lightning in a jar
market vibes
January 28…)
In the news
VLCC rates are very high as the US Navy moves into position and Trump warns Iran. The press is noting global oil discoveries are lagging consumption (low prices) but then again I think, we have Venezuela.
FERN is shutting in US oil gas: Op-eds focus on grid reliability as the PJM hits sticker shock prices.
Just to remind you the earth is still turning, DB was raided for money laundering and AT&T beats on earnings. Jim Steel says gold is up on “geopolitical tensions”. Thanks Jim.Jim.
Seattle is breaking out:
In the markets
It takes some pretty big onions to go long silver up here but that’s why we pay systematic CTAs to trade for us… big trend followers like Graham and Campbell have been long since the bottom and carrying a full boat all the way up: if the system wants more silver it buys it. As the old saying goes, “it’s better to know someone smart than to be smart” and nothing is smarter in a trend than a time-tested trend follower.
The standard 5000 toz silver contract is levitating in the thinnest of atmospheric conditions this morning. The flickering of the silver ladder trades more like NDX futures than a commodity which, if you have ever tried to mouse click a trade on NDX is like trying to catch lightning in a jar. The only way in and out now is a limit and a prayer. God help us when the stops get hit.
The Comex micro silver 1000 toz contract is totally out of hand…
