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Commodities Are the Best Bargain Now: Here’s What to Buy

Posted on 29 August 2016 by VRS  |  Email |Print

What kind of investor are you? Are you the buy-high-sell-higher (trend continuation) type? Or are you a bargain hunter who likes beaten-down (trend reversal) opportunities? The former type of investor is now in heaven. With the stock market at new highs, there are many stocks on fire.
But if you’re looking for bargains, the pickings are pretty slim. Don’t worry. There are still many places to invest your money. I’m talking about hard assets, aka commodities. Hard assets go well beyond real estate and gold. They include all types of natural resources like oil, wheat, copper, timber, coffee, zinc, and pork bellies………………………………………..Full Article: Source

Commodity Prices And The Fed: What’s Happening Man?

Posted on 29 August 2016 by VRS  |  Email |Print

Markets went up on Janet Yellen’s speech yesterday, and then went down on Stanley Fischer’s clarification of Janet Yellen’s speech. The stock market and the commodities market acted like “asset bubble” markets yesterday and reflect how dependent the markets are on Federal Reserve support.
The Fed will probably not raise its policy rate in September; its officials are not ready for an increase and the Fed, usually, does not move just before an election. The headlines on the front page of the Wall Street Journal, front and center, read “Yellen Sends Strong Signal on Rates.”……………………………………….Full Article: Source

Where To For Gold? Down - But Not Out - For Now

Posted on 26 August 2016 by VRS  |  Email |Print

Gold has done very well this year. It was up almost 30% year-to-date in early July, which certainly beats most other investments nowadays! But since then it’s stagnated, and earlier this week took a sudden dive. Where will it go from here?
I believe that the factors pushing gold higher have pretty much played out for now, and the price is likely to fall back further. But that doesn’t mean gold finished, by any means. There are likely to be plenty more opportunities for the metal to rally in the future………………………………………..Full Article: Source

Corruption costs global economy $2.6tn yearly – Kerry

Posted on 25 August 2016 by VRS  |  Email |Print

US Secretary of State, John Kerry, has said corruption is the root of many development challenges, adding that it costs the global economy an estimated $2.6trn yearly. He stressed that Nigeria needed to tackle bribery, fraud, and other forms of corruption which he said were “dangerous” and undermined efforts to ensure a peaceful world.
He spoke on Tuesday when he visited the Sultan of Sokoto, Alhaji Sa’ad Abubakar. Among those that received Kerry were the Sokoto State Governor, Aminu Tambuwal, and his Zamfara State counterpart, Abdulaziz Yari………………………………………..Full Article: Source

Growth through new ways, a well-timed focus for global economy

Posted on 24 August 2016 by VRS  |  Email |Print

Growth as a focus of global efforts is on top of the agenda of the upcoming G20 summit to be held in east China’s Hangzhou City, which is in a well-timed response to the economic difficulties or crises troubling both developed and developing countries.
This is what the Sept. 4-5 summit under China’s presidency will be trying to commit a coordinated global effort to, with a difference to be made that is spelled in its theme “Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy.” China’s ideas and initiatives highlight adjustment and cooperation in seeking a way to get out of the global economic sluggishness to benefit both developed and developing countries while calling for joint efforts from both………………………………………..Full Article: Source

Commodities Are The Best Bargain Now

Posted on 23 August 2016 by VRS  |  Email |Print

What kind of investor are you? Are you the buy-high-sell-higher (trend continuation) type? Or are you a bargain hunter who likes beaten-down (trend reversal) opportunities? The former type of investor is now in heaven. With the stock market at new highs, there are many stocks on fire.
But if you’re looking for bargains, the pickings are pretty slim. Don’t worry. There are still many places to invest your money. I’m talking about hard assets, aka commodities. Hard assets go well beyond real estate and gold. They include all types of natural resources like oil, wheat, copper, timber, coffee, zinc, and pork bellies………………………………………..Full Article: Source

Fed comments push gold lower but what does the future hold for bullion?

