Tag: russia

Load up on Food ETFs…

Filed in BP, commodities, euro, GOld juniors, Gold Market, o by on February 9, 2011 0 Comments

It’s time to load up on more food ETFs, like the Market Vectors Agribusiness ETF (MOO). The USDA just reported even more inventory cuts for agriculture commodities, including corn, wheat, soybeans, sugar and rice. Couple that with last week’s Food and Agriculture (FAO) of the UN Food Index report, and food-related ETFs are likely to rocket even more, according to Briefing.com. Just last week, the FAO reported that the food price index nailed new all-time highs for January. According to Briefing.com, “ The Index rose 3.4% from December, averaging 231 points in January. This is the highest level (both in real and nominal terms) since FAO started measuring food prices in 1990. Overall, prices of all monitored commodity groups registered strong gains in January, except for meat, which remained unchanged.” Even better… “Unusual weather in 2010 hit many areas of the world, including Russia, the U.S. and many parts of Europe, which has cut inventory levels in many agriculture commodities around the world to multi-year lows. Overall, many commodities have seen notable inventory reductions including corn, wheat, soybeans, soybean meal, soybean oil, sugar, rice and coffee. Palm oil and cooking oil inventories have also fallen notably. Overall, there are both supply and demand factors driving

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Ben Plans, Food Prices Reach All-Time Highs

Ben Plans, Food Prices Reach All-Time Highs

Don’t you just love the Federal Reserve…? Higher prices have helped to set the world ablaze and Bernanke & Co. continue to insist inflation is a figment of our imagination. You see, despite the obvious fact that commodity prices are skyrocketing……. …the Fed comes out with this nonsense this morning. About inflation the Bernank remarked: “On the inflation front, we have recently seen significant increases in some highly visible prices, notably for gasoline. Indeed, prices of many commodities have risen lately, largely as a result of the very strong demand from fast-growing emerging market economies, coupled, in some cases, with constraints on supply. Nevertheless, overall inflation remains quite low : Over the 12 months ending in December, prices for all the goods and services purchased by households increased by only 1.2 percent, down from 2.4 percent over the prior 12 months. To assess underlying trends in inflation, economists also follow several alternative measures of inflation; one such measure is so-called core inflation, which excludes the more volatile food and energy components and therefore can be a better predictor of where overall inflation is headed. Core inflation was only 0.7 percent in 2010, compared with around 2-1/2 percent in 2007, the year before the recession began.” Meanwhile, the reality is food prices around the world have hit their highest levels EVER… From Breitbart entitled: World food prices hit record high: UN agency “ World food prices reached their highest level ever recorded in January and are set to keep rising for months, the UN food agency said on Thursday, warning that the hardest-hit countries could face turmoil. Rising food prices have been cited among the driving forces behind recent popular revolts in north Africa, including the uprising in Egypt and the toppling …

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Uranium’s Bull Market Pushes Forward

Filed in BP, Gold, GOld juniors, Gold Market, lead, Lear, miners, mongolia, o, shares, target, ubs by on January 28, 2011 0 Comments
Uranium’s Bull Market Pushes Forward

Uranium prices are breaking out. A pound of U3O8 hit $70 yesterday, up 12% already for the year. And thanks to increasing demand and tight supply, prices could be headed even higher. When uranium prices bottomed out last summer, Wealth Daily took notice and started telling you about it… Back in August, Ian Cooper told readers: “Uranium just became the hottest story of the year — and quite possibly the ‘supply-demand’ buying opportunity of a lifetime.” Why we’re investing in uranium: increasing global demand production shortfalls mine closings diminishing secondary supplies significant price increase growing speculation He hit the nail on the head. Since that time, the price of uranium has increased some 60%. Ian told subscribers, “One company set to benefit significantly is Cameco (NYSE: CCJ), the co-owner of the world’s biggest uranium mine.” Wealth Daily members who bought CCJ on Ian’s recommendation have returned a 52% gain so far. But Ian wasn’t the only Wealth Daily editor telling you about uranium… A few weeks later, Chris DeHaemer wrote: “The downtrend [in uranium prices] has been broken and we’ll start to see higher highs as well as higher lows.” In his article, Chris talked about Uranium One (TSX: UUU) and Denison Mines (AMEX: DNN), which have returned 70% and 119% gains respectively since he wrote the article. Even Angel Publisher Brian Hicks wrote to you a few months back, calling Uranerz Energy (AMEX: URZ) “the single uranium stock you need to own right now.” At the time, he urged Wealth Daily subscribers to buy shares of Uranerz Energy at $1.50: “Buy URZ at current levels for triple-digit gains in the coming months.” Since that time, shares of URZ have more than tripled, paying investors a 267% gain . Shares of uranium miners like Uranerz and the others have been reacting positively to surging commodity prices. Uranium prices spike 67% in six months Since bottoming out at $42 in June, the price of uranium-oxide (U3O8) jumped to $70 per pound this week for the first time since April 2008 as demand…

