Marol

A Closer Look at 4 Commodities

A couple of weeks ago, Kevin Kerr (? or someone associated at Agora) sent out a warning/alert on the imminent crash – for the time being, that is. He referred to the Commitments of Traders. Sorry, I don’t have the URL handy, but I think it’s at the Chi Board of Trade, or Futures, site. He suggested watching that info, and that the commercial traders were shorting very heavily. Being heavily invested in commodities of various types (metals, agriculture, etc), I checked it out the next day. Once I found it, I saw what he meant. Didn’t really believe it, but I decided I should tighten up my stop-losses. That was to happen the next night – but that night my computer crashed, and I spent the whole night getting it up again. That left me too tired to tighten the stops, and also too tired to get up for the trading day. And when I got to the computer that evening, it was basically over.

I commend you to the Commitments of Traders.

But I also do agree (as does he) – it ain’t over, scarcity will rule. But that’s long-term, not necessarily short.

BTW: I am impressed with the comments on this article. Polite, no name-calling or dissing, and responses to the actual points made (some of them political), rather than to whether they should have been made. (Yes, I know that’s a run-on sentence; I’m tired.) Not always the case on Alpha. However, I have to say that there’s much less nastiness here than on AOL, for example.