Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Wed, 23 Jul 2014 02:03:20 +0000 http://wordpress.org/?v=2.5.1 en Credit Suisse heads for exit on commodities trading http://www.opalesque.com/Commodities_Briefing/?p=131844 http://www.opalesque.com/Commodities_Briefing/?p=131844#comments Wed, 23 Jul 2014 02:03:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131844 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131844>Article Link</a> When is an investment bank committed to a business? Until it’s not! That oft-quoted adage could be heard in the City of London on Tuesday morning after Credit Suisse joined the ranks of investment banks exiting commodities trading. The bank announced that it was winding down its derivative-focused commodities unit to focus on more profitable businesses such as structured products and credit. (more…)

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Bank Exodus From Commodities Could Hurt Liquidity Short Term http://www.opalesque.com/Commodities_Briefing/?p=131843 http://www.opalesque.com/Commodities_Briefing/?p=131843#comments Wed, 23 Jul 2014 02:03:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131843 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131843>Article Link</a> The trend of major banks leaving the commodities business could hurt liquidity in the short term, but eventually other trading firms will fill the void, say veterans of the commodities business. Most do not look for a major impact on the price trend of commodities in general; after all, speculators can establish either long or short positions. Nevertheless, some pointed out that past moves by banks to exit happened to coincide with a bottoming in commodities prices. (more…)

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The End of Quantitative Easing and What It Means for Commodities http://www.opalesque.com/Commodities_Briefing/?p=131842 http://www.opalesque.com/Commodities_Briefing/?p=131842#comments Wed, 23 Jul 2014 02:02:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131842 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131842>Article Link</a> It’s rather bizarre that we’ve heard so much from pundits and Republican policymakers about the horrors of quantitative easing, how we’ve needed to end the problem for too long, and now — when we’re less than three months from closing the program, nobody in Washington or on Wall Street is talking about it. (more…)

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OPEC’s Two-Decade Ride on Global Growth Stalls http://www.opalesque.com/Commodities_Briefing/?p=131841 http://www.opalesque.com/Commodities_Briefing/?p=131841#comments Wed, 23 Jul 2014 02:02:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131841 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131841>Article Link</a> For the past two decades, growth in the global economy spelled higher revenues for the Organization of Petroleum Exporting Countries. Not any more. (more…)

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Risk of oil price rises due to conflicts http://www.opalesque.com/Commodities_Briefing/?p=131840 http://www.opalesque.com/Commodities_Briefing/?p=131840#comments Wed, 23 Jul 2014 02:02:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131840 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131840>Article Link</a> World stock markets and global economic recovery are at risk from a sharp rise in oil prices triggered by military conflicts, a leading economist said. A combination of fighting in the Middle East and the shooting down of the passenger jet over Ukraine sent crude oil prices rising by $2 a barrel in the past week, said Steen Jakobsen, chief economist at Saxo Bank. (more…)

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Oil price gains lose steam on rising dollar http://www.opalesque.com/Commodities_Briefing/?p=131839 http://www.opalesque.com/Commodities_Briefing/?p=131839#comments Wed, 23 Jul 2014 02:02:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131839 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131839>Article Link</a> Oil prices rose Tuesday, supported by a threat of tougher sanctions against Russia and fierce fighting in Gaza, but lost steam as the dollar rallied against the euro, traders said. Brent North Sea crude for delivery in September had edged up four cents to stand at $107.72 a barrel in late London deals, after trading up 64 cents around midday in the British capital. (more…)

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Where is gold headed? http://www.opalesque.com/Commodities_Briefing/?p=131838 http://www.opalesque.com/Commodities_Briefing/?p=131838#comments Wed, 23 Jul 2014 02:01:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131838 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131838>Article Link</a> Half way through 2014, markets remain confused where gold prices are headed. Investors are still in dilemma and are now looking at fresh set of factors that will drive the price trajectory for rest of the year. While there was no real sign of sustained economic strength in 2013 for the world economy, just the idea of Federal Reserve in the US may start tapering at some point was enough to send gold bullion prices lower and the “bull run” in gold ended losing around 30 per cent of its value last year. (more…)

