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"A Canary in the Coal Mine"

Magnum

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Copper

Industrial Metals & Minerals

I've been saying for a few weeks now, watch Copper, and the its LME' inventories. Almost everyday for months now the LME inventory level for Copper has been rising,but the price for Copper has also been climbing. Read the headlines...Freeport McMoran,Brazilian and Mexican copper producers' all experiencing labor troubles. Yes the perfect storm one would think to reverse the trend of rising Copper inventories,but so far this is not the case. What is missing?...YES I see the arguement that so called "shovel-ready projects" are just starting to take hold worldwide,but will we even come close to the the precollapse construction levels,Dubai,the Tarsands,the U.S. housing market,etc.? Copper,will it be the card that starts the correction in base metals, and possibly commodities, and the World's stock exchanges?...my guess is Yes! Hamilton has a CU piece below,with charts... http://www.kitco.com/ind/hamilton/jan082010.html GLTA,Magnum

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China, the OPEC of Copper

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posted on 5/23/2012 11:42:03 AM | 1947 reads | overall quality: 4 | 1 comments | latest comment : 6/20/2012 10:32:53 PM

Hang on folks, if you are in the base metals area, more specific Copper, I predict we are about to witness another round of OPECish like manipulation of the Copper markets that will bring "long" traders to their knees and cry "Mommie"...in the months ahead,inventories of Copper creep higher, and Copper will break down below $3.00 USD$/lb.,perhaps much lower if the credit mark ...

CRB index falling off a cliff

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posted on 5/13/2012 8:02:09 PM | 1335 reads | overall quality: 3

http://quotes.ino.com/chart/index.html?s=NYBOT_CR&t=&a=&w=&v=dmax CRB index has taken a pounding lately as Oil has tanked about $10.00 USD$/Barrel on the WTI contract over the past 20 days or so... http://www.stockhouse.com/Columnists/2012/May/14/Next-big-problem-for-energy-producers Matt Badali on Oil... http://www.stockhouse.com/Columnists/2012/May/25/Oil-price-could-fall-an ...

Commodity SPECULATORS being PURGED...

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posted on 6/20/2011 4:09:07 AM | 3441 reads | overall quality: 4 | 4 comments | latest comment : 1/2/2012 6:15:50 PM

China attempting to purge speculators in the commodity trading area... http://www.bloomberg.com/news/2011-07-01/commodity-futures-trade-plummets-30-in-first-half-on-speculation-curbs.htmlFunds reducing commodity positions... http://www.bloomberg.com/news/2011-07-03/funds-slash-bullish-commodity-bets-to-one-year-low-on-slow-growth-outlook.htmlHere is one of the more useful sites for commodities IM ...

Australia 2011

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posted on 1/13/2011 6:03:41 AM | 2465 reads | overall quality: 4

Cyclone Yasi...http://www.guardian.co.uk/world/2011/feb/03/cyclone-yasi-queensland-damageBasemetal production...http://af.reuters.com/article/metalsNews/idAFL3E7D401A20110204?sp=trueTime for the Commonwealth to send aid to our friends Down under...hopefully Canada is one of the countries that "insists on sending aid" of all forms,clean water technology,air support,health people...whatever is neces ...

Canada's Oil Sands in 2011

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posted on 12/19/2010 1:02:13 AM | 2235 reads | overall quality: 3 | 1 comments | latest comment : 6/30/2012 6:55:07 PM

Canada is once again about to feel the financial benefits of the Oil Sands,(Billions in capital for maintenance, and infustructure)great wages, lower unemployment, taxes/royalty payments and the spread of wealth/income across our great nation.Yes Canada's Oil Sands employs tradespeople from coast to coast,some part time and others fulltime...the offshoots of direct employment in the Oil Sands are ...