01-30-26 spal
Speculators go home!
===
More like FOMO/ MOMO trend followers. Otherwise known as liquidity. |
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01-30-26 spal
FECCF
FRONTERA ENERGY CORP
6.88 (+41.86%)
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01-30-26 panasonic
Savo, slv 27% drop in one day, above a slight correction which is rough to swallow, specially for those who bought out of hype.
Speculators go home! |
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01-30-26 spal
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01-30-26 spal
i must intervene by selling more puts or calls ..
===
;)) |
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01-30-26 pillz
| I need to be in an ideal position :-)) |
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01-30-26 pillz
| and if it's not i must intervene by selling more puts or calls .. |
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01-30-26 pillz
Precious metals will recover
//
hope so , my short puts and calls , the ideal is 5.200$ for the gold |
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01-30-26 carib
| Pill: congrats on waking up Bolero. |
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01-30-26 leopardo
Today’s movement in Silver and Gold is mainly due to
leveraged position.
Precious metals will recover |
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01-30-26 spal
when the market will understand it gold will be above 5000$
===
So so far the Press-titutes are doing their job |
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01-30-26 spal
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01-30-26 pillz
Bottom Line ... he is Trump's guy.
//
when the market will understand it gold will be above 5000$ |
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01-30-26 spal
| Bottom Line ... he is Trump's guy. |
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01-30-26 spal
Bottom Line:
Yes, there is a publicly observable pattern where Warsh’s recent rhetoric mirrors Trump’s policy goals more closely than that of typical Fed Chairs in recent decades.
He has been used by Trump as a means to validate the president’s critique of the current Fed and interest rate stance.
Critics describe this as being “in Trump’s pocket,” but the evidence does not show formal political coordination of the sort that invalidates independence — rather it shows policy convergence and political utility.
In practice, if confirmed:
Warsh will likely be more sympathetic to Trump’s calls for lower rates than Powell was.
He will still have to navigate institutional counterweights within the Fed, other governors, and economic data.
Expect public alignment with the Trump narrative on policy in early tenure, but not total policy capitulation to presidential political imperatives. |
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01-30-26 pillz
| Carib, did you read my claim to bolero, they wake up :-) |
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01-30-26 spal
| My impression was that Warsh was very much in Trump's pocket. I remember reading a profile of him recently that explained this. If I come by it again I'll post. |
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01-30-26 pillz
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01-30-26 carib
| I did (hear of Warsh) early enough, and was my preferred choice (from a trumpian point of view) |
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01-30-26 carib
Some people long precious metals might be hurting today..
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01-30-26 pillz
| btw, Leo even did't know the name of Kevin Warsh :-) |
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01-30-26 spal
01-29-26 leopardo
I don’t think today’s movement means a reversal for
the metals. We shall see..
====
Leo hope you are ok? |
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01-30-26 spal
The market is mostly Trump tweets, Powell blatherings, sentiment and algorithms.
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01-30-26 pillz
| all this because Trump named Kevin Warsh , unbelievable ... |
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01-30-26 spal
| Hence the need to stop losses ... etc |
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01-30-26 spal
-12.2 % , it start to be serious ...
===
Up and down like a whore's drawers. |
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01-30-26 pillz
but anyway
PDVSA 9 21
34.95
-
35.45
//
Carib , when I can , I will sell it min 35 , hope Bolero find a buyer ... |
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01-30-26 pillz
| maybe on Monday they wake up and buy the gold to up to 5000 ?? |
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01-30-26 pillz
| -12.2 % , it start to be serious ... |
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01-30-26 pillz
Carib , if you don't find it , here in English:
this was my mail to them before;
Dear,
I have contacted you several times regarding my bond:
Petróleos de Venezuela S.A. 9% 11/21 (ISIN: USP7807HAP03 / A1GZSW)
Nominal: USD
To date, I have not received a concrete and useful answer, even though this is an important financial position for me.
You mentioned that this bond is "under embargo" due to sanctions against Venezuela, which means that it cannot be traded.
I now urgently demand a clear written confirmation of the following:
Why I cannot sell this bond through Bolero, while it is tradable in a.o. Frankfurt (XFRA) and/or Stuttgart.
Whether Bolero/KBC absolutely refuses to carry out a sale via the stock exchange and via OTC/dealing desk.
If it is effectively impossible: on the basis of which regulations/sanction procedure this is refused (short and clear).
Why the price/valuation on my statement remains incorrect (12.745% instead of ±35% on 31/12/25) and when this will be corrected.
