Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Wed, 01 Oct 2014 01:40:11 +0000 http://wordpress.org/?v=2.5.1 en Investors Head for Exit as Commodities Extend Slump http://www.opalesque.com/Commodities_Briefing/?p=132973 http://www.opalesque.com/Commodities_Briefing/?p=132973#comments Wed, 01 Oct 2014 01:40:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132973 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132973>Article Link</a> Investors are betting that the worst isn’t over for commodity prices that already are the lowest in five years. About $907 million was pulled from U.S. exchange-traded products backed by raw materials this month, the most since April, data compiled by Bloomberg show. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132973
An already ugly September for commodities just got real http://www.opalesque.com/Commodities_Briefing/?p=132972 http://www.opalesque.com/Commodities_Briefing/?p=132972#comments Wed, 01 Oct 2014 01:39:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132972 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132972>Article Link</a> September was already shaping up as a brutal month for most major commodites. For some markets, it just got a lot uglier. What’s slamming broad swaths of the commodities market? Everything from supply gluts to the dollar’s Samson-like strength of late. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132972
Commodities Head for Biggest Quarterly Loss Since 2008 http://www.opalesque.com/Commodities_Briefing/?p=132971 http://www.opalesque.com/Commodities_Briefing/?p=132971#comments Wed, 01 Oct 2014 01:39:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132971 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132971>Article Link</a> Corn futures tumbled to a five-year low, gold is the cheapest since January and copper extended this year’s decline as raw materials posted their worst quarter since 2008. The Bloomberg Commodity Index fell as much as 1.5 percent today, the biggest intraday loss since June 2013. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132971
India: Commodity super cycle turning downward, says RBI http://www.opalesque.com/Commodities_Briefing/?p=132970 http://www.opalesque.com/Commodities_Briefing/?p=132970#comments Wed, 01 Oct 2014 01:39:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132970 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132970>Article Link</a> The Reserve Bank of India (RBI) has said global commodities prices have already touched inflexion points and are now on a downward path. The central bank’s statement is based on data on commodity prices, both energy and non-energy, for the past five decades. “Since 1894, four super cycles have been identified, with the last starting in the late 1990s and attributed to rapid and sustained industrialisation and urbanisation in China and other emerging economies,” RBI said. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132970
How prices of crude oil are dragging rates of agricultural commodities http://www.opalesque.com/Commodities_Briefing/?p=132969 http://www.opalesque.com/Commodities_Briefing/?p=132969#comments Wed, 01 Oct 2014 01:39:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132969 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132969>Article Link</a> At $96.98 a barrel currently, Brent crude prices have dropped some 12 per cent over the last 12 months. Prices of US crude, on the other hand, have fallen nearly eight per cent. But falling crude prices seem to have inflicted more severe damage on prices of agricultural commodities, particularly corn, wheat, rice and soyabean. Prices of these commodities, barring rice, have dropped by around 30 per cent in the last one year. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132969
OPEC oil output hits highest since 2012 on Libya, Saudi http://www.opalesque.com/Commodities_Briefing/?p=132968 http://www.opalesque.com/Commodities_Briefing/?p=132968#comments Wed, 01 Oct 2014 01:38:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132968 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132968>Article Link</a> OPEC’s oil supply jumped to its highest in almost two years in September, a Reuters survey found, due to further recovery in Libya and higher output from Saudi Arabia and other Gulf producers in the face of sub-$100 per barrel oil prices. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132968
World economic growth to hit 3.4% in 2015 –OPEC http://www.opalesque.com/Commodities_Briefing/?p=132967 http://www.opalesque.com/Commodities_Briefing/?p=132967#comments Wed, 01 Oct 2014 01:38:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132967 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132967>Article Link</a> The Organisation of Petroleum Exporting Countries, OPEC has put the 2015 world economic growth at 3.4 per cent. The cartel expect the world oil demand to increase by 1.19 million barrels per day, bpd, representing a marginal downward adjustment, as an upward revision in the non-OECD region was offset by slower OECD growth. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132967
OPEC Fizzles: Caught Between a Rock and a Shale Boom http://www.opalesque.com/Commodities_Briefing/?p=132966 http://www.opalesque.com/Commodities_Briefing/?p=132966#comments Wed, 01 Oct 2014 01:38:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132966 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132966>Article Link</a> Things just aren’t the way they used to be. Four decades ago, King Faisal of Saudi Arabia snapped his fingers and nearly brought the West to its knees. It happened in 1973, right after he met with Egyptian president Anwar Sadat and they agreed to use their oil as a weapon. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132966
Sun may be our main energy source by 2050: IEA http://www.opalesque.com/Commodities_Briefing/?p=132965 http://www.opalesque.com/Commodities_Briefing/?p=132965#comments Wed, 01 Oct 2014 01:38:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132965 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132965>Article Link</a> Solar power could trump alternatives like fossil fuels, wind, hydro and nuclear to be the world’s largest source of electricity by 2050, according to a prominent energy watchdog. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132965
Stay Liquid for the Coming Gold Boom http://www.opalesque.com/Commodities_Briefing/?p=132964 http://www.opalesque.com/Commodities_Briefing/?p=132964#comments Wed, 01 Oct 2014 01:37:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132964 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132964>Article Link</a> I believe we have two different markets. One is an honest market for physical metal. The other is a market that has increasingly become less than honest. The latter is a paper market, primarily in London and New York, and it is used to muddy the waters of price discovery with gold and silver. This paper market price is assumed to be the real price of gold. I don’t think that’s true. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132964
Demand For Physical Gold Remains Strong As Bullion Banks Suppress Prices http://www.opalesque.com/Commodities_Briefing/?p=132963 http://www.opalesque.com/Commodities_Briefing/?p=132963#comments Wed, 01 Oct 2014 01:37:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132963 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132963>Article Link</a> September has been a poor month for precious metals. Gold is down 5.2%, despite it being gold’s strongest month from a seasonal perspective. The price fall means that gold is heading for the first quarterly loss this year. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132963
Silver Hits Lowest Price Since March 2010 http://www.opalesque.com/Commodities_Briefing/?p=132962 http://www.opalesque.com/Commodities_Briefing/?p=132962#comments Wed, 01 Oct 2014 01:37:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132962 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132962>Article Link</a> Silver traded at $17.07 per ounce on Tuesday, its lowest level since March 2010, according to Reuters. The metal is on its way to the biggest quarterly loss it has seen since the middle of 2013, the source reported. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132962
Silver losing its luster? http://www.opalesque.com/Commodities_Briefing/?p=132961 http://www.opalesque.com/Commodities_Briefing/?p=132961#comments Wed, 01 Oct 2014 01:37:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132961 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132961>Article Link</a> Silver continues to “lose its luster” as new highs in the U.S. Dollar again weigh heavily on the precious metals. Both silver and gold made new contract lows this morning in the December contract as the dollar continues to tear higher. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132961
Can Precious Metals Have A Solid Last Quarter In 2014? http://www.opalesque.com/Commodities_Briefing/?p=132960 http://www.opalesque.com/Commodities_Briefing/?p=132960#comments Wed, 01 Oct 2014 01:36:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132960 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132960>Article Link</a> Spare a thought for gold and silver, the assets left behind in a summer of gung-ho action for several indices, currencies and shares. A bad 2013 has now been consolidated, with growth in the spring months reversed and gold headed perilously close to a new low for the year (hit on January 1st). (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132960
Platinum Slides to 5-Year Low as Demand Wanes After Strike Ends http://www.opalesque.com/Commodities_Briefing/?p=132959 http://www.opalesque.com/Commodities_Briefing/?p=132959#comments Wed, 01 Oct 2014 01:36:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132959 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132959>Article Link</a> Platinum sank to the lowest level since 2009 as a surge in the dollar curbed investor interest, extending the first quarterly loss this year spurred by the resumption of output in South Africa after a strike. Gold held losses near a nine-month low. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132959
