Traders call the Australian dollar a “commodity currency” because its economy is heavily dependent on natural resources. Australia is the number 1 exporter of iron ore, the 2nd largest exporter of aluminum ores (as well… Read More
Watch Your Wallet: Inflation Is on a Roll
The Consumer Price Index is soaring, pushing prices up over 5% on an annualized basis. This is a 13-yr high. Wages in hospitality industries, like hotels and restaurants, are up 7.6% over the past year,… Read More
10-Year Treasuries Testing Key Support
Covid cases are declining, and with them, the fear of another disruptive slowdown. Inflation is getting all the press – especially energy price inflation. This increases the odds that the Fed will follow through with… Read More
Weakness In Soy Is Opportunity to Get Long
Shortages and rising prices define today’s economic reality. Crude oil is up 106% since last October, and recently hit a 7-year high. Natural gas is up 131% and hit a 10-year high. Container ships are… Read More
Will the End of Stimulus Deflate Overblown Bonds?
Strong demand continues to drive the price of essential goods higher. The average price of a home is up 18.6%. The price of gas is skyrocketing. So are the costs for basic staples like grain,… Read More
Micro Bitcoin Futures: A Nifty New Tool for Traders and Speculators
Micro Bitcoin futures (symbol MBT), which cover 1/10th of a bitcoin, give traders and speculators a way to manage bitcoin exposure in smaller, more manageable chucks. Because it is just as easy to sell futures… Read More
Crude Going “Back to the Future”
OPEC and its big-producing ally, Russia, have masterfully managed the price of crude oil throughout the entire Covid crisis. Coordinated supply cuts fueled an incredible 1,084% gain in front-month WTI crude oil futures, which soared… Read More
The Pop in the Dollar Is An Opportunity to Get Short
Speed defines modern markets. Changes in sentiment manifest themselves instantly and get discounted by price movements almost as fast. 10-year Treasury Notes yielded 1.73% three months ago, confident that the trillions being pumped into the… Read More
Exit Seasonal Bear Spreads in Soybeans & Enter Low-Cost Bull Spreads in Cocoa
Much needed moisture across portions of the American grain belt weighed on soybean futures last week. Prices plummeted, bashing soybean bulls in the process. Front month futures finished the week 23.8% lower than the $16.675… Read More
“Good as Gold” Still Applies
Prices are rising. Crude is up over 100% from November. Corn, soybeans, cotton and coffee are soaring, with gains approaching 50% or more. Gasoline costs roughly $1.02 per gallon more than last June – just… Read More