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A Compelling Idea Among Commodities

Posted on 05 October 2016 by VRS  |  Email |Print

When it comes to commodities, plenty of investors are familiar with gold and oil, but there are times when other, less heralded commodities outperform bullion and crude. Of course, knowing when a particular commodity will fall out of favor and when it will be a leader is difficult.
So there are advantages to a diversified commodities exchange traded fund, such as the WisdomTree Continuous Commodity Index Fund, which tracks the Thomson Reuters Equal Weight Continuous Commodity Total Return Index. An ETF like GCC can be particularly useful during periods of commodities volatility or when the asset class swings between various extremes as it did last month…………………………………….Full Article: Source

It looks like gold is going to fall further

Posted on 05 October 2016 by VRS  |  Email |Print

In recent weeks, we have been looking for a breakdown in the JPY. If you read this post from two weeks ago, we outlined equities and bonds which may be the catalyst. Today, we have seen gold break a major support of $1300, which technically is a“bearish wedge” pattern.
The first target from the December 2015 lows to July 2016 lows comes in just above $1250. So in other words, gold has some distance to fall from current levels. If that is the case, the JPY and gold correlation (gold and USD/JPY inverse correlation) is quite strong as well…………………………………….Full Article: Source

It looks like gold is going to fall further

Posted on 05 October 2016 by VRS  |  Email |Print

In recent weeks, we have been looking for a breakdown in the JPY. If you read this post from two weeks ago, we outlined equities and bonds which may be the catalyst. Today, we have seen gold break a major support of $1300, which technically is a“bearish wedge” pattern.
The first target from the December 2015 lows to July 2016 lows comes in just above $1250. So in other words, gold has some distance to fall from current levels. If that is the case, the JPY and gold correlation (gold and USD/JPY inverse correlation) is quite strong as well…………………………………….Full Article: Source

Here’s Why Gold Could Drop Below $1,000 in 2017

Posted on 05 October 2016 by VRS  |  Email |Print

Precious metals analyst Taki Tsaklanos presents a very bearish forecast for gold prices through 2017, after which, he says, the metal will re-embark on a massive rally.
Gold was hot in the first 6 months of this year. Hardly anyone predicted the monster rally we saw in 2016. And, as it always goes, right at a time that everyone got overly excited, gold prices stalled and did go nowhere since then…………………………………….Full Article: Source

Where are commodities heading?

Posted on 04 October 2016 by VRS  |  Email |Print

In a year of outperformance by commodities relative to other major asset classes we see the sector retaining gains in most cases amidst prospects for generally improving fundamental balances and stable if unimpressive global growth, write analysts at Deutsche Bank.
The bank sees crude oil rebalancing after the recent OPEC ceiling announcement and maintain its 2017 brent forecast at $55 per barrel in light of a “steadily tighter progression in balances, upstream underinvestment and stable demand prospects driving a normalization of inventory in 2018.”………………………………………Full Article: Source

What Happened to Gold Market Volatility?

Posted on 04 October 2016 by VRS  |  Email |Print

In today’s “Futures in Focus,” Alan Knuckman of Bulls-Eye Options and Bloomberg’s Alix Steel examine the lack of volatility in the gold market. They speak on “Bloomberg ‹GO›.”.……………………………………..Full Article: Source

Gold Is “Money” Because It Is Plentiful, Not Because It Is Scarce

Posted on 30 September 2016 by VRS  |  Email |Print

Gold, and its brother silver, have always been the basis of money, back to the beginnings of “money,” in the late fourth millennium B.C. Already by 2000 B.C., gold and silver had been “money” for over a thousand years – the entire history of “civilization” on this planet.
Gold was still the basis of money in the 1960s, in an unbroken line stretching back to the beginnings of history. One somewhat counterintuitive requirement for “money” is that it does not have a utilitarian purpose; at least, not one whose value is comparable to its money value………………………………………Full Article: Source

Which Market Is OPEC Talking Up Exactly?

