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Citigroup sees ‘death bells’ for commodities supercycle in 2013

jeroff — Wed, 22 May 2013 12:00:03 +0000

The commodities supercycle is probably ending this year as China’s economic growth slows and the nation focuses less on infrastructure and urbanization, Citigroup Inc. said. This year will probably signal “death bells” for the supercycle, or a longer-than-average period of rising prices, Citigroup said in a report dated yesterday, reiterating similar calls made last month ... Read More

Citi: 2013 is ‘end of the commodities supercycle’

jeroff — Wed, 22 May 2013 12:00:03 +0000

A slower-growing Chinese economy, lack of correlation between equities and commodities, and a stronger U.S. dollar are marking the “end of the commodities supercycle,” said Citi in a research note on Tuesday. “Citi expects 2013 to be the year in which the death bells ring for the commodity supercycle after its duly noted sunset, ushering ... Read More

Stay long equities, short commodities, says Deutsche Bank

jeroff — Wed, 22 May 2013 12:00:02 +0000

This probably isn’t a surprise coming from one of Wall Street’s most prominent bulls, but Deutsche Bank chief strategist Binky Chadha isn’t among those fretting that the stock market’s string of record highs has left markets overextended and due for an imminent pullback. In a note published Tuesday, strategists led by Chadha urge clients to ... Read More

Commodity super cycle ending versus QE in the eighth inning

jeroff — Wed, 22 May 2013 09:42:00 +0000

The world ought to listen closely to Singapore. Leadership there has clearly outlined the key macro challenges world leaders and markets need to grapple with at the moment.

Foreign trade rebalancing continues for Greece

jeroff — Wed, 22 May 2013 09:18:03 +0000

Greece remains mired in a depression, but some parts of the economy have taken a turn for the better. Today’s current account deficit lends support to this view, but growth will remain negative for some time to come.

Trade Idea UPDATE: Buy gold – but only on a break of resistance

jeroff — Wed, 22 May 2013 07:17:39 +0000

The very recent reaction from cloud support on the hourly chart could help gold gather enough pace and momentum to convincingly break the 1,400 resistance area.

Trade Idea: Sell corrective rally in oil at resistance

jeroff — Tue, 21 May 2013 08:22:09 +0000

A rally has been in progress since May 1 last year and this is now approaching a number of decent horizontal resistance points with momentum stalling. We expect this corrective rally to stall and look to set shorts here with a tight stop.

Trade idea: Buy Gold – but only on a break of resistance

jeroff — Tue, 21 May 2013 07:26:14 +0000

Gold has formed a potential inverted Head and Shoulders pattern, highlighted by the hourly chart. A break of the neckline and resistance of 1,400 USD/oz should confirm this short-term trade idea.

Trade Idea: Buy a one Month 1,393 Call on Gold

jeroff — Tue, 21 May 2013 07:18:29 +0000

Gold did a daily bar reversal yesterday. Stochastics buyers, RSI buyers: Let’s buy a one month 1,393 Call on Gold.

Jm Rogers: The bull market is still on

jeroff — Tue, 21 May 2013 03:49:20 +0000

Silver prices have slumped to their lowest level since September 2010 and gold prices are down 18% year-to-date leading many market observers to declare that the super-rally in commodities is over.
Jim Rogers, the legendary investor and Chairman of Rogers Holdings, says the commodities bull market continues. He calls the latest slump in prices a correction. “I still don’t see massive new supply c…
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