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Gold price to roll back H1 gains, average below $1,300/oz in 2014 http://www.opalesque.com/Commodities_Briefing/?p=131837 http://www.opalesque.com/Commodities_Briefing/?p=131837#comments Wed, 23 Jul 2014 02:01:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131837 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131837>Article Link</a> Gold will drift lower in the second half of 2014, leading to a second yearly drop in the average price after a dizzying decade-long rally, as U.S. monetary policy returns to normal and Asian demand is weak, analysts forecast in a Reuters poll. (more…)

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Gold price gains on geopolitical uncertainty http://www.opalesque.com/Commodities_Briefing/?p=131836 http://www.opalesque.com/Commodities_Briefing/?p=131836#comments Wed, 23 Jul 2014 02:01:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131836 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131836>Article Link</a> Weakness on equity markets helped gold prices rise slightly on Monday as heightened geopolitical tensions in Ukraine and Gaza boosted the demand for safe-haven assets. Gold for August delivery was 0.3% higher at $1,313.90 per troy ounce on the Comex division of the New York Mercantile Exchange. (more…)

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Respite for gold investors as metal enjoys strong 2014 http://www.opalesque.com/Commodities_Briefing/?p=131835 http://www.opalesque.com/Commodities_Briefing/?p=131835#comments Wed, 23 Jul 2014 02:01:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131835 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131835>Article Link</a> Gold investors are enjoying some respite in 2014 after a long period of falling prices, with the precious metal emerging as one of the year’s best plays to date. (more…)

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Middle East grabs gold http://www.opalesque.com/Commodities_Briefing/?p=131834 http://www.opalesque.com/Commodities_Briefing/?p=131834#comments Wed, 23 Jul 2014 02:01:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131834 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131834>Article Link</a> The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the United Arab Emirates diversify investments and Dubai nears offering a contract for immediate delivery bullion. (more…)

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Palladium poised for record year http://www.opalesque.com/Commodities_Briefing/?p=131833 http://www.opalesque.com/Commodities_Briefing/?p=131833#comments Wed, 23 Jul 2014 02:01:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131833 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131833>Article Link</a> Palladium will reach its highest yearly price on record this year and could top that in 2015 as expectations for lower South African output combine with a recovery in demand and doubts over Russian supply, a Reuters poll showed. (more…)

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World Crude Steel production rises 3.1% in June http://www.opalesque.com/Commodities_Briefing/?p=131832 http://www.opalesque.com/Commodities_Briefing/?p=131832#comments Wed, 23 Jul 2014 02:00:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131832 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131832>Article Link</a> World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 137 million tonnes (Mt) in June 2014, an increase of 3.1% compared to June 2013. (more…)

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Base metals climb on good demand, global cues http://www.opalesque.com/Commodities_Briefing/?p=131831 http://www.opalesque.com/Commodities_Briefing/?p=131831#comments Wed, 23 Jul 2014 02:00:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131831 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131831>Article Link</a> Most of the base metals climbed at the non-ferrous metal market here today on stockists buying amid sustained demand from industrial users in the backdrop of higher London Metal Exchange (LME) cues. (more…)

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Commodity ETFs Signal Meaningful Divergence http://www.opalesque.com/Commodities_Briefing/?p=131830 http://www.opalesque.com/Commodities_Briefing/?p=131830#comments Wed, 23 Jul 2014 02:00:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131830 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131830>Article Link</a> In investing, the term commodity spans a great deal of assets and sectors. Precious metals, industrial metals, agriculture, livestock, and energy are just some of the varied classes that fall into this diverse arena. In an ideal world of inflationary and deflationary pressures, all of these sectors would move in a similar direction according to cyclical forces. (more…)

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What Is A Short ETF? http://www.opalesque.com/Commodities_Briefing/?p=131829 http://www.opalesque.com/Commodities_Briefing/?p=131829#comments Wed, 23 Jul 2014 02:00:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131829 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131829>Article Link</a> A short exchange-traded fund (ETF) is designed to profit from a decline in the value of the underlying index. A short ETF gets its name from the fact that it is designed to benefit in the same manner as a short position in an underlying index. Thus, a short ETF will be profitable if the underlying index or asset declines in price, and will incur a loss if the underlying index or asset gains in price. (more…)

