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Is the Copper Rally Over?

Posted by LaraCrigger on June 23rd, 2009

Is the sun setting on the copper rally? Brad Zigler examines how the red metal is faring, including the impact of record Chinese imports, how the copper ETF is doing, and whether we've hit peak demand.

There's an end for every party, and some observers think yesterday may have been just that for commodity stocks, at least relative to commodities themselves. Brad Zigler takes a look at how commodities are faring relative to commodity stocks right now.

What is the end result of globalization? A new era of international hypercompetition - and sky-high commodities prices - called "globality," says Harold (Hal) L. Sirkin, co-author of 2008's "Globality: Competing with Everyone from Everywhere for Everything."

After hitting an eight-month high just last week, copper has been on a downward slide, and not even crazy housing numbers can stop it. So what's behind the current price drops, and will the trend be long lasting?

Tickers:
JJC | PPI
Tags:
, housing, copper, PPI, JJC

What's Behind the Gold "Putdown"?

Posted by LaraCrigger on June 18th, 2009

When August gold traded at $939 this morning, somebody bought a truckload of $850 puts. 832 of them, to be exact. At a premium of $2.50 an ounce, that's a $208,000 bet. In cash. So what was the buyer thinking?

Voices were raised in recent months in favor of doing away with the dollar as a reserve currency, the most strident emanating from exporters of dollar-denominated commodities, such as Russia, and nations like China that hold large swatches of U.S. government paper.

So, what's a reserve currency and why should the buck get the boot... or not?

HAI looks at the Baltic Dry shipping index as a canary in the commodities coal mine, and it has been on a tear lately. What's behind the rise?

Tickers:
N/A
Tags:
, Investing, China, commodities, shipping, BDI

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