So here we are... Trend continues. Palladium ATH today!
Bulls exhausted the bears finally.
I got kicked out of soybeans and missed buying corn at the bottom of the triangle by little, I was too slow to decide and to look into it I think.
Commodities are going up. Gold not so much, investors are not interested.
But metals used in the real world, prices are all going up.
Today Palladium marked a new all time high.
Copper is 38 cents away from its ath, it retraced more than 90% only 6-7 to go.
Hard commodities like lumber got a lot of attention but while no one was watching food it kept going up.
And we got used to plentyful food, no one can imagine the west struggling to buy it, Corn & Soybeans are not far from ath.
China did an outstanding move by developing their financial markets (and conquering Hong Kong for its financial center - I'm just looking at the economics not here to argue about ethics & politics), to allow them starting to distance themselves from CME/American prices.
One has to admit regardless of what "side" they're on, that sometimes, when the leaders are intelligent, the planned economy can do something right.
Makes no sense to have irrational biases. If I offend someone well nothing I can do, just post silly indicators that no one made money from? Complete waste of time.
Less influence from the American economy in general, american commodity market prices, american fundamentals, american currency.
China got away from the building just before it collapses, just like in action movies where the fuse has 2 seconds left.
I really wish I didn't miss. I think I want to stay away from Corn as it has been the leader but I think Soybeans will be the next one.
Now all I have to do is wait for a pullback, around 1525 preferably.
I knew an explosion was imminent, but can't predict exactly when nor the random volatility.
This happens really often to me, being so right but missing out, I wish I had the ability to just buy a call for these.
Already rich people get that option, not me.
I got kicked out of soybeans and missed buying corn at the bottom of the triangle by little, I was too slow to decide and to look into it I think.
Commodities are going up. Gold not so much, investors are not interested.
But metals used in the real world, prices are all going up.
Today Palladium marked a new all time high.
Copper is 38 cents away from its ath, it retraced more than 90% only 6-7 to go.
Hard commodities like lumber got a lot of attention but while no one was watching food it kept going up.
And we got used to plentyful food, no one can imagine the west struggling to buy it, Corn & Soybeans are not far from ath.
China did an outstanding move by developing their financial markets (and conquering Hong Kong for its financial center - I'm just looking at the economics not here to argue about ethics & politics), to allow them starting to distance themselves from CME/American prices.
One has to admit regardless of what "side" they're on, that sometimes, when the leaders are intelligent, the planned economy can do something right.
Makes no sense to have irrational biases. If I offend someone well nothing I can do, just post silly indicators that no one made money from? Complete waste of time.
Less influence from the American economy in general, american commodity market prices, american fundamentals, american currency.
China got away from the building just before it collapses, just like in action movies where the fuse has 2 seconds left.
I really wish I didn't miss. I think I want to stay away from Corn as it has been the leader but I think Soybeans will be the next one.
Now all I have to do is wait for a pullback, around 1525 preferably.
I knew an explosion was imminent, but can't predict exactly when nor the random volatility.
This happens really often to me, being so right but missing out, I wish I had the ability to just buy a call for these.
Already rich people get that option, not me.
Talk about missing out.
Well this happens all the time anyway so I'm used to it.
Still waiting for a pullback/consolidation.
Little pullback by early May hopefully.
Previous impulses take usually 1-2 months so I'd expect a top by the first half of May.
Then once it gets to ATH it could just continue, early to try to guess we will see.
But eventually I expect it to go go go of course. And americans to print print print.