Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Fri, 28 Aug 2015 01:07:57 +0000 http://wordpress.org/?v=2.5.1 en Commodities strike six-year lows, set to enter new cycle http://www.opalesque.com/Commodities_Briefing/?p=137887 http://www.opalesque.com/Commodities_Briefing/?p=137887#comments Fri, 28 Aug 2015 01:07:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137887 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137887>Article Link</a> Falling demand, rising production and faltering growth in the world’s second-largest economy China have sent many major commodities plummeting to their lowest level since 2009, with some experts predicting the start of a new cycle. (more…)

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Could commodities make a real comeback soon? http://www.opalesque.com/Commodities_Briefing/?p=137886 http://www.opalesque.com/Commodities_Briefing/?p=137886#comments Fri, 28 Aug 2015 01:07:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137886 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137886>Article Link</a> With oil prices surging after the global market turmoil of “Black Monday,” could investors regain their faith in commodities? If China fired enough stimulus into its economy, a longer-term bounce back in commodities could be on the horizon. (more…)

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Commodities in Africa: How natural resources breed violence http://www.opalesque.com/Commodities_Briefing/?p=137885 http://www.opalesque.com/Commodities_Briefing/?p=137885#comments Fri, 28 Aug 2015 01:07:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137885 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137885>Article Link</a> Africa is home to a tenth of the planet’s oil, a third of its mineral reserves and produces two-thirds of its diamonds. High prices may pep up the continent’s short-term economic growth, but scholars have long suspected that its plentiful natural resources also breed instability and violence. Politicians and their cronies cannot resist skimming off some of the huge profits, the theory goes, which enrages those who are left out. (more…)

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Oil soars over 10 percent, biggest gain in six years as shorts scramble http://www.opalesque.com/Commodities_Briefing/?p=137884 http://www.opalesque.com/Commodities_Briefing/?p=137884#comments Fri, 28 Aug 2015 01:07:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137884 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137884>Article Link</a> Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders. (more…)

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Venezuela Asks OPEC for Emergency Meeting on Oil Prices http://www.opalesque.com/Commodities_Briefing/?p=137883 http://www.opalesque.com/Commodities_Briefing/?p=137883#comments Fri, 28 Aug 2015 01:07:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137883 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137883>Article Link</a> Hard-hit Venezuela has been contacting other OPEC members to push for an emergency meeting in coordination with Russia to come up with a strategy to stop the current oil price rout, people familiar with the matter said. (more…)

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Lessons from the oil market’s ‘lost decade’: Kemp http://www.opalesque.com/Commodities_Briefing/?p=137882 http://www.opalesque.com/Commodities_Briefing/?p=137882#comments Fri, 28 Aug 2015 01:06:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137882 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137882>Article Link</a> Saudi Arabia and its OPEC allies are counting on strong growth in demand coupled with slower growth in non-OPEC supply to rebalance the oil market in 2016. But the experience of the “lost decade” after prices slumped in 1986 suggests rebalancing could take longer than some OPEC members and market analysts expect. (more…)

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Iran says some in Opec do not want high oil price http://www.opalesque.com/Commodities_Briefing/?p=137881 http://www.opalesque.com/Commodities_Briefing/?p=137881#comments Fri, 28 Aug 2015 01:06:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137881 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137881>Article Link</a> Iran’s Oil Minister Bijan Zanganeh blamed the latest drop in oil prices on some members of Opec and questioned whether any Opec emergency meeting would reach an agreement, the oil ministry’s news agency Shana reported. (more…)

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Is Natural Gas the New Gold? http://www.opalesque.com/Commodities_Briefing/?p=137880 http://www.opalesque.com/Commodities_Briefing/?p=137880#comments Fri, 28 Aug 2015 01:06:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137880 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137880>Article Link</a> When the market is shaky, seek safety in … natural gas. Wait – what? Citigroup Inc. is touting natural gas – a commodity so notorious for volatility that its most renown bet is called the “widow maker” – as a possible haven for investors weary of the market’s wild swings. (more…)

