Downside Risk for Commodities

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This is going to be quick, because I have camp-ish things to do (archery among them!) but I wanted to throw out some bear porn as to potential medium-term direction of the charts below. The sad fact of the matter is that if I had simply put on my short positions in early April and spent the next three months yodeling on a rooftop, my profits would be substantially higher than they are now. Such is the case of a downtrend.

Tomorrow's a big day, with another stupid summit kicking off as well as the Supreme Court decision on healthcare. Strap in.

0627-dbc

0627-eem

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