Daily Close | Forex, Metals, Oil, Agriculture April 07, 2021



He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California.


She added that management may be hesitant to spend the cash on buybacks given the steel market appears to be at or near a cyclical peak. Bank of America analyst Timna Tanners said Wednesday that record prices will generate huge profits for steel mills in the first half of 2021. Heading into first-quarter earnings season, Tanners said investors will be watching closely for indications from management about how steel companies will be spending their excess cash.
That same line of reasoning could discourage M&A deals in the near future given the current steel environment is a seller’s market. Tanners is projecting steel prices will trend “sharply lower” in the second half of 2021. (Photo: Ternium) U.S. hot-rolled coil steel prices recently hit all-time highs of $1,300 per short ton. His thoughts on gold are captured each week on a program called Gold Game Film in collaboration with Kitco News and TheStreet.com. He is also the co-author of The Goldwatcher: Demystifying Gold Investing.


Unlike Saudi Arabia, Russia apparently doesn t see its reliance on oil, gas and coal as a problem.

United States

Today, Wall Street continues to use Zacks research including the Zacks Rank and Zacks Equity Research, which combines the best of quantitative and qualitative analysis. The Fed pledged to keep rates at lower levels until the end of 2023. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. Unheard of in the days when all Wall Street could say was “Buy”. He is a regular contributor to Forbes, Business Insider, Seeking Alpha and Wall Street Journal’s Experts Corner.


Beijing might well see its ability to grab Taiwan, one of its most cherished goals, slipping away.