I do not see much to do this a.m.

Let the day unfold.

The Silver needs price action over last night’s high to show new strength while Gold keeps rejecting 1378.

The March Soybeans are back to the 1350-60 level. This is an important hold area if the Beans are going to lead the Grains for a while. The Beans have been leading this last leg up in the grains not the Wheat.

Parity in the, Aussie give or take 20 points, is the area to monitor for any upside price action.

TBT….30 yr. Futures….We are down to a 40% short position in the futures ( Long TBT). We will patiently wait to go 100% short again…

Short term traders….Trade the 3 point range with an eye on the Spu/Bond spread for which side of the market

to favor.