Tag:
commodities
Latest Headlines
Latest Headlines
Big banks ponder the effects of LME sale
Metals warehousing and trading exploded as a big issue last year as lots of corporate ends users voiced complaints about the high prices of metals and the practices of big LME members, most notably Goldman Sachs and JPMorgan.
Goldman Sachs has been roundly criticized for its warehouse prac
CFTC seeks widespread audits in wake of MF Global
Thanks, MF Global!
The commodities industry is not feeling a lot of warmth and fuzziness for the disgraced brokerage firm and its former CEO, Jon Corzine. The CFTC has apparently ordered every "futures commission merchants" to undergo an audit, to make sure that client money was not treated as
Goldman Sachs earnings lag expectations
Wow! While some banks--notably JPMorgan Chase and Citigroup--were able to deliver upside earnings surprises, Goldman Sachs did just the opposite. It reported second quarter earnings per share of $1.85, which sorely lagged analyst expectations of $2.27 a share. A year ago, the bank reported earning
JPMorgan, Goldman Sachs ensnared in warehouse wars
Goldman Sachs has been roundly criticized for its warehouse practices--recall that it owns Metro International, a 19-building structure in Detroit--and the effect they are having on metals commodities, especially aluminum. The London Metals Exchange, which is built on the idea of physical delivery
Metals warehousing is latest Golman Sachs controversy
The bull market in metals has been generating a lot of controversy recently, with much of it involving big banks.
Recall, for example, that JPMorgan recently had to deal with all sorts of snide rumors that it was seeking to corner the copper market. Much of the controversies involve ETFs that
Big debate breaks out over leveraged ETFs
We didn't hear much about commodity leveraged exchanges traded funds (ETFs) when the gold and silver bubble were inflating. But now that we're seeing a big deflation (when it comes to silver anyway), we're hearing a bit more about the general value of leveraged ETFs as an investing vehicle.
The big copper buyer mystery remains unsolved
The price of copper keeps going higher, another great example of the bull market in commodities and metals. Copper prices rose to yet another record high this week on the London Metal Exchange, as "speculation swirled about the identity of the trading house sitting on the large position at the LME
JPMorgan corners the copper market?
We've noted the controversy over exchange traded funds (ETFs) and whether they are becoming too powerful in certain commodities markets. The SPDR Gold ETF is certainly the prime mover in the gold market these days . The concern is that as demand for commodity ETFs rises, it forces the trustee t
ETFs pose systemic risks?
Remember when exchange traded funds ( ETF news) burst onto the scene? They were marketed as the wave of the future, a retail-friendly cross between mutual funds and stocks--a way to gain the benefits of both. They made a huge splash, and the ETF industry took root. Today, the industry's gro
Retail customers stream into bonds, avoid stocks
Some interesting trends from the trenches. It's been no secret that retail investors have fled the stock market over the past year. Some people blame the May 6 Flash Crash; others see the market as rigged somehow. And some say they are just being defensive, given the lack of the long-term growth i
