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1141 days ago

Lithium miner Albemarle expects good quarter

Albemarle warned that it expects pricing to be down slightly, and forecast adjusted profit in the range of $3.25 to$3.65 per share for 2021. It earned a profit of $4.12 per share in 2020. In the lithium business, the company's largest, sales fell12.8% in the fourth quarter primarily due to lower contract and market pricing. On an adjusted basis, the Charlotte, North Carolina-based company earned $1.17 per share, beating estimates of $1.10 per share, according to Refinitiv IBES. Source: Yahoo

#Commodities

1141 days ago

Gold and Silver are diverging

The strength of silver has rarely been so evident, and seems to ignore the recent weaknesses in gold. Two metals that usually follow similar paths are splitting apart. 

#Commodities
Gold and Silver are splitting up

1141 days ago

ISM 'prices paid' hints commodities may have run too far

At current levels, commodity prices will have priced-in an ISM Prices Paid Index >90 by the end of Q1. >90 has only happened 2X: -June & July 2008 Back then, commodities fell 53% over the next 6 months. ISM New Orders minus Inventories peaked 6M ago. Prices usually follow.

#Commodities #Macro
ISM 'prices paid' hints commodities may have run too far

1141 days ago

Brent crude oil nears $65

Brent oil traded near $65 a barrel as a cold blast that’s taken out almost 40% of U.S. crude production morphed into a global supply shock. Futures in London rose 0.9% after closing at the highest in almost 13 months. The global crude benchmark earlier jumped above $65, a level it hasn’t reached since Jan. 21, 2020, before Covid-19 roiled energy markets. Source: Bloomberg

#Commodities

1141 days ago

Real yields continue to surge, dragging down gold...

Source: www.zerohedge.com, Bloomberg 

#Commodities
US real yields (inverted) vs. Gold
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