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Gold price: is the rally ‘over and done’? http://www.opalesque.com/Commodities_Briefing/?p=137879 http://www.opalesque.com/Commodities_Briefing/?p=137879#comments Fri, 28 Aug 2015 01:06:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137879 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137879>Article Link</a> Gold has recovered slightly after hitting a one-week low overnight as expectations of a US rate hike in September were lowered – but after a sharp decline some analysts are now saying the recent rally is “over”. (more…)

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Gold Prices Fall on Robust U.S. GDP Data http://www.opalesque.com/Commodities_Briefing/?p=137878 http://www.opalesque.com/Commodities_Briefing/?p=137878#comments Fri, 28 Aug 2015 01:05:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137878 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137878>Article Link</a> Gold prices fell on Thursday as gains in U.S. equities on the back of upbeat economic data and a stronger dollar dulled trader interest in haven assets. Gold for December delivery, the most actively traded contract, fell $2, or 0.2%, to settle at $1,122.60 a troy ounce on the Comex division of the New York Mercantile Exchange. (more…)

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Is gold back to being a safe haven? http://www.opalesque.com/Commodities_Briefing/?p=137877 http://www.opalesque.com/Commodities_Briefing/?p=137877#comments Fri, 28 Aug 2015 01:05:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137877 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137877>Article Link</a> Gold prices have increased in August, recovering from a lacklustre performance over the last few years, after market volatility ramped up. While gold hasn’t been rising in tough periods as many investors would expect, it does appear that investors have been buying into the commodity this month, following a positive 3.35 per cent return from the S&P GSCI Gold Spot index. (more…)

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Rusal cites China aluminum semi exports as reason for global surplus http://www.opalesque.com/Commodities_Briefing/?p=137876 http://www.opalesque.com/Commodities_Briefing/?p=137876#comments Fri, 28 Aug 2015 01:05:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137876 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137876>Article Link</a> Russian aluminum producer Rusal said Thursday in its second quarter results that the increase in exports of aluminum semi-finished products from China is the main reason behind a global surplus this year. “The main change to the supply environment resulted from the export of aluminum semis from China. Net exports of semis rose by 47% year on year in H1 2015,” the company said. (more…)

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Base metals post best rally in two years on US economic expansion http://www.opalesque.com/Commodities_Briefing/?p=137875 http://www.opalesque.com/Commodities_Briefing/?p=137875#comments Fri, 28 Aug 2015 01:05:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137875 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137875>Article Link</a> Investors who stayed bullish on industrial metals are finally being rewarded as renewed optimism for the demand outlook pushed prices to their biggest rally in more than two years. (more…)

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Chinese Medicine not Impressing Dr Copper http://www.opalesque.com/Commodities_Briefing/?p=137874 http://www.opalesque.com/Commodities_Briefing/?p=137874#comments Fri, 28 Aug 2015 01:05:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137874 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137874>Article Link</a> Dr. Copper apparently does not approve of the prescription ordered by the Chinese authorities to stem the slowdown in that nation, namely another 25 basis point interest rate reduction and a lowering of bank reserve requirements. The red metal cannot sustain any upside action for long before sellers emerge to whack it again. (more…)

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Enjoy The Ride: Low Volatility ETFs Deliver In August http://www.opalesque.com/Commodities_Briefing/?p=137873 http://www.opalesque.com/Commodities_Briefing/?p=137873#comments Fri, 28 Aug 2015 01:04:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137873 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137873>Article Link</a> Low volatility ETFs delivered in what has been a decidedly rocky month for global markets. China’s yuan devaluation, intended to shore up its economy, sent U.S. and international stocks into a tailspin in August. (more…)

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Alternative investments: Helping investors weather the current market storm http://www.opalesque.com/Commodities_Briefing/?p=137872 http://www.opalesque.com/Commodities_Briefing/?p=137872#comments Fri, 28 Aug 2015 01:04:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137872 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137872>Article Link</a> The recent sharp sell-off in global equity markets has focused investors on the importance of holding diversifying investments that can help mitigate volatility and potentially cushion their portfolios during times of market stress. Given their unique nature, alternative investments are proving to be useful tools to help investors weather the current market storm. (more…)

