Page 13 - Traders Report News Today

Stock Image (The opinions expressed here are those of the author, Andy Home, a columnist for Reuters.) Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder. Sign Up for the Copper Digest Sign Up Goldman Sachs last week doubled down on its supercycle shout, forecasting copper would average $15,000 per tonne in 2025 in a headline-grabbing April 13 research note titled “Copper is the new oil”. Citi is also firmly i...

EnergyColumn: Supercycle or China cycle? Funds wait for Dr Copper’s call Andy Home 5 minutes read Trucks carrying copper and other goods are seen waiting to enter an area of the Shanghai Free Trade Zone, in Shanghai in this September 24, 2014 file photo. REUTERS/Carlos Barria Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder. Goldman Sachs last week doubled down on its supercycle shout, forecasting copper would a...

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LONDON, Feb 16 (Reuters) - Coppers red-hot rally rolls on with London Metal Exchange (LME) three-month metal hitting $8,437 per tonne on Tuesday, its highest level since May 2012. Exchange stocks are low and LME time-spreads are tightening. Coppers micro dynamics are reinforcing the macro reflation trade that is lifting prices across the commodities spectrum. Throw in a sprinkling of electric vehicle stardust and you can see why the likes of Goldman Sachs and Citi are doubling down on their bul...

February 6, 2021 | Is a Crisis in the Silver Market Dead Ahead? Ed Steer "Ed wrote the daily precious metal commentary for Casey Research starting in 2008. His stand-alone column became their most highly-rated blog [either free or paid] almost from the outset—and remained that way until he started his own subscription-based website in June of 2015." 06 February 2021 — Saturday YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM The gold price didn’t do much of anything in morning trading i...

Funds still in the driving seat as copper hits fresh highs: Andy Home London Metal Exchange (LME) copper last week punched up through the $8,000-per tonne level for the first time since February 2013. LME three-month metal touched a high of $8,238 per tonne on Friday and has retraced to a current $7,900. The copper price has now almost doubled since its COVID-19 low of $4,371 in March last year. The subsequent super-charged rally has been a bullish collision of positive short-term fundamentals,...

Copper has been wrapped into a larger reflationary trade which leaves it exposed to broader market turbulence such as a sell-off in global equity markets.

By Brady Sidwell Dec 13, 2020 Howdy market watchers, Hopefully by the time of this reading, it’s snowy white outside. Just in time for the holidays on this anything but usual end to the year. There is plenty of doom and gloom out there with news circulating all this week that daily COVID-19 deaths are now equivalent to 9/11 and Pearl Harbor, daily. It’s sad, confusing and frustrating all at the same time. We can only hope for a better tomorrow. News of the FDA’s pending approval ...