Hot Commodities

Soybeans hit our upside target of $10.60 per bushel last week, supported by Chinese demand and buying from large commodity funds. Corn and sugar have not hit our upside targets yet, but are doing well…. Read More

Soybeans & Corn Breach Key Levels

Strong Chinese demand, deteriorating crop conditions in the US, and a weak US dollar have helped to push the prices of corn and soybeans above key resistance levels. This is setting the stage for a… Read More

Ten Year T-Note Low-Cost Contrarian Play

Interest rates measure the cost of money, which means they eventually help determine the cost of everything else.  In “normal” markets, the cost of money is determined by the market itself. But today’s interest rate… Read More

Silver Finally Breaks Out

Silver has busted out, slicing through its 2016 high of $21.23. The poor man’s gold took out our first upside target of $19.25 per ounce on July 9. It is now within a stone’s throw… Read More

Gasoline Running on Empty – Time to Exit Longs

Commodity markets often have seasonal tendencies due to planting cycles, weather and/or demand. Hog and cattle prices tend to peak in mid-summer during prime grilling season. Gasoline futures tend to peak in late spring or… Read More

Stock Rally Likely to Prove Ephemeral

There has been a lot of talk in the financial press about the shape of the COVID-19 recovery. “V” shapers view the huge 38% rally in the S&P 500 as predictive and a solid signal… Read More