Weekly Reports (Archive)
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The Copper Journal Weekly Reports - pg 8. Weekly reports / charts
No Mercy – Part II
Most metals lost more value last week, weighed down by ongoing trade issues, military threats, and an overall sense of uncertainty, that is disrupting supply chains throughout the world.
Two weeks ago, it appeared that progress had been made in the North American trade / tariff issues.
Since then, it now looks like ‘one step forward and two steps back’, with Mexico...
Precarious...
Most metals lost more value last week, weighed down by ongoing trade issues, military threats, and an overall sense of uncertainty, that is disrupting supply chains throughout the world.
Unfortunately, there is little light to be seen at the end of this tunnel, which seems to be considerably longer than expected.
A review of just about every chart in this report shows markets...
Good News / Bad News...
The good news of course, is that the United States reached a deal to end steel and aluminum tariffs on our neighbors to the north and south, and is also delaying a decision to impose tariffs on imported cars from the European Union.
But the bad news is that the United States and China remain poles apart on reaching any kind of trade agreement.
The interesting news is not really news, but rather opinions of various commentators...
No Mercy !
There wasn’t much benevolence bestowed upon our markets last week, and unless something of a miraculous event occurs, things may get worse before they get better.
Copper, aluminum, lead, nickel, and zinc all fell through their respective support lines, and tin is teetering on the brink.
Likewise, precious metals have either fallen...
Back To The Drawing Board. Again.
Last week was a tough one for metals.
It started on Monday when 36,325 mt of copper, and 48,200 mt of aluminum was ‘delivered’ into LME warehouses.
To put this into perspective, this equates to 80.1 million pounds of copper, and 106.3 million pounds of aluminum. For the full week, 229,375 mt, or 505,684,713 pounds of aluminum ‘arrived’ in warehouses.
Even the most learned amongst us has difficulty comprehending...
Monthly Reports (Archive)
