Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Thu, 02 Jul 2015 02:03:42 +0000 http://wordpress.org/?v=2.5.1 en Global slump in agri commodities to persist: report http://www.opalesque.com/Commodities_Briefing/?p=136995 http://www.opalesque.com/Commodities_Briefing/?p=136995#comments Thu, 02 Jul 2015 02:03:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136995 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136995>Article Link</a> A major factor driving lower food prices globally is lower oil prices that is pushing down energy and fertilizer costs, the report said, adding, this will remove incentives for production of bio-fuels. Better crop yields and a slower growth in global demand will lead to a gradual decline in real prices of major crops over the next decade, said the Agricultural Outlook 2015-2024 released on Wednesday. (more…)

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Commodities Break Their Ties http://www.opalesque.com/Commodities_Briefing/?p=136994 http://www.opalesque.com/Commodities_Briefing/?p=136994#comments Thu, 02 Jul 2015 02:03:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136994 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136994>Article Link</a> Tumbling oil prices and a historic rally in the U.S. dollar had commodity markets marching in lock step for months, but they broke ranks in the second quarter. Oil prices, which touched six-year lows in March, gained 24.9% in the second quarter on expectations of slowing supplies and higher demand. (more…)

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China launches new oil and gas trading platform - Xinhua http://www.opalesque.com/Commodities_Briefing/?p=136993 http://www.opalesque.com/Commodities_Briefing/?p=136993#comments Thu, 02 Jul 2015 02:03:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136993 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136993>Article Link</a> A new trading platform for oil and gas was launched in China on Wednesday, state media reported, as the world’s largest energy consumer looks to extend its influence over global commodity pricing. The Shanghai Petroleum and Natural Gas Exchange (SHPGX), which is registered in the Shanghai free trade zone, will initially only handle natural gas transactions during a test run. (more…)

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Iran eyes $100bn of western investment in oil industry http://www.opalesque.com/Commodities_Briefing/?p=136992 http://www.opalesque.com/Commodities_Briefing/?p=136992#comments Thu, 02 Jul 2015 02:02:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136992 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136992>Article Link</a> Iran is finalising a contract system to secure about $100bn of new oil and gas deals with western companies if sanctions are lifted. The move marks a big shift for a regime traditionally wary of of foreign groups participating in its energy sector. (more…)

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U.S. crude prices tumble most since April on surprise stock build http://www.opalesque.com/Commodities_Briefing/?p=136991 http://www.opalesque.com/Commodities_Briefing/?p=136991#comments Thu, 02 Jul 2015 02:02:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136991 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136991>Article Link</a> U.S. crude prices fell 4 percent on Wednesday, posting their biggest daily drop since April after oil stockpiles in the United States rose for the first time in more than two months. The selloff was a jolt to crude traders and investors who have seen U.S. prices in fairly tight trading ranges over the past 10 weeks versus sharper moves down in European oil. (more…)

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Oil Prices Hit Two-Month Low on U.S. Inventory Data http://www.opalesque.com/Commodities_Briefing/?p=136990 http://www.opalesque.com/Commodities_Briefing/?p=136990#comments Thu, 02 Jul 2015 02:02:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136990 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136990>Article Link</a> The U.S. oil glut is growing again, spurred by a sharp ramp up in production and threatening to put renewed pressure on crude prices. U.S. crude-oil stockpiles rose last week for the first time in nine weeks, according to a Wednesday report from the Energy Information Administration. (more…)

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OPEC oil output hits three-year high in June on Iraq: Reuters survey http://www.opalesque.com/Commodities_Briefing/?p=136989 http://www.opalesque.com/Commodities_Briefing/?p=136989#comments Thu, 02 Jul 2015 02:02:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136989 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136989>Article Link</a> OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group’s top exporters on market share. (more…)

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Greece is in crisis—why no love for gold? http://www.opalesque.com/Commodities_Briefing/?p=136988 http://www.opalesque.com/Commodities_Briefing/?p=136988#comments Thu, 02 Jul 2015 02:02:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136988 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136988>Article Link</a> People tend to flock to gold as a safe-haven investment during a crisis. So, why not in the case of Greece? There is no reason for gold to get any love now because this is a political crisis, not a currency crisis. The primary reason you buy the “barbarous relic” that is gold is fear of a global currency crisis. (more…)

