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Global Shipping Rates Sink As Trade Runs Aground

Global Shipping Rates Sink As Trade Runs Aground

The Baltic Dry Index, a composite of the Capesize, Panamax and Supramax Timecharter Averages, hit a one-month low this week, pulled down by weaker demand for Capesize vessels. The shipping index is widely viewed as a proxy for dry bulk shipping stocks as well as a general shipping market barometer. Baltic Dry Index quote (data via Reuters Eikon)  […]
Is The Gold Bull Back?

Is The Gold Bull Back?

The price of gold appears to have bottomed, after declining since 2011. Here is a look at the weekly trend. Gold has carved out an ABC bottom, (C above A followed by a rise above B). The breakout at the blue arrow overcame six months of resistance. Price is now tackling the 200 week moving […]
Think Trump And Powell Aren’t Getting Along? Try Looking At India

Think Trump And Powell Aren’t Getting Along? Try Looking At India

If you think President Trump is upset with Federal Reserve Chairman Jay Powell, you should see what’s going on in India. Central bankers had been every government’s close friend for years; a decade even. The relationships were beyond chummy, particularly as many governments celebrated their central bank heroes for heroically heroic actions saving the world […]
Australian Dollar Shows Some Rare Resilience, May Hold Up

Australian Dollar Shows Some Rare Resilience, May Hold Up

The Australian Dollar heads into a new week in perhaps one of the strangest positions besetting any widely-traded currency. Its low point for the year against the US Dollar remains uncomfortably close for the bulls. All the same, AUD/USD last week breached the downtrend that had dominated for nearly all of 2018, thanks to strong domestic trade data and […]
4 Sector ETFs & Stocks For Bountiful Gains In November

4 Sector ETFs & Stocks For Bountiful Gains In November

After a scary October filled with myriad woes like rising interest rates, Italy’s political turbulence, Saudi tensions, tech sell-off, escalating U.S.-China trade war and uncertainty regarding mid-term election, November is expected to be a good month for Wall Street, leading to a strong rebound in U.S. stocks. This is because, historically, November marks the start […]
Crazy Weather Models Shake Up Nat Gas

Crazy Weather Models Shake Up Nat Gas

Weather continues to push around natural gas at will, with far warmer overnight weather models pushing prices far lower before colder afternoon model guidance shot prices back up to new highs.  Weather was clearly the primary reason for the spike with the front of the strip making the largest gain on the day.  The result […]
How Did Hedge Funds Do In October? The Numbers Are A Bit Confusing

How Did Hedge Funds Do In October? The Numbers Are A Bit Confusing

An update from Crescat Capital shows they had a fantastic October, but many hedge fund return stats were less impressive. Third Point’s Dan Loeb which has beendueling with Cambell Soup had a rough month down 6.7 percent or so. Bill Ackman’s Pershing Square Capital which had been mounting a comeback year, put up awful number of -8.4 percent. Bearish […]
Positive Implications For Gold Miners If Crude Oil Breaks Down

Positive Implications For Gold Miners If Crude Oil Breaks Down

It’s an over obsessed upon commodity, previously hyped for its (Hubbert’s) “peak” status by “experts” like T Boone Pickens and a whole clown show of promoters. Now WTI Crude Oil has reached a thick resistance zone and may be breaking down from a peak of a whole other kind. Here is the monthly chart we use. It is preliminary, […]
Market Talk – Friday, Nov. 2

Market Talk – Friday, Nov. 2

If we had all gone home just after the US employment numbers, we would have all had a wonderful weekend and no-one would be any wiser! However, as we know with markets, nothing is ever as it seems. Let’s just skip to the final half of the day just after the numbers from the US. […]