Posted on 29 September 2016 by VRS  |  Email |Print

Hey, OPEC, you did it, guys! Look: Yay! Oh… News of an apparent OPEC freeze agreement led U.S. E&P stocks to end Wednesday 6 percent higher. Wait, you didn’t want to boost U.S. exploration and production stocks? Huh. Well, you did it anyway. Even better, you did it without technically having really done anything.
OPEC delegates have ostensibly agreed to cut their crude-oil production to around 32.5 to 33 million barrels a day. The range is the first clue there is much work yet to be done in order to turn those numbers into reality. The second clue is that production allocations for individual members haven’t been set yet. Instead, how the pain gets shared will dominate OPEC’s next formal meeting in November……………………………………Full Article: Source

Whom is gold voting for? A market puzzle

Posted on 29 September 2016 by VRS  |  Email |Print

If Donald Trump manages to win the presidential election, will that be good or bad for gold? This proves to be an interestingly controversial issue, which goes to the multifaceted nature of the precious metal as an investment.
Some market participants say that a surprise Trump victory will cause considerable market anxiety, leading safe havens like gold to surge. Others say that Trump’s antipathy for stimulative monetary policies will mean more rate hikes down the line, spiking the dollar and consequently hurting gold prices……………………………………Full Article: Source

Gold Ends Lower On Chart-Based Selling

Posted on 29 September 2016 by VRS  |  Email |Print

Gold prices ended the U.S. day session weaker Wednesday, on mostly technical selling amid a lack of fresh, markets-moving fundamental news on this day. Some U.S. economic data released Wednesday did not significantly impact the metals or other markets. Also, Fed Chair Janet Yellen spoke on banking issues before Congress, but did not address U.S. monetary policy.
Traders and investors worldwide were watching the OPEC oil cartel meeting in Algiers, which began Wednesday. Most energy market watchers do not believe OPEC at this meeting will make any significant moves to reduce their collective crude oil output, or to forge an agreement with Russia to stabilize world oil prices……………………………………Full Article: Source

Gold Could Soar Quickly to $1750 or even $2000 with a Trump Win

Posted on 29 September 2016 by VRS  |  Email |Print

The Presidential election is taking place in the United States just six weeks from now. So far, the gold market is expecting a victory by Hillary Clinton on November 8. Her win means “more of the same” Obama-style policies coming out of the White House.
Hillary Clinton is the favored candidate of the “establishment” in Washington, DC as well as in big business and the media. The latest polls show her slightly ahead of Donald Trump but her slim edge over Trump could shrink further as the election nears……………………………………Full Article: Source

Silver Prices Fall Deeper into Narrowing Range

Posted on 28 September 2016 by VRS  |  Email |Print

While the price of silver oscillates back-and-forth in the converging range, so do we in examining the metal from varying time-frames. Today we will take a close up look to see where it is likely headed in the very short-term.
After putting in a small reversal day off the trend-line running back to the July peak , silver is weakening towards the middle of the narrowing daily range. Broadly speaking, this is setting up nicely so far for the bulls as long as it continues to coil and hold support. It could be a big October……………………………………Full Article: Source

Commodities, Fines and Steak

Posted on 27 September 2016 by VRS  |  Email |Print

As far as I know there are no capital requirements for trading oil. Planet Money bought and sold some oil this year, and they are a public radio show. Bloomberg’s Tracy Alloway bought some last year and sold it to Izabella Kaminska, who then defaulted on the trade.
If you wanted to get into the oil business and borrowed $45 from your mom to buy your first barrel, that would be fine. There are of course lots of environmental regulations, and you’d probably need insurance to drill it up or move it around, but the basic capital structure of the oil industry - how much of the money comes from shareholders and how much is borrowed - is a private decision, a matter for negotiation between companies and investors and banks……………………………………..Full Article: Source

Chinese Commodities Strategy - Food For Thought

Posted on 27 September 2016 by VRS  |  Email |Print

China is the world’s most populous nation with over 1.37 billion people. China is a significant producer of raw materials - the country has tremendous reserves of minerals and metals and the capacity to produce enormous quantities of agricultural products.
However, with around 18.7% of the world’s people, commodity production within Chinese borders is not enough to meet requirements each year. Aside from the population numbers, the Chinese economy has one of the fastest growth rates in the world. While the economy has cooled over recent years and double-digit economic growth appears to be in the nation’s rear-view mirror, in 2015 China grew by 6.9% and in 2016 it is likely that the economy will grow by more than 6%……………………………………..Full Article: Source

