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VRS - who has written 47920 posts on Opalesque Commodities Briefing.


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Russia Bought 24 Tons of Gold in August

Posted on 26 September 2016

In the face of everything that is going on during this insane election cycle, it is easy to forget that there are forces operating behind the scenes, regardless of what the news cycle is reporting on.

Nickel falls as Citi sees Philippines audit ‘underwhelming’

Posted on 26 September 2016

Nickel led metals lower, retreating from its biggest weekly gain in almost three months, after Citigroup Inc said it expects fourth-quarter price declines and an “underwhelming” impact from the Philippines’ mines audit due to be released this week.

5 Contenders for the Top Income ETF

Posted on 26 September 2016

The best dividend ETF should pay a high yield from a diversified portfolio of dividend stocks while offering the potential for investors to earn additional returns from capital appreciation. To that end, here’s a list of what I believe to be the five best dividend ETFs out of more than 100 dividend ETFs on the market today:

A Weaker Currency Is No Longer the Economic Elixir It Once Was

Posted on 26 September 2016

A weaker currency, once the cure-all for ailing economies around the world, isn’t the panacea it once was. Just look at Japan, where the yen plunged 28 percent in the two years through 2014, yet net exports to America still fell by 10 percent in the span. Or at the U.K., where the pound’s 19 percent tumble in the two years through 2009 couldn’t stave off a 26 percent decline in shipments to the U.S.

Currency volatility poised to surge as US election, Fed loom

Posted on 26 September 2016

Volatility in the $5.1-trillion-a-day (Dh18.7 trillion) foreign-exchange market is down, but not out, according to UBS AG. Currency swings will increase later this year as investors weigh the potential outcome of the US presidential election and the likelihood of a Federal Reserve year-end interest-rate increase.

An honest carbon tax

Posted on 26 September 2016

Today, let’s examine the only transparent and effective method of reducing greenhouse gas emissions linked to climate change. One that Prime Minister Justin Trudeau and Canada’s premiers are ignoring. It’s called carbon fee and dividend.

The world is watching as California steps up — again — on climate change

Posted on 26 September 2016

Almost no one is talking about it, but California Gov. Jerry Brown (D) signed a hugely consequential bill this month. The law, SB 32, drastically ramps up the state’s landmark climate change law in the world’s sixth-largest economy. The world is watching closely: If California’s policy appears to be working, it will be copied in states and countries across the globe. Which makes it all the more important for state leaders to get it right.

Buy, Hold & Lose: How a Commodities Roll Undercuts Investors

Posted on 23 September 2016

Investors in commodity index funds are coming up short in 2016, even after rallies in more than a dozen raw materials, including sugar, gold and soybeans. While spot prices tracked by the Bloomberg Commodity Index are up 16 percent this year, the total return for funds linked to the gauge was about half that amount, data compiled by Bloomberg show.

Considering Commodities Amid A.P. Moeller-Maersk’s Split (Video)

Posted on 23 September 2016

Jonathan Bell, chief investment officer at Stanhope Capital, discusses A.P. Moeller-Maersk splitting and outlook for the commodities market as a whole. He speaks with Guy Johnson, Nejra Cehic and Caroline Hyde on Bloomberg Television’s “On The Move.”.

Chinese commodity demand still has ‘legs to run’

Posted on 23 September 2016

To the surprise of many, 2016 has turned out to be a good year for commodity prices, recovering strongly from the lows seen earlier in the year. It’s been such a dramatic turnaround, coming after years of sliding prices, that analysts at Macquarie Wealth Management dubbed the recovery as a “mini-renaissance” for the sector in a research note released earlier this week.

Oil price to average above $50 a barrel in 2017, ratings agency says

Posted on 23 September 2016

Oil prices are likely to average more than $50 (US) a barrel next year after reaching a low point last winter, according to a report released Wednesday by DBRS. The cost per barrel of West Texas Intermediate (WTI) has risen to roughly $43 (US) from $26 (US) since January and is likely to stay in that range for the next few months as global supply continues to exceed demand, the credit rating agency says.

Here’s what to expect from OPEC oil-output-freeze talks

Posted on 23 September 2016

One day major oil producers support a production cap, and the next day they don’t. Members of the Organization of the Petroleum Exporting Countries and Russia will meet on the sidelines of the International Energy Forum in Algeria on Sept. 28 and it could end just like the summit in Doha did last spring—without an agreement to limit production—as producers haggle over who makes the first move.

