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The fundamentals of international banking system in being rocked by corruption, money laundering and evasion of government regulations. They started exposing or covering it. However it seems contagion is inevitable. Credit Suisse and UBS are resurfacing again in money laundering of Russian oligarchs wealth to avoid American sanction.

They are rising due to increased demand due to wars, earthquakes, flooding and other climate disasters.

Glencore got 3 upgrade ratings by Deutche bank, Bank of America and UBS price target 560-580. The last two is published under share news, this morning.

On CNN, there is no name of major shares holder is selling Glencore shares. Credit Suisse still adding uncertainty. For me (conspiracy theory believer), the current financial crisis will not go away, but only by printing €360 Billions by SNB just to equalise the $360 Billions printed by FED in response to SVB bankruptcy ?!!

16-Mar-23 16:35:08 423.20 28,726,620 Buy* 22m UT
What is this Ultra trade ?!!

They almost recover back all price drop of 24% that happened yesterday. Whilst our debt free Glen could only recover 2% of it 11% retreat. Somebody wants to be multimillionaire in just few days might be at a wishful thinking. Glencoe share prices was running like a rollercoaster. It is damaging investor's trust in the soundness of Glencoe business, management integrity and financial health of the company. I believe that directors and investors as well should look seriously to appoint MMs, who could help in stabilizing the share prices to reflect the business earnings and financial status.

SNB said that Credit Suisse could have access to liquidity. Reuters https://www.reuters.com/markets/cautious-calm-returns-bank-stocks-focus-shifts-regulation-2023-03-15/

Credit Suisse Group AG,. This is the name of our friend. Germany, France and Italian banking and industrial sectors are affected most. Tomorrow ECB will do something about this new wave shock.

and all Swiss made companies. I was about to sell my Glen shares at loss. However it seems this is not related to bribery neither to collapsed commodity prices. We are learning and following US treasury and FED. It shouldn’t be a problem for a nation, who can print money.

That share holders don’t know? There is a sharp decline of Glen share price unexplained by current overall reaction to SVB bankruptcy, neither related to the stable prices of commodities.

From Friday to Monday Glencore is 7% down? Worst than some banks.

Whilst commodity prices are at their 50-150% rise above the end of 2021 levels. Shares prices are going down sharply in response FED call for higher interest rate hikes. Commodities are not responding in the same way company’s prices are doing! It seems that the FED needs to print less dollars to reduce the money mass in circulation rather than to increase interest rates!!

Flying. Got wings from China and War in Europe. Short term price target 540p

It might reverse course tomorrow and/or Friday. The fundamentals are sound. Technically is set for a rebound on short terms 2-4 days.

I don't believe this could be agreed upon by share's holders "COLUMN: The M&A case for Glencore — the commodities giant has a giant war chest to expand its mining and trading empire | $GLEN via @opinion. Bloomberg column and opinion

Commodities production and trading are not rocket science! They are simply related to wars (disasters) and peace (rebuilding) in preparation for next war. One tank is weight 100 tons and one marine destroyer is 100,000 tons. Do not add munitions, which are daily consumables! Here we are in Europe having both war and earthquake destruction. One building of 10 flats would consume 50 tones of metal. It's very sad things to think about. However we have to face these realities. For the last 20 years we have 2 wars in Europe. One in the ex Yogoslavis countries and a new on in Ukraine. All of these events whether peaceful growth or wars are putting constraint on already depleted resources. People talking about EV revolution! From the time Tesla was marketed till 2040 these vehicles for civil use will not consume more than 0.0001% of total metals and energy already in use by internal consumption engines in the world. Don't be dubbed by future forecast on reduced demand on commodities! We are not going to stop War and Peace (preparation for next war).

CPI has caused some fear in the markets of a big hike of interest rate by FED Reserve next month. There is a big rise in Dollar Index with a subsequent drop in commodities. People need to calm down and not sell while the waives of selling are hot.

With 73% increase of profits, dividend increase and shares buyback. SP might rise to 580-620 in the next few days. The business future outlook is in continuing growth and resilient to adverse conditions.

Add 10% rise for dividend+Shares buy back+Optimistic future forecast=good rise in share prices.
Glencore strength is not coming from diversification of its products only, but from being a merchant in energy and metal commodities as well. They are very active in the Middle East in trading crude oil and refined products.
All its products were doubled or tripled in prices in year 2022. Consequently their revenue and profit were increased significantly and it would compensate for any decrease in production of any commodity. Upwards and Forward for Glencore.

BP share prices might be around 507p tomorrow for the expected/above expected good results of q4, where Brent crude oil prices averaged about $81.