How to Invest in the Commodities Turnaround

Posted on 27 September 2016 by VRS  |  Email |Print

It’s been a rough couple of years for the commodities group. Investors nearly abandoned most of the sector during this time, leaving energy and fertilizer stocks in the dust. But in 2016, there was some relief. Gold has rebounded and is up 20% year-to-date. Oil hit lows in February but has bounced off that level and hasn’t re-visited it.
Fertilizer prices, however, continue to struggle but analysts see a turnaround coming in 2017. Is this the time to get into the commodities as a play on the turnaround? It’s a risky proposition. Commodities are still clearly out of favor……………………………………..Full Article: Source

The Future Lies In Lithium - Speaker (Video)

Posted on 27 September 2016 by VRS  |  Email |Print

Although he remains bullish on gold, House Mountain Partners president Chris Berry says he is really optimistic on energy metals like lithium and cobalt. “Despite the funk that a lot of the mining sector has been in for a while, it’s clear that the lithiums and cobalts will grow in terms of demand,” he said.
Berry is also the co-editor of the Disruptive Discoveries Journal and a speaker at the event, where he will be sharing his insights on how investors can look to get into the sector……………………………………..Full Article: Source

Significant Upside In Gold ‘Less Likely’ – Nouriel Roubini

Posted on 26 September 2016 by VRS  |  Email |Print

Although gold prices didn’t actually hit $1,000 as one famed economist predicted, he continues to remain bearish on the yellow metal. This was Nouriel Roubini’s main message in his keynote address at CME Group’s annual dinner in New York.
“Significant upside to gold is less likely than last year,” he told a crowd in Gotham Hall Wednesday night. Known as Dr. Doom for his often gloomy outlook on the global economy, Roubini’s comments were a little less pessimistic, noting that the Federal Reserve will likely raise interest rates this year as the economy moves along……………………………………Full Article: Source

Jim Grant: Gold is the play off a confusing Fed

Posted on 23 September 2016 by VRS  |  Email |Print

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.
“I think gold will really be interesting when people stop asking what the Fed is going to do, and begin asking, who is the Fed and what can they know?” said Grant, who’s the founder of Grant’s Interest Rate Observer, a bimonthly newsletter. “We are the prisoners of a very dubious set of pseudo-scientific pretensions that are part of the people who manage our monetary affairs,” he added………………………………………Full Article: Source

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

Posted on 22 September 2016 by VRS  |  Email |Print

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.
“A store of value that has gone for millennia. And the big argument against gold used to be it costs you money to store it. Right now, it’s costing you money to store your cash.”……………………………………Full Article: Source

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

Posted on 21 September 2016 by VRS  |  Email |Print

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

Is this the most undervalued commodity in the world?

Posted on 21 September 2016 by VRS  |  Email |Print

This year has seen solid gains posted by precious metals. Gold has been one of the best performing assets in the world this year posting a 23% rise. However, silver has vastly outperformed gold and has gained over 38% year-to-date. I’m a precious metals bull and I think that silver may be the most undervalued asset in the world.
It’s well known that precious metals outperform in recessions and periods of economic uncertainty. This year gold and silver prices have been spurred on by the Chinese economic slowdown, the Federal Reserve delaying interest rate hikes in the USA and Brexit to name a few factors………………………………………Full Article: Source

Why gold won’t hit US$1,900 an ounce

Posted on 21 September 2016 by VRS  |  Email |Print

It must be a full moon. That’s when the crazy predictions seem to come out. A spot gold price as high as US$1,900 an ounce is just one of those. That’s the prediction from renowned gold bull Robert McEwen.
Speaking at a gold conference yesterday, McEwen says that record low global interest rates will cause a huge amount of anxiety for investors and they will be forced to turn to gold as a store of value and an alternative asset. Unfortunately, that’s exactly why the gold price is currently trading at around US$1,318 an ounce………………………………………Full Article: Source

Barclays: Investor Demand For Gold ‘Likely To Persist’

