HedgePoint Global Markets Appoints Philip Lotz as Executive Chairman
HedgePoint Global Markets Appoints Philip Lotz as Executive Chairman HedgePoint Global Markets (HedgePoint) is pleased to announced the appointment of Philip Lotz to the role of Executive Chairman, effective February 1
st. Mr. Lotz was appointed to the HedgePoint Board of Directors when Albright Capital and De Jong Capital acquired the Structured Commodities division of ED&F Man Capital Markets, now rebranded as HedgePoint Global Markets, in a transaction announced on January 12, 2021. Our team has gotten to know Phil over the past four months in preparation for our transition out of ED&F Man Capital Markets, and it is clear he brings the right mix of industry experience and skill to lead HedgePoint in this important new step of our journey. We are thrilled to welcome him to our team, said Heber Cardoso, who founded the business under ED&F Man Capital Markets in 2014 and is now President and Chief Commercial
February 2, 2021
Silver futures and ETF prices tumbled on Tuesday, giving back much of the gains made over the prior few days, as it seems the attempted short squeeze in the silver market by retail traders has quickly lost momentum.
The move in silver dragged down gold, where April gold futures lost more than $26 or 1.35%. Silver futures tumbled roughly 10% to trade near the $26.50 level.
Silver’s monstrous pullback from Monday’s eight-year high of $30.35 in the March futures suggests a failure by retail traders to maintain a short squeeze. The big jump in silver futures caught the attention of the Commodity Futures Trading Commission (CFTC), with acting Chairman Rostin Behnam stating that the futures regulator is “closely monitoring” the activity.
Silver drops from eight-year peak as stellar rally loses steam yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Blankfein Called It, Now the Whole World Is Watching Commodities
Bloomberg 1/16/2021 Isis Almeida, Michael Tobin, Andres Guerra Luz and Michael Roschnotti
(Bloomberg) It was mid-September when Lloyd Blankfein, the former chief executive officer of Goldman Sachs Group Inc., suggested investing in commodities was “not a bad thing.” Prices for most materials were just off pandemic lows and the asset class was still very much the ugly duckling.
Fast forward four months and commodities are surging. Goldman Sachs, Bank of America Corp. and Ospraie Management LLC have all called for a bull market as stimulus kicks in and vaccines help the world emerge from the coronavirus crisis. JPMorgan Chase & Co. has also joined the chorus, advising clients to boost their exposure to materials while reducing investments in bonds.