Alex Beard, aged 43 (director oil commodity department), joined Glencore in May 1995 working in the oil commodity department as a marketer, responsible primarily for the CIS region and gaining expertise in high sulphur crudes.
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Often, traders have tended to take positions ahead of Fed releases or appearances in which market participants have factored in a greater likelihood of more QE, pointed out Bart Melek, director of commodity strategy, rates and foreign-exchange research for TD Securities.
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Bart Melek, vice president and director head of commodity strategy, rates and foreign exchange research at TD Securities, said that change in strategy by the Fed to outright purchases is supportive to gold.
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"The OCC has historically been thought to be sympathetic to banking interests, " said Michael Greenberger, a law professor at the University of Maryland and former director of the Commodity Futures Trading Commission's division of trading and markets.
Platinum is likely approaching the so-called marginal cost of production, which can trigger output cuts in any commodity, said David Wilson, director of metals research at Societe Generale.
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Bart Melek, vice president and director, head of commodity strategy, rates and foreign exchange research at TD Securities, said just chatter from Iran and Israel could push the risk premium on crude higher.
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All of this is supportive for gold prices, and it may prompt people to buy the yellow metal as an inflation hedge as worries that the current high oil prices will last into the summer, said Bart Melek, vice president and director, head of commodity strategy, rates and foreign exchange research and TD Securities.
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The idea is to build up a multi-commodity company by 2000, says president director Erry Riyana Hardjapamekas.
"PCs have increasingly become commodity products, " says Dane Anderson, director of computing systems research for International Data Corp. in Singapore.
"The most simple definition is: achieving the same energy service with less energy commodity, " says Bill Prindle, deputy director of the American Council for an Energy-Efficient Economy (ACEEE), an independent nonprofit organization.
Both men, Pierre Lapeyre and David Leuschen, had helped form Goldman's commodity trading business, and Leuschen had been a director at Aron.
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