Posted on 20 September 2016 by VRS  |  Email |Print

Barclays anticipates investor demand for gold will persist on concerns about the global economy, with the bank also saying investment in commodities generally should hold up. The bank reports that some $54 billion has flowed into commodity exchange-traded products and index investments so far in 2016.
“However, if expectations were to shift suddenly, then a rush for the exit could send prices sharply lower,” Barclays says, referring to commodities in general. “Although we cannot rule out that risk entirely, we think the key themes that have supported commodity investments in the year to date should ensure continued inflows over the next few years and that the risk of large-scale liquidation, even if commodity markets disappoint in Q4, is limited.”……………………………………….Full Article: Source

Commodities may be a sweet spot for blockchain

Posted on 15 September 2016 by VRS  |  Email |Print

Distributed ledger technology – popularly known as blockchain – has the potential to become a massively disruptive force in financial services. By enabling ‘smart contracts’ with automated post-trade processing, for example, the technology could eliminate the need for clearing houses.
Big banks and exchanges are paying attention. “On the blockchain front, [the second quarter of 2016] saw a number of banks and financial institutions globally begin focusing on proof-of-concept initiatives, moving from initial ideas to actual pilot-testing of solutions,” said a report on fintech investment published last month by KPMG and CB Insights, a New York-based research firm………………………………………..Full Article: Source

Will Commodities End the Year at a High? (Video)

Posted on 15 September 2016 by VRS  |  Email |Print

Bloomberg’s Caroline Abramo discusses the outlook for oil supplies and commodities with Bloomberg’s David Gura and Vonnie Quinn on “Bloomberg Markets.”.………………………………………Full Article: Source

OPEC under political pressure - minister

Posted on 15 September 2016 by VRS  |  Email |Print

The U.S. high ranking officials repeatedly said that if Russia, OPEC and non-OPEC countries freeze the output, we are able to increase the output and prevent price rise, Energy Minister Natig Aliyev told APA-Economics.
Answering the question “Do you agree with the opinions that speculations on oil prices come from other side of the ocean?”, the minister said that it is difficult to say what the US aims………………………………………..Full Article: Source

Is it Time For Billionaires Like Warren Buffett To Protect Themselves With Gold

Posted on 15 September 2016 by VRS  |  Email |Print

It has not been a good week for equity markets, nor billionaire investors. After Tuesday’s selloff, the S&P 500 is down 3% from its all-time highs, which were seen just one month ago. According to Bloomberg, leading the losses among the billionaires is the Oracle of Omaha Warren Buffett who, thanks to his stake in Wells Fargo, lost $1.4 billion Tuesday.
The U.S. bank saw significant selling pressure, falling more than 3% Tuesday after it was revealed that bank employees opened up accounts without clients’ permission. Of course, Buffet isn’t alone. Bloomberg noted that according to its index, billionaires lost a total of $37.3 billion yesterday………………………………………..Full Article: Source

Indian Wedding Season Is a Golden Opportunity

Posted on 15 September 2016 by VRS  |  Email |Print

The fact that gold prices have one of the more reliable annual price patterns isn’t an obvious one because it is a mined commodity. Nevertheless, ’tis the season for the gold bulls to shine. Gold generally finds strength through early- to mid-September prior to the Indian wedding season, which runs from October through December.
Elaborate weddings in India date back thousands of years and have consistently been a driver in the gold market. Traditional Indian weddings involve a bride draped in gold, helping India to become the world’s largest consumer of gold jewelry. India accounts for roughly a third of global gold demand, with half of that being spent on jewelry for the average 10 million weddings held there each year………………………………………..Full Article: Source

Poloz says China tops list of global economic concerns

Posted on 15 September 2016 by VRS  |  Email |Print

China tops Stephen Poloz’s list of global concerns that could put a dent in Canada’s economic recovery. The world’s biggest resource importer is wrestling with widening economic imbalances and stresses in its financial system that could stall Chinese growth. Any interruption in Chinese expansion lasting a year or two would drive oil and other commodity prices even lower, the Bank of Canada Governor said.
Poloz also took on critics who carp about the failure of central bank moves to stimulate growth in the wake of the financial collapse and global recession of 2008-09………………………………………..Full Article: Source

