Tag: market-remains

Cotton Closes Above $2 per Pound as Market Remains in Chaos

Filed in commodities, New Gold, o, South African Gold, Spot Gold by on February 18, 2011 0 Comments
Cotton Closes Above $2 per Pound as Market Remains in Chaos

Filed under: Major Movement , Industry , Market Matters , Commodities , Agriculture The cotton market is in a state of chaos. On Friday, March cotton on the ICE exchange closed at $2.1102 per pound, up the 7 cent daily limit, the Financial Times reported. The market opened limit up at $2.1102. That means that you cannot buy cotton even if you wanted to. The market is frozen. Commodities are much different from stocks. Commodities are a zero sum game. Contracts usually last for three months. At the end of the three months, the longs take delivery from the shorts who deliver their cotton, and zero contracts are left. Continue reading Cotton Closes Above $2 per Pound as Market Remains in Chaos Cotton Closes Above $2 per Pound as Market Remains in Chaos originally appeared on BloggingStocks on Fri, 18 Feb 2011 10:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Late Day Selling Overpowers CSCO’s Dividend News

Filed in Gold Investing by on September 14, 2010 0 Comments

The market remains in an uptrend despite late day selling Better than expected retail sales figures failed to spark a morning rally, but it wouldn’t be long until buyers would step up to the plate and support stocks.  The NASDAQ briefly took out its 200 day moving average, but volume was light.  Volume ran light across

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Look for recoveries in the livestock to meet increased selling interest

Filed in Gold Bullion prices, silver by on May 7, 2010 0 Comments

LEAN HOGS Hog futures closed mixed on Thursday after an extremely volatile session. Benchmark yesterday’s highs and yesterday’s lows as important resistance and support. I fear the next major move will be downward, through the lows. The pork packer is throttling back on the chain speed showing both a reluctance to chase hogs through higher bids and grumbling about much narrower processing margins. Other negative factors include the theory that speculative money is beginning to “come out” of the livestock markets and the overall negative influence from the outside markets. Finally, the seasonal tendencies are right for a top at this time of year. I’m executing hedging strategies for my producer/clients. LIVE CATTLE Live cattle futures closed lower across the board on Thursday although major support levels have not been penetrated. The market remains locked in an uptrend. I’ve been edging out of speculative length and have very few long positions left on the book. I’ve also been executing hedging strategies for my producers mostly in the Aug options but also as far out as the Dec. Regardless of the action, I believe we’re getting fairly close both in time and price to a seasonal top in live cattle futures. If you need help in developing and executing a hedging strategy in the livestock markets give me a call or send me an email. dennis.smith@archerfinancials.com 877.377.7905

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