What Happens to Energy Investments if Oil Prices Don’t Recover?

Posted on 23 September 2016

A rebound in crude oil prices lifted energy investments this year, with names of super-major oil producers like Exxon Mobil Corp. and Chevron Corp. (CVX) sporting double-digit gains so far in 2016 after sharp losses in 2015.

Oil Price Likely to Rally in 2018

Posted on 23 September 2016

Morningstar analysts have raised their price forecast for oil to $65 a barrel as fundamentals post 2017 are looking particularly bullish for prices. Strong demand growth and supply issues have pulled forward the oil price recovery by about a year relative to our previous outlook. Fundamentals after 2017 are looking particularly bullish for prices, and an oil price rally in 2018 is looking more and more likely. We’ve raised our 2018 forecast to $65 per barrel.

Iraq OPEC governor says market circumstances right for global oil deal

Posted on 23 September 2016

Iraq’s OPEC governor Falah Alamri said on Thursday that oil market circumstances are now more favorable for OPEC and other oil producers to reach a deal to support the market when they meet next week in Algeria.

Is OPEC All Talk?

Posted on 23 September 2016

Global oil market still moves on cartel’s communication, but fewer oil traders and analysts take it seriously. A now-familiar pattern ensued Monday after Venezuelan President Nicolás Maduro said the world’s big oil producers were close to clinching an output deal—oil prices rose more than 1% early that day, and then quickly fell, posting losses by Tuesday.

Russian Energy Minister Says Hopes for Constructive OPEC Dialogue in Algeria

Posted on 23 September 2016

The Russian Energy Ministry is hoping for a constructive dialogue within the framework of the member states of the Organization of the Petroleum Exporting Countries (OPEC) in Algeria, Russia is ready to coordinate its actions with other oil producers in order to coordinate their actions on the market, Energy Minister Alexander Novak said Thursday.

Africa gold reserves now worth $1.5 trillion

Posted on 23 September 2016

A new report by SNL Metals and Mining shows Africa at the top of tables when it comes to the value of gold still in the ground. Using the combined value of reserves and resources reported by explorers and mining companies active on the continent, the research company, calculated a figure of $1.48 trillion for primary gold projects.

Russia Targets China for Gold Sales as VTB, Sberbank Expand

Posted on 23 September 2016

Russia’s gold sales in China are set to expand as VTB Capital boosts sales and Sberbank PJSC prepares to enter the market, chasing demand in the world’s biggest consumer of bullion.

Jim Grant: Gold is the play off a confusing Fed

Posted on 23 September 2016

Contrarian investor and widely followed author Jim Grant joined CNBC’s Kelly Evans to discuss the potential trajectory of gold and other assets after the Fed’s decision to leave interest rates unchanged.

Analyst: Gold Could Fall Below $1,000 in 2017

Posted on 23 September 2016

Most investors vividly remember the frenzy about gold during the Brexit. Everyone and his uncle was talking about gold, and mainstream media were excessively optimistic. We warned our readers at that time, as sentiment was extreme right at a time when the secular bear market trend was being tested.

Big gold miners see muted M&A as bullion’s rise limits bargains

Posted on 23 September 2016

The world’s biggest gold miners will stay shy of big acquisitions, top executives said this week, noting that a jump in the price of bullion has made potential purchases pricey, and memories of failed deals linger.

Learn More About The First And Only Dorsey Wright Commodity ETF

Posted on 23 September 2016

Elkhorn Investments, founded by Ben Fulton, former Managing Director of Global ETFs at Invesco PowerShares, is launching the first ever Dorsey Wright commodity ETF with no K-1. The Elkhorn Commodity Rotation Strategy ETF (DWAC) is an actively-managed, tactical, momentum-based commodity strategy with an intelligent futures roll strategy.

Commodity funds in fee ‘bonanza’ as assets soar 46%

Posted on 23 September 2016

Commodity funds and ETFs have seen assets soar 46 per cent since the end of last year creating a bonanza for providers due to the high fees they charge on the niche products, Cerulli Associates analysis reveals.

Renminbi to the rescue? How the rise of China’s currency could boost the British economy

Posted on 23 September 2016

Chinese investment in Britain could increase in the short-term future after London became the second-largest offshore clearing centre for the renminbi, even though the UK capital’s lead in the currencies-trading business is shrinking.

