Commodity Crack-up

I guess SEAL Team Six went directly from Bin Laden's hide-out to the commodity exchange and brought its signature lethality.

If you want to know what happens when the "shoeshine boy" is in the trade, look at these charts.

Silver, Nat Gas, Oil, Australian Dollar

If I had a dog as ugly as those charts, I'd shave its rear and walk it backwards.

This is what happens when AM radio (the modern 'shoeshine boy') confuses printing with borrowing and inflation with leverage and everyone is on the same side of the trade.  More selling is coming and volitility is going to be going up from here.

Enjoy.