We have been arguing for some time now that commodities are cheap or at least by historical standards they are not expensive. OK expensive in what currency terms? What is our objective proof? Let us let you in on a secret – we don’t know how to value commodities even though we have been trading [...]
Posts from ‘October, 2009’
The Glenorchy Proprietary Risk and Commodity Indices $DBC $GCC $GSG $DJP $RJI $UCI
The “high yield” and “commodity” trades remain vibrant and strong. Our proprietary risk and commodity indices are at multi-week highs and, with no deterioration in upward momentum; we see little reason to doubt that these trends will continue over the coming weeks.
In previous articles we have clearly outlined the components of our proprietary commodity and [...]
The Essence of US Macro Trends $VTI $AGG $GSG $IYR $UUP
As contrarians we get real excited when we see bearish commentary about the state of the US economy on the cover of TIME. Notice the covers of Oct 5 “The Tragedy of Detroit” – the industrial heartland of the US and Sept 21st “Out of Work America”. It seems that popular opinion is still very [...]
