Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>The Silver euphoria is over In the past two weeks, I have spoken to many people who are euphoric about silver.</li><li>Many charts on Fintwit also predict that now is the time to jump back on the silver bandwagon.</li><li>I believe that the next bubble could soon run out of steam, and this is not only true for gold.</li></ul>

The Silver euphoria is over In the past two weeks, I have spoken to many people who are euphoric about silver.Many charts on Fintwit also predict that now is the time to jump back on the silver bandwagon.I believe that the next bubble could soon run out of steam, and this is not only true for gold.

The Silver euphoria is over // Why crude oil continues to fall

Asia biased macro & technical analysis, Untying The Gordian Knot

Untying The Gordian Knot

Asia biased macro & technical analysis

A differentiated process with a primary focus on Asia. Technical Analysis as core and Macro drivers that could bring the view to fruition & changes that could make the idea fall apart. The objective is to be the best in class, hence corner shop.

<ul><li>We review some charts, starting with commodities that are precariously close to signalling a breakdown.</li><li>The weakness became pronounced after China's PPI, CPI, and the disappointing Aggregate Finance data (this needs a separate section).  </li><li>If China's recovery continues to be disappointing, then the deflation of exports and a long position on commodities will be a big problem for the rest of the world.</li></ul>

We review some charts, starting with commodities that are precariously close to signalling a breakdown.The weakness became pronounced after China's PPI, CPI, and the disappointing Aggregate Finance data (this needs a separate section).  If China's recovery continues to be disappointing, then the deflation of exports and a long position on commodities will be a big problem for the rest of the world.

<ul><li>The wobbly first four months of the year are over, and it has become easier to detect clear trends in the market.</li><li>As you can see, our YTD performance has clearly picked up, and we’re confident that we'll continue to clearly outperform the CRB Commodity Index.</li><li>Consultancy Datagro announced on Thursday that Brazil's center-south region is anticipated to have a sugar output of 38.3 million tonnes in the current season, which began in April.</li></ul>

The wobbly first four months of the year are over, and it has become easier to detect clear trends in the market.As you can see, our YTD performance has clearly picked up, and we’re confident that we'll continue to clearly outperform the CRB Commodity Index.Consultancy Datagro announced on Thursday that Brazil's center-south region is anticipated to have a sugar output of 38.3 million tonnes in the current season, which began in April.

While Commodities sold off - we made profits // Some relief on the sugar front

<ul><li>In its latest Commodity Markets Outlook report the World Bank said last week that global commodity prices are expected to decline this year at the fastest pace</li><li>The agency expects prices to fall 21% compared to last year during 2023.</li><li>For 2024 the World Bank expects prices to remain stable. </li></ul>

In its latest Commodity Markets Outlook report the World Bank said last week that global commodity prices are expected to decline this year at the fastest paceThe agency expects prices to fall 21% compared to last year during 2023.For 2024 the World Bank expects prices to remain stable. 

Recession fears scare commodities again & World Banks forecasts major drop

<ul><li>Don’t get fooled by the tight inventory narrative While many copper bulls continue to write about the low copper inventories I would like to inform you once again that there is simply no correlation between copper inventories and the price of the industrial metal.</li><li>If you want to be precise - you could even make the case that excessive lows in the LME copper inventory data actually mark cyclical highs in the price of the brownish metal.</li><li>US Leading Economic Index's recession signal deepens in March, Conference Board reports: “The US LEI fell to its lowest level since November of 2020, consistent with worsening economic conditions ahead,” says CB's senior manager for business cycle indicators.</li></ul>

Don’t get fooled by the tight inventory narrative While many copper bulls continue to write about the low copper inventories I would like to inform you once again that there is simply no correlation between copper inventories and the price of the industrial metal.If you want to be precise - you could even make the case that excessive lows in the LME copper inventory data actually mark cyclical highs in the price of the brownish metal.US Leading Economic Index's recession signal deepens in March, Conference Board reports: “The US LEI fell to its lowest level since November of 2020, consistent with worsening economic conditions ahead,” says CB's senior manager for business cycle indicators.

Don’t Get Fooled by the Tight Inventory Narrative - Economic Situation Continues to Worsen

United States

Silver is the metallic element with the atomic number 47. Its symbol is Ag, from the Latin argentum, derived from the Greek ὰργὀς (literally "shiny" or "white"), and ultimately from a Proto-Indo-European language root reconstructed as *h₂erǵ-, "grey" or "shining". A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining.

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Silver (SILVER COMDTY)

The Silver euphoria is over // Why crude oil continues to fall

The Silver euphoria is over In the past two weeks, I have spoken to many people who are euphoric about silver. Many charts on Fintwit also predict...

The Commodity Report

Commodity and FX Impulse Moves

If China's recovery continues to be disappointing, then the deflation of exports and a long position on commodities will be a big problem for the...

Untying The Gordian Knot

While Commodities sold off - we made profits // Some relief on the sugar front

As you can see, our YTD performance has clearly picked up, and we’re confident that we'll continue to clearly outperform the CRB Commodity Index.

The Commodity Report

Recession fears scare commodities again & World Banks forecasts major drop

In its latest Commodity Markets Outlook report the World Bank said last week that global commodity prices are expected to decline this year at the...

The Commodity Report

Don’t Get Fooled by the Tight Inventory Narrative - Economic Situation Continues to Worsen

If you want to be precise - you could even make the case that excessive lows in the LME copper inventory data actually mark cyclical highs in the...

The Commodity Report

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52-week Range

Market Cap (USDm)

P/E

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