The FOMC has the ability to operate in the futures markets. They will start to cap the rising commodity prices. It's hard to beat an outfit that has unlimited money.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Big turn around by Fridays close.
Taking a small position....stop @12880.00.....will ride it up if possible.
Boy look at them go buy buy buy.
The commodities rally is over...Write it down.
Basing any trading decision on some of your conspiracy theories is a bad idea. Case in point with the exception of Copper the whole commodity stock space is doing well rebounding off the selling yesterday. There is still very real potential for legs up in Gold, Silver, Oil, Nat Gas, and maybe even Copper finds it's legs again. I'm not saying they will all go up but taking stock positions in all of them is not a bad play here. The payoff at this point is massive in some stocks if the underlying commodity breaks current levels ( Copper stocks already very successful but I'm not jumping back in on those today ). I've already banked a ton of profits with this approach this year it's too early to abandon imo.
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Actually, I may be wrong of course, but I bet on coffee coming out of multi year basing near the lows, following suit of other commodities, I don't know why, I am simply seeing it in the monthly chart of coffee and when I look at rallies in other commodities, we'll, I basically don't give a shit as to WHY.
You see kids, after 17 years you start to figure things out. Be like water, flow with the market.
So many people on here talking in circles. Put up or shut up.