gsg

Where Is The Outlier Position Now?

By |2016-01-07T16:33:41-05:00January 7th, 2016|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

In its December 2015 policy statement, the one that raised the federal funds target corridor, the FOMC changed the language surrounding its inflation stance. They still projected the 2%, of course, but were now indicating that they were more certain than ever about it. In many ways they had to shift the wording because of the actions; the prior passage [...]

When ‘Deflation’ Reveals ‘Inflation’

By |2015-02-12T15:05:39-05:00February 12th, 2015|Commodities, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

One of the curiosities of the commodity collapse since the end of last June has been how various financial derivatives have been thrown off. I’m not speaking of credit default swaps of small businesses that provide sand to fracking rigs or “products” like that, but something far more basic. The price of commodities should, you might think, provide a basis [...]

A Closer Look: Commodities

By |2012-04-15T18:15:28-04:00April 15th, 2012|Commodities|

The GSCI Commodity Index ((GSG)) consists primarily of Energy (71%), but also contains Agriculture (14%), Industrial Metals (7%), Livestock (4%), and Precious Metals (4%). The index fell below the 50-day moving average, falling to the 34.40 support level. With the dollar likely to strengthen further, contingent on the government not pursuing another round of quantitative easing, look for the index [...]

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