Category: Commodity Trading

Should Traders Heed Bill Gross On Gold?


In recent interviews, Bill Gross, the legendary co-founder of Pimco and manager of the world’s biggest bond fund, has stated his belief that gold will do well in 2013. That Gross, renowned as the “Bond King”, would pick gold as the year’s best buy over a bond is very telling about what he expects for the future; but investors remain unconvinced.

Orange Juice Prices to Spike After Fungicide Scare


That glass of orange juice is about to cost you more, after the U.S. Food and Drug Administration found traces of a banned fungicide in Brazil-imported oranges. The prices of orange juice futures contracts hit a 34-year high on Tuesday, just days after a cold snap in Florida sent frozen orange juice concentrate futures soaring 26 percent.

It’s no longer just about commodities like oil and gold. Last year, peanut butter prices hit the roof after a poor peanut harvest. This year, orange juice prices too, are set to hit the roof.