Palladium price fizzles as Russia tensions ease http://www.opalesque.com/Commodities_Briefing/?p=132958 http://www.opalesque.com/Commodities_Briefing/?p=132958#comments Wed, 01 Oct 2014 01:36:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132958 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132958>Article Link</a> Palladium prices are more or less back to square one. Earlier this year fears of sanctions or retaliatory measures in the Russia-Ukraine crisis drove palladium from the $700-$750/oz range, where it had comfortably sat for some time, to just over $900/oz in early September. Russia is the world’s top palladium and it was widely theorized broader sanctions - which have yet to materialize - might cut that supply and drive palladium prices higher. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132958
Iron ore price hits five-year low in poor month for commodities http://www.opalesque.com/Commodities_Briefing/?p=132957 http://www.opalesque.com/Commodities_Briefing/?p=132957#comments Wed, 01 Oct 2014 01:36:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132957 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132957>Article Link</a> Iron ore led the way down in a shocking month for Australia’s key commodities, crashing to a fresh five-year low overnight on Monday. Australia’s most lucrative export dived 1.2 per cent to $US77.70 a tonne, taking the month’s losses to 8 per cent. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132957
End of the Iron Age http://www.opalesque.com/Commodities_Briefing/?p=132956 http://www.opalesque.com/Commodities_Briefing/?p=132956#comments Wed, 01 Oct 2014 01:35:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132956 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132956>Article Link</a> Iron is one of the most abundant elements on earth but pulling it out of the ground efficiently can be a daunting undertaking. Snaking through the low, green hills of southern Brazil is a 530km pipeline, the decisive link in Anglo American’s $8.2bn Minas-Rio project to extract iron ore in the Brazilian interior and ship it from a new Atlantic port. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132956
Nickel pulls back but still looks really good - Mohr http://www.opalesque.com/Commodities_Briefing/?p=132955 http://www.opalesque.com/Commodities_Briefing/?p=132955#comments Wed, 01 Oct 2014 01:35:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132955 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132955>Article Link</a> Although LME nickel prices retreated to US$7.80 per pound in late September, Scotiabank economist Patricia Mohr forecasts “the supply & demand balance for nickel in China is still expected to tighten noticeably by early 2015 and we have maintained our price forecast for 2015 & 2016 at a strong US$10 and US$12 respectively.” (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132955
Russia is making a comeback on the global rare earth metals market http://www.opalesque.com/Commodities_Briefing/?p=132954 http://www.opalesque.com/Commodities_Briefing/?p=132954#comments Wed, 01 Oct 2014 01:35:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132954 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132954>Article Link</a> In the next three years, the Urals will launch production using new technology to extract rare earth metals from uranium ore. Scientists expect the project to help Russia return to a market that not so long ago was completely dominated by China. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132954
Pimco ETF sees nearly $550 mln in outflows in two days http://www.opalesque.com/Commodities_Briefing/?p=132953 http://www.opalesque.com/Commodities_Briefing/?p=132953#comments Wed, 01 Oct 2014 01:35:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132953 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132953>Article Link</a> The Pimco Total Return exchange-traded fund saw $448 million in outflows Friday following news of the departure of longtime manager Bill Gross, but outflows slowed on Monday to $98 million, according to a Pimco spokesperson. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132953
Currency Hedged ETFs Not Created Equal http://www.opalesque.com/Commodities_Briefing/?p=132952 http://www.opalesque.com/Commodities_Briefing/?p=132952#comments Wed, 01 Oct 2014 01:35:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132952 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132952>Article Link</a> Currency-hedged products like the Deutsche X-trackers MSCI Emerging Markets Hedged Equity ETF (DBEM | F-61) and the newly launched iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) strip out the currency risk for U.S. investors, leaving just the pure performance of the underlying stocks in local emerging markets. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132952
G20 calls for reforms of currency benchmarks http://www.opalesque.com/Commodities_Briefing/?p=132951 http://www.opalesque.com/Commodities_Briefing/?p=132951#comments Wed, 01 Oct 2014 01:35:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132951 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132951>Article Link</a> Finance task force says trading window should be made longer as part of efforts to prevent manipulation. The G20’s finance task force has called on currency traders and benchmark operators to tighten up their practices in an effort to prevent the market from being manipulated. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132951
