Open: London Session | Forex, Metals, Oil, Agriculture April 16, 2021



Indeed, it is not every day that you see a $14 trillion dollar economy grow by 18.3%.


That is what will eventually happen, with silver perhaps fulfilling a subsidiary monetary role to gold. Clearly, gold satisfies all categories, but some explanation is needed why this is so, and why bitcoin and silver do not. Lack of physical ownership, be it bitcoin gold or silver is not an option. Both gold and silver have acted as money for millennia and are widely distributed. For example, Beijing is pushing steel mills to reduce production this year in a bid to lower emissions, pushing costs higher.
That’s over a thousand years of monetary silver. Oil is heading for a third weekly gain and iron ore prices are on track for the best week since March.


That could presage bad news globally as more oil giants sell out to less-transparent operators.

United States

However, most Asian markets are ruling mixed with little change, though the US market ended at a record high overnight. The technology, growth-oriented Nasdaq was the largest gainer, posting a 1.23% weekly return. JPMorgan Chase, Goldman Sachs, and Wells Fargo all beat analyst expectations, driving the DJIA’s outperformance over the S&P 500 and NASDAQ for the day. Nasdaq was the big winner Tuesday, April 13, gaining 1.05% on the day. The Dow closed at over 34,000 — at 34,036 — while the S&P 500 and tech-heavy Nasdaq jumped over 1 per cent each.
Buy a piece of Trump.


Xinjiang’s Part in World’s Solar PanelsDeep in Xinjiang sit factories that churn out almost half the world’s supply of polysilicon, used in solar panels all over the world. Beijing and Washington will need to weigh such consequences as they set their green goals.