Ovvero: Pararsi un po' il cul* in questo pazzo pazzo mondo di carte filigranate, iperfinanza globalizzata e picco delle risorse

martedì 18 agosto 2015

Durden: Il rame fa capolino sotto i 5000 USD/ton

 

E Bloomberg dice che una miniera su 5 ora, in giro per il mondo, sta perdendo soldi. Soprattutto in Cina o tagliano la produzione o addirittura dovranno chiudere. 

Stessi martellamenti anche su alluminio, zinco, e nickel (e metalli preziosi ovviamente, argento in particolare martellato pesantemente e ridotto sotto quota 15 USD/oz, oro che invece è stato martellato meno ed è risalito in 1-2 ore sui 1115, platino che resta a ricchiare il culo a quota 1000 e Palladio che non vuole scendere troppo sotto i 600)



Zero Hedge - Base Metals Battered As "Unholy Combination Of Factors" Crushes Copper
Submitted by Tyler Durden on 08/18/2015

Copper (and aluminum) tumbled overnight as base metals were battered during an intense Asia session and losses are extending in European trading. 

As one trader noted "sentiment toward China is weak, the dollar is somewhat strong and there is an unholy combination of many factors keeping prices under pressure," and copper traded $4,999/mt on the LME - its first sub-$5000 print since 2009

Aluminum, nickel and zinc all tumbled also.

Copper back at lows not seen since 2009...



And the last few days have seen losses accelerate...


As Bloomberg reports,
The plunge in copper means almost one in five mines globally is losing money, Macquarie Group Ltd. said Monday.
Some mines, especially in China, will have to cut supply or close if prices stay so low, analysts led by Vivienne Lloyd wrote.

While disruptions in mining have reduced supply, it’s not been enough to support prices. Copper producers are likely to miss production targets by up to one million tons this year, according to Commerzbank’s Weinberg.

“This should provide a cushion for prices, but in reality it doesn’t,” he said. “The market seems much more concerned about the demand side. It’s very much about the sentiment of the market and that has been quite bad.”

7 commenti:

  1. https://www.facebook.com/AmericaTonight/videos/1009304295760153/?fref=nf

    RispondiElimina
    Risposte
    1. son d'accordo, che poi Manitù s'incazza!

      scherzi a parte, con 'ste quotazioni non l'apriranno di certo (per ora)

      Elimina
  2. BofA: forse alla fine la carneficina su commodity ed emergenti

    I gestori di fondi si stanno sbarazzando a ritmi record di qualunche cosa abbia a che fare con mercati emergent, energia e materie prime. Ma paradossalmente, riporta Marketwatch (gruppo Wall Street Journal) citando l’ultimo sondaggio tra I gestori di fondi condotto da Bank of America Merrill Lynch, ciò potrebbe voler dire che questi mercati sono prossimi a quella che in inglese si definisce “capitulation”.

    http://www.milanofinanza.it/news/bofa-forse-alla-fine-la-carneficina-su-commodity-ed-emergenti-201508191016287717

    RispondiElimina
    Risposte
    1. in particolare per la prima volta una grossa banca USA (sempre BoAML dice che l'oro ora è sottovalutato:

      Gold Is "Undervalued" For 1st Time In 6 Years, BofAML Says
      http://www.zerohedge.com/news/2015-08-18/gold-undervalued-1st-time-6-years-bofaml-says

      Elimina
  3. x Rufus:

    Prezzi grandi diamanti calano meno altri
    In sei mesi -3% contro -30% gemme più piccole

    http://www.ansa.it/sito/notizie/economia/2015/08/19/prezzi-grandi-diamanti-calano-meno-altri_0d26361b-95de-45ab-942d-fc0fbed0ee4a.html

    RispondiElimina
  4. Stati falliti come il Venezuela potrebbbero aggiungere pressione ribassista all'oro SE vendessero le loro riserve ?

    Venezuela is a case in point, say Citi analysts David Wilson and Aakash Doshi. The country gets more than 95% of its export revenue from oil, so the price collapse of crude could mean difficulties in making debt payments.

    Venezuela had 11.6M troy ounces of gold as of about one year ago, according to the IMF, roughly 68% of the country's reserves, says Citi.

    Most of Venezuela's gold, however, is located in Caracas thanks to then-President Hugo Chavez's order a few years ago to repatriate all of the metal held overseas. "No bank is going to take collateral for gold that's actually held in Caracas," says Aberdeen Asset Management's Edwin Gutierrez. In his opinion, there's a chance Venezuela could be desperate enough to sell, but not so much for other central banks.

    http://seekingalpha.com/news/2735596-citi-cash-strapped-nations-could-add-to-selling-pressure-on-gold

    RispondiElimina
  5. Bel "maritozzo" quello della foto! :)
    More gold!!

    RispondiElimina