To understand it the best thing you can do is to imagine yourself in the situation where you have researched a market and need to make a decision on where you believe the market will go over a specific period of time.
There is a lot more happening than just weather in the United States: China purchased nearly half a million tons of new crop from us, Argentina is on the brink of economic failure and export inspections came in above expectations.
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 reduced cotton export sales estimates for the 2013 crop on May’s supply and demand report, which in turn resulted in a rise in ending stocks. To date, old crop cotton is more than 100% committed to overseas buyers.