Cotton Futures--- Cotton futures for the December contract which is considered the new crop which is currently planted hit a false 3 ½ month low a couple weeks ago around 82 and now has skyrocketed in the last 2 weeks due to the USDA stating that ending stocks of 2.6 million bales were below estimate figures and now a drought in Texas is hurting the crop which is trading at 89.10 hitting a new 1 year high after settling last Friday at 85.10 up 400 point

Precious Metal Futures-- The precious metals this week traded in a very tight trading range which is very unusual because these are volatile commodities with gold trading in a 3 week range as exchange traded products were reduced for the 17th consecutive week pressuring prices once again, however this Friday prices rallied about $9 at 1,387 ounce in the August contract.

Precious Metal Futures-- The precious metals were higher across the board today with gold in the August contract up $11 an ounce at 1,388 as the U.S dollar hits 12 week lows today as investors continue to sell thinking that the Federal Reserve will continue to print money indefinitely supporting gold prices, however as I’ve spoken about in many previous blogs I’m pessimistic on gold prices & I think we will head lower here in the short term.

Precious Metal Futures—The precious metals were lower across the board today despite the fact that the U.S dollar is lower once again by 45 points hitting 11 week lows currently trading at 81.20 while the Japanese Yen is up over 300 points but it is not lending any support to many of the commodity markets as higher interest rates have now become the headline story due to the fact that if rates continue to rise that means the easy monetary policies are fi