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Written by Brad Zigler
Wednesday, 22 April 2009 11:31

Real-time monetary inflation (per annum): 7.4%

June crude oil opened 45 cents, or 0.9%, lower this morning after seesawing in the overnight market on concerns about overhanging supply. The nearby NYMEX contract closed modestly higher at $48.51 a barrel in Tuesday's day session, following Monday's pronounced losses. Prices, in fact, hit fresh six-week lows early Tuesday, exacerbating the near-term chart damage inflicted the previous day.

After the close of floor trading, the American Petroleum Institute (API) reported that oil supplies likely fell for the first time since the beginning of March. According to API's survey of member companies, ...

Written by Brad Zigler
Monday, 20 April 2009 12:45

Real-time Monetary Inflation (per annum): 7.8%

It's going to be a busy week for earnings watchers. Especially those tracking the agricultural and steel sectors. Iowa's Terra Industries Inc. (NYSE: TRA), a producer of fertilizers and agrichemicals, is expected to announce first-quarter earnings of 43 cents a share Tuesday – about half its year-ago profit.

Analysts have also forecast a 75-cents-per-share loss for Ohio-based AK Steel Holding Corp. (NYSE: AKS) to be announced that same day, a negative 191% year-over-year turnaround.

On Wednesday, Steel Dynamics, Inc. (Nasdaq: STLD)'s numbers are due, followed by a slate of ...

Written by Brad Zigler
Wednesday, 15 April 2009 11:29

Real-time Monetary Inflation (per annum): 7.9%

The Consumer Price Index (CPI) nudged up 0.2% in March, according to the U.S. Bureau of Labor Statistics (BLS), breaking a two-month uptrend. CPI ticked up 0.4% in February and 0.3% in January.

Year-over-year, however, CPI fell 0.4%, the first 12-month decline since August 1955. The yearly decline was driven by falling energy prices, as BLS reported 12-month increases in every top-level category except transportation costs.

The so-called "core" CPI, which excludes volatile energy and food prices, increased 0.2% in March, matching increases posted in January and ...

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Written by Brad Zigler
Monday, 13 April 2009 13:31

Real-time Monetary Inflation (per annum): 7.9%

Easter Mondays leave Yanks more time to leisurely ponder the week's trading prospects, as many global bourses are closed. We get to trade - and talk, as Linda Richman used to suggest - amongst ourselves.

Gold and oil naturally figure large in this week's scenario. Particularly, oil over gold, if you've been listening to commodity maven Jim Rogers. Rogers thinks the International Monetary Fund (IMF) is a likely seller of some of its 3,200-ton metal stash, so he's talking up black gold over yellow.

It's not as if the world finds this surprising. Whether the IMF sales take place ...