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Sound Money To Prevent Currency Wars http://www.opalesque.com/Commodities_Briefing/?p=137871 http://www.opalesque.com/Commodities_Briefing/?p=137871#comments Fri, 28 Aug 2015 01:04:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137871 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137871>Article Link</a> China devalued its currency, the resignation of the Greek prime minister revived doubts about the Euro, and the markets were expecting that in a few weeks the Federal Reserve was going to begin raising the interest rates. These three strikes—connected with monetary manipulations—was followed by a large decline in the stock market. (more…)

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The UK winners from China’s currency devaluation http://www.opalesque.com/Commodities_Briefing/?p=137870 http://www.opalesque.com/Commodities_Briefing/?p=137870#comments Fri, 28 Aug 2015 01:04:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137870 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137870>Article Link</a> After years of pegging its currency to the dollar, China has taken the unexpected step of allowing its currency to depreciate. It is unclear exactly how much the renminbi will be allowed to fall, but there have been tangible consequences on global investments already. (more…)

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On carbon, credit all leaders for failing us http://www.opalesque.com/Commodities_Briefing/?p=137869 http://www.opalesque.com/Commodities_Briefing/?p=137869#comments Fri, 28 Aug 2015 01:03:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137869 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137869>Article Link</a> Regardless of which party wins the Oct. 19 federal election, Canadians can look forward to being ripped off for billions of dollars in the international carbon trading market. Carbon trading is intrinsic to both NDP Leader Tom Mulcair’s and Liberal Leader Justin Trudeau’s carbon pricing plans, since both would use cap-and-trade schemes, supposedly to reduce Canada’s industrial greenhouse gas (GHG) emissions. (more…)

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Recent Studies Provide Examples of Emissions Trading Successes, Failures http://www.opalesque.com/Commodities_Briefing/?p=137868 http://www.opalesque.com/Commodities_Briefing/?p=137868#comments Fri, 28 Aug 2015 01:03:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137868 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137868>Article Link</a> The emissions trading program in the northeastern United States—the Regional Greenhouse Gas Initiative (RGGI)—is responsible for about half the region’s emissions reductions—an amount far greater than reductions achieved in the rest of the country. (more…)

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Behind the commodities bust http://www.opalesque.com/Commodities_Briefing/?p=137867 http://www.opalesque.com/Commodities_Briefing/?p=137867#comments Thu, 27 Aug 2015 01:00:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137867 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137867>Article Link</a> First was the dot-com bubble, then the housing bubble. Now comes the commodities bubble. We don’t fully understand the stock market’s current turmoil, but we know it’s driven at least in part by a bubble of raw material prices. Their collapse weighs on world stock markets through fears of slower economic growth and large financial losses. (more…)

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Jim Rogers: Don’t rule out a bull run in commodities http://www.opalesque.com/Commodities_Briefing/?p=137866 http://www.opalesque.com/Commodities_Briefing/?p=137866#comments Thu, 27 Aug 2015 01:00:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137866 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137866>Article Link</a> Oil prices are trading near a six-year low, copper futures have shaved off 20% year-to-date and wider panic has grabbed the commodities market in fears over a sharp slowdown in China. There are plenty of reasons to be downbeat on the resources industry at the moment, but don’t count out a comeback for the depressed sector, says commodities veteran investor Jim Rogers. (more…)

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Commodities are ripe for a rebound http://www.opalesque.com/Commodities_Briefing/?p=137865 http://www.opalesque.com/Commodities_Briefing/?p=137865#comments Thu, 27 Aug 2015 00:59:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137865 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137865>Article Link</a> Investors sentiment surrounding commodity prices is at its lowest level in decades — but some analysts believe that a rebound is on tap. “Investor sentiment for commodities has rarely, if ever, been more negative,” said Julian Jessop, an analyst at Capital Economics, in a note Wednesday. But there are “plenty of reasons to take a contrarian” — and more positive view on commodities. (more…)

