Tag Archives: commodities

by | September 8, 2014 · 3:06 pm

Market update

The bullish sentiment is extreme at the moment. Take a look at S&P 500, which is above 2,000, trading at 2,007,71. Up +0,50%. Nasdaq is up +0,45%, trading at 4,582,90. DJIA is up +0,40%, trading at 17,137,36.

nasdaq logo

Europe is in a red territory today. Dax is down -0,17%, trading at 9,730,38. CAC 40 is down -0,38%, trading at 4,469,61. FTSE 100 is down -0,97%, trading at 6,788,70, and Stoxx 50 is down -0,46%, trading at 3,260,30.

Many are bullish on gold, but keep in mind that gold is still in a bearish territory, despite the higher lows in the chart since the end of last year. I watch gold every day, and I`m looking for 1,250 – 1,270 area. In the same time, I`m looking for 1,000. It can drop down below 1,000 too.

Crude oil (brent) is trading at 100,25, down -0,57%. Silver is down below 20,00, trading at 19,23, but this precious metal is trading up today +0,39%. Another precious metal that is following silver is the copper, which is up 0,88%, trading at 319,75.

It`s interesting to watch the dollar right now. The U.S dollar index which hit another 13-month high overnight are making big moves. I follow the U.S dollar daily, because the dollar can threat the gold. Maybe the dollar is the safe heaven, and not the gold? That`s why it is important to follow those two combined.

One of the main reasons why the dollar is moving so fast now, is all the action in the EU. What happens in EU will affect the pair EUR/USD. I think that Mario Draghi will be very important for the daytraders in the future.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | March 12, 2014 · 2:11 pm

China fears

Japan`s Nikkei fell -2,6% today, as investors locked in some profits as caution over Chinese demand continued to hurt commodity stocks. Nikkei ended at 14,830,39 points. It`s all down in Europe too. Gold is up +1,22%.

Gold

Shanghai copper fell by its 5% daily limit and London copper hit a 44-month low. Investors eyes are on mining stocks now because the world’s top user of copper (China) could unlock copper from financing deals and unleash more selling.

Credit Agricole said in a note that it looks bad, and that copper prices continue to be hit by China growth worries. Ukraine tensions have intensified with diplomatic efforts yielding no success and that makes investors nervous.

The U.S markets will open up in a negative territory today, putting the S&P 500 on track for a third day of declines. All this because of the China fear. Not all the investors are selling stocks. Some of them are always looking for bulls.

Take a look at Oxigene Inc (OXGN:O) today. That stock surged 145% before the opening bell, trading at $5,93. They have declared a contract with shareholders to purchase an aggregate of almost $12 million of units at a price of $2,05.

The share faced its lowest price of $2,09 during the latest trading session. The trading volume with the big jump is 8,54 million shares, compared with the average of 586,076 shares. The company`s market cap is $27,75 billion with 11,47 million shares outstanding.

Reports today:

 

10:30 AM ET Crude Oil Inventories
01:01 AM ET 10-y Bond Auction

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | March 5, 2014 · 2:11 pm

Market Update

Nikkei rose +1,20% after comments by Russian President Vladimir Putin eased worries about military action in Ukraine. We also saw a big bullish move in the U.S markets yesterday. It was so green and beautiful.

European shares are steady today and commodities like gold and oil is trading down today. It seems like the U.S markets will open up today. Not bad after the bullish race yesterday: Nasdaq was up +1,75%, while S&P 500 went up +1,53%. The DOW is trading at 16,395,88, up +227,85, which is up +1,41%. Wow!

It is difficult to predict the future for currencies and oil. That`s because it is all about politics. Investors don`t like war, and what Putin or Obama says or do will have a huge impact of the financial markets.

Reports today:

08:15 AM ET ADP Employment Report
10:00 AM ET ISM Non-Mfg Index
10:30 AM ET EIA Petroleum Status Report
02:00 PM ET Beige Book

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | March 4, 2014 · 12:12 pm

Stocks rebound

We are in a positive territory again. Stocks up and commodities down. Gold is down -0,81% to 1,339,30. Copper is down -0,41 to 317,45. Crude Oil (Brent) is down -1,27% to 109,79. But Silver is up +0,17 to 21,27.

 

What Putin and Russia did was expensive to Russia. The Russian stock exchange (MICEX) plummeted after Putin declared the right to invade Ukraine. MICEX fell $58,4 bln from friday to monday, but are trading up again today.

 

The cost of the Winter Olympic games was $51 billion, held in the southern city of Sochi. In other words; the decision to invade Ukraine was more expensive for Russia than the whole Winter Olympic games.

 

Now, Russian President Vladimir Putin has ordered troops to turn back to the base and stop all military exercises. That is music in the investors ears, wich is now less nervous and the stock market is turning up again.

 

CAC 40 is up +1,34%. FTSE 100 is up 1,08%. DAX is up 1,03% and FTSE MIB is up +1,71%. Warren Buffet say war is a buying opportunity, because money in it self will lose value. Other investors say commodities like gold is a safe-heaven bet.

 

Tesla (TSLA) don`t care about wars. Trading up +2,13% yesterday and seems to continue up today. Tesla is up +619,3% (1 YR). So far in 2014, Tesla is up 70,1%. What a great company. It seems like the new safe-heaven is Tesla!

money2

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

 

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