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VRS - who has written 47379 posts on Opalesque Commodities Briefing.


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Is India’s love affair with gold over?

Posted on 22 August 2016

India’s gold demand fell significantly in the first half of 2016. World Gold Council data show the combined demand for jewellery and investment at only 247 tonnes. Import during January-June was 248 tonnes, 42 per cent lower than the corresponding period last year and lowest since 2009.

Gold Price Likely To Go Much Higher On Safe Haven Demand

Posted on 22 August 2016

Gold has been climbing in the market throughout the year…and for good reason. Global economic conditions, central bank experiments and volatility in the market is all leading to strong safe haven demand. The big question is whether or not this will continue. The experts argue that the price of gold is going to continue climbing in value.

Plenty of upside left in gold stocks’ shining year

Posted on 22 August 2016

The sky-scraping performance of Australian gold mining stocks this year has led to the inevitable questions of when to expect a correction, but analysts say there’s potential still to be realised. Of the biggest names in the index, Evolution Mining has risen 86 per cent this year to date, Newcrest Mining 83 per cent, Regis Resources 74 per cent and Northern Star Resources 69 per cent.

Iron ore price continues to defy naysayers

Posted on 22 August 2016

The iron ore price has inched higher as the commodity continues to defy warnings that the effect of Chinese stimulus spending so far this year may not last. Iron ore added 0.3 per cent to $US61 a tonne in the most recent session, according to The Steel Index, from $US60.80 the previous day.

Mining companies sweat the big and small stuff

Posted on 22 August 2016

As big as houses and capable of carrying more than 200 tonnes of ore, giant haul trucks are the workhorses of vast mines from Mongolia to Chile. Chief executives have found a new use for the yellow monsters made by Caterpillar and Komatsu: as proof of the narrow focus and limited horizons of today’s global mining industry.

Your Investment Portfolio’s Missing ETF Piece

Posted on 22 August 2016

The framework for an architecturally sound investment plan is to have a core portfolio built upon core asset classes. Like the foundation of a building, your portfolio’s core must be built on a solid and stable footing.

Dollar Disaster Looms? China and Russian Currencies Break Away

Posted on 22 August 2016

Russia leaves the Dollar based monetary system and adopts a system of Sovereign Currency. The implications are phenomenal! “In 1990 the first priority of Washington and the IMF was to pressure Yeltsin and the Duma to “privatize” the State Bank of Russia, under a Constitutional amendment that mandated the new Central Bank of Russia, like the Federal Reserve or European Central Bank, be a purely monetarist entity whose only mandate is to control inflation and stabilize the Ruble.

Former Treasury Official Collyns on China’s Currency

Posted on 22 August 2016

A year ago, the People’s Bank of China jolted financial markets by devaluing the Chinese currency. Investors were rattled again when China’s yuan — also called the renminbi, or RMB — dropped last fall. They worried that China’s economy was weaker than anyone thought and that Beijing was driving down the currency to make the country’s exports more affordable overseas.

Analysts slash EU carbon price forecasts following Brexit

Posted on 22 August 2016

Analysts have slashed their price forecasts for European carbon prices after Britain’s decision to leave the European Union raised questions about the future of the European Emission Trading System (ETS), a Reuters poll showed on Friday.

Ending gas flaring more important than carbon trading

Posted on 22 August 2016

Oil companies have the responsibility to end gas flaring in Nigeria rather than seek to make money through carbon trading on gas flare out projects, a report has said. The report, ‘Up in Smoke: Gas Flaring, Communities and Carbon Trading in Nigeria,’ prepared by Social Action and released in Abuja on Tuesday, said all oil fields that continue to flare associated gas should be shut down to encourage development of associated gas-gathering infrastructure.

Conditions right for commodities to rally

Posted on 19 August 2016

The outlook for commodities is favourable, despite the fact most of them are trading below their 15-year median level, says Columbia Threadneedle. Commenting on the state of global equities, Columbia Threadneedle chief investment officer Mark Burgess noted that while commodities were trading at a lower level than in previous years, recent market signs indicated improvement may be just around the corner.

