Second Quarter Forecast: Commodities and Gold

Posted by Patrick Ceresna on Mar 18, 2014 6:00:00 AM

This is the "Part 2" of a "4 Part" blog series - The Second Quarter Forecast.
In Part 1 of our forecast we tackled the current landscape of the global currency markets. International trade of commodities is predominantly transacted in U.S. dollars, making the price movement of the U.S. Dollar a key precipitating factor in the value of commodity prices and the subsequent inflationary/deflationary impact upon an economy. When reflecting upon the prices of commodities over the last several years, it can be generalized as a big chaotic muddle. This "chaotic muddle" is being driven by two conflicting forces - a slowing global economy (generally weakening commodities like copper, iron ore and oil) and a weakening U.S. Dollar that generally leads to a nominal rise in commodities prices. This "chaotic muddle" could turn decidedly bearish for commodities if our bullish dollar forecast comes to fruition. This was a core foundation of our annual forecast and remains  a core thesis for our Second Quarter Forecast.      

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Topics: Market Forecast, Gold, oil, euro, U.S. Dollar, commodities

Weekly Market Forecast for Traders and Investors March 11, 2013

Posted by Jason Ayres on Mar 11, 2013 12:41:00 PM



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Topics: Market Forecast, bonds, Gold, oil, S&P, U.S. Dollar, commodities, resistance levels, support levels, intermarket analysis, Canadian Markets, options

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