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As I used to tell my fellow bikers, it's great to have balls, problem is when you have them in lieu of brains...

Tough to be long commodities for an extended period of time: you got to be right quick otherwise contango will eat your lunch month after month after month. Alternative is to buy miners and other producers.

Publicly available statistic, Berkshire ain't computing anything. St Louis Fed website. https://fred.stlouisfed.org/series/DDDM01USA156NWDB Totally unreliable indicator. Used to work, until it didn't.

My trading signal got me in Gold, Silver and oil. Been in Copper last 6 months. If (that's a huge IF) my trading signal is worth something, inflation is on the way. To answer your question, Buy. Also, don't pay attention to what GS or MS say. Try to find out what they do.

Vanguard Commodity Strategy Fund (VCMDX). Beats the heck out of the Bloomberg Commodities Benchmark thanks to active management of maturities to avoid contango depletion. They discourage in and out trading though. Just sit there and watch it grow. One of my best 2020 moves (and I did very well...

No disrespect to anybody but I don't base my opinions on that of ET's "experts". Especially those that haven't even read Taleb's books and pronounce sanctimoniously on the content.

Human brain is hard wired to find patterns in random suites. Don't waste money on BS software: try to think out the box and see randomness where others see patterns. Read Taleb and make money.

You permabull? Crash is a rally in your book? We had great rallies in 1929, 1987, 2000, 2008 right?

Never said it was a rally. Large moves after 3:30p, more like 3:45 mostly. Up or down. Been there for decades.

You ain't been around long, have ya? Been that way for years, decades even. Algo trading, big boys running the stops, shaking off 1% equity day traders. Easy money for them WS wolves.

It's headed up there lol

Market blasting off to Uranus lol! Apocalypse doomsday baked into end March prices, then US/Others decisive policy response and now global Covid numbers point to topish infection rates and maybe milder virus strain. No wonder. Mr. Market always does what the crowd least expects. Time in the...

Han bully shows his true colors.

Thanks, interesting article. I'm generally wary of ZeroHedge conspiracy theories but this is a plausible and solid explanation: Covid threw a wrench in the spot/forward arbitrage and it persists, hence that fat contango.

"there is no contango in gold." ????

Yup, other side of the same coin. Not sure what's causing it. Maybe some central bank (Turkey? Iran?) needs $$$ and swaps out their gold but few are short gold right now so no borrowers, therefore leasing rates turn deep negative. 2 month -1.83% explains the $12.50 August contango. No idea...

Jun-Aug $12.50 Aug-Oct now $7.00 Any reasons? TIA

I'm all for it. That'd be fantastic.

Exactly, that would be ideal.

Thanks, helpful response. Guess I'll keep doing what I'm doing now.