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Oil Prices Fall on Less Gas Demand, Growing Glut http://www.opalesque.com/Commodities_Briefing/?p=137864 http://www.opalesque.com/Commodities_Briefing/?p=137864#comments Thu, 27 Aug 2015 00:59:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137864 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137864>Article Link</a> Oil prices resumed falling after U.S. stockpile data showed a surprise drop in gasoline demand and record supplies of crude oil and petroleum products. The data reaffirmed growing concerns that the global oil market will remain awash in crude through the end of the year. (more…)

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Why the oil price could be depressed for a generation http://www.opalesque.com/Commodities_Briefing/?p=137863 http://www.opalesque.com/Commodities_Briefing/?p=137863#comments Thu, 27 Aug 2015 00:59:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137863 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137863>Article Link</a> The oil price may have fallen to its lowest level since the financial crisis, but Chris Taylor believes it will get cheaper. The oil price has been one of the major casualties of the downturn in global markets over the last few weeks, tumbling to levels not seen since the depths of the financial crisis. (more…)

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OPEC Unable to Control Oil Production in Member States http://www.opalesque.com/Commodities_Briefing/?p=137862 http://www.opalesque.com/Commodities_Briefing/?p=137862#comments Thu, 27 Aug 2015 00:59:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137862 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137862>Article Link</a> The Organization of the Petroleum Exporting Countries (OPEC) is irrelevant because it can’t control oil production volumes within it’s own member-countries, the president of PKVerleger LLC, an US energy consulting firm, told Sputnik. “OPEC is irrelevant today. Producing countries set their levels of production… Prices will probably fluctuate between 30 and 50 [dollars per barrel]. OPEC <…> has no power,” Dr. Philip K. Verleger said. (more…)

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Ecuador Reveals Pain Inside OPEC: It’s Pumping Oil at a Loss http://www.opalesque.com/Commodities_Briefing/?p=137861 http://www.opalesque.com/Commodities_Briefing/?p=137861#comments Thu, 27 Aug 2015 00:59:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137861 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137861>Article Link</a> Ecuador has revealed the financial stress inside OPEC created by low oil prices, becoming the first member of the group to say it’s pumping at a loss. President Rafael Correa said on Tuesday that the South American nation is receiving as little as $30 a barrel for its crude, while production costs average about $39. (more…)

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Difference in London Gold Price AM and spot gold rate costs ‘unhedged’ bullion dealers http://www.opalesque.com/Commodities_Briefing/?p=137860 http://www.opalesque.com/Commodities_Briefing/?p=137860#comments Thu, 27 Aug 2015 00:58:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137860 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137860>Article Link</a> For over a century, gold rates have been set twice daily — at 10:30 am and 3 pm — in London on the basis of which the metal is valued and traded throughout the world. On Tuesday, after the customary morning rate was set eyebrows were raised among a few bullion dealers at home and reportedly by some abroad. (more…)

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Why gold was the best buy in 2008-9 crash and will be this time too http://www.opalesque.com/Commodities_Briefing/?p=137859 http://www.opalesque.com/Commodities_Briefing/?p=137859#comments Thu, 27 Aug 2015 00:58:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137859 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137859>Article Link</a> What was the best asset class to buy for the recovery that followed the 2008-9 crash in global financial markets? Step forward gold whose rise was only exceeded by silver. Precious metals not only delivered the fastest recovery from that huge sell-off but offered increases way above the pre-crash levels. (more…)

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Gold Gets Ignored Amid Market Turmoil as Focus Stays on Fed http://www.opalesque.com/Commodities_Briefing/?p=137858 http://www.opalesque.com/Commodities_Briefing/?p=137858#comments Thu, 27 Aug 2015 00:58:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137858 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137858>Article Link</a> This week’s turmoil across global markets did little to bring people back to gold as investors ignored the metal’s haven appeal and focused, instead, on the prospect of higher U.S. interest rates. (more…)

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Be Cautious With Commodity Exchange-Traded Products http://www.opalesque.com/Commodities_Briefing/?p=137857 http://www.opalesque.com/Commodities_Briefing/?p=137857#comments Thu, 27 Aug 2015 00:58:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137857 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137857>Article Link</a> Academic research suggests that commodities can play a role in a balanced asset allocation. A track record of providing uncorrelated returns has won the commodities Morningstar Category a place in many portfolios as an attractive diversifier in a mix of stocks, bonds, and cash. (more…)

