Category: Copper
The analysis published under this category are as follows.
Saturday, March 04, 2017
Copper Confirms the Negative Outlook for Precious Metals and Crude Oil / Commodities / Copper
By: The_Gold_Report
Looking at the charts, technical analyst Clive Maund sees copper "riding for a fall."
We have already observed how oil and precious metals are looking set to turn lower, especially oil, and the medium-term bearish outlook for these commodities is confirmed by the negative setup that we will now examine on the latest charts for copper. Ordinarily we are not all that interested in copper, because there are few suitable trading vehicles we can use to play it, so our interest is mainly due to its implications for other markets.
Saturday, February 11, 2017
Dr. Copper on Call for Gains / Commodities / Copper
By: Mike_Paulenoff
Copper (made a new 18-month high on Friday, breaking out of a 10-month sideways bullish digestion zone that formed atop its 5-year down trendline at 2.48. Copper is poised for upside continuation to 3.00 next.
Let's notice that the strong recovery in Copper has coincided with a powerful upmove in 10-year Yield (lower chart).
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Friday, November 18, 2016
Copper - When the Pendulum Swings / Commodities / Copper
By: The_Gold_Report
Precious metals expert Michael Ballanger equates the position of the financial markets to that of a protagonist in a classic horror story and reflects on recent moves in the copper market.
One of the greatest pastimes I enjoyed as a youth was reading books, and until adolescence, when I began to focus on history, my favorite reading genre was horror. Mary Shelley's "Frankenstein," Bram Stoker's "Dracula,” and "The Mummy" by Anne Rice were all books that resided in the bookshelf in our family room.
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Saturday, November 12, 2016
Copper Price Forecast – Is Copper Ready To Start A New Bull Market In 2016? / Commodities / Copper
By: InvestingHaven
We have covered the copper market extensively in recent weeks. As the price of copper has truly gone balistic this week, it justifies another commentary with our view on where exactly copper stands, and where it can go from here. In other words, is the copper price forecast that bullish that it suggests a new bull market has started in 2016?
MarketWatch is one of the few media outlets that provided some (positive) coverage on copper today. Their article implicitly suggests a bullish copper price forecast for the remainder of 2016: “Copper futures, meanwhile, saw a weekly climb of nearly 11%, which was the largest in over five years, as traders bet that policies expected to be pursued by Republican Donald Trump’s administration could feed demand for industrial metals.” Though fundamental data, as brought forward in their piece, does not carry too much value in our opinion, we agree with their viewpoint.
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Wednesday, June 22, 2016
Are Copper and China Stocks Set to Rally? / Commodities / Copper
By: The_Gold_Report
Technical analyst and newsletter writer Clive Maund explores the link between an anticipated copper rally and an upswing in Chinese markets.
Thursday, March 03, 2016
What Is Copper Telling Us? / Commodities / Copper
By: Dudley_Baker
I am going to keep this piece, short and sweet as I believe the charts below will speak volumes about where we are in these markets and more importantly, where we are heading.
The world seems to be on the verge of a meltdown but, if so, why are some of the commodities telling a different story?
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Tuesday, February 23, 2016
Copper: The Next Metal Set To Rise After Gold? / Commodities / Copper
By: InvestingHaven
The copper market is getting excited! After a drop of +50% since it peaked in 2011, copper has basically gone only one way, i.e. down (just not in a straight line).
Now, copper is showing a similar setup as gold two months ago, right before gold rose sharply higher. Copper’s chart setup makes it very interesting, because sentiment is so negative nowadays: economic growth is slowing (driven by China), the interest rate hike was followed by talks about coming negative interest rates, companies are reporting rather poor earnings, manufacturing data are not very encouraging, … The list is endless, so everyone and his uncle is convinced that copper can only go one direction, i.e. down. That’s exactly the moment when magic happens in markets, as prices tend to move in the opposite direction, but that’s only a benefit for the sharpest investors as 99% has given up already.
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Saturday, January 30, 2016
The Curious Case of Copper... / Commodities / Copper
By: Clive_Maund
I recently watched a movie called The Curious Case of Benjamin Button which some of you may have seen. In this film the lead role, played by Brad Pitt, is born as a decrepit old man and gets steadily younger until he eventually died of old age as a baby. To say that it's ridiculous is the understatement of the millennium. Yet many people come away from watching this film thinking "How wonderful, if we all kept getting younger!" As a contrarian I instead found myself wondering about the catastrophic effect on the cosmetics industry, as the market for anti-aging creams would collapse.
Sunday, November 22, 2015
Long Dollar Trade and Current Copper Price Below Cost of Production / Commodities / Copper
By: EconMatters
Long Dollar Trade
Thursday, November 12, 2015
Copper Monthly, Aussie Jobs Soar, but Capex far from Done / Commodities / Copper
By: Ashraf_Laidi
It's not the first time an Australian jobs report shows employment growth rise five times more than expected. Whether it will be revised downwards or not, it is undoubtedly reflecting partial strength in the nation's labour market. Australia added a net 58.8K jobs in September; over four times expectations, the highest increase in 3 ½ years and the 3rd biggest jump over the last 15 years. Remarkably, 40K of the 58.8K increase emerged from full time jobs, while only 18.6K was from part time employment. The 231.7K increase jobs in the first 10 months of the year showed the its biggest annual gain since 2010.
