Archive | May, 2006

Cotton Futures Trade Record Volume

NY Cotton futures traded an estimated 53,000 contracts today, which should establish a new record. Much of the volume was directed at spreads as positions got moved out of July and into other months. Estimated volume in the July/Oct spread alone was thought to be between 8,000 and 8,500, with the greater part changing hands […]

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Gold Bulls Forge Solid Floor Under Market

Gold Bulls Forge Solid Floor Under Market

The gold bulls last week were able to defend solid near-term technical support at this month’s low of $643, basis August Comex futures. Now, that chart level becomes even stronger technical support for the bears to overcome. No serious shorter-term or longer-term chart damage has been inflicted upon the precious yellow metal. (more…)

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Soft Commodities Roundup

OJ managed a very strong rally just as we begin Hurricane season here in Florida. This market could find its way above 2.00 before the end of this year’s hurricane season if the groves are hit. Longer term call trades in this market are the best form of Hurricane “insurance” any citrus farmer can have. […]

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Jim Rogers Index Fund Comparison

Rogers International Raw Materials Fund

The Rogers International Raw Materials Fund was designed to replicate the Rogers International Commodities Index (RICI). The Index was developed by James Beeland Rogers, Jr. to be a balanced, long only, representative, international raw materials index. The Index Fund’s primary objective is to provide an alternative investment vehicle for investors with diversified portfolios. (more…)

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Cline

US Current Account Deficit

The global current account deficit of the United States is now larger than it has ever been—nearing $800 billion, almost 7 percent of US GDP. To finance both the current account deficit and its own sizable foreign investments, the United States must import about $1 trillion of foreign capital every year or more than $4 […]

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Derivatives

A derivative is a generic term for specific types of investments from which payoffs over time are derived from the performance of assets (such as commodities, shares or bonds), interest rates, exchange rates, or indices (such as a stock market index, consumer price index (CPI) or an index of weather conditions). (more…)

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Exports, drought worry ranchers

By Amy Bickel Where’s the beef? — For U.S. cattle producers, it’s not in Japan. Meanwhile, limited exports, a softer domestic demand and drought mean more cattle fattening in the nation’s feedlots – causing a glut of product-depressing prices. (more…)

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Euro Currency Trade

Euro Currency Trade

The Euro has been on a tear against the Dollar for some time now. We have come up much faster and farther than most people thought, myself included. We have already seen this market stall but we have yet to see much of a correction. While longer term I remain bullish, in the near term […]

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Crude Oil Set for a Wide Trading Range

Crude Oil Set for a Wide Trading Range

July crude oil futures at the New York Mercantile Exchange on Monday poked to a fresh six-week low of $68.17 a barrel. However, prices then quickly rebounded to close solidly higher and near the session high. Good follow-through buying interest was also seen Tuesday morning. Now, Monday’s low of $68.17 a barrel is strong technical […]

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Europe to give tin a boost

In just over a month, the EU’s lead free electronics initiative will force component manufacturers in Europe to find an alternative to traditionally used solders. Currently, electronics manufacturers in Europe and America use solders made of lead to attach semiconductors onto integrated circuits. But with the metal toxicity issue receiving such negative publicity, politicians in […]

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