The economic news this week hasn’t been great when it comes to inflation. Wednesday’s CPI (Consumer Price Index) Year on Year data increased 6.2%, the largest gain since 1990. Any year-to-year comparison data must be marked with an asterisk, because 2020 was such an outlier. However, the 6.2% increase is a sign that we are experiencing inflation at the highest …
AG TIME – Global Shock Waves
The day was fueled by talk of the big downs in stocks. Both domestic and all over the globe. Interesting. The US clawed back. My thoughts on the matter. The world is rebalancing. Plain and simple. The US is regaining its place in the pecking order. We have come from a decade of globalism, actually two decades. As President Trump …
LC up, Stocks fall steady, Wheat Lights UP
Seriously to much to cover but here goes. Stocks have real sellers since that Fang public super loaded long article last week that I thought screamed sell stocks. It did. Now risk exponentially higher. Do money guys try to crash before election? Much risk in stocks last 10 days. This has real selling as displayed late today at steady on …
AG TIME – Something for Everyone
A little bit different approach today. Variety is the spice of life. As they say. There is so much going on I thought I would comment on many of the things I look at although perhaps do not offer trading suggestions. “Jack of all trades, Master of none.” is hard to live by. But sometimes pays dividends. Food for thought. …
SOMBER DAYS, SUBDUED MARKETS, FADING OPPORTUNITIES
MARKET BACKDROP: Hello readers. First, I’d like a moment to briefly acknowledge and honor the memory of those who we lost 17 years ago on September 11th in this written material. I know that’s a very solemn and heavy way to start off, but I felt it necessary, and I thank those readers who took a moment for that just …
Olive Line – Currency, Meats, Grains
ARP HERE, There continues to be chaos around the globe due to uncertainty regarding the currency relationships. There has been much movement in the currency pairs over the last 6 months. CURRENCY The dollar 95.55 nl(neckline) rejected. This could be a possible top in my opinion. MEATS It is one of my thoughts. Don’t be afraid to fade public opinion. …
WAS THIS TOP? Take the money and wait for next extreme? In Cotton next
WAS THIS TOP? Take the money and wait for next extreme? In Cotton next. MEATS- All different months have different looks, month settlement px.s etc. If your looking in a back month ask for levels. FEEDERS- we are now up almost 700 off the OLB, number that hurts most traders, the olive line. KC- your on your own now as …
Gold Pulls off Monthly Highs
Gold retreated today in a continuation from Tuesday, falling from monthly highs seen on Monday. Markets seem to be getting more comfortable with trade negotiations and geopolitical risks as Trump has been willing to negotiate with individual countries, and there are even inklings that North Korea may be amenable to denuclearization. This is turn strengthened the US dollar and further …
Gold is the New Green
Gold continues its recent advances settling in the green to start the week posting new monthly highs at the same time. Geopolitical tensions and a weakened dollar remain the main reasons for price support for the yellow metal. The USD slid this morning to a one month low despite easing tensions with China over tariffs. Gold keeps its momentum going …
Metals on the Move After FOMC
The FOMC met the last two days and just released their commentary showing an as expected quarter point raise to the fed funds rate. This was a much anticipated meeting as this was Chairman Powell’s first quarterly meeting as chair and first news conference. Because of long liquidation and profit taking in the USD, which was in the red prior …