The Next Big Bubble
As we enter May 2020, I can’t remember a time in my six decades on this earth (yes, I was born in the ’70s) when there was as little trust as there is today. So little trust in anything. “Fake … Continued
Paul Tudor Jones: Own Commodities & Hard Assets, Avoid Stocks & Bonds
“I want to own commodities, hard assets, and cash.” ~ Paul Tudor Jones Legendary investor Paul Tudor Jones (PTJ) offered a bullish view of commodities in a wide ranging, pointed interview with Goldman Sachs. He also made it clear that he is … Continued
This Chart Could Be Signalling Something Bullish Ahead For Commodities
Emerging market equities have enjoyed a strong July and the EEM exchange-traded fund is on the verge of breaking out from a completed head & shoulders chart pattern bottom: EEM (Daily – 3 Year) A breakout above major support/resistance … Continued
The Most Bullish Chart Right Now
In March we witnessed the largest monthly inflows to emerging markets since June 2014: This is a very bullish chart because it bodes well for commodities and global growth. The emerging markets unwind has been one of the biggest … Continued
Commodities Cheapest Since 2008; Early Signs of A Trend Change
According to the Bank of America/Merrill Lynch (BAML) fund manager survey gold is the most undervalued it has been since 2008 and crude oil is the most undervalued it has been since the survey began in 2008: … Continued
Cancana is Uniquely Positioned to Weather the Commodity Storm and Capture Market Share
Cancana JV Poised to Capture Market Share During the Commodity Storm As a result of the global commodities downturn manganese ore production is being cut around the world: UMK cuts manganese ore production by 50% South32’s Q2 manganese ore … Continued
Commodities Suffer Worst Decline in More Than 80 Years
The current commodities bear market is nothing short of the worst 10-year decline since the Great Depression: And the losses only got worse this morning when WTI Crude Oil futures were down more than 5% printing a low of … Continued
Why The Fed Won’t Hike On Wednesday
This is a really smart note from @rareviewmacro: To boil this down, a rate hike on Wednesday will likely to serve to only ‘tighten’ market conditions further, whereas, a decision to keep rates on hold would generate a sell-off … Continued
Commodities Reach New Lows As Hedge Funds Pile On
With the CRB Index plumbing new lows on a daily basis managed money such as CTAs and hedge funds are betting on more downside by moving to a virtually unprecedented net short position across the commodities futures complex: CRB … Continued
RBC Throws Down The Hammer On Commodities
From RBC: “The reason for the recent poor performance of commodities as an asset class is two-fold: 1) fundamentals are bearish across most of the complex (which we will leave outside the scope of this particular analysis); and 2) there … Continued