This is a short paragraph from today's Casey's daily resource. I think VMS wants to be ready.
This historic commodity sell off (spec long liquidation on the Comex/CME) has plumbed new depths. At today's prices, there are virtually no metals that can be mined without losing big money on every ounce or pound that's dug out of the ground. This can't last...and won't. It's only the timing of the turnaround that is hard to know. However, just about every technical indicator that I've seen this week, shows that we are more oversold now than at any point in decades...if not longer. Oversold (and overbought) conditions at historic extremes such as these have only lasted for a very brief period of time...then reversed violently. Let's see if that scenario is in the cards this time.