Keyword: commodities

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  • Charting the lowest interest rates in 5,000 years, worst commodity returns in 80 years

    06/17/2016 9:59:42 AM PDT · by Lorianne · 13 replies
    Market Watch ^ | 14 June 2016 | Barbara Kollmeyer
    Looking to dazzle friends and family at the next summer barbecue? Well, drop this little fact on them: global interest rates are at their lowest in 5,000 years. Not only that, you can tell the acquaintance who brags about his gold bars in the bank vault that returns on commodities are the worst since 1933. Sounds crazy you may say, but thatís just the kind of history Bank of America Merrill Lynch rolled out in the third edition of ďLongest PicturesĒ note. The first chart shows the lowest global interest rates going all the way back to 3,000 B.C. Michael...
  • Total U.S. weekly rail traffic down 10.6% ( coal down 33.5% )

    05/12/2016 7:31:52 AM PDT · by george76 · 23 replies
    Railway Age ^ | May 11, 2016 | Ben Vient
    The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 7, 2016: Total U.S. weekly rail traffic was 492,923 carloads and intermodal units, down 10.6% compared with the same week last year. Total carloads for the week ending May. 7 were 233,047 carloads, down 14.8% compared with the same week in 2015, while U.S. weekly intermodal volume was 259,876 containers and trailers, down 6.4% compared to 2015. Three of the 10 carload commodity groups posted an increase compared with the same week in 2015. They were miscellaneous carloads, up 6.7% to 9,839 carloads; chemicals, up...
  • Surprise! Baltic Dry Index Plunges Most Since November As Commodity Bubble Bursts

    05/08/2016 3:05:04 PM PDT · by Lorianne · 32 replies
    zerohedge ^ | 07 May 2016 | Tyler Durden
    Who could have seen this coming? Remember a week ago when TV entertainers crowed about the surge in The Baltic Dry Freight Index was a "clear signal" that 'China is back' baby and that escape velocity growth was just around the corner as global growth was destined to pick up... Well, just as we warned very explicitly, the ramp in the index merely reflected the frenzied speculation in industrial metals by the Chinese and as authorities have cracked down on that idiocy, so the Baltic Dry has plunged by the most since November... as real demand punches back.
  • Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing

    05/08/2016 5:35:57 PM PDT · by SeekAndFind · 66 replies
    TEC ^ | 05/08/2016 | Michael Snyder
    We continue to get more evidence that the U.S. economy has entered a major downturn. Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last financial crisis. Well, now we are getting some very depressing numbers from the rail industry. As you will see below, U.S. rail traffic was down more than 11 percent from a year ago in April. That is an absolutely catastrophic number, and the U.S. rail industry is feeling...
  • Freight Rail Traffic Plunges: Haunting Pictures of Transportation Recession

    05/06/2016 12:39:42 PM PDT · by Sgt_Schultze · 40 replies
    Wolf Street ^ | Wolf Richter | 4 May 2016
    292 Union Pacific engines idled in Arizona Desert Total US rail traffic in April plunged 11.8% from a year ago, the Association of American Railroads reported today. Carloads of bulk commodities such as coal, oil, grains, and chemicals plummeted 16.1% to 944,339 units. - snip - Only five of the 20 commodity categories saw gains. Of the decliners, coal was the biggest. But petroleum products also plunged 25%, and grain mill products dropped 7%. Even without coal, carloads were down 3% year-over-year.
  • Why Gold Bugs Need to Stop Listening to The Fear Mongers and Start Thinking for a Change

    04/29/2016 9:36:04 AM PDT · by blam · 38 replies
    The Market Oracle ^ | 4-29-2016 | Sol_Palha
    April 27, 2016 Sol_Palha We are still not convinced that Gold is fully out of the woods. Peter Schiff is busy telling everyone that it was a bad idea to have sold Gold in 2011, we beg to differ for the trend indicates otherwise, and so does the price of Gold. He is coming out with scary scenarios though they are not as grandiose as James Sinclair's scenario that calls for Gold to move to $50,000 an ounce. Even, when we dream we find it hard to envision such a price, so it is interesting that he can come up...
  • Silver Prices In Five Years?

