Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Mon, 26 Sep 2016 23:12:21 +0000 http://wordpress.org/?v=2.5.1 en Commodities, Fines and Steak http://www.opalesque.com/Commodities_Briefing/?p=143617 http://www.opalesque.com/Commodities_Briefing/?p=143617#comments Mon, 26 Sep 2016 23:12:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143617 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143617>Article Link</a> As far as I know there are no capital requirements for trading oil. Planet Money bought and sold some oil this year, and they are a public radio show. Bloomberg’s Tracy Alloway bought some last year and sold it to Izabella Kaminska, who then defaulted on the trade. (more…)

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Chinese Commodities Strategy - Food For Thought http://www.opalesque.com/Commodities_Briefing/?p=143616 http://www.opalesque.com/Commodities_Briefing/?p=143616#comments Mon, 26 Sep 2016 23:12:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143616 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143616>Article Link</a> China is the world’s most populous nation with over 1.37 billion people. China is a significant producer of raw materials - the country has tremendous reserves of minerals and metals and the capacity to produce enormous quantities of agricultural products. (more…)

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How to Invest in the Commodities Turnaround http://www.opalesque.com/Commodities_Briefing/?p=143615 http://www.opalesque.com/Commodities_Briefing/?p=143615#comments Mon, 26 Sep 2016 23:11:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143615 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143615>Article Link</a> It’s been a rough couple of years for the commodities group. Investors nearly abandoned most of the sector during this time, leaving energy and fertilizer stocks in the dust. But in 2016, there was some relief. Gold has rebounded and is up 20% year-to-date. Oil hit lows in February but has bounced off that level and hasn’t re-visited it. (more…)

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Bets on higher oil price take biggest cut since 2014 http://www.opalesque.com/Commodities_Briefing/?p=143614 http://www.opalesque.com/Commodities_Briefing/?p=143614#comments Mon, 26 Sep 2016 23:11:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143614 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143614>Article Link</a> Hedge funds and speculators slashed their bets on a higher oil price by the most in more than two years as Opec and other big producers gather in Algiers this week to discuss a possible deal to limit output. (more…)

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No OPEC deal expected, though it would have had impact: CNBC Oil Survey http://www.opalesque.com/Commodities_Briefing/?p=143613 http://www.opalesque.com/Commodities_Briefing/?p=143613#comments Mon, 26 Sep 2016 23:11:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143613 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143613>Article Link</a> OPEC producers could have a significant impact on oil prices if they agree to a production freeze, but it’s unlikely they’ll get it done at this week’s meeting in Algiers, according to a new CNBC Oil Survey. (more…)

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Iran Plays Down Prospects of OPEC Production Deal http://www.opalesque.com/Commodities_Briefing/?p=143612 http://www.opalesque.com/Commodities_Briefing/?p=143612#comments Mon, 26 Sep 2016 23:10:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143612 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143612>Article Link</a> Iranian officials played down expectations for an oil-production deal, calling an OPEC gathering here this week “consultative,” and renewed their vow to pump output higher. (more…)

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Oil market investment needed soon to balance market: Schlumberger CEO http://www.opalesque.com/Commodities_Briefing/?p=143611 http://www.opalesque.com/Commodities_Briefing/?p=143611#comments Mon, 26 Sep 2016 23:10:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143611 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143611>Article Link</a> Investment in exploration and production will have to start increasing soon to help balance the global oil market, Schlumberger CEO Paal Kibsgaard said. (more…)

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No sign of oil freeze at home as Russia meets OPEC http://www.opalesque.com/Commodities_Briefing/?p=143610 http://www.opalesque.com/Commodities_Briefing/?p=143610#comments Mon, 26 Sep 2016 23:10:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143610 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143610>Article Link</a> As Russian energy minister Alexander Novak flies to Algeria this week for talks with OPEC on output cuts, developments at home indicate non-OPEC Russia is not preparing for any coordinated production action. (more…)

