The latest word on those nefarious oil speculators

A new report from Michael Masters, scourge of the commodity index speculators, provides some startling numbers that, on their face, ... into the major commodity indices." The price of West Texas Intermediate (WTI) crude oil rose $33 per ... for the exits of the S&P Goldman Sachs Commodity Index." They pulled out about $39 billion. The price [more...]

Date: 2008-09-10 20:02:23

Blog posts (173) | Videos (168)
 

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

After worst year ever, commodities may lag recovery

Technorati Tags: Baltic Dry Index,Baltic Dry Indices,Ship Chartering,Shipchartering,Voyage Fixtures,Time Charter Fixtures,Panamax,Capesize,Handymax, ... Baltic Index,Maritime China,Commodity,Iron Ore,Coal Friday, 02 January 2009 Commodities, until six ... day, wiping out six years of nearly unbroken gains in the space of months. Commodities led [more...]

Date: 2009-01-02 08:34:00

An Encouraging Economic Analysis

Here is a piece of encouraging economic analysis from the folks over at The Tycoon Report by Teeka Tiwari called 5 Bank Panic Mega-Trends. We’ve seen the CRB Index, which is an index made up of 19 different commodities, fall 30 ... daily use” commodities is like a tax rebate check for the entire planet. 2. Oil prices are down near 40 [more...]

Date: 2009-01-08 20:39:17

GOLD vs Dollar

It is a brand new year. Shrugging off the dust, let’s start the engine again. I would like to have a long term view of currencies pairs and commodities movement before ... at weekly Dollar index: dollar_index_weekly Charts generated by Market Club. Fundamental wise [more...]

Date: 2009-01-04 01:11:21

Are Speculators Really That Bad for Commodities Markets? (pfblogs.org)

David Enke submits: Commodity index investors (ie, speculators) sold $39 billion worth of crude oil futures between the July market peaks and September 2nd, a time that saw a rapid sell-off in crude oil prices (see Independent.iearticle).Complete Story » ... [more...]

Date: 2008-09-12 11:41:59

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

Commodities: Uncertain Futures

Commodity indexes are pulling in triple-digit returns. But the slight differences in performance offer clues to their potential volatility [more...]

Date: 2008-07-18 07:30:32

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

Index Linked CDs, Are They Worth It?

In this new era of extremely low interest rates, is it possible to get a decent return without taking on too much risk? ... and commodity indexes, and their rates depend on how the index does. ICD maturities usually range [more...]

Date: 2008-12-17 04:02:46

TREASURY BUBBLE UPDATE -- 1/7/09

"The boom can last only as long as the credit expansion progresses at an ever-accelerated pace. … But then finally the masses wake up ... , you know that long-term Treasuries had a stellar year in 2008 -- their prices hitting historical highs ... commodity or index. ETFs trade just like regular stocks, so they're easy to buy and sell [more...]

Date: 2009-01-07 17:18:00

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

Derivative Bets Gone Bad May Worsen Shipping Industry Woes

When it rains, it pours. Amazingly, the list of possible casualties from positions on forward freight agreements includes not only ship owners, ... in charter rates for ships carrying coal, iron ore and other commodities. The sector’s Baltic Dry Index ... director in the futures division of London’s Simpson, Spence & Young shipbrokers, said the market’s [more...]

Date: 2008-11-04 07:26:33

As global economy slows, visions of $80 oil grow

As global economy slows, visions of $80 oil grow Posted Aug 31st 2008 4:30PM by Joseph Lazzaro Filed under: Forecasts, Good news, Commodities, ... holdings in raw materials through the Standard & Poor's GSCI Index, a commodity gauge weighted ... , as institutional investors and traders sense that the great bull run in commodities is at least pausing [more...]

Date: 2008-08-31 21:05:31

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

Selling decimates the markets; gold rallies, T-bill rates dive

Calamity rules in markets today after the House, in a shocker, voted down the financial-system bailout bill ... demand to dry up if the global economy contracts sharply. Crude oil futures are down $9.26 to $97.63 a barrel. The Reuters/Jefferies CRB index of 19 commodities is down 5%. The only major commodity [more...]

Date: 2008-09-29 19:36:55

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

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

Capitulation Nation

There will not be a sign like this to let you know it is safe ... Advisors. Some of this may be taking place — high-flying agricultural and commodity-based stocks ... Index, or the VIX, to levels above 30, suggesting heightened worry. Of late the VIX was trading below [more...]

Date: 2008-07-08 09:28:00

2008 in Review: Best and Worst Indexes, Stocks, Commodities, Currencies and More!

by Addison Wiggin & Ian Mathias 2008 retrospective… unless you reside in a small African country, your market lost money A closer look at the year for American markets… the few winners, and many losers Worst year on the books for commodities too… with four notable exceptions Crude oil pops 14%… Russia moves another pawn in the [more...]

Date: 2009-01-02 19:51:04

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

Commodities: Bear Market or Bounce?

By Martin Hutchinson Contributing Editor With oil off more than 20% from its July peak, and the Reuters-CRB Continuous Commodity Index down 19% from its June high, traders are betting that... Money Morning is here to help investors profit handsomely on this seismic shift [more...]

Date: 2008-08-27 02:42:30

Wednesday links: quant comedown

Is trading against the trend worth the risk?  (MarketSci Blog) What now for quants?  (Market Movers) The VIX was never all that accurate.  ( ... .  (Daily Options Report) One attempt at a lazy, ETF-heavy, retirement portfolio.  (Infectious Greed ... market?  (Bespoke) What effect has the commodity index re-balancing had on the markets [more...]

Date: 2009-01-07 17:53:19

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

Earnings (Disappointment) and Lay-Off Season

The Dow is down another 50 points at this writing, and both Eurozone and Asian stock markets are down almost across the board. (So are my beloved grain futures.)David Calloway wrote this prescient editorial on Marketwatch ... out earnings growth and demand for commodities. U.S. index futures declined.Here is the entire [more...]

Date: 2009-01-08 11:11:00

How To Read And Interpret A Weekly Economic Calendar: Institute For Supply Management (ISM)

Formerly known as the NAPM. Change was effective in January 2002. ISM is a composite diffusion index of national manufacturing conditions ... on commodity prices and clues regarding the potential for developing inflation.The Federal Reserve ... monthly Live Accounts contest,This is NOT a demo contestthis is a live trading competition open [more...]

Date: 2008-12-28 22:25:00

Copper Rises in London on Speculation China Will Purchase Metal

By Claudia Carpenter Jan. 9 (Bloomberg) — Copper rose in London, erasing this week’s loss, on speculation that China’s State Reserve Bureau, ... . Aluminum inventory in warehouses monitored by the Shanghai Futures Exchange declined 18 percent ... in the UBS Bloomberg CMCI Index of 26 commodities. On the LME, copper inventories jumped 5,875 tons [more...]

Date: 2009-01-09 16:23:59

The Cheese is Back

by paradox In these carefree times of 2009, such times of prancing nonchalance, not only has the US Manufacturing Index cliff-dived but commodity prices have too--crude oil has been on a dive none of us will likely see again--and the dreaded dairy price subsidies have kicked [more...]

Date: 2009-01-03 15:41:29

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

Introducing GalaTime 5L Virtual Portfolios

I’ve been mulling over some new initiative in the area of portfolio management for retail investors in India ... . Q: Is this an investment / trading game? Is this an online tool that allows me to track ... ; these include - stocks, stock & index futures & options, ETFs, commodity futures &amp [more...]

Date: 2008-12-27 14:18:04

American Gold IRA Report: Gold Heads for Record Eighth Annual Gain on Dollar, Recession

By Stuart Wallace Dec. 31 (Bloomberg) ... Index of 26 commodities this year, behind cocoa. The gains attracted money from investors seeking ... . This year’s advance would be the smallest since 2001. Futures for February fell $10.40, or 1.2 percent [more...]

Date: 2008-12-31 17:00:37

Evergreen Solar Extends Slide On Lehman-Related Fallout

a second-straight day on concerns about complications related to a stock-lending agreement with Lehman Brothers in connection with a May 2008 ... by Lehman and indexed to something called the ” Lehman Brothers Commodity Alpha Trading Strategies I Excess ... %, to $10.09. Best Buy (BBY) shares are trading lower this morning after the company posted [more...]

Date: 2008-09-16 13:46:57

Where are Commodity Prices Headed Next?

Want to predict commodity price movements? According to this research, the exchange rates for Australia, Canada, Chile, New Zealand, ... ), (ii) the Commodity Agricultural Raw Materials Index (including timber, cotton, wool, rubber [more...]

Date: 2008-09-09 07:24:00

Dollar Dead With Debt

Edward Griffin - Interest on nothingPeter Schiff "Obama Will Unleash Worse Crisis Than We Have Now"How U.S ... is DEAD and Gold is alive. Changing Gold’s weightings in the Commodity Index is a sick joke by sick [more...]