    02/29/2016 11:56:37 AM PST · by blam · 26 replies
    Market Oracle ^ | 2-29-2016
    DeviantInvestorFeburary 29, 2016 What will the price of silver be in 2021? You can find articles suggesting the price of silver will be over $1,000 and under $10. Perhaps this is the wrong question. A better approach: The global financial system is increasingly unstable and fragile, more so than in 2008. The important question is: How will governments, central banks and financial systems respond to the ongoing crisis? Future prices for silver are dependent upon the answer to that question. I suggest three possible scenarios. Scenario One Ė status quo: The next five years could look much like the last...
  • Electric Car War Sends Lithium Prices Sky High

    02/23/2016 4:00:07 PM PST · by bananaman22 · 30 replies
    Oilprice.com ^ | 23-02-2016 | Page
    With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it‚Äôs no wonder everyone‚Äôs bullish on this golden commodity that promises to become the ‚Äė‚Äônew gasoline‚ÄĚ. Moreover, land grabs, rising price predictions, and expectations of a major demand spike are leaping out of the shadows of a pending energy revolution and a new technology-driven resource era. For once, we have agreement across the board on a commodity: Demand for lithium will continue to rise throughout the year--and beyond--spurred by the rise of battery mega/gigafactories and...
  • A desperate Hillary attacks Sanders for supporting legislation Bill signed

    01/18/2016 7:09:16 PM PST · by Zakeet · 7 replies
    PowerLine ^ | January 18, 2016 | Paul Mirengoff
    Under powerful attack from Bernie Sanders in last night's debate over her cozy relationship with Wall Street titans like Goldman Sachs, Hillary Clinton stated that Sanders is "the only one of this stage that voted to deregulate the financial market in 2000. . .which [was] one of the main causes of the collapse in '08." [Snip] Consider this, however. Bill Clinton signed into law the very act - The Commodity Futures Modernization Act of 2000 - that Hillary attacked Sanders for supporting.
  • Gas Wars: A Gallon Is Just 46 Cents Here

    01/18/2016 10:50:44 AM PST · by blam · 39 replies
    CNBC - REUTERS ^ | 1-18-2016 | Katie Little | Steve Kopack
    CNBCJanuary 18, 2016 While gas prices are low nationwide, some stations are slashing the fuel's price to rock-bottom levels to the tune of less than 50 cents a gallon. The drastic price cuts are part of a gas price war at three Houghton Lake, Mich., stations. During the last three days, the prices dropped below a buck per gallon, falling as low as 46 cents at Sunrise Marathon. Meanwhile, the Beacon & Bridge gas station was as low as 47 cents, said employees of each station in interviews with CNBC.(snip)
  • Here Comes "QE For Metals" - China's Desperate Commodity Sector Demands A State Bailout

    11/25/2015 1:47:32 PM PST · by blam · 21 replies
    Zero Hedge ^ | 11-25-2015 | Tyler Durden
    Tyler Durden 11/25/2015 When it comes to commodity metals, the dead cat no longer bounces. We showed this last night in "No End In Sight For Commodity Carnage As Chinese Fear Fed Hike Blowback", a post which can be summarized with the following chart showing that at least for nickel, copper, zinc, iron ore and aluminum it will be a very unhappy holiday season: The one-word reason for this condition: China, which as documented extensively in the past, has clammed down on its unprecedented credit creation now that its debt/GDP is well over 300% and as a result conventional industries...
  • Copper Futures Are Getting Destroyed In Another Asian Commodities Rout (Dr Copper)

    11/23/2015 7:06:40 AM PST · by blam · 23 replies
    BI ^ | 11-23-2015 | Greg McKeena
    Greg McKennaNovember 23, 2015 It’s an ugly day on industrial commodity markets in Asia today with some big falls in crude oil, copper, zinc, and Chinese rebar steel. At the moment Nymex crude for January delivery is down 2.74% to $40.75 a barrel, Brent crude is down 1.75% to $43.87 a barrel, Copper in US trade has fallen 2% to another six-year low of $2.01 a pound, but it is down 3.74% in Shanghai. Zinc in Shanghai is down 1.03%, and rebar steel on the Shanghai exchange is off 3.35%. Interestingly even against this back drop Gold still can’t find...
  • The Long, Cold Winter Ahead (Zero Hedge)

