Wall Street Commodity Traders…. Bloomberg

September 22, 2020 by Jim Colburn Leave a Comment

Jack Farchy, Bloomberg, writes about how well bank commodity traders are doing, here…

“Big banks are on track for their highest commodity-trading earnings in a decade as they benefit from wild swings in oil and gold prices.
Combined net revenues in commodities from the 12 largest global banks jumped to $3.8 billion in the first half of 2020, and are on track to surpass $7 billion for the year as a whole, according to Coalition Development Ltd. That would make it Wall Street’s best year in resources since 2011.“

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, 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 commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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