Tag: natural gas

Here's How To Profit From The Disconnect In Natural Gas

Posted on by admin

By: Street Authority

A rising tide doesn't always lift all boats. The major stock indexes are up 10% or more this year, but as I recently noted, it has been a brutal few months for commodities. But at the time, I saw a small silver lining.

"These are the kinds of commodities you need to keep tracking, because lower prices counterintuitively set the stage for the next bull market in commodities," I wrote, citing iron ore as an example. However, I overlooked an even more glaring example of how slumping commodity prices can impair production, which leads to an eventual pricing rebound.

I'm talking about natural gas, which has been on fire in the past year.

Simply put, in the spring of 2012, few people saw this kind of move coming. Continue reading "Here's How To Profit From The Disconnect In Natural Gas" →

Weekly Futures Recap W/Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Precious Metal Futures-- Precious metals in New York this week had a wild ride to the downside with gold finishing up $1 an ounce this Friday afternoon at 1,393 and was up nearly $30 in early trade just to selloff near session lows and during the week sold off about $105 dollars since last Friday settling at 1,501 and traded as low as 1,335 hitting a new 2 year low and as I’ve been advising in previous blogs I remain very bearish the precious metals sector, however I do believe that the easy money has been made and you could chop around here for next couple of weeks due to the fact of such a dramatic selloff which was the worst selloff since 1983 as investors see no reason to own gold at this point in time despite the fact of easy monetary policies throughout the world. Continue reading "Weekly Futures Recap W/Mike Seery" →

Gold Is Plunging -- Which Commodities Are Joining It?

Posted on by admin

By: Street Authority

Although the U.S. stock market has generated a healthy glow this year, the commodity complex appears to be entering into a growling bear market. Just consider these stats:

  • After a sharp drop on April 15, gold has plunged nearly 20% since the year began and nearly 30% since hitting an all-time high of around $1,900 per ounce in the autumn of 2011.
  • West Texas crude oil has slipped from $97 per barrel to $87 in just the past two weeks.
  • Copper has slid roughly 12% this year and is off roughly 27% since the summer of 2011 peak.
  • If aluminum breaches the 80 cents per pound mark (it's currently at 82 cents), it will see its lowest levels since the summer of 2009.

Unless these commodities quickly stabilize, they will all start to break key resistance levels and head even lower. Yet it's unwise to lump all commodities together, and the factors affecting one of them is quite distinct from all others. Continue reading "Gold Is Plunging -- Which Commodities Are Joining It?" →

Weekly Futures Recap W/Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Coffee Futures--- Coffee futures in New York are trading higher for the 3rd consecutive session currently in the July contract at 142.70 a pound looking like a possible bottom may have been hit a couple weeks ago at 135 on the fact of possible crop production cuts in Vietnam and  Central America due to drought and rust which could consume up to 20 to 30% of next year’s crop while this year’s crop should be very large coming out of Brazil and that is one of the reasons why prices have been going lower right near a new 2 ½ year low. Many of the commodity markets in recent weeks have been heading lower as the U.S dollar has rallied but coffee seems to have stabilized here at this level and remember coffee traded above 300 a pound over 2 years ago and has really fallen out of bed so eventually I do think if you’re longer-term investor these prices are very attractive down at these levels. Continue reading "Weekly Futures Recap W/Mike Seery" →

Weekly Futures Recap W/Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Precious Metal Futures-- Precious metals this week settled slightly lower in a volatile trade with the U.S dollar continuing its bullish momentum putting some pressure on gold for the week finishing down around $11 at 1,594 an ounce in the June contract settling lower this Friday while settling last Friday at 1, 598 an ounce still trading right above its 20 day moving average for far away from its 100 day moving average stuck in a 6 week consolidation unable to break out above 1, 620 despite the fact that there’s nervousness in European banks with you would think investors will be flocking to gold at this point but it has not happened at least not yet. Silver futures for the May contract settled about $.30 lower for the week still trading far below its 20 and 100 day moving average also stuck in a 6 week consolidation as I’ve stated in previous blogs until silver breaks $28 which it came close to in yesterday’s trade before rallying I still remain bullish on this sector and I do believe that the worst is over in the commodity selloff and if you look at the CRB index its trading at a 4 week high which is a commodity index which is a basket of commodities so I think the trend is starting to change. Continue reading "Weekly Futures Recap W/Mike Seery" →