    11/22/2015 8:17:22 AM PST · by citizen · 28 replies
    Zero Hedge ^ | 11/22/2015 | Tyler Durden
    If you recall, the popular storyline since late last year has been that the U.S. economy is moderately improving while the world‚Äôs other major economies ‚Äď Japan, China, and Europe ‚Äď are rolling over. The U.S. economy would power through. Moreover, stock prices had achieved a permanently high plateau.
  • What The Paris Attacks Mean For Commodities Prices

    11/17/2015 9:07:30 AM PST · by bananaman22 · 6 replies
    Oilprice.com ^ | 17-11-2015 | com prices
    The Paris tragedy clearly showed the world that the war on terror has gone global. If that had not already been made clear by terror bombings in Baghdad, Beirut, and the Russian airliner in recent weeks, it was hammered home by Paris. Israeli media (debka.com) reports that no western intelligence picked up any signs of the attack plan. The grim message to the world: It could happen anywhere. For any that still needed to be convinced, the attack also revealed that the greatest threat to the west comes from radical Islam, not from Iran, Russia, or China. That fact was...
  • Copper Is Crashing In China

    11/16/2015 8:50:19 PM PST · by blam · 17 replies
    Zero Hedge ^ | 11-16-2015 | Tyler Durden
    Tyler Durden 11/16/2015 Shanghai Copper is down 4.6%, hitting fresh cycle lows not seen since March 2009. No clear catalyst is evident for now aside from stronger USDollar, Codelco's cuts, and more chatter of CCFD unwinds. If COMEX Copper holds these losses, it will be down for 10 straight days - the longest on record from what we could tell. Copper is crashing in China... (snip)
  • Russia to meet with Oil Producers to address the low price of oil.

    10/06/2015 12:29:38 PM PDT · by 100American · 18 replies
    oilandenergyinvestor.com ^ | OCTOBER 6TH, 2015 | DR. KENT MOORS
    Over the weekend, Russian Energy Minister Alexander Novak announced that Moscow is ready to meet with both OPEC and other oil producers to address the low price of oil. For the first time in nearly 11 months, geopolitics is likely to give support to higher crude, and oil prices saw a new push. Ever since OPEC decided last Thanksgiving to defend market share rather than price, crude has been in a swoon. That has had a major negative impact on countries relying upon the sale of oil to balance their central budgets. All producing countries have been affected as oil...
  • Crossing Borders with Gold and Silver Coins - a Glimpse of Things to Come

    09/13/2015 8:46:23 AM PDT · by Rockitz · 50 replies
    Internationalman.com ^ | September 2015 | Doug Casey
    Itís well-known that you have to make a declaration if you physically transport $10,000 or more in cash or monetary instruments in or out of the US, or almost any other country; governments collude on these things, often informally. Gold has always been in something of a twilight zone in that regard. Itís no longer officially considered money. So itís usually regarded as just a commodity, like copper, lead, or zinc, for these purposes. The one-ounce Canadian Maple Leaf and US Eagle both say theyíre worth $50 of currency. But Iíve recently had some disturbing experiences crossing borders with coins....
  • GOLDMAN: Oil Is On The Verge Of Plunging To $20

    09/11/2015 6:15:39 AM PDT · by blam · 37 replies
    BI ^ | 9-11-2015 | Mike Bird
    Mike BirdSeptember 11, 2015Oil prices have been on a roller-coaster ride over the past year. West Texas Intermediate (WTI) oil tumbled late in 2014 from over $100 (£64.78) a barrel to just around $45 a barrel early this year. After a recovery back to around $60 a barrel during the early summer, prices have gone through the floor again, down to $45.12 on Friday. But oil could go even lower.The price of a barrel of oil could go to just $20 soon, according to Goldman Sachs analysts led by global commodities research chief Jeffrey Currie. There's a huge surplus of...
  • Something Just Snapped At The Comex