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Look Under the Hood When Investing in Commodity ETFs http://www.opalesque.com/Commodities_Briefing/?p=137856 http://www.opalesque.com/Commodities_Briefing/?p=137856#comments Thu, 27 Aug 2015 00:57:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137856 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137856>Article Link</a> Exchange traded funds allow investors to diversify a traditional stock and bond portfolio with commodities. However, the commodities asset class comes with its own risks. “As with everything, investors should be aware of what they are actually buying when they go shopping for a commodity-focused exchange-traded product,” writes John Gabriel, a strategist for Morningstar‘s manager research team. (more…)

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The One-Man, $1.2 Billion ETF Shop http://www.opalesque.com/Commodities_Briefing/?p=137855 http://www.opalesque.com/Commodities_Briefing/?p=137855#comments Thu, 27 Aug 2015 00:57:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137855 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137855>Article Link</a> Starting an exchange-traded mutual fund is a little like launching a rocket. There are lots of different contractors and regulations. There are plenty of crashes. Andrew Chanin, the 30-year-old founder of New York–based PureFunds, watched two of his first three ETFs fail before reaching Earth orbit. (more…)

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Currency storms create investment opportunities http://www.opalesque.com/Commodities_Briefing/?p=137854 http://www.opalesque.com/Commodities_Briefing/?p=137854#comments Thu, 27 Aug 2015 00:57:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137854 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137854>Article Link</a> The currency storm that has engulfed the emerging world has blown into other markets around the globe. It has put pressure on valuations, produced patches of illiquidity and, in some cases, is starting to spill over into the economic and policy spheres. (more…)

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Currency volatility upsets Asian growth plans http://www.opalesque.com/Commodities_Briefing/?p=137853 http://www.opalesque.com/Commodities_Briefing/?p=137853#comments Thu, 27 Aug 2015 00:57:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137853 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137853>Article Link</a> Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China’s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies. China’s 2 percent devaluation on Aug. 11 added to evidence that its economy was struggling, and overseas it caused a ripple of panic that a currency war was in the offing. (more…)

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How China’s Currency Policies Will Change the World http://www.opalesque.com/Commodities_Briefing/?p=137852 http://www.opalesque.com/Commodities_Briefing/?p=137852#comments Thu, 27 Aug 2015 00:57:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137852 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137852>Article Link</a> The recent fluctuations in China’s currency typify the best and worst of a globalized world, where developments in one place can instantly change the political and financial calculations of governments in others. For most of human history, the communities, cultures and economies of the world existed independently of one another, separated as they were by vast distances and difficult terrain. (more…)

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Carbon-trading Scheme results in release of Tons of greenhouse gases, harms Climate: Study http://www.opalesque.com/Commodities_Briefing/?p=137851 http://www.opalesque.com/Commodities_Briefing/?p=137851#comments Thu, 27 Aug 2015 00:56:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137851 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137851>Article Link</a> A carbon-trading scheme, backed by the United Nations, was planned to curb global warming in Europe, but instead of solving the problem, it has been found to be releasing over half a billion additional tons of greenhouse gases, a new report found. The report released by the Stockholm Environment Institute (SEI) discovered a number of problems of carbon offsets. According to the report, it found problems out of 872 million offsets, 75% have issues. Researcher found that lack of oversight has been found the main issue. (more…)

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Carbon credit fraud no laughing matter http://www.opalesque.com/Commodities_Briefing/?p=137850 http://www.opalesque.com/Commodities_Briefing/?p=137850#comments Thu, 27 Aug 2015 00:56:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137850 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137850>Article Link</a> Regardless of which party wins the Oct. 19 federal election, Canadians can look forward to being ripped off for billions of dollars in the international carbon trading market. Carbon trading is intrinsic to both NDP Leader Tom Mulcair’s and Liberal Leader Justin Trudeau’s carbon pricing plans, since both would use cap-and-trade schemes, supposedly to reduce Canada’s industrial greenhouse gas (GHG) emissions. (more…)

