Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Fri, 22 Aug 2014 01:27:08 +0000 http://wordpress.org/?v=2.5.1 en Commodities Volatility Shakes Up Hedge Funds http://www.opalesque.com/Commodities_Briefing/?p=132327 http://www.opalesque.com/Commodities_Briefing/?p=132327#comments Fri, 22 Aug 2014 01:27:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132327 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132327>Article Link</a> Jumpy commodities markets are taking hedge funds for a wild ride. A spate of unpredictable U.S. weather, a surprise record harvest and even a pig virus are giving commodities traders exactly what they craved: volatility. But a few big names are on the wrong side of this summer’s topsy-turvy moves. (more…)

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EIA: Brent crude oil price stability continues http://www.opalesque.com/Commodities_Briefing/?p=132326 http://www.opalesque.com/Commodities_Briefing/?p=132326#comments Fri, 22 Aug 2014 01:26:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132326 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132326>Article Link</a> Spot prices of Brent crude oil averaged $107/bbl in July, marking the 13th consecutive month in which the average price has ranged $107-112/bbl. Compared with the volatility seen as recently as 2 years ago when Brent spot prices ranged as high as $125/bbl in March 2012 to as low as $95/bbl in June 2012, this price stability has been remarkable, according to the US Energy information Administration. (more…)

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Oil investors bet on future supply risks http://www.opalesque.com/Commodities_Briefing/?p=132325 http://www.opalesque.com/Commodities_Briefing/?p=132325#comments Fri, 22 Aug 2014 01:26:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132325 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132325>Article Link</a> Bloodshed in Iraq, sanctions on Russia, conflict in Palestine. If you had asked market participants at the start of the year what would happen to the oil price if such events coincided, few would have predicted it would stay near $100 a barrel. (more…)

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China’s Natural Gas Demand Set to Triple by 2040 http://www.opalesque.com/Commodities_Briefing/?p=132324 http://www.opalesque.com/Commodities_Briefing/?p=132324#comments Fri, 22 Aug 2014 01:26:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132324 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132324>Article Link</a> China’s demand for natural gas will more than triple over the next 35 years, according to a new report from the U.S. Energy Information Administration. (more…)

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Need for Global Energy Security http://www.opalesque.com/Commodities_Briefing/?p=132323 http://www.opalesque.com/Commodities_Briefing/?p=132323#comments Fri, 22 Aug 2014 01:26:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132323 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132323>Article Link</a> The development of a sustainable, long-term solution to meeting the world’s energy needs is one of the defining issues of our time. The risks of getting our energy policies wrong are considerable and the consequences large, as numerous conflicts have occurred as a result of competition for resources. (more…)

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Gold To Fall Lower But Don’t Expect Prices To Collapse - Capital Economics http://www.opalesque.com/Commodities_Briefing/?p=132322 http://www.opalesque.com/Commodities_Briefing/?p=132322#comments Fri, 22 Aug 2014 01:26:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132322 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132322>Article Link</a> An improving U.S. economy and growing expectations for an early rate hike will drag gold prices lower by the end of the year, but the impact will be limited says commodity economists at a leading macro-economic research firm. (more…)

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Three reasons why gold is set to rally for the rest of 2014 http://www.opalesque.com/Commodities_Briefing/?p=132321 http://www.opalesque.com/Commodities_Briefing/?p=132321#comments Fri, 22 Aug 2014 01:25:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132321 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132321>Article Link</a> Scott Winship, portfolio manager of the Investec Global Gold fund, explains why gold is set to build on a strong first half of the year. In recent months there has been renewed investor interest in gold, with the first half of 2014 seeing the gold price rise by 10 per cent. (more…)

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Can Gold and Silver still meet the previous price forecasts? http://www.opalesque.com/Commodities_Briefing/?p=132320 http://www.opalesque.com/Commodities_Briefing/?p=132320#comments Fri, 22 Aug 2014 01:25:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132320 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132320>Article Link</a> Today, our prediction for the high side in 2014 is $1,350/oz for gold and $22/oz for silver. In other words, we see silver potentially trading up to $22/oz this year but do not imply in any way that we expect silver to average $22/oz this year. (more…)