The commodities market and Asia: what’s hot and what’s not

Posted on 14 September 2016 by VRS  |  Email |Print

A ceiling for oil prices and concern about commodities financing were main themes at FT’s commodities summit. This month the Financial Times hosted its third Asia commodities summit, bringing together some of the region’s most powerful traders and executives in Singapore to discuss the challenges and opportunities facing the industry.
Based on conversations with delegates and panel discussions, here are the main themes that emerged. The oil market is slowly rebalancing supply, but prices will remain subdued as a huge overhang of inventory is digested. Several speakers said crude oil would trade in a narrow range and struggle to breach $60 a barrel in part due to stocks but also the resilience of US shale drillers………………………………………..Full Article: Source

Gold Would Perform Well Under Trump Presidency - Gartman

Posted on 14 September 2016 by VRS  |  Email |Print

Gold would do well under a Trump presidency because the metal likes confusion, said market commentator Dennis Gartman. “[G]old likes political descent and would do rather well in a Trump administration,” Gartman said. He explained that Trump is a bit more hawkish and more likely to make a protocol mistake and this would be price supportive for gold.
On the other hand, “[A] Trump presidency would be enormously bearish for stocks,” Gartman said. “He’s a wild card and the market hates wild cards.”……………………………………….Full Article: Source

Believe It Or Not – Silver will be the Top Performing Asset in 2017

Posted on 14 September 2016 by VRS  |  Email |Print

The much awaited Jackson Hole speech by the Fed Chair Janet Yellen – and the subsequent nonfarm payrolls data failed to ignite the prospects of a rate hike this September of 2016. The market now forecasts only a 21% probability of a rate hike in this month, according to the CME FedWatch Tool. The probability of a rate hike in December of 2016 stands at just above 50%.
Time and again, I have explained why the Fed cannot hike rates in 2016. Contrary many market experts, my view has stood the test of time and has come to fruition. According to my research, the chances of a rate hike in December of 2016 are also very bleak. Nonetheless, the Fed speakers will continue to “jawbone” the dollar, the way they have been doing for the whole year………………………………………..Full Article: Source

Silver: Time To Give Up The Shiny Metal?

Posted on 13 September 2016 by VRS  |  Email |Print

Gold/silver ratio near 5-year support level of 65x. Silver producers haven’t been this net short since forever. Quantitative asset managers will most likely continue to go long due to recent momentum, in order to reduce overall volatility of smart beta strategies.
Investors who have held on to silver this past year through exchange-traded funds or long futures positions have seen at least solid double-digit returns. The physical silver trust, has returned a handsome 33% over the past 252 days………………………………………..Full Article: Source

Gold And Presidential Politics: Why Your Vote May Not Count

Posted on 12 September 2016 by VRS  |  Email |Print

Brace yourself. The winds are changing. Come 2017, there will be a new occupant in the Oval Office in Washington, D.C. However, it may be disturbing to know that your vote may not really matter, depending on what state you live in.
It’s not the popular vote in the United States that determines who wins the election, it’s the Electoral College. When Americans go to the polls and vote for President and Vice President, they are actually voting for the Electoral College. It is these electors –who actually choose the nation’s president………………………………………..Full Article: Source

Did a Commodity Bull Market Just Get Started? (Video)

Posted on 09 September 2016 by VRS  |  Email |Print

Metals and other commodities have bottomed and are beginning what is likely to be a long push higher, says Scott Colyer, CEO of Advisors Asset Management. Easy money from Central Banks will fuel the rally.……………………………………….Full Article: Source

Is It Time to Start Buying Commodities? (Video)

Posted on 09 September 2016 by VRS  |  Email |Print

Chris Gaffney, EverBank World Markets president, discusses the outlook for commodities with Bloomberg’s David Gura and Vonnie Quinn on “Bloomberg Markets.”.………………………………………Full Article: Source

If You are Bullish Gold, Buy Silver- Analyst

Posted on 09 September 2016 by VRS  |  Email |Print

“If you are bullish gold, buy silver” is an axiom I’m fond of repeating. Silver is more volatile, which is why in the short term it over reacts relative to Gold. The converse is true. If you are bearish Gold, sell Silver. (Which is less successful if you don’t understand the industrial component of Silver.) But I digress.
This axiom is a positive one for Silver people, but actually has its roots in cynicism and manipulation years ago. We find it helpful to drill down on concepts before adopting them. We now believe that Silver is the way forward because there are big forces with too much to lose if it does not keep a reliable ratio with Gold………………………………………..Full Article: Source

