Posted 5/20/2015 10:19 (#4581564 - in reply to #4581491) Subject: Its NOT Just Grains.....
Buxton ND
Tara's comment
"long only Index funds bought like crazy in all commodities"
Now back in the 1970 we did not have Index Funds, but we had spec money just the same came to play, made some money then learned commodities weren't all that much fun to play when they head south. A new generation of traders are learning this right now***** Kinda comes back to my Gramma comment "How many times are you gonna get burnt playing with fire til you finally listen to Gramma"
CRUDE
"Open Interest for WTI CL has declined 9 consecutive days.. total 9% for the period ... $$ coming off the table"
$$ coming off the table or my "We've Leaving" applies to crude also, and HAS BEEN for months so "Its NOT Just Grains.....) Its all commodities in general and when I say I DO NOT expect crude $80-100 anything some I'm comparing it to many other markets. This money leaving has way more to do with crude then anything whatever the Saudi's say.
Lines are cool, but market structure rules
