ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on September 3, 2012. Click here to read the entire piece.) {snip} {snip} First, why bother with a silver miner that is experiencing operational difficulties due to political turmoil? I think the company’s description of itself provides a good summary of the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 26, 2012. Click here to read the entire piece.) I did not think it would happen, but the dollar index finally closed above its “QE2 reference price.” {snip} I have contended that if the dollar index reached current levels, the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 9, 2012. Click here to read the entire piece.) Almost a month ago, John C. Ashburn, Executive Vice President & General Counsel of Molycorp (MCP) purchased $101,300 worth of MCP stock. This purchased converted him from an insider seller during … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2012. Click here to read the entire piece.) Thanks largely to the surging euro, the U.S. dollar index (UUP) took one of its nastiest one-day tumbles since last October, falling 1.3%. I believe this drop all but confirms staunch … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 11, 2012. Click here to read the entire piece.) In several past pieces on natural gas this year (for example, “Exports Of Liquefied Natural Gas Add To Evidence Of Bottoming Natural Gas Prices“), I have offered San Juan Basin Royalty … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 1, 2012. Click here to read the entire piece.) On Tuesday, May 29, I described a trade on Joy Global (JOY) earnings featuring a bullish bias with a hedge. {snip} JOY ended up disappointing investors… {snip}… Investors and traders clearly … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 29, 2012. Click here to read the entire piece.) {snip} JOY reports earnings on the morning of May 31st with its stock struggling to stay above 2011 lows. The weekly chart shows how for a second time JOY has lost … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 21, 2012. Click here to read the entire piece.) Gold and silver have languished since reaching their last peaks in 2011. {snip} Last week, gold and silver reawakened and made sharp reversals. {snip} Note that the dollar’s resurgence since hitting … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 20, 2012. Click here to read the entire piece.) BHP Billiton (BHP) Chairman Jacques Nasser raised eyebrows in a discussion with reporters on Wednesday, May 16th when he indicated that commodity prices are likely to keep falling for now: “The … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 11, 2012. Click here to read the entire piece.) On April 19th, natural gas (UNG) reached a 10-year low at $1.907/mmBtu. This week, natural gas traded to a two-month high, the largest and longest-lasting move higher in a very, long … Read more