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Greece default: Why isn’t gold budging? http://www.opalesque.com/Commodities_Briefing/?p=136987 http://www.opalesque.com/Commodities_Briefing/?p=136987#comments Thu, 02 Jul 2015 02:01:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136987 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136987>Article Link</a> Gold’s stubborn non-reaction to Greece’s default on its crucial 1.5 billion euro repayment ($1.7 billion) to the International Monetary Fund (IMF) couldn’t be more disappointing to bullion bugs. The yellow metal reversed slight gains to trade around 0.3 percent lower at $1,169 on Wednesday, despite heightened uncertainty around the fate of the heavily-indebted nation. (more…)

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UBS Asks, ‘Is Gold Ignoring Greece?’ http://www.opalesque.com/Commodities_Briefing/?p=136986 http://www.opalesque.com/Commodities_Briefing/?p=136986#comments Thu, 02 Jul 2015 02:01:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136986 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136986>Article Link</a> UBS strategist Edel Tully wondered why gold seemed to be so disconnected from the Greek crisis. He noted that “developments in Greece don’t seem to be impacting gold in any meaningful way,” at least relative to “how the market has reacted in the past.” (more…)

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Russia has no gold market, expert says http://www.opalesque.com/Commodities_Briefing/?p=136985 http://www.opalesque.com/Commodities_Briefing/?p=136985#comments Thu, 02 Jul 2015 02:01:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136985 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136985>Article Link</a> European investors have been buying gold coins actively against the background of the intensifying financial crisis in Greece. Restriction on cash withdrawals in Greece led to a sharp increase in demand for investment coins in Germany, France and in Greece. Pravda.Ru interviewed Finam’s analyst at the department for international markets, Vadim Sysoev, about the current state of affairs on the market of gold. (more…)

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World’s best gold forecaster is solidly bearish on bullion http://www.opalesque.com/Commodities_Briefing/?p=136984 http://www.opalesque.com/Commodities_Briefing/?p=136984#comments Thu, 02 Jul 2015 02:01:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136984 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136984>Article Link</a> There will be no relief any time soon from gold’s worst losing streak in almost two decades, according to the most accurate forecaster for precious metals. After sliding about 1 per cent since December, prices will drop an additional 10 per cent by the end of 2015, reaching $1,050 (U.S.) an ounce – a five-year low – predicts Barnabas Gan, an economist at Oversea-Chinese Banking Corp. in Singapore. (more…)

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Investing in the Next Silver Bull Market http://www.opalesque.com/Commodities_Briefing/?p=136983 http://www.opalesque.com/Commodities_Briefing/?p=136983#comments Thu, 02 Jul 2015 02:01:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136983 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136983>Article Link</a> There was a recent article on the SilverSeek website. It states that the paper market for silver futures is now over one billion ounces, most of which represents a naked short position in silver. The article says that the Comex silver market is the most corrupt in history, which is obviously quite subjective and a pretty tough accusation to prove. (more…)

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Aluminium, zinc rebound on hopes for demand, Greek deal http://www.opalesque.com/Commodities_Briefing/?p=136982 http://www.opalesque.com/Commodities_Briefing/?p=136982#comments Thu, 02 Jul 2015 02:00:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136982 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136982>Article Link</a> Most base metals rebounded on Wednesday on brighter prospects for a Greek bailout deal and after solid U.S. economic data that spurred hopes for stronger demand. Many investors scrambled to close out short positions after profiting from sharp falls over the past two days when some metals hit multi-year lows. (more…)

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Rough Days Ahead for Platinum ETF http://www.opalesque.com/Commodities_Briefing/?p=136981 http://www.opalesque.com/Commodities_Briefing/?p=136981#comments Thu, 02 Jul 2015 02:00:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136981 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136981>Article Link</a> Thanks to a stronger dollar led by expectations of higher interest rates, many of the commodities have been reeling under pressure this year. The broad-based DB Commodity Index Tracking Fund (DBC) is down 4.5% this year, indicating that the pain has been felt across the broad. (more…)