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Water ETFs for Thirsty Investors http://www.opalesque.com/Commodities_Briefing/?p=131828 http://www.opalesque.com/Commodities_Briefing/?p=131828#comments Wed, 23 Jul 2014 01:59:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131828 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131828>Article Link</a> As the world reviews the effects of climate change, global population growth and inadequate or aging infrastructures, investors can consider water industry-related exchange traded funds to capture potential long-term opportunities. (more…)

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Metal ETFs Lure Investors at Fastest Pace Since ‘09 http://www.opalesque.com/Commodities_Briefing/?p=131827 http://www.opalesque.com/Commodities_Briefing/?p=131827#comments Wed, 23 Jul 2014 01:59:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131827 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131827>Article Link</a> Investors are buying metals from zinc to aluminum at the fastest pace since 2009, betting demand gains will tighten supply, just as Citigroup Inc. and Macquarie Group Ltd. predict this year’s rallies will end. (more…)

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Is Nat’l Multi Commodity Exchange looking to wind-up ops? http://www.opalesque.com/Commodities_Briefing/?p=131826 http://www.opalesque.com/Commodities_Briefing/?p=131826#comments Wed, 23 Jul 2014 01:59:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131826 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131826>Article Link</a> It is tough times for the commodities market - after the levy of Commodity Transaction Tax (CTT), and the NSEL fiasco , volumes in the commodity space have dropped by more than 40%. This has forced two commodities exchanges - Anil Ambani promoted ICEX, and Ketan Seth promoted United Commodity Exchange to shut their trading operations over the last one year. (more…)

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Could GBP/USD Exchange Rate Tumble on Stronger US Currency? http://www.opalesque.com/Commodities_Briefing/?p=131825 http://www.opalesque.com/Commodities_Briefing/?p=131825#comments Wed, 23 Jul 2014 01:59:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131825 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131825>Article Link</a> Currency News UK - Pound to Dollar Currency Predictions: will cable tumble into the 1.5000’s? Big news stories dominated last week’s session, with the shooting down of Malaysia Airlines flight MH17 and the international reaction to it, along with the ongoing situation in Iraq and an escalation of violence in Gaza. The latest GBP USD exchange rate today trades at 1.70669. (more…)

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Tedious Journey towards W’African Single Currency http://www.opalesque.com/Commodities_Briefing/?p=131824 http://www.opalesque.com/Commodities_Briefing/?p=131824#comments Wed, 23 Jul 2014 01:59:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131824 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131824>Article Link</a> Since 1987 when the Economic Community of West African States (ECOWAS) Monitoring Cooperation Program (EMCP), saddled with the responsibility of introducing a common currency in the sub-region, was adopted, the body has continued to push for the implementation of the policy. (more…)

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Global tie-up to improve agriculture http://www.opalesque.com/Commodities_Briefing/?p=131823 http://www.opalesque.com/Commodities_Briefing/?p=131823#comments Wed, 23 Jul 2014 01:58:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131823 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131823>Article Link</a> An international partnership across India, Africa and the US has formed the ‘One Agriculture-One Science: A Global Education Consortium’ initiative aimed at revitalising global agricultural education, capacity building and technology transfer, according to the International Crops Research Institute for the Semi-Arid Tropics (Icrisat). (more…)

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Anger as Australia dumps carbon tax http://www.opalesque.com/Commodities_Briefing/?p=131822 http://www.opalesque.com/Commodities_Briefing/?p=131822#comments Wed, 23 Jul 2014 01:58:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131822 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131822>Article Link</a> Australia’s pioneering carbon-pricing mechanism has failed to survive its infancy. In a major victory for Prime Minister Tony Abbott, parliament agreed on 17 July to axe the scheme with immediate effect. (more…)

