Posts filed under “Commodities”

Ryan’s Notes Metal Conference

This morning, I will be giving a Macro overview to a group of metals and commodities investors at 10:00am at the annual Ryan’s Notes Conference at the NYAC in New York.

If you are attending, please swing by to sat hello . . .

Category: Commodities

Hours of Labor Required to Buy One Unit of Gold or Oil

These three charts are pretty cool (courtesy of The Chart Store) — they show many hours you need to work in order to buy one unit of each of these — Oil, Gold and the4 CRB Commodities Index. This introduces another element to commodity pricing — relative wage gains. > click for larger charts

Category: Commodities, Gold & Precious Metals, Wages & Income

Lumber Prices: Leading Indicator for Private Nonfarm Payrolls?

In the chart below we take a look at the relationship between lumber prices and private nonfarm payrolls.   Clearly they tend to move together on a monthly basis.  One of the transmission mechanisms of monetary policy is the impact of interest rate changes on the  construction sector, which has historically been a leader of…Read More

Category: Commodities, Employment

Fun with Gold Bugs . . .

An old friend swung by the office today to chat. She is a rather well known in certain circles, a savvy investor who has done very well with miners and precious metals. We discuss the economy, inflation, markets, oil. Near the end of her visit, she proceeds to tell me that the paper money I…Read More

Category: Commodities, Currency, Gold & Precious Metals

Reuters/Jefferies CRB Index 1749-2011

I love this CRB chart via Jim Bianco of Bianco Research: >

Category: Commodities, Technical Analysis

Ian Bremmer of Eurasia Group on China, Commodities


Commodities Tumble: Is China’s Economy Next?
Peter Gorenstein
Yahoo Daily Ticker May 12, 2011

Category: Commodities, Video

Import prices continue to spike

Thanks to the weak US$, rising commodity prices and growing wage inflation in China, April import prices rose 2.2% m/o/m and are now up 11.1% y/o/y vs expectations of 1.8% and 10.4% respectively. It’s not just food and energy too as ex that prices were up .5% m/o/m led by a 5% rise in the…Read More

Category: Commodities, MacroNotes

GS: $100 Billion Rout in Commodities “Only Temporary”

A technical break in oil and silver, increased margin requirements by the CME, and a fast exit by speculators have combined to whack the commodities complex by more than $100 billion in a week. The value of the 24 commodities tracked by S&P GSCI index fell almost $90 billion dollars. Add to that the precious…Read More

Category: Analysts, Commodities, Technical Analysis

What will bring a rate hike or QE3

Fed voting member Kocherlakota in a speech is covering all his bases in terms of his thoughts on where future policy will go if it were up to him. IF core inflation reaches his estimate of 1.5%, he will vote for interest rate hikes. IF core inflation “were to fall over the course of ’11…Read More

Category: Bailouts, Commodities, Federal Reserve, MacroNotes

Dr. Copper Falls Through the Ice

Chart of the Day: Dr. Copper broke through its support at 4.10 and is below 4.00 for the first time since early December.   Lots of flakes in this chart as head and shoulder patterns are ubiquitous.   Copper is a very crowded trade and some big players have bet the ranch.  Unless we get an intraday…Read More

Category: Commodities, Technical Analysis, Think Tank