Currently viewing the tag: "Tim Hughes"

Turkey week. DRY HEAT Report 11/24/14

On November 24, 2014 - 7:53 AM By

A short Thanksgiving week. No trading Thursday and most markets close at 12:00 – 12:45pm on Friday. I hope you all have a great Thanksgiving. Now the markets; Gold & Silver: Gold and silver still appear to be correcting. The biggest event on the horizon is the Swiss vote, on November 30th, that would require [...]

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This last Friday, the Department of Agriculture announced the approval for planting of a new genetically modified potato, the Innate Potato. It was developed by the J.R. Simplot Company of Boise, Idaho. J.R. Simplot, the company founder, was known as the Potato King when I first became involved in the commodity markets. His company was [...]

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General Comment: I recently read a piece by Dr. Kent Moors about the cut in oil prices by the Saudis being the biggest economic threat to Russia. Traditionally, Asian buyers of Saudi crude pay a premium which makes it a higher price than Europe or North America pays. Russia began to compete in the fast [...]

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Janet Yellen, current head duck at the Fed, spoke up today at a conference on “Economic Inequality” at the Boston branch of the central bank. She’s concerned about rising economic inequality in the United States. I am concerned too, that I am not in the top 1%. To be fair, Janet Yellen has accepted a [...]

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Dollar Signs. DRY HEAT Report 10/6/14

On October 6, 2014 - 7:15 AM By

General Comment: The US dollar index gained about 8.5% between the market close on the week of 5/9/14 until Friday’s close of 86.823. That’s the highest it has been in over four years. Many of the companies that make up the S&P 500 rely on overseas sales for up to half of their revenue. European [...]

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The Metals Melt Down. DRY HEAT Report 9/22/14

On September 22, 2014 - 7:30 AM By

Writing this market letter late Sunday evening I am struck by the realization that anyone who bought silver, even at the lows of the last four years, a loser on the trade. Gold has lost but has held up better than silver. If you bought either metal between early 2010 and midyear 2013, and you [...]

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Farm Futures recently published their study of the “Best Places to Farm” in the United States. Bryce Knorr, who writes “ Morning Market Review” on the Farm Futures website, explained the study in an online article released last Friday. He explained that 3,000 U.S. counties were compared using data from a recently released Census of [...]

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HUGO A GO GO. DRY HEAT Report 9/2/14

On September 2, 2014 - 7:52 AM By

General Comment: I have commented many times in the past about how our government, through the offices of the Bureau of Labor Statistics or the U.S. Treasury Department, has “adjusted” the methods used to calculate reports of unemployment, employment and inflation, to name a few. Stats that if measured using methods of 1990 that would [...]

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Blowhole, Wyoming. DRY HEAT Report 8/25/14

On August 25, 2014 - 8:35 AM By

Have you ever been to Jackson Hole, Wyoming? If you haven’t, you really should take a road trip there. It is one of the most beautiful places in the United States. It has become an annual gathering place for some of the most powerful people on the planet and I think it should be renamed [...]

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Good Ole Genetics. DRY HEAT Report 8/4/14

On August 4, 2014 - 9:58 AM By

I would say that just about everyone involved in commodity futures trading has read about the controversy of GMOs or genetically modified organisms. There have been fantastic advances in genetic modification that include drought resistant crops. There are also people who believe that Monsanto, a leader in corn and soybean genetic modification, has played fast [...]

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I like to compare the prices of different proteins, beef, pork, poultry and fish. Everyone is aware of the recent price surges of beef and pork, in particular, and the reasons why their supply has been curtailed. A normal reaction to these supply disruptions would be a rapid expansion of the U.S. chicken flock. That [...]

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General Comments: Near the end of June this year, Peter Schiff wrote a blog titled “The Bond Trap”. A story the Financial Times prompted his blog, stating that “some Fed officials would like to require retail owners of bond mutual funds to pay an exit fee to liquidate their positions. Federal Reserve Governor Jeremy Stein [...]

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