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The Copper Journal Weekly Reports Weekly reports / charts

Apr 26

John Gross

A Shot Across The Bow

In naval parlance, this is a warning. In metal markets, it’s pretty much the same thing.

Over the past several weeks, markets have been emitting signals in the form of narrowing spreads, or in some cases a backwardation structure.

Generally speaking, a backwardation occurs when nearby prices are higher than forward prices...

Apr 19

John Gross

I Hear Him...

Last year at this time, things were looking pretty good. The Big Bull they call Big Red was travelling north.

He crossed the $3.00 latitudinal line in March of 2018, and by mid-April had made it to $3.15, with his sight set on reaching $3.50 by mid-summer.

Regrettably though, in early June, Big Red heard the first shots fired in the trade war...

Apr 16

John Gross

Special Report

We were scheduled to participate in a copper focused webinar today, which unfortunately was cancelled.

Nevertheless, we thought you would find the charts we prepared to be interesting and timely...

Apr 12

John Gross

Which End Is Up?

  • Brexit comes off the boil on the front burner, only to continue simmering on the back burner.
  • The IMF scales back global economic growth.
  • The U.S. / China trade talks continue without a clear end in sight.
  • The U.S. and EU are now looking to impose reciprocal trade tariffs, thereby widening trade tensions.
  • Major global equity markets remain strong, with most at or above their 52 week moving average.
  • The S&P 500 is within just 23 points of its record high.

Very odd and conflicting elements...

Apr 5

John Gross

Research...

If we knew what it was we were doing, it would not be called research, would it ? Albert Einstein

That pretty much sums things up – eh?

We continue doing ‘research’ in an attempt to understand why markets do what they do, and to give us some hint about what to expect in the future.

Fundamental analysis focuses on supply and demand and....