Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss Oil Markets, China and Metals with Ed Meir.
About the Experts
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir’s CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal’s McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer is president of EKT Interactive Oil and Gas Training.
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
This is Andy Lebow from commodity research group and today I am joined by Marty Stetzer, the president of EKT Interactive Oil and Gas Training and Ed Meir, the award winning analysts rated number one in in base metals bulletin and also is a colleague, a partner at Commodity Research Group.
Good Morning Gentlemen.
This is our weekly podcast and we’re going to talk about metals and other things for, from Ed and a after that, Marty and I are going to talk about the a weekly stats as well as a the oil markets in general.
Today is Wednesday, April 24th.
Ed. Okay. Thank you very much Andy and Marty. Nice to be with you again. Hope, hope my audio is clear. I just wanted to bring your listeners up to date on base and precious metals and review with you as to what’s going on in a nutshell, not very much.
Base metals have kind of flat lined and are going lower over the past week or so. Unlike the action we’re seeing in crude and gold and silver are also really very weak. With silver hitting a four month, four month low yesterday and gold also breaking below key support at 1,280 and taking out a bunch of stops below there. We’re currently at around 1275 on gold and at that 1490 on silver, not much going on in platinum or palladium, either. Palladium as you know, had a big correction a couple of weeks ago.
It seems to be consolidating now around the $1,400 mark and platinum kind of risen sympathy, but, but seems to have stalled as well. So very little action in base in precious metals in base metals. What’s interesting is that we have been selling off despite growing optimism about the US/Chinese trade talks. I think sentiment in base metals is being influenced by the fact that, that China is not really ramping up a stimulus programs as aggressively as people were thinking. Keep in mind that the Chinese have an enormous amount of debt they need to work with.
So if they, you know, build more bridges and airports and highways, this all entails more debt for the provinces and the regional municipalities that need to issue bonds. So what the government is doing instead is lowering rates, making credit easier, uh, jaw boning there, the banks to lend more money.
Let’s, let’s wrap it up if you’re interested in correlations, if you’re interested more. Do you want to hear more on the correlations, more on metals, more on oil,where we think the price is going.
We do a monthly podcast features options by with Jim Colburn as well as these weekly comments. Please feel free to go to our commodityresearchgroup.com. And if you want it to get ahold of us try firstname.lastname@example.org.
As usual. I learned something every time I do this. If any of your listeners on the trading side are interested in learning more about the physical aspects of the business, why do we talk about pipelines? Why do we talk about tankers? Why do we talk about refineries and the impact on both price, supply, demand movements, et Cetera?
They might enjoy taking a look at our free mobile ready oil 101 series that discusses upstream, midstream, and downstream www.ektinteractive.com.
I’d like to thank everyone for listening.