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Edward Meir Quotes
«More metal will become available and the spreads are reflecting this expectation.»
Author: Edward Meir
«The copper rally has surprised us all, even the die-hard bulls among us.»
Author: Edward Meir
«The Iranian situation remains on top of the heap in terms of market concerns.»
Author: Edward Meir
«Support levels on crude...should hold at least through today, as participants will be reluctant to go home short heading into the weekend.»
Author: Edward Meir
«This is not to minimize the importance of the events swirling around us, but merely to suggest that they will now have to hit the markets with more urgency than they have in the past.»
Author: Edward Meir
«This could, in effect, torpedo Russian and Chinese attempts to bring the Iranians around, and escalate the crisis once again.»
Author: Edward Meir
«New money may not enter the markets with the same vigor as has been the case in the past, especially if growth in the U.S. shows signs of slowing on the back of steadily rising interest rates.»
Author: Edward Meir
«In the meantime, we note that over the last few weeks, crude prices seem to ease just prior -- and after -- the release of the EIA numbers, but tend to snap back as geopolitical tensions somehow reassert themselves by week's end. We will see if this pattern plays out again this week.»
Author: Edward Meir
«Call it a tug of war, if you will, between bearish fundamentals on the one hand and intermittent geopolitical tensions on the other.»
Author: Edward Meir
«It remains to be seen whether this latest really will be upstaged by this week's EIA inventory reports. We think not; the markets are grappling with three simultaneous geopolitical hotspots right now, increasing the odds that at least one -- if not all three -- of these situations will override the potentially bearish consequence of an inventory increase.»
Author: Edward Meir