Well played.Originally Posted by Daly
I thought it would have to consolidate for a while. With gold that could take years (wink).
On the fundamental side, I am aware Russia & China are accumulating gold in a big way.
But the chart answers the questions without words. Nice work.
You know that by some measures we are the #2 economy now. That is incredible and part of the mix in terms of currency.
Short term, the money will return to the market. There is no place else to go.
Broken clock right twice a dayWell played.
I thought it would have to consolidate for a while. With gold that could take years (wink).
On the fundamental side, I am aware Russia & China are accumulating gold in a big way.
But the chart answers the questions without words. Nice work.
You know that by some measures we are the #2 economy now. That is incredible and part of the mix in terms of currency.
Short term, the money will return to the market. There is no place else to go.
If $IAG can just get to $4.22 today I would be absolutely thrilled. This is where the party starts.
caveat, not an investment advisor and you could get fucked on this one...if you had a little money burning a hole in your pocket and had availability to buy futures, i'd wait for a little pullback in SEP futures to somewhere in the 440-445 range or DEC in the 450-455 range with a stop 20 cents lower...i sold puts before the last USDA report and those have gone right in my favor...waiting for that pullback to sell some more...
honestly at this point i don't know if a big supply number (aka the size of the crop) can happen...the supply/demand of corn is gonna have to be balanced by demand destruction so i believe we're gonna have to find a price where that happens...errrrrrrrrrrbody likes round numbers so im guessing that happens somewhere in the $5+ range...
think this shit could hurt businesses that derive a nice chunk of their revenues from fertilizer...lotta farmers have a lotta acres under water and aint gonna plant 'em so they're not gonna need to fertilize fields this year...
just know that this trade comes with some risks...mother nature can be a fickle lady...there's a decent probability is that this is gonna be a rough crop since it has started off way behind (tough to play catch up with mother nature) and price is gonna have to get to a point where the ethanol guys, hog/cow guys, and other countries are like 'fuck this' and stop buying, but think at this point we still have a ways to go...
EDIT: and if you do this don't fucking get greedy thinking price is gonna go up and up and up and up...i was on a grains desk for 2 years and my idiot boss thought that corn was gonna go to like $10/bushel (think this woulda been in like mid 2010) and positioned himself for that fact...well at a certain price those guys mentioned above aint gonna buy corn...they'll cull hurds, stop crushing corn for ethanol, or foreign entities will just stop buying...this is where you thank mother nature for the cool/wet spring and for the 30-40 cents a bushel and move on...
So what’s happened with this? Still time to jump in or should I avoid ?
AVOID IT LIKE THE PLAGUE....
So what’s happened with this? Still time to jump in or should I avoid ?
got lucky and covered my short puts as the market started to shit itself...
china basically said a couple of days ago that it wouldn't import US ag products because of all this trade war shit...that's fucking huge since they are the largest consumer/importer of both corn and beans...so now even if the crop is smaller due to the late planting, the demand side is now kinda fucked...my thesis was that the demand side would need to get rationed with higher prices due to the potential smaller crop...demand has now been rationed or is in the process of being rationed...
wouldn't get in the way of the Chinese on this, even if it is just them posturing...they are stubborn mother fuckers if they think they're getting fucked with...and boy do they think trump is fucking with them...
One minute immsaying please clear $4.22. The next they restating how much yield they going to get and the stock is down 15%.
For all the good luck I have with betting I always get crushed with stocks.
The big casino is eliminating rake from their games
Brokerage stocks are getting destroyed. Short NY strip clubsCharles Schwab (SCHW) sent shock waves through the online broker space on Tuesday, announcing that, effective Oct. 7, it would eliminate commissions for stocks, exchange-traded funds (ETFs) and options listed on U.S. and Canadian exchanges.
Robinhood kids.
The element of shenanigans just ratcheted up, of course.
Edit
Ex: The millennial strapped in behind his Ameritrade cockpit mashing buttons ...just generating order flow that ends up getting sold
Last edited by Sanlmar; 10-01-2019 at 10:59 AM.
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