Every time a new client open a Forex account with my new account manager asked if we should give them a commodity account also. Lately I say "yes". I said yes because I believe that after the next Greenback rally - this time in what is now - that we will have a serious chance to get a long a particular item.

Like my uncle - God rest his soul - used to say: "even if you do not have the best roof over your head, you have to eat. Indeed he was a little thrown back, like right under primitive, more like the convenience of lead, more than silver and gold "without bringing cuz you will not 'be able to survive the crush of a $ $ jewelry". He has a point I guess, and it is the ingenuity of the extended family got through the great depression "with a full stomach and a good shoe to everyone feet".

I do not know what the future, but I know that generally optimistic sleep better than pessimists. And while my great uncle is a character - and you never know what's going to show you when he opened the trunk of a sedan, or what has been stored behind the truck seat - I do not think hard times this time around will mean that stocks in ammunition , or lead, as he put it. The food on the other hand, as in taking a long term position trading, or investing in corn, wheat and soybeans can be a pretty good idea, in my modest opinion, the next time we see buy signals in the time frame chart higher.

I've posted monthly corn chart below where we can see the technical principles of support of resistance to progress.

Along with currencies and keeping an eye on stock indices, it looks like I’m going to have to add the grains to the watch list while I’m doing the morning call for clients. I’m still an opptimist, I’m just preparing things ahead of time…

Jay Norris
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