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Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge “limit up” for the second day in the row. Was our case for cotton perfectly timed for once? (See: Cotton’s Blue Light Special) Cotton’s sharp reversal sent shorts running for cover. (via Barchart.com) While there have been additional acreage reductions announced in the […]
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 […]
I have to admit – I think the Great Deleveraging permanently seared my psyche. I haven’t been the same since. It’s for the best. Until you live, and invest, through an event like that, I don’t think you can appreciate the awesomeness of the destruction. A history book just doesn’t do it justice. When it […]
On Tuesday evening, we had our monthly meeting of local Casey Research subscribers. Really sharp investment minds in the group – it’s a real pleasure and treat to chat about a wide variety of finance and investing related issues. The general consensus of the group (fairly contrarian in nature) is that gold and cash are […]
I hope you had a good, long holiday weekend. I sure did…I mentioned at the end of the week that I’d be blogging when I wasn’t drinking beer. As you can probably infer from my lack of posts, I managed to put back a few with some good friends! Back in the saddle now, I […]
As financial pundits and common investors breath collective sighs of relief that “the worst is over” and “the bull is back”, let’s explore the possibility that 2009 may be following a script that was originally penned in 1930. After the initial crash in 1929, the markets staged a powerful rally that retraced 60% of these […]
Interesting times in the markets. US equities have now completed a standard fare “Fibonacci retracement” off of the March 6 lows. Now, where to from here? Bulls and bears alike conceded that a strong rally was quite probable. Now that it’s happened, what can we expect? There seem to be two or three prevailing market […]
The smallest acreage for cotton in 26 years has propelled the fluffy material “limit up” for the day, in what amounted to almost a delayed reaction from traders, as cotton was initially down yesterday when the report came out. Likely due to the weakness shown by the other grains. You’d think that with cotton supplies […]
A recent piece in The Economist highlighted the recent strength of agriculture prices in the face of the downturn, and the reason for it. Though prices of the meats, grains, and softs are still off their 2008 highs – they’re not off by much anymore – as commodities such as cotton, soybeans, and sugar are […]
The folks at Reason TV recently put together an excellent 8-minute video about agricultural subsidies in America, from their roots in the Great Depression, to their effects today on commodity prices and economies around the world. As a commodities trader and/or investor, it’s extremely important for you to be familiar with these subsidies. I should […]
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