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Is the LBMA Silver Price more transparent than the Fix? Not yet! http://www.opalesque.com/Commodities_Briefing/?p=132319 http://www.opalesque.com/Commodities_Briefing/?p=132319#comments Fri, 22 Aug 2014 01:25:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132319 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132319>Article Link</a> So now we have had three days of the new LBMA Silver Price – the new name for the London Silver Fixing given that the term ‘Fix’ is somewhat discredited in modern-day parlance. The banks involved in the old system, which had fallen to two, wanted to withdraw from it, in part because they felt the process, even if it was a totally honest system, which it probably was, could lay them open to having to defend expensive, and probably spurious, lawsuits and the London Bullion Market Association took upon itself to go out and set up some kind of new silver benchmarking process at very short notice. (more…)

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US Mint Platinum Coins Bypassed in Rush for Gold http://www.opalesque.com/Commodities_Briefing/?p=132318 http://www.opalesque.com/Commodities_Briefing/?p=132318#comments Fri, 22 Aug 2014 01:25:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132318 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132318>Article Link</a> Five months after the U.S. Mint began producing coins made with platinum, sales have all but collapsed as investors continue to favor gold and silver. (more…)

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Copper and zinc shrug off weak China data http://www.opalesque.com/Commodities_Briefing/?p=132317 http://www.opalesque.com/Commodities_Briefing/?p=132317#comments Fri, 22 Aug 2014 01:24:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132317 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132317>Article Link</a> Copper and zinc shrugged off weak Chinese manufacturing and trade data on Thursday, building on strong gains made in the previous 24 hours. Factory activity in China, which consumes more than 40 per cent of the world’s industrial metals, hit a three-month low in August, according to HSBC’s latest PMI figures. (more…)

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Copper rises, aluminium hits 1-1/2 years high http://www.opalesque.com/Commodities_Briefing/?p=132316 http://www.opalesque.com/Commodities_Briefing/?p=132316#comments Fri, 22 Aug 2014 01:24:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132316 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132316>Article Link</a> Copper rose to a one-week high on Wednesday as robust US housing data overnight boosted sentiment and buyers in top metals consumer China took advantage of low prices to build stocks. Housing starts in the United States surged to an eight-month high in July, suggesting a house market recovery was back on track after stalling in the second half of last year. (more…)

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Is The Depreciation In Commodity ETFs A Troubling Sign? http://www.opalesque.com/Commodities_Briefing/?p=132315 http://www.opalesque.com/Commodities_Briefing/?p=132315#comments Fri, 22 Aug 2014 01:24:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132315 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132315>Article Link</a> What counts for an economy that primarily depends upon its consumers? Family income needs to increase beyond inflation. Otherwise, families find themselves with less purchasing power and, ultimately, those families spend less. (more…)

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Finding An Alternative With Currency ETFs http://www.opalesque.com/Commodities_Briefing/?p=132314 http://www.opalesque.com/Commodities_Briefing/?p=132314#comments Fri, 22 Aug 2014 01:24:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132314 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132314>Article Link</a> With the broad stock market continuing to hit new highs despite worries of a correction, investors have been getting a tad worried. That has them looking towards various alternative asset classes to help stem the volatility and diversify their portfolios. Everything from long/short strategies to commodities have become common holdings for investors. (more…)

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Examining Your ETF: Active, Passive & ‘Smart Beta’ Indexes http://www.opalesque.com/Commodities_Briefing/?p=132313 http://www.opalesque.com/Commodities_Briefing/?p=132313#comments Fri, 22 Aug 2014 01:23:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132313 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132313>Article Link</a> Investors looking to build a portfolio of ETFs may get caught up in the analysis of the fund provider, fees and tax structure. When selecting an ETF, however, the single most important determining factor is how the index is constructed. (more…)

