by Frank Pavilonis
The Euro has seen a recent bounce, along with the U.S. stock market. However, I think the euro rally will fade given the still-shaky economic situation in the Eurozone. Overall, I think the trend is still bearish, but right now we are seeing a bit of a short squeeze.
The debt crisis in [...]
Of course to the athletes, an Olympic medal is priceless. But just what is the value of an Olympic medal? If you are watching the games, you may have noticed the impressive size of this year’s medals, which are heavier than medals of recent past Olympics. With gold prices near record highs, they are worth [...]
Gold and Natural Gas Corrective Moves
by Carol Hurley
Gold and natural gas are two commodities that have been making headlines recently—although they have been moving in different directions for different reasons. I think short-term corrective moves in both markets may be in order, and may have already begun.
Gold
Gold reached an 18-month high on September 11, 2009, [...]
Natural gas has been one of the poorest performing commodities this year, trading at 7 1/2-year lows and disconnecting from crude oil, which has been on the rise this year. Finally the market has shown a sign of life. Whether it’s profit-taking or the start of a new trend remains to be seen, but natural [...]
Weekly COT Report Looks Bearish Metals, S&P
by Matt Roma
The Commitments of Traders (COT) Report is released by the Commodity Futures Trading Commission (CFTC) every Friday afternoon. This report contains useful information about the positions of various participants in the futures markets. It can be found on the CFTC’s web site at www.cftc.gov.
The COT reports provide [...]
Three days of CFTC hearings are underway on the topic of speculation in the futures markets, and the impact on market pricing.
“This hearing is an opportunity to determine how speculative position limits could be used to address excessive speculation, not how we can eliminate speculation,” said CFTC Chairman Gary Gensler, adding that the CFTC “must [...]
U.S. Dollar Takes Centerstage, by Mike Hinman
In just about every market, there has been a unique theme presenting itself during the last few months: the U.S. dollar has taken the global center stage. If you want to survive these trying times, I think you have to keep your eye on the dollar. Why? You don’t [...]
Join us for two live webinars this week at no cost, and ask your questions via chat. On Monday June 22, join Lind Plus Senior Market Strategist Mike Hinman for our weekly Markets on the Move webinar at 3:30 CT. Mike will share his thoughts on the direction of the U.S. dollar and its impact [...]
Crude oil futures are down in early trade, with the August contract sliding under $68 a barrel after the World Bank predicted the global recession will be deeper than expected, contracting 2.9 percent this year.
MF Global Research Analyst Ed Meir said he believes the deterioration in the Iranian situation should keep keep prices close to [...]
June kicked off with a big bang, as stocks and many commodities hit new highs for the year. Is it time for a breather? Lind Plus Senior Market Strategist Jeff Friedman said “today could be a turnaround Tuesday” as bulls take some profits. “The signs are coming for a stronger sell-off,” he added.
Technical momentum indicators, [...]
