Tim Hughes Blog Posts

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com ________________________________________________ General Comments Are we witness to the greatest “rope-a-dope” contest of all time? Central banks of the world against defla...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com ________________________________________________ 5/10/13 General Comments Does Asian inflation mean deflation for the West? I wrote in January about the race to the bottom for...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 4/5/13 General Comments: I thought I would give you an update on Bitcoin from my last letter. If you missed my last letter, Bitcoin is a virtual currency that was started a few...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 3/22/13 General Comments: There is a new commodity to watch and it has been very active since news of the proposed “heist in Cyprus” came out. I am sure many of you already...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 3/1/13 General Comments: This morning the report on U.S. consumer spending and income had the headlines for a moment. Spending rose .2%, while income reported the biggest drop...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 2/22/13 General Comments: The Federal Reserve’s “open mouth” policy seems to be in rare form the last couple of weeks. News from the FOMC that voiced concern from some of...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 2/02/13 General Comments: Reliable information is essential for successful commodity trading. Once you have the information, you must correctly identify how the market will rea...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 1/26/13 General Comments: Prior to beginning my general comments, I need to make a disclaimer. I am not endorsing the Hannity Show or Breitbart. I read about the Hannity Show p...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 1/18/13 General Comments: If you have been one of those who “don’t fight the Fed”, well then you have done well. Does that mean that there isn’t a “bond bubble”? No...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 1/4/13 General Comments: What’s all the brouhaha? The drama is over for a while and the Cirque du D.C. has put on a fine performance. The agreed upon spending cuts (cuts to a...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 12/21/12 General Comments: Poor Mayans! They planned a party and no one showed up. Speaking of parties, how about the two parties in charge in Washington? It seems as if they c...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 12/14/12 General Comments The original argument for the creation of the Federal Reserve in 1913 was to promote monetary stability. The money supply when the Fed began operation...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 12/2/12 General Comments China may have avoided a hard landing according to the November PMI (purchasing managers’ index). It jumped to 50.6 and ends a protracted industrial...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 11/16/12 General Comments The most dramatic commodity story today is crude and natural gas. Most of us have heard about the Bakken shale oil boom in North Dakota and the Eagle...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 11/2/12 General Comments I apologize for not providing a letter last week. There are times when it is better to say nothing, and for me that time was last week. I feel like the...

10/19/12 General Comments In last week’s comments I talked about the situation in Iran and the possibility of a rapid drop in oil prices if their government was overthrown. I have since read arguments for the exact opposite reaction, a rapid rise i...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 10/12/12 General Comments The sanctions imposed on Iran are beginning to bite more aggressively. There isn’t much coverage of the story. A few articles and news snippets, but...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 10/5/12 General Comments The wait is over and the numbers are in, 7.8% unemployment. U6 unemployment is 14.7%. In depth report analysis and suspicions aside, the stock indices...

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 9/21/12 General Comments I thought I would just copy this onto my letter today because of how important I think it is and how dramatically I believe it will affect our trading...