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Alternative Investments, ETFs Are Increasingly Popular http://www.opalesque.com/Commodities_Briefing/?p=136980 http://www.opalesque.com/Commodities_Briefing/?p=136980#comments Thu, 02 Jul 2015 02:00:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136980 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136980>Article Link</a> Institutional investors and hedge funds are expected to significantly raise their allocation to alternative investment strategies ahead. With exchange traded funds, any investor can access alts strategies as well. (more…)

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World’s first diamond exchange will go live in Singapore in September http://www.opalesque.com/Commodities_Briefing/?p=136979 http://www.opalesque.com/Commodities_Briefing/?p=136979#comments Thu, 02 Jul 2015 02:00:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136979 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136979>Article Link</a> The Singapore Diamond Investment Exchange Pte Ltd (SdiX) on Wednesday announced it will launch the world’s first commodities exchange in physically settled diamonds in Singapore. The exchange is targeted to go live in September 2015. (more…)

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India: Algorithmic trading in domestic commodities sees sharp spike http://www.opalesque.com/Commodities_Briefing/?p=136978 http://www.opalesque.com/Commodities_Briefing/?p=136978#comments Thu, 02 Jul 2015 01:59:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136978 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136978>Article Link</a> The share of trading based on algorithms, or algo trading in popular parlance, has seen a sharp rise in domestic commodity markets, amid regulatory concerns on the volatility that such trading can bring to the markets. (more…)

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The 5 Best Stocks to Invest in Commodities http://www.opalesque.com/Commodities_Briefing/?p=136977 http://www.opalesque.com/Commodities_Briefing/?p=136977#comments Thu, 02 Jul 2015 01:59:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136977 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136977>Article Link</a> Commodities aren’t for the faint of heart, which is why it’s best to just stick with the best stocks in each commodity basket. Commodities have been giving investors fits for years. All four commodities have taken investors on triple-digit price rides with rapid ascends and devastating falls. It’s that allure of a rapid rise that continues to draw investors in with hopes of making a mint on higher prices. (more…)

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How About a Global Currency? http://www.opalesque.com/Commodities_Briefing/?p=136976 http://www.opalesque.com/Commodities_Briefing/?p=136976#comments Thu, 02 Jul 2015 01:59:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136976 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136976>Article Link</a> It’s almost a truism to say that membership in the euro exacerbated the Greek crisis. The thinking goes like this: Because Greece doesn’t have its own currency, it couldn’t increase its competitiveness and boost growth through devaluation. Although devaluation is a valuable instrument, I think most countries and companies would benefit if the world, not just Europe, used a single currency. (more…)

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Bitcoin’s price surges as Greeks rush to buy in http://www.opalesque.com/Commodities_Briefing/?p=136975 http://www.opalesque.com/Commodities_Briefing/?p=136975#comments Thu, 02 Jul 2015 01:59:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136975 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136975>Article Link</a> Greeks have rushed to Bitcoin as the country’s financial future hangs in the balance. The digital currency has risen seven per cent since Friday and, at £262, is at its highest level since March. Interestingly, gold – which has long been relied on as a store of wealth during crises – has actually fallen in value. The precious metal is priced 1 per cent lower than on Friday, at $1,168 a troy ounce. (more…)

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Would Grexit spell disaster for Europe’s single currency? http://www.opalesque.com/Commodities_Briefing/?p=136974 http://www.opalesque.com/Commodities_Briefing/?p=136974#comments Thu, 02 Jul 2015 01:59:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136974 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136974>Article Link</a> The prospect of Greece leaving the euro has sent shock waves, not just through Greece, but also the eurozone. Greeks can look to the examples of Argentina and Iceland to see what experience may await them after default and devaluation. But the fate of the eurozone is more complex and uncertain. (more…)

