Commodities

The Brent oil price fell again last night, another percent to $47.48 as I write.

Here are the iron ore charts for September 14, 2015: Spot down sharply with Dalian hinting at more falls today.

Big iron ore not having much fun today with RIO and BHP down half a percent but FMG is better up 2.5%: Idiocy spreads continue to close: And juniors to die.

From the Motley Fool: A frustrating aspect of investing is when external factors affect the financial performance and share price of a company in which an investment has been made.

According to the AFR, iron ore is defying the doomsayers: UBS mining analyst Glyn Lawcock says the latest trading band is at odds with most market commentators, who were been tipping a fall back below $US50 a tonne.

While I was away Brent oil bounced around but ended up pretty much unchanged at $48.15.

Here are the iron ore price charts for September 12, 2015: Spot is unchanged on Friday’s holiday.

by Chris Becker First a quick technical update, because in Asian trading, the WTI futures contract has fallen below critical support, a signal that City and then US traders will run with further short positions tonight:   What’s behind the move is two-fold.

by Chris Becker From renowned China bear Jim Chanos comes this missive regarding LNG: Chanos’ view ties in almost exactly with the MB playbook.

by Chris Becker There’s a trouble abrewing in the commodity space today and one that could be a Minsky moment for Glencore.

By Leith van Onselen After last month prophesying the commodities super cycle death spiral, Barclays has returned with another report forecasting prolonged falls in Australia’s terms-of-trade and mining investment.

by Chris Becker In the wake of the almost finalised Iranian/US nuclear deal – opposed only by some wingnut Republican senators – there have been two recent developments in the Middle East that could shake up the LNG global pricing and supply complex, and in particular US shale gas.

By Leith van Onselen Following the CBA last month pulling out of its role as financial adviser, Adani’s controversial $16 billion Carmichael thermal coal mine has been dealt another blow, with one of its two big external customers – Korean giant LG – confirming that it will not purchase coal from the project.

by Chris Becker I don’t know where to begin when a political leader makes statements like this.

by Chris Becker Earlier this year as we watched the decline in oil prices, from over $100USD to less than $45USD per barrel for WTI crude, I cautioned that oil has a history of being extremely volatile on the up and downside and investors should not discount a 20-50% from that low.

Given the size of last night’s moves in the US and commodity markets, big iron ore and gas is behaving with veritable sobriety undoing only a small portion of recent damage.

Here are the iron ore charts for August 27, 2015: Tianjin benchmark firmed a little to $53.30.

Big iron is kind of off the canvas today with RIO down marginally and BHP as well as FMG up 1%: Idiocy spreads are still closing but it’s slowed right down.

A number of readers have asked me at various times whether now, or now, or now, is the time to buy beaten down mining and LNG stocks.