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Why Are Commodities Trading Lower?

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  • Description

    Solutions Fund Group CIO Larry Shover gives insight into commodities trading.

  • Duration 2:12
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This transcript is automatically generated

Now for some inside -- why commodities have been trading solo Jeff Flock on the trading floor in Chicago with that story Jeff.

Weather outside is frightful this morning in Chicago but on side on the floor of the CME I've got -- -- over I want to talk to him about what traders are watching here today -- you know everybody talks about.

The fiscal -- -- I don't want to talk.

What else is going on tell me about like for example gold yet you know huge move.

It is a huge move it's really a big story -- because people are -- economic what's going -- called.

It has dropped through so many supports right now I'm really there's nothing below us right now the story is China and India it's really not about the fiscal cliff and -- in the story in India for example is that they are not.

The are not providing support which you know -- normally done right right right 1670 level as the area where they came in bought physical gold but.

Now they're not happy to rupee has devalued so much is to come -- it did or did not answer yes -- no support him no support that you get out of gold.

I wouldn't doubt that our -- lighten up or maybe if you don't have in your portfolio to get into your portfolio -- every should have a little piece of -- we walked over toward the agriculture commodities have not opened yet and you know yesterday took a big hit.

A lot of the well that is whether because now warned you know the -- a lot of people -- so fearful about a drought right right.

You're right -- is weather pattern isn't just Chicago army's three or four states wide.

And that's really gonna hit -- -- -- -- -- something on the call stop middle -- states.

Where were the weathered a blizzard that's hitting us right now that's gonna keep -- down there's just no support right now either with us and support there either but you know they've been flying high for -- -- -- -- quickly before we get away.

I'm Nat gas.

Big jump yesterday obviously that's weather yet whether to and keep in mind that gas has gone down quite a bit over the past few weeks in between -- -- -- Yes beaten down and so which is a snap back rally that we've you -- we haven't seen for -- while inventory levels are lower than normal so expect to snap back right to continue.

-- show over always got all the markets -- you trade pretty much everything don't you yet we do Richard and -- 125 different commodities Axel always demand talked to.

And weather day in Chicago.

-- were.

Even at the -- -- possibility and to say diet yeah -- we're leaning house.

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