Chairman Ben Bernanke’s Jackson Hole speech turned out to be quite positive for reflationary trades and this was reflected in the price action of gold and US dollar. SPDR Gold Trust (GLD) attracted nearly $2 billion in fresh assets in August, more than most exchange-traded funds. With a gain of 4.6%, August turned out to be…
Here is what I am reading: The work of John Maynard Keynes shows us that counter-cyclical fiscal policy and an easing of austerity may offer a way out of the Eurozone crisis (The London School of Economics) China’s Slowdown May Be Worse Than Official Data Suggest (Federal Reserve Bank of Dallas) Gold Bulls Strongest in…
Commodity Trader’s Almanac observes that coffee prices have a seasonal pattern of peaking in May. This weakness provides a seasonal tradable short opportunity in coffee futures in May. Being an agricultural crop, coffee is affected by the global production. Latin America – mostly Columbia and Brazil – is a major producer of coffee. If the weather there stays good…
Copper is referred to as Dr. Copper because of its unique ability to predict economic trends – and also because it is the only commodity that has a Ph.D. in economics. “Because of copper’s widespread applications in most sectors of the economy – from homes and factories, to electronics and power generation and transmission – demand…
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