The Bullish Case for Gold Today Remains the Same as in 2011

Posted on 08 September 2016 by VRS  |  Email |Print

The conditions that drove the price of gold to all-time highs in 2011 have only worsened, which just reinforces the long-term bullish narrative for the yellow metal. Bill Gross just called out Janet Yellen as the penultimate market manipulator.
Gross, former head of PIMCO and current manager of Janus funds, recently echoed Rick Rule, assigning blame to the Fed for deferring short-term pain at the expense of long time gain. Mr. Gross’s comments are timed as the Fed continues to debate whether to raise interest rates after years of keeping them anchored in an effort to stimulate the economy and generate inflation………………………………………..Full Article: Source

Q4 commodity trends: What’s next for gold?

Posted on 07 September 2016 by VRS  |  Email |Print

The fourth quarter poses possible challenges to gold’s price growth, which, unlike many other commodities, has actually seen a strong 17 per cent price rise over the last year. While other commodity classes struggle amid slowing global growth and reduced demand, gold shines brightly as a safe-haven beacon in a stormy investment environment.
The big question now is whether the storms will continue into the next quarter, thereby increasing gold’s attractiveness, or whether they will abate, thus reversing gold’s relatively-bullish trend………………………………………..Full Article: Source

Commodities: Flicker of optimism

Posted on 05 September 2016 by VRS  |  Email |Print

Analysts and investors usually hang on the lips of Glencore CEO Ivan Glasenberg at the group’s results presentations to hear where one of the world’s top commodities traders thinks commodity prices are headed.
Glencore and South32, both with a significant exposure to energy and industrial metals, have reported lower profits for their recent financial periods because of weak prices. But they are showing strong cash generation and their optimism about current conditions, after a general firming in commodities since February/March, is reflected in their dividend policies………………………………………..Full Article: Source

The Real Reason Gold Is Up 25% In 2016

Posted on 05 September 2016 by VRS  |  Email |Print

Precious metals are a top performing asset in 2016. Here is a quick snapshot of gold and silver performance versus other major asset classes around the globe year to date. Question: What is behind the massive outperformance in gold and silver in 2016? Answer: Uncertainty.
Uncertainty is the main driver for gold buyers this year, and that encompasses a great deal of macro-economic, monetary and political concerns. Here is a short list of factors that have unsettled global money managers worldwide in 2016………………………………………..Full Article: Source

Here’s the big mistake oil investors can’t stop making

Posted on 01 September 2016 by VRS  |  Email |Print

Goodbye, August, and don’t let the door hit you on the way out. The S&P 500 index could be in for a whopping 0.3% gain this month, which means the beach bums didn’t miss much.
Bring on September and some big losses as well? Michael Brush, writing for MarketWatch, rattles off seven reasons why stocks are primed for a 5% to 10% drop. Some of those sound familiar — interest rate worries, politics, investors and the media (whaaaaaat?) are too bullish — but he also offers up some ideas on how to prepare………………………………………..Full Article: Source

Biggest African Economies Stall on Politics, Commodity Slump

Posted on 31 August 2016 by VRS  |  Email |Print

Africa’s two largest economies are stalling amid slumping commodity prices and political infighting that’s hampering decision making. A government report on Wednesday will probably show Nigeria contracted for a second consecutive quarter in the three months through June as the price and output of oil, its main source of revenue, were squeezed.
While South Africa may have avoided falling into a recession, according to the median estimate of five economists surveyed by Bloomberg, the continent’s most-industrialized economy will not grow this year, the nation’s central bank said last month……………………………………….Full Article: Source

Central Bankers Get Tired of Gold as Lower Exports Cut Cash

Posted on 31 August 2016 by VRS  |  Email |Print

The biggest owners of gold are tiring of the metal. Central banks — holders of about 32,900 metric tons of bullion — cut their purchases by 40 percent during the three months through June, compared with the same period a year earlier, to the lowest since 2011, World Gold Council figures compiled by Bloomberg show. It was the third-straight quarterly drop, the longest such streak in at least five years.
Buying declined in 2016 as prices were rallying for their biggest first-half gain in 40 years……………………………………….Full Article: Source

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

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December 2016
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