Silversettofollowgoldtoall-timehighs

Meantime,silverhasralliedbacktothe$18perounceareaanewhighfortheyear,butstill$4perouncebelowitsall-timehighof$22fromFebruary2008。

However,thewaythesemarketsaretradingnow,itsprobablyonlyamatteroftimebeforesilvergetsbackuptothoseall-timehighs。

Fornow,bothgoldandsilverlookverystrong。

Letstakeaquicklookatfewothercommoditiesmakinglargemoveslately

Cornbottomsoutandisreadyforaweather-inducedrun

Thecornmarkethasfinallycomeoffthelowsthatitscarvedoutsincethehighsof2008。

Pricesbottomedoutafewweeksagojustabovethe$3perbushellevelandhavesincemovedupnear$3。

73perounce。

Withcolder,wetterweathersweepingthroughthecornbeltsoftheMidwestandhamperingtheharvest,thefocushasshiftedtowhetherthecropsizewillbeaslargeaspredicted。

LookforDecember2009cornfuturestorallyupto$3。

90perbushelasthenextmove。

Atug-of-warinthenaturalgasmarket

Despiteitscontinuedspellinthedoldrums,Iveheldabullishoutlookonnaturalgasforquitesometimeanditcouldfinallybecomingtofruition。

Withthelargestorageofundergroundsuppliesstillswampingthemarket,itseemsthatallthefundamentalnewshasnowbeenpricedinandtradersarefocusingonthecoldwinterahead。

Thishasprovidedtheimpetusfornaturalgastofinallymoveoffthelowsithasloggedsincethehighsof2008。

Afterbottomingnear$3。

500perMMB/tujustafewweeksago,naturalgashastackedonanimpressive1,500points($1。

500)torallybackuptolevelslastseeninearlyAugust。

Withshort-termresistancejustahead(atthe$5。

000perMMB/tumark),wecouldseeeitheraslightpullback,oraneutralmoveoverthenextfewweeks。

Thebullsandbearsarecurrentlywagingatug-of-war,withbearsstillcitingthelargesuppliesforafallinprice,whilebullsbelievewintercoulddepletethereserves。

Lastly,wemovetothesugarmarket

Sugarsettodropanddropbig

IprofiledsugarasapotentialshortingopportunitybackinlateAugust。

Atthetime,ithadcarvedouthighsnotseeninover28years,duetosupplyconcernsintwooftheworldsbiggestsugar-producingnationsBrazilandIndia。

Aswithanymarketmakingnewhighsorlows,therecomesapointwhereallthefundamentaldatagetsfactoredintothemarket。

Itsthenaquestionofhowlongcanthosepriceshold。

Forsugar,Ibelievethetimehascertainlycomeforthemarkettodropanddropbig。

Infact,theMarch2010sugarfuturesthemostactivelytradedcontracthavealreadystartedtocrack。

Ifyouwanttoplaythedownside,youcouldbuylimited-riskput-optioncontractsfortheMarch2010orMay2010expirationperiods。