Morgan Stanley Says Plan for Weaker Dollar as Fed Stays on Hold

Posted on 23 September 2016

Morgan Stanley said the dollar will suffer more losses as the greenback fell for a second day after the Federal Reserve refrained from tightening policy and lowered its long-term path for interest rates.

China to launch pilot energy trading programme

Posted on 23 September 2016

Scheme designed to cap energy consumption by allocating quotas to companies. China is planning to use a pilot programme for energy trading between companies next year as it seeks to curb carbon emissions by forcing companies to use energy more efficiently.

31 more countries ratify Paris Agreement on climate change

Posted on 23 September 2016

The Paris Agreement on climate change moved closer to enter into force this year as 31 more countries on Wednesday joined it at a special event hosted by the United Nations Secretary-General Ban Ki-moon in New York.

Commodity bulls dare to exude optimism

Posted on 22 September 2016

After five lean years some investors sense a turning point for the sector. After five years of consecutive declines, has the commodities market finally bottomed? With a leading index up 7 per cent from the start of the year and a jump in investment flows into the market, some investors are daring to be optimistic although others remain resolutely on the sidelines.

Commodity Traders Face Tougher Rules as EU Curbs Speculation

Posted on 22 September 2016

Traders in commodities from sugar to oil may face tougher regulation in the European Union as policy makers wrangle over new rules intended to curb speculation. European Parliament lawmakers warn that the EU’s latest proposals for preventing market abuse and spikes in food prices aren’t strict enough.

OPEC Oil Freeze? Investors Beware

Posted on 22 September 2016

Algeria’s new energy minister, Noureddine Bouterfa, confidently said on Monday that if next week’s talks at the International Energy Forum in his native Algeria go well, then a follow up OPEC meeting could be scheduled before November 4 to head toward a freeze. He also believes a freeze could balance the oil market for at least 6 months.

McKinsey Energy Insights: Oil market glut will extend into 2017

Posted on 22 September 2016

The persistent oil glut has now pushed a price recovery into the second half of 2017, a new report from McKinsey Energy Insights found. McKinsey modeled four possible scenarios: a fast recovery, a slow recovery, under-investment and supply abundance.

Gold Seen Entering a Long-Term Bull Cycle

Posted on 22 September 2016

Gold will likely soar to a record within five years as asset bubbles burst in everything from bonds to credit and equities, forcing investors to find a haven, according to Old Mutual Global Investors’ Diego Parrilla.

Emerging markets hold key to gold’s renaissance

Posted on 22 September 2016

Central bank decisions on gold holdings will shape yellow metal’s long-term outlook. The rebuilding of central bank gold reserves since the financial crisis in 2008 marks the latest phase in a two centuries-long cycle of changing policies on the yellow metal, which fall into seven distinct periods or ages.

Gold Miners Look Past Fed ‘Headwind’ to Stay Upbeat on Price

Posted on 22 September 2016

Not even the prospect of the Federal Reserve raising interest rates is enough to crush gold executives’ enthusiasm. Prices will reach $1,385.63 an ounce by the end of the year, according to the average estimate in a survey of 16 participants at the Denver Gold Forum, the 27th annual gathering of mining executives, hedge funds, bankers and analysts that attracted more than 1,100 attendees. The forecast is 5.1 percent above Tuesday’s closing futures price.

The ultimate gold investing primer

Posted on 22 September 2016

When it comes to investing in gold, there’s more than one way to skin a cat. The form in which you hold this yellow metal will largely depend on why you own it in the first place. The way that is most sensible for you will depend on a variety of factors, including liquidity needs, tax status and privacy concerns, among others.

Trump and Clinton Are “Positive For Gold” – $1,900/oz by End of Year

Posted on 22 September 2016

Trump or Clinton are “positive for gold” and prices could rise to between $1,700 and $1,900 per ounce by year end according to Canadian gold mining magnate Rob McEwen. Gold “is a currency that doesn’t have a liability attached to it,” McEwen said Tuesday in an interview with Bloomberg at a gold conference in Colorado Springs.

Global copper market sees deficit of 83k in June, 306K in H1: ICSG

Posted on 22 September 2016

The global refined copper market for June showed an apparent production deficit of around 83,000 mt, mainly due to strong Chinese apparent refined copper demand, the International Copper Study Group said Tuesday.

Iron Ore Prices: Will They Keep Falling?

