Interesting that Jackson highlights IAG LN this morning, as I posted elsewhere on DAL US Delta Airlines the stock had been climbing since Dec 3rd putting 6 positive sessions out of ten in the interim. The stock may have found its near term ceiling have closed down by -0.18% on Tuesday.

Though I don’t think we can complain too much after a…[Read more]

IG Group IGG LN stand out on the Broad European smile this morning, I note.

I know I keep writing about metals, but that’s where the action and the interest is at the moment.

Take this chart for example, published by Bank of America and highlighted by Ole Sloth Hansen, Saxo’s commodity strategist.

What is tell us is that silver is at a relative valuation to oil, that we haven’t seen since 1980.

What’s particu…[Read more]

I am going to mention a speculative situation today rather than something with investment credentials . The reason for this is that the stock keeps triggering alerts and making bullish noises on my screens and systems so I don’t feel I can ignore it

Gerresheimer Ag GXI GR Is a German manufacturer of packaging products for medication and drug…[Read more]

Freeport Mcmoran FCX US continues to edge higher adding another +3.68% yesterday.

In fact, the stock is up by +13.43% over the last month and has posted 8 new 1- month highs in that period.

In the table below you can see how the stock has traded since late November green days clearly out numbering red in this period.

This is sort of…[Read more]

Bank of America’s Flow Show report is published on Fridays and is always a good way to round off Friday afternoon (if you weren’t invited to lunch that is).

Its packed full of useful titbits and nuggets of information, such as the charts below: which tie in nicely with, and support, some of my recent posts, and the thinking behind them.

Freeport Mcmoran FCX US is moving nicely higher today up by +2.60%. Those gains follow on from a +3.63% gain, posted on Wednesday.

Spot copper is up +3.52% on the week and has printed at $5.40 per pound today .

The icing on the cake would be a weekly close in FCX above $45.85 but lets not count our chickens just yet.

How interesting to compare and contrast the relative positioning of Ocado OCDO LN on the Broad Europe smile at 8.17 am this morning, and again at 1.55 pm this afternoon.

Enthusiasm has waned ,as traders reflect on the idea of compensation vs an ongoing relationship with U$ supermarket chain Kroger.

And we can see how the stock transitioned,…[Read more]

Nice to see some of the US oil names I highlighted recently, coming to the party.

APA Corp (APA US ) are up by almost +8.80% over the last 5 days for example, Diamond Back (FANG) have added +6.60%, and Devon Energy, a somewhat more pedestrian +3.61%.

However, they’re all ahead of the S&P 500 Energy sector which is up by just +2.89% in…[Read more]

Interesting to note that Freeport McMoran bounced by +3.63% yesterday, having traded up to $45.09 on the day.
Copper and copper stocks remain in the mix with Citigroup writing positively on both Glencore and BHP today. The bank is neutral on BHP though they have a tactical short term view on the long-side but they are buyers of Glencore .

This graphic took my eye (see below) as it looks at possible power shortages, arising from the near insatiable demand of data centres.

And of course this feeds back into the story about copper from earlier this morning.

In this instance, if the data is correct, there is an expected shortfall between power demanded and that available, near…[Read more]

The FT writes today on structural challenges in the copper market that are driven by increasing demand from data centres and electrification, and a paucity of future supplies, particularly at scale,

its quite a lengthy piece but worth seeking out by searching ” The hunt for copper to wire the AI boom”.

This quote is typical of the tone of…[Read more]