| Platinum Hits Record High Yet Again; Wheat Also Jumps To All-Time High
Platinum hit record highs for a third straight session on Monday amid output woes in South Africa and inflation from pricier oil. Wheat also peaked for a third day running on heavy speculative buying. Copper prices ended up but off their highs after a large earthquake in Chile, the world's biggest producer of copper and home to a wide array of industrial metal deposits. Leading commodity indexes such as the Reuters-Jefferies CRB, S&P GSCI and Dow Jones-AIG all rose about 1% each. Fundamentals aside, investors were drawn to commodities after Wall Street stocks slid on uninspiring U.S. factory orders for December which came in below expectations but not weak enough to spark a broad market shake-up. A weaker U.S. dollar against the euro also bolstered the case for buying inflation-sensitive commodities, particularly precious metals like gold and platinum.
Go with the grain when shares fall
My second pick is connected to the soft commodities boom. One of its downsides is that the high price of food across the world is bumping up inflation numbers already being hit by rising wage demands and energy costs. You can protect yourself against inflation to a degree by buying gold, but also by getting into the government bond market and in particular index-linked gilts, the return on which is linked to the Retail Prices Index. You used to be able to buy these pretty simply via the Post Office, but money-laundering regulations have now made doing so a tedious, administration-heavy task. Luckily the exchange-traded fund business has once again come to the rescue with the iShares £ Index Linked Gilt ETF (INGX) which tracks the returns from the index-linked market.
Using CCI and Stochastics For Long and Short Term Forex Trading
Sam Seiden brings over 15 years experience of equities and futures trading which began when he was on the floor of the Chicago Mercantile Exchange. He has traded equities, futures, interest rate markets, forex, options, and commodities for his personal interests for years and has educated hundreds of traders and investors through seminars and daily advisory services both domestically and internationally.
Sam has been involved in the markets since 1991 both on and off the floor of the Chicago Mercantile Exchange. He has served as the Director of Technical Research for two trading firms and regularly contributes articles to industry publications. Sam is known for his trading, technical research, and educational guidance. Software instructions HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions.
Cop Search for Jersey Man Who Disappeared in Colorado Blizzard After ...
Colorado police are searching for a 23-year-old New Jersey man who vanished during a blizzard after downing at least 20 drinks at a bar in Breckenridge, a small ski resort town. Alphonse Michael Barbiere, a Wall Street commodities trader, stumbled out of the bar at 1:30 a.m. Friday with a friend, according to The Denver Post. When the friend lit a cigarette, Barbiere started walking down the street — in the opposite direction of the condo his family and friends were renting, the newspaper reported. "He didn't say anything to anybody about where he was going," Breckenridge Assistant Police Chief Greg Morrison told the newspaper. Police want to question three unidentified friends who were snapped in photos with Barbiere several hours before he disappeared, The Denver Post reported.
Agri volumes jump on rise in position limits
MUMBAI: Volumes in spices and few other farm commodities increased on Wednesday on NCDEX with the commodities market regulator Forward Markets Commission (FMC) increasing the position limits in most of the agri commodities. Commodity analysts feel that the move will boost up the agri volumes.
FMC on Tuesday increased the open interest limits for 32 agriculture commodities. The position limits is the maximum level of a particular commodity that a member or a client can hold. Meanwhile the commission also reduced the daily price limits of 34 agriculture commodities.
The volume of most active pepper March contract that was on an average around 10,000 tonnes a week back on daily basis moved up to 17,000 tonnes on Wednesday, volume of jeera March contract doubled to 24,000 tonnes while volume of turmeric moved up to 45,000 tonnes from earlier levels of 35,000 tonnes.
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