Commodity Research Group

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, market experts Edward Meir of CRG and Ben Ryan of Vela Trading Systems discuss key precious metals and bitcoin.

Vela is a global financial technology provider of high performance trading, market data, and analytics technology solutions.

Vela offers an end-to-end multi-asset Direct Market Access (DMA) platform connected to over 60 global exchanges; high-performance and low-latency market data and market access; industry leading pre-trade risk controls; post-trade processing; trading analytics; plus, a front-end for price discovery, execution, and risk management.

[00:30] Introduction – Ben Ryan of Vela

[02:00] Gold general outlook

[03:00] Gold’s Technicals

[04:00] Gold’s Fundamentals

[04:30] Gold and the recent action in the US stock market

[05:45] Is gold a “safe haven” anymore?

[07:20] Gold and the S&P-500 ratio

[08:30] The tariff picture and its impact on the markets

[13:00] Bitcoin and gold

[15:15] Gold 2018 price outlook

[17:55] Silver

Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.

Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with    the NFA as an independent introducing broker.

Ben Ryan has over eight years of trading experience with an expertise in the futures and options space. As a market maker on the Comex, Ben has managed futures and options portfolios through multiple market cycles. He has written extensively on the state of the gold and currency markets. Ben also teaches classes and seminars on options theory and has consulted on the structure of derivative markets.

He currently works at Vela Trading Systems generating solution based sales and managing accounts for hedge funds, banks, and money management firms. Ben holds a B.A. in Psychology from Georgetown University.

Commodity Research Group

Commodity Research Group Podcast

VelaTT.com

EKT Interactive Oil and Gas Podcast Network

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The post March 2018 Gold, Silver and Bitcoin Highlights with Ben Ryan appeared first on EKT Interactive.

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.

Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.

Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques.  Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.

Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.

He has conducted trading, hedging and risk management workshops in energy markets worldwide.

Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.

Commodity Research Group

Commodity Research Group Podcast

EIA.gov

OPEC.org

Contango vs Backwardation

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

The post March 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.

[01:30] EIA Data, ‘It’s killing us!’

[09:18] OPEC: Upcoming July meeting; How to exit quota

[11:20] Cushing is draining

[14:45] Options: CSO’s and $57 Put

[18:50] Fund flow

[21:30] Global demand is strong

[26:00] Venezuela status

[27:30] Inventories will build from here

[29:30] What to look for from here

Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.

Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques.  Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.

Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.

He has conducted trading, hedging and risk management workshops in energy markets worldwide.

Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.

Commodity Research Group

Commodity Research Group Podcast

EIA.gov

OPEC.org

Contango vs Backwardation

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

The post February 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.

[01:20] Why oil prices are up

[06:00] OPEC and Venezuela

[7:15] Global demand picture

[10:30] EIA: Where US oil production ended up for 2017

[14:45] Is the market too long?

[17:10] Global inventories

[20:00] How high prices affect June OPEC decision

[22:10] Oil and product exports

[27:30] Price outlook

Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.

Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques.  Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.

Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.

He has conducted trading, hedging and risk management workshops in energy markets worldwide.

Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.

Commodity Research Group

Commodity Research Group Podcast

EIA.gov

OPEC.org

Contango vs Backwardation

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

The post January 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, market experts Edward Meir and guest Fred Demler discuss key elements driving base metals.

Demler Hedge Advisory LLC offers a wide range of consulting services to help corporate enterprises manage their metals price risks.

They partner with clients from start to finish, focusing on hedging solutions to offset physical price exposures, advise on hedge administration and control, offer metals market intelligence, and providing customized hedge workshops and support.

[02:10] The mood in China

[04:00] ‘Seed of a rebound are in place’

[05:00] Main drivers of base metals prices for 2018 – China production cutbacks

[07:10] Labor contracts up for 2018

[11:10] Supply tightness while all major economies grow

[13:30] LME / CME / Shanghai – Competition among exchanges

[20:00] The Chinese fund advantage

Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.

Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.

Fred Demler worked at INTL FCStone as Executive Vice President and Global Head of Metals (2011-2017). Prior to joining INTL, Mr. Demler worked for MF Global (1993-2011) for 18 years as the Global Head of Commodities managing metals, energy, agricultural products, and the emerging markets such as power, emissions, and OTC cleared products.

Fred has written numerous reports on the commodities markets; price-risk management and forecasting, teaches various workshops on hedging, lectures at various universities domestically and internationally, and has advised the Bank of England, the Bank of Japan, and the Bank of France, G-20 and the G-30 (Group of 30) on the commodities markets, the impact of the funds, and the role of China in the commodity markets. Mr. Demler was awarded a Cat 7 Honorary Membership by the London Metals Exchange.