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Chinese carbon market doldrums may undermine climate efforts http://www.opalesque.com/Commodities_Briefing/?p=136973 http://www.opalesque.com/Commodities_Briefing/?p=136973#comments Thu, 02 Jul 2015 01:58:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136973 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136973>Article Link</a> Regulatory uncertainty and a lack of transparency have left trade on China’s seven pilot carbon exchanges in the doldrums, which could undermine efforts to cut the nation’s greenhouse gas emissions. China told the United Nations on Tuesday it would cap its emissions by 2030, and promised to cut carbon intensity - the amount produced per unit of economic growth - by 60-65 percent from 2005 levels by then as well. (more…)

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EU Eyes Setting Aside Carbon Permits for Production Increases http://www.opalesque.com/Commodities_Briefing/?p=136972 http://www.opalesque.com/Commodities_Briefing/?p=136972#comments Thu, 02 Jul 2015 01:58:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136972 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136972>Article Link</a> The European Commission plans to propose earmarking a quota of permits in its carbon market after 2020 for companies entering the system and for potential production increases, according to a draft law. (more…)

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A global history of emissions reduction schemes http://www.opalesque.com/Commodities_Briefing/?p=136971 http://www.opalesque.com/Commodities_Briefing/?p=136971#comments Thu, 02 Jul 2015 01:58:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136971 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136971>Article Link</a> In December, representatives from almost 200 countries will meet in Paris to sign a new global climate treaty. What can governments do to cut back on greenhouse gas emissions? For governments, carbon emissions reduction options fit into three broad categories. The first is the provision of direct subsidies or tax deductions for industries that move to a low carbon profile. (more…)

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Commodities Jump Most Since February as Corn, Soybeans Rally http://www.opalesque.com/Commodities_Briefing/?p=136970 http://www.opalesque.com/Commodities_Briefing/?p=136970#comments Wed, 01 Jul 2015 01:34:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136970 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136970>Article Link</a> The outlook for smaller crop supplies sent corn and soybean prices surging, spurring the biggest gain for raw-material prices since February. The Bloomberg Commodity Index of 22 components rose 1.9 percent to 102.69 as of 3:30 p.m. in New York, on pace for the largest advance since Feb. 3. Corn soared the most since 2010, climbing 7.7 percent, the biggest gain among the asset class on Tuesday. (more…)

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Basic Materials: China Slowdown Weighs on Commodities (With One Exception) http://www.opalesque.com/Commodities_Briefing/?p=136969 http://www.opalesque.com/Commodities_Briefing/?p=136969#comments Wed, 01 Jul 2015 01:34:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136969 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136969>Article Link</a> We expect coal, copper, and iron ore prices to remain below long-term averages as China continues to shift away from an investment-led economy. The basic materials sector is trading close to our aggregate fair values at a median price/fair value of 0.97 compared with a market price/fair value of 0.99. (more…)

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Commodities Green Shoots Suggest Better H2 - Analysts http://www.opalesque.com/Commodities_Briefing/?p=136968 http://www.opalesque.com/Commodities_Briefing/?p=136968#comments Wed, 01 Jul 2015 01:33:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136968 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136968>Article Link</a> Commodity prices have been largely flatlined in the past few months, and even on the year, would appear to be on life-support. Nevertheless, analysts see scope for commodity recovery in the second half of 2015 and point to several factors that could revive global investor interest. (more…)

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Why an Iran deal could mean lower oil prices http://www.opalesque.com/Commodities_Briefing/?p=136967 http://www.opalesque.com/Commodities_Briefing/?p=136967#comments Wed, 01 Jul 2015 01:33:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136967 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136967>Article Link</a> A final accord to curtail Tehran’s nuclear ambitions could lead to a glut of Iranian oil hitting an already “oversupplied market,” which would serve to pressure prices, oil expert John Kilduff said Tuesday, as negotiators in Vienna face a deadline that’s expected to be extended. (more…)

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Oil Prices Gain in Second Quarter http://www.opalesque.com/Commodities_Briefing/?p=136966 http://www.opalesque.com/Commodities_Briefing/?p=136966#comments Wed, 01 Jul 2015 01:33:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136966 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136966>Article Link</a> U.S. oil prices rose on Tuesday, posting a 25% quarterly gain, after Iran and six world powers extended the deadline for nuclear talks until July 7. Prices posted their largest single-quarter percentage gain since 2009 on expectations of a drop in U.S. production and growing demand after slumping to near-six-year lows earlier in the year. (more…)

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BP’s chief economist sees U.S. shale weathering oil surplus http://www.opalesque.com/Commodities_Briefing/?p=136965 http://www.opalesque.com/Commodities_Briefing/?p=136965#comments Wed, 01 Jul 2015 01:33:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136965 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136965>Article Link</a> Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BP’s chief economist said on Tuesday. (more…)

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Oil uptrend breakout http://www.opalesque.com/Commodities_Briefing/?p=136964 http://www.opalesque.com/Commodities_Briefing/?p=136964#comments Wed, 01 Jul 2015 01:33:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136964 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136964>Article Link</a> The NYMEX oil price remains bullish and could be headed for $63, technical analysis shows. It’s developed a double bottom pattern near $45 as the downtrend consolidation developed. When the height of the double bottom is measured, this value is projected above the peak of the double bottom pattern near $53. This pattern is also called a W trend reversal pattern. (more…)

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New oil bull market in sight as Brazil, Iraq cut output targets http://www.opalesque.com/Commodities_Briefing/?p=136963 http://www.opalesque.com/Commodities_Briefing/?p=136963#comments Wed, 01 Jul 2015 01:32:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136963 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136963>Article Link</a> Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. shale industry. (more…)

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Is there a huge investing opportunity in the oil markets? http://www.opalesque.com/Commodities_Briefing/?p=136962 http://www.opalesque.com/Commodities_Briefing/?p=136962#comments Wed, 01 Jul 2015 01:32:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136962 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136962>Article Link</a> A rare occurrence now happening on oil markets might be a huge opportunity for investors who play it right, says Tim Pickering, president and chief investment officer at Auspice Capital Advisors Ltd. (more…)

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OPEC output surges as Iraq accelerates production http://www.opalesque.com/Commodities_Briefing/?p=136961 http://www.opalesque.com/Commodities_Briefing/?p=136961#comments Wed, 01 Jul 2015 01:32:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136961 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136961>Article Link</a> Iraqi crude production climbed to a record this month, helping send OPEC output to the highest level since August 2012. Output by the Organisation of Petroleum Exporting Countries climbed 744,000 barrels to 32.134 million a day this month, according to a Bloomberg survey of oil companies, producers and analysts. Last month’s total was revised 189,000 barrels lower to 31.39 million a day, because of changes to the Saudi, Iraqi, Algerian and Nigerian estimates. (more…)

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OPEC oil output hits 3-year high in June on Iraq - Reuters survey http://www.opalesque.com/Commodities_Briefing/?p=136960 http://www.opalesque.com/Commodities_Briefing/?p=136960#comments Wed, 01 Jul 2015 01:32:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136960 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136960>Article Link</a> OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group’s top exporters on market share. (more…)

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All Signs Point To Higher Gold Prices http://www.opalesque.com/Commodities_Briefing/?p=136959 http://www.opalesque.com/Commodities_Briefing/?p=136959#comments Wed, 01 Jul 2015 01:31:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136959 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136959>Article Link</a> In the face of historic monetary stimulus from nearly every major central bank in the world over the past few years, an investment in gold would have seemed to be a “no-brainer.” Yet the precious metal’s price, around $1,178 per ounce, has barely budged. Now may be the time to give gold a fresh look. Fundamental drivers appear in place for long-term upside, and technical support could provide a near-term catalyst. (more…)

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Gold price unaffected by Greek crisis http://www.opalesque.com/Commodities_Briefing/?p=136958 http://www.opalesque.com/Commodities_Briefing/?p=136958#comments Wed, 01 Jul 2015 01:31:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136958 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136958>Article Link</a> The situation on the gold market calmed down quickly again yesterday following the initial turmoil and the gold price shed all of its gains again. This morning sees gold trading at $1,175 and €1,050 per troy ounce respectively. Clearly, gold market participants are expecting Greece to remain in the Eurozone. (more…)

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China targets counterweight in gold trade with yuan fix http://www.opalesque.com/Commodities_Briefing/?p=136957 http://www.opalesque.com/Commodities_Briefing/?p=136957#comments Wed, 01 Jul 2015 01:31:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136957 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136957>Article Link</a> A decade after China kicked off a series of gold market reforms, plans to establish a yuan price fix mark one of Beijing’s biggest step so far to capitalise on the country’s position as the world’s top producer and a leading consumer. (more…)