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Citi Sees $1,320/Oz Gold In 4Q, Resilient Indian Demand In Coming Years http://www.opalesque.com/Commodities_Briefing/?p=143609 http://www.opalesque.com/Commodities_Briefing/?p=143609#comments Mon, 26 Sep 2016 23:09:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143609 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143609>Article Link</a> Citi Research sees gold easing slightly in the fourth quarter to an average of $1,320 an ounce as the Federal Open Market Committee hikes U.S. interest rates for the first time in a year. Meanwhile, in a special section of the bank’s quarterly commodity forecast released overnight, Citi said Indian demand for gold and certain other commodities – such as crude oil and power — is likely to be helped by rising incomes during the next half of a decade. (more…)

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Gold price: ‘Buying fatigue’ could be a turning point http://www.opalesque.com/Commodities_Briefing/?p=143608 http://www.opalesque.com/Commodities_Briefing/?p=143608#comments Mon, 26 Sep 2016 23:09:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143608 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143608>Article Link</a> Bullish bets on price rising fall as US presidential election and possible interest rates rise add to pressure. Gold could be facing a turning point at the end of what has so far proved to be one of its best years for four decades. (more…)

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Gold Will Likely Soar To A Record http://www.opalesque.com/Commodities_Briefing/?p=143607 http://www.opalesque.com/Commodities_Briefing/?p=143607#comments Mon, 26 Sep 2016 23:09:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143607 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143607>Article Link</a> “Gold will likely soar to a record within five years as asset bubbles burst in everything from bonds to credit and equities, forcing investors to find a haven”, reported Bloomberg last week, quoting Old Mutual Global Investors’ Diego Parrilla. (more…)

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Investing in gold is the best ‘speculative’ bet there is today http://www.opalesque.com/Commodities_Briefing/?p=143606 http://www.opalesque.com/Commodities_Briefing/?p=143606#comments Mon, 26 Sep 2016 23:09:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143606 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143606>Article Link</a> Gold, simply put, is an investment. And I try to view it as such, based on the current macro and market conditions. It’s moderately risky as far as investments go, sure. But anyone who tries to paint the precious metal as a bulwark against disaster or a pitfall to be perpetually avoided is missing a key piece of the market puzzle. (more…)

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Zinc Price Forecast, September 2016: Metal in Deficit http://www.opalesque.com/Commodities_Briefing/?p=143605 http://www.opalesque.com/Commodities_Briefing/?p=143605#comments Mon, 26 Sep 2016 23:08:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143605 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143605>Article Link</a> A recent report from the International Lead and Zinc Study Group found the global market for refined zinc was in deficit from January to July, with total reported inventories declining over the same time frame. (more…)

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The Future Lies In Lithium - Speaker (Video) http://www.opalesque.com/Commodities_Briefing/?p=143604 http://www.opalesque.com/Commodities_Briefing/?p=143604#comments Mon, 26 Sep 2016 23:08:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143604 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143604>Article Link</a> Although he remains bullish on gold, House Mountain Partners president Chris Berry says he is really optimistic on energy metals like lithium and cobalt. “Despite the funk that a lot of the mining sector has been in for a while, it’s clear that the lithiums and cobalts will grow in terms of demand,” he said. (more…)

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Gold price: Hedge funds, ETF investors show buying fatigue http://www.opalesque.com/Commodities_Briefing/?p=143603 http://www.opalesque.com/Commodities_Briefing/?p=143603#comments Mon, 26 Sep 2016 23:08:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143603 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143603>Article Link</a> Gold touched a two-year high in July around $1,380 an ounce and year to date the metal is up 26% or close to $280 an ounce, one of its best annual performances since 1980. But there are signs that buying fatigue has set in for both hedge funds active on the derivatives market and institutional and retail buyers of physically-backed gold exchange traded funds. (more…)