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Germany, UK and Poland top ‘dirty 30’ list of EU coal-fired power stations http://www.opalesque.com/Commodities_Briefing/?p=131821 http://www.opalesque.com/Commodities_Briefing/?p=131821#comments Wed, 23 Jul 2014 01:58:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131821 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131821>Article Link</a> The UK and Germany lead a list of the EU’s most polluting coal-fired power stations compiled by environmental campaigners, who say coal emissions are undermining efforts to combat climate change. Both countries have nine of the so-called “dirty 30” and the campaigners say coal burning is increasing due to the relatively low price of the fuel compared to gas. (more…)

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Swiss Commodities Traders Go Big on African Oil http://www.opalesque.com/Commodities_Briefing/?p=131820 http://www.opalesque.com/Commodities_Briefing/?p=131820#comments Tue, 22 Jul 2014 03:20:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131820 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131820>Article Link</a> Swiss commodities traders are buying significant volumes of Africa’s oil in opaque and lightly-regulated deals, according to a new report that spotlights their commanding position in the continent’s energy markets. (more…)

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Speculators cut bets on higher oil prices http://www.opalesque.com/Commodities_Briefing/?p=131819 http://www.opalesque.com/Commodities_Briefing/?p=131819#comments Tue, 22 Jul 2014 03:20:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131819 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131819>Article Link</a> Speculators cut their bets on higher Brent crude oil prices by almost a quarter in the week to July 15 after prices dropped to three-month lows. Hedge funds and other money managers curbed their net long futures and options positions to 151,981 – the lowest since April 8 – from 201,568 contracts, the IntercontinentalExchange said in its Commitment of Traders report on Monday. (more…)

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Oil price spike will hit ‘fragile three’ http://www.opalesque.com/Commodities_Briefing/?p=131818 http://www.opalesque.com/Commodities_Briefing/?p=131818#comments Tue, 22 Jul 2014 03:19:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131818 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131818>Article Link</a> Three of the so-called ‘fragile five’ would be among the worst hit countries if unrest in Iraq sparks another spike in oil prices, Capital Economics has claimed. Chief emerging markets economist Neil Shearing said the group’s forecast is for prices to drop back to below $100 per barrel by the end of the year, in part due to increased supply from the rest of the Middle East. (more…)

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Hedge funds slash Brent oil bets by 25 pct during price rout -ICE http://www.opalesque.com/Commodities_Briefing/?p=131817 http://www.opalesque.com/Commodities_Briefing/?p=131817#comments Tue, 22 Jul 2014 03:19:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131817 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131817>Article Link</a> Hedge funds and other large speculators slashed their bets on higher Brent crude oil prices by almost 25 percent in the week to July 15, ICE said on Monday, as prices collapsed to their lowest in three months. (more…)

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Gold gains set to reverse as hedge funds cut bets on rally http://www.opalesque.com/Commodities_Briefing/?p=131816 http://www.opalesque.com/Commodities_Briefing/?p=131816#comments Tue, 22 Jul 2014 03:19:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131816 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131816>Article Link</a> Money managers trim net-long positions as gold price rally snaps, but investors are still adding to holdings through ETPs backed by metal. Hedge funds cut bets on a gold rally for the first time in six weeks as prices snapped the longest stretch of gains since August 2011. (more…)

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Gold over $1,300; conflicts spur safe-haven bids http://www.opalesque.com/Commodities_Briefing/?p=131815 http://www.opalesque.com/Commodities_Briefing/?p=131815#comments Tue, 22 Jul 2014 03:19:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131815 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131815>Article Link</a> Gold stabilized near $1,310 an ounce on Tuesday as escalating tensions over conflicts in Ukraine and the Gaza strip dented global risk appetite and burnished the metal’s safe-haven appeal. Spot gold was little changed at $1,311.16 an ounce by 0009 GMT, after ending flat in the previous session. (more…)

