Oil prices soar, lumber strong, gold up

CHICAGO (Reuters) – Crude oil prices set 13-year highs and gasoline prices set another record Wednesday on worries about potential supply problems this summer due to ongoing violence in Iraq and the Middle East. The dollar stumbled Wednesday, making dollar-denominated metals like gold and copper more attractive to overseas buyers. Lumber prices soared on a […]

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Brazil Exports Drop in April on Strike, Commodities

May 3 (Bloomberg) — Brazilian exports fell in April as prices for the country’s commodities such as aluminum and iron dropped and a work slowdown by port inspectors held up shipments from South America’s largest economy. Exports dropped 17 percent from March to $6.59 billion, cutting the trade surplus to $1.96 billion, a government report […]

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CBOE April options volume rises 39 pct from 2003

Volume at the Chicago Board Options Exchange rose 39 percent in April compared with year- earlier levels, the largest U.S. options market said on Monday. During April, volume in stock option classes rose 48 percent as more than 20 million contracts traded, while index options were up 26 percent, with over 11 million contracts traded, […]

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This Week’s Splash and Crash of Commodity Prices

Bill Cara for the Trader Wizard Commodity prices, like the metals group, are mostly the product of economic supply and demand factors – longer term. But like all capital markets prices, they are materially affected in the short-term by fear and greed emotions. They are also a reaction to interest rates. This week, we have […]

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Gold and silver bounce back, soybeans soar

CHICAGO (Reuters) – Prices of gold and silver rose Friday, recouping steep losses two days ago fueled by an expected slump in demand from China, while soybeans posted a second day of gains amid continued concerns over supplies. In other commodity markets, crude oil futures ended the day with marginal gains, supported by concerns over […]

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The Power of Uncertainty & Fear

By: Dr. Richard Appel, Financial Insights Gold, silver, gold and silver equities as well as numerous commodities suffered severe losses during the past several days. Gold and silver after posting highs a few short weeks ago of $432 and nearly $8.50 respectively, struck their recent lows of $390 and $5.99. Both the major gold and […]

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