Archive | April, 2010

April 30, 2010 Bond

Treasuries higher into the uncertain weekend

Bonds and notes moved higher into what could be a weekend packed with event risk. Ratings agencies have already marked down Greece’s debt to junk status and have downgraded that of Spain and Portugal. Some are waiting for an Italian debt downgrade. As a result, the relatively risk averse investment community is flocking to “quality” […]

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This Week In Precious Metals

Once again this week the European Union’s debt crisis paved the path for the precious metals. This week Standard & Poor’s downgraded Greece’s Credit rating to “junk bond ” status as well as lowering Spain and Portugal’s credit ratings. This continues to drive investors into the precious metals especially Gold as a safer haven. Gold […]

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Volatility to Continue

There may be a number of reasons why but the bottom line is volatility in the commodity markets is here to stay. June Crude oil is back above the 20 day MA having gained $4 on its way to $87 in our opinion. RBOB and heating oil are on the verge or breaking out to […]

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Extended Period

Another FOMC meeting has passed with no change in rates or verbiage. The lack of inflation comments are comical as gold will most likely flirt with $1200/ounce and oil is approaching $90/barrel. As a trader one cannot fight the Fed but they are just kicking the can down the road in my opinion by keeping […]

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July 2010 corn futures

July Corn Drops to Near Longer-Term Chart Support

July corn futures at the Chicago Board of Trade on Tuesday dropped to a fresh seven-month low of $3.51 1/2 a bushel as the bears gained some fresh downside near-term technical momentum. Prices are closing in on longer-term technical support at $3.50 a bushel. Multiple closes below the key $3.50 level would produce more serious […]

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April 27, 2010 Bond Report

Whitehall Investment Management Futures Market Summary

DATA RELEASES 04/28/10 10:30 AM EIA PETROLEUM INVENTORIES CRUDE 1:00 PM US 5 YEAR NOTE AUCTION 2:15 PM FOMC MEETING ANNOUNCEMENT DATA RESULTS 04/27/10 • US CONSUMER CONFIDENCE(57.9/ 53.5) • US 2 YEAR NOTE AUCTION (BID/COVER 3.03 ON $44 B, YIELD AWARDED 1.024%) US DEBT REVIEW AND OUTLOOK US Treasuries jumped to the highest levels […]

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Daly Gold Report

Gold Settled $8.20 Higher Today… ($1162.20) Today’s gold market traded adversely to its normal indicators. Despite a very strong U.S Dollar, lower energy prices, and a weaker silver market the gold rallied to close $8.20 higher. This rarity can be directly linked to the continued debt crisis occurring in the European Union. Just when we […]

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Goldman gets Grilled

Does any one really believe Goldman Sachs does not move the markets? Oil is approaching the same level it bounced from twice in the last week, will this hold true again? The action is too dicey for us to issue trade recommendations as we are seeing $2-3 swings on a daily basis. We like being […]

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April 26, 2010 T-bond

Treasuries consolidate ahead of FOMC

As is often the case, it appears as though traders spent the day squaring positions ahead of the FOMC meeting. The Fed will meet tomorrow but we won’t hear the results of the interest rate decision until Wednesday afternoon. Most analysts aren’t expecting the Fed to take any action to change monetary policy but there […]

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