Submitted by Nic Lenoir of ICAPWe have been bearish on the Shanghai composite ever since the index rejected the 50-dma around 3,100. Overnight we tested and so far held the 61.8% retracement of the... read more »
Commodities are a TAX. They are the worst kind of tax because they flatly (not progressively) charge every man woman and child in this country more money for the same food, fuel, shelter and... read more »
Copper and other recent metals have been especially hot over the last few weeks, with copper prices moving roughly 25% higher since early February - that's a big move in a month for a commodity!... read more »
Just weeks after a devastating earthquake sparked a humanitarian crisis in Haiti, another natural disaster has hit the South American nation of Chile. Early Saturday morning, a magnitude 8.8... read more »
Ever since its secular bull kicked off in 2003, the once-boring base-metals sector took on an aura of excitement. What trader wasn't excited when copper, zinc, nickel, lead, and aluminum put... read more »
The population of the world is growing at a rapid pace. Billions of people require more of just about every imaginable natural resource - oil, gas, grains, livestock, metals, materials and water.... read more »
Should we measure the success of every investment off the March bottom? Of course not! Most folks understand that the hardest-hit investments ricocheted the highest off the floor. Sure, steel... read more »
Copper has enjoyed a spectacular run higher. In calendar 2009 as it emerged out of the stock-panic-induced commodities-price crash, it rocketed 153.2% higher! Such performance is just... read more »
I found the daily chart of US Steel (NYSE: X) very interesting, in that it showed a good example of a Head and Shoulders which triggered a tradeable move into support, and then we've had a non-stop... read more »
It began with China spending 75%-85% of its massive stimulus package on internal infrastructure projects. Investors around the world began choosing the stock of companies engaged in the... read more »
