Strong News for Copper Coming Out of China [View article]
Copper, Zinc & Natural rubber trade in lock step on Shanghai Futures Exchange.. on any given day, there's more dollar volume for Copper futures traded on Shanghai Futures Exchange compared to COMEX. only London Metal Exchange tops Shanghai.. despite an article by the Financial Times of large stocks of Copper used as asset backed financing, there's been drawdown of Copper & also for natural rubber in China.. just this Monday, May 23rd, copper was down $300/metric ton; only to recover lost ground the following 4 trading sessions.. just do it.. with Options
The average age of cars on U.S. roads has never been higher, and even the best-built vehicles need maintenance, causing Morgan Keegan's John Lawrence to take a shine to automotive aftermarket retailers. AZO and MNRO have already sped past estimates, and he thinks related companies such as GT, PNK and SAH also look like winners. [View news story]
consumers are buying used tires instead of brand new premium brands. otherwise they would go for private label Japanese brands such as Falken or Ohtsu etc2
Book Review: 'Money and Power: How Goldman Sachs Came to Rule the World' [View article]
25 rounds for a job interview? read Roger Lowenstein's book: when genius failed.. the moment John Meriwether opened up his book to Goldman, GS traders started to squeeze JM further; just like vultures pecking away at a dying man.
As expected, Big Oil manages to hold on to its tax breaks, after lawmakers decide a repeal would hurt domestic drilling while failing to lower gas prices. At stake was ~$2B in annual savings for Shell (RDS.A), Exxon (XOM), ConocoPhillips (COP), BP (BP) and Chevron (CVX). [View news story]
wise move, those tax breaks are necessary to encourage drillers to look for new oil fields.. the plum ones were already taken in the early 20th century
Hmmm, I wonder if Jim Rogers is insanely bullish now?
hope JR keeps his sanity topping up margin calls.
if Rogers had put his money where his mouth was after the 15 seconds interview with CNBC's Larry Kudlow, JR should have loaded up on Crude & Copper, Silver & Gold in March 2011; right after the Sendai earthequake & Fukushima nuclear plant meltdown.
China's first aircraft carrier, named Shi Lang after the admiral who conquered Taiwan in the 17th century, is set to enter service this year. A significant step, but still symbolic according to military experts who say it will be many years before China can effectively operate the ship. [View news story]
UK has mothballed their last aircraft carrier due to budget constraints; waiting for construction of the state of art aircraft carrier in 2 years.. but there's talk the UK & France plan to share 1 aircraft carrier in future
China's first aircraft carrier, named Shi Lang after the admiral who conquered Taiwan in the 17th century, is set to enter service this year. A significant step, but still symbolic according to military experts who say it will be many years before China can effectively operate the ship. [View news story]
Beijing central government are wary of blond haired, blue eyed preachers giving sermons to Chinese masses. there are preachers from Singapore giving sermons in Mandarin & that hasn't been a problem. you're some 8 thousand miles somewhere on the US west coast or mid west? your rudimentary knowledge of China is gleaned from CNN/MSNBC?
you should collaborate with Daniel Yergin to add a few more chapters to his book: The Prize & bring the world up to speed on the latest development in crude oil. Gold will never dissipate; but Crude Oil will.
About Those CFTC Claims That Speculation Has Distorted Oil Prices [View article]
as I mentioned earlier investors & speculators on US commodities exchanges should be thankful that at least the CFTC & even a Senate sub-committee bothered to investigate.
we have wide price discrepancies in Nov 2010 & March 2011 in natural rubber between the sheet grade RSS3 & the block grade TSR20 that was privately explained away by Singapore Commodities Exchange as: the vagaries of free markets.. SICOM (100% owned by Singapore Exchange SGX) would never put such statements on record.
sounds more like voodoo economics to me !
little wonder (like ah said earlier) that the Australian government BLOCKED the potential takeover of Australian Exchange (seekingalpha.com/symbo...) by SGX. Dep PM & Treas. Wayne Swan said it was: a no brainer
also, Options are available on US exchanges.. that takes away the headache of non convergence at expiration between the futures & cash market
US investors have only themselves to blame if they do not use Options as part of their hedging/speculation strategy.
just let that Options expire; rather than having to worry about meeting that margin call come what may
which happens quite a bit (topping up margin call) on SICOM
Card545, thanks for your prespective. rubber exporting nations are also scrutinizing these grey market deals. They need as much export earnings to fund their social programs. the likes of GT, B'stone & Michelin shouldn't be throwing away earnings to the grey market; when their source of raw materials come from these producing countries; that's downright cynical.
