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SOFT COMMODITIES ON THE RAMPAGE
Sugar - The theme of soft commodities was one we just discussed in the August edition of our Global Resources Alert. It seems that the rally in crude oil, which traded above $71 per barrel on Monday, is once again settin...
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START UP THE CYLINDERS - READY TO FIRE!
Economy - It's going to be a busy week for economic data and current news is likely to be put under the microscope more than usual in light of the rebound in economic fortunes. With the S&P 500 index accelera...
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COMMODITY ROUND-UP
Gold - Both investment demand and jewelry demand will send the price of spot gold through $1,000 per ounce, so says the World Gold Council. Well what else should you expect them to say? They’re an industry advocate! According t...
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CHINA BACK IN FOCUS
It took a 5% slide in China’s benchmark Shanghai Composite index to drive a stake through the heart of other worldwide equity markets. Investors fear that the Chinese government is growing concerned over a near...
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BUDDING ANTI-DOLLAR SENTIMENT CREATES IDEAL GROUND FOR RALLY IN THE GREENBACK
US dollar - Weakness in equity index futures even before the opening bell had rung at the New York Stock Exchange on Tuesday was sending the doomsters and nay-sayers wag...
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TOO MUCH RAIN AND NOT ENOUGH SUN
Corn and soybeans - It never rains but it pours goes the old maxim. It's certainly not our idea of a great summer vacation, but as we spelled out in Monday's Daily Jurojin, it certainly can make for swell cond...
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PARSING THE COMMODITY MOVERS
Commodities- Logic Advisors of Upper Saddle River, New Jersey, predicted in a Bloomberg news interview last Friday that commodity prices might rally a further 12% during 2009 courtesy of a breach of the 50-day mov...
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Obama high
Stocks – Thursday was just the ticket for equity market bulls with the Nasdaq technology index celebrating its longest bull streak in 17 years and the S&P 500 index accelerating away from the peak it reached at the start ...
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GOLDILOCKS FOR GOLD
Gold - As Fed chairman Bernanke tried to convince Congress that interest rates can stay low for an extended period of time, bond yields eased significantly as money traders worked out that they can now play the curve once again throug...
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DOLLAR REBOUNDS AS BONDS TAKE BERNANKE'S CAUTIOUS CUE
Cotton - We can't tell you we saw it coming, but Tuesday's pullback in cotton prices was inevitable. A recent USDA crop report showing copious planting by farmers in staple corn and wheat crops in the...
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BERNANKE'S TAKE ON THE RECOVERY
Chairman of the Fed, Ben Bernanke will sit down on Capitol Hill Tuesday morning and tell lawmakers how he sees the economy to play out over the next six months or so. It's a big event as the chairman at the world's most po...
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RISING EUROPEAN YIELDS
MIGHT MEAN TIME TO BUY BUNDS
A whole new trading week gets underway today with bond traders hoping their fortunes might change. Bond market sentiment turned gloomy as corporate earnings created a spark that ignited the equity mar...
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CHINESE COPPER BUILD-UP IN FOCUS
A recent report from analysts at Goldman Sachs told clients that the recent pullback in commodity prices was a gimme - at least on a 12-month view. It was a perfect time to get long certain commodities including oil, copp...
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COMMODITY BULLS FIND SUMMER SUN AT LAST
Wednesday's price action was just the tonic that may well yet bring investors right back into the market over the rest of the summer. A late June malaise was brought on by fears that the economy was lunging right b...
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DOWN WITH CAPITALISM!
Not our words, but the tone of fellow-commodity trader, Jim Rogers when he spoke to the BBC in London earlier this week. He lambasted the Obama administration and especially the role of treasury secretary, Timothy Geithner, who acco...
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CURRENCY CIRCUIT BREAKERS
Monday's stock market rally developed after the analyst that taunted financial bears on the way down picked Goldman Sachs up by the nose ring instilling confidence across the sector. Meredith Whitney, who quit her day job to set...
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Made in China
There was very little drama resulting from the conclusion of the G8 meeting in Italy as leaders bid "ciao" to the earthquake town of L'Aquila on Friday. Some analysts had high hopes for a resuscitation of discussion over a replace...
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Getting Messy
Wednesday was an ugly day for the markets at least. After several days of constant fretting about the health of the global recovery and worries over the prospects of corporate earnings, something finally gave way. But it wasn't the most lik...
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Sometimes Ya Just Don't Need a Reason!
We chose the topic in yesterday's little lecture about how peaks in crude oil prices seem to be accompanied by events that one might deem, well, let's just say suspicious.
On Tuesday commodity prices fell ...
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Crude Logic
Investors lost sight of the need for crude oil as a hedge against a weakening dollar on Monday with investors taking more seriously the prospect that global energy consumption might yet grind to a halt if the recovery flounders. Crude oil pri...
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