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Wednesday, May 31, 2006
Copper HG COMEX Futures
Copper is extremely parabolic. I'm sure there are excellent fundamentals for the extraordinary spike in the price of copper but technically it is extreme. On the daily chart both RSI and PPO are trending down but the price haven't pulled back much. Copper is forming some kind of triangle pattern and pattern resolution should soon follow. The weekly charts tells a different story , RSI and PPO looks pretty good and the pattern still looks reasonably bullish. Copper haven't necessarily seen its top yet.
Browse this blog archive
See Gold, Silver, Metals mining stocks
Browse this blog archive
See Gold, Silver, Metals mining stocks
Jim Rogers International Commodity Index
It is almost impossible to run a blog about commodities without reminding Jim Rogers – a living legend in our modern investment / trading world.
Much has been said about Jim Rogers who made his fortune as a Soros Quantum fund partner. Mr. Jim Rogers developed the Rogers International Commodity Index (RICI) which tracks the price of 35 commodities futures from Crude Oil through Gold and Silk. Since November 2005 the Rogers International Commodity Index is tracked by the Rogers TRAKRS contract which trades at the Chicago Mercantile Exchange – CME.
Jim Rogers is the Author of three books:
Hot Commodities
: How Anyone Can Invest Profitably in the World's Best Market.
Adventure Capitalist: The Ultimate Road Trip.
Investment Biker: Around the World with Jim Rogers.
Listen to Jim Rogers Interview - HoweStreet.com
Much has been said about Jim Rogers who made his fortune as a Soros Quantum fund partner. Mr. Jim Rogers developed the Rogers International Commodity Index (RICI) which tracks the price of 35 commodities futures from Crude Oil through Gold and Silk. Since November 2005 the Rogers International Commodity Index is tracked by the Rogers TRAKRS contract which trades at the Chicago Mercantile Exchange – CME.
Jim Rogers is the Author of three books:
Hot Commodities
: How Anyone Can Invest Profitably in the World's Best Market.Adventure Capitalist
: The Ultimate Road Trip.Investment Biker
: Around the World with Jim Rogers.Listen to Jim Rogers Interview - HoweStreet.com
Tuesday, May 30, 2006
Commodities News
Tokyo Commodity Exchange and Shanghai Futures Exchange sign MOU
The Tokyo Commodity Exchange (TOCOM) and Shanghai Futures Exchange (SHFE), two leading futures exchanges in Asia for metals, energy and rubber signed a Memorandum of Understanding (MoU) in Shanghai on May 26, 2006 to share information and establish a future cooperative framework. This occurred just before the 3rd Shanghai Derivatives Market Forum hosted by SHFE. -source
Eramet to invest $1.5 bln in Indonesian project
AKARTA, May 30 (Reuters) - French nickel miner Eramet said on Tuesday it plans to invest around $1.5 billion to develop the Weda Bay nickel project in eastern Indonesia.
Earlier this month, Eramet acquired nearly all shares of Toronto-listed Weda Bay Minerals Inc. The main investor in Indonesia's PT Weda Bay Nickel. Indonesian nickel producer PT Antam owns 10 percent of the Weda Bay project. -source
The Tokyo Commodity Exchange (TOCOM) and Shanghai Futures Exchange (SHFE), two leading futures exchanges in Asia for metals, energy and rubber signed a Memorandum of Understanding (MoU) in Shanghai on May 26, 2006 to share information and establish a future cooperative framework. This occurred just before the 3rd Shanghai Derivatives Market Forum hosted by SHFE. -source
Eramet to invest $1.5 bln in Indonesian project
AKARTA, May 30 (Reuters) - French nickel miner Eramet said on Tuesday it plans to invest around $1.5 billion to develop the Weda Bay nickel project in eastern Indonesia.
Earlier this month, Eramet acquired nearly all shares of Toronto-listed Weda Bay Minerals Inc. The main investor in Indonesia's PT Weda Bay Nickel. Indonesian nickel producer PT Antam owns 10 percent of the Weda Bay project. -source
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