Category Archives: Commodities

Dr Marc Faber Succinctly Summarizes on Reuters.. 22nd Sept

Dr Faber’s track record is really something. Here on Reuters from the 22nd summing up the history and forward perspectives perfectly for us. “Globally something is awfully wrong”. http://insider.thomsonreuters.com/link.html?cn=uidTWASIA&cid=265773&shareToken=MzpkMzJjMDcxNi03YTcyLTQ5YzAtYWEyZC05ZWY4Y2MyZGFiMjU%3D&start=0&end=303 “I think the US dollar will continue to strengthen”. “Meaningful slowdown in the Chinese economy coming. Will it collapse or slow down is a different issue. …

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Silver Loses 25% in Two Days..

Post the non expansion of the Fed balance sheet silver has been the worse performing major asset class in the markets in the last 2 days. Silver futures today have dropped 17.7%. This represents their biggest one-day percentage decline since least 1984. Technically trading silver is a very dangerous business. I prefer to be a …

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30 Year Treasuries at 3% Yield – Fed ‘Twists’ & Targets the Long End

No expansion of the balance sheet. The Fed to: 1) Roll over expiring short term treasuries on to long term treasuries 2) To actively sell $400bn of short end treasuries and buy longer dated treasuries 3) To roll over mortgage back securities that the fed holds on her balance sheet to push mortgage rates lower. …

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DX/Asset Prices – Inverse Correlation Breakdown – Opportunity or Threat?

Its been “the” inverse correlation which has driven black box trading systems, hedge strategies, risk on and risk management trading systems of the last few years. Very simply as the dollar index declined asset prices rose, especially those assets priced in USDs ie commodities. Every correlation and inverse correlation must have some logical basis to …

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UBS Technical Update – Continuation of Cyclical Bear, Near Term key Level SP500 1230, DX to rise.

UBS-Weekly06-09 A pretty bearish report with no change to the sell the bounces view. A likely top for gold and tactical lows for equities coming end sept. Asian in process of making ‘final leg down’ before rejoining secular bull. Re Asia – “In the next 2 to 3 weeks we would prepare to start buying …

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Gold Breaks Out Again Friday.. New All Time Historic Euro, GBP, BRL, MXN, SEK highs..

Gold had a very strong close into Friday challenging her USD all time highs with the equity indexes a long way from their recent lows. For those that measure things in pounds, euros, Mexican pesos, Brazilian Reals and Swedish KronesĀ  gold made fresh all time historic highs on friday. As usual almost totally unreported by …

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Latest UBS Technical Update – Cyclical Bear Market with SP500 Target 1018

We have featured the UBS technical review three times on the site in the last couple of months. The record, thus far, has been stella in terms of timing and levels. The team have been on leave until this latest report from a couple of days ago.. (apologies on the late posting – i’ve marked …

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Credit Suisse – Secular Commodity Bull Intact but Volatile..

According to Credit Suisse commodity markets can move higher under their own weight due to the supply demand imbalances that exist in the world. They go so far as to say, commodities will, over time, remain uncorrelated with equity and other asset markets, to the upside.. (Indeed as they have been for the last decade …

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Silver Momentum Crushed (in the nick of time) Paper vs Physical & technical implications..

I said the bullish move in silver would need to be significantly crushed in order to prevent an attempt on 50 and more.. The ‘crush’ came with an enormous paper tidal wave of selling starting on Tuesday and sustaining into today, thus far.. She has fallen from 44.3 to 38.8 or 5.5 points 13% in …

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Free Markets – to a lesser (& lesser) Extent..

Hey guys, everything moving ahead perfectly isn’t it.. no one should be too surprised by any of the price action we can see before us, imo.. I’ll do a technical and macro comment on another post but firstly price controls/free markets.. I’m not sure who else is trading the softs here but anyone close to …

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