William Adams
William Adams
extent fairly given higher level likely minimal prices push rise seems trends
Given the extent of the rise the level of the pull-back seems to be fairly minimal and after consolidating the up trends are likely to push prices higher still.
correction heading jury markets mini mining selling showing stocks therefore whether wider
The jury is therefore still out as to whether this was just another mini correction or whether more selling will follow. The wider markets are showing some strength, equities are heading higher, mining stocks are showing some strength.
catching china early market trading
With China now back in the market after the New Year, there was some catching up in early trading on Monday.
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.
happiness happy minds
Most of us are just about as happy as we make up our minds to be.
demand distinct economy given global high housing interest lofty market metals period prices profile rising slower slowing suffer
Should the global economy suffer a period of slower demand, which is a distinct possibility given rising interest rates, a slowing housing market and high debt, then the demand profile on the metals could suffer. In turn, these lofty metal prices would then look out of place.
continues copper defy needless
Needless to say copper continues to defy gravity.
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.
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.
happen needs surprised turns
I wouldn't be surprised if they consolidate for a while. Something else needs to happen before this turns into a rout on the downside.
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.
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.
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.