Author: John Burford

Wheat fields

Wheat resumes rally – now on to $15?

Are you still unconvinced to trade Wheat (and also Corn and Soybeans) following my extensive coverage? Yes, there are so many other markets where most traders gravitate to from stock indexes to individual shares to gold and so on. We all have biases that favour particular markets. With my early exposure to trading the US grains futures markets when living in Washington D.C. I have always had an interest in them even in the years of over-supply when prices were low.

Crossroads

Stocks indexes are at major crossroads

US Crude oil is in the process of correcting the huge surge to my main target to the $128 high a month ago.  Latest quote is $96 – a decline of $32 (25%). Of course, the price could rally back from around here – or it could correct further as some traders expect a price-induced increase in supplies to the spot market.

The Bond Bubble is still bursting

The Bond Bubble is still bursting

The benchmark US 30-yr Treasury yield reached its historic low just above 1% in March 2020.  What a time to short them! Back then, stocks were finishing up their Corona Crash and the Fed was assumed to be pulling out all the stops to keep rates ‘lower for longer’. There was even talk about the Treasuries going negative as so many European sovereigns were.

Has the Putin commodity bubble burst?

Has the Putin commodity bubble burst?

Regular readers will know that we have been riding these majestic waves ever higher in commodities – from crude oil to coffee to soybeans and more – from the lows almost exactly two years ago.  And now the long-anticipated invasion of Ukraine by Mr Putin has occurred – and my question is this: have we reached the terminus of the Putin commodity train.

That was the week that was

That was the week that was

As a ‘child’ of the sixties, I watched a very popular and lively TV show (in glorious B&W) called That Was The Week That Was.  It was the first of a succession of satirical political programmes that kicked off the transition from the age of deference (doffing our caps to our ‘betters’) to the current age of outspoken condemnation (and worse) of our so-called leaders (aka the ‘elite’).

They are now falling at once

They are now falling at once

Stock indexes are now in full-blown retreat, as I intimated from last week’s blog caption ‘It drops slowly – then all at once’.  Last week the Dow lost almost 2,000 pts.  See what I mean?  Markets usually fall a lot faster than they rise as is encapsulated in the aphorism You fall out of the window faster than you climb the stairs.

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