Not New Lows..Higher Lows

With some exceptions the commodities and related indexes are not making new lows with all the news media hype. In fact they are correcting to higher lows which is very important if one believes we are still in a demand based bull market. As the last in first out money leaves this space the smart money is buying in at higher prices...

With the current fast markets in all commodities look for more hedge funds to collapse.

If you are on a board of directors for a pension fund or a trustee of an endowment and are in charge of asset allocations and have a material amount of money in hedge funds you could be setting yourself up to be sued. It is probable most will try to cut their underperformed "investments" in this space...it will take a year or more to get what is left of your money.

Barkly seen here relaxing in the ever increasingly early October afternoon sunset....