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China Remains a Key Commodities Player, Despite Waning Appetites http://www.opalesque.com/Commodities_Briefing/?p=137849 http://www.opalesque.com/Commodities_Briefing/?p=137849#comments Wed, 26 Aug 2015 01:38:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137849 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137849>Article Link</a> The fear that China’s appetite for commodities, from copper to coal, is falling after a decade of breakneck growth has sent prices tumbling, but the country’s sheer scale in these markets means that China will continue to shape them in the long term, even if at a slower speed. (more…)

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Commodity rout unlike 2008 recession, no China to the rescue http://www.opalesque.com/Commodities_Briefing/?p=137848 http://www.opalesque.com/Commodities_Briefing/?p=137848#comments Wed, 26 Aug 2015 01:38:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137848 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137848>Article Link</a> With the prices of many major commodities currently plumbing depths last seen six years ago, what are the chances of a repeat of the China-led boom that lifted resources out of the 2008 recession funk? To answer the question it’s worth looking at what is the same and what is different about the weakness in commodity prices between 2008-09 and now, and the answer is not much is the same. (more…)

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Commodities: The Chinese curse http://www.opalesque.com/Commodities_Briefing/?p=137847 http://www.opalesque.com/Commodities_Briefing/?p=137847#comments Wed, 26 Aug 2015 01:37:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137847 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137847>Article Link</a> An ancient Chinese curse translates as “May you live in interesting times”. We are doing that, thanks to the bursting of the Chinese stock market bubble. The collapse of Chinese equity markets has triggered big selloffs in other markets and underlined the weakness in demand for a range of basic commodities. (more…)

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Buy low, sell high…but stay away from commodities http://www.opalesque.com/Commodities_Briefing/?p=137846 http://www.opalesque.com/Commodities_Briefing/?p=137846#comments Wed, 26 Aug 2015 01:37:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137846 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137846>Article Link</a> The global stock rout may have claimed some victims this week, with heavy selling sending the S&P 500 into correction territory, but equity markets can still offer returns for investors. The definition of “correction territory” is when you see a downward move from a recent high of 10 percent or more. (more…)

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The 21 commodities that say China isn’t the problem: Russell http://www.opalesque.com/Commodities_Briefing/?p=137845 http://www.opalesque.com/Commodities_Briefing/?p=137845#comments Wed, 26 Aug 2015 01:37:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137845 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137845>Article Link</a> One of the reasons advanced for the plunge in commodity prices is concern over the outlook for Chinese demand for raw materials as growth slows in the world’s second-largest economy. But these are fears not necessarily in evidence, as can be seen by trawling through the detailed customs data for July. (more…)

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Commodities Rebound From 16-Year Low as Oil, Metals Lead Gains http://www.opalesque.com/Commodities_Briefing/?p=137844 http://www.opalesque.com/Commodities_Briefing/?p=137844#comments Wed, 26 Aug 2015 01:37:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137844 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137844>Article Link</a> Flush from a collapse in everything from oil to aluminum to cotton, commodity bears are taking a break. A measure of returns from 22 raw materials advanced on Tuesday, recovering from the lowest level since 1999 on concern a slowing Chinese economy will exacerbate supply gluts. Shares in miners and explorers outside China including Glencore Plc, Fortescue Metals Group Ltd. and Antofagasta Plc recouped some losses after a selloff that wiped $2.7 trillion from global equity markets. (more…)

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Natural Gas Rises as Commodities Rebound From Global Selloff http://www.opalesque.com/Commodities_Briefing/?p=137843 http://www.opalesque.com/Commodities_Briefing/?p=137843#comments Wed, 26 Aug 2015 01:36:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137843 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137843>Article Link</a> Natural gas futures gained for the first time in three days, rebounding from an 11-week low Monday amid a global rout in commodities, as hotter weather may spur demand from power plants. Temperatures in New York may reach 89 degrees Fahrenheit (32 degrees Celsius) on Aug. 29, 8 above normal, according to AccuWeather Inc. (more…)

