Updated Thoughts on Coffee
As a refresher, here’s some background on our evolving coffee thesis, as well as right here. Though the set-up has been somewhat technically appealing at times, we’ve correctly remained on the sidelines/bearish and have watched the product’s price decline ~20%…...
Though Such an Outcome May Not Be Imminent, Evidence Supporting Another 1929, 1937 or 1987-Style Event is Becoming Robust
As of 3/14 last week the Dow had been up 10 consecutive days. Dating back to the late 1800s there have been 35 such runs, including the most recent. In reality, the signal has only come 13x originally speaking as…...
Copper to $2?
In the chart below copper appears to be breaking down from a multi-year flag pattern formed by lines (1) and (2) this week. Line (2) represents the top end of what appears to be a historical channel, with line (3)…