March 13, 2018
President Trump has signed tariffs on steel and aluminum into effect, and perhaps started a global trade war. The action received fierce criticism from his own party, with many Republican lawmakers speaking out against what they see as a tax on US businesses. The base metals markets haven't...
March 11, 2018
Over the last week a looming trade war has been making headlines, and moving markets. Both the Canadian dollar and Mexican Peso blasted higher when it was announced that both Canada and Mexico would receive an open ended pass from new US tariffs on steel and aluminum, which are clearly meant to...
February 20, 2018
It is becoming more difficult to refer to what is happening in the Eastern Mediterranean in the context of a 'civil war' in Syria. Turkey's internal politics have been uneasy for years now, with an attempted coup and a power grab by current President Tayyip Erdogan complicating the...
November 23, 2017
The phrase “new normal” has been shot around a lot since the crisis in 2008, and now Citigroup seems to be using it to describe a world that is full of constant uncertainty. In a recent note they described how the new normal of rising global risks will be positive for the gold price,...