Bit by bit, bitcoin is gaining currency http://www.opalesque.com/Commodities_Briefing/?p=132950 http://www.opalesque.com/Commodities_Briefing/?p=132950#comments Wed, 01 Oct 2014 01:34:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132950 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132950>Article Link</a> When you can buy a round of drinks at the local with something that can’t be seen let alone held, you know bitcoin has made it. That, or it’s the world’s most elaborate pyramid scheme. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132950
Swiss bank Julius Baer says cooperating in EU carbon market tax fraud probe http://www.opalesque.com/Commodities_Briefing/?p=132949 http://www.opalesque.com/Commodities_Briefing/?p=132949#comments Wed, 01 Oct 2014 01:34:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132949 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132949>Article Link</a> Swiss private bank Julius Baer is cooperating in a French investigation into suspected money laundering and tax fraud by a former client involved in the European carbon allowances market, a spokeswoman said, following French media reports. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132949
Germany issues warrants for two in $171 mln CO2 trading fraud probe http://www.opalesque.com/Commodities_Briefing/?p=132948 http://www.opalesque.com/Commodities_Briefing/?p=132948#comments Wed, 01 Oct 2014 01:34:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132948 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132948>Article Link</a> German authorities on Tuesday sought the arrest of two Pakistani nationals on suspicion of tax evasion of 136 million euros ($171 million) related to the European carbon market, widening a carbon trading probe that has also drawn in Deutsche Bank. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132948
Rising political risk could lure commodity investors http://www.opalesque.com/Commodities_Briefing/?p=132947 http://www.opalesque.com/Commodities_Briefing/?p=132947#comments Tue, 30 Sep 2014 03:31:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132947 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132947>Article Link</a> Commodities may be out of favour but the political landscape could change that. The macroeconomic environment and the outlook for the geopolitical landscape will often dictate whether investors flock to perceived safe haven assets such as gold. Geopolitical tensions have been escalating in recent months in Ukraine and Russia, as well as in the Middle East, while the Scottish referendum created some uncertainty in the markets. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132947
Fed Alarm as Commodities Drop Punishes South African Debt http://www.opalesque.com/Commodities_Briefing/?p=132946 http://www.opalesque.com/Commodities_Briefing/?p=132946#comments Tue, 30 Sep 2014 03:31:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132946 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132946>Article Link</a> South African bonds are on course for their worst returns in eight months, with more pain probably ahead, squeezed between tumbling commodity prices and an emerging-market selloff sparked by the Federal Reserve. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132946
Commodities bear looks to be digging in for long run http://www.opalesque.com/Commodities_Briefing/?p=132945 http://www.opalesque.com/Commodities_Briefing/?p=132945#comments Tue, 30 Sep 2014 03:31:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132945 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132945>Article Link</a> The commodities bear market looks entrenched. Strong supply-side responses, or successful economic stimulus by the European Central Bank, would be required to reverse price falls. Neither looks terribly likely. There is no dearth of reasons to explain a 12-per-cent decline in the Thomson Reuters-Jefferies CRB index of commodity prices in the past three months. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132945
Scotiabank’s commodity index falls sharply in August http://www.opalesque.com/Commodities_Briefing/?p=132944 http://www.opalesque.com/Commodities_Briefing/?p=132944#comments Tue, 30 Sep 2014 03:30:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132944 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132944>Article Link</a> Scotiabank’s monthly commodity price index lost ground in August, dropping 5.4 per cent from July in a broad-based decline. Four of Scotiabank’s commodity subindexes fell, with the biggest declines in the oil and gas sector as well as in agriculture. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132944
