Hourly Action In Gold From Trader Dan
Dear CIGAs, Due to time constraints associated with trading I have to keep things short today – gold rebounded off of support near yesterday’s lows ... the line just below $866 or so. Some of this selling is no doubt associated with commodity index fund ... up all the gains that it managed to ridiculously acquire as the ninny index funds went diving [more...]
Date: 2009-01-08 19:18:29
Blog posts
(16) |
Videos
(2)
Lieberman Proposes Barring Institutional Investors From Commodities
Whether it comes to fruition is to be determined, but taken at face value, ... and index funds from investing in commodities is a Nixon-goes-to-China moment, a significant indicator ... that this will simply drive investing in commodities overseas. Perhaps, but funds regulated under [more...]
Date: 2008-06-12 05:14:27
Traders Driving Oil Prices Up
"Just about everyone is ducking for cover. Big Oil is pointing fingers at hedge fund managers, who blame commodity index funds, who in turn cite surging demand in China, production losses in Nigeria [more...]
Date: 2008-06-19 20:03:56
Shocker: Federal Regulators Conclude That Oil Speculators Not Responsible For High Gas Prices
The Commodity Futures Trading Commission has released financial data indicating that commodities traders engaged in oil speculation have had little ... driving the future price of oil down. Commodity index funds also have a much smaller share ... of transactions worth billions of dollars between January and June of this year. Commodity futures [more...]
Date: 2008-09-15 14:50:11
Scott Irwin takes down Michael Masters
Econbrowser is pleased to host another contribution from Scott Irwin, who holds the Laurence J ... the charge that speculative buying by index funds in commodity futures and over-the- counter (OTC ... misunderstanding of how commodity futures and related derivatives markets actually work. It is important [more...]
Date: 2008-09-17 20:55:26
Food Crisis to Resume Next Year?
We haven't spent much time talking about our "World of Shortages" themes since the commodity indexes have crashed, with hedge fund deleveraging being one of the main culprits. Certainly demand destruction is part of the theme as well. However, the implications as we look out past the short term remain dire [more...]
Date: 2008-11-26 11:30:00
Money Magazine recommends commodities (kind of)
It's only six percent and it's not really commodities, but commodity stocks instead, however, ... 9%, the Goldman Sachs Commodity Index, which tracks oil, metals and food futures, averaged a 13% annual return. In just the past five years, commodity-driven mutual funds have gained an annual average [more...]
Date: 2008-06-27 13:18:00
Lean Hog Prices Poised to Climb in 2009
Bloomberg reports that "In the worst year for commodities in at least five decades, hogs rose 6.6 percent, the second-biggest gains on the Reuters/Jefferies CRB Commodity Index, behind cocoa."The article quotes fund manager Mark Greenwood: “We’re going to have 3 to 4 percent less pigs next [more...]
Date: 2008-12-22 23:57:00
Hourly Action In Gold From Trader Dan
Dear CIGAs, “Behold the madness which the hedge funds and index funds have wrought! ... . What has set off this particular rash of idiocy is the rebalancing of the various commodity ... . There was once a time when large traders knew how to slowly and gradually move money [more...]
Date: 2009-01-07 19:05:34
Hourly Action In Gold From Trader Dan
Dear CIGAs, It is difficult to get an accurate read on today’s price action because it was dominated by front running of index fund rebalancing to conform to changes being made in some of the major commodity indices. Copper was up 7% at one time ... the various commodity markets. Frankly I find the idea of reducing the weighting of gold [more...]
Date: 2009-01-06 18:59:22
Here Comes the Commodity Index Rebalancing
The major commodities indices are being rebalanced, and I am forced once again to question their timing ... of the new year. In the case of the DJ-AIGCI — which JP Morgan estimates has $25bn in funds tracking it — [more...]
Date: 2009-01-07 12:26:15
Managed Futures Shine in 2008 Massacre
Managed futures funds or Commodity Trading Advisors (CTAs) ... % gain for the CSFB/Tremont Managed Futures Index. Only dedicated short-sellers have outpaced CTAs ... as margins collapse and assets nosedive. It’s a different story altogether for managed futures this year [more...]
Date: 2008-12-22 15:14:05
THE FINTAG NEWSLETTER @ 11 December 2008
FINTAG COMMENT Cash or no cash. I was queried yesterday. Apparently I am not sitting on cash and most hedge funds aren't ... ; not that my investors know - they think I am fully invested. We have the usual index futures, some commodity ... ' boards, hire and retain yes-men administrators and spread their trades around Prime Brokers who don't see [more...]
Date: 2008-12-11 06:40:26
Sovereign Wealth Funds Shun Global Investing amid Crisis
Only 12 months ago pundits claimed most emerging markets would be immune from the credit crisis engulfing the United States and Europe ... constituent of the four commodity indexes I track (CRB, GSCI, Rogers and AIG-Dow Jones), has tanked ... or Sovereign Wealth Funds. That picture is now dampened by rapidly compressing asset values [more...]
Date: 2009-01-09 14:17:56
Managed Futures Shine in 2008 Massacre
Managed futures funds or Commodity Trading Advisors (CTAs) ... , trade over 100 highly liquid global futures contracts, including stock indexes, bond indexes ... compared to a 15.6% gain for the CSFB/Tremont Managed Futures Index. Only dedicated short-sellers [more...]
Date: 2009-01-07 19:38:44
Precious metals slide with commodities on risk reduction & dollar strength
London, 03 October 2008 - Selling was seen across the commodity spectrum yesterday with the CRB & GSC Indexes losing around 4.5% as dollar strength, record borrowing rates and risk reduction prompted fund and investor liquidation. NYMEX crude futures finished down $4.56 at $93.97/barrel and have weakened further overnight [more...]
Date: 2008-10-03 07:43:59
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