When will everything else dump?

Quote from Jayford:

I've actually been expecting this for quite some time. I'm definitely too early to the party, but the payoff could be astounding. When these babies drop, the floor falls out. I once had a buddy in lumber for 11 straight limit days. Unfortunately, he was on the wrong side!
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Patience...
 
Respectfully disagree
This commodity bull has been clearly a demand side issue, as most all massive commodity bull runs are...they have little to do with supply..
With base metals generally being the catalyst, and with them really getting pounded of late, I would expect to see a short term top in the broader markets here soon...

I'm still waiting for the signal..

Quote from Jayford:

Trad3r,

Commodities are not correlated to the overall market at all. This is exactly why money managers put them in a portfolio - for diversification.

Strong commodities will help the commodity stocks, but says nothing about underlying strength broadly. Most commodities are sky high due to the ridiculous global liquidity situation, and the dollar, not because of supply and demand. Sure, global strength drives them to a certain extent, but not even close to what has actually happened in these markets. Pretty much every market pro will tell you this. Journalists, on the other hand, may say anything!

Try doing an overlay of the US Dollar Index and just about any of the major commodities. Speaks volumes.

Cheers.
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As long as the Fed continues to print money as though there were no tomorrow, USD will continue to decline, and commodity prices - to rise (in dollar terms).
 
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