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Global Trading News

Gold Stocks’ Relative Strength

December 3, 2009

Momentum’s shifting in the world of commodity investments. That becomes apparent when you look at the relative strength of the equity-based Market Vectors Agribusiness (NYSE Arca: MOO) and RVE Hard Assets Producers (NYSE Arca: HAP) ETFs as we have in this week’s feature ("Whither Commodity Stocks?").

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Chinese Ag Companies Ruffle Some Feathers

December 3, 2009

Editor’s Note: This content was originally posted on our Buzz & Banter (click for a free trial).Two Chinese agricultural companies have seen significant price moves and surges in option volume in the past few days. But the companies aren’t very similar and the option trades aren’t what they might seem at first glance. AgFeed Industries (FEED) has seen a big build in the February $5 calls as blocks of 25 000 contracts were purchased late in the day on both Tuesday and Wednesday and open interest in the strike now stands at 57 000 contracts; at around $0.80 a …

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The Big ‘If’ for Orsus Xelent

December 3, 2009

Saj Karsan submits:

Last week, Orsus Xelent (ORS) reported its third quarter results. The headline referred to an 8% year-to-date drop in annual revenues. But this is an exceedingly useless headline, for several reasons.

First of all, the first two quarters of the year have already been reported. As such, it would make more sense to headline third quarter data. But third quarter revenue was down 34%. The headline suggests a lack of candor from management and a will to sweep the latest numbers under the rug.

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VIX Outlook: ‘Megaphone Pattern’ Urges Caution

December 3, 2009

Charles Hugh Smith submits:

I’ve missed the past dozen or so news cycles and have only looked at a few charts in the past two weeks. This one of the VIX really popped out: a big fat megaphone. Before I post the chart, please consider this huge, giant, big fat disclaimer: this is not investment advice but merely the freely offered musings of an amateur.

OK, here’s the chart: (Click to enlarge)Megaphone patterns can be interpreted various ways, but what is obvious is the lower lows and higher highs–rising extremes in both directions which suggest a rapidly escalating tug of war between bulls and bears.

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Resurrection of the Gold Standard

December 3, 2009

Gary Dorsch (Global Money Trends) submits:

One-way bets against the US-dollar have been building-up over the past eight-months, and are now estimated to total about $550-billion, in what’s popularly dubbed the US-dollar “carry trade.” Its predecessor, the infamous “yen carry” trade, also gained a lot of notoriety, when the Bank of Japan pegged its interest rates far below those of any other economy on the planet. At its peak in the summer of 2007, the “yen carry” trade grew in size to $1.2-trillion, providing the high-powered octane that pumped-up commodity and stock markets worldwide.

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