Riders on the storm
Into this house we're born
Into this world we're thrown
--The Doors
Commodity baskets appear to be firming. Yes, geopolitical tensions in Iraq and elsewhere are boosting the oil complex, but many other commodities, such as gold and silver, appear to be gathering technical strength as well.
Am keeping my eye on some commodity ETFs as proxies. Many are challenging multi-year downtrends. If they break through with authority, then commodity bulls will be riding point.
position in DBC
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
1 comment:
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem. Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness. Super Bowl, World Series - they don't know what pressure is. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?
~Trading Places, 1983
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