Tag Archives: copper

  • News

    Recession-flation, Anti-War Ballads

    Weekly Market Commentary 29 October 2021
    by davefairtex

    Sunday, October 31, 2021, 4:00 PM

    21

    We saw some negative economic data this week: Auto/light truck sales: -6.8% m/m, -33.9% y/y. Auto sales continue to plunge. “Shortages”. The drop in auto sales is nothing short of spectacular: peak of 18m in early 2021, currently at 12m. GDP: +1.87% q/q, +8.78% y/y. That sounds good, but the expectation was for a vastly…

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  • News

    Taper Coming Soon, View from Other Side of the Hill

    Weekly Market Commentary 24 September 2021
    by davefairtex

    Sunday, September 26, 2021, 7:44 PM

    20

    Market Commentary This was Fed Meeting Week – for those who have been distracted by “covid”, the Fed has been hinting about maybe-possibly-tapering their money-printing spree because, maybe, inflation is kinda-sorta starting to become a thing. Finally. To their great relief. Inflation! Yay!! Ok well sure, inflation sucks if you’re a wage-earner, or on a…

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  • News

    Dollar Rally Hurts PM, Monoclonal Antibodies for Everyone!

    Weekly Market Commentary 17 September 2021
    by davefairtex

    Sunday, September 19, 2021, 7:37 AM

    34

    Market Commentary There were three major economic series released this week: Retail Sales [+0.71% m/m], Industrial Production [+0.40% m/m], and CPI [+0.27% m/m]. The CPI was just a bad joke; it is up +4.38% y/y, with PPIACO up +16.16%. Someone should complain to the Trusted News Initiative gang that the harmful disinformation coming from the…

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  • News

    A Copper Mystery, Bubble Pop in China?

    Weekly Market Update 10 September 2021
    by davefairtex

    Sunday, September 12, 2021, 8:12 PM

    22

    Market Commentary It is time once again for PPIACO – the old-style Producer Price Index dating back to 1913!  Indexes aren’t so useful, unless they are translated into “percent change year-over-year”.  As with last month, PPIACO y/y change remains around 20%, which is the largest move since Nixon was in the White House, a few…

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  • Insider
    Gold Signaling Crisis

    Both Gold And Copper Warn: “Crisis!”

    Is a Comex failure coming?
    by Chris Martenson

    Tuesday, August 13, 2019, 5:45 AM

    36

    Gold has spiked higher in the overnight markets, now above $1535.  Copper continues to weaken.  That combination says that gold is not sniffing out an inflationary burst from some future burst of economic growth. If that were the case, copper wouldn’t be tanking here. Take a peek at these two charts. Let’s your eyes wander…

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  • Insider
    Konstantin Kolosov/Shutterstock

    That Roaring Sound You Hear…

    Markets are shouting deflation
    by Chris Martenson

    Tuesday, August 4, 2015, 1:05 AM

    30

    Ok folks, the deflation we’ve been tracking is gathering steam. We're now seeing new signs on a daily basis.

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  • Blog
    Ivan Cholakov/Shutterstock

    Deflation Is Winning – Beware!

    Expect the ride to get even rougher
    by Chris Martenson

    Friday, July 24, 2015, 3:03 PM

    14

    Deflation is back on the front burner and it's going to destroy all of the careful central planning and related market manipulation of the past 6 years.

    Clear signs from the periphery indicate that a destructive deflationary pulse has been unleashed. Tanking commodity prices are confirming that idea. 

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  • Insider
    Wikimedia Commons

    Assume The Crash Position

    What this means for gold, oil, copper & real forms of wealth
    by Chris Martenson

    Friday, July 24, 2015, 3:03 PM

    63

    Executive Summary

    • The entire commodity complex is breaking down
    • What to expect next
    • What will happen with gold
    • What all this means for the future

    If you have not yet read Part 1: Deflation Is Winning – Beware! available free to all readers, please click here to read it first.

    Commodity Bust

    Copper

    'Dr. Copper' is so named for the metal's uncanny ability to both diagnose current economic activity and deliver a prognosis on future activity. Right now, it's saying the patient is very sick and not likely to recover any time soon:

    Copper has just broken through key support (in dotted circles) and looks like it could fall further. Notice the behavior of copper in 2008/09 and you’ll see that paying attention to copper is a good idea.

    Oil

    Oil has obviously fallen by a lot, with WTIC crude well under $50 again today, signaling … 

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  • Blog
    National Archives and Records Administration (NARA)

    The Environment: Depleting Resources – Crash Course Chapter 23

    Why scarcity will define the future
    by Adam Taggart

    Friday, November 28, 2014, 7:44 PM

    3

    The bottom line is this: we, as a species, all over the globe, have already mined the richest ores, found the easiest energy sources, and farmed the richest soils that our Environment has to offer.

    We have taken several hundreds of millions of years of natural ore body, fossil energy deposition, aquifer accumulation, soil creation, and animal population growth — and largely burned through them in the few years since oil was discovered. It is safe to say that in human terms, once these are gone, man, they’re gone.

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  • Insider
    © Rolffimages | Dreamstime.com

    Understanding the Secular Shift of Capital into Commodities

    Higher prices can happen even if the economy slows further
    by charleshughsmith

    Wednesday, July 17, 2013, 1:27 AM

    10

    Executive Summary

    • The commodity complex is already beginning to rise following oil's upside breakout
    • Natural gas is trending higher
    • Copper appears to have bottomed
    • Wheat and coffee's downtrends are ending
    • A secular rise in commodities can happen even in the face of slower economic growth and lower demand

    If you have not yet read Part I: Get Ready for Rising Commodity Prices available free to all readers, please click here to read it first.

    In Part I, we examined the conventional narratives used to explain the price of oil and found that they no longer account for oil’s breakout to a new uptrend.  I suggested that financialization and speculation could power oil much higher, despite sagging global demand for physical oil and a potentially deflationary global recession.

    This thesis has been met with widespread skepticism when I’ve aired it privately, and I think this skepticism arises from the newness of this narrative. In the past, oil has responded to supply-demand and inflation/deflation. The notion that oil could rise in a finance-induced “scarcity amidst plenty” is neither simple nor intuitive.

    If oil tracks higher, we can anticipate that the primary commodities (energy, agricultural, and construction) may well rise, even as end-user demand weakens, as oil underpins all production and transport. The 2.5% rise in producer prices over the past year suggests this is already occurring.

    The secondary reason is that lower prices eventually push marginal producers out of business, tightening supply and giving the remaining producers pricing power.

    As noted in Part I, regardless of what we see as key drivers or what we think oil “should do,” oil has broken out technically.

    Is there any evidence to support the idea that the uptrend in oil will trigger higher prices in other commodities? Let’s start with the CRB (Commodity Research Bureau) index that reflects a basket of commodities…

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