Commodity Prices

The commodities in commodity prices include all categories, from industrial—iron ore, steel, aluminum, copper—to agricultural—wheat, soybeans, corn, cattle—to precious metals—gold, silver, platinum. The prices of these commodities that sell on the Chicago Mercantile Exchange for the purpose of the definition of commodity prices will be today’s prices. In terms of the Chicago Mercantile Exchange, today’s prices are referred to as the “spot” price. Commodity prices, therefore, refer to all commodities at today’s (spot) prices.


Could Platinum Become an International Monetary Reserve? Forget about bringing in a gold standard. Platinum could be the next monetary reserve for international business. At least, that’s the pitch from one industry group. Last spring, the World Platinum Investment Council…

Gary Shilling Delivers Dire Warning to Resource Investors Despite a weak year for commodities, famous economists like Gary Shilling think resource prices will continue to drop. Raw materials are traditionally sensitive to demand in developed countries and Shilling warns that…

Once the issue with Iran resolves itself, will oil prices crash? Many are saying “yes.” I think they are wrong. Certainly oil prices are higher than they normally might be because of the ongoing conflict with Iran. And if war…

Readers of Profit Confidential have made their voices heard on the topic of rapid inflation. In our recent survey, over 2,000 of our readers said they believe we are experiencing rapid inflation closer to 10%, while the official government Consumer…

The growth in manufacturing in the U.S. has been flat. Despite this, the Empire State Manufacturing Survey noted that input costs—oil and commodity prices for manufacturers—has risen steadily over the last few months, with February’s high level not seen since…

There is rapid inflation in the system, dear reader, but let’s not speak too loudly about it.  I’ll keep this note to a whisper as we turn our attention to the just-released Institute of Supply Management’s factor index. The institute’s…

Commodities were rock stars in 2010. Gold has rallied in each of the last 10 years, and it shows a beautiful bullish price chart. But in the first few sessions of the New Year, gold is pausing, as the February…

A lot of initial public offerings (IPOs) have hit the market recently, and that’s no surprise—the stock market’s been strong. Times have been tough in the investment banking industry, but this changed recently with the much improved sentiment in the…

The past few months have given investors a crash course in what makes commodities tick. Your PROFIT CONFIDENTIAL editors have discussed quite a collection of factors that drive commodity prices, such as currencies, emerging markets, economic output, supply and demand…