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What’s Next for Gold and Silver ETFs http://www.opalesque.com/Commodities_Briefing/?p=143602 http://www.opalesque.com/Commodities_Briefing/?p=143602#comments Mon, 26 Sep 2016 23:08:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143602 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143602>Article Link</a> The SPDR Gold Shares, iShares Gold Trust and ETFS Physical Swiss Gold Shares and other gold-related exchange traded products got a bit of a reprieve last week when the Federal Reserve again opted against raising interest rates. (more…)

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Getting Near Time for Nat Gas ETFs http://www.opalesque.com/Commodities_Briefing/?p=143601 http://www.opalesque.com/Commodities_Briefing/?p=143601#comments Mon, 26 Sep 2016 23:07:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143601 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143601>Article Link</a> The United States Natural Gas Fund and the iPath Bloomberg Natural Gas Subindex Total Return ETN along with other natural gas-related exchange traded products are often subject to seasonal trends. With winter approaching, the seasonality of natural gas could be advantage for the commodity. (more…)

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India: Sebi issues disclosure norm for commodity exchanges http://www.opalesque.com/Commodities_Briefing/?p=143600 http://www.opalesque.com/Commodities_Briefing/?p=143600#comments Mon, 26 Sep 2016 23:07:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143600 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143600>Article Link</a> Markets regulator Sebi today asked commodity exchanges to make quarterly disclosure about disablement of member terminals, along with duration of such activity, due to shortage of funds and margins. (more…)

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Is HK a threat to Singapore’s lead in Asia FX trading ? http://www.opalesque.com/Commodities_Briefing/?p=143599 http://www.opalesque.com/Commodities_Briefing/?p=143599#comments Mon, 26 Sep 2016 23:07:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143599 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143599>Article Link</a> Singapore remains the world’s third largest foreign exchange (FX) centre and Asia’s biggest, according to the 2016 Triennial Central Bank Survey by the Bank for International Settlement. This is no mean feat but with perennial rival Hong Kong snapping at its heels, an interesting question is whether the Republic’s status as the largest FX Asian centre is under threat. (more…)

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Forex Trading Has Gone Social http://www.opalesque.com/Commodities_Briefing/?p=143598 http://www.opalesque.com/Commodities_Briefing/?p=143598#comments Mon, 26 Sep 2016 23:07:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143598 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143598>Article Link</a> Forex social trading is a rapidly growing trend across the globe. Social investment networks allow investors to copy profitable trading strategies from other investors in their network or share their market knowledge with other traders, sometimes for a profit. (more…)

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UK Official Has High Hopes for China’s Carbon Market http://www.opalesque.com/Commodities_Briefing/?p=143597 http://www.opalesque.com/Commodities_Briefing/?p=143597#comments Mon, 26 Sep 2016 23:06:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143597 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143597>Article Link</a> As China prepares to launch the world’s biggest carbon trading market next year, the British foreign secretary’s special representative on climate change has said he has high hopes that the scheme will help accelerate China’s transition from coal plants to wind farms, solar and nuclear power, and other sustainable energies. (more…)

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India to ratify Paris Agreement on October 2 http://www.opalesque.com/Commodities_Briefing/?p=143596 http://www.opalesque.com/Commodities_Briefing/?p=143596#comments Mon, 26 Sep 2016 23:06:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143596 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143596>Article Link</a> Prime Minister Narendra Modi announces his government will ratify the climate agreement on Gandhi’s birthday. India will ratify the Paris Agreement on October 2, the birthday of Mahatma Gandhi, Prime Minister Narendra Modi announced. (more…)

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Is Investor Appetite for Commodities Picking Up? (Video) http://www.opalesque.com/Commodities_Briefing/?p=143595 http://www.opalesque.com/Commodities_Briefing/?p=143595#comments Mon, 26 Sep 2016 05:35:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143595 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143595>Article Link</a> Tim Evans, Long Leaf Trading Group’s founder and chief market strategist, discusses the outlook for gold and oil prices with Bloomberg’s David Gura and Vonnie Quinn on “Bloomberg Markets.”. (more…)