Thursday, October 08, 2015
Dr Copper Back from the Dead - Time to Buy or Blink / Commodities / Copper
By: Sol_Palha
Anxiety is a thin stream of fear trickling through the mind. If encouraged, it cuts a channel into which all other thoughts are drained.Arthur Somers RocheOnce upon a time, in the good old days, before QE changed everything, any signs of strength from copper could be construed as a sign that the economy was on the mend. After QE, this story came to an end, and a new reality came into play. The Fed manipulated the markets in favour of short-term gains through what could be determined as borderline illegal monetary policy; a policy that has maintained an ultra-low interest rate environment that favours speculators and punishes savers.
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Sunday, September 20, 2015
Copper Bear Market Rally Underway / Commodities / Copper
By: Austin_Galt
Copper has rallied recently and I believe this to be the start of a significant bear rally. Let's analyse the technicals of the daily, weekly and monthly charts.
Thursday, August 27, 2015
Chinese Medicine not Impressing Dr Copper / Commodities / Copper
By: Dan_Norcini
Dr. Copper apparently does not approve of the prescription ordered by the Chinese authorities to stem the slowdown in that nation, namely another 25 basis point interest rate reduction and a lowering of bank reserve requirements.
The red metal cannot sustain any upside action for long before sellers emerge to whack it again.
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Tuesday, August 18, 2015
Dr. Copper is Speaking, are you Listening? ... / Commodities / Copper
By: Rambus_Chartology
Copper is an important commodity when it comes to the health of the world economies and how it does often reflects how strong or weak the economy is. Its been awhile since we took an indepth look at Dr. Copper to see how healthy it is so tonight we'll look at a few charts starting with a daily look.
The daily chart for Copper is showing it has completed a double headed, double H&S top, which is having a somewhat ugly breakout and backtest of the lower neckline #2. The smaller H&S #1 was picture perfect complete with a small blue expanding falling wedge for the left shoulder and a blue bearish rising wedge as the right shoulder. H&S #2 was very symmetrical as shown by the neckline symmetry line which shows the height for the left and right shoulders. Outside of the messy breakout and backtest, which happens sometimes, this chart is still very bearish looking.
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Friday, March 06, 2015
China Copper Con / Commodities / Copper
By: Richard_Mills
If you needed upwards of 50ml tonnes of copper over the next 5 years, and had very little production of your own, what would you do?
I'm thinking you'd manipulate the market like crazy trying to get everyone to believe there's a huge surplus instead of a major deficit.
How would you do it? Well, we can look at the last time the Chinese manipulated the copper market - they invited every analyst they could find and invited them to China. Showed them all a few warehouses stacked with copper to the roof. Why there was so much copper the ground was compacting said one guy, another said the stacks were falling over like dominos. The world bought the surplus story, swallowed it hook line and sinker. Headlines screamed 'China Has Enough Copper!'
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Sunday, February 22, 2015
Copper Commodity Price Technical Outlook / Commodities / Copper
By: Austin_Galt
Copper got a bit of press attention recently with headlines of a plunge in price. This was in early January and I hadn't looked at the copper chart for a few days and I was gobsmacked when I did. A plunge they say?! What a load of baloney!! If that was a plunge then they are in for a big shock later this year if my analysis is correct.
But let's not get ahead of ourselves. Let's start with the small picture and then come back to the big picture which will reveal the likely shock in store.
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Thursday, December 25, 2014
The Chinese Copper Elephant / Commodities / Copper
By: Richard_Mills
Wood MacKenzie sees stronger prices for copper.
Read full article... Read full article..."Over the last 10 years, copper's annual average growth rate in demand has been 13% for China. The annual growth rate over the next five years is going to be 5%. Over the last 10 years, average annual copper consumption has been 600,000 tonnes, and going forward it's going to be 500,000 tonnes..." - Northern Miner
Saturday, September 27, 2014
The Global Middle Class and Copper Consumption, A Stop Spike Event / Commodities / Copper
By: Richard_Mills
Population growth reports say we can expect, barring WW lll or a virus like Ebola going airborne, upwards of 11.4 billion people on the planet by the 2060s. There's just over 7 billion of us now. A possible 50 percent plus gain in our numbers over such a short time is going to put enormous strain on our abilities to source the needed inputs for survival let alone bring those in the developing world up to the same level of amenities that we in the developed world have or expect to obtain.
Rising global scarcity of minerals - the metals our industrial and connected society uses every day to sustain its lifestyle - is a subject we will all become very familiar with. That's because there's no getting around the fact we live on a planet with a finite resource base and a growing population.
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Monday, June 16, 2014
This Metal Problem Could Ignite China's Smoldering Economic Crisis / Commodities / Copper
By: Money_Morning
Peter Krauth writes: China is about to step on the gas and boost bank lending once again.
That's despite both the IMF and World Bank thinking it's unnecessary.
But concerns of China's growth moderating and housing prices dropping 5% this year aside, this might be the real reason for renewed easing:
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Thursday, April 17, 2014
Copper Is Pathological and Suffers from SAD, but It Has Value / Commodities / Copper
By: The_Gold_Report
Dr. Copper may be in a supercycle, but there are serious problems. In this interview with The Gold Report, Salman Partners' Vice President of Commodity Economics Raymond Goldie explains why even though the base metal acts pathologically and has a bad case of seasonal affective disorder, these six equities are priced below their intrinsic value.
The Gold Report: You are giving a presentation at the Society for Mining, Metallurgy & Exploration Current Trends in Mining Finance Conference called Diagnosing the Doctor, which refers to assessing the supply and demand problems for Dr. Copper as a way to understand what is ailing all the mining products today. Are we in a supercycle? What is the meaning of a sustainable supercycle?
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