Who’s your valentine-Mine is silver 2/11/9
Absolutely relentless! Silver has now traded above $13.50/ounce, up from $8.50 just over 100 days ago. I will not say I told you so but read our Hi-Ho Silver report form November. We are expecting a correction any day now in gold and silver and stress that investors that have not taken advantage of the recent $5 move in silver and $240 move in gold question what they are doing missing these moves. After a correction we expect another leg higher to resume; contact us for exact strategy. Crude Oil drops on inventories and presently the path of least resistacne is lower until March gets back over $40. We remain friendly to natural gas although we may get a setback short-term. We advised clients to re-establish longs in the Loonie after yesterdays dramatic setback. We should take another run at 82 cents. May corn and beans look lower in the next few sessions; use this dip to get postioned long. The Euro $ is moving higher for now but we strongly advise fading this rally and will be issuing a special report tomorrow. The August live cattle/March feeder cattle spread is still a buy over-1000. Stay long and build a position long April and June pigs.
Tags: commodity, corn, crude oil, deflation, euro-dollar, feeder cattle, futures, gold, inflation, interest rates, lean hogs, live cattle, loss, natural gas, options, risk, silver, soybeans, spread, sugar, yield curve
