Seeking Alpha
 

iPath Dow Jones-UBS Tin Total Return Sub-Index ETN (JJT)

- NYSEARCA
  • Tue, Feb. 3, 10:24 AM
    • Copper prices are on track for their biggest gains since September on speculation that China would use stimulus measures to jump-start its economy and boost demand for the metal.
    • Rising oil prices and Chinese stimulus speculation “have changed the focus to the upside and the short-covering has done the rest,” says Saxo Bank's Ole Hansen, adding that “energy is such a big and important part of the commodity sector, and the somewhat improved sentiment there also helps other” raw materials; aluminum and nickel also are rising to multi-week highs.
    • "We’re in this perverse world where bad news is good news,” says BNP Paribas analyst Stephen Briggs, and "a lot of people are thinking China’s going to join the rest of the world and lower interest rates or [offer] some kind of monetary response."
    • Raw materials companies are off to a strong start today: FCX +5.8%, BHP +3.9%, RIO +2.4%, VALE +3.9%, SCCO +3.4%.
    • ETFs: JJC, DBB, JJN, JJU, JJT, CPER, BOM, RJZ, BOS, LD, BDD, JJM, FOIL, NINI, CUPM
    | 11 Comments
  • Fri, Jan. 23, 8:21 AM
    • "The primary reason for the changes to our forecasts is cost deflation," says the team, noting "actual and anticipated U.S. dollar strength, cheaper energy and other input costs and our expectation of an improvement in mining productivity."
    • The bank cut its expectations for metals and mined raw materials over the next three years by between 10 and 20 percent.
    • Bearish on copper (NYSEARCA:JJC) even after a 20% decline over the last year, Goldman cuts its forecast for this year to $5,542 per metric ton from $6,400.
    • Facing a sustained period of oversupply, iron ore is now seen averaging $66 per ton vs. $80 previously. Gold's forecast is trimmed to $1,089 per ounce from $1,200.
    • ETFs: JJC, DBB, JJN, JJU, JJT, CPER, BOM, RJZ, BOS, LD, BDD, JJM, FOIL, NINI, CUPM, RGRI, LEDD, UBM, BDG, USMI, HEVY
    | 1 Comment
  • Apr. 29, 2014, 7:15 PM
    | 4 Comments
  • Dec. 27, 2013, 4:29 AM
    • The WSJ shines a light onto "shadow warehouses," a hidden system of facilities that store tens of millions of tons of aluminum, copper, nickel and zinc across the globe for banks, hedge funds and commodity merchants.
    • The warehouses operate outside the London Metal Exchange's system, are unregulated, and don't provide details of their holdings. As a result, it's unclear how much metal is held in the shadow system. This lack of visibility could cause major price swings.
    • The WSJ article follows allegations that warehousing companies have artificially boosted the price of metals, particularly aluminum.
    • Companies that operate metals warehouses include Goldman Sachs (GS), Glencore Xstrata (GLCNF) and JPMorgan (JPM), although the latter is looking to sell its commodities unit.
    • Relevant tickers include VALE, AA, AWC, KALU, MNSF, CENX, NOR, BHP, RIO, ACH.
    • ETFs: DBC, JJC, DBB, DJP, GSG, RJI, GCC, USCI, CFD, JJN, JJT, BOM, RGRC, CPER, CTF, RJZ, GSC, LSC, GSP, JJU, DEE, BDD, BOS, JJM, DYY, DDP, DJCI, LD, CMD, BCM, CUPM, UCI, RGRI, UCD, UBM, FOIL, BDG, LEDD, CMDT, SBV, USMI, DPU, NINI, FTGC, CSCB, CSCR, HEVY
    | 15 Comments
  • Jun. 3, 2013, 8:05 AM
    Beijing returns to metals. Maybe taking advantage of tumbling prices, or maybe showing confidence about the future, China's State Reserves Bureau has purchased base metals on the international market for the first time since the global financial crisis. The agency bought about 30K tons of nickel (JJN) - about one-sixth of LME stockpiles - according to sources, and has been making inquiries about copper (JJC). Other ETFs of note: LD, JJT.
