Hello all
Sorry for the delay in posting, went up North to Cairns for some business with Sugar farmers.
So whats happen since we have been away.
Astrologically We have had small negatives in the oil market but they haven't come through as I had expected which is annoying.
There is more negative aspects on the way which will force oil down, regardless of the rubbish the Russians are say $120 oil in 3 months.
In the coffee and cotton there both holding up quiet well.
I just want to make one last point as this will be the last time we will mention the fundamentals on these commodities as we are going to obtain positions.
Even tho there is a huge crop of coffee and cotton expected, the weather which we see astrologically hasn't been taken into account.
I cut this from the net which is just a tip of the iceberg.
There are widespread reports of rust on the trees and leaves, and Roya has become a big issue as well. It is possible that many Central America and Mexico producers will harvest much less Coffee next year if they are affected by this disease, and many seem to be affected. Costa Rica says the country could lose up to 30% of the crop, and Mexico expects to see a significant impact. Crops in Guatemala, Honduras, and El Salvador have also been affected, but so far crops in Nicaragua seem to show less damage. Colombia is reported to have good conditions.
Overnight News: Certified stocks are higher today and are about 2.602 million bags. The ICO composite price is now 138.90 ct/lb. Brazil should get scattered showers and storms through the weekend. Temperatures will average near to above normal. Colombia should get mostly dry conditions, and Central America and Mexico should get mostly dry conditions, but a few showers are possible in central and eastern Mexico. Temperatures should average near to above normal.
Futures were higher and turned trends up on follow through buying from news that the Chinese government auction of its Cotton stocks went poorly. Buyers there were not interested due to poor quality and relatively high prices. The news implied that demand for world Cotton can stay strong as mills in China will still import despite big import fees and taxes. USDA showed strong export sales to help the rally, and good economic data.
So as you can see at present this is being seen as a non event but once the weather and damage kick in these commodities will run.
In the metals I won't say much as they have gone no where.
Just wanted to explain my concern regarding the delivery back to Germany.
We know that by 2020 all the Gold must return to the Germans.
My concern is let assume that a delivery is due December of say a couple of tonnes of gold.
Should the Fed not have the gold then you will see both the Fed brokers and news/comments by the Fed which will be negative to gold.
Forcing price down and giving the brokers of the Fed a chance to purchase the physical on the cheap.
For those of you who want to know I have this sort of event starting in the last quarter and into 1 quarter next year.
With inflation ripe bonds will drop in price and gain in yields while the metals will come off in price.
Contrary to what many believe gold will always rise in price in a deflationary period, not inflationary.
In regards to the market many of you use ETF which is not like the futures so you need to becareful.
We said that the move up in the Nasdaq will start from the 22nd at 9.36am NYT until the 24th.
For the Astrological students this has a 6 hour give or take period so your looking for a sell off to buy in.
Please note that as professional money hasn't been put to work there absents is making this move extremely difficult to read.
Which for us is great but for the hedge funds has been a nightmare.
I have the feeling that the powers at be will want to shake the market before they run it up.
Therefore those with Nasdaq position might want to book some profits and wait till the end of the day to re-establish.
Those with option look at an opportunity.
Just a thought
Chance comes to the prepared mind
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
Sorry for the delay in posting, went up North to Cairns for some business with Sugar farmers.
So whats happen since we have been away.
Astrologically We have had small negatives in the oil market but they haven't come through as I had expected which is annoying.
There is more negative aspects on the way which will force oil down, regardless of the rubbish the Russians are say $120 oil in 3 months.
In the coffee and cotton there both holding up quiet well.
I just want to make one last point as this will be the last time we will mention the fundamentals on these commodities as we are going to obtain positions.
Even tho there is a huge crop of coffee and cotton expected, the weather which we see astrologically hasn't been taken into account.
I cut this from the net which is just a tip of the iceberg.
There are widespread reports of rust on the trees and leaves, and Roya has become a big issue as well. It is possible that many Central America and Mexico producers will harvest much less Coffee next year if they are affected by this disease, and many seem to be affected. Costa Rica says the country could lose up to 30% of the crop, and Mexico expects to see a significant impact. Crops in Guatemala, Honduras, and El Salvador have also been affected, but so far crops in Nicaragua seem to show less damage. Colombia is reported to have good conditions.
Overnight News: Certified stocks are higher today and are about 2.602 million bags. The ICO composite price is now 138.90 ct/lb. Brazil should get scattered showers and storms through the weekend. Temperatures will average near to above normal. Colombia should get mostly dry conditions, and Central America and Mexico should get mostly dry conditions, but a few showers are possible in central and eastern Mexico. Temperatures should average near to above normal.
Futures were higher and turned trends up on follow through buying from news that the Chinese government auction of its Cotton stocks went poorly. Buyers there were not interested due to poor quality and relatively high prices. The news implied that demand for world Cotton can stay strong as mills in China will still import despite big import fees and taxes. USDA showed strong export sales to help the rally, and good economic data.
So as you can see at present this is being seen as a non event but once the weather and damage kick in these commodities will run.
In the metals I won't say much as they have gone no where.
Just wanted to explain my concern regarding the delivery back to Germany.
We know that by 2020 all the Gold must return to the Germans.
My concern is let assume that a delivery is due December of say a couple of tonnes of gold.
Should the Fed not have the gold then you will see both the Fed brokers and news/comments by the Fed which will be negative to gold.
Forcing price down and giving the brokers of the Fed a chance to purchase the physical on the cheap.
For those of you who want to know I have this sort of event starting in the last quarter and into 1 quarter next year.
With inflation ripe bonds will drop in price and gain in yields while the metals will come off in price.
Contrary to what many believe gold will always rise in price in a deflationary period, not inflationary.
In regards to the market many of you use ETF which is not like the futures so you need to becareful.
We said that the move up in the Nasdaq will start from the 22nd at 9.36am NYT until the 24th.
For the Astrological students this has a 6 hour give or take period so your looking for a sell off to buy in.
Please note that as professional money hasn't been put to work there absents is making this move extremely difficult to read.
Which for us is great but for the hedge funds has been a nightmare.
I have the feeling that the powers at be will want to shake the market before they run it up.
Therefore those with Nasdaq position might want to book some profits and wait till the end of the day to re-establish.
Those with option look at an opportunity.
Just a thought
Chance comes to the prepared mind
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
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