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 November 1, 2015. Click here to read the entire piece.) For the third straight month, mining, quarrying, and oil and gas extraction in Canada expanded. According to Statistics Canada, this commodity and energy based category of economic output has now grown … Read more
It was fun while it lasted. The trades I described in coal in the wake of news of investments by George Soros seem to be coming to a decisive end. The recent bottoms have not yet given way but seems sure to do so in the coming days or weeks. Arch Coal (ACI) has swung … Read more
“Earlier this month, it is reported in the local Macau media that the Director delays to Macau and mainland China that the central government is going to help support Macau’s economy. And these comments followed similar statements from Macau’s Chief Executive last month. I think no real specifics were given. So my question to you … Read more
I keep looking for reasons to believe in a bottom for commodities. Recently, the big washout of sellers in commodity giant Glencore looked like such a signal. Upon closer examination, I decided that the bottom is more likely temporary than sustainable. The latest signal was the third quarter (2015) production report from Rio Tinto (RIO) … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 14, 2015. Click here to read the entire piece.) {snip} This quote is the entirety of a terse and pointed press release that commodity giant Glencore (GLCNF) (GLNCY) delivered to calm market fears about the company’s business. This release came … Read more