Comments from the cowside on inflation...

I keep selling/hedged Cattle as it going higher, lose on futures and hedges make up loses and then some.
Sold April Live Cattle again today, eventually highs going to happen.

 

We're almost at the top.

 

So if that white/gray squiggly line goes above that straight blue line, would you change your answer re the top and conclude we are going higher schizo?

Thanks!

 

Of course. Why would I not?

 

No reason, I just know very little about technical analysis, trying to learn. Now lets see where that squiggly line goes!!!

Thanks.

 

Time to take money off the table. Unless it breaks below the lower trendline, I reckon this can head back up.

 

Eeeek, you didn't notice that we rolled to June? Last trade on June was 156.100