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Commodity market is not for investors http://www.opalesque.com/Commodities_Briefing/?p=143594 http://www.opalesque.com/Commodities_Briefing/?p=143594#comments Mon, 26 Sep 2016 05:35:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143594 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143594>Article Link</a> It is a place where users can hedge to mitigate the risk in the physical market. Commodity exchanges are witnessing a lot of action since SEBI took charge. With the trading and other processes getting streamlined, these could be an alternate asset class that investors could consider in the future. (more…)

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Oil market’s expectations low for Opec production deal http://www.opalesque.com/Commodities_Briefing/?p=143593 http://www.opalesque.com/Commodities_Briefing/?p=143593#comments Mon, 26 Sep 2016 05:34:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143593 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143593>Article Link</a> Saudi Arabia has set out its terms to join the first co-ordinated Opec production cut since the financial crisis. The only problem for an oversupplied oil market is few think it will be achieved. As the world’s largest oil producers descend on Algeria this week for crunch talks on ending a two-year old supply glut, Opec’s biggest members remain far apart. (more…)

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Opec plans fresh oil price talks says energy minister http://www.opalesque.com/Commodities_Briefing/?p=143592 http://www.opalesque.com/Commodities_Briefing/?p=143592#comments Mon, 26 Sep 2016 05:34:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143592 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143592>Article Link</a> Oil producers in the Opec group of countries will make another attempt this week to reverse a slump in crude prices, according to Algeria’s energy minister. Noureddine Bouterfa said there would be an informal gathering of Opec members on the sidelines of a energy conference in Algiers on Wednesday. (more…)

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Saudis Willing to Act on ‘Critical’ Oil Market, Algeria Says http://www.opalesque.com/Commodities_Briefing/?p=143591 http://www.opalesque.com/Commodities_Briefing/?p=143591#comments Mon, 26 Sep 2016 05:34:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143591 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143591>Article Link</a> Saudi Arabia, the world’s biggest oil exporter, has offered to cut its output to January levels, Algeria’s energy minister said as he prepared to host a meeting of OPEC producers later this week. (more…)

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World Oil Market May Re-Balance in Late 2017 - Russian Energy Minister http://www.opalesque.com/Commodities_Briefing/?p=143590 http://www.opalesque.com/Commodities_Briefing/?p=143590#comments Mon, 26 Sep 2016 05:34:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143590 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143590>Article Link</a> The comment comes ahead of an expected informal Organization of the Petroleum Exporting Countries (OPEC) meeting with non-OPEC oil producing countries on the sidelines of the International Energy Forum (IEF) on September 26-28 in Algeria. (more…)

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Citi Warns on Gold as Bank Boosts Odds of Trump Win to 40% http://www.opalesque.com/Commodities_Briefing/?p=143589 http://www.opalesque.com/Commodities_Briefing/?p=143589#comments Mon, 26 Sep 2016 05:33:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143589 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143589>Article Link</a> Gold may be in for a bumpy ride in the final quarter as Republican candidate Donald Trump now has a 40 percent chance of winning the presidential election and investors will be preparing for the possibility of higher U.S. interest rates, according to Citigroup Inc. (more…)

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Significant Upside In Gold ‘Less Likely’ – Nouriel Roubini http://www.opalesque.com/Commodities_Briefing/?p=143588 http://www.opalesque.com/Commodities_Briefing/?p=143588#comments Mon, 26 Sep 2016 05:33:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143588 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143588>Article Link</a> Although gold prices didn’t actually hit $1,000 as one famed economist predicted, he continues to remain bearish on the yellow metal. This was Nouriel Roubini’s main message in his keynote address at CME Group’s annual dinner in New York. (more…)

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Russia Bought 24 Tons of Gold in August http://www.opalesque.com/Commodities_Briefing/?p=143587 http://www.opalesque.com/Commodities_Briefing/?p=143587#comments Mon, 26 Sep 2016 05:33:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143587 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143587>Article Link</a> In the face of everything that is going on during this insane election cycle, it is easy to forget that there are forces operating behind the scenes, regardless of what the news cycle is reporting on. (more…)

