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Thankfully we have started the week with a resolution to the Federal election which combined Australia’s longest campaign with the longest count duration. Elsewhere uncertainty remains in Europe with Brexit, and the LME commodity markets continue to drift along sidewards until the political and economic…


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On the markets it’s been a strong week for copper and aluminium with the USD Prices rising 4.2% and 6.1% respectively. There have been numerous explanations given, including prices been driven by speculation by the retail future traders (gamblers) and/or perceived improved world economic conditions.…


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It’s been a busy night overnight with iron ore rising a massive 18.5% on the belief (ie nothing fundamental) that Beijing’s pro-growth policies will improve demand in China. Other commentary also refers to the catching out of short sellers, who in a rising market are…


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Our thoughts this week are with the residents of Fiji who have been battered by category 5 Tropical Cyclone Winston with winds up to 325 kilometres per hour. We are hopeful that with time, the residents will rebuild their homes and go back to a…


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Kung Hei Fat Choy, and our best wishes for a healthy and happy Chinese New Year, being the year of the Monkey. As the 2017 Chinese New Year falls on January 28, it’s not quite a full year, but let’s not confuse things. It is…


Newletter - Slight rises in LME copper Read more »

Newletter – Slight rises in LME copper

On the markets we have enjoyed some slight rises in LME copper although the rising AUD/USD has kept a lid on the Australian dollar prices. The AUD/USD is now trading at just over 70 cents. There is little in the way of fundamental supply-and-demand data…


Newsletter - Copper and Aluminium calm throughout last week Read more »

Newsletter – Copper and Aluminium calm throughout last week

Fortunately for all of us, the biggest talking point in the last week has been the price of Oil which fell to a fresh 12 year low overnight. Whilst we haven’t quite noticed the price of unleaded petrol falling at the local servo quite as…


Newletter - Copper down 5.3% Read more »

Newletter – Copper down 5.3%

Welcome to 2016. Only 6 working days into 2016 and on the back of more data that the Chinese economy is slowing down, the world’s largest casino (also known as the Chinese Stockmarket) has fallen 14.76 %.  Furthermore, with reports that most retail investors were…


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It’s been another nasty fall in commodity prices overnight with oil prices in particular grabbing the headlines with gems like “Crude Awakening”, “Oil Slump”, and “Oil Dip”.  Added to this there is heightened paranoia over the Chinese governments clamp-down on short-selling in Shanghai and HK…


Newsletter - LME steadied for the time being Read more »

Newsletter – LME steadied for the time being

Welcome to the first day of Summer with the countdown to Christmas well upon us. On the commodity markets the LME has steadied for the time being with only small movements in prices in the last 5 days. Last Thursday in the USA was Thanksgiving…


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