    | 3 Comments
  • Jan. 1, 2013, 12:40 PM
    Big winners among commodity ETFs in 2012 include tin (JJT +23.2%), grains (JJG +17.5%), and lead (LD +14.8%). Gold (GLD) gained just 6.6%, while sugar (SGG -14%) and coffee (JO -42.7%) were big losers. See full commodity ETF performance tables here.
    | 1 Comment
  • Nov. 16, 2012, 9:32 AM
    Industrial metals prices are set to rally into the middle of 2013, says Westpac's Justin Smirk, who has the hottest hand in forecasting of late. He's keeping it simple: Easy money in the U.S. and Europe will combine with a rebounding Chinese economy. Copper, zinc, nickel, and aluminum are all headed higher.
    | Comment!
  • Feb. 1, 2012, 3:42 PM
    Industrial metals enjoyed January's risk rally, with the basket of futures trading on the LME rising 10.9%, led by tin (JJT), up 26.5%. Looking to sink below $3/lb. 3-4 months ago, copper (JJC) has rallied all the way back to $3.84, and resurfaced bullish talk that there's just not enough of the metal being mined.
    | 1 Comment
  • Sep. 26, 2011, 11:01 AM
    Tin (JJT +4.5%) prices move higher after Indonesia - the world's largest producer - halts exports of the metal due to a sharp decline in prices. Leaders are still meeting to determine how long the country will keep the measure in place.
    | Comment!
  • Aug. 10, 2011, 12:22 PM
    Stock market declines could be a precursor to even sharper drops in commodity prices if history repeats itself, writes Stuart Burns at MetalMiner. Metals sensitive to economic production are especially at risk. Commodity decliners today: Aluminum (ALUM) -1.4%, Copper (JJC) -3.9%, Tin (JJT) -1%, Steel (SLX) -3.7%.
    | Comment!
  • Aug. 8, 2011, 1:11 PM
    Commodity prices get slammed as economic fears intensify with some metals breaking through what is seen as important technical levels. Any current projections for commodity prices now need to be wadded up and be given a fresh macro look. Leading the downward spiral: Steel SLZ -7.4%, Copper JJC -7%, Tin JJT -6%.
    | Comment!
  • Aug. 5, 2011, 1:18 PM
    Commodities are largely down, and leading the pack is Tin (JJT -7.8%) falling to an 8-month low of $24,750 a metric ton. Another economic bellwether, Dr. Copper (JJC -3.3%), also has the doldroms and is set to record its sixth straight down day.
    | 1 Comment
  • Apr. 14, 2011, 2:47 PM
    Silver gets its tail in the air on news Bolivian President Morales has ordered the May 1 expropriation of mines previously sold off by the government. The metal (SLV +3.2%) is doing a lot better than the affected miners: Pan American (PAAS -6.7%), Coeur d'Alene (CDE -5.7%).
    | 7 Comments
  • Feb. 22, 2011, 11:21 AM
    Gold and oil catch bids, but traders are using the events in Libya as an excuse to sell commodity markets, many of which have had remarkable runs. The grains and cotton are particularly hard hit. CORN -3.6%. JJG -3.0%. BAL -4.1%. JJC -1.8%.
    | Comment!
  • Feb. 3, 2011, 8:22 AM
    Companies worried about rising commodity prices are stockpiling everything from rubber tires to fabric purchases, but are they insulating themselves from sticker shock or just making the problem worse? (see also)
    | 7 Comments
  • Jan. 27, 2011, 10:09 AM
    Unconcerned that China and India are tightening monetary policy, Jim Rogers sees commodities as a win/win investment. “If the world economy gets better, commodities are going to make a fortune. If the world economy does not get better, commodities are the place to be because they are going to print more money."
    | 4 Comments
Visit Seeking Alpha's
JJT vs. ETF Alternatives
JJT Description
The Dow Jones-UBS Tin Subindex Total ReturnSM is a sub-index of the Dow Jones-UBS Commodity Index Total ReturnSM and is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index as well as the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The Dow Jones-UBS Tin Subindex Total ReturnSM is a single-commodity sub-index currently consisting of one futures contract on the commodity of tin, which is included in the Dow Jones-UBS Commodity Index Total ReturnSM.
See more details on sponsor's website
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub