This a.m. we’ll step into Bullwinkle’s “WAY BACK MACHINE”.
The last time we had this type of unrest in the Mideast oil spiked over
$40/bbl from the teens in 1990. By comparison this was a negligible blip.
The last thing you want to do this a.m. is to sell stock weakness and buy Bond strength early.
Copper has come down to a pivotal level around 436. Silver hit it’s max upside tgt.
The grains are not acting like the end of the world is near. March Crude expires today.
If you take away nothing else from the past 2 days of price action in commodities it is that you can not
fully realize opportunity without a futures account.
