I would imagine Israel might be a bit worried about this too.

The Really Useless Thread

Does that mean America will stop bombing brown ppl in ME? Edit should add UK to that

The Really Useless Thread

Didn't know you could even do that - their help desk is pretty good have you tried them.

The Really Useless Thread

IGMarkets have pretty good spreads.

The Really Useless Thread

You still keen on sugar Mike. Harvest has been good in US(priced in??) but lousy in EU so more demand from Europe - COTS seem to support it. Is this another 'bullish' descending triangle I wonder lol - Tony?? image

MPB Journal

Ok I'm getting bored watching this one but might be getting closer. image

Silent Service Method

Agree - It's in a bull channel atm - If it breaks lower I'm short if not I stay on the sidelines.

MPB Journal

Yeah and given it's correlation with the DOW I think a drop is overdue. image

MPB Journal

They shoulda gone with Ron Paul.

Silent Service Method

Yep next time I.m in Aus - I'm buying Mike.

MPB Journal

I'm getting abt 5 pips a day swap.

The Really Useless Thread

Have you looked at some of the crosses? image

The Really Useless Thread

I'm exhausted Me too - another one of my hangups - I like to understand how and why things work lol - Thanks again Mike.

MPB Journal

Not sure how that works for silver tho. If you own silver - why would you hedge it and push the value of your holdings down. Unless you were JPM of course.

MPB Journal

Ok, Think I'm getting it. Using the Oats example - If I imagine I am a large comm farmer and I want to get the best price for my oats. So I sell my future harvest for delivery in say 3 months, but I build that short contract over time so I am pound ...

MPB Journal

Great - thanks Mike.

MPB Journal

Think I'm missing something here - I read that to mean that the switch of the Comms from net long to net short was a signal that we were at or approaching a market top.

MPB Journal

I just looked at the link and with the oats example they were looking at the net position of the comms.

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Thought I might be over simplifying things and I definitely need to re-programme and dump my biases.

MPB Journal

Mike, re silver I can see that the managed money funds are 34,328 contracts long and 5,218 short. To me that looks like a strong buy signal or am I letting my bias get in the way again?

MPB Journal