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Banker Bonus Clawback – Why so Selective?
I normally steer well clear of issues related to politics on this site, but I thought it may be interesting to look at the latest round...
geoffreysambrook
Aug 6, 2014
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Benchmarks and Reference Prices
The topic du jour amongst the forensic element of the financial community, if I judge by the number of requests for explanations and...
geoffreysambrook
Jul 30, 2014
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When QE was Privatised….
In 1916, an impoverished, partly-trained engineer called Alves Reis, son of an undertaker and with a new young wife, left his native...
geoffreysambrook
Jul 23, 2014
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Banks: Living with Them, Living without Them
The departure of several high-profile banks from the metal trading business has been welcomed in some quarters – indeed my own view is...
geoffreysambrook
Jul 16, 2014
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The Invisible Piano Player
Here, where I am staying at The Celebrity City Hotel in Chengdu, the sun never shines. Or rather it shines, but cannot be seen. The sun...
geoffreysambrook
Jul 9, 2014
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Chinese Storage – a Systemic Problem?
China is the world’s largest consumer of copper and it is also the largest consumer of gold (although consumption is in some ways a...
geoffreysambrook
Jul 2, 2014
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Bravo, LME – Open Outcry Lives!
Some really good news has come out of the LME this week, following its review of Ring trading. I have to admit that I have been somewhat...
geoffreysambrook
Jun 25, 2014
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Electronic Fix? Would That Make Sense?
Over the last few weeks, I’ve looked at the rumblings in the bullion market about the forthcoming end of the silver fix and what appears...
geoffreysambrook
Jun 18, 2014
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Qingdao Incident – (Where) Has All The Metal Gone?
China is a source of endless fascination to the financial markets; and it’s not surprising – it’s the big target. Car makers, wine...
geoffreysambrook
Jun 11, 2014
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Rigging a Price…or Defending a Position?
I think today I’m going to stick my head in the lion’s mouth and talk about the gold fix and the recent ‘scandal’ perpetrated by Barclays...
geoffreysambrook
Jun 4, 2014
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Guest Book Review – 'Blue Eye'
There’s an old Russian joke that runs, ‘What is the tallest building in Moscow?’ Answer: The Lubyanka. Because you can see Siberia from...
geoffreysambrook
May 28, 2014
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Death – (and Resurrection?) – of the Silver Fix
One of the biggest surprises of my career in metal trading was the day I heard that N M Rothschild were quitting the London Gold Fix....
geoffreysambrook
May 21, 2014
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Aluminium Premium Contracts – Continued
A short while ago, I wrote an article in ‘Metal Bulletin’ discussing the possible effects of the LME’s putative new regional aluminium...
geoffreysambrook
May 14, 2014
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"Imagine There's No Countries…."
The leader of Her Majesty’s Opposition, Ed Miliband, is probably the most opportunistic, bandwagon jumping politician of all the current...
geoffreysambrook
May 7, 2014
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"Sympathy for the Devil"?….Well, Perhaps a Little Bit
When he wrote that lyric for the Beggar’s Banquet back in 1968, I doubt very much that Mick Jagger had Deutsche Bank in mind. And, for...
geoffreysambrook
Apr 30, 2014
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Supercycles, New Paradigms and Hubris
Well, the carousel is still turning, but the count of those continuing to enjoy the ride is getting smaller and smaller. The news that...
geoffreysambrook
Apr 23, 2014
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'Flash Boys' – Are You Being Ripped Off?
Back in the 1980s, lots of us involved in the financial markets read a book called ‘Liar’s Poker’, by Michael Lewis; Lewis had started as...
geoffreysambrook
Apr 16, 2014
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Gold and Aluminium: Physical and Futures
In an article on here last week, I talked about some of the issues surrounding the LME warehousing system and the aluminium market in the...
geoffreysambrook
Apr 8, 2014
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Rusal, the LME…and the Aluminium Market
Elsewhere( http://bit.ly/1s3tDON ) I have written about the LME and the recent High Court finding in favour of Rusal over warehouse rule...
geoffreysambrook
Apr 2, 2014
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China Woes….and a Question about Ukraine
The recent failure of an obscure solar panel manufacturer in China is suggestive of a major shift in policy in that country, as it is the...
geoffreysambrook
Mar 26, 2014
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