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The protests and social unrest in Egypt have provided an additional tailwind to crude prices over the past week (and we should note that crude had already rallied to two-year highs before the demonstrations began). Even before the hysterics began in Egypt, the trend in oil was UP. (Source: StockCharts.com) Walk (and Protest) Like an Egyptian […]
Read my full article How to Play the Uranium Breakout at Hard Assets Investor. It’s a bull market in uranium—again! Uranium’s price was “in the tank” for the longest time, thanks to the massive supply provided by retired Cold War nuclear weapons. That supply started to exhaust early in the last decade, which prompted a uranium […]
Jim Rogers, a fervent agricultural bull since he launched the Rogers International Commodity Index in 1998, recently cited rice as his favorite grain. He told MoneyNews: “If rice goes down, I will buy more rice. Rice has a great future for the next few years.” When Jim casually name-drops a commodity—especially a grain—it’s usually advisable to […]
Most bullish commodity cases offer the seemingly irrefutable argument of “China” as a driver of higher prices in the weeks, months and years ahead. The logic is sound—demand for [Insert Commodity X here] is growing like gangbusters, and this trend will not only continue, but is likely to accelerate as China becomes a net importer […]
Quietly, Chinese stocks continue to slide, now down 12% for the year to date. Since China had announced its plans to target inflation, the Shanghai Index has taken it on the chin: Chinese stocks quickly retraced a portion of their 2008 losses – and then slowly faded. (Source: StockCharts.com) Regular readers know that we like […]
Over the longer haul, many of us believe that oil is heading higher. If you subscribe to the peak oil theory, or at least some derivation of it, this trend is basically regarded as fact. But for the shorter term, oil may be due for some degree of pullback. Speculative longs on the black goo […]
Check out the chart of uranium stalwart Cameco – can you spot the trend? Source: StockCharts.com And backing it up a bit, we can see that Cameco has decisively pushed to two year highs – and it’s making a run at its pre-“end-of-the-world” levels: Source: StockCharts.com Most trend traders watching CCJ would have likely “gone long” […]
Repeat after me: “They are still all the same markets!” There’s the US Dollar – and then there’s everything else. And the dollar, just days after QE2 was announced, turned up in sharp fashion. Some final nail in the coffin that was! It appears this is STILL the only chart we need to watch. (Source: […]
I have to admit, I thought the precious metals would get slammed today if the Fed announced anything less than $1 trillion in QE2. And slammed they were, when the pitiful number of $600 billion was announced. However, both gold and silver rallied by the closing bell to pare down their losses, and both are […]
One of the biggest mistakes that I personally have made as an investor over the past 18 months has been underestimating the power of the reflation trade. While you probably know I’ve been a big time commodity bull since 2004 (and had a lot of success in agriculture especially), I “lost my way” after getting […]
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