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Oil price dips below $43 – how low can it go? http://www.opalesque.com/Commodities_Briefing/?p=137842 http://www.opalesque.com/Commodities_Briefing/?p=137842#comments Wed, 26 Aug 2015 01:36:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137842 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137842>Article Link</a> An acceleration in the recent fall in oil prices has continued, as the international benchmark dropped by more than seven per cent to settle close to $42 a barrel on Monday after a rout on global equity and commodity markets. Brent was recovering slightly on Tuesday morning and stood at $43.42 a barrel, but this still remains well below the $45 nadir it had reached in January. (more…)

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Why the oil price could be depressed for a generation http://www.opalesque.com/Commodities_Briefing/?p=137841 http://www.opalesque.com/Commodities_Briefing/?p=137841#comments Wed, 26 Aug 2015 01:36:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137841 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137841>Article Link</a> Shale oil is undergoing an unheralded productivity boom – the scale of which has not been seen since the early days of IT – that will depress oil prices for a generation. That is the stark view of Neptune head of research Chris Taylor, which has led his firm to minimise exposure to the oil majors across its fund range. (more…)

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Lessons from the oil market’s “lost decade”: Kemp http://www.opalesque.com/Commodities_Briefing/?p=137840 http://www.opalesque.com/Commodities_Briefing/?p=137840#comments Wed, 26 Aug 2015 01:36:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137840 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137840>Article Link</a> Saudi Arabia and its OPEC allies are counting on strong growth in demand coupled with slower growth in non-OPEC supply to rebalance the oil market in 2016. But the experience of the “lost decade” after prices slumped in 1986 suggests rebalancing could take longer than some OPEC members and market analysts expect. (more…)

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Will the oil price crash spur a Saudi/Opec rethink? http://www.opalesque.com/Commodities_Briefing/?p=137839 http://www.opalesque.com/Commodities_Briefing/?p=137839#comments Wed, 26 Aug 2015 01:36:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137839 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137839>Article Link</a> The slide in crude oil prices to the lowest levels since early 2009 is truly alarming for all oil producers but a boost for major consumers, including the world’s shipowners. However, if turmoil in financial markets leads to a global economic slowdown then lower prices will be a mixed blessing. (more…)

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Iran says Will Reclaim Full Oil Market Share http://www.opalesque.com/Commodities_Briefing/?p=137838 http://www.opalesque.com/Commodities_Briefing/?p=137838#comments Wed, 26 Aug 2015 01:35:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137838 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137838>Article Link</a> Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, Iran’s oil minister Bijan Zanganeh said on Tuesday. Iran and six world powers agreed a deal in July to curb Tehran’s nuclear program, but sanctions imposed in 2012 will not be lifted until Iran has complied with all the terms of the pact. (more…)

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Gold price steady around $1,150/oz, dollar recovers http://www.opalesque.com/Commodities_Briefing/?p=137837 http://www.opalesque.com/Commodities_Briefing/?p=137837#comments Wed, 26 Aug 2015 01:35:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137837 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137837>Article Link</a> Gold traded sideways on Tuesday morning after European stocks opened higher and the dollar recovered slightly despite Chinese equities extending losses. The spot gold price was last at $1,150.90/1,151.20 per ounce, little changed from the previous close. Trade has ranged narrowly from $1,146 to $1,156.90 so far. (more…)

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Gold Outlook – Not a Safe Haven Anymore? http://www.opalesque.com/Commodities_Briefing/?p=137836 http://www.opalesque.com/Commodities_Briefing/?p=137836#comments Wed, 26 Aug 2015 01:35:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137836 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137836>Article Link</a> Gold rallied from the July lows of $1077 to test the $1167 level. Gold is believed to be a safe haven where investors put their money during periods of economic uncertainty. During the last economic recession, gold price rallied to over $1920. Unfortunately, this level has been the highest price since 2011. (more…)

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Wary investors seek other havens over gold amid China market rout http://www.opalesque.com/Commodities_Briefing/?p=137835 http://www.opalesque.com/Commodities_Briefing/?p=137835#comments Wed, 26 Aug 2015 01:35:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137835 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137835>Article Link</a> Gold has failed to rally in the face of China’s stock market crisis as investors, scorched by a brutal end to the market’s 12-year bull run, chose cash and bonds for safety over bullion while they seek clarity on the timing of a U.S. rate increase. While at first glance, the failure of a “haven” asset to respond may seem odd, this behaviour is by no means unusual. (more…)

