Steadfast FinancesSteadfast Finances - Commodities
7 March 2011

Gen Y, the Farmers?

 Career,Commodities         2 comments

When it’s tough to find a job or you’re limited to part time employment, plus up to your eyeballs in student loan debt, it would seem logical that you don”t have much of a choice but to grow your own food and hope you can turn a profit selling to the locovores. Now, Mr. Jones, [...]

4 March 2011

Saudi Arabia Revolution: Oil Back to 2007 Highs?

 Commodities,Gas Prices         1 comment

If you think 2007 oil bubble highs of $147 per barrel based on “global demand” was bad, just imagine what’s going to happen to oil prices if the stalwart of Middle Eastern oil production stability — Saudi Arabia — falls into civil unrest (e.g. Egypt), or worse, outright civil war (e.g. Libya). As we speak, [...]

24 February 2011

Trading ‘Food Inflation’ Not for the Novice Investor

Just because you fancy yourself a momentum trader even though you’ve had your E*Trade account for a whole year, it doesn’t mean you should rush out and try to make money on whatever NBC Nightly News says is the newest game in town. By the time an investment opportunity makes it to the 6 o’clock [...]

15 February 2011

Get Ready for More Inflation Pain at the Checkout Counter

Hooray for quantitative easing… By the fall, people will most likely be paying more … as rising prices hit most consumer goods, say retailers, food companies and manufacturers of consumer products. Cotton prices are near their highest level in more than a decade, after adjusting for inflation, and leather and polyester costs are jumping as [...]

5 January 2011

Chartology: Setting Up for Commodities Bubble Part Deux?

Right on cue, I’m starting to field reader questions about commodities. In particular, are companies who sell oil, fertilizer or any other raw commodity might need to fuel their rapidly growing economy. Making money is always the prime objective, just remember that the last time these were in play — the 2008 commodities bubble — [...]

3 January 2011

2010 Remembered as the Year of (Hyper)Inflation?

2010 will likely be remembered as a year of the melt up recovery and as a return to all things financially sanguine, but for commodity traders and chartists who keep watchful eyes on the commodities market, 2010 could arguably be considered a year where inflation (perhaps even hyperinflation) took home the blue ribbon. The only [...]

17 December 2010

CNBC: Investing Out, Bullish ‘Parabolic’ Moves In

 Investing 101         No comments

While CNBC is a valued resource to many, including myself, many long time viewers I’ve spoken with are troubled by it’s continued evolution into a sponsor (too) friendly, investment product marketing machine where trading — not investing — is the new marching meme. Case in point: Josh Brown’s, aka The Reformed Broker, appearance today. Brown: [...]

12 November 2010

Thanksgiving Dinner, Food Inflation, & the Grocery Store Shrink Ray

Interesting segment here from CNBC’s Jane Wells, who does an annual cost comparison of what a proper Thanksgiving dinner cost her in 2009 versus 2010 in southern California. What doesn’t get mentioned, amidst all the hoopla of rising commodity prices causing food inflation, a very calm agriculture economist assuring us that food inflation is a [...]

5 November 2010

Chartology: Visualizing Food Inflation

Unless you have fallen victim to the silent taxation effect of the dastardly grocery store shrink ray (e.g. less food in the container), you would know that food inflation is here in a major way. In 2010 alone, I’ve seen my dollars, or at least it appears as such, that my November 2010 dollars buy [...]

7 October 2010

How the Great Recession Changed Our Spending Habits

Excellent chartporn from the Wall Street Journal in how the Great Recession altered American’s spending habits broken down in income quintiles (five 20% groupings). [click to enlarge image] Notice the change in elastic commodities (alcohol, retail apparel, etc.) versus inelastic commodities like food for a healthy home cooked meal. Not to delve too deeply into [...]

5 August 2010

Think Speculators Don’t Influence Markets, Think Again

 Budgeting,Commodities         4 comments

I get a laugh out of folks who say… speculators have little or no effect in the everyday lives of consumers. Really? Wheat futures Ostensibly, it’s never a good thing when a vast supply of any commodity, in this case, wheat, is taken out of the supply and demand equation by a devastating round of [...]

15 June 2010

Green Energy Still Dependent Upon Mining

Looks like the old adage “If you want to make an omelet, you have to break a few eggs” holds true in the case of green technology and renewable energy. You want to go on a path to a green future? That path starts in a mine. The first step in the supply chain for [...]

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