    09/09/2015 10:12:22 AM PDT · by blam · 24 replies
    Zero Hedge ^ | 9-9-2015 | Tyler Durden
    Tyler Durden 09/09/2015 Just over one month ago, when looking at the latest changes in registered gold held at the Comex ,we were stunned not only by the collapse in this series to a record low of just over 350k ounces or barely over 10 tons, but also by the surge in "gold coverage", or the amount of paper gold claims on physical gold, which exploded to a record high 124 per ounce. This is what we said on August 3: While on its own, gold open interest - which merely represents the total potential claims on gold if exercised...
  • Chinese Medicine Not Impressing Dr Copper

    08/27/2015 10:57:54 AM PDT · by blam · 4 replies
    Market Oracle ^ | 8-27-2015 | Dan_Norcini
    August 27, 2015 Dan_Norcini Dr. Copper apparently does not approve of the prescription ordered by the Chinese authorities to stem the slowdown in that nation, namely another 25 basis point interest rate reduction and a lowering of bank reserve requirements. The red metal cannot sustain any upside action for long before sellers emerge to whack it again. This is number one of my THREE BIG Cís, Copper, Crude oil and Cotton. So what exactly are the other two Cís telling us? (snip)
  • Silver Is Soaring

    08/27/2015 10:11:30 AM PDT · by blam · 18 replies
    Zero Hedge ^ | 8-27-2015 | Tyler Durden
    Tyler Durden 08/27/2015 Shortly before 10amET, amid USD strength, futures prices for Copper, Crude, and Silver suddenly started spiking higher...(snip)
  • The sand and the fury

    08/24/2015 11:17:33 AM PDT · by Lorianne · 6 replies
    Wired UK ^ | 03 February 2015 | Vince Beiser
    Civilisation is built on sand Ė literally. It's been a critical component of construction and progress since ancient times. In the 15th century an Italian artisan figured out how to turn it into the transparent glass that made it possible to make the microscopes, telescopes and other technologies that helped drive the Renaissance's scientific revolution. Sand is an essential ingredient in detergents, cosmetics, toothpaste, solar panels, windows, silicon chips and buildings; every concrete structure around the world is basically sand and gravel glued together with cement. Apart from water and air, humble sand is the natural resource most consumed by...
  • Commodity Markets Are Full Of 'Doom And Gloom'

    08/24/2015 10:50:58 AM PDT · by blam · 5 replies
    Matt Smith August 24, 2015 One hundred and eleven years after the birth of Count Basie, and the ongoing rout in the crude complex is in full swing today. Downhill one-way traffic continues amid headlines such as ĎNo End in Sight for Oil GlutĎ and ĎOil Poised for Longest Weekly Losing Streak Since 1986 Amid GlutĎ. As the headlines get more apocalyptic, and the price projections get lower (this week: $15 oil, no, $10 oil), the more it feels like we are approaching a turning point. Or at least a whipsaw. Looking at the overnight data releases, China has served...
  • ĎBlack Mondayí on Chinese stock market as shares plummet by more than 8% ...

    08/24/2015 5:06:25 AM PDT · by TigerClaws · 41 replies
    ĎMarkets are panicking,í said Takako Masai, the head of research at Shinsei Bank in Tokyo. ĎThings are starting to look like the Asian financial crisis in the late 1990s. Speculators are selling assets that seem the most vulnerable.í Even a last ditch attempt to rescue the market by introducing investment from pension funds failed to limit the serious losses as investors continue to flee the equity market. Read more: http://www.dailymail.co.uk/news/article-3208576/Black-Monday-Chinese-stock-market-shares-plummet-8-world-s-second-biggest-economy-continues-freefall.html#ixzz3jjXj2oMb Follow us: @MailOnline on Twitter | DailyMail on Facebook
  • Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks (BDI)