Posted on 23 August 2016 by VRS  |  Email |Print

Gold fell to a two-week low on Monday following upbeat comments on the U.S. economy from a senior Federal Reserve official. Spot gold traded at around $1,333.40 per ounce at the start of the trading week, after Fed Vice Chairman Stanley Fischer told a conference in Aspen, Colorado, Sunday that an interest rate hike was still under consideration for this year and that economic growth would accelerate.
“I think that as U.S. data has surprised to the upside recently … the Fed prepares for a hike … it is understandable that gold comes under pressure, especially in these quiet summer months when liquidity is not great,” Joni Teves, UBS strategist, told CNBC on Monday………………………………………..Full Article: Source

Is India’s love affair with gold over?

Posted on 22 August 2016 by VRS  |  Email |Print

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.
Even in calendar years 2013 and 2014, when the trade was under severe regulatory stress in India, demand and imports were higher than seen in 2016 so far. Estimates peg imports in 2016 at 650 tonnes, after taking into account some recovery expected in rural demand, led by a good monsoon. However, this will be the lowest after 2009, when imports were 559 tonnes………………………………………..Full Article: Source

Commodities Bear Market Begins to Splinter (Video)

Posted on 19 August 2016 by VRS  |  Email |Print

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.”.………………………………………Full Article: Source

Gold Bull Market Should Keep Its Shine, Charts Say

Posted on 19 August 2016 by VRS  |  Email |Print

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.
However, as a chart watcher I think that all of this is already in the metal’s price. Therefore, analysis of the trend and other supporting factors gives us better odds of gold’s next move. Right now, gold is indeed tired but overall the rising trend is still very much intact. I look for higher prices later this year………………………………………..Full Article: Source

Why Global Outlook Gleams on Gold

Posted on 19 August 2016 by VRS  |  Email |Print

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 for December delivery could be seen at a session high of $1,361.45 a troy ounce in past midday trade trading in Europe on Thursday. The price of the yellow metal had already advanced earlier in the day in Asian trading………………………………………..Full Article: Source

Gold Boosted By Bullish ‘Outside Markets’

Posted on 19 August 2016 by VRS  |  Email |Print

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.
The marketplace is focused on the slumping U.S. dollar index, which hit a seven-week low overnight. The weakening greenback is a bullish element for the raw commodity sector. Most major raw commodities on the world marketplace are priced in U.S. dollars. When the dollar depreciates against the other currencies, it makes commodities cheaper to purchase with non-U.S. currency………………………………………..Full Article: Source

TD Securities: Safe-Haven Interest In Gold To Continue

Posted on 17 August 2016 by VRS  |  Email |Print

TD Securities looks for any downward correction in gold to be contained and for safe-haven buying to continue. The metal has risen sharply this year but has been range-bound lately, with market worries about potential Federal Reserve rate hikes returning, causing some funds to liquidate positions, TDS says.
“Still, the risk of an equity correction and negative yields for some $13 trillion worth of fixed-income assets should see safe-haven interest in gold continue,” TDS says. “This should make any correction well contained………………………………………..Full Article: Source

Signs Are Silver Bull Market Is Consolidating

Posted on 11 August 2016 by VRS  |  Email |Print

Having hit a target, silver has formed what is believed to be an intermediate top over the past five weeks or so, which it should soon start to descend from, says technical analyst Clive Maund.
On its three-month chart, we can see this presumed topping pattern started with the appearance of a prominent “Gravestone Doji” or “Shooting Star” candlestick early in July, with its negative implications being amplified by its having occurred on very high volume. While moving averages are in bullish alignment, the now yawning gap between the 50-day and 200-day makes a correction likely………………………………………..Full Article: Source

Further weakness seen in Gold in coming days

Posted on 10 August 2016 by VRS  |  Email |Print

Citi Research cautions that gold could fall some more in the coming days after Friday’s stronger-than-forecast U.S. employment report showing 255,000 new jobs in July.
Gold prices fell immediately after the report as the U.S. dollar rose and traders factored in an increased possibility of a Federal Reserve rate hike. In past years, negative moves in gold post payrolls have tended to fade in the days following the data print, as shown by average cumulative returns of 0.5% in the three days following NFP Fridays on which gold returns were negative from 2004 to present, Citi added………………………………………..Full Article: Source

