26 Quotes by Edward Meir

There is some understandable nervousness about today's copper-stock increase.

We cannot rule out further gains later in the week, particularly if (DOE) inventory numbers surprise.

Commodities seem to be a rather popular alternative (to bonds, equities and the dollar) for funds searching for a trend.

The strike in Nigeria, if it does come to pass, will have a limited price impact and could very well follow June's pattern, where a sharp spike after the strike announcement was followed almost immediately by sizeable selling,

Sometimes one comes across an especially odd trading day when nothing much makes sense. Yesterday's session was a case in point, with the action in the natural gas complex being particularly puzzling.

As long as the prospect of sanctioning 4 million barrels per day of Iranian oil is out there, the Iranian situation, in our view, will be the front and center issue that will command market attention.

A test of $6,000 now looks like it is around the corner.

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.

It's hard to pinpoint what the reasons behind yesterday's price surge were.