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Wednesday, June 4, 2014

CHARTS OF THE DAY

One by one commodities are rolling over into the mid year correction that I've been predicting.












Now we are just waiting on oil to join the party. The one commodity that is in oversupply with shrinking demand.


6 comments:

  1. Flip Floppity Flop

    ReplyDelete
  2. So is the idea that when the commodities drop, all the stock market money will go to them and the stock market will tumble?

    ReplyDelete
    Replies
    1. I think when stocks start to top the liquidity will then begin to leak into the commodity markets. But commodities first need some kind of correction after that powerful move early this year. We should be starting that now.

      Delete
  3. Gary Oil just can't seem to get a strong sell move. It should have already sold off to under $100

    ReplyDelete
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