Has the Aussie dollar finished crashing? Its plunge is a direct consequence of the global aversion to risk as credit markets implode and governments scramble to hold the system together. So what is the Aussie telling is about the current global appetite for riskier assets? Well first, you already know the Aussie Dollar has plunged against the US Dollar since mid-July. But you might be surprised to know it-s also declined against all the other currencies of the G10…
October 15th, 2008 | Gabriel Andre | 1 comment | ContinuedArchive for Gabriel Andre
A former Futures and FX trader/portfolio manager, Gabriel Andre has worked in several hedge funds and asset management firms, both in Europe and Australia. He is a contributing editor to both Diggers & Drillers and the Australian Small Cap Investigator.
Profiting From the Copper Indecision
Copper has fallen 22 percent from the peak of $8,775 posted on June 30, as increasing stockpiles signalled weaker demand. Imports of copper and copper products by China fell 4% in August compared with July. Another element that has an impact globally on commodities markets is the recovery of the US Dollar. Remember that despite the exchange being based in London, copper is priced in US Dollars.
September 12th, 2008 | Gabriel Andre | 0 comments | Continued
Wheat Prices Look Set for a Move Up
What happens on the cereal markets? Look at the wheat prices. They took off from $5.65 a bushel in April 2007 to a high of $14.06 in late February 2008. It’s almost a 150% rise in less than one year. However prices have been falling back for roughly 6 months, and the closing price last Friday has been posted at $7.51. A good overview of the fundamentals of this volatile market is essential before analysing the technical aspects.
September 8th, 2008 | Gabriel Andre | 1 comment | Continued
Macmahon Holdings Limited (ASX:MAH) Near a 52 Week High
Macmahon Holdings Limited (ASX:MAH) operates as an engineering contractor focused on delivering specialised services to clients in Australia, New Zealand and Malaysia. The company’s core businesses comprise open mining and crushing, underground mining and civil engineering. The stock climbed from less than $0.10 in June 2001 to $0.97 in February 2007 at a regular pace…
August 29th, 2008 | Gabriel Andre | 1 comment | Continued
Corn Prices on the Rebound
Global commodities markets have been falling for more than one month now at sometimes impressively fast pace. Energy, precious and base metals, and also agricultural products have declined by double digit percentages. It means therefore that there are potential technical rebounds on those markets and opportunities to take profit for more or less short-term corrections. Corn may be one of those opportunities. Corn prices yesterday fell…
August 21st, 2008 | Gabriel Andre | 3 comments | Continued
Crude Oil and the Dow Jones Index…a Close-Up
Oil’s trading at around $130 today, reader. That’s a 12% decrease since the high posted on July 11th. It seems more and more that oil is the architect behind a turnaround in share prices and economic forecasts. The bulls may be coming out of hibernation. But our focus today is oil itself. That’s where the market is focusing. Oil’s what equity traders are looking at.
July 23rd, 2008 | Gabriel Andre | 0 comments | Continued
An Oil Price Correction is on the Horizon, When and Where
This year, being an oil bear has meant finding a large helping of foot in your mouth on a daily basis. A lot of oil analysts have been wrong about the oil price this month. It hasn’t pulled back. Oil exploded to US$135 just days ago. That has left many with a bunion aftertaste. An oil shock is undoubtedly here. It may turn out to be “the” oil shock, or it may not. Either way there’s a lot you have to take in as an energy investor. Oil is breaking new ground each time it gains.
June 19th, 2008 | Gabriel Andre | 2 comments | Continued
How to Trade Gold Shares
Gold shares are unique. Most indexes have followed pretty much the same pattern. Not gold. We thought today we’d have a look at something out of the norm, to see if there are some gains brewing. Gold shares have traded in a large channel since last September. It’s taking both the good and the bad at this stage. On one hand, there are the rising prices of bullion.
May 27th, 2008 | Gabriel Andre | 0 comments | Continued
Platinum Ready for New Bull Leg
How do you describe an investment that explodes for a 50% gain in 40 days? Boom! A more accurate word would be “platinum”.Since its initial burst, platinum eased off the accelerator and dropped back down to the stratosphere. It remains on a bullish trend, however. After the correction, buyers took advantage, and got back into a good fundamental trade.
May 26th, 2008 | Gabriel Andre | 0 comments | Continued
Uranium Shares To Show Gains in Face of $120 Oil
Perhaps the massive blow-up and run-down in uranium shares last year has left your memory. Uranium producers have certainly not been popular of late. There are two uranium companies whose fortunes could be about to change. But to understand why, you should know the full story of uranium. The uranium price from last year reminds us a bit of when Jack tossed those magic beans out the kitchen window. Zip. Pretty soon a massive growth had burst out of nowhere.
May 7th, 2008 | Gabriel Andre | 0 comments | Continued