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.
More Quotes from Edward Meir:
The markets are picking up the scent of a compromise in the offing.Edward Meir
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.
Edward Meir
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.
Edward Meir
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.
Edward Meir
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.
Edward Meir
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.
Edward Meir
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Any act often repeated soon forms a habit; and habit allowed, steady gains in strength, At first it may be but as a spider's web, easily broken through, but if not resisted it soon binds us with chains of steel.
Tryon Edwards
There are two kinds of people one can call reasonable: those who serve God with all their heart because they know him, and those who seek him with all their heart because they do not know him.
Blaise Pascal
After mature consideration it was unanimously agreed, that, to prevent as much as possible their attempting to return and molest the settlers that may be set down on their lands, a sufficient number of vessels should be hired with all possible expedition for that purpose.
Charles Lawrence