Has anybody noticed that today we can not only go to a pawn shop to hock stuff for quick cash but there is a web-site called Borro.com. Just turn on the television and watch their ads. They accept luxury handbags, wines, antiques, cars, watches, jewelry and precious metals for a quickie loan. Oh, they don’t […]
Four out of the last five days corn futures have lost ground giving up nearly 40 cents after failing at their highs near $5.20/bushel in the July contract. Today the 50 day MA (blue line) was breached for the first time since late January. Future settled just below their 38.2% Fibonacci level . Though the […]
The women I know love clothes and gold and I think both at least at the wholesale level will be going on sale in the very near future. Cotton prices have been dancing the up-sloping trend line for the past 6 months as seen on the chart below. Current prices have July futures higher by […]
The recent data release from the bureau of Labor statistics (BLS) on Friday shows that there was no wage growth in the April reporting month. The actual facts are that there has been no upward movement in wages for years, when considering inflation yada yada. Will a minimum wage hike help; we seriously doubt that […]
Its official Crude oil and the products have moved lower putting in an interim top in the last two weeks…will natural gas follow suite? As I said in my piece yesterday Crude broke the up-sloping trend line that has been in place all of 2014 and lower trade looks likely. Futures found mild support at […]
