Global Trading Blog

• 27

  Mar-2012

  Copper Producers Trying to Break Out

  South America

  
  Yesterday I read a couple of blogs about copper from two respected traders/analysts.Peter Brandt is bearish on the Red Metal while JC Parets from All Star Chartsis bullish on copper. Based on my analysis and looking at the charts of copper and the stock markets of the two biggest copper producers in the world, Chile and Peru, my opinion is that technically copper seems to be set up to move higher.Let's start with the chart of copper. It seems to be forming a symmetrical triangle with price currently trading over its 20-50-150 day moving averages. Volume has been the highest on ...
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• 03

  Jan-2012

  New Year Gap Up!

  South America

  
  Dear Subscribers:2012 starts with a bang with investors and traders getting into their bull suits.Major US Indexes gap up higher over 2% and world markets around the globe are rallying.We got some positive macro data today for the US with the ISM Manufactoring Index showing a stronger than expected increase in December. Also Europe has been "quiet" and bond yields in most PIIGS countries are dropping while US Treasury yields are rising, which is a positive development.I mantain a bullish bias but in order to get a new longer term uptrend we need to start to observe that not only ...
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• 07

  Nov-2011

  Argentina: In Route to Disaster

  South America

  
  Argentina is a resource rich country in South America that through its history has been unfortunately plagued by incompetent and populist politicians which have stunted its economic growth and numerous times have caused the country to sink into deep economic turmoil, wars and social strife. During the last 8 years or so the country has been under the presidency of Nestor Kirchner (now deceased) and afterwards by his widow Cristina Fernandez which recently got re-elected.  During their mandate Argentina has gone through a series of socialist and populist economic reforms that are destroying the free market and thus causing private ...
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