tj
belated report:
purchased a small position of april 12.50 AUY puts yesterday @ 0.85. the current system i use to trade es futures shows a sell signal on gc dec contract, which so far is behaving as expected. no sell signal on euro.... i don't normally use for anything but emini trading....so...take with grain of salt.
i haven't yet entered a short position, but will probably do after hk market opens, as the inflatable mysterious deep pockets for gold seem to be coming from your edge of the world.
regarding recent COT reports, cot signal... looking back current commercial burden is high,,but not overly so. current speculator burden also high, but not of historical magnitude,,, am wagering all will likely unwind for a healthy correction. what happens after .... just look at last 8 years....
regarding oil... distillates were up,, a lot of blame on midwest stockpillers unstockpiling and cashing in... e.g. panic is best always done first, game over player one... storm clearing up in gulf, shipment resuming....
ADM and Bunge wacked today...
all points to:
dollar up big, yen about same, unload commodities kwickly soon....
as much as i like scriptable gudd days... in america sometimes we must have these days too. sometimes more than others... |
