Category: Week in Review

In the base metals markets, we had a mixed showing. Tin did best, adding almost 10% on the week on concern about lagging supply.

The Iran war enters its third month this week with few promising off-ramps materializing for a possible end to the conflict.

Markets were all over the map last week. But once again, it was energy that commanded the most attention.

Things took an ominous turn after President Trump announced he would order the US Navy to block any vessels entering or exiting the Gulf. We suspect we will see another sizable bounce in crude and a resumed slide in both precious metals and base metals as the two parties now potentially resort to replacing talks with missiles.

Aluminum was very in the spotlight this past week on growing concern about damage inflicted on some of the Persian Gulf's key smelters.

Markets remained frazzled last week as the conflict in the Persian Gulf entered its fourth week – with no end in sight.

We had another topsy-turvy week in the markets as the war in Iran monopolized investor attention.

Markets have been taken aback by the intensity of the conflict and the Iranian retaliatory strikes on at least 14 different countries. Investors were also shaken by the severe disruptions to oil and gas flows coming out of the Persian Gulf.

In an unusual first, pretty much all the markets we follow finished higher last week.

The goal is to provide you with a snapshot of the market as it is.