Date: 2009-01-09 02:43:00

CFD Trading Australia

by TRADERREPORTS As the name suggests, Contracts for difference (CFD) ... ) can be traded on equities (shares), index trades, FOREX and commodities. Contracts for difference allow investors to take long or short positions, and unlike futures contracts have no fixed expiry [more...]

Date: 2009-01-05 16:06:34

Earnings on Tap this Week

Earnings season does not really begin in earnest until NEXT week but the first wave is hitting this week ... . That said, we hold a few commodity stocks on the "reflation" trade and any day oil, or the Baltic Dry Index rise HAL9000 and friends drive up commodity stocks as if the world economy will turn any [more...]

Date: 2009-01-05 12:30:07

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

Fed Officials Worry Inflation Rates Could Ease Too Much

Jon Hilsenrath reports from San Francisco. Federal Reserve officials at the annual meeting of the American Economic Association indicated they are ... , the year-to-year change in the consumer price index is likely to tip into negative territory ... commodity prices at the onset of the crisis have ebbed dramatically, and inflation is subsiding,” Janet [more...]

Date: 2009-01-05 06:16:25

How Long Will Recession Last? The Commodity Bottom, Dirty Dividends, iPod Index, and More!

by Addison Wiggin & Ian Mathias Drama in the details… predicting 2009 recession with 1929 charts Forget the market and GDP… the real ... goes furthest, below Frank Holmes on the commodity “inflection point” and how to buy in coming [more...]

Date: 2008-11-03 20:34:27

Following the Market Dive

Following the Market Dive By Mike Nizza The Closing Bell, 4:05 p.m. To end the day, an A.P ... from Canada. The Toronto Stock Exchange index, which is heavily weighted with energy and commodity ... prices for investors. Polls, however, indicated that his perspective was not shared by many voters [more...]

Date: 2008-10-10 14:16:38

Baltic Dry Index

Want to take a look at something a little scary? Not sure I understand this in the least, but as it was explained to me, this is a page of what commodities are being shipped where, the Baltic Dry Index. It really puts ... up again, and people start shipping stuff. Like food. And oil. [more...]

Date: 2009-01-08 23:46:00

Asian Session - All Calm Right Now

Market Brief Usd was stable in Asian session as the lack of new data and non-data events gave speculators nothing new to trade on ... . Asian Equity markets are in the green while European index futures are pointing to a negative open. Commodities are higher with wti crude trading at $129.88bbl and gold up [more...]

Date: 2008-07-21 08:30:46

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

NEWS WIRE: Pakistan: The Case of Microfinance in the Post Crisis World

Source: The Nation. Original news wire here. Pakistan, ... caused by rising energy and commodity prices. The Sensitive Price Index (SPI) which measures a basket [more...]

Date: 2009-01-09 05:01:46

Better

Party Like It's 1975? Gary Kaltbaum As the first few trading days of January goes: the major indexes have all edged above the 50-day average, commodities are coming off their crash lows, and earnings will be coming out in droves soon. According to Gary Kaltbaum, not everything is perfect but the market is looking better. [more...]

Date: 2009-01-06 16:00:00

Is Market Linked Certificates of Deposit Right for You?

I was speaking to a representative at Wells Fargo today when she pushed their Market Linked Certificate of Deposit (MLCD) ... be linked to commodity prices, currencies, and even benchmarks like the Consumer Price Index (CPI [more...]

Date: 2009-01-09 14:00:38

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

Media Digest 1/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg (GM)(C)(IBM)(TWX)(VIA)(WFC)

According to Reuters, Wall St. closed its worst year since The Depression ... of the US financial stock index dropped 57% last year. The FT reports that the commodities markets ... giant Gazprom has cut deliveries to the Ukraine The New York Times reports that US markets lost [more...]

Date: 2009-01-01 10:40:54

Higher commodity prices drive up TSX

Higher commodity prices drive up TSX The S&P/TSX composite index kicked off another shortened trading week on Monday with a triple-digit ... [more...]

Date: 2008-12-30 03:15:52

JPMorgan Take on ISM

The December ISM manufacturing survey was grim. The composite index declined from 36.2 to 32 ... we generally already knew from falling commodity prices. Overall this report was a bad end to a bad quarter, and it gave no real sign of momentum going into early 2009.· The new orders index declined [more...]

Date: 2009-01-02 17:26:17

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