Unfortunately, we were unable to publish Monday due to the death of my main Mac. It looks like we'll be evaluating our tech shortly as I'm already frustrated from working on this laptop all week.
Anyway, we were able to publish a Gold Sell Signal at $1,300 on Tuesday for Equities.com. This was a follow up to our, Gold, Silver, Platinum and Copper Outlook from last week. There are two points to be made here. First, the discretionary COT Signals nailed the turn downward in the metals markets. Secondly, the gold-platinum spread has COLLAPSED. We watched platinum fall to a $50 per ounce discount to gold during yesterday's trade. We still believe that fundamentally, an ounce of platinum is worth more than an ounce of gold.
The main focus of our research this week has been the soybean market. There has been a measurable shift in commercial soybean trader behavior over the last several years as Brazilian soybean production has exploded. We explain what it looks like now, ahead of the Brazilian harvest in our Pre-Planting Soybean Outlook.
Coincidentally, David Hightower just published a special report on the soybean market. We've posted his analysis to our site, here. Their take suggests that the late winter, early spring rally our analysis focuses on may be missing the bigger picture; the summer post-planting sell off.
