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Andrew Hecht

Wed, Oct 23rd, 2024

Andrew Hecht

Andrew Hecht

Andrew Hecht is a commodities trader and analyst with over forty years of experience. He began his career at Philipp Brothers, the world's leading merchant physical commodities trading company, in the 1970s through the 1990s. Hecht spent two decades with Philipp Brothers working in the commodities division, Salomon Brothers division, and at Phibro Energy where he ran trading, sales, and marketing in a wide range of commodity products. He subsequently worked with banks, hedge funds, and institutions trading commodities and managing risk. The business took him around the globe to assist producers and consumers. 

Andy has taught at the university level and writes prolifically on commodities for many portals. He has been one of the top-rated and followed contributors at Seeking Alpha and other sites, including Barchart over the past years.

Most Recent Stories

Is the VIX Still Too Low?

In late October 2024, the stock market has mostly avoided the October effect, which can cause significant downdrafts. However, stocks are not out of the woods, as the VIX signals that significant volatility...

$VIX : 18.47 (+1.48%)
$SPX : 5,851.20 (-0.05%)
VIXY : 12.63 (-0.24%)
Why is Gold’s Target over $3,300 per Ounce?

Gold has been rallying for a quarter of a century. Since 1999, every correction in gold has led to a higher high. In October 2024, gold is in uncharted territory, making picking upside targets challenging....

GCZ24 : 2,769.4 (+0.35%)
Energy in Q3- Where are Prices Heading in Q4 and Beyond?

The energy sector of the commodities market was the worst-performing sector in Q3, posting a double-digit percentage decline. Seasonality and other factors pushed most traditional energy prices lower,...

CLX24 : 72.09s (+2.17%)
LUX24 : 118.00 (+1.16%)
QAZ24 : 75.25 (-1.04%)
RBX24 : 2.0500 (-1.04%)
HOX24 : 2.2245 (-0.56%)
FLX24 : 1.57500s (+0.64%)
NGX24 : 2.292 (-0.82%)
Soft Commodities Q3- Where are They Heading in Q4 and Beyond?

Soft commodities continued their bullish tear in Q3 2024. The sector led the commodities asset class on the upside in Q3 and over the first nine months of 2024. While coffee and sugar futures posted double-digit...

CCZ24 : 7,175 (+0.49%)
OJX24 : 487.00s (-2.45%)
RMX24 : 4,469 (-0.40%)
CTZ24 : 72.47 (+0.54%)
SBH25 : 22.34 (+2.81%)
Base Metals in Q3- Where are they Heading in Q4 and Beyond?

Falling interest rates, a weaker U.S. dollar, and the improving prospects for China’s economy lifted base metals prices in Q3. Base metals include copper, aluminum, nickel, lead, zinc, and tin, which...

P6Y00 : 2,069.00s (+0.61%)
P8Y00 : 16,316.00s (-2.33%)
HGZ24 : 4.3420 (-0.88%)
P4Y00 : 2,633.50s (+1.46%)
Q2Y00 : 30,907.00s (-0.35%)
DBB : 20.78 (+1.22%)
P0Y00 : 9,583.00s (+0.25%)
Q3Y00 : 3,161.59s (+2.28%)
Precious Metals Q3- What are the Prospects for Q4 and Beyond?

While platinum declined, gold, silver, palladium, and rhodium prices increased in the third quarter. Gold and silver prices moved significantly higher over the first nine months of 2024, while platinum...

SIZ24 : 34.865 (-0.50%)
GLTR : 120.78 (+1.73%)
PLF24 : 928.6s (+1.90%)
GCZ24 : 2,769.4 (+0.35%)
PAZ24 : 1,077.50 (-0.36%)
Grains Recover in Q3- What are the Prospects for Q4 and Beyond?

The grain sector of the commodities market recovered in Q3 but remains the worst-performing sector of the commodities market over the first nine months of 2024. Grain prices have moved substantially lower...

ZWZ24 : 571-6 (-0.74%)
ZCZ24 : 416-0 (-0.12%)
ZSX24 : 988-6 (-0.30%)
ZOZ24 : 380-6 (-0.59%)
Cattle and Hogs- Animal Proteins Q3 and Beyond

Animal protein prices declined in Q3 2024 as the market moved into the offseason for demand. The grilling season ended in early September. Meanwhile, animal proteins posted impressive gains over the first...

LEV24 : 188.050s (+0.56%)
GFV24 : 249.425s (+0.75%)
Will the Dollar Index Hold 100- Does it Matter?

The U.S. dollar index is trading sideways, just above the psychological 100 level. While 100 is not technical support for the metric that measures the U.S. currency against other like-minded foreign exchange...

$DXY : 104.30 (+0.19%)
UUP : 29.19 (+0.10%)
ICE : 165.94 (-0.24%)
UDN : 18.32 (-0.22%)
Barchart- Commodity Market Roundup: September’s Top Performers and Underperformers

Energy prices (sans natural gas) fell, while most other commodity prices rose in September as interest rates and the U.S. dollar declined.

OJX24 : 487.00s (-2.45%)
GCZ24 : 2,769.4 (+0.35%)
SBH25 : 22.34 (+2.81%)
NGX24 : 2.292 (-0.82%)

Tweets @Barchart

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Stock Market Concentration Risk hits highest level in more than 90 years 🚨 Probably Fine https://t.co/DwUS8bohTY
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Source: Goldman Sachs H/T: @themarketear
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Traders have once again built the largest U.S. Equity Futures position in history, valued at more than $300 Billion 🚨 https://t.co/toPxD87gRR
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Japan's 40-Year Government Bond Yield rises to highest level since 2008 🚨 https://t.co/8Px83sHYA5
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Gold hits most overbought level since August 2019 🚨 https://t.co/3m0j0Gl9zw
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BREAKING 🚨: Japan Japanese Yen weakens to its lowest level against the U.S. Dollar since July https://t.co/NyqhMrKKu9 https://t.co/naasm9WZbo
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30-Year Mortgage Rate jumps to 7.26%, the highest level since July 🚨 But Rate Cuts? 🤦‍♂️ https://t.co/1AWy6BI8Re
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Stock Market hits most overvalued level since the peak of the Dot Com Bubble 🚨 https://t.co/68LJHXQtkT
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10-Year Treasury Yield hits 4.2%, the highest level since July 🚨 https://t.co/VsenePfq8X
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Legendary Hedge Fund Manager Paul Tudor Jones: “All roads lead to inflation! I’m long Gold, I’m long Bitcoin $BTC, and I’m long Commodities.” https://t.co/9K8u0j8OJt
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