My only big futures play has been the Sept copper, which I averaged in at about 1.19, and is now working in spades, as it sure seems like the price rationing phase is underway with the price closing in on 1.30, up from 1.15. I have the serious money down in the various metal stocks as well. They've had nice bounces off the bottom, but are really having trouble getting much traction. In food and grain, I usually use corn (as there are true supply challenges worldwide, everybody can grow wheat), but have nothing on right now.
This market just looks friggin spooky, friggin spooky, friggin spooky, and do I dare say friggin spooky again? . What are people thinking? Look at the CRB today, look at unleaded gas and energy, look at metals, look at food.
mrci.com
They have the printing presses going (instead of tightening to cool things off) and it's creating a huge subsistence disaster for the US. June is going to be the heart of the Train Wreck. The commodity spike this time will take down Asia too. We may see a parabolic spike, and economic collapse. That's what this looks like to me. |
