Sunday, February 07, 2021

 Notes Today: 

  • It seems that the attempted Silver short squeeze by the Reddit crowd has at least temporarily failed. Yet, rising demand as the economy picks up steam may drive prices higher in the long run.


  • Guardian: The volume of exports going through British ports to the EU fell by a staggering 68% last month compared with January last year, mostly as a result of problems caused by Brexit.
  •  Bloomberg: Commodities have been on a tear since March and have surged to the highest level in more than six years, with rallies in everything from iron ore to soybeans, copper, and corn. Goldman Sachs Group Inc., Bank of America Corp. and Ospraie Management LLC are among institutions that have endorsed raw materials as investment plays and predict they have more room to climb.

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