Unfolding Today
Jerry Welch - InsideFutures.com - Wed Dec 05, 4:47PM CST

Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

A few minutes ago in my twice a day newsletter, Commodity Insite I posted the following observations for today. I ended the posting with the words, Go Figure.

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The CRB is 90 higher and trying to hang in there. The only drag on the widely followed index is wheat, gold, silver and a few soft or tropical markets. The CRB is doing ok in my view with the market at its best level since September 21.

Consider what is happening today:

**Cotton prices are up 100 points basis December and trading at 81,95. A close here or higher represents the 2nd highest close since mid-September.

**Soybean prices are up a meager 1 cent but that represents the highest levels since August 9.

**Palladium is at a new all time high.

**Front month live cattle should they close here or higher would be at their best levels since the final days of October.

**Crude oil is up $.80 a barrel but that is the best the market has been in nearly 3 weeks.

** Jan. soybeans are $9.13 to $9.14 up a few cents for the day and trading at a level not seen since August 9.

**On August 9, March KC wheat closed at $6.24 vs $5.98 that I am looking at right now. Go figure!


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It has been quite the week with intense volatility seen across the entire Big Four: stocks, bonds currencies and commodities. Such wild and crazy trading seldom unfolds in the holiday season. But it did this month. And expect more moving forward.


With Christmas just around the corner, check out www.commodityinsite.com. It is there you will find my two books about the history of the futures markets. One is, Back To The Futures and the other, Haunted By Markets. And look for the Special Offer to those that step up and buy Haunted By Markets.


I know of no other source regarding the history of the futures markets than the two books mentioned above. If you happen to know someone that is, "haunted by markets" it will make for a nice Christmas present.


Yesterday, the Dow fell 800 points, the yield curve inverted for the first time in a decade, the S&P was under its 200 day moving average and death cross looming large. My lean is the stocks market is going sideways to lower for the next decade. The commodity markets on the other hand are on the cusp of a demand led bull markets.


Time will tell. And the time now is 10:54 a.m. Chicago





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