Commodities Update

Still time left to go in the day and the week for that matter BUT as things stand now it continues to amaze with the S&P above where it opened last Sunday night. In essence unchanged or even positive to the original reaction to the reality of the SHUTDOWN SHOWDOWN.

Trust the tape, news is noise and opinions are often expensive. Most important to predict market action not political or event outcom.e

Bonds at 133 not going ANYWHERE, Dollar below 80 not flight to safety can only be viewed as optimism.

Gold back above $1300 weekly pivot, Feb $1350/$1400 call spread about $1600 max value $5000 on 6% rally with 4 months for development

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Alan Knuckman can be followed on Twitter at twitter.com/AlBk2Comodities

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