Blogs

03 Feb

Soybeans Rally Sharply While Corn & Wheat Steady

in Blog, corn.wheat, oats, soybeans

 The corn and wheat market were both basically unchanged today despite a strong stock market and commodity market. Corn closing down 1 cent a bushel to close around 6.42 a bushel and wheat also lower by 1 cent to close around 6.62 a bushel. Soybean futures finished 16 cents higher to close around 12.33 a bushel. The breakout in soybeans for March delivery is 12.50 a bushel and has had a very difficult time breaking through that resistance.

03 Feb

Gold & Silver Lower On Profit Taking

in Blog, copper, gold, platinum, silver

 Gold futures sold off today as investors flocked into the stock market with the nasdaq making new 11 year highs again today. The bull market in gold is still underway and in my opinion will continue to go higher for the remainder of 2012. The U.S Dollar is up 15 points today which had no effect on price action today. Gold futures settled 18 dollars lower to close around 1,744 an ounce.

03 Feb

Stock Market Higher On Great Unemployment Data

in Blog, dow, nasdaq, sp

The stock market is surging today on great unemployment news which is making the nasdaq rally 45 points to 11 year highs. The S&P is up 16 more points while the Dow is higher by 140 points trading at 12,840. I continue to stress that we are in bull markets across the board and economies are improving dramatically, with bond yields at all time lows the stock and commodity markets look very cheap.

03 Feb

Copper Futures Surge On Unemployment News

in Blog, copper

Copper futures are surging on great economic news out of the monthly unemployment report. Copper is up 900 points currently trading at 6 month highs at 3.87. I still believe all commodity markets should be bought as well as the stock market.

03 Feb

Silver & Gold Sharp Selloff

in Blog, gold, silver

If you are looking to get long the precious metals then today could be your buying opportunity. Silver is down 60 cents and gold is down 19 dollars.These markets are still in a bullish trend and should be bought on dips in my opinion.

03 Feb

Buying Oppurtunity In Gold & Silver On Selloff

in Blog, gold, silver

If you are looking to get long the precious metals then today could be your buying opportunity. Silver is down 60 cents and gold is down 19 dollars.These markets are still in a bullish trend and should be bought on dips in my opinion.

03 Feb

Coffee Prices May Have Seen Lows For 2012

in Blog, coffee

Take a look at the coffee market to rally off of a recent double bottom which happened earlier in the week. Coffee prices have been grinding lower for several months and it could be time to get long at a relatively cheap price. Most other commodities have rallied with the improving economy however coffee has not participated. In my opinion look at the May call options because volatility is very low and call options are cheap at this point and time.

03 Feb

Grain Market Gets Positive Unemployment Report

in Blog
The grain market on the night session ended about 5 cents higher for corn,beans, and wheat. Look for more gains during the day trading session because of the positive unemployment report to spur additional buying in grains and  all commodities. These markets have turned because of the positive economy and in my opinion should continue to climb.
03 Feb

Unemployment Report 2-3-12

in Blog, Bonds, commodities, stocks

The monthly unemployment report today announce that 243,000 jobs were added in the month of January placing the unemployment rate at 8.3%. This news was welcome to the stock and commodity markets raising hopes that good times are coming and ecobomies are improving.These numbers are huge and will be very poditive for the markets today.

02 Feb

Commodities & Stocks Making Highs

in Blog, commodities

With the Nasdaq compostite hiiting 11 years highs today and in my humble opinion will even go nuch higher over the course of the year. If stocks keep making new highs you will then see higher commodity prices across the board.Take a look at the charts from September 2010  and compare them to recent activity to today.

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