let me put this in perspective; some poor farm folks in Indonesia & Thailand (out in remote villages) can't even afford instant noodles. they eat boiled cassava root morning, noon & nite..
who knows? exporting countries may put an export tax on rubber for countries/manufacturers that engage in grey market exports of tyres; such as to encourage domestic production of tyres in exporting nations.
unlike equities; when we can do a Graham & Dodd bottom up approach to intrinsic value, it's more difficult to grasp fair market value in commodities. the exponential price appreciation points to a bubble; unless there are legitimate reasons (such as medium to long term supply deficit).. then again, commodities take some time to settle to fair market value, there are a lot more 'noise' in the commodities market. Just do it ! with Options that is. some commodities exchange such as Singapore Exchange are loath to offer Options; just plain vanilla (margin call during lunch break) futures.
Strong News for Copper Coming Out of China [View article]
The average age of cars on U.S. roads has never been higher, and even the best-built vehicles need maintenance, causing Morgan Keegan's John Lawrence to take a shine to automotive aftermarket retailers. AZO and MNRO have already sped past estimates, and he thinks related companies such as GT, PNK and SAH also look like winners. [View news story]
Book Review: 'Money and Power: How Goldman Sachs Came to Rule the World' [View article]
As expected, Big Oil manages to hold on to its tax breaks, after lawmakers decide a repeal would hurt domestic drilling while failing to lower gas prices. At stake was ~$2B in annual savings for Shell (RDS.A), Exxon (XOM), ConocoPhillips (COP), BP (BP) and Chevron (CVX). [View news story]
3 Reasons to Believe in $100 Oil [View article]
Liquidation in Commodities Resumes [View article]
Commodities Still a Bubble - But Prices May Continue to Rise [View article]
Why I'm Holding My Silver Shorts [View article]
hope JR keeps his sanity topping up margin calls.
if Rogers had put his money where his mouth was after the 15 seconds interview with CNBC's Larry Kudlow, JR should have loaded up on Crude & Copper, Silver & Gold in March 2011; right after the Sendai earthequake & Fukushima nuclear plant meltdown.
China's first aircraft carrier, named Shi Lang after the admiral who conquered Taiwan in the 17th century, is set to enter service this year. A significant step, but still symbolic according to military experts who say it will be many years before China can effectively operate the ship. [View news story]
China's first aircraft carrier, named Shi Lang after the admiral who conquered Taiwan in the 17th century, is set to enter service this year. A significant step, but still symbolic according to military experts who say it will be many years before China can effectively operate the ship. [View news story]
$4.25 Gasoline by Memorial Day [View article]
About Those CFTC Claims That Speculation Has Distorted Oil Prices [View article]
we have wide price discrepancies in Nov 2010 & March 2011 in natural rubber between the sheet grade RSS3 & the block grade TSR20 that was privately explained away by Singapore Commodities Exchange as: the vagaries of free markets.. SICOM (100% owned by Singapore Exchange SGX) would never put such statements on record.
sounds more like voodoo economics to me !
little wonder (like ah said earlier) that the Australian government BLOCKED the potential takeover of Australian Exchange (seekingalpha.com/symbo...) by SGX. Dep PM & Treas. Wayne Swan said it was: a no brainer
also, Options are available on US exchanges.. that takes away the headache of non convergence at expiration between the futures & cash market
US investors have only themselves to blame if they do not use Options as part of their hedging/speculation strategy.
just let that Options expire; rather than having to worry about meeting that margin call come what may
which happens quite a bit (topping up margin call) on SICOM
20 Companies to Avoid [View article]
thanks for your prespective. rubber exporting nations are also scrutinizing these grey market deals. They need as much export earnings to fund their social programs. the likes of GT, B'stone & Michelin shouldn't be throwing away earnings to the grey market; when their source of raw materials come from these producing countries; that's downright cynical.
let me put this in perspective; some poor farm folks in Indonesia & Thailand (out in remote villages) can't even afford instant noodles. they eat boiled cassava root morning, noon & nite..
who knows? exporting countries may put an export tax on rubber for countries/manufacturers that engage in grey market exports of tyres; such as to encourage domestic production of tyres in exporting nations.
Are Commodity Prices Peaking? [View article]
Hedge Fund Commodities Holdings: Higher Prices Ahead? [View article]
GT & CTB does not correlate that well with the rise of natural rubber, though.