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Since it feels like we may be at a major turning point in the markets, I thought it’d be useful to review our current outlook with regards to the various key markets. As always, please take these musings with a grain of salt – I’m just an armchair trader and blogger, after all! The Dollar […]
Chinese energy consumption has officially surpassed the United States – wow! For a breakdown on Chinese energy consumption by source, here’s our friend Marin Katusa with the tale of the tape… — China Is Winning the Energy Race By Marin Katusa, Casey’s Energy Opportunities Stop the presses. The United States is no longer the world’s biggest […]
Today, wheat prices hit their highest levels in two years. Russia announced a ban on exports, sending wheat “limit-up” on the day, as September futures closed at $7.83 a bushel. It’s been a wild ride for wheat this year: Since the 4th of July, wheat has really taken off. (Source: Barchart.com) Wheat headlining the Wall […]
These days we are keeping a keen eye on markets that have been reliable leading indicators of the stock market. Since 2004 or so, markets have become quite interrelated, creating a lot of interesting relationships in markets that previously had little or no correlation. The correlation of course peaked during the 2007-2009 downturn, when EVERYTHING […]
Coffee’s been one of the hottest commodities on the board to date in 2010 (remember, the broader CRB Index peaked in early January) – can everyone’s favorite pick-me-up continue it’s run? The supply/demand fundamentals are very intriguing, writes Julian Murdoch for our friends at Hard Assets Investor. Coffee demand has doubled in the past 10 […]
Looking for a short play that could do well no matter what the broader markets do? You might not need to look any further than PBW – an ETF play on clean energy. Our pal Brian Hunt writes in his always excellent Market Notes column for Daily Wealth: Most clean energy companies are based on […]
Contrarian indicators don’t get much better than this. Our good friend here in town, fellow Austrian economist fanatic Jonathan Lederer sent along word today that the California State Teachers’ Retirement System (CalSTRS), has approved a plan to begin investing in commodities “as a hedge against inflation and to buffer losses in equities” (Seriously, I’m not making this […]
This is turning into “Commodity Short Alert” day here at Contrary Investing! We just warned you about the ailments of copper, which looks like it may have eaten some bad chow mein for lunch. Also “down” on this “up” day for the markets was cotton – which has been breaking down in a major way […]
A favorite exercise of mine is to take a look at the board and see what assets are not participating in strong rallies on days like today. And it looks like there were a few noticeable absentees in the commodity sector that did not make it for today’s raging campfire of a good time! (Ed. […]
Soon after stocks bottomed on March 6, 2009, we noticed that commodity prices – most notably agriculture prices – were starting to rally. In early May, we wrote about the rally in soft commodities, and what it implied for the inflation/deflation outlook: A few weeks ago (April ’09), we noticed that not only had commodities appeared […]
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