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Materials ETFs Join All-Time High Club http://www.opalesque.com/Commodities_Briefing/?p=132312 http://www.opalesque.com/Commodities_Briefing/?p=132312#comments Fri, 22 Aug 2014 01:23:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132312 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132312>Article Link</a> Basic materials sector-related exchange traded funds are reaching new highs as expanding global economies demand basic inputs to fuel further growth. The Materials Select Sector SPDR added 0.1% Wednesday, trading at an intra-day high of $50.49. The largest materials ETF is up nearly 10% this year. (more…)

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Commodities house of the year: Societe Generale http://www.opalesque.com/Commodities_Briefing/?p=132311 http://www.opalesque.com/Commodities_Briefing/?p=132311#comments Fri, 22 Aug 2014 01:23:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132311 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132311>Article Link</a> For its creation of new commodity indexes, as well as the array of products it has created for Asian investors based on commodities, Societe Generale is this year’s Structured Products’ commodities house of the year. (more…)

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ICAP launches Singapore coal derivatives trading http://www.opalesque.com/Commodities_Briefing/?p=132310 http://www.opalesque.com/Commodities_Briefing/?p=132310#comments Fri, 22 Aug 2014 01:23:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132310 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132310>Article Link</a> ICAP, the world’s largest interdealer broker, has opened a coal derivatives trading desk in Singapore in a move that highlights the growing importance of the Asian city-state as a commodities trading hub amid robust Chinese demand for coal. It is another sign of London-based ICAP’s ambitions to tap increasing demand in Asia for hedging of physical purchases of commodities. (more…)

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The Best Places To Exchange Currency http://www.opalesque.com/Commodities_Briefing/?p=132309 http://www.opalesque.com/Commodities_Briefing/?p=132309#comments Fri, 22 Aug 2014 01:22:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132309 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132309>Article Link</a> There is nothing like coming home from a great trip abroad thinking you had been really savvy about sticking to your budget only to be hit with unexpected currency-exchange fees on your bank statement and credit card bill. (more…)

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English voters don’t want currency union with Scotland http://www.opalesque.com/Commodities_Briefing/?p=132308 http://www.opalesque.com/Commodities_Briefing/?p=132308#comments Fri, 22 Aug 2014 01:22:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132308 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132308>Article Link</a> Voters based in England do not want to enter into a currency union with the independent country if a yes vote prevails in September’s referendum, a new survey has revealed. The Future of England Survey 2014 published this week worked alongside polling agency YouGov to consult 3695 English voters on their views of Scottish independence (more…)

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Bitcoins: currency 2.0 http://www.opalesque.com/Commodities_Briefing/?p=132307 http://www.opalesque.com/Commodities_Briefing/?p=132307#comments Fri, 22 Aug 2014 01:22:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132307 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132307>Article Link</a> London is the fastest-growing hub in Europe for bitcoin users. The much-hyped virtual currency is changing hands in pubs, cafés and e-boutiques across the capital. Does it herald a cashless future or is it a no-cash flash in the pan? (more…)

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Beijing expands carbon trading scheme http://www.opalesque.com/Commodities_Briefing/?p=132306 http://www.opalesque.com/Commodities_Briefing/?p=132306#comments Fri, 22 Aug 2014 01:22:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132306 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132306>Article Link</a> The Beijing municipal government will add 120 companies to its emissions trading scheme from 2014, bringing in sectors like public transport in a bid to strengthen control over the city’s rapidly growing greenhouse gas emissions. (more…)

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California CO2 permits clear auction at $11.50 a tonne http://www.opalesque.com/Commodities_Briefing/?p=132305 http://www.opalesque.com/Commodities_Briefing/?p=132305#comments Fri, 22 Aug 2014 01:22:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132305 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132305>Article Link</a> California carbon emission permits fetched $11.50 a tonne at the cap and trade program’s eighth auction, bringing the total amount raised for the state to more than $833 million, officials said on Thursday. (more…)

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The other commodity that’s leaping on the Ukraine war http://www.opalesque.com/Commodities_Briefing/?p=132304 http://www.opalesque.com/Commodities_Briefing/?p=132304#comments Thu, 21 Aug 2014 01:12:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132304 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132304>Article Link</a> While international oil prices sit at a one-year low, concerns that Russian geopolitical tensions will drive up energy prices seem to have eased. But fears over the future of the Russia-Ukraine crisis are pushing another commodity to highs not seen in more than a decade. (more…)