Gartman Still Bullish Despite Lower Gold Price Post-Jobs

Posted on 09 August 2016 by VRS  |  Email |Print

One veteran gold investor remains bullish on the metal, especially in non-U.S. dollar terms, even though gold is still trading lower since jobs data Friday turned sentiment toward the U.S. economy more positive. Dennis Gartman of the popular newsletter The Gartman Letter said the employment data was “demonstrably less strong” than it appeared to be.
“Let’s say this was a strong number, much stronger than people anticipated, but there are some circumstances incumbent in it that reduce that number or reduce the bullishness that most people want to put into it,” he noted………………………………………..Full Article: Source

Why a brewing global economic storm is turning gold into the perfect trade

Posted on 05 August 2016 by VRS  |  Email |Print

Gold is poised to benefit from a “perfect storm” of fewer viable investment alternatives and bigger risks, according to an industry group that is the sponsor of one of the world’s biggest gold exchange-traded-funds.
Analysts have interpreted weak Japanese government bond demand—such as that seen for a 10-year auction earlier this week—as a sign that investors are losing faith in “unconventional monetary policies,” said the World Gold Council in its August monthly report. “In this environment, we believe investors are using gold to hedge portfolio risk as they add more stocks and low quality bonds to their asset mix,” said the World Gold Council………………………………………..Full Article: Source

‘A perfect storm’ is making gold one of the hottest assets on the planet

Posted on 04 August 2016 by VRS  |  Email |Print

“A perfect storm” in markets has left investors scrambling to add gold to their portfolios for protection, according to the World Gold Council. Investors have another prime and relatively safe choice in the government bonds of developed markets, but that has been compromised by “unconventional monetary policy,” the council said in its market update for August.
The yields on developed-market government bonds have trended lower as demand has risen. Sovereign authorities like the European Central Bank are stoking this demand through their bond purchases, which are pushing down yields………………………………………..Full Article: Source

What’s Next for Silver Prices in 2016 After the Fed’s Latest Fumble

Posted on 04 August 2016 by VRS  |  Email |Print

It wasn’t surprising the U.S. Federal Reserve announced on July 31 it was keeping interest rates unchanged, sending silver prices soaring 3.8% that day. But if you missed out on those gains, don’t panic. Money Morning Resource Specialist Peter Krauth projects silver prices in 2016 will climb even higher.
Today, we’ll share Krauth’s prediction. But first, we wanted to make sure Money Morning readers understand why the Federal Reserve has such a big impact on the price of silver. When the Fed raises interest rates, precious metals like gold and silver are seen as less desirable investments………………………………………..Full Article: Source

Surprising Drivers Of Gold: How To Position Yourself

Posted on 03 August 2016 by VRS  |  Email |Print

Brexit has had an unexpected impact on the stock market. The FOMC market was essentially a win-win for gold. On a risk-adjusted basis, long GDX and short GLD makes sense.
The number of factors impacting the movement of gold - as represented by the SPDR Gold Trust ETF - is often too numerous to count. Furthermore, the impact of the most important factors on the price of gold change rapidly, in terms of both importance and, on occasion, in terms of direction………………………………………..Full Article: Source

Is the Commodities Slump Coming to an End?

Posted on 02 August 2016 by VRS  |  Email |Print

Mark Bennett, chief executive officer and managing director at S2 Resources, discusses the uptick in exploration spending, commodity prices and his outlook for gold, nickel and iron ore. He speaks to Bloomberg’s Rishaad Salamat on “Trending Business” from the Diggers and Dealers Conference in Kalgoorlie, Australia.……………………………………….Full Article: Source

Gold price rally ‘set to continue’

Posted on 02 August 2016 by VRS  |  Email |Print

The rally in gold prices is expected to continue as global uncertainty and volatility persists while economic growth remains weak, former International Monetary Fund deputy head John Lipsky says. In the face of a global outlook based on negative risks and pockets of problems, Australia’s financial system is still rated as one of the most resilient in the world, Mr Lipsky says.
“The happy news for the gold miners is that in the near term the uncertainty is not a bad thing for the gold price,” Mr Lipsky told the Diggers and Dealers Mining conference in Kalgoorlie on Monday………………………………………..Full Article: Source

New OPEC Chief Faces Fragile Unity (Video)

Posted on 01 August 2016 by VRS  |  Email |Print

OPEC’s new boss starts work tomorrow against a backdrop of sinking oil prices. Mohammed Barkindo will also be leading an organization that’s been divided over output policy. Bloomberg’s Dan Murtaugh reports on “Bloomberg Markets Middle East.”.………………………………………Full Article: Source

Go for Gold, or Not Really Sold?

