1/29/16 was up +$0.72 and the model projects that the CME component on Friday's kill will move up between+0.60 to +0.90. The up-tend is going strong. After today there will only be nine-days before the GGGs go to cash settlement. I added four more GGGs this morning on the dip. I have now scalped out of two and letting the other two work.

Packers were able to get quite a good purchase Friday with their higher bids - 119.2% of the moving average daily purchases.

The weakness of the GGGs has closed the "Gap" to 3.75 with the GGGs premium to the component. That is a "Gap" that can easily close over the next 10-days. My bias is that the Index will move up enough to push the GGGs higher.

Best wishes,

dhm