Energy & Commodities
October WTI Oil futures hit $112 a barrel overnight, marking a new 2 year high in oil prices.
Drew Zimmerman
Investment & Commodities/Futures Advisor
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Brent oil hits six-month high, gold up on Syria tension
Copper prices fell slightly as signs of stabilization in China, a major importer of the metal, were offset by worries over the potential tapering of the U.S. stimulus program.
Corn and soybean futures slipped as forecasts for wetter-than-expected weather in U.S. Midwest crop areas prompted profit-taking on gains made in the two previous sessions. Raw sugar was weighed down by increased cane crushing in top grower Brazil, and arabica coffee neared a four-year low.
The 19-commodity Thomson Reuters-Jefferies CRB index settled up 0.6 percent as higher oil, gasoline and precious metals prices outweighed losses in grains and other crops.
The eventual removal by the U.S. Federal Reserve of its monetary policy stimulus should be viewed positively, Bank of Canada Deputy Governor John Murray said on Tuesday in a rebuttal to critics who expect Fed tapering to reverberate negatively around the world.
As the fifth anniversary of the disorderly collapse of the investment bank Lehman Brothers approaches, some analysts will revisit the causes of an historic global “sudden stop” that resulted in enormous economic and financial disruptions. Others will describe the consequences of an event that continues to produce considerable human suffering. And some will share personal experiences of a terrifying time for the global economy and for them personally (as policymakers, financial-market participants, and in their everyday lives).
As interesting as these contributions will be, I hope that we will also see another genre: analyses of the previously unthinkable outcomes that have become reality – with profound implications for current and future generations – and that our systems of governance have yet to address properly. With this in mind, let me offer four.
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I know Mike is a very solid investor and respect his opinions very much. So if he says pay attention to this or that - I will.
~ Dale G.
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I've started managing my own investments so view Michael's site as a one-stop shop from which to get information and perspectives.
~ Dave E.
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Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.
~ der_al.
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A sane voice in a scrambled investment world.
~ Ed R.
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