Fair enough Deadarm - it's a very interesting situation at the moment - my 'problem' is trying to work out what risk on actually means - imho, at least some of the run in commodities over the past few years has been down to fundamentally being 'stuff' that can't be created out of thin air (unlike money) and it's the lack of faith in currency - all currency - behind some commodities being stockpiled, future sold, horded and causing price overshoots in different commodities at different times.
So if global risk is back on, will this in actual fact cause some support to be removed from commodities and prices to fall as a result even though theoretically it should be the opposite? An interesting paradox I can't quite get my head around yet.
In the mean time, some really good VMS trading recently in volatile times - as per Bigmac above, each trade lowering the average price for my core holding.
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