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Silver About to Turn More Volatile http://www.opalesque.com/Commodities_Briefing/?p=136956 http://www.opalesque.com/Commodities_Briefing/?p=136956#comments Wed, 01 Jul 2015 01:31:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136956 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136956>Article Link</a> Silver has moved sideways for about nine months, after it moved sideways from a slightly higher level for about 14 months. Boring! The big events in the past 5 years have been: August 2010: Silver began a huge move from under $18 to nearly $50. April 2011: Silver hit a 30 year high just under $50.00. (more…)

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With Greek Uncertainty, Investors Seek Safety in Gold and Bitcoin http://www.opalesque.com/Commodities_Briefing/?p=136955 http://www.opalesque.com/Commodities_Briefing/?p=136955#comments Wed, 01 Jul 2015 01:30:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136955 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136955>Article Link</a> As Greece descends into financial crisis, its citizens and investors globally are turning to hedges old and new. European demand for the age-old safe haven of gold coins has risen in recent weeks, as has the relatively new concept of investments in digital bitcoins, market participants say. (more…)

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Nickel Slides to 6-Year Low as Shanghai Eases Constraint http://www.opalesque.com/Commodities_Briefing/?p=136954 http://www.opalesque.com/Commodities_Briefing/?p=136954#comments Wed, 01 Jul 2015 01:30:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136954 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136954>Article Link</a> Industrial metals from aluminum to tin capped the longest run of quarterly losses since 2001 on concern that a sputtering economy will erode demand in China, the world’s top consumer, while turmoil in Greece mounts. (more…)

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Strong $1.6 bln inflows into top Shanghai ETFs fuel govt support speculation http://www.opalesque.com/Commodities_Briefing/?p=136953 http://www.opalesque.com/Commodities_Briefing/?p=136953#comments Wed, 01 Jul 2015 01:30:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136953 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136953>Article Link</a> The four biggest exchange-traded funds (ETFs) on the Shanghai Stock Exchange attracted nearly 10 billion yuan ($1.6 billion) worth of subscriptions on Monday, when major indexes slumped more than 3 percent. (more…)

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3 Agricultural ETFs Rising on Wet Weather http://www.opalesque.com/Commodities_Briefing/?p=136952 http://www.opalesque.com/Commodities_Briefing/?p=136952#comments Wed, 01 Jul 2015 01:30:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136952 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136952>Article Link</a> After a rough patch over the last six months thanks to a stronger dollar and accelerated crop plantation on a favorable weather outlook, agricultural ETFs seem to have turned the corner. Last week was great for the beaten down agro-based commodities, as worries over wet weather in America’s key growing belts led traders to bet on the contracts of several agricultural commodities. (more…)

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How do you change a currency – fast? http://www.opalesque.com/Commodities_Briefing/?p=136951 http://www.opalesque.com/Commodities_Briefing/?p=136951#comments Wed, 01 Jul 2015 01:29:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136951 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136951>Article Link</a> With Grexit looming for Greece, how would the country bring a new currency into circulation as quickly as possible? The drachma was the world’s oldest existing currency before it was replaced by the euro on January 1, 2001. And it may be about to make a comeback. This Sunday’s referendum is described by European leaders as a vote for or against the euro. If Greece votes “oxi”, the country may soon be looking for a new currency. (more…)

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Greece’s Five Possible Future Currency Arrangements http://www.opalesque.com/Commodities_Briefing/?p=136950 http://www.opalesque.com/Commodities_Briefing/?p=136950#comments Wed, 01 Jul 2015 01:29:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136950 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136950>Article Link</a> Greece is poised between remaining a member of the eurozone or leaving it. In fact, there are five possible future currency arrangements for Greece. Here they are: Greece stays in the eurozone: This is the option likely to cause the smallest short-term disruption to the Greek economy. The Greek central bank would retain access to liquidity from the European Central Bank, and the Greek banks would stay on life support. (more…)

