Friday, May 16, 2014

3 Reasons to Bet Big on Wheat :Teucrium Wheat Fund (NYSEARCA: WEAT)

In a previous article, I discussed why beef prices are elevated and will remain so through at least next year.
And as it turns out, we’re entering a new age of higher prices for many agricultural commodities.
Around the globe, a perfect storm of events has begun to push the price of wheat higher (north of $7 per bushel).  (more)

Please share this article

Homebuilder Confidence Plunges To 12-Month Lows / by Tyler Durden / 05/15/2014 10:11 -0400
For the 5th month in a row, homebuilder hope has missed expectations. At 45 (vs 49 expectations), this is the lowest the NAHB survey has been at since May 2013, catching down to the reality of home sales and mortgage applications. On the bright side, realtors can’t help but feel thr turn is coming sometime soon – the “future” hope index rose to its highest since January as the “current” reality index drops to 12 month lows.
Please share this article

S&P500: Time For A Correction?

“The crash-callers will be out in full force this week. That’s fine. Let them have their fun.”
We’ll interrupt Greg just long enough to note celebrity hedge fund manager David Tepper is on CNBC saying, “Don’t be too fricking long” the market. Heh...
“But back in reality,” says Greg, “I don’t think it’s time to run and hide from stocks just yet.”
According to Pension Partners, the S&P 500 has gone 372 trading days without dipping below its 200-day moving average. We’re only 13 days away from the record, set in 1995-96.
Streaking Toward a Record...
When that mid-1990s streak ended, the index corrected 11% from its May high to its July low. “From my vantage point,” says Greg, “an 11% correction beginning sometime this summer would be very healthy for this market. Also, it’s important to keep in mind that the 11% pullback in 1996 resolved with a huge year-end rally.
“If you rotate into the ‘safe,’ yield-producing sectors that are working right now, you should have no trouble weathering whatever the market throws your way.”

Please share this article

Victor Sperandeo: Financial Destruction & The Last Great Systemic Earthquake

from KingWorldNews:
Eric King: “Victor, I found it fascinating that the U.S. dollar was on the ropes and appeared to be in serious trouble at the recent lows. Quite frankly it looked to me like intervention took place in the currency markets — your thoughts on the U.S. dollar.”
Sperandeo: “Well, a man who you’ve interviewed and that I respect is Dr. Paul Craig Roberts. He wrote a fascinating piece recently. If the dollar really starts to fall, Eric, that is going to have a great many repercussions. But what the Fed evidently did is they bought dollars through the Belgium Central Bank.
The Belgian holdings of U.S. Treasuries went up a stunning $140 billion. So even though the Fed is tapering, they are buying securities through foreign central banks. The implication by Dr. Roberts is that the Fed puts up the money for these transactions, but most importantly the Fed is not disclosing what they are doing.”
Victor Sperandeo continues @
Please share this article