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Chinese Storage – a Systemic Problem?
China is the world’s largest consumer of copper and it is also the largest consumer of gold (although consumption is in some ways a...
geoffreysambrook
Jul 2, 2014
Bravo, LME – Open Outcry Lives!
Some really good news has come out of the LME this week, following its review of Ring trading. I have to admit that I have been somewhat...
geoffreysambrook
Jun 25, 2014
Electronic Fix? Would That Make Sense?
Over the last few weeks, I’ve looked at the rumblings in the bullion market about the forthcoming end of the silver fix and what appears...
geoffreysambrook
Jun 18, 2014
Qingdao Incident – (Where) Has All The Metal Gone?
China is a source of endless fascination to the financial markets; and it’s not surprising – it’s the big target. Car makers, wine...
geoffreysambrook
Jun 11, 2014
Rigging a Price…or Defending a Position?
I think today I’m going to stick my head in the lion’s mouth and talk about the gold fix and the recent ‘scandal’ perpetrated by Barclays...
geoffreysambrook
Jun 4, 2014
Guest Book Review – 'Blue Eye'
There’s an old Russian joke that runs, ‘What is the tallest building in Moscow?’ Answer: The Lubyanka. Because you can see Siberia from...
geoffreysambrook
May 28, 2014
Death – (and Resurrection?) – of the Silver Fix
One of the biggest surprises of my career in metal trading was the day I heard that N M Rothschild were quitting the London Gold Fix....
geoffreysambrook
May 21, 2014
Aluminium Premium Contracts – Continued
A short while ago, I wrote an article in ‘Metal Bulletin’ discussing the possible effects of the LME’s putative new regional aluminium...
geoffreysambrook
May 14, 2014
"Imagine There's No Countries…."
The leader of Her Majesty’s Opposition, Ed Miliband, is probably the most opportunistic, bandwagon jumping politician of all the current...
geoffreysambrook
May 7, 2014
"Sympathy for the Devil"?….Well, Perhaps a Little Bit
When he wrote that lyric for the Beggar’s Banquet back in 1968, I doubt very much that Mick Jagger had Deutsche Bank in mind. And, for...
geoffreysambrook
Apr 30, 2014
Supercycles, New Paradigms and Hubris
Well, the carousel is still turning, but the count of those continuing to enjoy the ride is getting smaller and smaller. The news that...
geoffreysambrook
Apr 23, 2014
'Flash Boys' – Are You Being Ripped Off?
Back in the 1980s, lots of us involved in the financial markets read a book called ‘Liar’s Poker’, by Michael Lewis; Lewis had started as...
geoffreysambrook
Apr 16, 2014
Gold and Aluminium: Physical and Futures
In an article on here last week, I talked about some of the issues surrounding the LME warehousing system and the aluminium market in the...
geoffreysambrook
Apr 8, 2014
Rusal, the LME…and the Aluminium Market
Elsewhere( http://bit.ly/1s3tDON ) I have written about the LME and the recent High Court finding in favour of Rusal over warehouse rule...
geoffreysambrook
Apr 2, 2014
China Woes….and a Question about Ukraine
The recent failure of an obscure solar panel manufacturer in China is suggestive of a major shift in policy in that country, as it is the...
geoffreysambrook
Mar 26, 2014
Greenspan – Rock Star or False Prophet?
In the years since the financial crash in 2008, the finger of blame has been pointed at a range of targets; one name that keeps cropping...
geoffreysambrook
Mar 19, 2014
Bonuses…..and Shareholders
Hurrah for the Eurocrats! Haven’t they done such a good job in putting forward a cap on banker bonuses? That’ll make everything better....
geoffreysambrook
Mar 12, 2014
Russia, Ukraine and Unforeseen Events
I recently had quite a long discussion with an analyst friend about the potential effect of ‘unknowns’ on the direction of prices. We...
geoffreysambrook
Mar 5, 2014
The Wolf of Wall Street; or, How Much Information Do You Need?
I recently went to see “The Wolf of Wall Street”; I found it absolutely hilarious, and I strongly recommend any readers who have not yet...
geoffreysambrook
Feb 26, 2014
What Goes Up Must Come Down…
In the last thirty-odd years, China’s economic growth has been the fastest sustained improvement the world has ever seen. To be honest,...
geoffreysambrook
Feb 19, 2014
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