    08/24/2015 4:58:46 AM PDT · by blam · 17 replies
    Zero Hedge ^ | 8-24-2015 | Tyler Durden
    Tyler Durden 08/23/2015 Three weeks ago, when we last looked at the collapse in trade along what may be the most trafficked route involving China, i.e., from Asia to Northern Europe, we noted that while that particular shipping freight rate Europe had crashed some 23% on just one week, there was some good news: at least the Baltic Dry index was still inexplicably rising, and at last check it was hovering just above 1,100. That is no longer the case, and just as with everything else in recent months, the Baltic Dry dead cat bounce is now over, with the...
  • Russia's ruble falls to lowest this year, market drops over 4%

    08/24/2015 3:32:11 AM PDT · by elhombrelibre · 33 replies
    AFP ^ | 24 Aug 15 | Unknown
    Moscow (AFP) - Russia's battered ruble dropped Monday to its lowest point this year as Asian and European stock markets nose-dived over concerns about the Chinese economy. Russia's dollar-denominated RTS index fell 4.21 percent at opening as the ruble tumbled to 70.92 against the dollar, its weakest against the greenback since December 2014. The ruble-denominated Micex meanwhile dropped by 1.76 percent. The plunge in oil prices and Western sanctions over Moscow's role in the Ukraine crisis have pummelled the Russian economy in recent months, with the ruble collapsing in value. Russia's recession worsened in the second quarter as the gross...
  • Dow futures tumble as Wall Street preps for meltdown

    08/24/2015 4:00:11 AM PDT · by EBH · 331 replies
    CnbC ^ | 8/24/2015 | Jenny Cosgrove
    U.S. stock index futures screamed lower, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling more than 400 points, as fears surrounding the health of China's economy multiplied. These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent . Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.
  • US Stock futures already at -347 points at 5:59am EST.

    08/24/2015 2:57:20 AM PDT · by Enlightened1 · 106 replies
    CNBC ^ | 08/24/15
  • Bloomberg's Commodity Index Just Hit A 21st Century Low

    08/23/2015 9:50:12 PM PDT · by Perseverando · 12 replies
    Zero Hedge ^ | August 23, 2015 | Tyler Durden
    After the Bloomberg commodity index crashed overnight, having tumbled for each of the past 4 years, this happened: BLOOMBERG COMMODITY INDEX SLIDES TO LOWEST LEVEL SINCE 1999 Said otherwise, the lowest level in the 21s centiry. Yup, rate hike any minute now.
  • Dr. Copper Is Speaking, Are You Listening? ...

    08/19/2015 8:53:02 AM PDT · by blam · 5 replies
    Market Oracle ^ | 8-19-2015 | Rambus_Chartology
    August 18, 2015 By: Rambus_Chartology Copper is an important commodity when it comes to the health of the world economies and how it does often reflects how strong or weak the economy is. Its been awhile since we took an indepth look at Dr. Copper to see how healthy it is so tonight we'll look at a few charts starting with a daily look.(snip)
  • DAVID KOTOK: Oil Could Fall To $15

    08/17/2015 1:45:02 PM PDT · by blam · 67 replies
    BI ^ | 8-17-2015 | Bob Bryan
    Bob BryanAugust 17, 2015Oil prices have hit six-year lows, and Cumberland Advisors' David Kotok thinks the worst may be yet to come. "We could go back to $15 or $20, this is a downward slope, we don't know a bottom," Kotok said in a Monday morning interview on Bloomberg TV. WTI crude oil futures are trading near $42 a barrel while Brent futures are just above $48 a barrel. Kotok said that despite the oil industries apparent belief that things will get better, there is little reason for anything to change. "Hope is not a strategy, itís a myth," he...
  • Doomsday clock for global market crash strikes one minute to midnight as central banks lose control

    08/16/2015 5:01:08 PM PDT · by Perseverando · 45 replies
    The Telegraph ^ | August 16, 2015 | John Ficenec
    China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations. Photo: Reuters When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal. Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same...
  • This Isn't The Time To Ditch Commodities

