Charts for Monday -- Gold, Oil, Wheat
Check out my new gold and energy blog at MoneyAndMarkets.com
posted by Sean Brodrick @ 8:02 AM
Monday, June 02, 2008
Wednesday, May 28, 2008
Money and Markets -- Silver and More
My latest MoneyandMarkets.com column is up.
Special Dispatch from Mexico: Silver Vein Discovered!
by Sean Brodrick Wednesday, May 28, 2008 7:30 AM
Greetings from Mexico! I'm traveling this mineral-rich country in search of conquistador silver. Yes, mines that the Spanish discovered and worked in the New World are still being worked today ... [More...]
XX -- Sean's comment: While I'm happy with the story and the editing, the title is weird.
More news you can use ...
Crude Oil Is Little Changed as Morgan Stanley Says Brent May Reach $150 Crude oil was little changed after Morgan Stanley said that Brent oil from the North Sea could ``easily'' reach $150 a barrel.
XX Sean's comment -- way to go out there on a limb, Morgan Stanley. Ha!
Gold futures fall below $900 as dollar firms
Gold futures slid for a second day on Wednesday, pushing prices below $900 an ounce as a less-than-expected decline in new orders for U.S.-made durable goods helped provide support for the U.S. dollar.
Durable-Goods Orders Ex-Transportation Unexpectedly Jumped 2.5% in April Orders for U.S. durable goods excluding cars and planes unexpectedly rose in April, signaling that international customers are helping factories ride out the economic slowdown.
Wheat Falls as Condition of U.S. Crop Improves, Easing Concern for Supply Wheat fell for the first time in three sessions after a government report showed the condition of the U.S. winter-wheat crop, which growers are harvesting now, improved last week.
XTO Agrees to Buy Bakken Shale Assets for $1.85 Billion From Headington XTO Energy Inc., the oil and natural- gas producer that has spent more than $2 billion on acquisitions this year, agreed to buy properties in the Bakken Shale in Montana and North Dakota from closely held Headington Oil Co. for $1.85 billion.
Special Dispatch from Mexico: Silver Vein Discovered!
by Sean Brodrick Wednesday, May 28, 2008 7:30 AM
Greetings from Mexico! I'm traveling this mineral-rich country in search of conquistador silver. Yes, mines that the Spanish discovered and worked in the New World are still being worked today ... [More...]
XX -- Sean's comment: While I'm happy with the story and the editing, the title is weird.
More news you can use ...
Crude Oil Is Little Changed as Morgan Stanley Says Brent May Reach $150 Crude oil was little changed after Morgan Stanley said that Brent oil from the North Sea could ``easily'' reach $150 a barrel.
XX Sean's comment -- way to go out there on a limb, Morgan Stanley. Ha!
Gold futures fall below $900 as dollar firms
Gold futures slid for a second day on Wednesday, pushing prices below $900 an ounce as a less-than-expected decline in new orders for U.S.-made durable goods helped provide support for the U.S. dollar.
Durable-Goods Orders Ex-Transportation Unexpectedly Jumped 2.5% in April Orders for U.S. durable goods excluding cars and planes unexpectedly rose in April, signaling that international customers are helping factories ride out the economic slowdown.
Wheat Falls as Condition of U.S. Crop Improves, Easing Concern for Supply Wheat fell for the first time in three sessions after a government report showed the condition of the U.S. winter-wheat crop, which growers are harvesting now, improved last week.
XTO Agrees to Buy Bakken Shale Assets for $1.85 Billion From Headington XTO Energy Inc., the oil and natural- gas producer that has spent more than $2 billion on acquisitions this year, agreed to buy properties in the Bakken Shale in Montana and North Dakota from closely held Headington Oil Co. for $1.85 billion.
Labels: crude oil, gold, Mexican silver mine, MoneyandMarkets.com, silver, wheat
Check out my new gold and energy blog at MoneyAndMarkets.com
posted by Sean Brodrick @ 11:37 AM
Tuesday, March 25, 2008
Monday, March 24, 2008
Monday Is Chart Day
Check out my new gold and energy blog at MoneyAndMarkets.com
posted by Sean Brodrick @ 8:21 AM
Thursday, March 13, 2008
Hotter than $100 Oil?
I sent this analysis to some friends in the "biz" last night, so I thought I'd share it with you ... 
· The USDA cut a month-old forecast on inventories by 11% because of rising global demand. The USDA says that by May 31, 242 million bushels of wheat, or 6.6 million metric tonnes, will be in storage. That sounds like a lot, but that’s down from 272 million metric tonnes projected last month, and down 47% from a year earlier.
· The USDA is expecting exports to hit 33.3 million tonnes in the marketing year that began June 1, up 2.1% from the February estimate and 35% higher than a year ago.
· And that figure might be raised again. Advance export sales ofUS
Most investors – and consumers -- have their eyes glued to the price of oil as it heads higher and higher. But here’s something you may not know. Since the beginning of the year, most of the OTHER commodities in the 19-member Reuters/Jeffries CRB Index have outperformed oil.
See for yourself – crude oil is #11, behind #10 gold and #9 sugar. The top three performing commodities this year have nothing to do with energy – Wheat,
In fact, most commodities are on a rampage thanks (in part) to the sinking US dollar. The U.S. dollar index, which compares the greenback to the world's major currencies, has fallen about 15% this year and is near its lowest levels ever. Recession fears are driving the greenback lower as jobs disappear, home prices fall and consumer confidence plummets.
Since commodities are priced in dollars, the sinking greenback causes foreign buyers to swarm in to buy commodities at what they see as “cheap” prices.
· The USDA cut a month-old forecast on inventories by 11% because of rising global demand. The USDA says that by May 31, 242 million bushels of wheat, or 6.6 million metric tonnes, will be in storage. That sounds like a lot, but that’s down from 272 million metric tonnes projected last month, and down 47% from a year earlier.
· The USDA is expecting exports to hit 33.3 million tonnes in the marketing year that began June 1, up 2.1% from the February estimate and 35% higher than a year ago.
· And that figure might be raised again. Advance export sales of
Where is all the grain going? We’re selling it to the world. Heck, if there was an OPEC of grain, the
Labels: agriculture, crude oil, wheat
Check out my new gold and energy blog at MoneyAndMarkets.com
posted by Sean Brodrick @ 6:55 AM