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Geopolitics Keeps Safe-Haven Bid in Gold Market http://www.opalesque.com/Commodities_Briefing/?p=131814 http://www.opalesque.com/Commodities_Briefing/?p=131814#comments Tue, 22 Jul 2014 03:18:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131814 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131814>Article Link</a> Gold prices are moderately higher in early U.S. trading Monday as heightened geopolitical tensions keep a safe-haven bid in the market. August Comex gold was last up $8.70 at $1,318.00 an ounce. Spot gold was last quoted up $5.60 at $1,317.00. December Comex silver last traded up $0.261 at $21.205 an ounce. (more…)

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3 More Reasons to Invest in Gold Right Now http://www.opalesque.com/Commodities_Briefing/?p=131813 http://www.opalesque.com/Commodities_Briefing/?p=131813#comments Tue, 22 Jul 2014 03:18:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131813 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131813>Article Link</a> Gold is typically perceived to be a hedge against inflation, and with better than expected U.S. economic growth along with the European Union and China implementing economic stimulus packages, inflation is expected to grow. Furthermore, ongoing instability in the Middle East is driving crude prices higher, making economic growth more expensive, which will translate into higher global inflation. (more…)

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Will Gold price crash below $1,200? http://www.opalesque.com/Commodities_Briefing/?p=131812 http://www.opalesque.com/Commodities_Briefing/?p=131812#comments Tue, 22 Jul 2014 03:18:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131812 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131812>Article Link</a> Over the past few weeks we have seen mining stocks make a transition out of a stage one base and into a new bull market. This transition is likely to be complete this week. (more…)

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Precious metals dealers search for better benchmarks http://www.opalesque.com/Commodities_Briefing/?p=131811 http://www.opalesque.com/Commodities_Briefing/?p=131811#comments Tue, 22 Jul 2014 03:18:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131811 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131811>Article Link</a> Amid pressure from regulators, a new system for determining benchmark silver prices will be put in place from mid-August, while reforms are also under discussion in the gold market. Industry observers say increasing participation will be crucial to restoring confidence in the benchmarks. (more…)

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Top 3 Silver Miners For $30 Silver http://www.opalesque.com/Commodities_Briefing/?p=131810 http://www.opalesque.com/Commodities_Briefing/?p=131810#comments Tue, 22 Jul 2014 03:17:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131810 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131810>Article Link</a> Silver mining companies offer big leverage to a rising price of silver and should be considered by silver bulls. Investors should look for low-cost producers in politically stable mining jurisdictions. (more…)

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Silver ETFs Are Having a Good Summer http://www.opalesque.com/Commodities_Briefing/?p=131809 http://www.opalesque.com/Commodities_Briefing/?p=131809#comments Tue, 22 Jul 2014 03:17:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131809 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131809>Article Link</a> Gold gets all the glory, but silver’s no slouch. The price of silver has risen 10 percent since the end of May, more than double the gains in gold, bonds and stocks. This comes after a three-year slump when silver was down 50 percent, trailing gold by 30 percent and the S&P 500 Index by 100 percent. Until recently, it had a dubious distinction as one of the few things left in the investment universe that hadn’t rallied in recent years. (more…)

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Zinc, aluminium hit multi-month highs, copper steady http://www.opalesque.com/Commodities_Briefing/?p=131808 http://www.opalesque.com/Commodities_Briefing/?p=131808#comments Tue, 22 Jul 2014 03:17:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131808 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131808>Article Link</a> Zinc and aluminium prices hit their highest in more than a year on Monday as investors sought exposure to commodities with improved fundamentals, but copper’s gains were curbed by worries over China’s property sector and over a build-up of stocks. (more…)

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Chinese commodity financing scam dents copper’s prospects http://www.opalesque.com/Commodities_Briefing/?p=131807 http://www.opalesque.com/Commodities_Briefing/?p=131807#comments Tue, 22 Jul 2014 03:17:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131807 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131807>Article Link</a> Copper prices on the London Metal Exchange have dropped over five per cent since the beginning of the year to $6,987 (₹4.22 lakh) a tonne. A major reason for this fall is the drop in demand after a scandal over financing of commodities broke out in China. Data on Chinese copper imports show sharp drop in consumption. (more…)