If I do not receive a substantive response, I will escalate this file and file a formal complaint, as it is not normal for a client with a position of this size to have no opportunity to act and not receive a timely explanation.
I expect your reply within 24 hours.
Kind regards,
Pill R. |
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01-30-26 pillz
| hope this -10.5% fall in gold is not the beginning of more fall ?? |
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01-30-26 pillz
| Carib, on this board , if you have a languishes that you don't understand , just touch the left under your touchpad and you see a lot of possibilities and one is translate to English , and all post that are not in English become English ... hope it help ... |
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01-30-26 spal
Added to CRS position. Longer term. Morgan Stanley have a buy on them ... target $437.
Carpenter Technology makes a strong buy for the current economic regime because:
It is capturing record earnings and cash flow in real time.
It serves entrenched, high-value industrial markets with barriers to entry.
It has tangible pricing power and long customer lead times, insulating it from commodity volatility.
It returns cash to shareholders while funding growth.
Analysts still see meaningful upside despite recent gains.
In a U.S. economy with uneven industrial growth but strong defense, aerospace, and engineering capex, CRS stands out as both a cyclical growth play and a structural growth compounder.
It’s not a speculative tech growth story, but it is a fundamentally improving industrial franchise with tightened supply dynamics and meaningful profitability expansion — exactly what smart industrial value investors want right now.
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01-30-26 carib
Chi troppo in alto sale, cade sovente precipitevolissimevolmente...
(the last, I think, is the longest word in the italian dictionary) |
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01-30-26 carib
panas: I concur.
I listened to the entire Rubio audition.
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01-30-26 spal
spal... i have frontera bonds... you were the one bringing it to my attention...
a nice profit thanks to you.
====
Savo - a pleasure. Your reward for putting up with my ranting. |
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01-30-26 savo
| pana.. up 15% YTD.... how is that obliterated ? |
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01-30-26 panasonic
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01-30-26 panasonic
Pdvsa, would add more if wasn't so exposed, stay tuned.
Rubio did very well yesterday on testimony with lawmakers. |
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01-30-26 savo
China suspended trading of five commodity funds on Friday to curb investment mania in gold, silver and oil and reduce underlying risks amid geopolitical tensions.
The only public fund investing in silver futures in mainland China, UBS SDIC Silver Futures Fund, a listed open-ended fund (LOF), will be suspended for the whole day on Friday, the second such halt since January 22.
The trading halt also spread to oil LOFs, four of which were halted for an hour up to 10.30am on Friday. Before the halts, fund-management firms had issued multiple alerts about high premium risks.
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01-30-26 savo
carib... incompetent means a lot of things... including what you say but other things too.
Powell.. for example is the definition of an incompetent... a guy that proclaims an inflation target that he never achieves and does nothing to achieve it except the opposite of he should be doing.
The guy can not even speak normally... seems to have some problem in his mouth or tongue.
Somebody that negates the laws of economics is an incompetent...
Somebody with the wrong background for a certain job is an incompetent
Somebody that already advised trump and we know how that one went.. is an incompetent too...
Warsh is.. for the moment... a Trump crony... with the wrong background and the wrong economic ideas hence the wrong guy for the job unless he converts... which can happen...
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01-30-26 savo
spal... i have frontera bonds... you were the one bringing it to my attention...
a nice profit thanks to you. |
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01-30-26 spal
| Silver ... someone is getting their head handed to them |
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01-30-26 spal
Dear Sir,
Thank you for your patience in this matter.
We have now been able to verify a number of points:
We confirm that the embargo on this bond has been lifted. We will therefore have the data updated so that the bond can be traded again without restrictions.
Our trading desk indicates that they may also be able to find a buyer.
We are currently awaiting confirmation that we can settle the securities with the custodian and with any counterparty.
As soon as we have more information, we will contact you again.
Thank you again for your understanding and patience.
Sincerely, |
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01-30-26 carib
but anyway
PDVSA 9 21
34.95
-
35.45 |
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01-30-26 carib
|
01-30-26 pillz
finally, they wake up.... after my mail:
//
Geachte heer,
Dank u wel voor uw geduld in deze zaak.
We hebben intussen een aantal punten kunnen verifiëren:
We bevestigen dat er voor deze obligatie geen embargo meer van toepassing is. We zullen daarom de gegevens opnieuw laten aanpassen zodat de obligatie opnieuw zonder beperkingen verhandelbaar is.
