By Tom Taulli – Famed investor Jim Rogers made a fortune by investing in commodities during the 1970s. Now, Rogers is back in commodities, and he’s giving individual investors advice in his new book, Hot Commodities (Random House, 2005). His thesis is that the world is in the midst of a bull market in commodities. […]
Archive | April, 2005
Oil in troubled waters
From The Economist – Prices are sky-high, with profits to match. But looking further ahead, the industry faces wrenching change, says Vijay Vaitheeswaran “THE time when we could count on cheap oil and even cheaper natural gas is clearly ending.” That was the gloomy forecast delivered in February by Dave O’Reilly, the chairman of Chevron […]
Motherlode of natural gas making Qatar the world’s richest nation
By The Associated Press – DOHA, Qatar — Beyond the fishing boats moored on this city’s seaside corniche and under the sandy bottom of the Persian Gulf lies a giant bubble of natural gas that is fueling a historic economic boom. This Connecticut-sized land, an isolated thumb on the Arabian peninsula that had no schools […]
Scotiabank’s Commodity Price Index Surges To A New Record High in March
TORONTO, April 26 – Scotiabank’s Commodity Price Index, which measures price trends in 32 of Canada’s major exports, posted a new record high in March — the second in the past two months. The All Items Index jumped by 3.6% in March to a level 73.6% above the cyclical low in October 2001. The Oil […]
Coffee May Give Investors’ Portfolios A Jolt
By David J. DesLauriers – TORONTO (ResourceInvestor.com) — After reaching their nadir in December 2001 with an all-time contract low of 41.5 cents, coffee futures have rebounded smartly. The price of a pound of coffee doubled in the past year recently peaking at $1.50, and settling back into the $1.20 range. While it would appear […]
All you wanted to know about derivatives!
‘By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives. These instruments enhance the ability to differentiate risk and allocate it to those investors most able and willing to take it – a process that has undoubtedly improved national productivity growth and standards […]
Investment Biker
Jim Rogers is the author of Investment Biker (Random House 1994), Adventure Capitalist (Random House 2003) and Hot Commodities (Random House 2005). Born in 1942, Jim Rogers had his first job at age five, picking up bottles at baseball games. Winning a scholarship to Yale, Rogers was coxswain. Upon graduation, he attended Balliol College at […]
PFG’s Annual CTA Challenge Begins May 2, 2005
CHICAGO–(BUSINESS WIRE)–April 20, 2005– Peregrine Financial Group, Inc. (PFG) begins its third annual CTA Challenge on May 2, 2005. This is a competition to identify and showcase emerging Commodity Trading Advisor (CTA) talent, strategies and techniques. “The purpose of the CTA Challenge is to find talented, new futures and foreign exchange (FX) fund managers in […]
A Whiff of Stagflation
By Paul Krugman – In the 1970’s soaring prices of oil and other commodities led to stagflation – a combination of high inflation and high unemployment, which left no good policy options. If the Fed cut interest rates to create jobs, it risked causing an inflationary spiral; if it raised interest rates to bring inflation […]
Options Industry Sets New Daily Volume Record
Friday’s Trading Nearly Double The Average Daily Volume For 2005 CHICAGO, April 18 /PRNewswire/ — The Options Clearing Corporation (OCC) and The Options Industry Council (OIC) announced today that Friday, April 15, 2005 set a new daily volume record when 11,254,044 total options contracts traded, 31.4 percent higher than the previous record, set on January […]