Data Diary

Since the new world order was heralded in by the market naves in March 2009, the commodities complex has been broadly trumpeting the same tune. Whether it’s been due to the destruction of fiat money or the creation of lots of real demand, the trend across most commodity classes has been firmly up. But the [...]

The following chart throws up some interesting questions about the Chinese growth engine. In this we are looking at the relative performance of the Shanghai Composite as against commodities prices (as broadly mapped by the CRB index): So Chinese equities were first to accelerate out of the GFC lows fired up as they were by [...]

Global industrial production is set to climb again – as it waddles after those cardigan wearing purchasing managers: The US has been leading the way – from the JP Morgan Global PMI Report report (here) The US PMI rose to an eighty-month high in January, while its counterpart in the Eurozone hit a nine-month peak. [...]

Latest Commitments of Traders reports (here) confirm that deeper pocketed speculators continue to exit their gold positions: Managed money longs have declined through the July 2009 lows and are threatening to revisit levels last seen in March 2009.  (Note the boxed area in the charts reflects the period since gold bottomed in October 2008.) And [...]