November 14, 2023

 As recently noted in “Dumb as a doorknob” in having predicted, and then missed, the Cattle Market Collapse, I will not do the same with the trades recommended here...which all, I believe, have the same sort of potential.

As I previously wrote, per Alan Greenspan, don't waste your time figuring out what moves the currencies. NOBODY knows. And you can bet that any opinion you might get here in America might be dead opposite what is being thought on the other side of the globe in Asia. And while I do have my reasons why I think the Yen is primed to rally, the bottom line here is that it is about as deep in the hole as anything ever gets...and a 10-12 point rally, I believe, would be nothing from here...

Let Wall Street yap all they want about “landings,” “Recession coming,” “consumers running out of gas,” “too much debt,” etc…I continue to think the Economy, Stocks and Treasury Bonds are all headed north…and that furthermore, NEW ALL TIME HIGHS IN STOCKS STILL REMAIN A POSSIBILITY BY YEAR END…and in my mind, almost certainly before we get to Spring.

Same as the Stock Market, I know I’ll get no takers on the Bond market but here’s the current look anyway…Lots of ways to do this…And believe me, I DO think they are about to do something like I have drawn it here.

And in spite of having been wrong about the recent sell off in Cotton, I still consider this as my strong proxy for expanding USA and World Economies…and STILL am looking for at least the 110 area in the March contract.

And…my nemesis…Soybeans

While I continue to see Soybeans as having formed a major top during the past two years, I have to respect the fact that we are now back on the daily chart contract highs...with weather problems in Argentina and Brazil all over the ag market news. Even though I remain absolutely convinced that a move down under $10.00 is coming...and considering what I believe to be the high probability and high leverage in my other current recommendations, I am going to lay low here until I see some renewed (and hopefully not false) sign of a failure...Keeping in mind all the bullish airplay we're seeing vis a vis South American weather, I would see it as EXTREMELY BEARISH if we don't quickly come out of here on the upside...and even more so if this contract were to now fall through the 1350 area...And if that does happen, I will once again be all over the short side. But at any rate, right now, I’m done…So, yeah. Here's the white towel guys.

There ARE some great, high potential trades here. And the idea that I especially like, is buying “units” of one option each in Cocoa, Cotton, Japanese Yen and Treasury Bonds, totaling out at about $5300…And I don’t say that just to drum up more dollars…Go back to each of these trades and look at the potential dollar gains (and my estimates are very real possibilities…based on how the markets move over and over and over) and then do the math as to how you come out if I am totally wrong, in which case you lose the entire $5300…Or what the result is if I get just one of them right…or two…or all of them to some degree…And the truth is, I DO think they ALL will work…which certainly doesn’t mean they will…but most of you reading this have followed my stuff for years/decades and should know that sometimes I get this shit dead on right…and then BIG good things DO happen….And quite honestly, the Soybean market has put me through the ringer…for several years now…which does, after having the shit kicked out of me, believe it or not, get me sharpened up to “read” what highly probably BIG moves ARE about to happen in other markets. And that is where I think we are now. And I mean right now. Get on board. Call me. You know that at least a few of these trades speak for themselves…And yeah, one more time…A few, or all of them, could be that Cattle market again.

As always…telling it like it is.

Come on…Pick up the damn phone.

Thanks,

B

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All option prices in this newsletter include all fees and commissions. All charts, unless otherwise noted, are by Aspen Graphics and CRB.

 The author of this piece currently trades for his own account and has a financial interest in the following derivative products mentioned within: all of them