Daily Murmur 11/11/10

by Gary Glover

Not much to report overnight, Silver dropped 7% after margins were increased on the contract yesterday, which would of effected traders as they would have to lodge more cash to fund their positions, hence some would of had to sell if they were margined up in any way.
 
I will be putting a detailed report together this weekend and it will be one of the most important I do for the next 12 months.  I think we are reaching historic highs in most of our commodities so it could run a bit further in the short term but this is a commodities bubble in the making.  I will illustrate why I think this and lay out the most likely path based on previous booms and busts and how this is likely to effect our market.  If you haven’t watched  yesterdays FNN video, I would recommend doing so , In particular the commodities segment.  This will give you a taste of some of what i will cover this weekend.  This extensive report will only be available to my broking clients unfortunately as it's my duty to protect them and their portfolio's first.

Disclaimer

Gary Glover is an Authorised Representative (Rep No. 259215) of Novus Capital Limited ("Novus"). Novus is a holder of Australian Financial Services Licence No 238 168. Novus, its directors, officers, associates and employees each declare that they, from time to time, may hold interests in financial products and/or earn brokerage, commission, fees or other benefits from financial products mentioned in this e-mail or attached documents. Unless specifically stated within this page or an attached document, any information communicated by this e-mail constitutes unsolicited general financial product advice which has been compiled without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you need to consider the appropriateness of this information having regard to your individual objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are summarised and also may change without notice to you, particularly if based on past performance or relate to a future matter.