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Free Afiuni, Political Prisoner of Hugo Chavez

Filed in BP, Gold Prices, o, silver by on January 15, 2011 0 Comments

Venezuelan President Hugo Chavez maintains in detention varying numbers of political prisoners at any given time, but the case which has stood out the most over the past year has been that of Judge Maria Lourdes Afiuni.  Imprisoned for no…

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Russia’s Rosneft Acquires 5 Percent Stake in BP (NYSE:BP)

Filed in Bob Dudley, BP, Gold Bullion prices, o, Rosneft, shares, Vladimir Putin by on January 14, 2011 0 Comments

More news is coming out concerning the deal between BP (NYSE:BP) and the largest oil company in Russia: Rosneft. The latest is the Russian oil giant has taken a 5 percent stake in BP common shares in exchange for approximately 9.5 percent of Rosneft. BP and Russia have had a cooperation agreement in place since 2006, but this is the real first action that has been taken since then by the two

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Medvedev and the "Rebirth" of Russia

Filed in BP, Gold Investing, Gold Prices, o, silver by on January 14, 2011 0 Comments

Barring some remarkable turn of events, in about 14 months the first Medvedev presidency will come to an unremarkable conclusion.  Perhaps sensing the ticking clock, and eager to leave his signature on at least one successful item of public policy,…

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Reversal of Fortune

Filed in BP, euro, Gold, Gold Market, lead, o, target by on January 5, 2011 0 Comments
Reversal of Fortune

You know we just don’t recognize the most significant moments of our lives while they’re happening. Back then I thought, well, there’ll be other days. I didn’t realize that that was the only day. — Archibald “Moonlight” Graham, Field of Dreams “Watch out young fella, it’s always the second person who gets hit,” said Junior, an old, grizzled, barrel-bellied Texas wildcatter who now spent his days recounting his legendary successes and failures at the only gas station in the town of Desdemona (which also doubled as the town’s only restaurant). “Huh?” I was bewildered. “Rattlesnakes, son. These fields are crawling with rattlers… some of the biggest in the state. As long as your body,” he said. He was right. I looked on the wall inside the restaurant, and there was an old picture — looked to be from the 1970s — of Junior holding up a dead rattle snake, easily six feet long. He continued, “Just remember, if you come across a rattler, the first guy usually startles the snake… And by the time it’s ready to strike, the lucky bastard is already out of range. But when the second poor son of a bitch comes along, the snake is ready for Freddie. Bang!” I nodded and thanked Junior for the inside tip. It was July 2005 in Desdemona, Texas, the southernmost tip of the Barnett Shale. I came with a group of investors looking to buy some parcels that hadn’t been snapped up by the biggies like XTO and Devon. Land in the Barnett was still relatively cheap, especially on…

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Khodorkovsky 2017

Filed in BP, Gold Prices, o, silver by on December 30, 2010 0 Comments

I think I have made my own perspectives on the verdict and sentence handed down to Mikhail Khodorkovsky and Platon Lebedev abundantly clear in a variety of interviews.  However today’s news of the almost maximum sentence of 14 years (six…

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Grigory Pasko: When the Deaf Sing

Filed in BP, Gold Investing, o by on December 30, 2010 0 Comments

On 21 December, the case of a certain S.Antonov was being examined in the court of the Central district of Minsk. According to the police report, he had participated in an unsanctioned action and had been shouting out anti-state slogans….