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Nickel falls as Citi sees Philippines audit ‘underwhelming’ http://www.opalesque.com/Commodities_Briefing/?p=143586 http://www.opalesque.com/Commodities_Briefing/?p=143586#comments Mon, 26 Sep 2016 05:32:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143586 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143586>Article Link</a> Nickel led metals lower, retreating from its biggest weekly gain in almost three months, after Citigroup Inc said it expects fourth-quarter price declines and an “underwhelming” impact from the Philippines’ mines audit due to be released this week. (more…)

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5 Contenders for the Top Income ETF http://www.opalesque.com/Commodities_Briefing/?p=143585 http://www.opalesque.com/Commodities_Briefing/?p=143585#comments Mon, 26 Sep 2016 05:32:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143585 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143585>Article Link</a> The best dividend ETF should pay a high yield from a diversified portfolio of dividend stocks while offering the potential for investors to earn additional returns from capital appreciation. To that end, here’s a list of what I believe to be the five best dividend ETFs out of more than 100 dividend ETFs on the market today: (more…)

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A Weaker Currency Is No Longer the Economic Elixir It Once Was http://www.opalesque.com/Commodities_Briefing/?p=143584 http://www.opalesque.com/Commodities_Briefing/?p=143584#comments Mon, 26 Sep 2016 05:32:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143584 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143584>Article Link</a> A weaker currency, once the cure-all for ailing economies around the world, isn’t the panacea it once was. Just look at Japan, where the yen plunged 28 percent in the two years through 2014, yet net exports to America still fell by 10 percent in the span. Or at the U.K., where the pound’s 19 percent tumble in the two years through 2009 couldn’t stave off a 26 percent decline in shipments to the U.S. (more…)

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Currency volatility poised to surge as US election, Fed loom http://www.opalesque.com/Commodities_Briefing/?p=143583 http://www.opalesque.com/Commodities_Briefing/?p=143583#comments Mon, 26 Sep 2016 05:32:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143583 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143583>Article Link</a> Volatility in the $5.1-trillion-a-day (Dh18.7 trillion) foreign-exchange market is down, but not out, according to UBS AG. Currency swings will increase later this year as investors weigh the potential outcome of the US presidential election and the likelihood of a Federal Reserve year-end interest-rate increase. (more…)

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An honest carbon tax http://www.opalesque.com/Commodities_Briefing/?p=143582 http://www.opalesque.com/Commodities_Briefing/?p=143582#comments Mon, 26 Sep 2016 05:31:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143582 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143582>Article Link</a> Today, let’s examine the only transparent and effective method of reducing greenhouse gas emissions linked to climate change. One that Prime Minister Justin Trudeau and Canada’s premiers are ignoring. It’s called carbon fee and dividend. (more…)

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The world is watching as California steps up — again — on climate change http://www.opalesque.com/Commodities_Briefing/?p=143581 http://www.opalesque.com/Commodities_Briefing/?p=143581#comments Mon, 26 Sep 2016 05:31:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143581 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143581>Article Link</a> Almost no one is talking about it, but California Gov. Jerry Brown (D) signed a hugely consequential bill this month. The law, SB 32, drastically ramps up the state’s landmark climate change law in the world’s sixth-largest economy. The world is watching closely: If California’s policy appears to be working, it will be copied in states and countries across the globe. Which makes it all the more important for state leaders to get it right. (more…)

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Buy, Hold & Lose: How a Commodities Roll Undercuts Investors http://www.opalesque.com/Commodities_Briefing/?p=143580 http://www.opalesque.com/Commodities_Briefing/?p=143580#comments Thu, 22 Sep 2016 22:53:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143580 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143580>Article Link</a> Investors in commodity index funds are coming up short in 2016, even after rallies in more than a dozen raw materials, including sugar, gold and soybeans. While spot prices tracked by the Bloomberg Commodity Index are up 16 percent this year, the total return for funds linked to the gauge was about half that amount, data compiled by Bloomberg show. (more…)