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Commodities: You don’t need to know them to trade them http://www.opalesque.com/Commodities_Briefing/?p=132303 http://www.opalesque.com/Commodities_Briefing/?p=132303#comments Thu, 21 Aug 2014 01:12:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132303 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132303>Article Link</a> While there are more opportunities to trade commodities these days, investors remain reluctant to jump on board, citing a lack of understanding about what they are as a key reason. Commodities include products such as gold, silver, oil, wheat, sugar, cattle and pork bellies. OANDA senior technical analyst Stuart McPhee says he finds retail investors aren’t generally interested in trading commodities. (more…)

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CalPERS Removing Billions From Commodities? http://www.opalesque.com/Commodities_Briefing/?p=132302 http://www.opalesque.com/Commodities_Briefing/?p=132302#comments Thu, 21 Aug 2014 01:11:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132302 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132302>Article Link</a> The California Public Employee Retirement System (CalPERS) is the largest U.S. public pension fund. It provides retirement, health, and financial benefits to more than 1.6 million public employees. With $295 billion in assets under management, CalPERS has long been viewed as a bellwether in the industry. (more…)

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Is commodity bull alive? http://www.opalesque.com/Commodities_Briefing/?p=132301 http://www.opalesque.com/Commodities_Briefing/?p=132301#comments Thu, 21 Aug 2014 01:11:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132301 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132301>Article Link</a> Global mining investors have been demanding greater returns following a period marked by failed acquisitions and spending on mine expansions that flooded metals markets. After a decade of explosive price gains fueled by Chinese demand, often defined as the commodities supercycle, mining companies are contending with slower growth by spurning mergers and cutting costs. (more…)

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Low Commodity Prices Could Affect 2014 Equipment Purchases http://www.opalesque.com/Commodities_Briefing/?p=132300 http://www.opalesque.com/Commodities_Briefing/?p=132300#comments Thu, 21 Aug 2014 01:11:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132300 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132300>Article Link</a> With fall right around the corner, farmers are gearing up to harvest one of the largest crops in history. Corn production for 2014/15 is forecast 172 million bushels higher at a record 14 billion bushels. USDA’s first survey-based corn yield forecast, at a record 167.4 bushels per acre, is up 2.1 bushels from last month’s trend-based projection. (more…)

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Crude Oil Price Drop Takes Pressure Off the Fed http://www.opalesque.com/Commodities_Briefing/?p=132299 http://www.opalesque.com/Commodities_Briefing/?p=132299#comments Thu, 21 Aug 2014 01:11:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132299 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132299>Article Link</a> Nymex crude oil futures have dropped 3% in two days to $94.48 per barrel and they’re down 10% from a year ago. The bad news in this drop is the implication of soft global demand when many economists were looking for a lift in worldwide economic growth. The good news is that markets have weathered months of grisly conflicts in the Middle East and Ukraine and the supply worries that come with the shooting. (more…)

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Here Comes Cheaper Oil: Why Prices Are Set to Fall http://www.opalesque.com/Commodities_Briefing/?p=132298 http://www.opalesque.com/Commodities_Briefing/?p=132298#comments Thu, 21 Aug 2014 01:10:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132298 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132298>Article Link</a> I learned from Art Laffer that government is the 800lb gorilla in the economy and that investors can profit from changes in government policies. But a practitioner has to accept the framework – that government policies drive incentives as much or more than any other single driver. The charts that follow should prove that out. (more…)

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Oil and gas set to run out within 35 years, says energy expert http://www.opalesque.com/Commodities_Briefing/?p=132297 http://www.opalesque.com/Commodities_Briefing/?p=132297#comments Thu, 21 Aug 2014 01:10:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132297 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132297>Article Link</a> A leading figure in Scotland’s energy industry has voiced concerns over the country’s oil and gas reserves. Wood Group founder Sir Ian Wood said he expects the effect of a decline in North Sea production to be felt as early as 2030. (more…)

