This Setup Struck Gold
Gold glitters
Volatility Drives Gasoline
Unleaded gasoline
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PowerRating) prices are higher on news that arefinery in New Jersey shut down. Inventories of unleaded gasoline are already9% below last years levels. The Jersey facility refines the cleaner-
Gov’t Blunder Cooks Beef Prices
A big glitch
Pig Supplies Unusually Slim
Storage of pork bellies fell in April to the lowest levelsince 1957 when such statistics were first kept. The down draw in stockpiledbellies runs contrary to the normal storage trends this time of year. Usually,pork bellies, which are used for bacon, are accumulated to meet demand for theheaviest B
Surprised? These Signals Foretold Dow Explosion
As pundits throughout the media commented that
Gold Thanks The Fed
June gold
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PowerRating) shot up to a two-month high, rallying as tradersbet that lower interest rates will stimulate physical demand for the metal.Yesterday the Fed cut interest rates by a widely expected .50%.Low
Court Order Gooses Gas Prices
A court ruling will likely have long-ranging
implications for many states
Currencies Taking The Long View
European currency futures gapped higher and arerallying on their highs of the session on the combination of weak economic dataout from the US and the prospect that the Fed may conclude or wind down itsprogram of interest rate cuts today after its FOMC meeting. Tony Crescenzipointed out in his commen
Wheat Crop Smallest In 23 Years
July wheat
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PowerRating) is bouncing higher for a third straight session off its delayed Turtle Soup Plus Two(one day after the TS+1 reversal issued for May 9) signal. Poor plantingconditions, fewer acres planted,
What’s Better About Your Summer Vacation
The price of wholesale gasoline took its biggest
What Bonds’ Implosion Says About The Fed
T-bonds blew up in response to
Bonds Bombing
T-bonds
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PowerRating) are down sharply in response to unexpectedly highretail sales and stronger-than-expected consumer sentiment figures from theUniversity of Michigan. Both pieces of data are working to shift per