Onze marktzaal geeft aan dat zij mogelijk ook een koper kunnen vinden.
We wachten op dit moment nog op bevestiging dat we de stukken kunnen settelen bij de depothouder en bij een eventuele tegenpartij.
Zodra we hierover duidelijkheid hebben, nemen we opnieuw contact met u op.
Nogmaals dank voor uw begrip en geduld.
Met vriendelijke groeten,
////
this was my mail to them before;
Geachte,
Ik heb u inmiddels meerdere keren gecontacteerd betreffende mijn obligatie:
Petróleos de Venezuela S.A. 9% 11/21 (ISIN: USP7807HAP03 / A1GZSW)
Nominaal: USD
Tot op heden krijg ik geen concreet en bruikbaar antwoord, terwijl dit voor mij een belangrijke financiële positie is.
U vermeldde dat deze obligatie “onder embargo” staat wegens sancties t.o.v. Venezuela, waardoor er niet in gehandeld kan worden.
Ik eis nu dringend een duidelijke schriftelijke bevestiging van het volgende:
Waarom ik deze obligatie niet kan verkopen via Bolero, terwijl ze wel verhandelbaar genoteerd staat in o.a. Frankfurt (XFRA) en/of Stuttgart.
Of Bolero/KBC absoluut weigert een verkoop uit te voeren via de beurs én via OTC/dealing desk.
Indien het effectief onmogelijk is: op basis van welke regelgeving/sanctieprocedure dit wordt geweigerd (kort en duidelijk).
Waarom de koers/waardering op mijn overzicht foutief blijft (12,745% i.p.v. ±35% op 31/12/25) en wanneer dit gecorrigeerd wordt.
Indien ik geen inhoudelijk antwoord ontvang, zal ik dit dossier escaleren en een formele klacht indienen, aangezien het niet normaal is dat een klant met een positie van deze omvang geen handelingsmogelijkheid heeft én geen tijdige uitleg krijgt.
Ik verwacht uw antwoord binnen 24 uur.
Met vriendelijke groeten,
Pill R.
////
translate it |
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01-30-26 carib
“Kevin right now very much believes you can have growth without inflation,” former hedge fund manager Stanley Druckenmiller told the FT in an interview on Friday. Warsh has been a partner at Druckenmiller’s family office since 2011.
“He’s very open minded to the so-called Greenspan view back in the late ’90s given what’s going on and given the productivity,” Druckenmiller added, referring to former Fed chief Alan Greenspan, who presided over the growth era that preceded the financial crisis. “I think he’ll handle it appropriately.”
|
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01-30-26 spal
FECCF
FRONTERA ENERGY CORP
6.45 (+32.99%)
Still buying
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01-30-26 spal
Implied fair value (post-close)
Add the two components:
Cash distribution: C$7.18
Residual infrastructure value: ~C$9–10
👉 Implied post-transaction equity value:
≈ C$16–17 per share
5. What does that mean for FECCF (OTC)?
FECCF trades as the USD OTC equivalent of TSX:FEC.
At ~0.74 USD/CAD FX:
C$16–17 ≈ US$11.85–12.60 per share
👉 FECCF post-transaction fair value: ~$12 USD
My analysis of Frontera deal - long time position.
Frontera Energy (TSX: FEC) is getting out of the upstream business. The company this morning announced that it has reached an agreement to sell their subsidiary Frontera Petroleum International, which consists of the firms entire Colombian upstream business.Included in the sale are all of the company’s oil and gas exploration and production assets within Colombia, along with their reverse osmosis water treatment facility and the palm oil plantation. The assets are set to be sold to Geopark Limited at an equity valuation of $400 million, of which $375 million is to be paid up front and $25 million is set as contingent payments that are payable upon certain milestones.That price tag is said to have a 25% premium to the 90-day volume weighted average price and a 18% premium to the current equity valuation of Frontera, despite just focusing on the E&P assets of the company.As part of the arrangement, GeoPark is also to assume obligations under Frontera’s $310 million in outstanding 2028 unsecured notes, as well as $80 million under the Chevron prepayment facility. Total implied valuation for the assets as a result sits at $622 million.The transaction as a result will see Frontera transition to an infrastructure company, with major assets moving forward to include the Puerto Bahia multimodal maritime terminal in Colombia, and a 35% interest in the 300,000 bbl/d ODL pipeline. The company at the same time will be retaining interests in Guyana and certain non-Colombian assets. 2025 distributable cash flow of approximately $77 million is expected from this asset base.“Following an exhaustive review of the Company’s alternatives, we believe this Transaction crystallizes value for shareholders at an attractive premium for our Colombian E&P assets, converting exposure to oil prices into cash, and retaining upside through a standalone Infrastructure Business,” commented Orlando Cabrales, CEO of Frontera.Upon completion of the transaction, Frontera says it intends to distribute to shareholders $370 million, or C$7.18 per share, the details of which are being finalized.The transaction is currently expected to close in the second half of 2026, subject to shareholder approval.Frontera Energy last traded at $6.58 on the TSX. |
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01-30-26 carib
| To explain better: it is IMHO perfectly acceptable to have people saying the desirable inflation goal should be 0%, and others arguing that a 2% inflation target is preferable.. always remembering that markets and "animal spirits" have their own behaviours anyway, and the practice never fully corresponds to the theory. |
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01-30-26 carib
Savo: with due respect, that is your very personal political opinion, nothing to do with "competence".
