Posted 5/31/2019 12:03 (#7533635) Subject: The three Ss, some positive confirmation
FWIW The adage in commodities when looking for general direction in all markets ( both up and down) is to look at the three Ss. Silver, Sugar and Soybeans. If all three are headed the same way it shouldn't be ignored. On the weeklys sugar looks like it has possibly turned a couple weeks ago. Silver looks strong (gold a little more so than silver, but silver usually lags gold at bottoms) , and I dont have to point out the soybean trade. So, it looks very possible that all three are coming out of a bottom at the same time. IMO A good sign for grains and commodities in general.