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05-23-2018: Platinum Loses Its Reign In Lofty Heights

Platinum, one of the rare earth precious metals group, moved below gold in price in 2014 after reigning supreme for decades. Its price moved even below that of palladium in 2017, replacing palladium as the metal of choice for use in catalytic converters because of its cheapness. Demand for the metal began to shift to jewelry after electric cars took a significant share of the gasoline-powered engine market in Europe and S. America.

It seems way too early for electric cars to have a significant impact on catalytic converter demand in the U.S., but investor sentiment does seem to be shifting away from platinum to the extent that its use in jewelry is rapidly gaining status as the main concern.

Our recent article on Platinum is in the Archives Section below.

05-21-2018: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 05/18 on the other major commodities not being currently being reviewed or traded on this site. To pick the commodity for our next review, Zenith will usually refer to such a list and pick the commodity which has one of either positive highest or negative lowest scores. Commodities currently under review on our list of about 18 on this site are not shown below. It's just a way of keeping track of what else is going with other commodities.



     Corn                +96
     Feeder Cattle       +96
     Kansas Wheat        +72
     Natural Gas         +64
     Orange Juice        +64
     NASDAQ 100 Index    +64
     Oats                +24
     Ethanol             +08
     ________________________

     Euro Currency       -96
     Treasury Notes      -88
     Canadian Dollar     -64
     Silver              -64
     Swiss Franc         -64
     Eurodollars         -56
     Coffee "C"          -56
     Palladium           -48
     Soybeans            -48
     Lean Hogs           -40
     Rough Rice          -40
     Hi-Grade Copper     -24
     Soybean Meal         -8
The ratings are good only for date shown, and rapidly change each day, whereas we review the list only periodically. Once a commodity appears on our list of articles and is being currently traded, we consider its long-term direction has been established and trade consistently from that direction wtihout worrying about day-to-day changes. Granted, that's not how most other futures traders work nor how we trade stocks; but we have found it to be effective for commodities to trade that way.

Archive List

05-23-2018: July Platinum: Too Early for Electric Cars

05-13-2018: July Milk Class III: Questionable Supply & Demand

05-09-2018: July Crude Oil: Supplies Cut Off

05-03-2018: June Australian Dollar: About Interest Rates

04-29-2018: July Heating Oil: Tracking Crude Oil Higher

04-24-2018: July Cotton: Hybrid Seeds in India Not Doing Well

04-11-2018: June Mexican Peso: Trump Comments Spook Markets

03-28-2018: April Live Cattle: Trade Wars Threaten

03-17-2018: May World Sugar: Oversupply

03-05-2018: May Chicago Wheat: Weather Problems

02-27-2018: May Cocoa: Return to Normal

02-18-2018: June U.S. Dollar Index: Interest Rate Differentials Hurt

02-11-2018: March Soybean Oil: Burdensome Supply

02-07-2018: March Treasury Bonds: Higher Interest Rates Coming

02-01-2018: March Japanese Yen: Switching to Inflation

01-26-2018: April Gold: Inverse to the U.S. Dollar

01-18-2018: March British Pound: Minimizing Brexit Effects

01-12-2018: February Gasoline: Follows Crude Higher

01-08-2018: March Lumber: Wildfires, Hurricanes, and Tariffs

Performance

Updated once a week (usually on Saturdays) unless the preceding week had less than five trading days.
Buy and sell prices are averaged where multiple contracts are involved, which is why they may not fall on an exchange tick increment.

All Commodities Trades 04/02/2018 - 05/19/2018:

 # Commodity           BS    Buy   Sell   Last    Gain Intended  Rough   Group
                                                 (Loss)    Risk Percent

10 Jun Australian Dollr C  74.78  75.37  75.11 $  5,600  14,900  26.3% Currency
20 Jul Soybean Oil      C  30.67  31.35  30.98 $  7,560  14,880  11.3% Grains  
 6 Jun British Pound    L 135.24        134.99 $ -1,118  14,963  26.3% Currency
11 Jul Cocoa            C  26.97  28.38  26.78 $ 15,180  14,960  11.3% Softs   
 5 Jul Crude Oil        C  70.52  72.08  71.37 $  7,650  14,950  17.0% Energies
 6 Jul Cotton #2        C  83.83  87.25  86.55 $ 10,080  14,970   5.7% Cotton  
18 Jul Milk Cl.III      C  16.12  16.30  16.25 $  5,940  14,760   5.6% Dairy   
 7 Jun U.S.Dollar Index S         93.37  93.54 $ -1,400  14,910  26.3% Currency
 3 Jun Gold             C 130.76 131.71 129.13 $  2,760  14,970   5.7% Prec Met
 4 Jul Heating Oil #2   C 221.20 228.90 225.90 $ 12,816  14,952  17.0% Energies
 6 Jun Japanese Yen     C  91.46  90.18  90.52 $ -9,780   9,600  26.3% Currency
 4 Jul Lumber           C 608.50 645.90 624.00 $ 16,336  14,960   5.7% Lumber  
 4 Aug Live Cattle      C  98.49 103.40  98.22 $  7,736  14,976   5.7% Meats   
13 Jun Mexican Peso 500 L 500.00        499.00 $ -1,040  14,950  26.3% Currency
 3 Jul Gasoline         C 217.40 226.40 223.00 $ 11,250  14,868  17.0% Energies
14 Jul Sugar #11 World  S         11.70  11.66 $    207  14,739  11.3% Softs   
 5 Jun Treasury Bonds   C 140.72 142.77 141.19 $ 10,100  14,950   5.7% Finance 
13 Jul Chicago Wheat    C 499.00 516.70 518.20 $ 11,115  14,950  11.3% Grains  

            Adjustment for Open Positions: -($   -3,350)
Prior to 5/14:
Other Gains/-Losses This Reporting Period:   $  433,912 ***
 *** For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  548,255

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Trading in commodities involves substantial risk and past performance is no guarantee of future profits.  Zenith does not sell advice nor does it manage discretionary accounts other than its own. Readers should be aware of the vested interest that all traders/brokers have in encouraging other traders to make the same transactions.  No one should follow investment advice blindly.  This web site should be used only as a "sounding board" for confirming one's own opinion.  Any suggested order placements should be reviewed and reset to fit current market conditions by individual traders.

Recommendations may include trades which have already been made on the same or a previous day, otherwise the issue is placed on a "watch list." Suggested trades are based upon an approximate maximum $15,000 capitalization requirement per trade, depending upon initial contract margin requirements.  Zenith's actual trades may be larger.  $22 per round turn for futures is deducted from profit figures.   Commodity option trade recommendations are not tracked, but performance should parallel that of the underlying commodity's.

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