The Markets turn.

This is an important week in terms of Markets and market directions. What we have seen so far is a surge in commodities that came from big money entities reacting to expected inflation. Yesterday, the Grain Index hit an all time high, surpassing the 2008 high. The Continuous Commodity Index pushed through 56630, a potent resistance level. HUI, the mining index went past 440 and is reaching the resistance level of 460. Silver shot past 29 and is heading to 30. If it closes above 30 there is little resistance. Silver supplies are low again. Both, oil and gold are up, but the US Dollar is above 82 again.

What  does this add up? Some money bags are betting that deflation has run its course  and that the next trend is inflation. The action is in its early hours so p-rices could be choppy for a while.