Wednesday, August 04, 2010

TopStep Email Alert: New Record in Wheat

I've been preaching for months and months that something big was going to happen.  The internet is a great time bottle. http://www.cotlive.com/COT/Main_files/04202010W.pdf.   For you new readers the questions is, How did you know? "By following the flow of the money"  The Commitment of Traders Numbers shows the index funds are at record level and not getting out even today.  We've had a $2.00 rally and the Short Commercials just broke a new record high and scale up selling.  One must laugh,,, as a country we raise an actual SRW crop of 60,000 contracts Short Commercials were reported this week to be short 275,407 and willing to sell more?  As rough calculation 250000x10000=$2.5 Trillion loss to commercials.  Hmmm.

Alex Andresen | Owner of Advantage Futures Inc. |
785-825-5102 | alex@cotlive.com | http://www.cotlive.com/Main.htm