Copper dumped as China’s Housing sector slumped and Industrial output came in shy of expectations. Industrial metals dipped except platinum is putting on a show.
It’s Flag Day today and what better day to point out that OPEC called a penalty flag on the International Energy Agency IEA calling their […]
Continue Reading →Fed Chair Jerome Powell single handedly smashed global metal markets after the Fed showed concerns about sticky inflation yet after a soft CPI and the […]
Continue Reading →Commodity price volatility is exploding after the Fed disappoints. Some markets including the petroleum markets, even after the soft inflation reading, oet confused after an […]
Continue Reading →Many years ago, when I first got into the commodity business, I had my share of what I used to think of as old codgers […]
Continue Reading →The IEA has a dream to cope with anything. If they see the wonder, of a fairy tale, they can take the future, even if […]
Continue Reading →Oil prices had its best day in two months as the market got over its OPEC cut “taper tantrum”. The market seemed to awaken to […]
Continue Reading →There’s an old saying in the commodity business that volatility keeps a trader young. Well, if you’re trading the metals the way we are, you’re going to […]
Continue Reading →Iranian backed Houthi rebels are kind of like cockroaches that you can’t get rid of. They keep coming back and attacking. Despite the Biden administration’s plan […]
Continue Reading →The ECB put the US on notice and cut rates sending metals soaring. Can the United States keep the momentum going as we await, we […]
Continue Reading →Petroleum prices rallied yesterday but are dropping today ahead of the all-important monthly jobs report that is expected to show that the US added 190.000 […]
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At It Again. The Energy Report 06/17/2024
Apparently the Biden Administration believes that the Strategic Petroleum Reserve (SPR) is their own little political slush fund. The Biden team is saying that they […]
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