Archive | July, 2006

Lumber Trade Recommendation

Lumber Trade Recommendation

Lumber can be a very volatile market. Last hurricane season we saw lumber prices all over the map. So far this hurricane season has been quite quiet, but it is still early in the season and I have an eerie feeling that we may be seeing the calm before the storm. With the prospect of […]

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Option Queen Letter

Like it or not, we, you and I, all of us are living in an era of social and societal meddling. If it were but good, rather than just well intended, we might find it in our hearts to forgive the muddling of their meddling. But to confuse good intentions with dilatory results is to […]

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Globalization of Financial Markets

Investing abroad has been a fundamental part of institutional investor’s strategy for quite some time now, but now globalization of financial markets has given the traditional investor a chance to take advantage of the opportunities abroad. Over the last few years, especially since the U.S. recession in 2001-2002 when U.S. equities struggled, investors have looked […]

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September Coffee

Coffee Remains Mired in a Downtrend

September coffee futures at the New York Board of Trade remain stuck in a six-month-old downtrend on the daily bar chart, drawn off the late-January high of $1.3175. Prices just this week hit a fresh 19-month low of 93.95 cents. As the potential frost-freeze season in coffee-growing regions in Brazil is winding down, with no […]

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T-Bond Futures

T-Bond Futures

Bonds have been in rally mode since the last FOMC meeting in June. We have recently seen a very large number of indicators issue sell signals on this market, Stochastics, and CCI to name just a few. The consensus is that the Fed. will move rates to 5.50% at the August 8th meeting. After that […]

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Copper Mountain

When speculative excess grips a market, as I believe we have witnessed within global copper prices, they tend to gravitate back to the point where that excess buildup began. No matter how large or small it may be. Enclosed are a few examples where you can easily see this in action. One thing to keep […]

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Option Queen Letter

It may be that the time is now ripe for us to reflect on why high oil prices have not had the negative effect on the economy that it was expected would follow this and associated escalations, now attributable to concurrent, though unrelated, military activities. Well, with interest rates at current levels, and they were […]

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Think Zinc

Of all the materials currently utilized by humans, zinc is the one with the most versatility. It is an essential material in the production of skyscrapers, a vital nutriet to agricultural crops, and an increasingly important additive in medicines. While its use are diverse, the price of zinc is still highly coordinated to the construction […]

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Yen Futures September

Japanese Yen Trade

The Japanese Yen has always been a tough market to trade. The Bank of Japan(BOJ) is infamous for the manipulation of its currency. That being said, we have just recently seen a dramatic change in the BOJ policy. Last Friday (07-14-06), the BOJ raised its key overnight call rate to 0.25 percent from near zero, […]

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Live Cattle Bulls Fight Back

Live Cattle Bulls Fight Back

October live cattle futures at the Chicago Mercantile Exchange on Wednesday poked to a fresh four-week low of $86.15. Price action this week, including Monday’s gap-lower trade on the daily bar chart, could have been the early stages of a bearish downside “breakout” from a bearish pennant pattern that had formed the past couple weeks. […]

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