Posts tagged with Base metals
13 September 2011 - Copper breaking bad – can gold keep the faith?
Since the new world order was heralded in by the market naves in March 2009, the commodities complex has been broadly trumpeting the same tune. Whether it’s been due to the destruction of fiat money or the creation of lots of real demand, the trend across most commodity classes has been firmly up. But the [...]
1 September 2011 - Chinese equities and the commodity conundrum
The following chart throws up some interesting questions about the Chinese growth engine. In this we are looking at the relative performance of the Shanghai Composite as against commodities prices (as broadly mapped by the CRB index): So Chinese equities were first to accelerate out of the GFC lows fired up as they were by [...]
4 February 2011 - Commodity prices – the grotesque in the attic
Global industrial production is set to climb again – as it waddles after those cardigan wearing purchasing managers: The US has been leading the way – from the JP Morgan Global PMI Report report (here) The US PMI rose to an eighty-month high in January, while its counterpart in the Eurozone hit a nine-month peak. [...]
24 January 2011 - US futures positions – gold lower, copper peaking?
Latest Commitments of Traders reports (here) confirm that deeper pocketed speculators continue to exit their gold positions: Managed money longs have declined through the July 2009 lows and are threatening to revisit levels last seen in March 2009. (Note the boxed area in the charts reflects the period since gold bottomed in October 2008.) And [...]