For those of you investing directly in ETFs that track commodities like gold, oil and platinum, a word of caution: Many popular ETFs that were designed to track commodities like gold, oil and platinum may NOT be in tight lockstep with the price changes of the underlying physical commodity.
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Its shares are likely to soar even higher, now that the exchange is getting into energy and gold trading in a big way, with a 10-year agreement to trade the most popular oil, gold and other benchmark contracts of the New York Mercantile Exchange through its Globex electronic trading system.
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But my journey through Binary has not been all oil and gold so to speak.
The result soon was skyrocketing oil, gold and other hard-asset prices, and general inflation.
Now oil is again outside the oil-gold price ratio band, slightly, and this time to the other side.
Commodity markets have been kind to Indonesia with its abundant reserves of coal, copper, palm oil and gold.
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India's imports remain high because of rising local demand for oil and gold.
Excerpted from the July 6 issue of Block Traders' Oil and Gold Monitor.
After the dollar began to float in 1971, both oil and gold soared.
It has oil, gold, chromium, iron ore and a host of other minerals.
They point to elevated oil and gold prices and to some price indexes.
China is tapping into huge, previously unknown reserves of coal, copper, oil, gold and rare Earth elements in nearby Mongolia.
The action Friday in the stock market was overshadowed by the sharp declines in crude oil and gold in early trading.
When the oil-gold price ratio is outside that box, something is askew.
Madagascar, the world's fourth-largest island, has become a destination for tourists as well as foreign companies, searching for oil, gold, cobalt, nickel and uranium.
This should all be bullish for commodities, such as copper, oil and gold, and also trickle down to boost share prices of natural resources equities.
So the challenge for the administrators is to unwind all the positions before they start receiving oil or gold or whatever the traders have been dealing in.
Considered from an investment standpoint, commodities such as oil and gold continue to rise in nominal terms while the dollar falls, but sticky consumer prices remain relatively stable.
Speculators circle oil and gold like buzzards sniffing financial pestilence.
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The price of oil and gold are likely to rise for the final 3 months of QE2 buttesssed by the widespread geopolitical unrest, and the approach of the summer driving season.
"Africa's rich in gas, minerals, oil, gold, platinum, you name it, " says Ettore Poggi, managing director of South Africa for ExecuJet Aviation Group, which offers services including corporate aircraft charter, mangement and maintenance.
Still, foreign money has flooded into Indian stocks, particularly since early April, when oil and gold prices began to fall seen as good for India's financial health and the Bank of Japan announced its drastic monetary-stimulus program.
India's current account deficit widened to a record 5.4% of gross domestic product in the July-September quarter primarily driven by high oil and gold imports and a sharp slowdown in exports witnessed over the past year.
Trading in commodities such as oil and gold also stayed open, and the threat posed by Hurricane Sandy to gasoline refineries on the East Coast put a particular premium on watching the price moves in energy-related commodities.
Since we started three years ago keeping the scorecard of the most recent 12-months' closed out recommendations from Block Traders' Oil and Gold Monitor, the annual rate of gain has dipped down into the high 20%'s only once.
Commodities have been rising on account of demand and loose monetary policy in the US, in particular, where near-zero capital costs have weakened the dollar and turned money managers onto hard assets like oil, gold, and agricultural commodities.
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