Commodities Bear Market Begins to Splinter (Video)

Posted on 19 August 2016

Alexander Dryden, strategist at JPMorgan Asset Management, discusses commodities and why he says we are entering the next phase of stabilization for the market. He speaks with Guy Johnson on Bloomberg Television’s “On The Move.”.

Bullish chart patterns across many commodity-related equities have triggered a move by active traders

Posted on 19 August 2016

According to Investopedia, the technical data available on commodities and mining companies is prompting traders to dive into mining commodity markets. “Bullish chart patterns across many commodity-related equities have triggered a move by active traders toward increasing exposure to physical assets and the companies that explore, develop and produce mineral properties,” wrote trade-focused journalist Casey Murphy this week.

Oil swings back into bull market

Posted on 19 August 2016

Brent crude rises above $50 a barrel on hopes of Opec production cap and drop in US stockpiles. The main global oil benchmark rose above $50 a barrel on Thursday afternoon, taking crude back into bull market territory, as hopes of an Opec production cap and a surprise drop in US crude stockpiles helped power a recovery in prices.

Why oil prices just stampeded into bull-market territory

Posted on 19 August 2016

Oil prices officially charged into a bull market Thursday as the prospect of an output freeze by major producers, data showing the first weekly fall in U.S. crude supplies in a month, and a decline in the dollar boosted prices.

Oil prices break back above $50 a barrel

Posted on 19 August 2016

Oil prices broke above $50 a barrel for the first time in five weeks as hope that the world’s largest suppliers may act to cut the glut in global supply continues to drive prices higher for a sixth consecutive day.

Oil Price Recovery Likely to Continue

Posted on 19 August 2016

Oil prices, which earlier Thursday broke through a key psychological level of $50 a barrel, are likely to continue recovering into next year as supplies tighten, but that recovery is still fragile and the path ahead is rocky, the chief executive of Premier Oil PLC said.

New OPEC Freeze Wouldn’t Be So Potent as Gulf Rivals Pump More

Posted on 19 August 2016

Even if OPEC strikes a deal with Russia next month in Algiers to freeze oil production, success will mean a lot less than when they tried and failed four months ago. Oil has rallied more than 10 percent since the Organization of Petroleum Exporting Countries said that it will hold informal meeting in the Algerian capital, fanning speculation the group could complete a supply agreement with rival producers that sputtered in April.

Rally in gold may continue

Posted on 19 August 2016

There may be further upside, as negative real interest rates in developed world unlikely to end soon. Gold has risen about 26.1 per cent year-to-date in 2016. The strong rally in yellow metal has raised three questions for investors: Will the rally continue? Will it be prudent to make fresh investments at current levels? And, should existing investors stay put or book profits?

Gold Bull Market Should Keep Its Shine, Charts Say

Posted on 19 August 2016

With the Federal Reserve potentially raising interest rates this year and a stronger U.S. dollar being a likely result, gold’s rally could be nearing an end. After all, gold and the dollar generally have an inverse relationship.

Why Global Outlook Gleams on Gold

Posted on 19 August 2016

A reading of July’s Federal Reserve policy meeting minutes doused investor expectations of a near-term hike of lending rates. Gold can be seen rising as traders scramble for safe-havens in the absence of attractive yield-bearing assets.

Gold Boosted By Bullish ‘Outside Markets’

Posted on 19 August 2016

Gold prices ended the U.S. day session moderately higher Thursday, supported by a lower U.S. dollar index and higher crude oil prices. December Comex gold was last up $8.00 an ounce at $1,357.00. September Comex silver was last up $0.102 at $19.75 an ounce.

LBMA says banks back its plan to change London gold market

Posted on 19 August 2016

Members see an electronic trade repository as the best way to improve transparency. The body charged with regulating London’s $5tn a year gold market says banks in the city are backing its plans to bring greater transparency to the market as the London Metal Exchange prepares to launch a gold futures exchange.

Iron ore price hovers above $US60 a tonne

Posted on 19 August 2016

The iron ore price has slipped further but continues to hold above the $US60 a tonne threshold, despite a fresh prediction from ratings agency Moody’s that the commodity is set to fall from its current elevated level.