Posted on 01 August 2016 by VRS  |  Email |Print

For some readers, gold is a necessary piece of the puzzle; for others, it’s no better than iron pyrite. Gold’s shimmer has been bright this year. The price of gold has jumped 26% for the year to date through July 28, and the typical fund in the equity precious metals Morningstar Category is up 109% over the same period.
And investors have channeled more than $660 million into precious metals funds in the first half of 2016 (through June 30). We recently asked Morningstar readers whether they had an allocation to gold in their portfolio, and if so, why. On the flip side, we also wanted to hear from those who had no interest in gold. If readers claimed they wouldn’t touch it with a 10-foot pole, we wanted to know why not………………………………………..Full Article: Source

How Donald Trump Changed My Mind About Gold

Posted on 29 July 2016 by VRS  |  Email |Print

If you poke around on the internet, you’ll find a lot of people who have criticized me for being a “gold hater.” Here are two different pieces that took me just a few seconds to find. There are plenty of tweets out there saying the same thing.
These people have been basically right. Over the years, I’ve said a lot of bad stuff about gold — how it’s a lousy currency, how it’s just a rock that shouldn’t have any value, how love of it is primitive and irrational, how it has no justifiable basis in the economy. But I’m changing my mind, and it’s all due to Donald Trump………………………………………..Full Article: Source

Buy Commodities; They Shouldn’t Be Tanking

Posted on 27 July 2016 by VRS  |  Email |Print

There’s a new meme going around that claims that we’re heading into a global economic slowdown. It sounds a lot like the other dire warnings that we heard in February, May and most recently in June right after the Brexit vote: “Slowdown! Crash! Recession! Catastrophe!” But the fearmongers were wrong then, and I believe that they’re wrong now.
Granted, the global economy isn’t growing very rapidly. But it is growing — and has defied all expectations of a recession so far because we continue to see high and rising levels of fiscal stimulus from the world’s major economies. That means the United States, China, Japan and very soon even the European Union (I predict)………………………………………..Full Article: Source

2016 superstars: Gold And Silver Miners

Posted on 25 July 2016 by VRS  |  Email |Print

The first half of 2016 was definitely good for those who invested in precious metals. However, great results of gold and silver are nothing to compare to the equity of miners. Since the bottom of 18 January index of small miners (with a capitalisation of 5 bn USD or below) nearly tripled.
I have a lot of reasons to be glad because of this. My ‘Intelligent Investor’ students were given GDXJ buy recommendation when its price was 19 USD. Today it is 49 USD. After such a great race to the top should we start looking for cheaper assets?……………………………………….Full Article: Source

Brexit sparked economic volatility and uncertainty

Posted on 22 July 2016 by VRS  |  Email |Print

The British move fast. While we wrestle for a couple of years with the succession of leadership in the White House, the British have in swift days bounced out Prime Minister David Cameron, and his successor Theresa May, is already governing in 10 Downing Street.
Cameron had no choice but to fall on his sword since for the sake of a squabbling Conservative Party, beset by a reactionary far right, he miscalculated the risk of a national referendum of dubious constitutionality. Britain has got along quite well without the kind of constitution written by the U.S. framers, but this time Britain’s ‘muddling through’ just did not work………………………………………..Full Article: Source

Charts, Not Fear, Guide Gold Market

Posted on 21 July 2016 by VRS  |  Email |Print

The eight-day $120 rally in gold in reaction to the Brexit vote cleaned out those who remained on the short side and caused a new flood of buying as the long side of the gold market became even more crowded .
As I pointed out on July 9th “The latest data from the CFTC shows that the long positions of money managers have made another new high even though margins were recently raised. In my experience this is a dangerous combination and I continue to think the long side is risky now.”……………………………………….Full Article: Source

