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The Commodities Feed: The metals complex rallies


Metal prices rose across the board as macro tailwinds continued to provide support. Despite pushbacks from the downstream physical market, copper managed to continue its parabolic run, approaching its decade high, with LME 3M prices hitting an intraday high of US$9,765/t yesterday. Further stoking the spike is strike action at Chilean ports, which is threatening exports of copper concentrate amid an already fairly vulnerable supply picture.
The relative strength in LME copper versus Shanghai, however, has led to an open export arbitrage for some players, which may potentially deter some speculative buying in London in the very short term. The speed of copper s seasonal destocking is lagging due to its high prices. In addition, there were reports that spot treatment charges rose for the first time since last August, possibly an early sign that spot TCs may be bottoming, but still too early to call. Energy ....

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A New ETF Can Let You Bet on a Recovery in the Hotel Industry


(MENAFN - Baystreet.ca) There is a new exchange-traded fund (ETF) out there for investors who are bullish on the travel sector. The AdvisorShares Hotel ETF (NYSEArca:BEDZ) began trading on April 21 and it could be a great buy if travel picks up later this year.
The ETF is focused on a variety of travel-related properties, including gaming and leisure, and it even includes Airbnb (NASDAQ:ABNB). With vaccines being rolled out and consumers eager to get back to travelling and vacationing, BEDZ can be a great way to tap into that recovery. But even if it doesn t happen right away, it could be a good buy-and-hold investment. On the fund s page, it cites a source that claims the hotel industry will make a full recovery by 2023.The vast majority of the fund s exposure is to the U.S. market and the bulk of its stock fall into either the large cap (37%) or mega cap (40%) categories. The ETF s top holding is Vici Properties (NYSE:VICI), which has some of the hottest gaming and enter ....

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Was Phar Lap killed by gangsters? New research shows which conspiracies people believe in and why


Author:
James (Jim) McLennan
(MENAFN - The Conversation) The Apollo moon landings were faked , Lee Harvey Oswald did not act alone to assassinate JFK, governments are hiding the existence of UFOs .
These are some classic conspiracy theories that almost everyone has heard about, and a sizeable number of people agree with. But little research has investigated homegrown conspiracy theories in Australia and New Zealand, and what drives people in these countries to believe in conspiracies. Are we much different from conspiracy believers elsewhere?
Our new research published in the journal Political Psychology delved into homegrown conspiracy beliefs of everyday Aussies and Kiwis, shedding light on which ones we buy into and which we put in the tin foil hat basket. ....

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Royal - Thomian big match postponed


(MENAFN - NewsIn.Asia)
Colombo, April 27 (Daily Mirror) - The annual Royalthomian cricket matches scheduled to be held next month have been postponed until further notice after some players tested positive for COVID19, the Daily Mirror learns.
The big match was scheduled for May 6, 7 and 8 in Hambantota followed by a T20 match.
Organizers said they had decided to postpone the annual cricket matches after some players tested positive for COVID-19 after being subjected to PCR tests.
A new date for the matches will be notified later.
Last year, several attendees of the big match were subjected to self-quarantine after a Srilankan Airlines first officer who attended the match tested positive for the virus. (Jamila Husain) Big Match cricket Royal Thomiam ....

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