| LME seeks profitable billet with steel contracts
When the London Metal Exchange launched its aluminium contract in 1978, it faced bitter opposition from producers who considered it an unwelcome financial innovation. It was even rumoured that Krome George, chairman of Alcoa, had threatened to dismiss anyone who suggested using the contract. .
Taiwan is Worth a Look
For the first time since the market correction took place, EWT had closed above the downtrend trendline for the 3rd straight day on Friday (black circle on Chart 1 below). It did break through the trendline in mid January, but the closing price fell below the trendline (X mark). In addition, while the price of EWT had fallen about 20% since the end of October, the ROC (Rate of Change) had been making higher lows at major inflection points (blue trendline in lower pane). And then, there's the gathering of the positive volume bars in February. The buildup of buying pressure means the builddown of selling pressure. And, that's self-evident in the intraday charts.
Chart 1 The declining highs (diminishing) of the red selling bars can clearly be noted on this 60-minute, 20-day intraday chart below (Chart 2).
The Chicken Doves
Working behind the scenes, the Democrats have systematically taken over the anti-war movement, packing the nation's leading group with party consultants more interested in attacking the GOP than ending the war. "Our focus is on the Republicans," one Democratic apparatchik in charge of the anti-war coalition declared. "How can we juice up attacks on them?" The story of how the Democrats finally betrayed the voters who handed them both houses of Congress a year ago is a depressing preview of what's to come if they win the White House. And if we don't pay attention to this sorry tale now, while there's still time to change our minds about whom to nominate, we might be stuck with this same bunch of spineless creeps for four more years. With no one but ourselves to blame. The controversy over the Democratic "strategy" to end the war basically comes down to whom you believe.
ACM Silver Sponcer Forex Expo in Abu-Dhabi
(MENAFN Press) ACM Advanced Currency Markets SA has once more joined the 2nd Middle East Forex Expo as a Silver Sponsor following its very successful presence in the First event which was concluded in Dubai last month. The 2nd Middle East Forex Expo will be held in Abu-Dhabi this November and will feature ACM as a leader in the world of Forex trading.
Based in Switzerland, and having its Middle East representation office in Dubai, ACM is among the world's largest and most competitive on-line Forex brokers. Today, ACM has second most visited on-line Forex site in the world and is the first online Forex broker to implant in the Middle East. The ACM platform deals in currencies commodities . The site is translated into 15 different languages and ACM is the only online trading platform to offer fully Islamic conditions to its clients.
Working Paper Synopsis: The Search for the Beta of Commodity Futures
In accordance with the principles of modern portfolio theory, sophisticated investors have increasingly sought to diversify their portfolio through the use of alternative investments. An "alternative investment" is generally regarded as supplementary assets or trading strategies other than long-only exposure to "traditional assets" such as stocks, bonds and/or cash. Alternative investments include various assets such as commodities, currencies, emerging markets and private equity, as well as a variety of trading strategies such as convertible arbitrage, distress securities, global macro, long-short equities, managed futures, short selling, etc. Adherents commonly assert that alternative investments has (i) a low to negative correlation compared to traditional investments, (ii) historical performance which reflects the potential for attractive positive expected returns, and (iii) is capable of acting as a hedge against inflation.
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