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Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer http://www.opalesque.com/Commodities_Briefing/?p=132296 http://www.opalesque.com/Commodities_Briefing/?p=132296#comments Thu, 21 Aug 2014 01:10:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132296 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132296>Article Link</a> Another important player in the gold market at the moment is Russia. Their intentions are more realistic and not as ambitious of those of China. However, Russia sees gold as a valuable monetary asset that will protect the ruble in the continuing currency wars. (more…)

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Why Aren’t Gold Prices Rising? http://www.opalesque.com/Commodities_Briefing/?p=132295 http://www.opalesque.com/Commodities_Briefing/?p=132295#comments Thu, 21 Aug 2014 01:10:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132295 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132295>Article Link</a> The numbers are in… In the second quarter of 2014, world central banks bought 117.8 tonnes of gold bullion compared to 92.1 tonnes a year earlier—a jump of 28%. Central banks have been net purchasers of gold bullion for 14 consecutive quarters! (more…)

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Tentative signs of stronger Indian gold demand in H2 http://www.opalesque.com/Commodities_Briefing/?p=132294 http://www.opalesque.com/Commodities_Briefing/?p=132294#comments Thu, 21 Aug 2014 01:09:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132294 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132294>Article Link</a> Gokulasthami, one of the major festivals celebrated across Maharashtra and some parts of South India, has now got a touch of gold, underscoring what some expect will be stronger second half for gold demand in India as the festival season ramps up. (more…)

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Why Silver Prices Could Easily Double Or Triple http://www.opalesque.com/Commodities_Briefing/?p=132293 http://www.opalesque.com/Commodities_Briefing/?p=132293#comments Thu, 21 Aug 2014 01:09:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132293 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132293>Article Link</a> Jim Rogers once quipped that he waits to invest until “there’s a pile of money just sitting there in a corner and I can walk over and pick it up.” In other words, an asset that’s deeply undervalued, widely ignored, with potent fundamentals ready to kick in. Is there such an opportunity in any of the precious metals right now? (more…)

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Palladium Rally Overdone Look For Prices To Fall By Year-End - Capital Economics http://www.opalesque.com/Commodities_Briefing/?p=132292 http://www.opalesque.com/Commodities_Briefing/?p=132292#comments Thu, 21 Aug 2014 01:09:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132292 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132292>Article Link</a> Palladium’s powerful performance in this year has garnered a lot of market attention, but one research firm said it expects the metal’s current rally to lose momentum during the second half of the year. (more…)

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Platinum, palladium prices are tanking http://www.opalesque.com/Commodities_Briefing/?p=132291 http://www.opalesque.com/Commodities_Briefing/?p=132291#comments Thu, 21 Aug 2014 01:09:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132291 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132291>Article Link</a> Platinum futures listed on Nymex were trading lower at $1,434.00 an ounce on Wednesday, while September palladium contracts fell sharply to a low of $869.65 an ounce as recent optimism about the prospects for the sector evaporate. (more…)

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World Crude Steel production surges 1.7% in July http://www.opalesque.com/Commodities_Briefing/?p=132290 http://www.opalesque.com/Commodities_Briefing/?p=132290#comments Thu, 21 Aug 2014 01:08:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132290 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132290>Article Link</a> World crude steel production totalled 137 million tonnes (Mt) in July 2014, for the 65 countries reporting to the World Steel Association (worldsteel), according to the association. This indicates an increase of 1.7% compared to July 2013. (more…)

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ETF providers take on pension and sovereign wealth challenge http://www.opalesque.com/Commodities_Briefing/?p=132289 http://www.opalesque.com/Commodities_Briefing/?p=132289#comments Thu, 21 Aug 2014 01:08:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132289 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132289>Article Link</a> Pension and sovereign wealth funds are not traditionally big investors in ETFs because of concerns over cost, flexibility and restrictions on buying listed securities. But that may be about to change as providers look to woo big institutional investors. (more…)

