Posts filed under “Commodities”
From Ron Griess and the always fascinating Chart Store, we see a very different read of inflation.
He shares this awesome selection from his weekly blog (subscription only) of commodities, crude oil, copper, gold, silver, corn, coffee, cotton, and the S&P500 — all priced in terms of hourly earnings:
> “Dr. Copper is telling us that while the U.S. equity markets are being priced by such frivolous things as U.S. holiday retail sales, the global economy is experiencing a deceleration in growth [that will become evident] in the first half of next year.” -Jason Schenker, chief economist at Prestige Economics. > Those of you…Read More
FusionIQ’s Kevin Lane notes: Copper as seen on this weekly chart through last tick has broken two supports first near $ 50.00 (red line) and second (green line) near $ 46.00 – this free fall on volume is more indication that the market believes we are in a recession given copper’s ties as an economic…Read More
Its a slow holiday week, and with the end of August on us, we can have a little fun with the maps below from floatingsheep. They have mapped the price variants of marijuana across the country. Yellow = more expensive, Darker green = lower price. (There are no controls indicated for quality of product or…Read More
click for larger graphic Recalculated with base of 100. > Gold! Are a new class of investors treating it like Treasuries? The evidence: A stunningly high correlation of Gold to 20+ Year Treasuries (Symbol: TLT) from July 21 through August 16 is 0.89. Over that period, Gold is up 12.3%, while Treasuries up 11.8% (not…Read More