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Aluminum in Bull Market as Investors Lured by Shortage Outlook http://www.opalesque.com/Commodities_Briefing/?p=131806 http://www.opalesque.com/Commodities_Briefing/?p=131806#comments Tue, 22 Jul 2014 03:16:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131806 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131806>Article Link</a> Aluminum entered a bull market in London and traded near the highest in 16 months on speculation demand will exceed supply for the metal used in everything from cars to packaging. Stockpiles monitored by the London Metal Exchange slumped 9.4 percent this year to the lowest in 22 months. (more…)

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Investors swap grains for metals as flows trickle to commodities http://www.opalesque.com/Commodities_Briefing/?p=131805 http://www.opalesque.com/Commodities_Briefing/?p=131805#comments Tue, 22 Jul 2014 03:16:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131805 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131805>Article Link</a> Investors are slowly being drawn back into commodities, attracted by stronger global economic growth and more volatility within sub-sectors, typified by current investment flows out of grains into industrial metals. (more…)

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Long Natural Gas ETFs Burning Out http://www.opalesque.com/Commodities_Briefing/?p=131804 http://www.opalesque.com/Commodities_Briefing/?p=131804#comments Tue, 22 Jul 2014 03:16:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131804 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131804>Article Link</a> Natural gas prices have plunged to about an eight-month low as temperate weather conditions keep Americans from reaching for the A/C. Meanwhile, related exchange traded funds that take a bearish stance on the market are surging on the falling prices. (more…)

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ETF Trends Q2 2014: Diversified ETFs gets second largest inflows, Agri weak http://www.opalesque.com/Commodities_Briefing/?p=131803 http://www.opalesque.com/Commodities_Briefing/?p=131803#comments Tue, 22 Jul 2014 03:16:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131803 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131803>Article Link</a> Diversified broad commodity ETFs received the largest inflows after platinum and palladium with total inflows of $172mn in the second quarter of 2014 with agri seeing outflows,according to a Global Commodity ETP Quarterly released by ETF Securities Ltd. (more…)

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Scotland Currency Union? ‘It’s A Dead Parrot’ http://www.opalesque.com/Commodities_Briefing/?p=131802 http://www.opalesque.com/Commodities_Briefing/?p=131802#comments Tue, 22 Jul 2014 03:15:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131802 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131802>Article Link</a> The idea Scotland would be able to hold on to the pound in the event of independence is a “dead parrot”, MPs have warned. The country’s first minister was told he urgently needed to come up with a plan B on how Scotland would proceed without a “currency union” if there was a “yes” vote in just two months’ time. (more…)

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China and Switzerland sign bilateral currency swap line http://www.opalesque.com/Commodities_Briefing/?p=131801 http://www.opalesque.com/Commodities_Briefing/?p=131801#comments Tue, 22 Jul 2014 03:15:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131801 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131801>Article Link</a> The central banks of China and Switzerland have struck a bilateral currency swap agreement, a move that advances the international use of the renminbi and boosts Switzerland’s hopes of becoming a trading hub for the Chinese currency. (more…)

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Investing in Water http://www.opalesque.com/Commodities_Briefing/?p=131800 http://www.opalesque.com/Commodities_Briefing/?p=131800#comments Tue, 22 Jul 2014 03:15:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131800 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131800>Article Link</a> Water scarcity is making headlines, particularly as a drought savages California, and heightened tensions about water supply and use won’t evaporate any time soon. Whether it is concern about climate change, global population growth or the need to revamp aging water infrastructure, investment advisers say the water sector offers long-term buying opportunities. However, they add, carefully review the type of investment since offerings are as vast as the ocean. (more…)

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Carbon Capture market to witness 25.49 % CAGR during 2013-18 http://www.opalesque.com/Commodities_Briefing/?p=131799 http://www.opalesque.com/Commodities_Briefing/?p=131799#comments Tue, 22 Jul 2014 03:15:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131799 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131799>Article Link</a> Global Carbon Capture and Sequestration market (CCS) will grow at a CAGR of 25.49 per cent over the period 2013-2018, according to a report by Sandler Research. The report says CCS technology will emerge as a clean technology to reduce GHG (Green House Gas) emissions. The integration of CCS with Integrated Gasification Combined Cycle (IGCC) will reduce costs and make CCS technology more economically viable. (more…)

