Daily Close | Forex, Metals, Oil, Agriculture March 31, 2021



Agricultural commodities are also not behind with corn seeing strength on China’s buying binge.


But they could all stem from cheap and abundant dollar liquidity that is showing increasing signs of sensitivity to a small reversal in the fortunes of the dollar. The second pressure point is a rising US dollar index, likely thanks to rising long-term bond yields. 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.


The push for green energy combined with massive infrastructure spending, and stalwart investment demand, should keep a bid under the silver price and help it rise again this year. In the commodity world, while the shine for gold and silver has waned, the industrial metals and energy have become red hot. In a recent report, Bank of America’s commodity analysts indicated they expect to see silver prices averaging $29.28 this year. Although silver is down 9% in 2021 and has retreated 19% since its August peak near $30, that’s certainly well within historical bull market corrections.
After all silver had a standout 2020, having gained about 47% in its best year since 2010. less Being a silver investor over the last few weeks has become more psychologically challenging. It seems the pressures on silver prices are likely from two angles. In my view, the end of this silver correction is nigh. Aluminium futures on the Multi Commodity Exchange (MCX) has been rallying since June last year.
That’s true even for us die-hard silver enthusiasts. The industrial metals like copper, platinum and tin are surging on optimism over the economic recovery. But the reality is that so far in 2021, silver is down 9%. That easily outpaced gold’s own impressive 25% return.


The expectation of a speedy global economic recovery has brightened the demand outlook for all vessel categories, leading to spike in the rates. Meanwhile, oil price has returned to pre-COVID-19 levels on rising demand and tightening supplies.

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Share The recent run up in GameStop and other stocks involves investors in opposing camps: traditional Wall Street firms and small investors who are bucking the system. That could happen naturally, or the Fed could intervene by imposing Yield Curve Control.