Category Archives: Commodities

All Is Ugly

Posted on May 14, 2012 by macromon

x/ bonds and the U.S. dollar. Tough to find a chart with an uptrend.  The Brazilian BOVESPA and Hang Seng broke their 200-day moving averages today. Commodities are very ugly especially given China’s monetary moves over the weekend, which, generally, … Continue reading →

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Commodities Testing Key Support

Posted on May 7, 2012 by macromon

The CRB Index looks ready to break a key support level which has held twice at around 293.  The index is heavily weighted with crude oil, which experienced an ugly reversal and was down over 6 percent last week. (click … Continue reading →

Posted in Commodities, Crude Oil, Technical Analysis | Tagged , , | 1 Comment

Ruchir Sharma: Breakout Nations and the Commodity Bubble

Posted on April 18, 2012 by macromon

This CNBC Fast Money interview with Ruchir Sharma is a must view.  His newly published book, Breakout Nations, also looks like a must read and is in definitely on our reading list. Sharma also has a good piece in The … Continue reading →

Posted in BRICs, Commodities, Crude Oil, Uncategorized | Tagged , , , | 6 Comments

Dow Chem CEO: U.S. Can Be An Energy Exporter

Posted on April 17, 2012 by macromon

CNN Money reports, NEW YORK (CNNMoney) — The government approved the first ever natural gas export facility in the lower 48 states on Monday, clearing the way for a project that could be a significant job creator. But critics argue … Continue reading →

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Stratfor: The International Shale Gas Industry

Posted on April 12, 2012 by macromon

As natural gas prices hit record lows in the U.S.,  Stratfor provides an excellent overview on the current state of the shale gas industry and its future. Natural gas prices have now plunged so low there isn’t a significant player … Continue reading →

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Oh Doctor!

Posted on April 10, 2012 by macromon

We’re not talking Fatty Arbuckle and Buster Keaton,  but Dr. Copper, the metal, which is breaking key support at 3.70 today.  One of the indicator species of the health of the global economy,  copper is confirming trend breaks in other … Continue reading →

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Dr. Copper Breaks Out…

Posted on April 2, 2012 by macromon

…of its pennant or descending triangle formation,  depending on how fat you draw the trend lines.   We’re still not convinced until it closes above the February 3.9950 high.   Nevertheless, the markets want to believe and confirmation from the good … Continue reading →

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What the ‘frack is ‘fracking’? – GPS

Posted on March 31, 2012 by macromon

Good stuff from Fareed Zakaria’s GPS blog.  He argues that the rise of “shale gas is shaping up to be the biggest shift in energy in generations”  and, More important, the United States has become the world’s low-cost producer of … Continue reading →

Posted in Commodities, Energy, Geopolitical | Tagged , , , | 1 Comment

Where Now, Dr. Copper?

Posted on March 28, 2012 by macromon

In prior posts we’ve noted copper is key to divine where the Chinese and global economy are headed.  It was down almost 2 percent today and at key short-term support and its 200-day moving average.  It’s tracing out a descending … Continue reading →

Posted in Commodities, Economics | Tagged , , | 1 Comment

Watch Dr. Copper

Posted on March 25, 2012 by macromon

Copper is at a key level and its direction may indicate where global equity and risk markets are headed in the next few weeks.  A break through short-term support may signal deeper problems in China’s economy. We’re pretty bearish short-term … Continue reading →

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