Currently viewing the tag: "Tim Hughes"

Derivatives Dance. DRY HEAT Report 12/15/14

On December 15, 2014 - 8:06 AM By

Over the weekend I had a lot of calls from friends who are both Democrat and Republican. They couldn’t believe that there was a bipartisan agreement to “adjust” the Dodd-Frank legislation that would allow loosing derivatives positions, of the big bank’s bets, to be guaranteed by the taxpayers. A prominent Democrat congresswoman spoke out against [...]

Continue Reading

Energy Deflation. DRY HEAT Report 12/8/14

On December 8, 2014 - 7:31 AM By

There is no doubt that the world economy is slowing down. Germany and France are stalling, while Japan, Italy, Greece and Spain are in recession. China, the world’s new #1 economy is slowing down. Here in the U.S., BLS statistics show our economy growing at 4% for two straight quarters, though the jobs created are [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading