divider
divider
divider
blog
divider
divider
Español
divider

divider


Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
We are in the process of migrating to a new and improved website to better serve you. In the meantime, some pages will continue to reside on the old site layout as others are moved to the new layout. Please bear with us as we make this transition.
resources
Check Out Our New Ads
Let Freedom Ring.

- View All -

In Our Words

"As Associate Company Counsel, my focus is to assist the business to grow and get deals and transactions done lawfully in a manner that is consistent with our regulators' expectations. The end result is good for our customers, good for counterparties with whom we deal, and good for the company."

– Tim Carey
Associate Company Counsel

Tim Carey, Associate Company Counsel
dt Newsletter Sign-Up
First Name:*
Last Name:*
Email:*
 
 
Commodity Futures Newsletter
Free Offers & Trials

Register for Your Free 2-Week Trial of the dt Insider Market Advisory!

Insider Market Advisory
View all free trials & offers

Futures Market News

- Subscribe to receive our commodity news updates by email -

Portfolio manager pays the consequences of overwhelming prediction

Apr 13, 2012 04:41 PM

Life and times on the markets are so cutthroat, one man didn't lose his head but he lost his hair.

For over-estimating the price of gold shortly after he started work with Sprott Asset Management in January 2008, portfolio manager Charles Oliver shaved his head on Friday, Bloomberg reports. Four months after he began with the firm, Oliver predicted gold would strike $2,000 per troy ounce by April 16, 2012. At the time, the price of gold was $945 per troy ounce.

When gold struck its record price this past September, he was optimistic about the climb.

"We got to $1,923 last September, I thought it was all good and easy straight from there on in," Oliver told the news source. "The markets can sometimes tease you."

At 4:57 p.m. on Friday, gold futures fell 1.26 percent, a $21.20 drop to $1,659.40 per troy ounce.

Reuters links the downward drive of gold futures on Friday to the increasing strength of the world's reserve currency and the slackening pace of development in China, host of what is believed to be the globe's most rapidly economy.

Don’t Miss Our News Updates!

dt Commodity News
Share dt News:
Facebook Twitter More...

Follow our breaking news stories and get a unique take on current events that may impact the commodity futures markets.  Multiple new articles are posted each weekday.  Subscribe to our commodity news updates by email, and receive real-time updates with our RSS feed, follow us on Twitter @DanielsTrading, become a fan on Facebook to stay informed.


Enter your email address to subscribe to our commodity news by email:
    Delivered by FeedBurner



SPECIAL OFFER: The Future of Natural Gas in the U.S.

The Future of Natural Gas in the US

Are you interested in the Energy futures market? Sign up and receive our detailed report today!

Through our exclusive research, you will have access to current global events and price projections that may help you learn how this particular market has the potential to be a strong investment as a commodity.

Register Now!


Special Offer

Insider Market Advisory

Register for Your Free 2-Week Trial of the dt Insider Market Advisory!

With your free trial membership, you'll receive full access to our exclusive trade recommendation service and all of the timely and accurate trade information you need to feel comfortable participating in the markets.


Register Now