Precious Metals And Cryptocurrencies-Third Quarter 2019 Review And The Outlook For Q4 2019

Precious Metals And Cryptocurrencies-Third Quarter 2019 Review And The Outlook For Q4 2019

Summary
• Precious metals are the best performing sector in Q3 and over the first nine months of 2019
• Silver leads the way with an over 11% gain
• Palladium is a runner-up on the upside with an almost 7.5% percentage gain- Rhodium continues to explode to the upside as the price rises to $5000 per ounce
• Gold moves close to 4% higher and platinum gains over 5%
• Digital currencies tank in Q3

Energy- Third Quarter Review 2019 And The Outlook For Q4 2019

Energy- Third Quarter Review 2019 And The Outlook For Q4 2019

Summary
• The energy sector posts a 4.64% loss in Q3- WTI crude oil retreats 7.53% while Brent slightly underperforms with an 8.48% loss.
• Gasoline and heating oil reflect seasonal factors
• Heating oil crack spread gains 10.88% while gasoline refining spreads move 45.16% lower in Q3.
• Natural gas gains 0.95% in Q3 as the rally from the lows of the year fizzles
• Ethanol moves 4.45% higher in Q3 with a late rally on the back of corn futures

Base Metals And Industrial Commodities- Third Quarter 2019 Review And Outlook For Q4 2019

Base Metals And Industrial Commodities- Third Quarter 2019 Review And Outlook For Q4 2019

Summary
• Base metals rise 2.71% in Q3 despite the escalation of the trade dispute between the US and China
• Nickel carries the sector high as an export ban in Indonesia pushes the price over 36% higher for the quarter
• Copper posts a loss on COMEX and the LME- Lead moves higher
• Aluminum, zinc, and tin move to the downside with the most significant decline in the illiquid tin market
• Iron moves lower after an over 30% gain in Q2 while the Baltic Dry Index explodes higher

Hecht Commodity Report

Category: Hecht Commodity Report

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