Commodity / Tech Plunge

[Rareearth]

And that’s why China and the world importers are buying every day. Bets are on for round 2, they don’t want to have empty shelves this time, and politically that would be disastrous.

[errolanderson]

USD up sharply this morning, equities tumble pressuring CAD/metals.

Grains holding together well so far considering pressure in outside markets.

Crude oil may have a rough morning. Definately, a pickup in market volatilty.

[errolanderson]

And that’s why China and the world importers are buying every day. Bets are on for round 2, they don’t want to have empty shelves this time, and politically that would be disastrous.

Rareearth, believe you may be exactly right. China may be buying aggressively for round 2 COVID. But China is known to buy, buy, buy, . . . then stop, stop stop.

[bucket]

Rareearth, believe you may be exactly right. China may be buying aggressively for round 2 COVID. But China is known to buy, buy, buy, . . . then stop, stop stop.

errol ....a question....should we all buy puts for 5 dollar canola and $3 wheat? If its all going to shit the bed...

[Rareearth]

China is famous for two things:
1. Buying
2. Canceling

[Rareearth]

I predict they are going to way over commit (buy) so they are covered, buy at lowest possible price through using futures and options markets, other origin purchasing (South America) then the wave of cancellations. Really depends on south America crop size, quality etc

[bucket]

Does it matter if Trump keeps throwing money at the farmer?

Will they care if the Chinese cancel?

If you are an american farmer that sold his soybeans and got the grain cheque and then additional money from the government.....do you care if the chinese cancel????

There were good prices for new crop 2021 soybeans....plus those subsidies won't end....they value farmers in the states...easiest way to move money through an economy is farmers.....cars trucks equipment etc....

If they are selling the railways stay busy....and you guys know who owns the railways....

[Rareearth]

The Chinese always cancel sales!
It’s just a matter of how many cancellations and when, ( wouldn’t be surprised if they are consecutive daily, plugging and disrupting terminal like inland logistics, barges, etc) that’s what they always do, it just might have a bigger impact this year???

[errolanderson]

USD now breaking longterm downtrend . . . triggering domino impact. Cdn dollar breaking below 75 cents today . . . precious metals getting smoked. Oct gold now approaching key support of $1,840 per oz.

Investor complacency will be tested, VIX volatility expected to climb . . . .

[biglentil]

Pretty much sums up Trudeau's strategy.