This pro trader explains why he's just about ready to short crude oil.» Read More
Gasoline prices rose to a near four-month high in the U.S. Tuesday, fueled by a number of refinery closures.
It looks like corn could continue to fall.
If you've looked at a corn chart lately, you've seen a pretty dramatic move lower since the high it made in August.
Well, the main factor is seasonal. Indeed, after the huge drought-driven run-up we saw in the summer, it is only normal to see the prices come off in the winter.
As bulls question the strength of a rally that catapulted stock indexes to multi-year highs, some market players were encouraged by a burst of mergers and acquisitions (M&A), which included names like U.S. Airways, Constellation Brands and H.J. Heinz.
Crude oil was unable to break through the $98.22 resistance on Wednesday. It reached a high of $98.11 before retreating on what was actually a supportive inventory report.
(Read More: US Oil Output Hike: What It Means for Gulf Producers)
When Gold was unable to trade through $1700 twice in January, it was clear that the market was lacking something. Indeed, at the moment, there is no immediate need to be in gold. The equity market has shown promising returns, and there is generally less economic uncertainty than in recent years. Additionally, there are many skeptics who argue that there is an end on the horizon for the Fed's "endless" printing. This would make a bearish case for Gold.
Gasoline futures hit a six-month high on Wednesday, with some market watchers believing the rally has further to run.
With Americans already feeling the pinch of higher taxes, gas prices have been on a fairly steady climb. Two major factors behind the rise are supply issues and a lack of refining capacity, according to Commodities trader Anthony Grisanti.
(Read more: Gasoline at Highest Price Ever for This Time of Year.)
Indeed, stockpiles of gasoline and distillates fell, according to the weekly petroleum status report released by the Energy Information Administration this week — triggering some concerns that a dearth of supply will put even more upward pressure on energy prices.
If you look at a chart of copper futures compared to the S&P 500 index, it is immediately evident that there is a strong longer-term comparison between these assets. Actually, that makes perfect sense, as both copper and equities are considered "risk-on" assets.
Facebook is the world's No. 1 social network with more than 1 billion-plus users, but billionaire investor Jim Rogers said Tuesday that unless the company figures out how to monetize its massive following, he doesn't think its stock is worth an investment.
"I can't conceive that that's going to be a fabulous place to make a lot of money," Rogers said on CNBC's "Futures Now," adding he thinks the website is, however, "a good way to waste time."
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