Archive | April, 2010

Weighing Risk vs. Reward

After 8 days of rest and relaxation we are back at it trying to figure out the best risk/reward scenarios in the commodities market. It is vital in our opinion to evaluate both before establishing positions as many commodity traders just look at the reward side of the equation. After approaching $86 in early dealings […]

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April 23 Bond

Durable goods and home sales pressure Treasuries

The day’s economic news wasn’t plentiful but it packed a punch. The better than expected figures on the health of the economy put pressure on Treasuries early in the day and the complex was unable to recover. Headline durable goods orders were in with expectations at a negative 1.3% but it was the ex-auto number […]

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Precious Metals Continue To Hang Tough

This week in the precious metals continues to provide evidence that savvy investors are choosing hard assets as an alternative to fiat currencies. As Greece’s debt crisis negotiations continues to keep the Euro Dollar under siege it has become apparent that the true fiscal crisis is much worse than originally thought. The Greek bonds rallied […]

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Bullish Upside “Breakout” in July Cotton

ICE Futures U.S. cotton for July delivery on Wednesday set a fresh contract high and two-year high of 86.80 cents a pound. Wednesday’s technically bullish follow-through buying strength follows Monday’s price action, in which July cotton rose the daily trading limit of 300 points (3 cents). Tuesday’s and Wednesday’s price action in July cotton futures […]

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Yield curve flattens in light action

Treasuries were mixed on Tuesday with the long end of the curve spending most of the day in green territory and the short end decisively red. Had the Bank of Canada not begin with it’s dovish talk about consecutive rate hikes into year end, we might have seen a more pronounced bullish bias. The Treasury […]

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S&P 500 chart

Whitehall Investment Management Futures Market Summary

DATA RELEASES 04/20/10 NO MAJOR ECONOMIC RELEASES EARNINGS RELEASES (J&J, COCA COLA, GOLDMAN SACHS) DATA RESULTS 04/19/10 US LEADING INDICATORS (1.4%/1.1%) EARNINGS RELEASES (CITIGROUP-0.15 EPS VS. -0.17 EPS) HALIBURTON (0.23 EPS VS. 0.42 EPS) IBM ($1.97 EPS vs. $1.73 EPS Y/Y) US DEBT REVIEW AND OUTLOOK US Treasuries began the new week with a mostly […]

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The Search for a Reserve Currency

Currency, like all forms of abstract value, is based on trust. And trust itself is based – except among the most na├»ve – on experience, and the repetitive demonstration of fidelity, whether positive or negative. At present, the US dollar, which had experienced a gradual rise during the 20th Century to the position gained well […]

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Option Queen Letter

This week we took note of something rather interesting; specifically there was a great deal of chatter going around regarding the current rally. As the mortal investor begs the question of divergences seen in the recent rally a veritable chorus of gurus and talking heads responds yes, this rally was good and that yes, a […]

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