Other people have different opinions and priorities.
That is the beauty of freedom of choice between different paths.
"incompetent" is a person who makes choices that results in outcomes opposite to the desired ones, not a person who desires different outcomes. |
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01-30-26 savo
absolutely pillz...
but .. still.. within fiat you have plenty of room of maneuver to conduct monetary policy.
when asked about the dollar in the recent Q&A... Powell said the dollar is not his responsibility. A dollar bill is a FED note.. how could he say that?
when asked about gold... he said he did not care about the price of gold?
So what does he look at to know if his policy mic is correct?
A competent Fed chairman would scrap the 2% inflation target and aim at zero inflation....would commit to never again use QE under any circumstance...would scrap too big to fail...and would let the market set interest rates.. or at least link them to the price of gold as Greenspan used to do until the dot coms blow out. |
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01-30-26 pillz
| when they established the fiat currency , every , even the biggest economic is ignorant , it is the system not the man .... |
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01-30-26 savo
| carib.. the guy studied law... and did some courses in economics.. another ignorant. |
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01-30-26 pillz
Yes, the moves in precious metals are striking. But looking across my screens, the picture elsewhere in global markets is relatively calm.
As we’ve been exploring this morning, the pullback in gold and silver prices come after some pretty ferocious rallies. Because of this, it hasn’t really taken much to shake them.
And while fellow havens like the yen and the Swiss franc are among the worst decliners against the stronger dollar today, they’re only down by 0.5% and 0.3% respectively as the dollar has pared its gains.
Market anxiety tends to play out in equities, but stocks across Europe are actually higher. US futures are pointing lower, but the indicated declines have been paring. Meanwhile government bond markets are quiet.
For now, what we’ve seen has been the result of a stronger dollar, with most of the action confined to the commodities space. |
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01-30-26 carib
| Warsh sounds like an intelligent and competent fellow. |
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01-30-26 pillz
Traders are adding slightly to their bets on rate cuts from the Fed now that Trump has confirmed his pick and yields have turned a little lower at the end of the curve.
The dollar has pared its advance.
Trump said he has “no doubt” Warsh will “go down as one of the GREAT Fed Chairmen, maybe the best.”
Warsh, who served on the US central bank’s Board of Governors from 2006 to 2011 and has previously advised Trump on economic policy, would succeed Jerome Powell when his term at the helm ends in May.
As Catarina Saraiva explains, if confirmed by the Sentate, Warsh will take charge of US monetary policy at a time when many economists and investors see its traditional insulation from elected officials as being under threat from the White House. Warsh aligned himself with the president in 2025 by arguing publicly for lower interest rates, going against his longstanding reputation as an inflation hawk.
Warsh’s selection doesn’t guarantee a change in policy. Interest rates are set by a majority vote of the 12-member Federal Open Market Committee, which is composed of seven Fed governors and five of the 12 presidents of regional Fed banks.
The FOMC held its benchmark rate steady this week after lowering it three consecutive times at the end of 2025, and rates remain well above where Trump has said he wants them. |
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01-30-26 pillz
President Donald Trump has just confirmed in a social media post that he is nominating Kevin Warsh to be the new Federal Reserve Chairman.
There’s not a huge amount of market reaction immediately, with this having been expected following earlier reports. |
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01-30-26 pillz
It’s been a wild morning in Europe and as the US comes in, it looks set to be only just getting started.
At the fore are precious metals, with gold and silver suffering their biggest sell-offs in years as their recent scorching rallies crumble.
