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1193 days ago

Gold pops after Trump signs COVID bill then drops from $1900

Gold continues to react positively to signs of excess debt and money printing but sellers appeared to take control at the 1900 big fig

#Commodities
Gold pops after Trump signs COVID bill then drops from $1900

1197 days ago

Commodities reversing a 12-year downtrend? via @crescatcapital

A break above this 12-year downtrend line signals a possible trend reversal 

#Commodities
Commodities reversing a 12-year downtrend?

1198 days ago

Grains are breaking out

Source: The Daily Shot 

#Commodities
Grains charts

1199 days ago

Coal prices rally as Chinese demand surges

The seaborne thermal coal market is tight. 25m tonnes of Colombian production has been shortened this year. Demand in Asia started to pick up due to economic recovery. China has had a hard time meeting demand thus a supply crunch has pushed for imported coal. China has bought from producers in Indonesia, Russia, and South Africa. China is said to be the underlying source of the price increase over the past couple of weeks, increases seen in South Africa and Australia see graph, source: FT.

#Commodities
COAL CHINA SUPPLY CRUNCH

1199 days ago

China tops crude steel production

Stimulus in China and a low price for metallurgic coal (used to make steel), gave mills the flexibility to pay more for iron ore. China produces more than half the world's steel and has rolled it out at soaring rates. Crude steel output was 87.7 million tons in November up 8% YoY. The price of the steelmaking commodity could retreat in the year ahead with Chinese demand and supplies cooling off. The US and European Union show inverted bell curves for steel production in 2020, after a fall from grace seen by the US earlier this year. Source: WSJ

#Commodities #Macro
CRUDE STEEL CHINA USA EU
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