Monday 22 October 2018
Last 5 posts
17 October 2018
12 October 2018
Endgame - Chapter Five
11 October 2018
Endgame - Chapter Four
10 October 2018
Endgame - Chapter Three
09 October 2018
Endgame - Chapter Two
Endgame - Chapter Five
Endgame - Chapter Four
Endgame - Chapter Three
Endgame - Chapter Two
Endgame - Chapter One
A Minor Metal Merchant's Diary
Libor Lies: Part Two
Characters versus the Keyboard
Infrastructure Developments - Private or Public Enterprise?
Mustard Gas, Asda and Trump Tariffs
Summer Holiday Thoughts
2018 Letter from France
Farnborough - a place where aviation's past is alloyed to its future
Factoids and Asteroids
Energy Density and EVs
Red Notice - a Salutary Tale
Zollverein or Customs Union
Carrier of Fine Wine
Politicians, sanctions and corporations
Vodka for breakfast and a yellow Ferrari
EVs and Changing Behaviour
The Devil in the Detail
Market Change? And Oleg Deripaska
Nexus - or is the crown slipping?
I'm a Metal Trader; get me out of here!
Corn Laws and Donald Trump
More Market Mathematics
Was it Genius that Failed?
Oh, John McDonnell
Long Ago and Far Away
Mountains of Waste
2018 - Brighter Skies?
"Tax? As Flat as yer 'at."
One up to Trump
Banco Suivi and Strictly Come Copper Trading
Diggers and Gold Diggers
Tulip Mania? Buyer Beware?
A Sideways Look at Batteries....
Paradise and Tax
Returning Optimism - LME Dinner 2017
To Kill a President?
A Neophyte's LME Dinner
Court of Appeal Judgement Will Make Miners Listen
Letter from Hong Kong
The Capital of Metal
The LME Welcomes I/Bs
Ozymandias and Dzerzhinsky
We've Been Here Before
Why Do They Always Sell Options?
The Trump Metals Act
AK-47s and Salvador Dali
A Fanfare of Strumpets
Arsenic and Old Wallpaper
Tungsten and the Spooks
The Power of Trust
EVs and the Festival of Speed
Fish or Meat?
Leftist, rightist, populist?
A Not Very Expert Witness
Tanks for the Memory
Yippee! Another election!
Letter from France
The Chocolate Curtain
Politics Today - the Muhammad Ali Gambit
Marx, Metals and McDonnell
Powerwalls and Mobile Phones
Hi ho, hi ho, it's off to vote we go...
A Gin before Lunch
A Zambian Diary
From Ancient Oaks to Turbine Blades - it's a Material World
"Come on, England"
Gold, and Bitcoins
New Ring, Same Issues
What Price the Reference Price?
Old metal men never die, they simply melt away
Can Bending Spoons Help You Find Minerals?
Kings and Paupers of Scrap
Who'd be a Resource Economy?
The Trump Effect - and Black Swans
2016 - 1848 Revisited?
Sunflowers and Cuspidors
What do you want for Christmas?
Goodbye Baltic - Another London Exchange Goes East
LEADER OF THE FREE (TRADE) WORLD
Hedge Sales - Who and Why?
The LME Dinner 2016 - and God Bless America?
LME Dinner - the Past and Present
Right or Wrong? Legal or Illegal?
Blowin' in the Wind
On the Debt of Nations
Resource Nationalism - or Green Logic?
What If - Alternative Pasts and Futures
The Euro - Life of Death
Dropping Volumes Spell Changing Times
Dickens, Schrödinger and Binary Options
Mining is Dangerous (best to remember it when you complain about price or reductions to production)
Why Does the Battle of Bosworth Matter?
Copper, Renewables and New Cars
Pop-ups and Boutiques
Physical Metal Exchange?
The Dark Net, Crypto-Currencies and the Blockchain
Want a Black Swan for your Lake?
The UK, Europe and Democracy
Alice in Blunderland
Referendum - where it all went wrong
Does This Mean Curtains for the UK's Eurovision Entry?
Campaigning Shame - and the Bank of England
Why would you want a new LME?
21st Century Metal Exchange
Electronic Trader Discounts - the Beginning of Attrition?
Hiding from History and Burning Books
EU Referendum - will somebody please treat us as adults?
Electric Vehicles, Lithium and Investment
Artificial Intelligence and Markets
Access and Information
Salem 1692 - London 2016
Steel: the Present, the Past...and the Future?
Turning Ploughshares into Swords (Why War is Good for the Metals Business)
March of the Robots
A Sustainable Rally?
2016 - Back to a Different Future
How Rhodium lost its Mojo (and how, like Austin Powers, it might get it back...)
In the Long Run, we are all Dead
Set 'em up, Joe
An Orwellian Economic Nightmare
A China Diary
Benevolent No More
Regulation - or Compliance - at Fault? (And David Bowie)
Politics Provided the Light Relief in 2015
Merry Ghosts of Christmas Past
Cut Production? Or Reduce Costs?
Sow the Wind, Reap the Whirlwind
Statues, and Changing History
Goldenman to the Rescue!
Plus ça change....
