Commentary

Notes From Underground: The Fed As G-30 Proxy?

Aug 04, 2021

Last week’s FOMC meeting went as expected but the press conference actually provided some solid questions as the media put some pressure on Chair Jerome Powell. NPR actually received an answer to what TRANSITORY means to the Fed chair: Prices... more

Market Summary: August 1, 2021

Aug 02, 2021

Petroleum prices gained for a second week in four and ended July positive for a fourth consecutive month. Easing concerns regarding the delta variant of the COVID-19 virus, an ongoing and accurate perception of an expanding global supply deficit... more

Notes From Underground: Wow Unto Chair Powell

Jul 28, 2021

The previous blog post about President Lagarde painting the FEDERAL RESERVE into a corner OUGHT to be revealed tomorrow as there is expected to be no change in FED policy and I believe that Chair Jerome Powell will do his best to pose as dovish... more

Notes From Underground: Trade Complications (The Power of the Nation-State)

Jul 28, 2021

That headline is courtesy of Whitewave Trading, an interactive chat room in which high-powered analysis for traders generates some great trades and uses NOTES FROM UNDERGROUND to add a fundamental view. Monday’s Whitwave has this advice: “When... more

Is December 2021 Corn Poised for a Breakout?

Jul 26, 2021

Since the May 7th high at $6.38/bu., CME Group December 2021 Corn futures have been trading in a sideways albeit large trading range with the $6.10-$6.38 area as resistance and $5.00-$5.15 area as support (See Figure 1 below).

Recent ADX... more

Market Summary: July 25, 2021

Jul 26, 2021

Petroleum prices gained for the first week in three despite opening the week with a 7.5% drop on Monday. The severe drop was due in large part to ongoing concerns of the delta variant of COVID-19 that has been resurgent in a number of countries... more

The Energy Bull Continues To Push Prices Higher

Jul 26, 2021

Commodity prices have been trending higher since reaching lows in March and April 2020. Over the first six months of 2021, a composite of the asset class was up over 20%. In May, lumber, copper, and palladium prices reached all-time highs. While... more

Judd Hirschberg Reviews Equity Indices, Sectors, FX and Commodities with CQG IC

Jul 22, 2021

Judd Hirschberg, President of WhiteWave Trading Strategies and the Financial Repression Authority, uses CQG IC to review equity indices, sectors, FX and commodities.

Presented by Financial Repression Authority.

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CQG... more

Notes From Underground: Are You Ready When Delta Is?

Jul 20, 2021

I’ve been away minding my two Floridian grandsons (exhausting yet delightful). I did, however, have time to catch up on some reading, particularly W.E.B. Du Bois’s “Suppression of the African Slave Trade,” as recommended by Chris Whalen. Du Bois... more

Market Summary: July 18, 2021

Jul 19, 2021

Petroleum prices dropped for a second consecutive week and second in eight, falling by the largest amount since the week of March 26th. Prices did recover slightly on Friday. The resurgence of the COVID-19 virus with the emerging Delta variant,... more