Gold and Other Precious Metals’ Brexit Bounce Has Legs

Posted on 20 July 2016 by VRS  |  Email |Print

Gold and most precious metals are still gaining from the bounce they received after the U.K. voted to leave the European Union and most bankers and analysts expect that to continue. In contrast, European aluminum premiums are falling.
Britain’s vote to leave the European Union has led analysts to raise their gold price forecasts again this year, after the decision shook up financial markets and sparked a rally in the precious metal to two-year highs………………………………………..Full Article: Source

Climbing Gold and Silver’s Wall of Worry

Posted on 20 July 2016 by VRS  |  Email |Print

Confidence is slippery, even when you are a metals investor sitting atop the best performing assets of 2016. It doesn’t help when 4 years of a miserable bear market remains fresh in our memories. Any weakness in prices and it can feel like markets are getting ready to plunge right back to $13 silver and $1,000 gold.
That feeling is called the “Wall of Worry”, and bulls are going to have to climb it by staying in the market even if their emotions are telling them to bail. Let’s review the last 6 weeks because they are quite instructional………………………………………..Full Article: Source

Global Trouble From Low Commodity Prices (Video)

Posted on 19 July 2016 by VRS  |  Email |Print

Carl Weinberg, chief economist at High Frequency Economics, talks about the global economic consequences of low commodity prices, currency wars, and interest rate disparities. He speaks on “Bloomberg Surveillance.” .………………………………………Full Article: Source

Gold Price Forecast: Long-Term Pattern Targets $2,700

Posted on 19 July 2016 by VRS  |  Email |Print

Gold has been hot recently. Even now during the summer months, which is typically the slowest time of year for the shiny yellow. Yet, even with the $110 intraday surge on June 24th after the affirmative Brexit vote, gold still has some work to do to convince the remaining bears that a change in the down trend from 2011-2015 is officially upon us.
In this article, we present the critical technical crossroads that gold finds itself in…and what the ramifications of a breakout from this level will signal for long-term investors………………………………………..Full Article: Source

Are the Events in Turkey Bullish for Commodities?

Posted on 18 July 2016 by VRS  |  Email |Print

UBS Wealth Management’s Wayne Gordon discusses the outlook for commodities with Bloomberg’s Betty Liu and Yvonne Man on Daybreak Asia.”.………………………………………Full Article: Source

Why is the gold price rising? Five forces driving the precious metal

Posted on 15 July 2016 by VRS  |  Email |Print

Hoarding gold is a centuries-old reaction to times of crisis, and the aftermath of the EU referendum vote is no different. The yellow metal has soared in value since Britain voted to leave the European Union as investors shoot towards traditional “safe haven” assets. Prices have reached a three-year high as Brexit worries intensify.
An ounce of gold is now worth $1,327 (£1,003), up from $1,257 on June 23. However, the spike follows a sustained rally in the gold price throughout the year. The metal is now worth a quarter more an ounce than it was at the end of 2015………………………………………..Full Article: Source

Gold Price Of $1,400 Is Just The Start - VanEck

Posted on 14 July 2016 by VRS  |  Email |Print

Although gold prices are down from last week’s two-year high, one investment firm sees $1,400 an ounce as just the start as the market remains in a new bull uptrend.
In a report released Tuesday, Joe Foster, gold strategist at VanEck, said that the firm is expecting gold prices to reach $1,400 an ounce in the second half of the year, adding “and we do not believe it will end there.” Tuesday, August gold futures have seen renewed selling pressure with prices last trading at $1,336.50 an ounce, down almost 1.5% on the day………………………………………..Full Article: Source

Silver prices surge nearly 50%, but beware of the devil’s metal

Posted on 14 July 2016 by VRS  |  Email |Print

Silver prices have leapt nearly 50 percent so far this year, reversing three years of losses, but history shows investors hoping to hop aboard the bandwagon should be wary. A surge in gold and upbeat prices of industrial metals, along with prospects for yet more monetary stimulus from leading central banks, have prompted some heart-stopping moves.
“I’ve lost hair this year,” one silver trader said after the market shot up by almost a third in one month alone. “And about 20 pounds.” On the face of it, silver has a lot of appeal. It tends to track gold prices, but its low liquidity usually leads it to outperform the move in gold by around 1.5 times………………………………………..Full Article: Source