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Some Chinese carbon projects to exit UN offset market if allowed http://www.opalesque.com/Commodities_Briefing/?p=131798 http://www.opalesque.com/Commodities_Briefing/?p=131798#comments Tue, 22 Jul 2014 03:15:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131798 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131798>Article Link</a> Some developers of projects to cut carbon emissions in developing nations, particularly China, are likely to pull out of the U.N. offset scheme and move to markets with higher prices, if plans to allow them to exit are implemented. (more…)

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World Bank sees ‘momentum’ behind global carbon price http://www.opalesque.com/Commodities_Briefing/?p=131797 http://www.opalesque.com/Commodities_Briefing/?p=131797#comments Tue, 22 Jul 2014 03:14:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131797 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131797>Article Link</a> Momentum is growing behind global efforts to develop a carbon price, despite Australia’s decision to scrap its tax on the country’s top polluters. That is the view of the World Bank’s top climate official Rachel Kyte, addressing delegates at an environmental conference in Pori, Finland. (more…)

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Commodities: Water should be traded on financial markets to avoid global crisis http://www.opalesque.com/Commodities_Briefing/?p=131796 http://www.opalesque.com/Commodities_Briefing/?p=131796#comments Mon, 21 Jul 2014 02:44:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131796 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131796>Article Link</a> Markets can play an important role in providing future water security. Britain, as the rest of the world, is facing a water crisis, leading some experts to predict that by the end of the decade H2O will be traded on financial markets like other finite commodities such as crude oil, or iron ore. (more…)

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World events prompt buying in commodities markets http://www.opalesque.com/Commodities_Briefing/?p=131795 http://www.opalesque.com/Commodities_Briefing/?p=131795#comments Mon, 21 Jul 2014 02:44:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131795 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131795>Article Link</a> Midday Thursday, a Malaysia Airlines flight crashed in Eastern Ukraine, killing all 298 people aboard. Initial fears that the plane had been shot down were supported by intelligence agencies, sparking concerns that the crash could signal a deepening of the conflict between Ukraine and pro-Russian separatists. As global investors processed the news, they sold off stocks and bought commodities that could be in short supply if sanctions or increased military conflict followed the plane crash. (more…)

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Commodity markets rattled by Ukraine airplane disaster http://www.opalesque.com/Commodities_Briefing/?p=131794 http://www.opalesque.com/Commodities_Briefing/?p=131794#comments Mon, 21 Jul 2014 02:44:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131794 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131794>Article Link</a> Global commodity markets were gripped this week by the Malaysian air crash, which has dramatically raised tensions between Russia — a key producer of many raw materials — and the West. The doomed Malaysia Airlines MH17 flight, which crashed killing 298 people on Thursday, was “likely downed” by a surface-to-air missile fired from separatist-held eastern Ukraine, a US envoy said on Friday. (more…)

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The Effect of Geopolitical Events on Commodities (Video) http://www.opalesque.com/Commodities_Briefing/?p=131793 http://www.opalesque.com/Commodities_Briefing/?p=131793#comments Mon, 21 Jul 2014 02:43:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131793 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131793>Article Link</a> Bloomberg’s Isaac Arnsdorf discusses the effect of events in Ukraine and Russia on commodity prices with Alix Steel on “Street Smart.”. (more…)

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Morgan Stanley rebuilds in commodities trading http://www.opalesque.com/Commodities_Briefing/?p=131792 http://www.opalesque.com/Commodities_Briefing/?p=131792#comments Mon, 21 Jul 2014 02:43:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131792 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131792>Article Link</a> After more than a year of scaling back in commodities, Morgan Stanley is ready to expand. The Wall Street bank plans to hire about a dozen traders, sales staff and other professionals in the United States. It’s building up commodities trading and financing businesses that can profit despite tougher regulations, people familiar with the matter told Reuters. (more…)