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Considering Commodities Amid A.P. Moeller-Maersk’s Split (Video) http://www.opalesque.com/Commodities_Briefing/?p=143579 http://www.opalesque.com/Commodities_Briefing/?p=143579#comments Thu, 22 Sep 2016 22:53:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143579 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143579>Article Link</a> Jonathan Bell, chief investment officer at Stanhope Capital, discusses A.P. Moeller-Maersk splitting and outlook for the commodities market as a whole. He speaks with Guy Johnson, Nejra Cehic and Caroline Hyde on Bloomberg Television’s “On The Move.”. (more…)

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Chinese commodity demand still has ‘legs to run’ http://www.opalesque.com/Commodities_Briefing/?p=143578 http://www.opalesque.com/Commodities_Briefing/?p=143578#comments Thu, 22 Sep 2016 22:52:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143578 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143578>Article Link</a> To the surprise of many, 2016 has turned out to be a good year for commodity prices, recovering strongly from the lows seen earlier in the year. It’s been such a dramatic turnaround, coming after years of sliding prices, that analysts at Macquarie Wealth Management dubbed the recovery as a “mini-renaissance” for the sector in a research note released earlier this week. (more…)

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Oil price to average above $50 a barrel in 2017, ratings agency says http://www.opalesque.com/Commodities_Briefing/?p=143577 http://www.opalesque.com/Commodities_Briefing/?p=143577#comments Thu, 22 Sep 2016 22:52:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143577 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143577>Article Link</a> Oil prices are likely to average more than $50 (US) a barrel next year after reaching a low point last winter, according to a report released Wednesday by DBRS. The cost per barrel of West Texas Intermediate (WTI) has risen to roughly $43 (US) from $26 (US) since January and is likely to stay in that range for the next few months as global supply continues to exceed demand, the credit rating agency says. (more…)

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Here’s what to expect from OPEC oil-output-freeze talks http://www.opalesque.com/Commodities_Briefing/?p=143576 http://www.opalesque.com/Commodities_Briefing/?p=143576#comments Thu, 22 Sep 2016 22:52:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143576 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143576>Article Link</a> One day major oil producers support a production cap, and the next day they don’t. Members of the Organization of the Petroleum Exporting Countries and Russia will meet on the sidelines of the International Energy Forum in Algeria on Sept. 28 and it could end just like the summit in Doha did last spring—without an agreement to limit production—as producers haggle over who makes the first move. (more…)

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What Happens to Energy Investments if Oil Prices Don’t Recover? http://www.opalesque.com/Commodities_Briefing/?p=143575 http://www.opalesque.com/Commodities_Briefing/?p=143575#comments Thu, 22 Sep 2016 22:51:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143575 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143575>Article Link</a> A rebound in crude oil prices lifted energy investments this year, with names of super-major oil producers like Exxon Mobil Corp. and Chevron Corp. (CVX) sporting double-digit gains so far in 2016 after sharp losses in 2015. (more…)

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Oil Price Likely to Rally in 2018 http://www.opalesque.com/Commodities_Briefing/?p=143574 http://www.opalesque.com/Commodities_Briefing/?p=143574#comments Thu, 22 Sep 2016 22:51:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143574 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143574>Article Link</a> Morningstar analysts have raised their price forecast for oil to $65 a barrel as fundamentals post 2017 are looking particularly bullish for prices. Strong demand growth and supply issues have pulled forward the oil price recovery by about a year relative to our previous outlook. Fundamentals after 2017 are looking particularly bullish for prices, and an oil price rally in 2018 is looking more and more likely. We’ve raised our 2018 forecast to $65 per barrel. (more…)

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Iraq OPEC governor says market circumstances right for global oil deal http://www.opalesque.com/Commodities_Briefing/?p=143573 http://www.opalesque.com/Commodities_Briefing/?p=143573#comments Thu, 22 Sep 2016 22:51:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143573 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143573>Article Link</a> Iraq’s OPEC governor Falah Alamri said on Thursday that oil market circumstances are now more favorable for OPEC and other oil producers to reach a deal to support the market when they meet next week in Algeria. (more…)