Post-Brexit gold rush pushes price to two-year high

Posted on 12 July 2016 by VRS  |  Email |Print

Gold has proven a popular investment after Britain’s vote to exit the European Union. Investments sold as “safe” are often anything but, however. If you thought the Brexit vote was scary, check out the full page newspaper ad that recently appeared in The New York Times recounting all the horrors in the present tense, as if they were still unfolding: The vote “topples” the British government, “crushes” the pound and “wipes away” billions in stock market wealth.
Then came the purpose behind all the panicky prose. “Buy Gold Now!” Investors have done just that, pushing up the price of the metal to a two-year high………………………………………..Full Article: Source

Could gold rally end in a rout?

Posted on 12 July 2016 by VRS  |  Email |Print

I always find it curious how investors react to political crises. As Brexit fever was in full throttle, thousands of perfectly sensible folk decided to dump their cash into gold coins. Why on earth would anyone think that Brexit would make any difference to gold prices?
I suspect I am missing the point. Brexit was almost perfectly timed to fan the flames of already growing alarm among investors about impending recession, diminishing returns for QE, and a more general sense the debt bubble may burst soon………………………………………..Full Article: Source

How to make money in this lousy market

Posted on 11 July 2016 by VRS  |  Email |Print

Being an investor is tricky these days. There’s broad agreement that the stock market is pricey, the economic recovery is long in the tooth and central banks really can’t do much more to prop up growth.
Hardly anyone is predicting market Armageddon, but this is not the “get rich quick” era. The word on Wall Street is: Prepare for lousy stock and bond returns for years. That doesn’t mean you’ll lose money, but don’t expect to rake in the usual 7% to 8% return on stocks and 3.6% on bonds, according to investment firm Bernstein. Even private equity returns aren’t what they used to be………………………………………..Full Article: Source

Why This Aussie Firm Says Gold to ‘Certainly’ Hit $1,500, Maybe Even $1,900

Posted on 11 July 2016 by VRS  |  Email |Print

Another bullish call on gold. Surprise, surprise. But, this Sydney-based firm sees the potential of a $200-500 rally in gold because of what’s happening in Asia. “You have to look at the long term in gold…more people are coming into the market looking for gold and there’s not much there, so gold’s has got the potential to rally quite strongly,” Barry Dawes of Paradigm Securities said.
“I think we’re certainly going to see $1,400 quite soon and I think we’ll certainly see $1,500 by year end and maybe even that $1,900.” Positive sentiment towards the yellow metal has been prevalent with Bank of America Merrill Lynch being the latest among a slew of banks to up their gold price forecast for this year………………………………………..Full Article: Source

Commodities Rally Is Fizzling Out as Merchant Fund Sees Oil Drop

Posted on 08 July 2016 by VRS  |  Email |Print

The best is probably over for commodities this year as the Brexit vote adds risks to global growth and oil is set to retreat, according to the Merchant Commodity Fund, which returned 9 percent in the first half.
The fund, run by ex-Cargill Inc. employees Doug King and Michael Coleman, has changed its commodities outlook to neutral from bullish earlier this year. The U.K. vote to exit the European Union has led to uncertainty and growth remains lackluster in top user China, King said. Oil may drop to $40 to $45 a barrel within three weeks as stockpiles fall more slowly than expected, he said………………………………………..Full Article: Source

Let’s Explore our Silver Price Forecast in 2016

Posted on 08 July 2016 by VRS  |  Email |Print

Silver prices have now climbed more than 40% in 2016, prompting investors to call for a silver price forecast for the remainder of the year and beyond. Today (Thursday), silver prices have pulled back slightly to $19.77, but we see this as only a short-term slide.
Several factors lead us to an encouraging silver price forecast for the rest of 2016. Let’s take a look. Investors snapped up silver throughout June for several reasons. Investors sought safe-haven assets, particularly precious metals, in the wake of the June Federal Open Market Committee Meeting (FOMC) amid fears that interest rates could be hiked………………………………………..Full Article: Source

