Just about every pundit has now said it in their year-end copy: What an incredible year was 2022! Who could have predicted it? blah, blah, blah. So I won’t insult you with a repeat. Only to say that I believe you ain’t seen nothin’ yet
What a year! It is customary for market commentators and fortune-tellers such as myself offer a summary of last year’s performance. And to offer ‘insights’ (aka guesses) into what to expect next year. But I like to be different! That way, we are kept on
Last week the Fed followed market rates and hiked by 75 bps and indicated more to come to ‘fight inflation’ and stocks fell. Then the CPI data dump on Friday cancelled that idea with a soft headline figure and bond yields and the dollar fell
As I have been maintaining all along, the Net Zero fantasy is the pin the stock market bubble has been looking for. Shares fell very hard yesterday and with huge rises in energy bills looming, economies are on the brink of severe implosions. The Law
When will they ever learn? The MSM financial journalists, I mean. The BoE hiked their interest rate by the expected 0.5% on Thursday. Conventional pundits who believe it is the news that drives the markets were totally flabbergasted by the market’s negative reaction to that
I have been tracking the precious metals as they have been sliding down their Slippery Slope of Hope in recent weeks. And the usual suspects – the Gold Bugs – that normally see every reason to advise loading up on gold are nowhere to be
Once in a while, national politics is gripped in a major drama. But not only is that in evidence in the UK with the Shakespearian Fall of Boris, but also in the USA. The resignation of Boris was preceded by multiple resignations of cabinet ministers
Sometimes, making trading profits is a breeze when forecasts are panning out and good trends established and targets met. You tend to feel you are a genius! And there are other times when promising trends are suddenly reversed and your best-laid plans go phut! In
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.
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.