Daily Gold Levels

Sean LuskGeneral Commentary, Precious Metals

April Gold futures continues to settle above the 1200 level by the barest of margins. The market has endured a $60.00 break from the February highs due to increased expectations of a interest rate hike of a quarter point that could be announced tomorrow afternoon at 1:15 CST. Long liquidation in both energies and metals has been the theme over …

Currency comment 3/14

Steve CaldwellCurrencies, General Commentary

The dollar rose moderately on Tuesday.  Small lot speculative buying was evident throughout the session.  Heavier selling pressure was seen in the Euro FX with lighter pressure in the British pound. All eyes are focused on Washington today and tomorrow as the Fed conducts a two day meeting on policy.  It is a forgone conclusion that short term interest rates will be …

Camkay’s February 2017 Monthly Report

William ReavisAsset Management, General Commentary, Stocks

Camkay Capital Management *Comments by Gary Hart Looking Back The Stock Indices Short-Term Program was down 0.29% for the month is up 2.73% year-to-date. February continued the low volatility bullish environment we’ve had since the election. There was little short-term movement and hence light trading in this program. Composite rate of return table (net of all fees and commissions): PAST PERFORMANCE IS …

Livestock Levels

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle April Live Cattle traded in a tight range on Monday, March 13, 2017 as it was unable to overtake trendline resistance at 118.70 reaching 118.425. The tight range is the narrowest in the past 7 days and it ended the day near its low and below 117.825 resistance once again.  A failure from the Monday low (117.575) could …

Currency comment 3/13

Steve CaldwellGeneral Commentary

Another very dull trading session in currencies on Monday.  Many traders are squaring positions ahead of the Feb announcement on short term interest rates on Wednesday. As was seen on Friday when the employment report was released with higher than expected growth in jobs it was the market reaction rather than the news that was the news.  It may be …

Absolute Momentum Strategy – Weekly Snapshot (3.10.17)

William ReavisAsset Management, Energy, General Commentary, Grains, Precious Metals

Below is a snapshot of open trade positions in the Absolute Momentum Strategy investment. The total open trade equity in the portfolio inclusive of fees and commissions as of the close of trading on Friday, March 10th, 2017 = $3,361 LAST WEEK IN TRADING Long Term Commodity Trader Long May Cotton was entered at 79.13 on 3/2/17. Net Profit/ Loss is …

Livestock Levels

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle April Live Cattle started the week on a sour note, selling off on Monday and Tuesday (making the low on Tuesday), before recovering and rallying the remainder of the week. The rally sent price past resistance at 117.825 and towards weekly trendline resistance at 118.70. The high was 118.25 and trade couldn’t overcome resistance as it dropped below …

Jobs data delivers

John WeyerGeneral Commentary

Economy Continues to Show Strength Non Farm Payrolls came in at a solid 235,000, verse expectations around 200,000 for February. The unemployment rate held steady at 4.7% The equities seemed to initially like the news, but then sold off to negative levels s on the day. Sideways trading dictated most of the day, in a fairly tame session. A rally …

Walsh Trading’s Weekly Grain Report

Sean LuskGeneral Commentary, Grains

March 10, 2017 It was a grind lower for corn, wheat, and soybeans this week due to profit taking and long liquidation ahead of the March 9th WASDE report from the USDA. Beans lost 31 cents for the week; Corn lost 16.6 cents while Wheat posted a 13 cent loss for the week. The monthly USDA report had corn ending …

Currency comment 3/10

Steve CaldwellGeneral Commentary

Buy the rumor, sell the fact. This is age old trading wisdom. It was also on display Friday when the unemployment figures were released.  The thinking was that a strong employment number would push the Fed into an interest rate increase next week.  This in turn would strengthen the U.S. dollar. Well the number in new jobs reported was strong …