Interest Rate Indecision Damaging Markets

The seemingly endless speculation about whether the Fed will raise interest rates is getting old. The Federal Reserve has telegraphed a long-awaited move off “zero” for months now, only to disappoint again and again –… Read More

Let’s Add Wheat to Our El Niño Portfolio

Sketchy weather in some of the major wheat-growing regions of the world appears to be putting a floor under wheat prices. Dry soil conditions that hampered the planting of winter wheat in Ukraine and Russia… Read More

Super-Strong El Niño Still Growing

It is shaping up to be the biggest in recorded history. But even if the El Niño currently heating up the waters off the coasts of Central and South America fails to make the record… Read More

Success and Style in Managed Futures

Markets change personality depending on the underlying emotions guiding them. At any given time, every single market is doing one of three things: going up in response to greed, going down due to fear or… Read More

Time to Re-enter Platinum / Gold Spread

Certain relationships in commodities demand attention – especially when they are out of whack. One of these is the price differential between gold and platinum. Both are “precious” metals, but platinum is much rarer. Miners… Read More

Investing in the New Gold: Protein

The need for food is unrelenting and universal. It has been the force behind mass migrations and wars. English cleric and scholar Thomas Malthus (1766-1834) was fascinated by the relationship between population and food. He… Read More

“Godzilla” El Niño Getting Stronger

The El Niño weather event BMTA examined in our last Alert (click here to re-read) is getting even stronger. Some scientists have increased the probability of a strong El Niño this year to 90%. Other… Read More

How Low Will the Euro Go?

 Europe and the euro are living on borrowed time. Greece may dominate the conversation now, but it is just a symptom of a larger, structural flaw that threatens the long-term survival of both the European… Read More

Bonds Are Almost Out of Gas…

Most analysts will agree that the “gas” or fuel behind the incredible 6-year rally in bonds (and equities!) is the Fed’s zero interest rate policy or ZIRP.  ZIRP means that any cash invested in safe,… Read More