By: sur non

sur non — Tue, 05 Jun 2018 22:33:18 +0000

Here’s a great place to quote Ed Yardeni’s “Predicting the Markets” – “My favorite of all economic indicators that I track (!) is the raw industrials spot price index by the CRB…composed of the spot prices of…copper scrap, lead scrap steel scrap, tin zinc, burlap, cotton, print cloth, wool tops, hides, rosin, rubber and tallow…a sensitive indicator or both global and US consumer activity – it does not include petroleum or lumber which tend to have their own unique supply demand dynamics, Several of the above commodities are traded only in spot markets, not in futures so – less by speculators and more by underlying supply/demand factors.” I should add at this point that it is possible to track and trade Lead which, when it is going up in value is the only time or place one can view what has for years been called a “Lead Balloon”. ; > }

Comments on: Technical Analysis of Commodities (video)

By: sur non