IS Gold Getting Its Glitter Back?

The expansion of the quantitative easing by the ECB has put a renewed pressure of the greenback to go up. Mind you euro is the biggest component of the dollar basket and the QE has been hugely negative for the euro. When the U.S. dollar goes up then naturally the commodities priced against it will go…...

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Gold Roars

It seems that the press conference by Chairwoman Janet Yellen on Wednesday June 18th was not that benign after all. The equity market went to bed feeling good with S&P 500 closing at all time high. The currency market went into the night whiplashed. The gold traders went to bed mostly unconcerned but woke up…

Sweet Sugar In June

Agricultural crops have always been strongly influenced by the vagaries of nature and weather. It is true that smaller acreages are producing bigger crops and the world has become smaller enabling easier food export-import. But, it is also true that the production, storage and consumption of agricultural products vary greatly by season. So it not surprising that the seasonal effect is visible in the price-action of…...

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Inflation or Deflation

The ninth month of the year 2012 has seen a series of quantitative easing and stimulus announcement from a sundry of major government and central banks. First off the block was the ECB, which announced a commitment to buy unlimited amount of sovereign debt of up to three years in maturity. Then China’s central government…

Gold Is Getting Its Mojo Back

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…

Good Weather In Latin America And Coffee Peaks In May

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…