Sign in     Like us on Facebook Follow us on Twitter Watch us on YouTube

News and Blog

Join 5000 other sharemarket traders for regular blog updates!

Browse to a category

Blog Search

An Old Favourite…..

Whilst one shouldnt play favourites in trading it is hard to forget the commodities you encountered first. I have fond memories of things such as frozen pork bellies (now defunct) and lumber. To me these are old time commodities that were traded long before specialised financial products appeared.

So I was a bit surprised when I saw that lumber had actually shown signs of life.

I like a good downtrend as much as the next person and the chart below shows the extent of the fall in lumber since the  GFC.

As you can see its been a sustained powerful move down – which as you would expect is symptomatic of US housing.

PS Did you know that some people do not know what the GFC was???????

email

Speak Your Mind

*

General Advice Warning

The Trading Game Pty Ltd (ACN: 099 576 253) is an AFSL holder (Licence no: 468163). This information is correct at the time of publishing and may not be reproduced without formal permission. It is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any of the information you should consider its appropriateness, having regard to your own objectives, financial situation and needs.

email