Commodity Research Group

Commodity Research Group Podcast

Demler Hedge Advisory

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

The post Commodity Research Group Talks Base Metals with Fred Demler appeared first on EKT Interactive.

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.

[01:20] Latest OPEC meeting and volatility

[08:00] Supply / Demand balance and guidance

[15:00] IEA demand numbers look off

[17:00] US product stocks

[19:45] US crude exports and stock draws

[22:30] US production growth expectations

[23:45] Dec $60 call and price expectations

[25:30] Too long? Beware…

[28:10] Refinery runs

[30:30] What to watch

Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.

Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques.  Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.

Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.

He has conducted trading, hedging and risk management workshops in energy markets worldwide.

Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.

Commodity Research Group

Commodity Research Group Podcast

EIA.gov

OPEC.org

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

The post December Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.

[02:00] Top of expected range – Fundamentals improving

[04:30] Backwardation explained

[05:35] Domestic stocks drawing & export demand

[09:00] Brent market strong – Macro picture

[11:30] Speculative length

[16:15] OPEC Compliance, Iraq and Iran updates

[19:40] Options – Dec $60 call, Gamma rush?

[24:30] US product picture

[29:30] Bump up the range, but $60 questionable (WTI)

[30:45] Historical perspective – 1988 volatility crash

Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.

Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques.  Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.

Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.

He has conducted trading, hedging and risk management workshops in energy markets worldwide.

Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.

Commodity Research Group

Commodity Research Group Podcast

EIA.gov

OPEC.org

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, market experts Edward Meir and Jim Colburn discuss key elements of the metals and currency markets.

Vela is a global financial technology provider of high performance trading, market data, and analytics technology solutions.

Vela offers an end-to-end multi-asset Direct Market Access (DMA) platform connected to over 60 global exchanges; high-performance and low-latency market data and market access; industry leading pre-trade risk controls; post-trade processing; trading analytics; plus, a front-end for price discovery, execution, and risk management.

Vela clients benefit from award-winning managed services, customer support, and world-class professional services from an experienced team comprised of seasoned financial services industry experts and cutting-edge technologists.

[01:25] Introduction – Ben Ryan of Vela

[02:00] Liquidity as market has moved from floor to electronic trading

[06:20] Price discovery and spreads

[09:45] What happened to the floor traders?

[12:00] Effect of equity bull market on options volatility

[13:40] Central banks as the new safe haven

[15:15] Fed rate outlook

[18:00] Don’t fall in love with narratives

[21:25] Keep an eye on price

[22:40] Upside call buying – Call skew in gold

[25:25] Gold portfolio allocation and future outlook

Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.

Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.

Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.

He has conducted trading, hedging and risk management workshops in energy markets worldwide.

Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.

Commodity Research Group

Commodity Research Group Podcast

VelaTT.com

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

The post Commodity Research Group Talks Gold With Guest Ben Ryan Of Vela appeared first on EKT Interactive.

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.

[01:30] Crude oil exports – WTI/Brent Arb – Effects of Hurricane Harvey

[07:50] Product exports and refinery restarts

[09:35] Turnarounds delayed – Cracks strong

[10:30] Distillate inventories low – Market is long

[15:30] IEA and fund length

[17:50] China demand remains strong

[19:40] OPEC outlook

[21:30] Rebalancing and days supply

[22:50] Options: $60 call and spread options

[29:00] Price forecast – Expect range to continue

Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.

Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques.  Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.

Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.

He has conducted trading, hedging and risk management workshops in energy markets worldwide.

Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.

Commodity Research Group

Commodity Research Group Podcast

EIA.gov

OPEC.org

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

The post October Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, market experts Edward Meir and Jim Colburn discuss key elements of the metals and currency markets.

[01:25] Base metals on a tear – Follow China

[03:00] Aluminum production dropping

[06:20] Eye on upcoming China communist party meeting

[07:20] Copper – Supply back better than expected – Deliveries to LME

[11:25] China property market still red hot

[12:10] Gold story and outlook – hard to determine

[15:40] Palladium – Strongest commodity on US & China auto outlook

[18:00] Platinum and Euro diesel automobile outlook

[19:15] Electric vehicles and metals

[23:30] US dollar and the Fed

[30:00] Global economies in sync

Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.

Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.

Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.

He has conducted trading, hedging and risk management workshops in energy markets worldwide.

Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.

Commodity Research Group

Commodity Research Group Podcast

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

The post September Macro Analysis – Metals, Currencies, Global Economy in Sync appeared first on EKT Interactive.