Yep, still running the show.
Commodities
Blaming Retail Investors for Commodity Prices
“Commodity index rolls have little futures price impact, and inflows and outflows from commodity index investment do not cause futures prices to change” I haven’t come out strongly on either side of this issue because my job presents me with a dilemma. On the one hand, I believe that individual investors have played at least…
Follow Up: Ag-Related Stocks Being Harvested
Yesterday I discussed the possibility that portfolio managers may now look to the agriculture-related stocks to play catch up vis a vis the metals and energy stock rally. Guess they were thinking just that: Industry Top Performers Intraday Price Performance % Change Market Cap AGRIUM INC. [AGU] +7.31% $8.4 B POTASH CP SASKATCHEW [POT] +6.17%…
Commodity Plays: The Search For What Hasn't Moved Yet
Crunch time for portfolio managers. I read in Barron’s this weekend that the average US stock mutual fund manager is about 5% ahead of the S&P 500 this year, according to Lipper. OK, but it’s the below-average performing PM that really needs the juice right about now, with 10 weeks or so left to make…
Droppin' Knowledge: Fadel Gheit on Oil & Gas
Now that oil prices have joined the party, I thought I’d share some of Fadel Gheit’s thoughts on the energy sector. Gheit covers oil for Oppenheimer and was ranked #3 on the list of Forbes‘ Best Brokerage Analysts for 2009. He spoke to The Energy Report last week about the energy markets: On the discrepancy between…
Peekaboo Crude! We See You!
Uh oh! Look who just showed up at the party! November crude breaking out into jiggy territory…hope you enjoyed those $2 and change gas prices at the pump this summer!
Scrooge McDuck on Gold Investing
[vodpod id=Groupvideo.3629800&w=425&h=350&fv=] Yes, SNL can be funny sometimes. Full Disclosure: I do not advocate Mr. McDuck’s investment strategy of stockpiling gold and then swimming in it. Please see my Terms & Conditions page for a full disclaimer.
G'Day Rates! Australia Tightens Up
Australia’s central bank raised interest rates yesterday, beginning the unwind of their credit crunch stimulus program. They are the first nation in the G-20 to do so. Like Norway and Brazil, Australia derives a great portion of its GDP from minerals and mining exports, and so is more concerned about inflation in the near-term than many other…
BREAKING: The Secret Plot to Kill the Dollar
FYI: This is the story that everyone’s talking about today, gold and metals stocks are going berzerk in the pre-market as of this writing because of it: From The Independent: In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to…
The Sugar Trade
While everyone is reading that New York Post article about how many times a day Hank Paulson and Lloyd Blankfein call each other, the story the Post picked up on sugar trading from Bloomberg this morning was way more interesting to me. From the NYP: Sugar is the new crude oil for investment-hungry hedge funds,…
