Andy Hecht

Q4 2022 Results in Commodities and Looking Forward to 2023

Jan 03, 2023

The raw material markets moved higher in Q4 and were higher than at the end of 2021 on December 30, 2022. The commodity asset class consisting of 29 primary commodities traded on U.S. and U.K. exchanges moved 4.66% higher in Q4 2022 and was 3.83... more

Thin Conditions Could Cause Lots of Volatility During the December Holidays

Nov 30, 2022

As markets head into the final month of 2022, market participants continue to face uncertainty as the war in Ukraine continues, the Fed is battling the highest inflation in decades, gridlock in the US government is on the horizon in 2023, and... more

The Fed Remains Hawkish - What About Gold?

Nov 02, 2022

On November 2, the US Fed did precisely what the market had expected and increased the Fed Funds Rate by 75 basis points for the fourth consecutive time. In March 2022, the Fed Funds Rate was at zero percent, and today it sits at 3.75% to 4.00... more

Third Quarter 2022 Commodities Review

Oct 03, 2022

The commodity markets moved lower in Q3 but were still marginally higher than the level at the end of 2021. The commodity asset class consisting of 29 primary commodities that trade on US and UK exchanges moved 6.87% lower in Q3 2022 and was 0.70... more

Fasten Your Seatbelts for a Volatile Fall Season in Markets

Aug 31, 2022

Seasonality can be a significant factor for markets across all asset classes as it creates expectations and shapes sentiment. Markets move higher or lower when buyers dominate sellers or sellers overwhelm buyers. Therefore, the path of prices is... more

Bullish Reversal in Gold

Jul 31, 2022

COMEX gold futures reached a record high in 2011 at $1,911.60. After a four-year correction, the price reached a bottom at $1046.20 in late 2015. In August 2020, the price eclipsed the 2011 high, soaring to $2,063, and in March 2022, a higher... more

Q2 2022 in Commodities

Jul 04, 2022

The raw material markets moved lower in Q2 but were still higher than the level at the end of 2021. The commodity asset class consisting of 29 primary commodities that trade on US and UK exchanges moved 6.27% lower in Q2 2022 but was still 8.74%... more

Crack Spreads Say Crude Oil Will Continue To Rally

May 31, 2022

In early March, crude oil prices rose to their highest levels since 2008 when nearby NYMEX futures rose to $130.50, and Brent futures hit $139.13 per barrel. While crude oil reached a fourteen-year high, oil products did even better, soaring to... more

A Wild Month In Natural Gas

May 02, 2022

Natural gas futures began trading on the CME’s NYMEX division in 1990. Over the past thirty-two years, the price has traded from a low of $1.02 to a high of $15.65 per MMBtu. Wild price swings are nothing new for the natural gas futures arena,... more

Q1 Commodity Report and the Outlook for Q2 2022

Apr 05, 2022

The raw material markets asset class moved higher in the first quarter of 2022 after posting gains throughout 2021. The commodity asset class consisting of 29 of the primary commodities that trade on US and UK exchanges moved 16.01% higher in Q1... more