Copper price is going nowhere

Posted on 19 August 2016

New report says base metal prices have bottomed, but there’s hardly any upside – and that includes the zinc price. Credit ratings agency Moody’s warned at the beginning of the year that the current downturn in raw materials was like no other and that defaults among mining and metals companies could reach levels last seen during the height of the financial crisis.

Silver Miners ETFs Can Keep Soaring

Posted on 19 August 2016

The Global X Silvers Miners ETF and the PureFunds ISE Junior Silver Small Cap Miners/Explorers ETF are two of this year’s best-performing non-leveraged exchange traded funds. In fact, SILJ is this year’s best-performing non-leveraged ETF and that contest is not even close.

Why Leveraged ETFs Are Horrible Investments

Posted on 19 August 2016

Exchange-traded funds have surged in popularity in recent years. As they’ve gained traction, they’ve also become more diverse, and one of the more high-profile ETF types to emerge has been the leveraged ETF.

Assets Invested in ETFs/ETPs Listed Globally Reached Record By June 2016

Posted on 19 August 2016

ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed globally reached a new record high US$3.343 trillion at the end of July 2016.

Currency conversion: where to get more euros for your pound

Posted on 19 August 2016

It’s emerged that some bureaux de change are now charging more than £1 for a euro. Currency exchange desks at two UK airports were offering just 99 cents for a pound this week, according to currency specialist Caxton FX. It is the first time the exchange rate has been this bad in three years.

Mongolia lifts rates to halt currency slide

Posted on 19 August 2016

Public spending cuts ordered after tugrik tumbles to record low against dollar. Mongolia raised interest rates to 15 per cent from 10.5 per cent and froze some public spending on Thursday after the tugrik hit a record low against the US dollar following 23 days of weakening.

Brexit Concerns Prompt Cut in BNEF’s Outlook for Carbon Prices

Posted on 19 August 2016

Uncertainty over Britain’s future participation in the European Union carbon market led Bloomberg New Energy Finance to cut its outlook for pollution prices by 14 percent following the decision by U.K. voters to leave the EU.

China’s Carbon Markets: How Beijing Is Leading With Cap-and-Trade

Posted on 19 August 2016

China was deathly hot and fevered with excitement about the Olympics, which it was about to host. I was there for a celebration of another sort: the ceremonial signing of an agreement I had helped negotiate to create the Tianjin Climate Exchange (TCX), the first of China’s seven pilot carbon markets.

The Global Economy has a Darker Side

Posted on 19 August 2016

A Paris prosecutor recently called for the former CEO and six senior managers of telecoms provider, France Télécom, to face criminal charges for workplace harassment. The recommendation followed a lengthy inquiry into the suicides of a number of employees at the company between 2005 and 2009.

After years of pain, coal becomes one of the hottest commodities of 2016

Posted on 18 August 2016

Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities.

Oil, Metals, and a Rebalancing of Commodities Supplies (Video)

Posted on 18 August 2016

David Wilson, director of metals research and strategy at Citigroup, and Michael Cohen, head of energy commodities research at Barclays, discuss supply growth in the metals and energy markets, . They speak with Bloomberg’s Alix Steel on “Bloomberg ‹GO›.”.

Crude prices may stay near $50/bbl on supply worries: JP Morgan

Posted on 18 August 2016

Ian Hui of JP Morgan Asset Management says there is talk of the Organization of the Petroleum Exporting Countries (OPEC) considering a production freeze which might weigh down crude supply numbers. Expectations of changes in supply are more likely to be driving crude prices higher right now feels Ian Hui of JP Morgan Asset Management.

Oil futures end higher after a choppy session

Posted on 18 August 2016

Oil futures finished higher Wednesday, getting a lift from bigger-than-expected declines in U.S. supplies of crude and gasoline as well as a retreat in the dollar following minutes from the Federal Reserve’s July meeting.