    08/16/2015 8:44:53 AM PDT · by blam · 10 replies
    BI - The Alliance Bernstein Blog ^ | 8-16-2015 | Michelle Dunstan and Henry S. D'Auria
    Michelle Dunstan and Henry S. D'Auria August. 16, 2015 Commodities havenít been kind to investors in recent years. But we believe that shifting the frame of reference away from underlying price trends of metals and raw materials can reveal surprising opportunities in select commodity stocks. The MSCI ACWI Commodity Producers Index has declined by 28% from the beginning of 2013 to the end of July 2015. Nonenergy commodities have fared even worseóthe MSCI World Metals and Mining Index has dropped nearly 50% over the same period. Prices have plummeted because of concerns about slowing Chinese demand, coupled with continued supply...
  • Commodities Are Re-entering A 'Deflationary Vortex'

    08/10/2015 11:11:40 AM PDT · by blam · 26 replies
    BI ^ | 8-10-2015 | Akin Oyedele
    Akin Oyedele August 10, 2015The pain is far from over for commodity prices. Gold, crude oil, copper, and aluminum have all had ugly plunges this year, especially in July. And as far as analysts at Macquarie see it, it's only going to get worse.In a note to clients on Monday, the firm writes that the plunge in prices is not just a story of oversupply in commodities but also an undersupply of the dollar. And so as dollars become more scarce, the dollar gets more expensive, meaning that on a gross basis, fewer dollars buy more commodities, making it hard...
  • India Rising? Modiís Landmark Tax Bill Will Likely Pass, Says Eurasia

    07/24/2015 11:07:39 AM PDT · by entropy12
    Barron's Asia Edition ^ | 23-7-15 | Shuli Ren
    Chinaís loss is Indiaís gain. International investors are pulling out of China and plowed $705 million into India since June 12, sending the Sensex Index 7% higher. But does India have any near-term catalysts? The buzz on Narendra ModiĎs landmark reform Goods & Taxes Bill is back. An important panel in the Upper House of the parliament, which Modiís political party does not have majority in, already approved the GST bill. Now Modi just needs to get this bill passed in the Upper House. But worryingly, the monsoon session of the parliament, which opened on Tuesday and will end on...
  • There Goes Copper...

    07/23/2015 10:02:41 AM PDT · by blam · 54 replies
    BI ^ | 7-23-2015 | Akin Oyedele
    Akin Oyedele July 23, 2015Copper is at a six-year low. On Thursday, copper fell nearly 2% to as low as $2.385 a pound, the weakest level since 2009. This is part of a big sell off in commodities. Iron-ore prices have plunged, crude oil is trading below $50 per barrel, and gold is far from recovering after Sunday's flash crash and this week's continued weakness. Each market has its own set of factors motivating traders to sell. However, concern about China's slowing economy is something that is working its way across a few markets. (snip)
  • Commodities Collapsed Just Before The Last Stock Market Crash So Guess What Is Happening Right Now?

    07/23/2015 5:45:21 AM PDT · by Enlightened1 · 28 replies
    Economic Collapse ^ | 07/22/15 | Michael Snyder
    If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months ahead of time. This is precisely what happened just before the great financial crisis of 2008, and we are watching the exact same thing happen again right now. On Wednesday, commodities got absolutely pummeled, and at this point the Bloomberg Commodity Index is down a whopping 26 percent over the past twelve months. When global economic activity slows down, demand for raw materials...
  • Commodities crash could turn Australia into a new Greece

    07/19/2015 2:51:40 PM PDT · by BlopAndStop · 9 replies
    The Telegraph ^ | 19 July 2015 | Andrew Critchlow
    Last month Gina Rinehart, Australiaís richest woman and matriarch of Perthís Hancock mining dynasty delivered an unwelcome shock to her workers in Western Australia: accept a possible 10pc pay cut or face the risk of future redundancies. Ms Rinehart, whose family have accumulated vast wealth from iron ore mining, has seen her fortune dwindle since commodity prices began their inexorable slide last year. The Australian mining mogul has seen her estimated wealth collapse to around $11bn (£7bn) from a fortune that was thought to be worth around $30bn just three years ago. This colossal collapse in wealth is symptomatic of...
  • The Reckless Joyride of Gay Parenting (Robert Oscar Lopez)

