Category Archives: Commodities

Bears Refuse to Cede the 200-day SMA

Posted on December 6, 2011 by macromon

Once again, the 200-day moving average proved to be formidable resistance for the S&P500.  After trading though the 1264-65 level on the now expected daily afternoon market moving FT article the index couldn’t hold its water and sold off into … Continue reading →

Posted in Commodities, Equities | Tagged , | 1 Comment

The Biggest Bubble in History?

Posted on November 14, 2011 by macromon

We are baffled by the analysis of the analyst community, some, of which, are not so analytical.  They say that  Europe’s fundamental problem is that it  has a central bank which is unwilling to monetize sizeable debt maturities which bondholders … Continue reading →

Posted in Black Swan Watch, Bonds, BRICs, Budget Deficit, Commodities, Credit, Currency, Euro, Monetary Policy, PIIGS, Sovereign Risk, State and Local Government | Tagged , , , , , , , | 17 Comments

Gold Breaks Out – Print Away!

Posted on October 25, 2011 by macromon

Gold is up big today and trading like the monetary printing presses are ready to kick into overdrive.    We believe the recent Fed speak about QE3, possible BofJ intervention to weaken the yen, and  growing expectations that tomorrow’s announcement by … Continue reading →

Posted in Commodities, Gold | Tagged , , | 3 Comments

HSBC’s China PMI Turns Up

Posted on October 23, 2011 by macromon

This is going to catch many leaning the wrong way.  The Australian writes, THE preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, rebounded strongly in October, rising to 51.1 from a final reading of 49.9 … Continue reading →

Posted in China, Commodities | Tagged , , | Leave a comment

Industrial Commodities Swan Diving

Posted on October 20, 2011 by macromon

Take a look at  copper,  lumber, and rubber.   Down big.   What does it mean?   No doubt a reflection of a slowing global economy and confirms the contracting manufacturing PMIs in many of the emerging economies.   Hard landing in China?   Don’t … Continue reading →

Posted in Black Swan Watch, Commodities | Tagged , , , , | 2 Comments

China Notes from the Yum! Brands Earnings Call

Posted on October 5, 2011 by macromon

Today’s Yum! Brands’ earnings conference call was dominated by China.  Management talked a lot about commodity inflation running around 8 percent and 20% labor inflation, which they do not yet see abating.   This doesn’t square with the August official inflation … Continue reading →

Posted in Black Swan Watch, China, Commodities | Tagged , , , | Leave a comment

Nonlinear Thinking: Nanotube Cables to Replace Copper?

Posted on September 28, 2011 by macromon

In the midst of the current swan dive in copper prices Technology Review reports the following, For the first time, researchers have made carbon-nanotube electrical cables that can carry as much current as copper wires. These nanotube cables could help … Continue reading →

Posted in Commodities, Electric Vehicles, Nonlinear Thinking, Technology | Tagged , , , | 1 Comment

Golden Falters

Posted on September 12, 2011 by macromon

Gold’s 30 percent parabolic move from July 1 to September 6 is beginning to falter.   Maybe the yellow metal is just out of gas and needs to consolidate a little or maybe it’s something bigger, such as the liquidity issues … Continue reading →

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This Market Sucks – Going Fishin’

Posted on August 17, 2011 by macromon

Fug this market.  Nothing is working.   You get long and lose money.  You get short and lose money.  You get flat and you lose purchasing power as the dollar melts and commodity staples rise.   These are the kind of markets … Continue reading →

Posted in Black Swan Watch, Commodities, Crude Oil, Economics, Gold, Sovereign Debt, Sovereign Risk | Tagged , , , , | 2 Comments

The Brazilian Blowout

Posted on August 15, 2011 by macromon

Today’s rally in front of the Merkel/Sarkozy cup of tea surprised many, including us.  We’re not expecting much from the meeting, but you never know, and the market may have set itself up for disappointment.   Looking at the action in … Continue reading →

Posted in BRICs, Commodities, Currency, Dollar, Global Stock Performance | Tagged , , , , , | 2 Comments