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Unusual ETFs give investors options http://www.opalesque.com/Commodities_Briefing/?p=132288 http://www.opalesque.com/Commodities_Briefing/?p=132288#comments Thu, 21 Aug 2014 01:08:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132288 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132288>Article Link</a> For many, exchange-traded funds represent the vanilla part of the financial product market. While it’s true most track a common equities index such as the ASX 200, more unusual ETFs are now starting to emerge. (more…)

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How Oil ETFs React To Falling Energy Prices http://www.opalesque.com/Commodities_Briefing/?p=132287 http://www.opalesque.com/Commodities_Briefing/?p=132287#comments Thu, 21 Aug 2014 01:08:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132287 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132287>Article Link</a> The summer months are generally regarded as a seasonal period of strength for oil prices and energy stocks. The considerable demand for energy consumption peaks with the summer driving season, as cyclical forces impact this heavily traded commodity. In addition, this year we are in the midst of geopolitical unrest throughout the Middle East and Eastern Europe. Both of these regions are well-known producers of crude oil and natural gas. (more…)

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Is The Depreciation Across The Commodity ETF Space Surprising? http://www.opalesque.com/Commodities_Briefing/?p=132286 http://www.opalesque.com/Commodities_Briefing/?p=132286#comments Thu, 21 Aug 2014 01:08:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132286 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132286>Article Link</a> As the Fed winds down its third iteration of quantitative easing here in 2014, it is not difficult to imagine the same type of market tantrum alongside a few troublesome economic data points. There are many signs of a weak U.S. economy beyond the aforementioned consumer sentiment gauge and the abysmal retail sales numbers. (more…)

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Salmond currency expert: UK may not share pound http://www.opalesque.com/Commodities_Briefing/?p=132285 http://www.opalesque.com/Commodities_Briefing/?p=132285#comments Thu, 21 Aug 2014 01:07:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132285 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132285>Article Link</a> The expert behind Alex Salmond’s currency plan has admitted the UK might not agree to share the pound in a formal monetary union with an independent Scotland. Crawford Beveridge, the chairman of the expert panel which drew up currency options for an independent Scotland, said the proposed currency union remained the best option. (more…)

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The tax office declaring Bitcoin is not a currency should come as no surprise http://www.opalesque.com/Commodities_Briefing/?p=132284 http://www.opalesque.com/Commodities_Briefing/?p=132284#comments Thu, 21 Aug 2014 01:07:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132284 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132284>Article Link</a> In a move that has dismayed the Australian Bitcoin community, the Australian Tax Office (ATO) has provided tax guidance declaring that the crypto-currency Bitcoin is not actually a currency at all, but an asset like shares. (more…)

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Easy times over as carbon prices enter bullish corridor http://www.opalesque.com/Commodities_Briefing/?p=132283 http://www.opalesque.com/Commodities_Briefing/?p=132283#comments Thu, 21 Aug 2014 01:07:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132283 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132283>Article Link</a> With prices hitting a 5 month high of €6.50 today, established energy intelligence provider ICIS Tschach predicts a sustained increase in the price of European Trading Scheme (ETS) allowances. On current trajectories, prices are expected to hit double digits and a two-year high by year’s end. Such an increase would be a worrying trend for those with significant compliance obligations, especially large, carbon-intensive industrials. (more…)

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Greens, industry square off over putting cars in EU carbon market http://www.opalesque.com/Commodities_Briefing/?p=132282 http://www.opalesque.com/Commodities_Briefing/?p=132282#comments Thu, 21 Aug 2014 01:07:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132282 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132282>Article Link</a> Environmental campaigners are bracing to take on big business over whether Europe should follow California’s lead and include road transport in the EU carbon market. (more…)

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Environmentalists are trading purity for pragmatism in 2014 http://www.opalesque.com/Commodities_Briefing/?p=132281 http://www.opalesque.com/Commodities_Briefing/?p=132281#comments Thu, 21 Aug 2014 01:07:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132281 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132281>Article Link</a> NextGen Climate Action, the outside group run by billionaire environmentalist Tom Steyer, took a new tack in its attempts to bolster Democrats’ chances in the Iowa Senate race this week. Its first ad, you migh recall, was a mini-play suggesting that Republican Joni Ernst had sold her soul to some shadowy cabal of dudes worried about tax breaks or something. The new ad is more to the point. (more…)

