Did Corn Meet its Maker Today?
Corn and grains in general have had a massive rally this summer due to the heat and lack of precipitation across the U.S. That’s pretty much been the case here in CLE, OH as well – a lot of heat,…
Commercial Hedgers Love Copper & Large Speculators Hate It; Which Group Usually Gets It Right?
The chart below shows that commercial hedgers have amassed the largest net long position in the metal since 2004. At the same time, large speculators have amassed one of the largest short positions they’ve ever held over the same period….
Repeating Pattern in the Ratio of Copper vs. Gold Suggesting Another Fall 2008 Scenario?
We’ve commented on the ratio of copper vs. gold a few times over the past few months including here and here. The ratio tends to be a good proxy for global economic activity and risk levels. Prior posts have centered around the…
Ratio of Copper vs. Gold Continues to Suggest a Major Move in Risk Assets on the Horizon
We posted this same analysis a few weeks ago and are updating it now given it has changed since then (break-out in ratio occurring). The only times the ratio of copper vs. gold has been lower than it has been…...