26 Quotes by Edward Meir

Yesterday's sell-off was a shot across the bow, but we don't think the bulls will be heading for the hills anytime soon.

More likely, it was continued nervousness about gasoline supplies and possible commercial buying on the back of healthy crack spreads.

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.

We think that major moves ... should be held in check, as low volumes suggest that many people are either away, or uninterested in initiating new positions.

We maintain our general view that these markets have to be given some respect given the fact that we still have sizeable outages going into Q4.

There are still no signs of a downturn in global economic activity, suggesting that the fundamental backdrop for most commodities, including crude, remains favorable. We'll see if this week's U.S. numbers change any of that.

I think we were probably a bit overdone on the upside and there's some profit-taking taking place today.

The prolonged drama probably explains why markets have not done much of anything in response to the news. Participants have perhaps concluded that things will take a lot longer to come to a head -- if they do at all.

While fundamentals are tight in several of the metals, they cannot justify current valuations. Markets are, instead, held hostage by the growing amount of investment and speculative money out there that is increasingly finding its way into commodities.