Mr. Paul Glantz

GLG News by Mr. Paul Glantz, President

Indicators Show Base Metal Prices are Establishing a Floor

December 11, 2008

Analysis of:Rio Cuts 14,000 Jobs, Spending as Demand Falters | www.bloomberg.com

Rio announcing major job cuts and expense reduction has major bullish inclination to base metal pricing.

Base Metal Prices May be at a Turning Point

July 30, 2008

Analysis of:Gold futures drop $36 in three days | www.marketwatch.com

Base metal prices have been somewhat bearish as of late as have other commodity prices such as oil and gas.  Speculators often react and overreact to daily news items forcing large swings in commodity pricing. However the greatest real effect on commodity prices will be whether Chinese buyers come back strong following the Olympics in August.

They Have Arrived (Metal ETF’s that is)

April 29, 2008

Analysis of:The Best and Worst Natural Resource Funds | www.thestreet.com

While reviewing the performance of resource funds for the first quarter of 2008,  I realized that there is now an availability of buying or selling specific commodities for actual users as a 'hedge' against price volatility.

Traditional Future Metal Price Analysis is for the Birds

February 28, 2008

Analysis of:Survey of Forecasts (of Metal Prices) | www.recycling-magazine.com

As published in Recycling Magazine Feb 2007, “Survey of Forecasts”, basemetals.com compiled price predictions of 22 analysts. These analysts are paid researchers that spend their time analyzing the metal markets.   In order to determine the price prediction, in this case in one year, the analyst compiles the list of facts he desires, and computes in a formula and possibly graph detail where the price will be in a predetermined time period.   All the facts are available to all the analysts, yet each come up with a different result. This may be because of the weighting factor each one uses for their determination. Or, an analyst may throw caution to the wind and make a prediction on his intuition.   But, I believe, we have entered a new era of pricing that is much less predictable because of the investment community.

A Unique Perspective on the Base Metals Market

December 13, 2007

Analysis of:The Base Metals Market Briefing | www.gfms-metalsconsulting.com

Being an actual metal trader, selling scrap metal to mills and refiners, I believe I have a unique perspective on the base metals market. When selling scrap to a mill or refinery, the price is most often calculated using a mathematical formula.   Changes to the formula indicate changes in interest, i.e., demand.

Bold Prediction of $4 Copper May Be Premature

August 23, 2007

Analysis of:Copper to Peak Near $4 Per Pound this Fall, As Chinese Demand Remains Steady | gold.seekingalpha.com

The fp trading desk has made a bold prediction on short term copper prices which expects a price increase of 20% in a matter of one or two months. Their use of recent historic economic data does not tell the whole story.

Wheeling-Pittsburg Corp. – In the STEAL Business?

June 15, 2007

Analysis of:Metal Management Sues Wheeling-Pitt | www.forbes.com

Wheeling-Pittsburg Corp. has been sued for not paying for scrap steel. They claimed the scrap was out of specifcation. Assuming their claim is accurate, under what rule of law do they get to keep the scrap without paying for it?

Stainless Steel Prices Due for a Fall

May 29, 2007

Analysis of:Stainless steel production to grow further – but at a slower rate | www.worldsteel.org

The article was right on target. Expect further cuts. India may become more active.

Copper - Can It Save Your Life? Part II

March 16, 2007

Analysis of:Hospital in soldiers furore uses copper to beat MRSA bug | www.thisislondon.co.uk

To review, in a little publicized study published on Copper.org, confirmation of certain desirable medicinal properties of copper and copper alloys were presented. This report was distributed to the association’s membership, but still has not received widespread publication by the media.

However, this week in “This Is London” from the the U.K.’s Evening Standard reports that copper will be put to the test in a real hospital environment. It goes on to state that “If the trial is successful, a wholesale switch to copper surfaces and fittings of hospitals across Europe is in the cards to help cut the death rate from MSRA bacteria infection.

India’s Tariff on Iron Ore May be Political

March 12, 2007

Analysis of:China steelmakers to see little impact from Indian iron ore price hike- Shougang | www.forbes.com

India announced on February 28 that it was initiating a tariff on iron ore of nearly $7 per metric ton.
China’s purchases of 75 million ton of iron ore from India, comprise 23% of its total imports.
Yet, one of the major Chinese importers, Sino Steel, has refused to purchase any new material. Last year they purchased 8.5 million tons.

Copper - Can It Save Your Life?

February 15, 2007

Analysis of:Studies Show Copper Surfaces May Help Thwart "Superbug" Hospital Infections, Says Copper Development Association | www.copper.org

Copper has desirable medicinal properties, some of which may kill undesirable microorganisms such as E Coli bacteria and Influenza viruses.

It has been documented that copper has been used since Ancient Egypt to cure numerous diseases and afflictions.

It may be time to bring copper into the environment of certain facilities to diminish and eradicate these diseases.

What’s going on with the copper market?

November 20, 2006

Analysis of:Chilean October Copper Exports Slide was Prices Slip | www.bloomberg.com

What’s going on with the copper market?

On a regular basis, I am asked for my opinion on what is happening in the copper industry and/or the copper market. While copper has been all over the news for the last year or so, it is newsworthy mainly because speculators drive the price.

Freeport-McMoran’s Acquisition of Phelps Dodge is Good for Both Companies

November 20, 2006

Analysis of:Freeport-McMoRan to acquire Phelps Dodge | www.cbc.ca

In a friendly offer to purchase Phelps Dodge (PD), Freeport-McMoran (FCX) expects to improve its net value for its stakeholders, and determine its own destiny.

I would expect to see huge synergies in the operations, which would save on the expense side of the balance sheet, despite the statement that labor reduction is only a minor part of the agreement.

Perhaps this acquisition is more about two companies with different metal price outlooks and philosophies.

Add-on for Novelis' Fusion Technology

June 28, 2006

Analysis of:Could this new technology open doors to Al automotive sheet? By Dr. Donald Fosnacht | www.33metalproducing.com

Dr. Fosnacht has written an excellent review of the implications and analysis of the new fusion technology developed by Novelis.

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