Edward Meir Quotes (19 Quotes)

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.

This could, in effect, torpedo Russian and Chinese attempts to bring the Iranians around, and escalate the crisis once again.

The growth picture looks very solid. We're not seeing any slowdown at all in any of the major metal-consuming countries, despite higher energy prices and higher interest rates.

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

Support levels on crude...should hold at least through today, as participants will be reluctant to go home short heading into the weekend.

The Nigerian news would typically not get much of a market hearing given the modest amounts usually involved and the relatively short-lived nature of disruptions. However, given the potential crisis with Iran, markets are moving higher on just about any news that entails a possible supply pinch.

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.

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

The situation, therefore, still remains serious, with the next few weeks proving pivotal. We still think, however, that an eventual compromise will be reached, as both sides will be hard pressed to carry through with their threats.

Call it a tug of war, if you will, between bearish fundamentals on the one hand and intermittent geopolitical tensions on the other.

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

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.

No doubt, the relative easing in geopolitical tensions weighed on the markets yesterday. The Saudi incident, which was somewhat over-exaggerated on Friday, got discounted in calmer fashion for what it was -- a non-event in terms of supply, although a brie

Although many polls show that U. S. consumers are intent on altering their behavior (i. e., driving less), we still have not seen significant structural shifts in behavior.

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.

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.

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.

Prices could rally in the event of such an announcement on Iran, but then come off shortly thereafter once participants realize that despite the consensus, hard work still lies ahead.

The markets are picking up the scent of a compromise in the offing.