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Market Rout Hasn’t Done Much for Gold http://www.opalesque.com/Commodities_Briefing/?p=137834 http://www.opalesque.com/Commodities_Briefing/?p=137834#comments Wed, 26 Aug 2015 01:34:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137834 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137834>Article Link</a> The rout in global equity markets has only managed to underpin gold, as resistance at $1,170 to $1,172 has kept a lid on the market. Even news that Belarus has added to reserves has done little to encourage fresh length as this is just the fourth day of a short-covering rally. (more…)

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Are Silver Prices About to Hit $64? http://www.opalesque.com/Commodities_Briefing/?p=137833 http://www.opalesque.com/Commodities_Briefing/?p=137833#comments Wed, 26 Aug 2015 01:34:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137833 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137833>Article Link</a> We have said many times that the outlook for silver is bright. The grey metal, unlike gold, is not only an investment vehicle, but also an industrial metal that has growing demand from electronics manufacturers and solar panel producers. This time, let’s look at one of the most important ratios in precious metals—the gold to silver price ratio. (more…)

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Palladium slide exaggerated, short-covering and bargain hunting likely http://www.opalesque.com/Commodities_Briefing/?p=137832 http://www.opalesque.com/Commodities_Briefing/?p=137832#comments Wed, 26 Aug 2015 01:34:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137832 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137832>Article Link</a> Palladium’s recent price fall is exaggerated and there is now room for short-covering and bargain hunting, market participants said. The metal fell to a low of $530 this morning – its cheapest since September 2010 – and was last at $550/555 per ounce, down $16 on Monday’s close. (more…)

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Copper: Why Price Of The Metal Could Affect You http://www.opalesque.com/Commodities_Briefing/?p=137831 http://www.opalesque.com/Commodities_Briefing/?p=137831#comments Wed, 26 Aug 2015 01:34:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137831 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137831>Article Link</a> Why Should I Care About Copper? It is used in everything from cars to electricity transmission, so its price performance is considered an accurate reflection of the health of the global economy. Hasn’t Copper’s Price Been Falling Like Everything Else? Yes. Lower demand from China, the world’s biggest consumer of base metals, has meant prices have fallen to their lowest levels since 2009. (more…)

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EU Probing ‘Anticompetitive Behavior in Precious Metals Spot Trading’ http://www.opalesque.com/Commodities_Briefing/?p=137830 http://www.opalesque.com/Commodities_Briefing/?p=137830#comments Wed, 26 Aug 2015 01:33:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137830 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137830>Article Link</a> The European Union’s competition watchdog is investigating alleged “anticompetitive behavior in precious metals spot trading,” a spokesman said. The spokesman for the European Commission, Ricardo Cardoso, declined to give more details on the probe. (more…)

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Outlook for base metal prices continues to grow cloudier: BMO http://www.opalesque.com/Commodities_Briefing/?p=137829 http://www.opalesque.com/Commodities_Briefing/?p=137829#comments Wed, 26 Aug 2015 01:33:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137829 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137829>Article Link</a> Despite the second biggest price decline in the past 35 years, the outlook for base metals doesn’t look good, says a new report from BMO Capital Markets. “Although prices have tanked, we expect that markets will remain lacklustre or even test lower levels by the end of 2016, given strong headwinds blowing from multiple directions,” BMO said. (more…)

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Forget Dollar, Look at These European Currency ETFs http://www.opalesque.com/Commodities_Briefing/?p=137828 http://www.opalesque.com/Commodities_Briefing/?p=137828#comments Wed, 26 Aug 2015 01:33:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137828 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137828>Article Link</a> Surprising many investors, the global currency market underwent a trend reversal lately. A dovish Fed, which is still in two minds about raising the key interest rates next month, and extreme tantrums from the Chinese market stoked global growth worries all over again. (more…)

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