look at a weekly chart reveals that we are, at present, approaching the trend line that has acted as support for the past two years. The next couple of sessions will show if this level can hold or if we’ll see a trade lower to the 61.8% Fibonacci level.
Since early December, silver has bottomed just under $19 numerous times, indicating a pretty solid level of support. Last week silver traded above the 50-day moving average of $19.58 as well as the 200-day moving average of $20.52.
A New York Fed white paper from April of 2014 explores the idea of imposing withdrawal fees on money market funds. The publication concludes that there is a real possibility that suspending convertibility, including the imposition of gates and/or fees for redemptions, can create runs
The USDA purposefully releases its planting intentions report at the end of March to give the markets some time to react and “nudge” farmers into switching acres around so that the United States doesn’t end up with too many corn or too many bean acres.
In December of last year, the Fed announced intentions to begin tapering its monthly bond purchasing program, with the hope of ending Quantitative Easing (QE) altogether by late fall of 2014. We initially saw the long end of the Treasury curve moving lower
The Eurodollar curve has spreads steepening with the pivot point of the curve moving out from June 2005 to September 2005. The market moved this pivot in when Janet Yellen suggested the Fed might start raising rates six months after the end of tapering.
Equity markets are extremely overvalued with the median stock even richer now on a price/revenue basis than at the 2000 peak. Stocks are not only overvalued, but they are trading here on record profit margins.
Going into the January 2014 USDA report, the talk in the corn market was of 2013 corn production being revised higher, stagnating demand, and U.S. corn ending stocks coming in near a comfortable 2 billion bushels.