FED & ECB Central Banking Cartels Living on Fantasy Island. I urge you to look at July 2014 – same pattern. I expect the same kind of result. By Todd Horwitz, Bubba Trading

 

We are still extremely bullish the grain and ags markets. This is where you should take the opportunity when things don’t make sense and they whack them for no reason. That’s usually a buying opportunity.
Gold caught me by surprise on Friday – out of nowhere, gold got clobbered. Gold is in trouble now.

The crooks from OPEC are getting together again. We are not dependent on Middle Eastern oil, we have our own oil. It remains in backwardation, it means there’s a lot more room on the downside. I urge you to look at July 2014 – same pattern. I expect the same kind of result. I expect oil to go dramatically lower.

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.