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Is OPEC All Talk? http://www.opalesque.com/Commodities_Briefing/?p=143572 http://www.opalesque.com/Commodities_Briefing/?p=143572#comments Thu, 22 Sep 2016 22:50:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143572 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143572>Article Link</a> Global oil market still moves on cartel’s communication, but fewer oil traders and analysts take it seriously. A now-familiar pattern ensued Monday after Venezuelan President Nicolás Maduro said the world’s big oil producers were close to clinching an output deal—oil prices rose more than 1% early that day, and then quickly fell, posting losses by Tuesday. (more…)

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Russian Energy Minister Says Hopes for Constructive OPEC Dialogue in Algeria http://www.opalesque.com/Commodities_Briefing/?p=143571 http://www.opalesque.com/Commodities_Briefing/?p=143571#comments Thu, 22 Sep 2016 22:50:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143571 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143571>Article Link</a> The Russian Energy Ministry is hoping for a constructive dialogue within the framework of the member states of the Organization of the Petroleum Exporting Countries (OPEC) in Algeria, Russia is ready to coordinate its actions with other oil producers in order to coordinate their actions on the market, Energy Minister Alexander Novak said Thursday. (more…)

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Africa gold reserves now worth $1.5 trillion http://www.opalesque.com/Commodities_Briefing/?p=143570 http://www.opalesque.com/Commodities_Briefing/?p=143570#comments Thu, 22 Sep 2016 22:50:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143570 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143570>Article Link</a> A new report by SNL Metals and Mining shows Africa at the top of tables when it comes to the value of gold still in the ground. Using the combined value of reserves and resources reported by explorers and mining companies active on the continent, the research company, calculated a figure of $1.48 trillion for primary gold projects. (more…)

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Russia Targets China for Gold Sales as VTB, Sberbank Expand http://www.opalesque.com/Commodities_Briefing/?p=143569 http://www.opalesque.com/Commodities_Briefing/?p=143569#comments Thu, 22 Sep 2016 22:49:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143569 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143569>Article Link</a> Russia’s gold sales in China are set to expand as VTB Capital boosts sales and Sberbank PJSC prepares to enter the market, chasing demand in the world’s biggest consumer of bullion. (more…)

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Jim Grant: Gold is the play off a confusing Fed http://www.opalesque.com/Commodities_Briefing/?p=143568 http://www.opalesque.com/Commodities_Briefing/?p=143568#comments Thu, 22 Sep 2016 22:49:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143568 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143568>Article Link</a> Contrarian investor and widely followed author Jim Grant joined CNBC’s Kelly Evans to discuss the potential trajectory of gold and other assets after the Fed’s decision to leave interest rates unchanged. (more…)

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Analyst: Gold Could Fall Below $1,000 in 2017 http://www.opalesque.com/Commodities_Briefing/?p=143567 http://www.opalesque.com/Commodities_Briefing/?p=143567#comments Thu, 22 Sep 2016 22:48:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143567 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143567>Article Link</a> Most investors vividly remember the frenzy about gold during the Brexit. Everyone and his uncle was talking about gold, and mainstream media were excessively optimistic. We warned our readers at that time, as sentiment was extreme right at a time when the secular bear market trend was being tested. (more…)

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Big gold miners see muted M&A as bullion’s rise limits bargains http://www.opalesque.com/Commodities_Briefing/?p=143566 http://www.opalesque.com/Commodities_Briefing/?p=143566#comments Thu, 22 Sep 2016 22:48:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143566 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143566>Article Link</a> The world’s biggest gold miners will stay shy of big acquisitions, top executives said this week, noting that a jump in the price of bullion has made potential purchases pricey, and memories of failed deals linger. (more…)

