Gold new high

Reporting gold making a new high today, long from 1070 today.  More central banks from emerging economies increasing share of reserves held as gold.
Also, note, interesting action in DX today and although stock market is oversold short term gold often surges a day or two prior to a major sell off – against this I [...]

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Gold reset

 
A chart that shows that effectively, the appreciation in Gold price since the start of the decade has been reset via the creation of increased monetary base.

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Trading update

As I haven’t posted for a while it seemed like a good idea for an update.  Trading has been tricky over the summer with many markets trimming sideways, while treatening to breakout to new highs all the while, Aussie dollar, Gold over $1,000 etc.
Well, as summer moves into autumn things could get choppy again from [...]

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Odiogo

Here is a neat new facility, on the site, download MP3 of posts:
http://podcasts.odiogo.com/silverstein-on-commodities/podcasts-html.php

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Targets for 2009

Objectives:
Read Profits in Commodities by WD Gann – now this I am assured does not contain any other-worldly theories, or angles – but just good advice by the look of the preview.
Scale into Oil Services stocks (RIG, ETF – IEZ) and agricultural ETF (MOO).
Read Exxon Oil Outlook 2030
Scale into agricultural commodities, probably coffee, sugar.
Watch precious [...]

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Highlights of 2008

I started the year very bearish on the main indices – and made a good short trade on the DAX30, Germany’s flagship stock index in January after viewing the global stock market situation, Short trade 500 points
Then in February a long in London Sugar netting £867 using my usual scaling in technique, it ended up [...]

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2008 year in review

Commodities Big Picture

Shaping up for a sideways trading range / rally from these levels.  Either way, looking at the very long term chart the downside appears very limited.  RSI/MACD divergence against price.

That is some fall off, 200 is the Maginot line in the sand, closed at 215.28 on the 26th December.
Likely sideways action for 2009, [...]

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More selling in commodities

Coffee is testing lower today at 108.00 and oil is also shedding a couple of Dollars and it is not mere Dollar up / commodities down action.
Soybeans are up today, trade open if exceed todays close tommorow.

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Fundamentals unimpaired

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Commodity conundrum

Couple of interesting charts, above, really nice low risk trade opportunity here, this is offered as an ETF, it is equal weighted coffee, cotton and sugar product, but I usefully use it as a barometer as to when a trade in the softs might be good from the big picture viewpoint.  Coffee near support in [...]

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Room with a view

There is an urban myth that goes more than 90% of spread betters lose money – well, this is possible of course, but that means the 10% is getting the other side of all those losses, just a thought.

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Monumental opportunities

Again I have a feeling that the good times are about to roll.  Nikkei a good short a week or so back when it was at 14,550, now lumbering around 13,500 – further to fall.
Now attention back on dollar short – commodities long game, after the rally in the USD, possibly now over.
Gold/silver typically have [...]

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Will the real interest rate please stand up

Talk of interest rates heading higher, well its about time.  The only question is how far under the real inflation rate that they will be held and for how long.
Silver seems to have corrected nicely, bounced off the 200 dma a couple of times now, may move down to $15 briefly, silver seems to fake [...]

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Opportunities

Dollar rallying, commodities will be under pressure for a few weeks more – wait and see for now.

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Turn the machines back on and sell!

At last there are a couple of tradable opportunities, in fact several have come along at once. The world indices that have been rallying since March appear to have run out of steam and some, are approaching serious overhead resistance. A scale in trade was opened today on the DAX30, as a second [...]

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Main indices critical

Hello, the indices are nearing completion of a nice rally and could fall sharply over the next few weeks.
Sell, if a break below 50 day ma on high volume, haven’t seen any major opportunities in a while, haven’t traded in a while.

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‘Golden Age’ for agriculture

By JULIE JARGON
February 15, 2008; Page A1
ALBION, Neb. — The U.S. economy may be teetering on the brink of recession. But there’s a bountiful harvest down on the farm.
Grain prices are surging to historic levels. Spring wheat, a variety often used in bread, hit a record $18.53 per bushel yesterday. Corn is trading above $5 [...]

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Kruger…

Image source: Kruger
Closed Robusta full position at 2198.  Holding KC for now.

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Frank Barbera… and the Indices

I read Financialsense.com which I recommend for opinion… don’t hang your hat on anything you read there though, it is useful to get a picture of difference views on the market. Well, when Frank Barbera writes an article I always read it, basically because this guy knows his stuff. Since May 2005 when [...]

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