    05/15/2015 6:14:52 PM PDT · by Mrs. Don-o · 8 replies
    The Stream ^ | May 13, 2015 | Anika Smith
    Robert Oscar Lopez is an associate professor of English and Classics at Cal State-Northridge. He specializes in American literature and loves Michel Foucault. He identifies as bisexual and is married [to a woman] and the father of two children. And in August 2012, he published ďGrowing Up with Two MomsĒ in Public Discourse, which described his life growing up with a lesbian mother and her partner. Because he shared his story, he was labeled a homophobe and became the target of a silencing campaign that worked to keep him off the air and off college campuses. Professor Lopez talked...
  • Shriveled grapes, shriveled liberty

    04/19/2015 1:59:34 PM PDT · by afraidfortherepublic · 4 replies
    The Washington Post ^ | 4-19-15 | George Will
    In oral arguments Wednesday, the Supreme Court will hear the government defend its kleptocratic behavior while administering an indefensible law. The Agricultural Marketing Agreement Act of 1937 is among the measures by which New Dealers tried and failed to regulate and mandate America back to prosperity. Seventy-eight years later, it is the governmentís reason for stealing Marvin and Laura Horneís raisins. New Dealers had bushels of theories, including this: In an economic depression, prices fall, so a recovery will occur when government compels prices to stabilize above where a free market would put them. So Franklin Delano Rooseveltís ďbrains trustĒ...
  • Copper Just Spiked (Dr Copper)

    03/23/2015 3:01:04 PM PDT · by blam · 11 replies
    BI ^ | 3-23-2015 | Akin Oyedele
    Akin Oyedele March 23, 2015 Copper just spiked. Copper futures by more than 5% rose to as much as $2.1945 a pound after the closing bell on Monday. That's the highest its been all year. There was no immediate news related to the rapid increase. Prices had been sliding, as China's economic woes meant that it was in less demand for construction. (snip)
  • Gold's Obituary... Phase 2 Now Underway

    03/10/2015 5:45:25 PM PDT · by blam · 16 replies
    TMO ^ | 3-10-2015 | David Petch
    March 2015 David Petch This article is an update of Goldís Obituary published back at the end of October 2014. Nothing has changed since that forecast, except the passage of time to arrive at where we are today. Analysis will cover a few currencies and different markets, which should provide a flavour of where things are heading over the next 6-8 months. As a hint, being long commodities as a whole is not recommended in the slightest. I was going to start things off with the Canadian Dollar which should find support no sooner than 72 cents, but since it...
  • Commodity Prices Set To Plunge Below 2008 Lows

    02/26/2015 11:37:16 AM PST · by blam · 44 replies
    TMO ^ | 2-26-2015 | Austin Galt
    February 26, 2015 Austin Galt This analysis will cover the CRB Continuous Commodity Index, the US Dollar index and one of the main commodity currencies, the Australian dollar. Weíll begin with the CRB Continuous Commodity Index which comprises a mixture of components from sectors including energy, metals, soft commodities and agriculture. (snip)If this analysis is correct, it means a big deflationary spiral is dead ahead that will see market participants wide-eyed with fear. However, there should be a significant rally before then which will allow many to get their houses in order. And once this deflationary spiral has run its...
  • Copper Commodity Price Technical Outlook (Dr Copper)

    02/23/2015 6:53:55 PM PST · by blam · 7 replies
    TMO ^ | 2-23-2015 | Austin Galt
    February 22, 2015 By: Austin Galt Copper got a bit of press attention recently with headlines of a plunge in price. This was in early January and I hadn't looked at the copper chart for a few days and I was gobsmacked when I did. A plunge they say?! What a load of baloney!! If that was a plunge then they are in for a big shock later this year if my analysis is correct. But let's not get ahead of ourselves. Let's start with the small picture and then come back to the big picture which will reveal the...
  • Gold Price $250 Forecast - Dear Harry Dent: Wanna Bet?

