From Commodities 3:56 pm
Silver has been called the most volatile of metals. But volatility produces opportunity, according to Chris Thompson, a top-ranked StarMine analyst with Haywood Securities. In this exclusive interview with The Gold Report, Thompson forecasts a strong year-end for the devil's metal, despite price weakness so far in Q2/12, and shares the names of a select group of companies that stand to profit.
From Commodities 3:56 pm
If the people and politicians of the U.S. can't muster the will to reform Social Security and Medicare, the country will slide on down toward what internationally renowned economist Lacy Hunt calls the "bang point." What we'd face on the other side would be bad news indeed.
From Commodities 3:08 pm
According to the DOE/EIA weekly report, total crude oil and petroleum products stocks jumped +2.87 mmb to 1073.97 mmb in the week ended May 11. Crude stockpile increased +2.12 mmb to 381.64 mmb as stockpiles all 5 PADDs. Cushing stock alone rose +1.00 mmb to 45.13 mmb. Utilization rate increased +1.9% to 88.3%.
From Politics & Policy 1:00 pm
A new blend of ethanol in gasoline could likely cause billions in damages to millions of engines across the country said a final report released by the Coordinating Research Council on Wednesday.
From Commodities 10:58 am
The Commerce Department said housing starts increased 2.6 percent to a seasonally adjusted annual rate of 717,000 units. March's starts were revised up to a 699,000-unit pace from a previously reported 654,000 unit rate. The housing market is showing some signs of life after collapsing six years ago, but remains hobbled by a glut of unsold homes.
From Commodities 10:17 am
Oil Prices and RBOB prices plummet as the market is not convinced that the EU can keep Greece in the zone and stop the contagion from spreading, despite the meeting of the minds between German Chancellor Angela Merkel and new French president Francois Hollande.
From Commodities 10:09 am
Bonds are currently 17 lower at 145'28 and the 10 Yr. Notes 10 lower at 133'02. The yield on the 30 Yr. is now just a bit under the 3.0% level and the 10 Yr. Note just under 1.8%. Since my last letter (May 11th) we were stopped out of a short position when the market traded above the 145'08 level in the Bonds and 133'08.5 in the 10 Yr.
From Global Markets 9:49 am
Commodities prices fell Wednesday as investors, preparing for the fallout from an expected Greek exit from the euro zone, abandoned industrial and precious metals for the safety of German and U.S. government debt.
From Commodities 9:30 am
July soybeans were trading 19 1/2 cents lower late in the overnight session. China futures closed down 0.5% overnight and down for the 4th session in a row. Palm oil futures in Malaysia closed down 3.9% to a new 3-month low. The Hong Kong market resumed its downward march last night with the largest daily loss in several months.
From Commodities 9:29 am
July corn was trading 3 cents lower late in the overnight session. Outside market forces are clearly bearish with a sharp drop in metal and energy markets, a higher US dollar and a sharp break in China stock markets. The sharp set-back in the China stock market has traders nervous over the longer-term feedgrain demand from this region.
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US, European Stocks And Commodities Plunging On Greek UncertaintyWe value your privacy. Your email address will not be shared.
