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狂欢过后，恐慌弥漫

In the last publication we asked the question about whether the coronavirus is a black swan. And after the developments of recent weeks, this question must be answered with a clear Yes. Financial markets, after remaining very calm, were totally caught wrong footed and the black swan, on the 9th March, turned into a…

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英雄吹哨人

With the coronavirus the world once more has a black swan. This term was coined by the publicist and stock broker, Nassim Nicholas Taleb, and is used to describe an event which happens seldom, is unexpected and can have considerable consequences. Amidst all the varying news reports at the beginning of the year, it may have been…

Towards the end of 2019, it could have been carelessly thought that the big upsets caused by the Sino-American trade war were finally on a constructive path towards a solution and the new year of 2020 would bring about a little more consistency. Before even being able to think, or even dream, this, lessons were going to be learned…

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雅加达正慢慢沉入大海

Last month’s correction of nickel prices on the London Metal Exchange (LME), from the highs of over USD 18,000/mt to below USD 16,000/mt can only be described as Act One. Since then the market has slid further, especially since it gradually became clear that the buying spree of the ominous nickel buyer on the LME, and the continual warehouse stock depletions had come…

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英雄吹哨人

The nickel price on the London Metal Exchange (LME) had to give way finally. The high rates of over USD 18,000.00/mt could not hold. However, the highs had also been viewed rather sceptically by quite a proportion of the market. The general economic data, and the stainless steel climate especially, did not really give…