ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Oh to have the resources of China. The Financial Times reports in “China sits on up to $1.5bn in copper profits” that China has cleaned up in betting against the deflationary fears that gripped much of the planet in 2008-2009: “Beijing’s bet that a ‘super-cycle’ in metals markets would keep copper prices high, despite the … Read more
While we await another challenge of the June highs by the S&P 500, copper has quickly recovered almost all its losses from the sell-off that began in May. Copper is potentially heading for fresh post-crash highs. Source: stockcharts.com Of course, copper is now much more important to the emerging and developing markets than to developed … Read more
Some fun facts: Gold (GLD) is up 18% for 2009. The S&P 500 is up 17% for 2009. The S&P 500 has essentially gone nowhere in “real gold” terms. The angriest bears out there might declare that the stock market rally is merely a mirage, the result of the decreasing value of paper currency. I … Read more