Jimco Inc.’s Post

Wall Street is growing increasingly bullish on the metal, with veteran analyst Jeff Currie, who for decades was the face of commodities research at Goldman Sachs, saying on Friday that copper is the best trade he has seen in his career. “China construction was one of the big drivers of the commodity boom in 2010,” said Sam Berridge, a portfolio manager and resources analyst at Perennial Investments. “So this is the next leg of commodity demand coming into the sector, and it’s a big one.” Investor enthusiasm has also spilled over to precious metal markets, with gold jumping as much as 1.1 per cent on Monday to hit a record $US2440.59 an ounce. It comes as traders boosted bets that the US Federal Reserve could cut interest rates as early as September after data released last week showed inflation eased more than expected in April. That caused the US dollar to fall and Treasuries to rally, boosting the precious metal’s price. Tesoro Gold $TSO Culpeo Minerals $CPO #drilling #discoveries #mines

Our transition metal exposures that we have had for 18 months are boosting our returns. We have not waited for Wall Street to be bullish ! We have over 20 pct in uranium, 25 % in copper and 10 pct in gold , silver and aluminium. We also anticipate a forthcoming rally in oil. We are entering a decade of commodities strength. Www.anaconda-invest.com. FOR PROFESSIONAL INVESTORS ONLY. 🚀🚀🚀

Copper Has Hit its Target! 🎯 Will the Bullish Momentum Push for More Gains? 📈 Check out all the details in our copper outlook and get the inside edge on the technical analysis. 🔍 https://lnkd.in/dB2ewmgQ Happy Trading! 🚀 Commodity Samachar Securities We Decode the Language of the Markets 🌐 #copper #copperprice #trader #trading #marketupdate #marketanalysis #marketnews

Surge in COMEX Copper Futures Triggers Unusual Trading Activity and Price Discrepancies In recent months, the trading volumes for copper futures on the US-based commodities exchange COMEX have experienced a significant surge. This surge has been propelled by a noticeable price gap between COMEX copper and copper traded on the London Metal Exchange (LME). The resulting arbitrage opportunity, where traders capitalize on the price disparity by buying low on the LME and selling high on the COMEX, has sparked a flurry of trading activity, culminating in a short-squeeze scenario in mid-May. While this trading strategy is not uncommon in the metals industry, the scale and pace of the recent price discrepancy and ensuing trading frenzy are extraordinary. This situation underscores the interconnected nature of global commodities markets and the substantial influence that large capital influxes can exert on pricing and market dynamics. # Thank you Hikari Nakamura for your submission!

What are the differences between the LME and other commodities exchanges? https://lnkd.in/dbmiNry6 In the vast landscape of commodities trading, different exchanges offer distinct advantages and characteristics that cater to the needs of market participants. Among these, the London Metal Exchange (LME) stands out as a unique marketplace specializing in metals trading. But how does the LME differ from other commodities exchanges, and what sets it apart in the world of commodities trading? Join us as we explore the differences between the LME and other commodities exchanges, uncovering the key distinctions that shape the dynamics of the marketplace and influence trading strategies. Specialization in Metals Trading One of the primary differences between the... #steelprice #steel #iron #steelnews #news #steelmarket #market #industrialnews #LME #HKEX #Londonmetalexchange #metal #metalexchange #investment #investing #stock #stocks

🚨 The Copper Price struggles to break the key resistance! ⚒️ What's next for the metal's prices? 📉🔍 Find out by reading our copper outlook and diving into the technical analysis 📊. https://lnkd.in/dns6RbMQ 💼 Happy Trading! Commodity Samachar Securities We Decode the Language of the Markets 🌐 #copper #copperprice #marketupdate #marketanalysis #marketnews #trader #trading #

What are the differences between the LME and other commodities exchanges? https://lnkd.in/dbmiNry6 In the vast landscape of commodities trading, different exchanges offer distinct advantages and characteristics that cater to the needs of market participants. Among these, the London Metal Exchange (LME) stands out as a unique marketplace specializing in metals trading. But how does the LME differ from other commodities exchanges, and what sets it apart in the world of commodities trading? Join us as we explore the differences between the LME and other commodities exchanges, uncovering the key distinctions that shape the dynamics of the marketplace and influence trading strategies. Specialization in Metals Trading One of the primary differences between the... #steelprice #steel #iron #steelnews #news #steelmarket #market #industrialnews #LME #HKEX #Londonmetalexchange #metal #metalexchange #investment #investing #stock #stocks

Copper futures on the Comex exchange have seen a sharp rally, with the July contract trading at a record premium over later months. Michael Cuoco from StoneX discusses the implications of this short squeeze and the potential strategies for market participants. Learn more about the current state of the copper market and the factors to watch. https://bit.ly/4bnxbpR #StoneX #copper #basemetals

Gold hedging against commodities markets have a positive correlation. Gold hedging against oil, stock and bond could serve as assets and equities hedging. Gold hedging (/safe haven) has abilities of gold against stocks. The commodities hedge for markets, has no systemic or asymmetric risk for gold to stock markets, or stock returns to gold prices changes. The gold and stock nexus against commodity, gold as a hedge (/safe haven) has a low beta. Gold prices do not comove with stock prices. Rendering gold hedging against commodities. Precious metals are constrained by market conditions. Gold hedging is considered against the stock. Employing hedging assets (a hedge/ safe haven) for markets. The stock returns to gold price changes are nonhomogeneous.

Bob Haberkorn, Senior Commodities Broker at RJO Futures, said Friday’s dramatic selloff was driven by fears of a recession following the weak U. S. job report. “I think if anything, there's an opportunity right here to buy gold,” he said as the yellow metal’s spot price traded near $2,420 per ounce. “I think they're throwing the baby out with the bath water.” Haberkorn said he didn’t see gold’s sharp drop as evidence that traders were taking short positions. “I think it's profit-taking, stops getting triggered,” he said. “As well, there could be people having some margin issues across the board in equity-type accounts, so they're liquidating everything. I think that's what this whole move is all about.” “If you look at the headlines and what's going on in the world at this moment, gold is a safe haven asset,” he added. “It should be trading higher.” Haberkorn said he expects gold to trade higher into the weekend, and to pick up wherever it leaves off on Monday. “In the next week, I would not want to be selling gold,” he said. “People are looking to get out of stuff heading into the weekend. There is a lot of risk this weekend with Iran and Israel. This selloff looks way overdone to me.” “I think we'll see gold higher in the next week, just because I think it'll flip after today's selloff,” he added. “I think the reality sets in, you get the flight to safety in this market here. The fear of recession and weak jobs number alone should be pushing gold higher, and it continues higher next week to take out that $2,500 level again.” #gold #kitco #rjofutures https://lnkd.in/gFZr4aE6