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Have Orange Juice futures finally found a bottom? May Orange Juice futures gained nearly 10% this week, on speculation that drought conditions in Florida could damper yields. As you can see, OJ has been in free fall over the past 14 months, dropping roughly in half from peak to trough. Prices appear to have been […]
The next leg in the commodity bull market may have started, writes Jeff Clark of Growth Stock Wire. “In the commodity sector, you don’t get a more bullish sign than when the 20-day moving average crosses over the 50-day moving average.” Clark, one of my favorite traders, writes that the last time this happened, in […]
This chart overlays our current bull market in commodities with the previous one. If history is any indication, we could have a ways to go here. Courtesy: Agora Financial
Bernanke Fires Up the Printing Presses Earlier this week, Ben Bernanke announced the US Federal Reserve will buy up to $300 billion of US long-term Treasury securities over the next 3 months. Where will the Fed get that money? It will essentially create it out of thin air – also known as “printing money.” Surprisingly, […]
Grains and Softs Showing Some Signs With the stock market showing some signs of life this week, many of the agricultural markets followed suit. Corn put in a particularly strong week, driven by reports of strong export sales of the past couple of weeks, as well as strong equity and oil prices. Seasonally this is […]
Why We’re Shorting the Yen Last Monday, we shorted the Japanese Yen. Longtime readers may be wondering what we’re smoking, as we’ve been playing the long side of the Yen (with relative success) on and off over the past couple of years. My thinking is that the carry trade has been completely unwound, and fundamentals […]
Sugar is quietly staging an impressive rally off its October lows, when it briefly dipped below the 11-cent mark. Since then, we can see that sugar prices are clearly moving from the “lower left to the upper right,” recently hitting a 5-month high. Is it time to buy sugar? I think so. Fundamentally, there are […]
Gold & Silver Up – Everything Else Continues to Circle the Bowl Gold, silver, and – of course – the US dollar – continued to rally this week. They were about it, as the stock market swooned, commodities got whacked, and every asset class continued to circle the bowl. Stocks have now gone nowhere in […]
Jim Rogers’ latest comments – February 13, 2009. US stimulus packages are throwing “good money after bad” US making the same mistakes as Japan, propping up zombie companies and supporting the incompetent people Financial mess started with the bailout of Long Term Capital Management in 1998 Alan Greenspan never let the system work, as he […]
Cotton Futures Hit 2009 Low Cotton futures slumped to a 2009 low on bearish supply/demand news. Cotton’s projected world stocks-to-use ratio hit their highest mark since 2004-2005. We were stopped out of our position at $0.45, and this one hurt – I hate the idea of selling cotton at these prices – BUT, we always […]
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