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South Korea confirms plan for 37 per cent carbon cuts http://www.opalesque.com/Commodities_Briefing/?p=136949 http://www.opalesque.com/Commodities_Briefing/?p=136949#comments Wed, 01 Jul 2015 01:29:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136949 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136949>Article Link</a> Asian powerhouse to submit higher reductions than expected today as contribution to global emissions reduction deal. South Korea has confirmed plans to cut emissions 37 per cent against a business as usual baseline, up from the 15 to 30 per cent reduction it had initially proposed. (more…)

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China to cap rising emissions by 2030 in boost to Paris deal http://www.opalesque.com/Commodities_Briefing/?p=136948 http://www.opalesque.com/Commodities_Briefing/?p=136948#comments Wed, 01 Jul 2015 01:29:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136948 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136948>Article Link</a> In a big leap towards ensuring a climate deal in Paris this winter, the world’s biggest carbon dioxide emitter China on Tuesday submitted a comprehensive action plan to check its rising carbon flow into atmosphere including peaking of its emissions by 2030. (more…)

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Commodities Drop as Greek Turmoil Spurs Concern Demand Will Wane http://www.opalesque.com/Commodities_Briefing/?p=136947 http://www.opalesque.com/Commodities_Briefing/?p=136947#comments Tue, 30 Jun 2015 02:22:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136947 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136947>Article Link</a> Commodities fell the most in a week on concern that Greece’s deepening financial crisis will threaten global economic growth and demand for energy and metals. The Bloomberg Commodity Index of 22 raw materials lost as much as 0.9 percent, the most since June 19. Energy products and industrial metals led declines, with crude oil dropping to a three-week low and nickel slumping to the lowest since 2009. (more…)

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Greece and China weigh on commodities http://www.opalesque.com/Commodities_Briefing/?p=136946 http://www.opalesque.com/Commodities_Briefing/?p=136946#comments Tue, 30 Jun 2015 02:22:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136946 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136946>Article Link</a> Commodities did not escape the market turmoil caused by Greece’s capital controls and a hefty drop in Chinese equities, with the stronger dollar and risk aversion hitting raw materials led by oil and metals. ICE August Brent, the international benchmark that has traded within a tight range of $61-$66 a barrel for several weeks, fell $1.41 a barrel to $61.86. In the US, Nymex August West Texas Intermediate fell $1.23 a barrel to $58.40. (more…)

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El Niño set to disrupt key commodities in 2015 http://www.opalesque.com/Commodities_Briefing/?p=136945 http://www.opalesque.com/Commodities_Briefing/?p=136945#comments Tue, 30 Jun 2015 02:22:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136945 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136945>Article Link</a> El Niño 2015 is underway and set to hit wheat, coffee and sugar cane production leading to volatile prices, warns a Rabobank report. With buffer stocks for these commodities at ‘comfortable levels’, some of the impact of a particularly strong El Niño would be buffered - but not completely shielded from fundamental and speculative influences. This also held for soy oil and palm oil, the report said. (more…)

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How Will An Iran Deal Impact The Global Oil Market? http://www.opalesque.com/Commodities_Briefing/?p=136944 http://www.opalesque.com/Commodities_Briefing/?p=136944#comments Tue, 30 Jun 2015 02:21:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136944 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136944>Article Link</a> Analysts at Morgan Stanley Research recently polled 299 investors about the impact that a potential Iranian nuclear deal would have on the global oil market. Analyst Haythem Rashed summarized the survey results and noted important upcoming deadlines for oil investors to watch when it comes to the Iran negotiations. (more…)

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Will Opec gain with higher production? http://www.opalesque.com/Commodities_Briefing/?p=136943 http://www.opalesque.com/Commodities_Briefing/?p=136943#comments Tue, 30 Jun 2015 02:21:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136943 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136943>Article Link</a> What is common between the production and marketing approaches of the 12-member Organization of the Petroleum Exporting Countries (Opec) and the world’s three largest producers of iron ore - Vale, BHP Billiton and Rio Tinto? The fall in prices of crude oil from $115 a barrel in June 2014 to $64 now and of iron ore from $205 a tonne to $62.5 have not proved enough disincentive for leading producers of the two most globally traded commodities to apply a production brake. (more…)