    02/19/2015 2:43:10 PM PST · by blam · 56 replies
    TMO ^ | 2-19-2015 | Jeff Clark
    February 18, 2015 Jeff_Clark Some of you may be aware that investment guru Harry Dent has publicly stated that gold will fall to $250-$400. He specifically predicted: Around $700/ounce is a certainty in gold by 2015 to 2016, and $250 is a possibility well down the line by 2020Ė2023. His forecast is largely based on his belief that deflation will prevail. Governments are fighting deflation. If government stimulus fails, we will have deflation, not inflation. (snip) As a gold analyst whoís spent every day of the last seven-plus years watching this market, I canít let this pass. Iím sure gold...
  • US Farmers Expected to See 32 Percent Drop in Income in 2015

    02/11/2015 5:33:15 AM PST · by bestintxas · 42 replies
    newsmax ^ | 2/11/15
    Net income for farmers is expected to fall by nearly 32 percent this year as corn and soybean prices remain low and expenses creep higher, the U.S. Department of Agriculture said in a report. While some farmers renting land at higher prices will find it an unprofitable year, the statistics are not as dire as they may sound for farmers in general, since just two years ago income was at a record high, farm economists said. "It's neither happy times nor is the sky falling in terms of agriculture incomes," said Scott Irwin, an agricultural economist at the University of...
  • Obama Regulation Czar Advocated Removing Peopleís Organs Without Explicit Consent

    09/04/2009 4:15:09 AM PDT · by Man50D · 105 replies · 2,375+ views
    CNSNews.com ^ | September 04, 2009 | Matt Cover
    Cass Sunstein, President Barack Obamaís nominee to head the Office of Information and Regulatory Affairs (OIRA), has advocated a policy under which the government would ďpresumeĒ someone has consented to having his or her organs removed for transplantation into someone else when they die unless that person has explicitly indicated that his or her organs should not be taken. Under such a policy, hospitals would harvest organs from people who never gave permission for this to be done. Outlined in the 2008 book ďNudge: Improving Decisions About Health, Wealth, and Happiness,Ē Sunstein and co-author Richard H. Thaler argued that the...
  • The Most Economically-Correlated Commodity Is Flashing Red (Lumber)

    01/22/2015 5:58:17 AM PST · by blam · 29 replies
    Zero Hedge ^ | 1-22-1015 | Tyler Durden
    Tyler Durden 01/21/2015 While Crude Oil and Dr. Copper are often cited as economic indicators, as @Not_Jim_Cramer notes, in fact Lumber prices are the most correlated with ISM and GDP of all industrial commodities. That is a problem. Lumber prices are tumbling and are breaking the 6-year up-trend that has 'proved' the recovery. With no CCFD manipulation and less financialization than crude, perhaps Lumber is the real canary in the economic collapse coalmine... Lumber is the most correlated to ISM and GDP of all the industrial commodities... and that is not good for the US economy...
  • Rickards: Brace For Financial Storm 6x Larger Than 2008

    01/21/2015 12:09:48 PM PST · by alexmark1917 · 38 replies
    Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 subprime mortgage meltdown... The next financial collapse, already on our radar screen, will not come from hedge funds or home mortgages. It will come from junk bonds, especially energy-related and emerging-market corporate debt. The Financial Times recently estimated that the total amount of energy-related corporate debt issued from 2009-2014 for exploration and development is over $5 trillion. Meanwhile, the Bank for International Settlements recently estimated that the total amount of emerging-market dollar-denominated corporate debt is over $9 trillion. Energy-sector...
  • BAML: Dr. Copper Is Shouting 'Sell' Chinese Stocks

    01/14/2015 3:10:05 PM PST · by blam · 9 replies
    BI ^ | 1-14-2015 | Myles Udland
    Myles Udland January 14, 2015Copper took turn for the worst on Tuesday night, falling more than 6% to below $2.50 per pound in New York, a fresh four-year low. In a note to clients on Wednesday, David Cui at Bank of America Merrill Lynch said this not sending a good signal to the white hot Shanghai stock market, which was the world's best performing stock market in 2014. Cui wrote that given the widespread use of copper in the Chinese economy, a drop demand ó and a resulting drop in price ó is often a good indicator of economic health...