2002 9:59:48 AM
From: Jim Willie CB   of 36161
 
nice to see energy complex rise, supporting CRB
grains are in serious serious trouble
I cannot remember a single week with such a grain rise in years, like last week
some may find no connection between gold and grains
but this jackass does
it is part of the new New Economy
grains, metals, energy all prove a commodity inflation trend

check out last week's contribution to the CRB chart
futures.tradingcharts.com
could be a minor BREAKOUT toward 230 recent critical highs
excellent relative strenk
now setting up an upcoming Cup & Handle completion ?
then comes a big breakout later this autumn or winter

unfortunately, crude oil has a large speculative underpinning
it is real
delivery has often become more important than supplies
strange world

/ jim
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