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Speculators Cutting Bullish Oil Bets Miss Ukraine Rally http://www.opalesque.com/Commodities_Briefing/?p=131791 http://www.opalesque.com/Commodities_Briefing/?p=131791#comments Mon, 21 Jul 2014 02:43:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131791 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131791>Article Link</a> The downed jetliner in Ukraine and Israel’s Gaza offensive blindsided speculators who had cut bullish crude bets on the assumption that risks to supply were diminishing. (more…)

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Amid Global Turmoil, Oil Prices Surprisingly Stable http://www.opalesque.com/Commodities_Briefing/?p=131790 http://www.opalesque.com/Commodities_Briefing/?p=131790#comments Mon, 21 Jul 2014 02:43:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131790 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131790>Article Link</a> The world has entered a zone of maximum upheaval. From the Atlas Mountains of North Africa to the Hindu Kush, in Afghanistan, the Middle East is in flames. The destruction of a Malaysian airline over Ukraine, almost certainly shot down by Russian-backed separatist rebels, threatens war in the Black Sea region. (more…)

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OPEC Says Oil Production, Market Share Fell in 2013 http://www.opalesque.com/Commodities_Briefing/?p=131789 http://www.opalesque.com/Commodities_Briefing/?p=131789#comments Mon, 21 Jul 2014 02:42:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131789 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131789>Article Link</a> OPEC said Friday its crude production and market share fell last year as a boom in U.S. shale dents demand for its oil. In an annual statistical report, the Organization of the Petroleum Exporting Countries said its collective crude production was down 2.5% during 2013 on an annual basis. (more…)

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Platts Survey: OPEC Missed its June Target of 30,000 barrels Per Day http://www.opalesque.com/Commodities_Briefing/?p=131788 http://www.opalesque.com/Commodities_Briefing/?p=131788#comments Mon, 21 Jul 2014 02:42:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131788 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131788>Article Link</a> Oil production from the Mideast-dominated Organization of the Petroleum Exporting Countries (OPEC) dipped by 30,000 barrels per day (b/d) in June to 29.94 million b/d, according to the latest Platts survey of OPEC plus industry officials and analysts. The survey showed Iraq’s output plunge of 160,000 b/d in some war-torn areas was largely offset by production increases from several other OPEC member countries. (more…)

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Iran rejects selling oil to Greece, Sri Lanka, South Africa http://www.opalesque.com/Commodities_Briefing/?p=131787 http://www.opalesque.com/Commodities_Briefing/?p=131787#comments Mon, 21 Jul 2014 02:42:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131787 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131787>Article Link</a> Mohsen Qamsari, an official with the National Iranian Oil Company, said on July 20 rejected the claims that Iran is selling crude oil to Greece, Sri Lanka, and South Africa. “China with 400,000 barrels per day is the biggest costumer of Iranian crude oil,” he said, adding that Beijing’s imports account for 40 percent of Iran’s total oil export, Iran’s IRNA News Agency reported. (more…)

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Hedge Funds Cut Bullish Gold Wagers as Rally Snaps: Commodities http://www.opalesque.com/Commodities_Briefing/?p=131786 http://www.opalesque.com/Commodities_Briefing/?p=131786#comments Mon, 21 Jul 2014 02:41:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131786 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131786>Article Link</a> Hedge funds cut bets on a gold rally for the first time in six weeks as prices snapped the longest stretch of gains since August 2011. Money managers trimmed their net-long position by 8.5 percent in the week through July 15, U.S. government data show. Prices dropped 2 percent last week, the first loss since May and helping to erase $1.38 billion from the value of exchange-traded products backed by the metal. (more…)

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Gold to head north on geo-political tensions http://www.opalesque.com/Commodities_Briefing/?p=131785 http://www.opalesque.com/Commodities_Briefing/?p=131785#comments Mon, 21 Jul 2014 02:41:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131785 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131785>Article Link</a> In the international market, spot gold prices dropped two per cent to $1310.8 per troy ounce. The metal touched a high of $1324.7 on Friday but came off the peaks soon on profit booking. News of the shooting down of a Malaysian Airlines plane in Ukraine increased geopolitical tensions and helped gold — a classic haven — to edge up. (more…)

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