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- Written by TradersCom
- Category: Commodities
Gold is down over 8% for the year and on target for its worst month since late 2016. This is despite traditional safe haven buy cues such as inflation scares, a weak US dollar, and an uncertain world, Gold bugs climbed into the precious metal after the Fed's massive new stimulus package and talks of Fiat currency collapse. What happened? One thing, Bitcoin took much of that Gold bug clientelle and yields have tracked higher.
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- Written by ThePitBoss
- Category: Commodities
The global semiconductor chip shortage, the result of lower production from COVID restrictions and increased demand due to Work From Anywhere (WFA). Then we have a delay in Intel's chips. This has put the Taiwanese Semi giants in a powerful position for upcoming negotiations with automakers.
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- Written by Corporal
- Category: Commodities
Iron ore prices have continued to rise sharply following ongoing Chinese industrial output, Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin jumped to $172 per tonne in the third week of January. The highest level since October of 2011. At the same time Rio Tinto saw a 2.4% rise in Q4 iron ore shipments.
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- Written by ClemSnide
- Category: Commodities
Chicago based Hedge fund Citadel has made massive profits on it's commodity investments in 2020, over $1 billion according to Reuters. Much of the gains were in oil and gas from the price swoons from the Covid demand meltdown, Large gains were also said to be have made in agriculture commodities.
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- Written by ThePitBoss
- Category: Commodities
Three months can be an eternity and that is what it was for energy futures in particular. Futures and commodities were hit violently in the first quarter of 2020 with the black swan Covid -19 running roughshod. In Q2 bounces in equity and energy markets were spectacular.
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- Written by TradersCom
- Category: Commodities
The US consumer credit outstanding in February came in at +$22.33 billion much higher than the +$14.0 billion expected and from the +$12.02 billion last month. This was before the economic shutdown to the economy.
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- Written by ThePitBoss
- Category: Commodities
Futures and commodities were hit violently in the first quarter of 2020 with the black swan Covid -19 event running roughshod over energy markets in particular. The biggest gainers were safehaven elements such as the VIX, treasuries and foodstuffs.
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- Written by ThePitBoss
- Category: Commodities
Gold exploded over $80 higher, the largest daily dollar gain ever following the Federal Reserve's massive new stimulus package that includes unlimited purchases of Treasurys and mortgage-backed securities.
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- Written by ClemSnide
- Category: Commodities
Goldman Sachs raised their price forecast for gold on Friday in a note to customers on Coronavirus fear. $GS had previously cited Modern Monetary Theory to higher ETF inflows, Geopolitical risk, stronger emerging markets, weaker U.S. dollar and negative real interest rates in Europe .
- Details
- Written by ClemSnide
- Category: Commodities
Goldman Sachs raised their price forecast for gold on Monday night in a note to customers. $GS added Modern Monetary Theory to higher ETF inflows, Geopolitical risk, stronger emerging markets, weaker U.S. dollar and negative real interest rates in Europe as reasons.
