Grains
Wheat prices finally pulled back a bit. I expect the up-trend to resume at some point though.Corn and Soybeans still trending up.
Softs
Sugar still in an up-trend; keep your eye on the Jan 2006 highs -hopefully we won't go back there.Cotton and Coffee also on the rise.
Bonds
Bonds rose a bit this week, pushing yields down again. The overall downtrend for the month continues though, suggesting continued inflation concerns.Currencies
The Euro is almost at the $1.49 top again (4th time in 4 months) -will it go higher this time?The Canadian dollar and the British Pound are still languishing in a trading range after falling from their November highs.
The Yen is also in a trading range, though it looks like it wants to break out to the upside.
Th US Dollar is still in a trading range near it's multi-decade low.
Energy
Oil closed over $100 then pulled back to the $98 area.Natural Gas also hit a high of $9 before pulling back.
Metals
Platinum was the story this week as it continued to hit new highs. Catalytic converters are now a hot item for thieves!
Gold also hit new highs.
Copper also trending back up to the 2006 highs.
Stocks fell this week after rising last week -looks like we are stuck in a trading range right now since the big drop that started in October. See my Stock Market Blog for more details.
Note: Charts are 'live' so comments above refer to the appropriate time on the chart.
News Stories:
Wheat prices surge to new high
Platinum's record run resumes; gold up nearly 3%
Even at record prices, platinum is poised to go higher
They're Stealing Catalytic Converters (YouTube)
As Platinum Soars, the Catalytic Converter Gets Hot
