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Commodities Briefing - Categorized | Financial, Market Moves more

The ins and outs of banks and commodities

Posted on 19 December 2013

For commodities traders, it would seem something else is certain apart from death and taxes: banks’ repeated entry into, and exit from, the commodities trading world. When Benjamin Franklin famously said that the only things that are certain in life are death and taxes, he clearly wasn’t thinking about the commodity business. For commodities traders, it would seem something else is certain: banks’ repeated entry into, and exit from, the commodities trading world.
Around the world, for two decades, banks have entered commodities with great fanfare. And then, many times, they’ve also exited, sometimes with their tails between their legs, citing various reasons for their departure. Catalogue of entrants History shows that some banking forays into base metals trading have not lasted………………………………………..Full Article: Source


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VRS - who has written 37718 posts on Opalesque Commodities Briefing.


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