William Adams
William Adams
bonds event impacts issues markets needs physical quiet seem summer trade watched whim
With the physical trade still quiet because of the summer slowdown, the markets seem to be at the whim of the funds, so more exogenous issues such as the equities, oil, bonds and the dollar, or any other event that impacts the funds, needs to be watched closely.
bullish changing hard metals near overall sentiment
Overall the sentiment in the metals is still very bullish and it is hard to see this changing in the near term.
base danger metals pulled rug underneath
On the surface, the base metals look strong, but there is a danger the rug could get pulled from underneath the market.
copper glass instead packaging steel types
Plastics are being used instead of copper tube, aluminum is replacing copper conductors, steel/tin, plastics and glass are being used instead of aluminum packaging and plastics and different types of coated steel are being used instead of galvanized steel.
seemed
My own wisdom, and that of all about me seemed insufficient for the day.
again assume bullish fresh funds money prices pushing weight
Without any fresh bullish news, one has to assume that it is the funds and the weight of money that is once again pushing these prices higher.
copper earlier last prices rebound
The reversal...puts copper prices right back into the earlier consolidation zone, which undoes much of the rebound from last week.
generally historic low standards stocks supply threat
Stocks are generally low by historic standards and the threat of supply disruptions hangs over the market.
buying change good join looking metals providing reluctant seems
The metals are looking nervous, the sell-offs are providing the dip-buyers with good opportunities but for a change the follow-on buying seems to be reluctant to join in.
accept aspect buy current funds knocks market remain stage until willing
At some stage the fundamentals will become influential again, but while the funds are willing and able to buy commodities, you have to accept that their patronage is the most influential aspect in the market and will remain so until something knocks them from their current thinking.
although awful complex cooked doubt hype knocking looks market prices reality seems
Although there is little doubt that fundamentals are tight, there seems an awful lot of hype in the market and with prices knocking on $6,000 a ton, the whole complex looks over cooked and in need of a reality check.
age-and-aging bandwidth building capital charge companies flowing leading
There's a lot of capital flowing into 'information-age' companies. These are 25 companies that are leading the charge in building the bandwidth for the world economy.
anti good outside save stuff
For a while I was anti working outside of the Peas, because I wanted to save all the good stuff for us.
concerns event external likely ongoing prices supply trends unless upsets
This, and ongoing concerns over supply are likely to underpin prices, so unless some external event upsets the funds, the upward trends are likely to keep prices on the rise.