Posts filed under “Commodities”

The Falling CRB Index – COMMODITIES-Markets tumble again; CRB at 20-month low
The sell-off in commodities showed little signs of abating on Wednesday as the dollar’s relentless climb against the euro and fears of a Greek exit from the euro zone forced a fresh tumble in prices of grains, metals and oil. The 19- commodity Thomson Reuters-Jefferies CRB index – a global benchmark for the asset class – extended the 20-month lows of the previous session, falling 1.5 percent to a bottom not seen since September 2010. Oil prices fell about 2 percent, with U.S. crude coming precariously close to testing its $90 per barrel support. Benchmark Brent crude in London was trading below $107. “The selling will stop when the market is convinced that the uncertainty surrounding Greece and the rest of the sovereign debt issues in Europe are truly over and the macroeconomic data starts to improve,” said Dominick Chirichella of New York’s Energy Management Institute. The euro fell to an August 2010 low against the dollar amid uncertainties over Greece’s forthcoming elections and worry about the health of Spanish banks.The dollar also gained against the euro after U.S. new home sales rose more than expected in April.

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Bianco Research
Charts Of The Week
May 23, 2012

Category: Commodities, Think Tank

Chinese Defaulting on Commodity Contracts

The BoJ meets tomorrow (2 day meeting) to decide on monetary policy. Speculation continues that they will add to their stimulus measures, which has weakened the Yen. Trade data is out on the 23rd May, which may reveal that the Japanese trade deficit widened in April -  once again Yen negative; The FT reports that…Read More

Category: Commodities, Think Tank

Hours of Work Needed to Purchase: CRB, SPY, Gold, Oil

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:

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Category: Commodities, Gold & Precious Metals, Inflation

Dr. Copper Flashes a Warning

> “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

Category: Commodities, Economy

Copper signaling recession ….

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

Category: Commodities, Economy, Markets

King Copper and a New Low in the Shanghai Index

Doug Kass points us to this chart (from “Fast Money’s” Steve Cortes) depicting copper’s price with the S&P 500. Source: Bloomberg

Category: Commodities, Data Analysis, Economy

Reuters/Jefferies CRB Index Back to 1749

click for ginormous chart Source: Bianco Research, LLC Charts Of The Week, September 21, 2011

Category: Commodities, Data Analysis

Libya Oil Exports

Funny how the war in Libya and the price of Oil have slipped off the radar. Here is a quick reminder of the significance of revolution in this Oil rich country: > Source: Libya Oil Exports WhoWhatWhy, August 31, 2011

Category: Commodities, Markets

The Price Of Weed in the US

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

Category: Commodities, Markets

Global Commodities

Given the spike in copper and oil (but not gold), perhaps its time to take a look this long term chart of commodities: > Source: BLS, FactSet, J.P. Morgan Asset Management. Data reflect most recently available as of 6/30/11. Source: JP Morgan funds

Category: Commodities, Data Analysis