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Learn More About The First And Only Dorsey Wright Commodity ETF http://www.opalesque.com/Commodities_Briefing/?p=143565 http://www.opalesque.com/Commodities_Briefing/?p=143565#comments Thu, 22 Sep 2016 22:48:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143565 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143565>Article Link</a> Elkhorn Investments, founded by Ben Fulton, former Managing Director of Global ETFs at Invesco PowerShares, is launching the first ever Dorsey Wright commodity ETF with no K-1. The Elkhorn Commodity Rotation Strategy ETF (DWAC) is an actively-managed, tactical, momentum-based commodity strategy with an intelligent futures roll strategy. (more…)

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Commodity funds in fee ‘bonanza’ as assets soar 46% http://www.opalesque.com/Commodities_Briefing/?p=143564 http://www.opalesque.com/Commodities_Briefing/?p=143564#comments Thu, 22 Sep 2016 22:47:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143564 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143564>Article Link</a> Commodity funds and ETFs have seen assets soar 46 per cent since the end of last year creating a bonanza for providers due to the high fees they charge on the niche products, Cerulli Associates analysis reveals. (more…)

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Renminbi to the rescue? How the rise of China’s currency could boost the British economy http://www.opalesque.com/Commodities_Briefing/?p=143563 http://www.opalesque.com/Commodities_Briefing/?p=143563#comments Thu, 22 Sep 2016 22:47:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143563 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143563>Article Link</a> Chinese investment in Britain could increase in the short-term future after London became the second-largest offshore clearing centre for the renminbi, even though the UK capital’s lead in the currencies-trading business is shrinking. (more…)

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Morgan Stanley Says Plan for Weaker Dollar as Fed Stays on Hold http://www.opalesque.com/Commodities_Briefing/?p=143562 http://www.opalesque.com/Commodities_Briefing/?p=143562#comments Thu, 22 Sep 2016 22:46:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143562 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143562>Article Link</a> Morgan Stanley said the dollar will suffer more losses as the greenback fell for a second day after the Federal Reserve refrained from tightening policy and lowered its long-term path for interest rates. (more…)

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China to launch pilot energy trading programme http://www.opalesque.com/Commodities_Briefing/?p=143561 http://www.opalesque.com/Commodities_Briefing/?p=143561#comments Thu, 22 Sep 2016 22:46:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143561 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143561>Article Link</a> Scheme designed to cap energy consumption by allocating quotas to companies. China is planning to use a pilot programme for energy trading between companies next year as it seeks to curb carbon emissions by forcing companies to use energy more efficiently. (more…)

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31 more countries ratify Paris Agreement on climate change http://www.opalesque.com/Commodities_Briefing/?p=143560 http://www.opalesque.com/Commodities_Briefing/?p=143560#comments Thu, 22 Sep 2016 22:45:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143560 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143560>Article Link</a> The Paris Agreement on climate change moved closer to enter into force this year as 31 more countries on Wednesday joined it at a special event hosted by the United Nations Secretary-General Ban Ki-moon in New York. (more…)

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Commodity bulls dare to exude optimism http://www.opalesque.com/Commodities_Briefing/?p=143559 http://www.opalesque.com/Commodities_Briefing/?p=143559#comments Wed, 21 Sep 2016 23:14:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143559 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143559>Article Link</a> After five lean years some investors sense a turning point for the sector. After five years of consecutive declines, has the commodities market finally bottomed? With a leading index up 7 per cent from the start of the year and a jump in investment flows into the market, some investors are daring to be optimistic although others remain resolutely on the sidelines. (more…)

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Commodity Traders Face Tougher Rules as EU Curbs Speculation http://www.opalesque.com/Commodities_Briefing/?p=143558 http://www.opalesque.com/Commodities_Briefing/?p=143558#comments Wed, 21 Sep 2016 23:13:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143558 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143558>Article Link</a> Traders in commodities from sugar to oil may face tougher regulation in the European Union as policy makers wrangle over new rules intended to curb speculation. European Parliament lawmakers warn that the EU’s latest proposals for preventing market abuse and spikes in food prices aren’t strict enough. (more…)

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