Gold spot has tumbled as much as 8%, touching below $5,000 earlier in its biggest drop since 2013, while silver slid as much as 18% and remains on course for its worst day since 2020. Still, the metals remain considerably higher since the start of the year, up 18% and around 40% respectively.
Behind the retreat is a recovering dollar as traders anticipate the Trump Administration’s plans to back Kevin Warsh as the next Fed chair will equate to less support for deep rate cuts.
The biggest casualties in equity markets have been miners, with precious metal miners like UK-listed Fresnillo suffering the heaviest losses and US firms Barrick Mining and Agnico Eagle falling in the premarket.
Other mining stocks are also sliding as base metals join the retreat. And it all follows a day which began with an hour-long trading delay on the London Metal Exchange due to a possible component issue, causing confusing at the end of an intensely volatile week. |
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01-30-26 pillz
Not everyone is so pessimistic on gold, with UBS’s mining stock analysts pointing to underlying reasons as continuing to support the precious metal.
These include a move out of US assets, greater interest among institutional and retail investors and strength in physical demand.
The analysts have raised their price forecasts for the yellow metal to $5,600 an ounce by the end of the year, as well as boosting price targets for stocks like Fresnillo and Hochschild.
This is what UBS analyst Daniel Major has to say:
“While gold feels a ‘consensus long’ trade and we remain cognisant that no bull market lasts forever, in our view the macro logic for gold remains robust and we do not see the set-up for a bear market in 2026.” |
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01-30-26 pillz
Volatility has ticked up today with Wall Street’s fear gauge heading towards the key 20-point level.
This is a psychologically-important level on the VIX which tends to signal rising stress in markets. The last time the index topped 20 points was around 10 days ago, when worries over tariffs and a selloff in Japanese government debt rattled investors.
We’re still not quite there on the VIX, but the sharp moves in metals markets are likely ruffling a few feathers. |
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01-30-26 pillz
The pain is spreading to precious metals miners over in the US premarket session, mirroring the declines seen across UK names like Fresnillo, Endeavour and Hochschild.
Newmont, the world’s top gold producer, has fallen as much as 10% in US premarket trading, with Barrick Mining down as much as 13% and Agnico Eagle Miners sliding 11%.
US equity futures are pointing to a grim start to trading overall on Wall Street with contracts on the S&P 500 down 0.9%. |
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01-30-26 hann
OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR part 591 GENERAL LICENSE NO. 46 Authorizing Certain Activities Involving Venezuelan-Origin Oil (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), including those involving the Government of Venezuela, Petróleos de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest (collectively, “PdVSA Entities”), that are ordinarily incident and necessary to the lifting, exportation, reexportation, sale, resale, supply, storage, marketing, purchase, delivery, or transportation of Venezuelanorigin oil, including the refining of such oil, by an established U.S. entity are authorized, provided that: (1) Any contract for such transactions with the Government of Venezuela, PdVSA, or PdVSA Entities specify that the laws of the United States or any jurisdiction within the United States govern the contract and that any dispute resolution under the contract occur in the United States;
except china, nkor, Ru, non usd etc
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01-30-26 pillz
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01-30-26 pillz
Stocks fell with Treasuries as Donald Trump’s administration prepared for the president to nominate Kevin Warsh to be the next Federal Reserve chair, a choice viewed as more hawkish than other contenders.
Gold slid 4% and the dollar gained as a person familiar with the matter said Warsh, one of the four finalists on Trump’s shortlist to be the next central bank leader, visited the White House on Thursday. Still, the selection isn’t final until the president makes an announcement, said a number of people, who requested anonymity to discuss matters not yet public. Earlier, Trump said he plans to reveal his pick Friday morning.
https://www.bloomberg.com/news/articles/2026-01-29/stock-market-today-dow-s-p-live-updates |
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01-30-26 pillz
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01-30-26 pillz
Factbox-UBS raises gold price target to $6,200/oz (and there is all the forcast from other houses )
https://www.investing.com/news/stock-market-news/factboxubs-raises-gold-price-target-to-6200oz-4475115 |
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01-30-26 pillz
Factbox-UBS raises gold price target to $6,200/oz (and there is all the forcast from other houses )
https://www.investing.com/news/stock-market-news/factboxubs-raises-gold-price-target-to-6200oz-4475115 |
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01-30-26 savo
btc approaching Saylor's knock out price..