Do Falling Commodity Prices Spell Doom? http://www.opalesque.com/Commodities_Briefing/?p=132943 http://www.opalesque.com/Commodities_Briefing/?p=132943#comments Tue, 30 Sep 2014 03:30:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132943 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132943>Article Link</a> A week after the Federal Reserve announced its plan to keep interest rates low, it inadvertently bolstered the appeal of the dollar over raw materials as a store of value.As a result, while U.S. equities are on the rise, global commodity prices have hit a five-year low. But is the commodities slump simply an issue for the natural resources industries, or is it cause for concern for the larger economy? (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132943
Oil Prices Fall, and the Global Economy Wins http://www.opalesque.com/Commodities_Briefing/?p=132942 http://www.opalesque.com/Commodities_Briefing/?p=132942#comments Tue, 30 Sep 2014 03:29:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132942 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132942>Article Link</a> Oil is in the midst of one of its steepest selloffs since the financial crisis, with prices falling 16 percent since mid-June. This has the Saudis contemplating even deeper cuts in oil production to keep prices from declining any further. The world’s biggest crude exporter told OPEC recently that in August it reduced output by more than 400,000 barrels a day. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132942
Shale oil eases the economic pain of Middle East military action http://www.opalesque.com/Commodities_Briefing/?p=132941 http://www.opalesque.com/Commodities_Briefing/?p=132941#comments Tue, 30 Sep 2014 03:29:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132941 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132941>Article Link</a> There was a time when headlines about jets bombing Middle Eastern refineries would have sent oil prices soaring. Granted, Islamic State’s facilities aren’t exactly world class. But it is telling that such violence is doing little to lift the price of crude. Brent is down 13 per cent this year and looks set to post its weakest yearly average price since 2010, before the Arab Spring really got going. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132941
Speculators Slash Bets on Rising Crude Oil Price http://www.opalesque.com/Commodities_Briefing/?p=132940 http://www.opalesque.com/Commodities_Briefing/?p=132940#comments Tue, 30 Sep 2014 03:29:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132940 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132940>Article Link</a> Speculators slashed bets on a rising Brent crude oil price by 34% in the week ended Sept. 23, the biggest weekly cut in their net long position in three years, as the oil price continued to slide lower. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132940
Solar power could be world’s top electricity source by 2050, says IEA http://www.opalesque.com/Commodities_Briefing/?p=132939 http://www.opalesque.com/Commodities_Briefing/?p=132939#comments Tue, 30 Sep 2014 03:29:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132939 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132939>Article Link</a> Falling cost of solar photovoltaic panels could help technology generate up to 16% of world’s electricity by mid-century. Solar energy could be the top source of electricity by 2050, aided by plummeting costs of the equipment to generate it, a report from the International Energy Agency (IEA), the West’s energy watchdog, said on Monday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132939
Gold price: The world’s wealthy are snapping up bullion http://www.opalesque.com/Commodities_Briefing/?p=132938 http://www.opalesque.com/Commodities_Briefing/?p=132938#comments Tue, 30 Sep 2014 03:28:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132938 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132938>Article Link</a> Gold may be lingering at nine-month lows but demand for the precious metal is growing among the super rich. The world’s wealthy are buying record numbers of gold bars, similar to the ones held in reserve banks across the globe and featured in the 1969 British caper film, The Italian Job. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132938
Golden opportunity http://www.opalesque.com/Commodities_Briefing/?p=132937 http://www.opalesque.com/Commodities_Briefing/?p=132937#comments Tue, 30 Sep 2014 03:28:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132937 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132937>Article Link</a> The recent slide in global crude oil and gold prices offers India a reprieve on the current account deficit (CAD), presenting an opportune time for policymakers to ease up on the numerous gold import restrictions. The circumstances which contributed to the unprecedented surge in gold imports in 2011/2012 and resulted in a runaway CAD, have since dramatically changed. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132937