Posted on 22 September 2016

There appears to be an almost universal expectation that iron ore prices will start to retreat soon, after surging some 62% through April. The prices have since eased back, but are still up 28% on the year. Without doubt, much of iron ore’s gains in 2016 have been driven by strong demand from China, with imports up 9.3% to 669.65 million metric tons in the first eight months of the year from a year ago.

It’s Goldman vs. JPMorgan in ETF Battle

Posted on 22 September 2016

Wall Street banks led by Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. (JPM) are stepping up their efforts to grab a large stake in the global market for exchange traded funds, or ETFs, worth an estimated $3 trillion.

Four ETFs Launch, Three On Bats

Posted on 22 September 2016

Dividend-focused investing is popular these days, as investors look for sources other than traditional bond ETFs for income. One of today’s launches sets out to simplify—as well as diversify—the search for the best dividend ETF with one single ticker.

MCX inks pact with Mozambique commodities exchange

Posted on 22 September 2016

Multi Commodity Exchange of India (MCX) has signed a memorandum of understanding (MoU) with Mozambique Commodities Exchange (also known as Bolsa De Mercadorias De Moçambique (BMM) for strategic co-operation. BMM envisages to develop Mozambican commodity markets ecosystem consisting of energy, base metals and agricultural products to deliver better value for the stakeholders.

IMF eyes more China yuan transparency with reserve currency move

Posted on 22 September 2016

China will need to keep improving the transparency of its exchange rate regime once its yuan achieves reserve status as part of the International Monetary Fund’s currency basket on Oct 1, IMF officials said on Wednesday. The designation will make the yuan a “freely usable currency” in the eyes of the IMF, available for loans to IMF members and for repayments.

Pound’s Fortunes Not So Bad After All to Top Currency Forecaster

Posted on 22 September 2016

The pound’s immediate outlook is not as dire as initially predicted, according to Julius Baer Group Ltd., the top currency forecaster in Bloomberg surveys. The bank increased its year-end sterling forecast to $1.29, little changed versus current levels, from $1.21. It remains bearish longer term, projecting the pound to end 2018 at $1.21.

Craig Hart - Doubts rise on China carbon trading

Posted on 22 September 2016

China is planning to roll out a national greenhouse gas emissions trading market by 2017, creating the world’s largest market for carbon. However, for the scheme to be effective a greater focus on the creation of a market economy and a deeper political commitment to the environment will be essential.

China cap-and-trade market gives carbon pricing opponents ‘nowhere to hide’: UN

Posted on 22 September 2016

China’s carbon market ‘probably as consequential, in some ways, as Paris’ says Ontario’s environment minister. As Canada’s provincial, territorial and federal leaders grapple over carbon pricing policy, China is moving ahead with a cap-and-trade market that some believe could transform the dynamics of the international climate change battle.

Is global trade suffering from ‘cardiac arrest?’

Posted on 22 September 2016

Global trade is stuck in a deep malaise and may even be suffering from “cardiac arrest.” That’s the grim warning in new research released by the Organisation for Economic Co-operation and Development (OECD), which warns of serious consequences for living standards if trade growth does not rebound.

China & Commodities Recovering, BHP Upgraded

Posted on 21 September 2016

Macquarie upgraded BHP Billiton (BHP) and two other Australia-based commodity miners Tuesday. “Stronger demand and impact of supply side reforms in China have enhanced the outlook for most bulk commodities. We have materially upgraded our forecasts for coking coal, thermal coal and manganese and upgrade BHP, South32 and New Hope to Outperform on the back of the improved outlook”

Commodities are in a ‘mini-renaissance’ that will last for some time yet

Posted on 21 September 2016

To the surprise of many, 2016 has turned out to be a bonanza for metals and bulk commodity prices, recovering strongly from the lows seen in the early parts of the year. It’s been such a dramatic turnaround that analysts at Macquarie Wealth Management have dubbed the recovery as a “mini-renaissance” for commodity markets, suggesting that demand, rather than supply, has helped to drive prices higher over the past six months.

The Case for ‘Good Picks’ Within Commodities (Video)

Posted on 21 September 2016

Christoph Eibl, co-founder and chief executive officer at Tiberius Group, discusses the outlook for commodities and why he says there are “good picks” to make within the market. He speaks with Guy Johnson and Caroline Hyde on Bloomberg Television’s “On The Move.”.

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