Economy Needs to be Integrated into Environment, Not Other Way Around

Posted on 08 July 2016 by VRS  |  Email |Print

BP’s Statistical Review of World Energy is a standard industry reference document. It’s a useful indicator of trends, if occasionally the victim of politics. But the newest edition brings welcome news that the growth of global carbon emissions paused in 2015, partly to do with a shift to renewables, and partly the result of passing economic conditions, both notable in China.
But BP, the company that once promised to go “beyond petroleum”, is sticking firmly with oil and gas. Its get-out strategy from appearing over-fossilized in attitude, is to call for a “meaningful carbon price,” advocated by its chief economist, Spencer Dale………………………………………..Full Article: Source

Perils of investing in commodities like gold & oil

Posted on 07 July 2016 by VRS  |  Email |Print

In order to help investors become better at navigating the stock market, Jim Cramer revealed some of the biggest mistakes he has made in over 30 years of investing. “Frankly, there are so many mistakes here that it might take a bit to explain them all,” the “Mad Money” host said.
He learned that when it comes to investing in commodity stocks, investors must know that it doesn’t matter which ones they pick — like going for a better balance sheet or higher growth — if the underlying commodity is hit. If that happens, they will all go lower………………………………………..Full Article: Source

Gold Shines but Other Commodities Have a Disastrous Time

Posted on 07 July 2016 by VRS  |  Email |Print

The bullish case for gold remains even as other commodity futures slump on concerns about global growth. The long weekend in the U.S. did little to keep the rest of the world calm about Brexit fallout, so gold — typically seen as a safe haven in times of market volatility and uncertainty — continues to see inflows.
As the world seeks some political leadership, central bank ineptness is weighing on global fixed-income yields and creating an unstable currency environment. This continues to make gold attractive………………………………………..Full Article: Source

What Australia’s election uncertainty means for climate policy

Posted on 07 July 2016 by VRS  |  Email |Print

As the CEO of Australia’s leading industry association for companies operating in the low carbon economy, I have been fielding a wide range of questions from members, media, other industry bodies and interested international observers on what the uncertain election results means for national climate policy.
As the votes are still being counted, and we wait for a definitive result, I have taken the opportunity to provide some personal observations on the most frequently asked questions that have come across my desk in the last few days………………………………………..Full Article: Source

Where Are Oil Prices Going? Watch the Pump

Posted on 06 July 2016 by VRS  |  Email |Print

To learn where oil prices are headed next, some analysts are saying, watch the refined-product markets. Gasoline is typically the star of the energy market in the summer, as consumers fill up their tanks for road trips. But this year, gasoline isn’t just cheap. It’s so cheap that it makes diesel, a fuel that typically sees more wintertime demand, look pricey.
Gasoline futures are recently trading down 5.6% at $1.4281 a gallon on the New York Mercantile Exchange, while diesel futures are down 4.3% at $1.4464 a gallon………………………………………..Full Article: Source

The world’s experts believe gold will climb in value

Posted on 06 July 2016 by VRS  |  Email |Print

Gold has been attracting the attention of the masses for a while now, and for good reason. Throughout the first half of the year, the commodity grew in price by around 25%. However, experts like Marc Faber, Peter Schiff, and, even Ron Paul, believe that the value of the commodity is likely to climb, much much higher.
“Global growth has contracted, in other words, growth rates have been reduced and many countires are in recession already. That has nothing at all to do with Brexit… Brexit is actually not an end of globalization. On the contrary, it’s about people that rebel against the arrogant elite in the financial centers,” -said Marc Faber………………………………………..Full Article: Source

Japan Sees Strong Retail Gold Demand Following Brexit Vote

Posted on 06 July 2016 by VRS  |  Email |Print

The fallout of Britain’s referendum to leave the European Union less than two weeks ago continues to be felt around the globe as consumers buy safe-haven assets like gold. In Japan, the asset of choice has been physical bullion.
Tuesday, Japanese media reported that gold retailer Tanaka Kikinzoku Kogyo K.K has seen purchases of its gold bullion products increase 1.8% since the Brexit vote passed. According to Japanese Newspaper Yomiuri Shimbun, retail gold purchases in the last week is comparable to demand seen in 2008 following Lehman Brother’s collapse, which led to the global financial crisis, or in 2014 when the Japanese government raised the consumption tax rate to 8%………………………………………..Full Article: Source

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