sbenard

http://globalcapital.blogspot.com
Total Rating:
+4 / -3

207 Comments

    • Tue Jun 3rd 12:59 PM | Rating: 0 0
      Commented on:
      Have Index Funds Contributed to Commodity Price Moves?
      I am always intrigued at the ignorance other people who try to blame speculators for high commodity prices. I read the Mauldin piece and agree with him when he says that "coincidence is not causality".
      Even the (supposed) long-only index funds MUST sell their positions in order to liquidate at the expiration of the contract. Thus, it is literally impossible for them to be "long-only". If the influence of these funds was driving commodity markets, then this phenomenon alone would cause prices to plummet close to expiration periods.
      The true causes of high prices are those you've mentioned in your article. Between Washington's spendthrift ways (monetizing the debt causes devaluation of the Dollar), ethanol mandates, and global demand, speculators who shorted these markets would be foolish and fighting against a perform storm pushing prices higher. Who would be so foolish?
      View article »
    • Thu May 29th 18:28 PM | Rating: 0 0
      Commented on:
      The 'Commodity Speculators': What's Everyone Worrying About?
      Superb write-up on the subject by John Mauldin:

      www.frontlinethoughts....

      After exploring all sides of the debate, he concludes that "coincidence is not causality". I guess the hedge fund manager, Michael Masters, missed that part.
      View article »
    • Tue May 27th 18:09 PM | Rating: 0 0
      Commented on:
      4 Sectors to 'Buy in May'
      Glutton for punishment, Alan? You'll need a miracle for some of these picks.
      View article »
    • Tue May 27th 17:30 PM | Rating: 0 0
      Commented on:
      Overbought Oil Doesn't Mean Excessive Commodity Speculation
      Coincidence does not equal causality!
      View article »
    • Sun May 25th 23:57 PM | Rating: 0 0
      Commented on:
      Blowing the Bubble Bigger
      Best write-up on oil I've read in a long while. John Mauldin covers both sides of the bubble debate without bias. He was ranked last year as the world's #2 investor, second only to Warren Buffett.

      www.frontlinethoughts....

      In this newsletter, he cites the "top hedge fund manager" that Mosh refers to above, but unlike Congress and Mosh, he also includes the other side of the issue. He talks about where the price of oil is headed short-term, and long-term. He also has ideas on WHY Iran is hoarding all that oil on tankers off its coast. Wow, what an eye-opener!
      View article »
    • Sun May 25th 23:42 PM | Rating: 0 0
      Commented on:
      Time To Abandon Stocks?
      No shortage of opinions here...

      Let me guess, Cathy. Your firm recommends primarily equities.

      Let me guess #2. Misery loves company.
      View article »
    • Sat May 24th 11:52 AM | Rating: 0 0
      Commented on:
      America's Energy Policy: Coming to Terms with Reality
      Mr. Math--
      Your math ain't so good! Wheat prices are down 41% from their highs -- and still falling! Wheat prices are below BOTH the 50-day and 200-day moving averages. So are sugar and many other commodities.
      Meanwhile: Wheat storage in the U.S. is at the lowest point since 1948 -- that's World War II era, when the U.S. population was half of what it is today!
      Speculative traders have NOTHING to do with that. These are supply and demand issues that MUST push prices higher!
      I wrote about the commodity bubble myth on my blog this week:
      globalcapital.blogspot.../
      cheap-sugar-most-commo...
      View article »
    • Fri May 23rd 20:47 PM | Rating: 0 0
      Commented on:
      The White Elephant That Could Destroy Your Portfolio, Part I
      No chart!
      View article »
    • Mon May 19th 22:32 PM | Rating: 0 0
      Commented on:
      Is the Market Rethinking the Ethanol Sector?
      With all the bad press and bad policy surrounding this sector, I wouldn't touch one of these with a ten-foot pole. I might, however, consider one that is related to a non-food ethanol product. I just read about one today that has received a grant from the Dept of Energy. It's name is SunEthanol.
      View article »
    • Mon May 19th 22:26 PM | Rating: 0 0
      Commented on:
      Diving Into the Water ETF
      Not a single endorsement of ANY of the stocks in PHO? I read through the entire list just waiting for the first "BUY"! Not ONE!

      I wonder if this person could ever find someone to marry!

      The PHO ETF has performed quite well, and much better than the broader market. I know, I've owned it!!
      View article »
    • Mon May 19th 00:05 AM | Rating: 0 0
      Commented on:
      Donald Trump on Oil
      Trump is the man whose ego knows no bounds. I have to switch channels any time I see his face. I can't wait til his house of card collapses. He has earned it!
      View article »
    • Sun May 18th 23:58 PM | Rating: 0 0
      Commented on:
      Foreclosures Prove Loan Modification Isn't Working
      Richjoy, your solution may sound simple, but you'd have to eliminate the Constitution, which, at its foundation, protects private contracts. Without the sacred nature of contracts, NOTHING is safe from the unlimited power of government. Kiss private property good-bye! Be careful what you wish for...
      View article »
    • Sun May 18th 23:45 PM | Rating: 0 0
      Commented on:
      Want to Fix the Fed? Get Rid of It
      Ditto! May the Fed be dead!
      View article »
    • Sun May 18th 23:34 PM | Rating: 0 0
      Commented on:
      Capacity Utilization Figures Starting to Resemble a Recession
      I agree with John. This is likely a bear market rally. As cap util falls, employment will also. Then, look out below as more credit market worries, especially in consumer debt, start to plunge again. What will the Fed do then, when the Dollar starts a new leg down and inflation starts to heat up even more. The show ain't over... til it's over! This recession show is still far from over!
      View article »
    • Sun May 18th 23:30 PM | Rating: 0 0
      Commented on:
      Isn't the Weak Dollar Supposed to Help Manufacturing?!
      Kathy, you have exposed a myth -- that a weaker Dollar strengthens exports. The facts don't support the myth now, nor have historical data supported the myth in the past. The devalued Dollar supports only one thing -- HIGH INFLATION!
      View article »
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