Thread by @hkuppy

1) The last 9 months sucked for CRBs. We suffered through CBs raising rates and convincing generalists that commodity demand would decline. We suffered through a Chinese lockdown that confirmed the bias of generalists. With the sharp reversals over the past few days…

https://twitter.com/priapusiq/status/1637913954637819904

2) I want to declare the pullback over. It has positively sucked since last summer. For those that survived and averaged down, it’s about to be another golden era for CRB longs. We’re about to have a phase-shift. Like when a solid turns to a liquid…

3) CRBs like gold that have low teen IVs are about to trade like #Bitcoin with 100 IV. Oil is going to trade like a shitcoin. Congrats for surviving this long and even adding at times. This shakeout was surreal, all based on bad data and Chinese lockdowns.

4) Where will future supply come from? No one has expanded investment over the past few years. Demand grows every year. JPOW wants to destroy demand, but he’s failing at it. All he can do is destroy banks that lent to shitcoins/VC/PE/CRE. He’s just blowing up his friends.

5) The market is sniffing out that he’s going to pause. When that happens, CRBs will scream out of control. The downside move is over. Now we buy time and continue drawing stocks. The slingshot is coming.

6) With the slingshot, JPOW has a choice; save the currency, or save his buddies. He’s gonna toss the USD into the trash heap of all mismanaged currencies. When that happens this fall, you’ll have your cue to rip every hard asset. It’s coming. The pain is over.

7) Now is just a question of how much upside you can stomach…

8) Congrats on surviving. It’s sucked. Now the fun starts…🤞🤞