Saudi Arabia has oil traders hanging on every word

Posted on 18 August 2016

Kingdom offers a reminder that well-chosen words can move the oil market. Central bankers have long understood that a few well-placed words can wield nearly as much power as pulling the actual levers of monetary policy. It is a lesson that Opec and Saudi Arabia has started to heed.

Oil Era Not Over Yet, OPEC Will Help Rebalance Market

Posted on 18 August 2016

It is premature to say that the oil era is nearing its end, Saudi researcher and economic adviser Yousef Al-Zamel told Sputnik. According to him, meetings between OPEC members and non-OPEC producers would help the oil market.

OPEC’s Former Head Says Conditions Right for Oil-Freeze Deal

Posted on 18 August 2016

OPEC is on course to strike an output-freeze deal with fellow oil producers in Algiers next month because its biggest members are already pumping flat-out, the group’s former president said.

Prickly Iran Defies, Then Keeps OPEC Guessing

Posted on 18 August 2016

Iran is trying to make a comeback after years of crushing economic and financial sanctions placed against its energy sector by Western powers over Tehran’s nuclear ambitions.

Gold demand surges amid fears for world economy

Posted on 18 August 2016

Demand for gold jumped in the wake of the Bank of England’s decision to cut interest rates earlier this month, the Royal Mint has revealed. Sales of gold bars and coins jumped by half, while transactions of the precious metal leapt by a quarter as rates were chopped to 0.25 per cent.

Global demand for gold will continue to remain strong, and price higher: Experts

Posted on 18 August 2016

The global economic crisis will continue to drive the demand for gold and silver worldwide. Bullion experts at the India International Gold Convention (IIGC) organized by Foretell Business Solutions unanimously expressed that global demand will continue to remain strong, and price higher.

Here’s One Reason Why Gold Could Soon Skyrocket by 48.15%

Posted on 18 August 2016

If you are looking for the next big trade, look at gold prices. The yellow precious metal is trading at severely low prices, and it may be set to provide massive gains. As it stands, there’s a gold rush in play, and no one is talking about it. We see consumers, investors, and central banks running to buy the precious metal. In the process, they could send gold prices through the roof.

Spectacular Chinese Gold Demand 2015 Fully Denied By GFMS And Mainstream Media

Posted on 18 August 2016

Debunking the Thomson Reuters GFMS Gold Survey 2016 report. New information provides a more detailed perspective on the Chinese domestic gold market. In the Gold Survey 2016 report by GFMS that covers the global gold market for calendar year 2015 Chinese gold consumption was assessed at 867 tonnes.

How to invest in gold bars, bullion and investment funds

Posted on 18 August 2016

There’s been a surge in demand for gold as interest rates fall. Here’s how you can put your money into it and what it might cost. The recent Bank of England Base Rate cut has led to a surge in demand from people wanting to invest in gold, says the Royal Mint.

Premium of zinc over lead retreats after hitting 9-year peak

Posted on 18 August 2016

The premium of the zinc price over sister metal lead is due to extend its decline in coming weeks after touching a high of close to $500 last week, the strongest since 2007. Zinc is expected to struggle to hit fresh peaks as investors worry about possible restarts of closed mines at the same time lead moves into its strongest seasonal period for demand.

The Crash in Iron Prices is Just Weeks Away, Metals Bear Says

Posted on 18 August 2016

Axiom Capital’s Gordon Johnson, a noted bear on iron ore and steel–and the stocks of companies like U.S. Steel (X) and Cliffs Natural Resources (CLF) that produce them–sees a crash in iron-ore prices coming as soon as the next four to eight weeks.

Advisers should think twice before adding volatility ETFs to client portfolios

Posted on 18 August 2016

If your clients are worried about stock market volatility, your first question might be to ask them why. And if you’re considering using a volatility exchange-traded fund to combat volatility, you might ask yourself why as well.

European ETF market hits all-time AUM high

Posted on 18 August 2016

Assets under management in Europe’s exchange-traded funds (ETF) market hit €473.6 billion in July, marking a new record high for the passive investment universe. According to Lipper figures, the July data indicated an increase from the previous high of €452.8 billion, which was achieved in June of this year.

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