Here's what it looks like ...
On Thursday of last week I recommended you position for a significant turn lower in commodities prices. Below is a chart update on the relevant commodities and current open positions.
If you were not already aware, comments yesterday from Ben Bernanke suggested the Federal Reserve would consider revisiting QE if the US unemployment situation proves to be structurally flawed. Investors jumped all over that since comments from Bernanke earlier in the year were unclear about the Fed's future QE initiatives. Needless to say, new QE is likely to boost risk appetite and risk assets over a sustained period of time. There is certainly a chance his comments could roil your current positions. For now, maintain all orders as originally recommended. I will be watching closely key levels that would warrant a change in direction and positioning.
No new recommendations or adjustments at this time.