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Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

Follow me on twitter@commodityinsite

Over the years, there are times I publish a, News & Views column for my weekly newspaper column. And below is just a few paragraphs of what I published November 24. There was far more to that column than what is below.

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New & Views

**Worried about the gigantic bitcoin mania? You should be. As the speculative online currency surged again Thursday to a fresh record above $7,800, valuing all the bitcoins in the world at an eye-watering $130 billion, a new survey revealed that most of the ordinary Americans playing the high-risk game have absolutely no idea what they are doing. MarketWatch November 18, 2017


**Bitcoin hit a record high above $8,200 on Monday, November 20. The surge follows a dismal September in which the cryptocurrency fell to $2,900 a coin on September 15. Two years ago, the idea of buying the virtual currency even at that price was laughable. After a rapid rise in value in 2013, the cryptocurrency's value fell by more than half by mid-2015. At its lowest point, one bitcoin was equal to about $230. Business Insider 11-22-17


**Bitcoin rally may continue but is it driven more by high-school dropouts than fundamentals? No investor or serious analyst has been able to provide a fundamentals-based valuation model for bitcoin. Opinion piece by Constantin Gurdgieve, MarketWatch by Nov. 21, 2017.


**Despite JPMorgan Chase CEO Jamie Dimon's outspoken criticism on the viability of bitcoin as an investment, the bank is looking at allowing its clients to trade bitcoin futures, according to a Wall Street Journal report. 11-22-17


**You say soon there will be a futures market for bitcoin! My thoughts? "Well, my hands are shaky and my knees are weak. I can't seem to stand on my own two feet. I'm all shook up. Mm mm mm, mm, yay, yay, yay." By Jerry Welch, Commodity Insite with the help of Elvis Presley from 1956 and All Shook Up.

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If you would to see the column above in entirety or any other column I recently penned email me at commodityinsite1@gmail.com. Or, call me at 406 682 5010.

The time is Sunday, 7:25 a.m. Chicago time December 3.

This material has been prepared by a sales or trading employee or agent of Midwest Market Solutions and is, or is in the nature of, a solicitation. This material is not a research report prepared by Midwest Market Solutionss Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.


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The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Midwest Market Solutions believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice.There is no guarantee that the advice we give will result in profitable trades.



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About the author


Jerry Welch has been in the futures industry since the late 1970's and is a true veteran of the markets. He has been quoted often in Wall Street Journal and is author of Commodity Insite, one of the longest commodity futures newspaper columns in history. His weekly column has been published each week since the mid 1980's and is one of the most recognized names in the world of commodities.

Mr. Welch is also known widely as a, "so so" flyfisherman.  

His column is published by the Illinois Agri News in La Salle, Illinois, Cattle Today, in Fayette, Alabama as well as Consensus, in Kansas City, Kansas.

He can be contacted at 406.682.5010 for a view of his, "twice a day" market column that includes price forecasts and trading suggestions.

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