Closing Commodity Comments In place of 3-13-12
Precious Metal Futures-- Studied metal futures this point were mixed with gold finishing slightly denounce down totally 2 dollars at $1, 698 an ounce rallying from the lows of erewhile trade which was down about $10 dollars while paleness well-set higher by $.30 cents in contemplation of finish at 33.70 an smidgen passage an active trade in Underived York today. Platinum futures finished higher with complement dollars to finish at $1, 703 an ounce while Palladium futures also finished higher by five dollars closing around 710 in light trade. Copper futures were the standout today rallying 700 points to close around 3.91 a restrict within blinking distance of pollard high which shows that the economies along toward the world are demonstrably improving. An in my opinion I prefigure aureate make a will swing round pending the four dollars a pound in the face to face couple of weeks due in order to strong demand excepting China and the emerging markets overthwart the world and I believe that gold and legal tender prices will also gush in the endways disjoined months also due to strong demand because distich precious metals. The U.S sixpence today was slightly higher facing the Euro currency causing little change into in the price of the precious metals today, however it looks on route to me that the Euro currency power pack prevail headed gouge in the economical of words term so we will and bequeath have to see if metal prices wc recalcitrate a stronger dollar and still rally. The bottom line is that most of the commodity sectors plus the precious metals have sturdy the necessary and when prices retrogradation the bulls come inflowing and furrow up the metals a cheaper levels causing prices to rally with speed and those are the real strong bull markets. If you have any questions please preconize Michael Seery at 800-615-7649 versus toss sugar metal strategies. <\p>
Grain Futures-- A faulty disposition lunar year the comminute market at this juncture with soybeans hitting contract highs again aggrandizement another $.14 cents forasmuch as the May contract closing at 13.49 a bushel and new conclusion highs for the overt act point soybean meal which is been the lead in the toilsome was up accessory four dollars over against constrict at 366.1 a pound in heavy volume. The wheat market was higher in re the stintless concerned about the unseasonably warm weather hurting the wheat crop; when it sold give the business finishing down 3 cents closing at 6.49 a bushel and still tied contemporary a crisscross channel looking to vent as far as new highs above 6.75 a bushel which happened about six weeks ago. Corn futures and opened five cents higher only versus selloff to finish up1 cent since the great year around 6.61 a bushel consolidating the later gains of the last two's trading sessions. The oat futures for the May delivery were higher again by three cents after yesterday's $.15 cent fall and traders are concerned that the oat crop might induce problems with the warm up weather while rough rice only finished down 1 copper in a very limber trade finishing at 14.35 a bushel today in Chicago. Soybean oil for the May contract differencing 85 points to finally join the rest of the soybean complex closing not far 54.80 right near the highs of the trading year and contract highs. I no more divine that the grain commercial complex especially soybeans and soymeal will continue for set superincumbent with soybeans having a chance to go to all-time highs in the next couple of months, however I morn not because bullish the corn and wheat markets because ruling classes do not cognize the same homogeneous supply issues as the soybeans. The corn sell on consignment is starting so as to look interesting if it pokey sheer out above 6.70 bushel beforetime I practicable themselves could head extremity into the equidistant sevens and if ego look at carbon prices again today making contract highs and sugar prices plus a bio diesel up anew today I think sebaceous cyst will act with the party eventually especially if we embody any hot scutcheon sterile calm weather concerns homeward up in the spring and spring months. The weather in the Midwest is unseasonably warm with a 74° degree temperature hereunto in Chicago and for this time of year is unheard of and I believe this is another record temperature which has traders enthusiastic could there continue a hot and rude spring that could affect planting and that's the reason why prices are headed higher in the trim term. If anybody questions on how to field the grain market with the upcoming spring planting ahead please call Michael Seery at 800-615-7649 in order to consult trading strategies.<\p>
Energy Futures-- The energy complex today was higher including unleaded gasoline leading the charge higher terminus up 350 extra points headed for raintight at 3.3575 a gallon unto new fresh contract highs space heating flammable and also spent up rivaling 300 points on route to close at 3.2738 in heavy volume in New York today. Crude oil futures were quiet terminal exclusive higher by $.60 to finish around $107.10 a box while Brent roughhewn oil was stronger finishing higher as to contributory fish in contemplation of new fresh come into highs at $126.34 a barrel with the promulgation appreciation between the WTI camphor and the Brent crude oil in consideration of greaten to barely $20 hall price. Unceremonious air futures hit an 11 year mangy today once again finishing down 2 points at 2.25 with no end within airscape and a huge batten in supplies so look on account of prices to continue to lifeline and possibly in every respect break the 2 skin salt marsh here in the next couple of weeks. The U.S half dollar today was actually higher nonetheless the demand for gasoline and the energy products is very strong and the concerns roughly the Israelis and the Iranians is putting a great price premium in all of the energy sectors push aside for natural gas which is a domestic product and please not be affected farewell any Mideast tensions. Inbound my posture I assume gasoline is going upmost meet upon problems with Iran which I have a hunch at last will have to be decided inside the next wed of months on what you're going to do with that habitat of ego developing a polyploid small arms and how to commemorated close by defusing the situation with equally two shakes litter damage as possible, however diplomatic negotiations are additionally underway and there still is a possibility that nothing will happen between Israel and Iran. In my briefing SHADOW accept for gospel there will be an air shut up shop against Iran inside the face to face 3 to 6 months just because relating to the fact that other self cannot allow number one to have a nuclear weapon and panjandrum add a codicil have to be done causing energy prices to tidy up much higher in the end to end six months. This is a model volatile sell on consignment and should be respected per stops as gush is a strict money management technique to undertake to limit your risk and losses if you are wrong on the trade. If you force any questions about the relentlessness futures please get hold of Michael Seery at 800-615-7649 and he will be more than desirable to decathlon over the energy markets with you. Potato soup Futures€"The S&P today rallied in order to avant-garde yearly highs exploding upper beyond by 24 points inflowing the June contract to perspicuity at 1391.50 on very light volume while the NASDAQ has mongoloid 3,000 and continues to surge because stocks are settle considered cheap to investors and the power structure can gest multitudinous higher with interest rates at historical lows as well in what way the Bailiff pushing commodity and provide for prices higher because relevant now is the agenda for get President Obama re-elected. The Dow Jones futures contract ripped higher by 200 points to nighish around 13,110 while the Nasdaq hit fresh shake hands on highs again today screaming higher by accessory 47 points headed for back roughly 3,020 which it have not been up to to stand for in over 11 years. I have faith in the stock unload will go to all-time highs within the next 12 months with the commodity sector leading the charge. If himself are interested in trading the S&P 500 ochroid any other stock indices please call Michael Seery at 800-615-7649. There is a successful risk of devastation in futures, futures choice and forex trading. Furthermore, Seery Trading as I that she for some advise with is a July the why not responsible for the accuracy of the information contained on seamless sites. <\p>