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BHP Billiton plans mining’s biggest spin-off as commodity boom falters http://www.opalesque.com/Commodities_Briefing/?p=132280 http://www.opalesque.com/Commodities_Briefing/?p=132280#comments Wed, 20 Aug 2014 00:51:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132280 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132280>Article Link</a> BHP Billiton Ltd. announced what’s poised to be the biggest spin-off in the mining industry, separating aluminium, coal and silver assets to create a company valued at about $15 billion after it begins trading next year. The new unit will operate in five countries from Australia to South Africa, the Melbourne-based producer said on Tuesday in a statement, while announcing a 10% jump in full-year profit to $13.4 billion. (more…)

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Rio Tinto’s single-commodity exposure not a bad thing, says Investec http://www.opalesque.com/Commodities_Briefing/?p=132279 http://www.opalesque.com/Commodities_Briefing/?p=132279#comments Wed, 20 Aug 2014 00:50:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132279 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132279>Article Link</a> Rio Tinto’s heavy exposure to iron ore shouldn’t necessarily be seen by the market as a bad thing, according to Investec. The broker has maintained its ‘hold’ rating for the stock, but hiked its target price from 3,220p to 3,552p. Investec analyst Hunter Hillcoat said that the miner’s single-commodity exposure is ‘often portrayed as a weakness’. (more…)

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OPEC unruffled by oil price slide, sees market rebound: delegates http://www.opalesque.com/Commodities_Briefing/?p=132278 http://www.opalesque.com/Commodities_Briefing/?p=132278#comments Wed, 20 Aug 2014 00:50:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132278 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132278>Article Link</a> OPEC is not worried about a slide in oil prices towards US$100 a barrel, delegates from the producer group said, with current levels seen as acceptable for producers while higher seasonal demand in the coming weeks was expected to support the market. (more…)

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Price of oil plummets! Who wins, who loses, and how low can it go? http://www.opalesque.com/Commodities_Briefing/?p=132277 http://www.opalesque.com/Commodities_Briefing/?p=132277#comments Wed, 20 Aug 2014 00:50:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132277 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132277>Article Link</a> The barrel price of West Texas Intermediate crude oil has been falling since late June, and the fall is accelerating. Monday’s closing price was $96.63; Tuesday’s opening price was $94.02. Back in early July, I argued that oil’s downward move was not over , but I confess, I’m surprised by the speed of the current drop. (more…)

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European Gas Reverses Biggest Drop Since 2009 on Ukraine http://www.opalesque.com/Commodities_Briefing/?p=132276 http://www.opalesque.com/Commodities_Briefing/?p=132276#comments Wed, 20 Aug 2014 00:50:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132276 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132276>Article Link</a> European natural gas prices are reversing their biggest slump in five years as concern mounts that tension between Russia and Ukraine will again disrupt flows to the region. Gas for next-month delivery in the U.K. rallied 21 percent over the past six weeks as Ukraine said it may ban OAO Gazprom, Europe’s biggest supplier, from shipping the fuel across its territory because of Russia’s support of separatists. (more…)

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Lower oil price adds to economic pressure on Russia http://www.opalesque.com/Commodities_Briefing/?p=132275 http://www.opalesque.com/Commodities_Briefing/?p=132275#comments Wed, 20 Aug 2014 00:49:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132275 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132275>Article Link</a> A fall in the price of Urals crude oil, the benchmark on which Russia bases its budget calculations, is adding to the government’s problems at a time when western sanctions are already hurting the economy. Urals, fell below $100 per barrel on Monday for the first time in 15 months and was trading just below $97 on Tuesday, extending a trend of falling oil prices that reflects abundant supply on global markets. (more…)