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01-30-26 spal
On January 29, 2026, Panama's Supreme Court annulled a 25-year contract extension granted in 2021 to Panama Ports Company, a unit of Hong Kong-based conglomerate CK Hutchison Holdings (controlled by billionaire Li Ka-shing). The company operates two major container terminals—Balboa on the Pacific side and Cristobal on the Atlantic side—adjacent to the Panama Canal.
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01-29-26 spal
I don’t think today’s movement means a reversal for
the metals. We shall see..
===
That is very hard to tell - I simply try to take heavier exposure earlier on - that is the theory anyhow.
:) |
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01-29-26 carib
Norway’s $2tn wealth fund would lose almost a quarter of its equity portfolio value in the event of climate shocks and more than half would be wiped out by a correction in AI valuations, its latest modelling shows.
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01-29-26 carib
| Nice to see bitcoin losing steam... |
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01-29-26 leopardo
I don’t think today’s movement means a reversal for
the metals. We shall see.. |
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01-29-26 panasonic
Spal, try to stay solvent ;-)
Economic metrics will run similar to airline fares, no profits in coach, first class covers whole flight expenses.
As long as coach people are ok with coke and pretzels we have a chance to arrive to destination, if they riot we all go down. |
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01-29-26 carib
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01-29-26 pillz
| that a good day for jnug -44 points :-) |
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01-29-26 pillz
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01-29-26 pillz
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01-29-26 spal
| Reducing metals exposure. |
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01-29-26 pillz
| interesting gold go, up, like crazy , but jnug go down to my average calculation :-)) |
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01-29-26 spal
AI is likely to magnify prosperity, but it will also magnify risks, and it cannot fundamentally change human nature. A better description of what AI will create is leverage in the economic, political, and military realms. What nations choose to do with that leverage will determine the future. Technology cannot, and does not, erase incentives, undermine money, or invalidate scarcity. It only changes the terrain on which human beings pursue them.
https://thedailyeconomy.org/article/even-elons-techno-utopia-wont-make-money-meaningless/
Panas - yes agreed, not so fast ... it will be a bubble, that is all. |
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01-29-26 panasonic
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01-29-26 panasonic
| PBR one day one dollar... |
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01-29-26 panasonic
Spal, not so fast...meta and googl are doing more than ok.
Aapl reports today, will market punish for staying on the sides? |
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01-29-26 spal
| The AI and Bitcoin trades are now on the ropes. |
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01-29-26 spal
In commodities, Brent crude futures hit $70 a barrel for the first time since September after US President Trump warned Iran to make a nuclear deal with the US or face military strikes far worse than the attack he ordered last June.
Copper surged by the most in more than 16 years, surging about 6% and earlier hitting a record above $14,000 a ton as metals extended a dramatic start to the year, fueled by a wave of intense speculative trading in China. Spot gold also crossed $5,500/oz for the first while silver briefly surpassed $120/oz, extending its year-to-date advance to around 63%.
===
Probably start exiting some metals positions today - rotating to energy and rate sensitive (curve steepening) schtocks |
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01-29-26 panasonic
Spal, Savo
UBI theory stronger than ever, we can sit in performing assets during transition. |
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01-29-26 spal
BlackRock Inc.’s Rick Rieder — an advocate for more aggressive rate cuts — has emerged as a top contender to replace Jerome Powell as Fed chair later this year.
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01-29-26 spal
| Bullion jumped as much as 3.3%, building on a 4.6% leap in the previous session – the biggest one-day gain since the height of the Covid-19 pandemic in March 2020 |
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01-29-26 spal
There are plenty of voices warning that the spectacular gains in metals have run ahead of real-world demand. There’s likely a “technical adjustment” coming as physical buyers in China balk at higher prices, Goldman Sachs Group Inc. co-head of China equities Trina Chen told Bloomberg TV on Wednesday.
... watch margin adjustments on Comex or the Shanghai exchange |
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01-29-26 spal
“This is all driven by speculative funds,” said Yan Weijun, head of nonferrous metals research at Chinese trader Xiamen C&D Inc. “It’s likely all Chinese money given the surge is in Asian hours.”
Prices gained as much as 7.9% to trade above $14,000 a ton for the first time ever. The industrial metal, which is used in almost every electrical application, has risen about 25% since the start of December.
Iron Ore, Zinc, Aluminium starting to move also. |
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01-29-26 savo
| the world running away from the fiat fiasco... des-fiatization |
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01-29-26 spal
| Metals moving large in overnight trading. |
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Board