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Oil Speculators Least Bullish in 10 Weeks on Iran Talks http://www.opalesque.com/Commodities_Briefing/?p=136942 http://www.opalesque.com/Commodities_Briefing/?p=136942#comments Tue, 30 Jun 2015 02:21:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136942 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136942>Article Link</a> Hedge funds are the least bullish on crude in 10 weeks as talks resumed on a nuclear accord with Iran that could lift sanctions and swell supply. Money managers trimmed their net-long wagers on West Texas Intermediate by 1.3 percent in the week ended June 23, U.S. Commodity Futures Trading Commission data show. (more…)

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Dollar gold price could go below $1,000/oz for short period: Natixis http://www.opalesque.com/Commodities_Briefing/?p=136941 http://www.opalesque.com/Commodities_Briefing/?p=136941#comments Tue, 30 Jun 2015 02:21:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136941 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136941>Article Link</a> The dollar gold price still has room to move lower, below $1,000/oz for a short period of time, Natixis analyst Bernard Dahdah told Platts Monday. In an email Dahdah said that, “even under the stress of the situation in Greece, the price of gold hasn’t benefited much. The market is fixated on the potential interest rate hike by the Federal Reserve. As we get closer to this hike so we expect gold prices to drop gradually.” (more…)

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Gold price suggests investors not betting on Grexit http://www.opalesque.com/Commodities_Briefing/?p=136940 http://www.opalesque.com/Commodities_Briefing/?p=136940#comments Tue, 30 Jun 2015 02:21:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136940 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136940>Article Link</a> Ultimate safe-haven asset fades after brief rally, as investors dismiss possibility of Greek exit from eurozone. A gold rush has failed to materialise as Greece edges closer to total financial collapse, suggesting investors aren’t betting on an imminent ‘Grexit’. (more…)

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Gold price standoff despite confluence of positives http://www.opalesque.com/Commodities_Briefing/?p=136939 http://www.opalesque.com/Commodities_Briefing/?p=136939#comments Tue, 30 Jun 2015 02:20:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136939 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136939>Article Link</a> Price has been remarkably steady over the past week despite a number of factors, which might have been expected to cause it to rise. The gold price has been trading in an extremely narrow range for the past few days, despite a number of seemingly positive pieces of news. It certainly seems that those who do not wish the price to rise back even to the $1,200 level or above have the markets firmly under control. (more…)

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Upside Momentum for Gold Looks Strong in Second Half of the Year http://www.opalesque.com/Commodities_Briefing/?p=136938 http://www.opalesque.com/Commodities_Briefing/?p=136938#comments Tue, 30 Jun 2015 02:20:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136938 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136938>Article Link</a> The Shanghai Gold Exchange is expected to receive approval from its central bank for a yuan-denominated gold fix soon, according to Reuters. If the yuan fix takes off, China could draw buyers in the mainland and foreign suppliers to pay the local price, making the London fix less relevant in the world’s biggest bullion market. (more…)

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Jim Rogers Gold Correction Forecast http://www.opalesque.com/Commodities_Briefing/?p=136937 http://www.opalesque.com/Commodities_Briefing/?p=136937#comments Tue, 30 Jun 2015 02:20:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136937 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136937>Article Link</a> A Jim Rogers gold prediction is taken seriously by investors. And today (Friday) we got a fresh Jim Rogers gold prediction courtesy of a MarketWatch interview. “Gold is in a correction, and the correction has gone on for four years,” Rogers said. (more…)

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Copper benefits from equity margin calls http://www.opalesque.com/Commodities_Briefing/?p=136936 http://www.opalesque.com/Commodities_Briefing/?p=136936#comments Tue, 30 Jun 2015 02:20:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136936 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136936>Article Link</a> The abrupt reversal in China’s stock market has produced one unlikely beneficiary: copper. Though heavily tied to the fortunes of the Chinese economy, copper was the only major industrial commodity that rose on Monday. That may reflect Chinese hedge funds scrambling to buy back bearish bets against the metal, as they faced rising margin calls from the equity market. (more…)

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