the final Purchase Index will be late.

From the afternoon reports on Tuesday, it appeared the component on Tuesday's kill will be down again. The GGGs settled at a premium of premium of +13.87 to the component. The model calculates that the component will need to gain an average of +0.44 per day to close that "Gap". That sounds like a tall order to me so I don't want to be long the GGG right now.

Best wishes,

Doc