Gold prices may revert to long-term trends http://www.opalesque.com/Commodities_Briefing/?p=132936 http://www.opalesque.com/Commodities_Briefing/?p=132936#comments Tue, 30 Sep 2014 03:28:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132936 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132936>Article Link</a> In times of uncertainty, investors typically flock to gold. But the commodity has fallen out of favour among them, in spite of recent economic turmoil. According to figures from the World Gold Council, between April and June 2014, total global gold demand was 964 tonnes, down 16 per cent on the same period a year earlier. It attributes this drop to consumers and investors pulling back and consolidating their activities. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132936
Bearish investor sentiment may pin down Gold prices: Barclays http://www.opalesque.com/Commodities_Briefing/?p=132935 http://www.opalesque.com/Commodities_Briefing/?p=132935#comments Tue, 30 Sep 2014 03:27:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132935 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132935>Article Link</a> It appears as if bearish investor sentiment has indeed set in, and it may continue to pin down Gold prices, a report by Barclays said. Over the longer term, expectations for rising rates and a stronger dollar will continue to pressure gold, keeping the price-negative macro backdrop too large a burden for any seasonal uptick in physical consumption to overturn. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132935
China gold demand surging again http://www.opalesque.com/Commodities_Briefing/?p=132934 http://www.opalesque.com/Commodities_Briefing/?p=132934#comments Tue, 30 Sep 2014 03:27:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132934 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132934>Article Link</a> We cannot emphasise more strongly that gold followers should ignore the mainstream media reports, based on Hong Kong gold export figures to mainland China, that Chinese gold demand has plummeted by anything between 30% and 50% this year. As we pointed out in an article last week, Hong Kong is now no longer the principal port of entry for gold into the Chinese mainland. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132934
Gold prices may revert to long-term trends http://www.opalesque.com/Commodities_Briefing/?p=132933 http://www.opalesque.com/Commodities_Briefing/?p=132933#comments Tue, 30 Sep 2014 03:26:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132933 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132933>Article Link</a> In times of uncertainty, investors typically flock to gold. But the commodity has fallen out of favour among them, in spite of recent economic turmoil. According to figures from the World Gold Council, between April and June 2014, total global gold demand was 964 tonnes, down 16 per cent on the same period a year earlier. It attributes this drop to consumers and investors pulling back and consolidating their activities. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132933
Nickel Prices Enter Bear Market Amid Record Inventories http://www.opalesque.com/Commodities_Briefing/?p=132932 http://www.opalesque.com/Commodities_Briefing/?p=132932#comments Tue, 30 Sep 2014 03:26:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132932 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132932>Article Link</a> Nickel entered a bear market as stockpiles reached a record, signaling ample global supplies even as Indonesia bans its exports of the mined metal. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132932
Iron Ore Heads for Record Run of Losses as Global Surplus Builds http://www.opalesque.com/Commodities_Briefing/?p=132931 http://www.opalesque.com/Commodities_Briefing/?p=132931#comments Tue, 30 Sep 2014 03:26:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132931 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132931>Article Link</a> Iron ore will complete a third straight quarterly decline today to post the longest losing run on record as a slowdown in China’s economy curbs demand growth in the largest buyer and worsens a global surplus. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132931
Be a Fat Cat. Use the Caymans for Your Commodity ETF http://www.opalesque.com/Commodities_Briefing/?p=132930 http://www.opalesque.com/Commodities_Briefing/?p=132930#comments Tue, 30 Sep 2014 03:26:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132930 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132930>Article Link</a> When an investment area is pronounced dead, it often triggers a blinding rally. Past “dead” investments that went on to rule the leader boards include Japan, solar energy and most recently, long-dated U.S. Treasury bonds. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132930
Inflation-Hedge ETFs Struggle as Commodity Prices Drop http://www.opalesque.com/Commodities_Briefing/?p=132929 http://www.opalesque.com/Commodities_Briefing/?p=132929#comments Tue, 30 Sep 2014 03:25:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132929 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132929>Article Link</a> Traditional inflation-hedging assets and related exchange traded funds are losing ground as the longest commodity decline in over two decades helped keep a lid on consumer prices. For instance, inflation hedging tools such as Treasury Inflation Protected securities have underperformed traditional government debt assets. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132929
