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Confusion Continues As Spec Dollar Longs Jump, While Investors Bet On Commodity Inflation And Treasury Price Increases
Nothing makes sense anymore. At least that is the conclusion one would reach from looking at today's CFTC update (and keeping track of the market for the past two years). In today's CFTC Commitment of traders update, the most notable feature was that net non-commercial spec positions increased for the fourth week in a row as ever more dollar shorts are getting spooked that the dollar is due for a violent pullback (of course, only if the most honorable chairman allows it). Other currencies were relatively flat, with the CHF unchanged, EUR longs declining minimally, while net contracts betting on a rise in the GBP jumping to their highest level in 2010. Elsewhere, a sample of commodities (Wheat, Soybeans, Coffee and Corn) all saw a non-commercial increase W/W: expect these push-pull feedback loops to result in a surge in all food products by the time the holidays roll in. Lastly, the indicative Treasurys (2,5, 10Y) after seeing a substantial drop last week, once again resumed their move higher (the 5 and 10 Y), except for the 2 Year, which non-commercial speculators are now believing will drop. It would be funny to see a square root shaped curve: the 5 Year at 0%, while the near and long ends taper off ever higher.
Net non-commercial spec USTs:
Net non-commercial spec Commodities:
Net non-commercial spec FX:
And here is the traditional CFTC report courtesy of Libanman futures.
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This could get very fun, very quickly. Because someone is going to be spectacularly wrong.
It all makes sense .... in retrospect.
It would be funny to see a square root shaped curve
LOL!
All I know is... the end is closer than we think. Even Mormon Glenn Beck is risking his reputation here on predicting THE END. FIN.
GLENN BECK WARNS OF CATASTROPHIC EVENT & NEEDING TO STOCKPILE FOOD
http://www.youtube.com/watch?v=XzsJoVyidhU
You should always be have a stash for emergency. Whatever your family needs to survive and be safe, you do not need that idiot Glen Beck telling you this.P.S.put away food your family eats on a day in and day out basis, the stuff he pushes would get old very quickly. Buy your silver/gold from the neighborhood coin guy...save yourself a lot on old Glen's spread!
My neighborhood guy is running quite low. The last time we went in, we wound up with more numismatic coins. He cut us a deal on the premium because we're regulars, but...
My neighborhood guy is low on certain products. Their will be more coming on line as the price will induce some to sell. I like US Junk myself, going in on payday with a 100$ frn did not buy much! I feel a lot better with my investments now!
You do understand that Beck has back-end deals with his advertisers, don't you? Perpetual performance bonuses tied to gross sales.
Glenn Beck's platform is already one of fear and panic, he's not "risking his reputation" at all because that's already his reputation.
P.S. Buy gold from Goldline ... because the government is going to confiscate all gold and only the most ridiculously marked up numismatics(purchased from goldline of course) will be safe from confiscation.
Jeebus help us
Maybe this is why.
http://rcsinvestments.wordpress.com/2010/10/05/is-the-dollar-a-buy-i’m-beginning-to-think-so/
@uformula ... thanks for the link
You likely see these effects still be aware that without trust, the intristic value of any fiat currency is zero. And this will ultimately happen when people start to understand that the US achieved to fuck up the whole morgage market (and no country can allow this). Short USD is the winning trade but you can count with a lot of volatility by going down the deflationary spiral until we end up with hyperinflation.
maybe it has to do with the plan of the global elite
http://geraldcelentechannel.blogspot.com/2010/11/lindsey-williams-reveals-his-source-mr.html
I see no reason to believe the dollar will strenghten against most foreign currencies until those foreign soverigns crank up their own printing presses. So far, they are doing a pretty good job of resisting. In Europe they have not forgotten past disasters....The Germans, Weimar....The French, pick one.
So, in dollars, most commodities continue to rise. Do ya think Benny cares?
This trend puts a large segment of Americans in jeopardy at the gas pump and at grocery check out....but, by yimminy we will have rising stock prices and perhaps even some large foreign inflows into stocks....all so the insider selling can continue at a torrid pace.
PMs get one out of the trap that will snap shut when equities next crash....likely about the time of QE ?! Or a 'black swan' announcement by some large oil exporters (or OPEC?) that they no longer want dollars for oil. Or, pick your own disaster scenario from the many made available by our clueless leaders.
Meanwhile Sprott just bought another 6.5 million oz of silver at a 1.5% premium over spot. Pretty tight supply when such a large purchase can't get a spot price! Comex between a rock and a RICO!
Good luck to all.
Spot makes Sprott look sma't, yet again.
He got all that Ag at, what, 25.81?
Charts
http://www.zerohedge.com/forum/99er-charts
Have a nice weekend.
USD's, non-comm specs are now smart money. A least in the short term....
Barack is in India. These disgusting Indians love to consume cow urine. Will Barack take a sip?
http://www.youtube.com/watch?v=Kx4RUBbPawg
I wonder if Barack will take Michelle on a romantic stroll along the Ganges. Talk about the cult of the dead cow....
http://www.chinasmack.com/2010/pictures/filthy-india-photos-chinese-neti...
India buys some heavy lifter .mil transport planes from Boeing. Timmy smells some new suckers that may be interested in purchasing some Sovereign debt. Take a sip / seal the deal.
India is a country where all life is sacred, except human life.
Eric Weiner, from The Geography of Bliss
The fed can't get enough money in the hands of enough people, including the shadow-banking sector, in order to stop deflation. Even if the fed handed money directly to the masses, most of the money would just go back to canceling out the debt, which shrinks the money pool. This is one problem of a debt based fiat currency. So, until the private sector gets beyond the debt that they owe, things will simply deflate causing the dollar to get stronger. The real problem is that, thanks to loan exaggerations, there seems to be more debt than currency. And simply devaluing the dollar only makes imports more expensive, including oil, which will decrease demand for these things further, including commodities. BTW, the US feeds the world because we have a food surplus unlike other countries. So, even with stronger currencies, consumers in other countries have no money to spend, regardless of price.
My long term indicators continue to warn of USD strength and EURO weakness.
http://stockmarket618.wordpress.com