Martin Pring calls top in commodities

[wayneL]

Wayne I look forward to listening to these - maybe on the weekend - unless of course the wheels fall off before then. Also (a personal problem) lately between the kids and I Ive been going through a fair bit of usage allowance (almost 1GB in a week) - so gotta take it easy. Can I afford to watch it ? Can I afford NOT to watch it ? Will I understand it? or will it go straight over my head like the last one ??!? these are the sorts of questions constantly nagging at my brain

PS Thanks for all the hard work finding all this stuff.
PPS I also need a new dart board - the other one's worn out. And now sheesh the monkey's gone on strike! :hide:
2020
____________
Man who never made a mistake never made anything.

hehe funny guy!

Well it's like this. If commodities tank, Prings video will be looked upon as a timely trading signal, generously shared by a true market guru for the greater good of all.

If they don't, he'll just be another bozo chartist with a stinkin' oscillator that doesn't work.

Give the monkey a few more bananas would be my advise

 

[swingstar]

Not a Friday, but DJC has dropped below 166 today, down to 162.

 

[rederob]

hehe funny guy!

Well it's like this. If commodities tank, Prings video will be looked upon as a timely trading signal, generously shared by a true market guru for the greater good of all.

If they don't, he'll just be another bozo chartist with a stinkin' oscillator that doesn't work.

Give the monkey a few more bananas would be my advise

With bananas at $10 a kilo and peanuts no better, I reckon we just throw rocks.
The major change since the last post here is that metal markets have tightened and prices continue to rise, albeit slightly.
Pring will be sent to sin bin for this unruly, ill-timed and grossly erroneous forecast!

 

[YOUNG_TRADER]

With bananas at $10 a kilo and peanuts no better, I reckon we just throw rocks.

lol, I'll try that next time I'm at the Zoo

 

[rederob]

I think the Pring thing is a ding aling.
Dead
Caput
Trot it out again some time in 2007 and see how it goes.

 

[wayneL]

I think the Pring thing is a ding aling.
Dead
Caput
Trot it out again some time in 2007 and see how it goes.

ROFL

Not when you look beyond the narrow self interested confines of base metals.

The Index Pring was analyzing was the CRB cash commodity index. If you have a look at that index, you will see it was a great call. Not even the stellar run on grains has been able to boot it back into an uptrend.

Pring will be feeling smug right about now.

However, I should point out Pring works on longer time frames than a few weeks.

LOL

 

[rederob]

Pring's charts were of the "Spot Raw Industrials" and "CRB Composite".
It seems there are many versions of CRB charts, and frankly I am no expert.
So attached are 2 charts, plus CRB data for this calendar year.
None of these data suggest Pring's call was on the money.