ETFs trump shares and physical metal http://www.opalesque.com/Commodities_Briefing/?p=132928 http://www.opalesque.com/Commodities_Briefing/?p=132928#comments Tue, 30 Sep 2014 03:25:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132928 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132928>Article Link</a> Since the dawn of trade, investors have run for the safety of precious metals, in particular gold, during times of crisis and uncertainty. Renewed appetite for precious metals has coincided with perhaps the most democratising revolution in asset management since mutual funds were introduced: exchange-traded funds (ETFs). (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132928
ICE Europe Takes Over Liffe Commodities After 18 Years http://www.opalesque.com/Commodities_Briefing/?p=132927 http://www.opalesque.com/Commodities_Briefing/?p=132927#comments Tue, 30 Sep 2014 03:25:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132927 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132927>Article Link</a> Intercontinental Exchange Inc. (ICE) eliminated the Liffe name and incorporated cocoa, robusta coffee, white sugar and feed wheat futures and options into ICE Futures Europe, owner of the Brent crude contract. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132927
CIC to Cut Stake in Singapore Commodity Trader Noble Group http://www.opalesque.com/Commodities_Briefing/?p=132926 http://www.opalesque.com/Commodities_Briefing/?p=132926#comments Tue, 30 Sep 2014 03:25:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132926 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132926>Article Link</a> Sovereign-wealth fund China Investment Corp. is seeking to raise up to 405 million Singapore dollars (US$318 million) by selling a portion of its stake in Singapore-listed commodity trader Noble Group, people with knowledge of the deal said Monday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132926
Brazil’s real currency sinks to weakest level since late 2008 http://www.opalesque.com/Commodities_Briefing/?p=132925 http://www.opalesque.com/Commodities_Briefing/?p=132925#comments Tue, 30 Sep 2014 03:24:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132925 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132925>Article Link</a> The Brazilian real sank over 2 percent early on Monday to its weakest level in nearly six years as investors grew jittery over growing re-election chances for President Dilma Rousseff, who they blame for driving the economy into a recession. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132925
Venezuela’s Currency Hits New Low http://www.opalesque.com/Commodities_Briefing/?p=132924 http://www.opalesque.com/Commodities_Briefing/?p=132924#comments Tue, 30 Sep 2014 03:24:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132924 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132924>Article Link</a> Venezuela has hit a new, dubious milestone in its slow-motion economic decline: Its largest banknote, the 100-bolívar bill, is worth just one U.S. dollar, at least on the country’s black market. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132924
China’s renminbi could soon joint select group of currencies http://www.opalesque.com/Commodities_Briefing/?p=132923 http://www.opalesque.com/Commodities_Briefing/?p=132923#comments Tue, 30 Sep 2014 03:24:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132923 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132923>Article Link</a> The stage is set for the Chinese renminbi to develop further as a world currency by entering the special drawing right, the International Monetary Fund’s composite currency unit used in official financial transactions and reserves. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132923
Bumper Crops Continue To Drive Ag Commodities Lower http://www.opalesque.com/Commodities_Briefing/?p=132922 http://www.opalesque.com/Commodities_Briefing/?p=132922#comments Tue, 30 Sep 2014 03:11:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132922 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132922>Article Link</a> It was another week of falling prices for soft commodities, as oversupply issues continue to dominate across all the major markets. This is clearly evident from the weekly charts. As the largest exporter, it is the US which sets the price for world markets, with the US Midwest corn belt set to produce a record harvest for a second year. soybeans too are expected to generate the largest crop ever on record. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132922
World needs ‘paradigm shift’ towards sustainable agriculture, UN agency urges http://www.opalesque.com/Commodities_Briefing/?p=132921 http://www.opalesque.com/Commodities_Briefing/?p=132921#comments Tue, 30 Sep 2014 03:11:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132921 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132921>Article Link</a> In order to move towards more sustainable agriculture, a broader approach is needed to overhaul the world’s food system, the head of the United Nations Food and Agriculture Organization (FAO) said today, as he pressed for a global reduction in the quantity of chemicals and water in contemporary agriculture. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132921
