Silly day Continues

On a day when secondary markets,or the less traded markets are acting a bit more irrational then normal good ole wheat may take the cake. 2 minute chart of wheat below,look at volume when it broke above yesterdays highs of 505’2 it appears some stops were triggered? or some other type of shenanigans..Rumor on the BBG chat that China may lower Import tax for Commodities,Sound like a Friday Summer special to me . Corn +1.7%,Soy +2.6%.Cotton +1.9% and Hogs +2%

Silver having an impressive week up some 4.5% or so today’s ATR is almost double the 10 day average,A bit of profit taking maybe.Lumber Limit bid as B.C. producers continue to halt production ,AS I mentioned earlier today eventually it may keep prices elevated but to this point not much luck,Maybe Zero production is needed. lastly Der Spiegel Story that ECB will restart QE in November,when does Lagarde take over ?

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