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South Korean president ramps up aggressive stance towards North

Filed in gld, Gold, o by on December 29, 2010 0 Comments

The South said it was planning more drills this week, despite objections from Russia and China who have urged calm on both sides and increasingly bellicose rhetoric from Pyongyang which promised a “sacred” nuclear war if the South impinged on its territory. But while the world has grown inured to such language from the North in recent years, the hardening tone in the South has raised concerns among many analysts that a future provocation by North Korea could now spark a war between the two sides.

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The beef fundamentals remain strong moving into December.

Filed in o, silver, ubs by on November 26, 2010 0 Comments

LEAN HOGS Good morning. Lean hog futures rallied on Wednesday with prices testing resistance levels and reaching toward new recent highs in most of the hog contracts. Some talk and concerns about ASF (African swine fever) in Russia was cited as one reason for the board strength on Wed. Keep in mind this is not a new development or a new story. Russia has been fighting this disease problem for months. It seems Russia continues to have a difficult time expanding pork production to self sufficient levels as desired. Repeating; this is not a new story but it did crop up on the news Wed to partly justify the board rally. Cash hog prices were higher on Wed and they’re called fully steady to higher again today. Packers will be expanding the Sat kill effort as pork processing margins remain very profitable. The pork cutout was up .30 on Wed. I suspect the pork fundamentals, moving forward into Dec are not going to be strong enough to justify the fabulous board premiums. The latest CME lean hog index stands at 6350. Dec futures settled Wed at 7037. This contract expires in 20 days. I’m moving my spec traders as well as my hedge customers into short positions in the Dec through Aug hogs. LIVE CATTLE The impressive action, both technically and fundamentally, remained in place during Wed’s trading session. Both live cattle and feeder cattle futures closed higher. The live cattle absorbed several rounds of profit taking type selling but the board still closed higher. Feeder futures continue to grind through resistance levels with the next major resistance pegged at 120. Open interest was higher in both fats and feeders on the strength Wed. The impressive jump in the cash steer market this week has been the driving force. Evidently the beef packer, short bought, is feeling strong demand for product. Cattle continue to be pulled ahead with November the marketing pace likely substantially larger than last year. The recent cattle-on-feed report, pegging on-feed inventory at 103% of last year, is likely the peak inventory. If the Dec live cattle contract takes out the massive double top on the chart, this will open up the market for a move to 10700. I’m bullish and trading live cattle futures from the long side. If you’re not satisfied with your current brokerage relationship, give me a call or send me an email. dennis.smith@archerfinancials.com 877.377.7905

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More Oil Discovered in NoDak

Filed in BP, euro, Gold, GOld juniors, o, silver by on November 24, 2010 0 Comments

About a month ago, I wrote about a bona fide black gold rush going on in North Dakota. I told you how workers have been sleeping in tents and cars because of the housing shortage the booming oil industry created. The unemployment rate is the lowest in the nation; only the surrounding suburbs of Washington, D.C., come close to NoDak’s near full employment. Cadillac, Mercedes, and BMW dealerships can’t keep cars on the lot… Exactly a month ago, I said: “It seems like new oilfields are being discovered almost every year in NoDak.” It’s true. Since 2008, the Bakken, Three Forks, and Spearfish formations have experienced a renaissance of activity. Guess what? Since the publication of my article, another, new oil formation is getting a lot of attention: the Tyler formation. Well, it’s not actually “new.” None of these formations are really new. What is new are the flow rates… and the method of drilling. Horizontal fracking is opening up a flood of oil and natural gas that’s been stuck in shale for millennia. (Please note: This doesn’t change Peak Oil ;).) According to recent reports, NoDak state officials say the oil formation in Southwestern North Dakota believed to be similar to the Bakken shale formation is getting a lot of interest. Department of Mineral Resources geologist Stephan Nordeng says the Tyler Formation above the Bakken encompasses nearly all of Western and Southwestern North Dakota and extends into South Dakota. State Mineral Resources Director Lynn Helms — who now has celebrity…

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