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Five Regions Where Big Oil Is Foolishly Chasing Profits http://www.opalesque.com/Commodities_Briefing/?p=132274 http://www.opalesque.com/Commodities_Briefing/?p=132274#comments Wed, 20 Aug 2014 00:49:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132274 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132274>Article Link</a> Big Oil has been very successful at developing sophisticated technology to access oil in some pretty remote areas. Consider the technological skill necessary to drill several miles below the seabed at staggering depths, or the processing equipment needed to transform viscous bitumen into usable fuel – these are impressive feats of engineering and science. (more…)

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Global oil and gas transaction activity by sector http://www.opalesque.com/Commodities_Briefing/?p=132273 http://www.opalesque.com/Commodities_Briefing/?p=132273#comments Wed, 20 Aug 2014 00:49:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132273 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132273>Article Link</a> In 2013, the total disclosed oil and gas transaction value was US$ 337 billion. This total was significantly lower (down 21%) than the record high of US$ 423 billion posted in 2012. EY notes that in 2013, there was a reduced willingness to commit to larger transactions. In 2012, 98 oil and gas transactions exceeded US$ 1 billion, compared with just 70 in 2013. In 2012, there were four ‘mega-deals’, with reported values over US$ 10 billion, but in 2013 there were only three. (more…)

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Global gold demand continues to recalibrate in Q2 http://www.opalesque.com/Commodities_Briefing/?p=132272 http://www.opalesque.com/Commodities_Briefing/?p=132272#comments Wed, 20 Aug 2014 00:49:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132272 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132272>Article Link</a> The latest World Gold Council Gold Demand Trends report, covering the period April – June 2014, shows that global gold demand continues to demonstrate a return to long-term trends after an exceptional year in 2013. Total global gold demand in Q2 stood at 964 tonnes (t), 16% lower than the same period last year, as consumers and investors pulled back and consolidated their activity. (more…)

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China allows 3 more banks including StanChart to import gold http://www.opalesque.com/Commodities_Briefing/?p=132271 http://www.opalesque.com/Commodities_Briefing/?p=132271#comments Wed, 20 Aug 2014 00:48:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132271 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132271>Article Link</a> China has allowed three more banks, including a foreign lender, to import gold, sources with direct knowledge of the matter said, as the world’s top gold buyer gears up for its strongest effort yet to gain pricing power of the metal. (more…)

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Why You Should Buy Silver Before It’s Too Late http://www.opalesque.com/Commodities_Briefing/?p=132270 http://www.opalesque.com/Commodities_Briefing/?p=132270#comments Wed, 20 Aug 2014 00:48:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132270 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132270>Article Link</a> Too often silver falls in the shadow of its flashy, favored cousin gold, but the precious metal grabbed headlines last week when a 117-year-old tradition came to an end. Until last week, the price of silver had been decided, or “fixed,” each day at noon in London by representatives from three different banks. The process was conducted in private and it was all very secretive. (more…)

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New Active Multi-Asset ETF to Ride Out Current Turmoil http://www.opalesque.com/Commodities_Briefing/?p=132269 http://www.opalesque.com/Commodities_Briefing/?p=132269#comments Wed, 20 Aug 2014 00:48:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132269 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132269>Article Link</a> Actively managed ETFs are gaining immense popularity in recent months courtesy of increasing demand and the potential for more favorable regulations. While these represent just a small slice of the broad ETF world, they aim to beat the benchmark index or the passively managed counterparts even if the odds are against them. (more…)

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Daily ETF Watch: ETF Securities Branches Out http://www.opalesque.com/Commodities_Briefing/?p=132268 http://www.opalesque.com/Commodities_Briefing/?p=132268#comments Wed, 20 Aug 2014 00:48:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132268 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132268>Article Link</a> The summer slowdown in filings is picking up, with filings from ETF Securities, State Street Global Advisors and Pacer Financial that should stir investor interest. ETFS is looking to expand its lineup to include equities funds, while SSgA has outlined its plans to launch another actively managed ETF. Meanwhile, newcomer Pacer is laying the groundwork to enter the ETF market as a first-time issuer. (more…)

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