Grab a Dreamcoat
Singing the LME Week Blues
The Trouble with VW was that their Porkies were Green not White
The LME, the Ring - and Arbitration
How Much Metal Does a Man Need?
LME Dinner Week 2015 - Shadows Loom
The True Cost of Manipulation
Miners and Bankers - an Unholy Alliance
The Nervous(?) Nine
Dignitas for Metal Merchants
China? India? When the Sheep Dog Barks...
Wine Critics Beware: Vengeance is at Hand!
Crime and Punishment. Oh, and Scapegoating
Go East, Young Man: "Mr China", by Tim Clissold
China - Equities and Commodities
Limit Up/Limit Down - Coming Soon to a Market Near You?
The Emperor has no Clothes
Gamblers and Murderers
Do We Heed Alarm Bells?
Teaching the Next Generation
Waiting for the Barbarians
The Sorcerers of Zug? The Glencore Share Price
Shareholders Bear the Pain
Shaken not Stirred, Mr Engelhard
Scratching an Itch
Pollsters and Forecasters
Ah, the General Election.....
QE, Debt Monetisation by Stealth
The Magic Money Tree
Hubs and Exploitation
Alice and the Wonderland Election
Regulation, Financial Crisis and a Different Breed
Dallas, Death - and the Supercycle
Nickel - Times Still Tough
Metallgesellschaft Ltd - Epitaph? Or Blueprint?
Won't Get Fooled Again?
Bartering Metals (and Lives) in Ukraine
When Tungsten Won Wars
Taxes; Avoidance, Evasion...and Warehouses
The Samarium File
Passive Investment? Mmmm...
Who's Demonising Whom?
Cold War II - an Alternative Perspective
Why not Learn from Other People's Experiences?
Perceptions and Realities - the Gaps Show in 2014
Chilly Winds at Christmas
Initiatives, Plans and Projects - the LME Moves Forward
Platinum and Palladium in the Cross-Hairs
Boom and Busts
The Rise of the RMB; Are We Prepared?
Getting to Grips with the Numbers
How Glasenberg did the Right Thing in Zambia
Manipulations, Corners and Crashes
Staring into the Abyss
Marketing - Who Needs It?
And Now the Criminal Indictments....
The Times, They are a-Changin'
Where Have all the Buyers Gone?
Activity During the Dog Days
Miss-selling: a Problem of Product or Process?
Blue Plaques and Chaim Herzog
"Like the Fix, but with an Algorithm as Chairman"
Seeing Through Other Eyes - 1914, 2014
Banker Bonus Clawback - Why so Selective?
Benchmarks and Reference Prices
When QE was Privatised....
Banks: Living with Them, Living without Them
The Invisible Piano Player
Chinese Storage - a Systemic Problem?
Bravo, LME - Open Outcry Lives!
Electronic Fix? Would That Make Sense?
Qingdao Incident - (Where) Has All The Metal Gone?
Rigging a Price...or Defending a Position?
Guest Book Review - 'Blue Eye'
Death - (and Resurrection?) - of the Silver Fix
Aluminium Premium Contracts - Continued
"Imagine There's No Countries...."
"Sympathy for the Devil"?....Well, Perhaps a Little Bit
Supercycles, New Paradigms and Hubris
'Flash Boys' - Are You Being Ripped Off?
Gold and Aluminium: Physical and Futures
Rusal, the LME...and the Aluminium Market
China Woes....and a Question about Ukraine
Greenspan - Rock Star or False Prophet?
Russia, Ukraine and Unforeseen Events
The Wolf of Wall Street; or, How Much Information Do You Need?
What Goes Up Must Come Down...
QE, the Precursor to a Black Swan?
Is QE Sharpening its Teeth?
Fixing the Fix
Money Makes the World go Round
What Should a Modern Star-Spangled Scotchman Have Given this Christmas
Human Rights and Metal Warehousing
A Sinking Ship
Alice in Christmas Wonderland - a Cautionary Tale
Who'd be a Forecaster......
Even Refs Apologise Sometimes
Politics and Mining - a Grubby Mixture
Of New Contracts and Commitment of Traders
Dagong Downgrade - Sometimes Little Ripples Become Big Waves
LME Dinner 2013 - Reading the Runes
High-Frequency Trading - Cost or benefit
Gold - An Inconvenient Truth
The Trouble with Addiction
When is a Contract not a Contract
Summer Pause in Aluminium Squabbles
Fat Fingers and Responsibility
What Data Vendors can Learn from Apple
Winners and Losers in the Aluminium Stakes
Stalling Sun, Rising Dragon?
New Aluminium Wars
Alice in the Washington Wonderland
Free to Trade?
Welcome to Lord Copper
Warehousing – we need to keep it simple
The race to replace Martin Abbott
A valedictory for Martin Abbott
What fee increases mean for the LME's future
The future of aluminium
The changing face of metal news
Price falls point the way to close examination of production costs
A wild ride for the LME
Easter Bunny or Mad March Hare?
Alice in an EU Wonderland
What if Quantitative Easing does not work?
Time for HKEx and LME to perform
Banks to blanks
Warehouses – the rugby football moment
The USA saves up its fiscal cliff problems for another day
Richard Horswill was for many years an LME trader. In recent times he has been taking an active interest in bullion markets. All views expressed are his own