Rob Kirby's picture

Last week saw China renew a contract with Potash Corp. of Toronto which calls for shipment of 1 million metric tons of potash at $576 per metric ton, which appears to be a $400 per metric ton increase over the 2007 price.

Tim W Wood CPA's picture

Obviously, the definitions of Bull and Bear markets differ from person to person. My definition is based on the works of the great Dow theorists, Charles H. Dow, William Peter Hamilton and Robert Rhea. As a result of my study of Dow Theory combined with my study of cycles, which are not a part of Dow theory, I have drawn some very obvious conclusions about the nature of Bull and Bear markets.

Chris Puplava's picture

Last week's WrapUp provoked a lot of responses from both the commodity bulls and bears. I had hoped to get ahead of the likely bear comments by addressing several of the arguments that they would likely claim but ran out of time and space as last week's article was already fairly long.

Chris Puplava's picture

Enough is enough! As most commodities rallied strongly in February and into early March, many in the financial press were calling commodities a "bubble." What happened to the commodity bubble of 2005, 2006, 2007?

Rob Kirby's picture

We all read and hear from officialdom that the prospects for inflation, while elevated somewhat recently, always remain anchored and/or subdued on a forward looking basis.

Tim W Wood CPA's picture

In today’s update I want to look at the market from a couple of different perspectives. Recently, I have heard it said that the Dow Theory is now giving a “Buy Signal.” This is not exactly true. In order to explain where we are from a Dow Theory perspective, I first have to explain where we have been.

Chris Puplava's picture

Various undercurrents in the economy are pointing to shifts currently underway that are hinting at trend changes in the making. Two topics that have remained of interest are nonresidential real estate and vehicle sales data and composition.

Chris Puplava's picture

The markets rebounded Tuesday in the face of some serious negative economic news. The Conference Board’s Consumer Expectations Index fell to 47.9, the lowest reading in over 35 years and the second lowest number in the history of the index. The index is now below the levels of the last four recessions.

Rob Kirby's picture

Imagine yourself taking one of your family’s most valuable heirlooms into a professional appraiser and having them offer you an expert opinion of, say, “X.”

Chris Puplava's picture

Ignore the endless bottom calling in the press that is buzzing around with some financial pundits pointing to the Bear Stearns blow-up as a likely capitulation in the markets. One thing that should be abundantly clear is that Wall St. tends to err on the side of optimism.

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