How Much of World’s Greenhouse-Gas Emissions Come From Agriculture? http://www.opalesque.com/Commodities_Briefing/?p=132920 http://www.opalesque.com/Commodities_Briefing/?p=132920#comments Tue, 30 Sep 2014 03:11:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132920 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132920>Article Link</a> Agriculture might seem green by definition, but farming accounts for a lot of greenhouse-gas emissions when the entire food production system is taken into account. Typically, estimates of greenhouse-gas emissions from agriculture are around 11%-15% of global emissions. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132920
Beijing says emissions fell during first year of carbon trading http://www.opalesque.com/Commodities_Briefing/?p=132919 http://www.opalesque.com/Commodities_Briefing/?p=132919#comments Tue, 30 Sep 2014 03:10:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132919 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132919>Article Link</a> Carbon dioxide emissions from Beijing’s major polluters fell 4.5 percent in 2013 as a nascent emissions trading scheme cut compliance costs for firms, the Chinese capital’s municipal government said on Monday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132919
Teething troubles http://www.opalesque.com/Commodities_Briefing/?p=132918 http://www.opalesque.com/Commodities_Briefing/?p=132918#comments Tue, 30 Sep 2014 03:10:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132918 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132918>Article Link</a> China is poised to launch a national carbon trading market – potentially the largest one in the world - but if its seven regional pilot projects are anything to go by, there is still much to be done. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132918
Is the EU’s carbon market safe from fraud? http://www.opalesque.com/Commodities_Briefing/?p=132917 http://www.opalesque.com/Commodities_Briefing/?p=132917#comments Tue, 30 Sep 2014 03:10:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132917 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132917>Article Link</a> Four British men were jailed for their role in a multi-million euro carbon market crime syndicate last week, raising the spectre of security concerns over the future of emissions trading. But could such widespread theft happen again? (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132917
Shale, Saudi Arabia and Islamic State Leave Oil Bulls Sweating http://www.opalesque.com/Commodities_Briefing/?p=132916 http://www.opalesque.com/Commodities_Briefing/?p=132916#comments Mon, 29 Sep 2014 02:13:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132916 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132916>Article Link</a> There was a time when headlines about jets bombing Middle Eastern refineries would have sent oil prices soaring. Granted, Islamic State’s facilities aren’t exactly world class. But it is telling that such violence is doing little to lift the price of crude. Brent is down 13% this year and looks set to post its weakest yearly average price since 2010, before the Arab Spring really got going. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132916
The worrying slide in oil prices and demand http://www.opalesque.com/Commodities_Briefing/?p=132915 http://www.opalesque.com/Commodities_Briefing/?p=132915#comments Mon, 29 Sep 2014 02:13:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132915 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132915>Article Link</a> While the price slide has slowed and some crude oils witnessed a rise due to a sudden and unexpected stock drawdown in the US, analysts still see the price direction as headed downward. The price of Brent oil rose to $97 (Dh356) a barrel on September 25 while the Opec basket of crude oils declined slightly to $94.25 a barrel. The US Energy Information Administration (EIA) now expects oil prices to stay below $100 a barrel until the end of the decade. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132915
Iran Urges OPEC To Stop Oil Slide, Gulf Members Relaxed http://www.opalesque.com/Commodities_Briefing/?p=132914 http://www.opalesque.com/Commodities_Briefing/?p=132914#comments Mon, 29 Sep 2014 02:13:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132914 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132914>Article Link</a> Iran on Friday urged OPEC members to make joint efforts to keep oil prices from falling further, highlighting a split with other members such as Saudi Arabia who face lower budget pressures despite a slide in prices towards $95 a barrel. Oil has fallen from $115 in June, pressured by concern about slowing global demand and higher supplies as Libyan output recovers, raising concern among some oil exporters of lower revenues. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=132914