Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Thu, 27 Nov 2014 01:43:34 +0000 http://wordpress.org/?v=2.5.1 en Commodities Guru Sees Bullish Markets Ahead http://www.opalesque.com/Commodities_Briefing/?p=133923 http://www.opalesque.com/Commodities_Briefing/?p=133923#comments Thu, 27 Nov 2014 01:43:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133923 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133923>Article Link</a> Roughly seven years ago, commodity prices were surging to record highs as Western economies grew at a decent pace and Asian economies experienced supercharged growth. Though the 2008 financial crisis led to a pullback, commodity prices began moving higher again in 2009 and 2010 as economists predicted a synchronized global economic rebound. (more…)

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Jim Rogers Weighs In on Commodities http://www.opalesque.com/Commodities_Briefing/?p=133922 http://www.opalesque.com/Commodities_Briefing/?p=133922#comments Thu, 27 Nov 2014 01:42:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133922 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133922>Article Link</a> Roughly seven years ago, when China’s economy was surging and dollars were cheaper, “commodities” was one of the sexiest words in the investment lexicon. Seven years later, many commodities—including oil, copper, and gold—have fallen in value and out of favor for a host of reasons. (more…)

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World on brink of oil price war as Opec set to keep pumping http://www.opalesque.com/Commodities_Briefing/?p=133921 http://www.opalesque.com/Commodities_Briefing/?p=133921#comments Thu, 27 Nov 2014 01:41:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133921 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133921>Article Link</a> Oil slumped on Wednesday as expectations that Opec will cut production faded following dovish remarks by cartel kingpin Saudi Arabia, which could signal the beginning of a price war. Speaking on the sidelines ahead of Thursday’s critical meeting of the Organisation of Petroleum Exporting Countries (Opec) in Vienna, Saudi oil minister Ali Al-Naimi said: “The market will stabilise itself eventually”. (more…)

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Saudi oil minister expects oil price to ’stabilise’ as OPEC gathers http://www.opalesque.com/Commodities_Briefing/?p=133920 http://www.opalesque.com/Commodities_Briefing/?p=133920#comments Thu, 27 Nov 2014 01:41:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133920 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133920>Article Link</a> Oil prices are likely to again come under pressure Wednesday after Saudi Arabia’s oil minister showed little sign of concern ahead of a crucial meeting of the Organisation of Petroleum Exporting Countries (Opec). Speaking to reporters on the sidelines of the gathering of some of the world’s biggest oil producing countries in Vienna, Ali Al-Naimi said: “The market will stabilise itself eventually”. (more…)

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Russia sees average oil price at $80-90 in medium, long-term http://www.opalesque.com/Commodities_Briefing/?p=133919 http://www.opalesque.com/Commodities_Briefing/?p=133919#comments Thu, 27 Nov 2014 01:40:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133919 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133919>Article Link</a> Russia sees an average oil price of around $80-90 per barrel in the medium- and possibly in the long-term, Finance Minister Anton Siluanov said on Wednesday, underlining growing pressure on the Russian budget. (more…)

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Saudis to push OPEC to cut output: CNBC survey http://www.opalesque.com/Commodities_Briefing/?p=133918 http://www.opalesque.com/Commodities_Briefing/?p=133918#comments Thu, 27 Nov 2014 01:40:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133918 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133918>Article Link</a> Saudi Arabia will this week push the Organization of Petroleum Exporting Countries (OPEC) to cut production by up to 1.5 million barrels a day to help re-balance the market and lift oil prices from their four-year lows, analysts and strategists told CNBC. (more…)

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Winter of discontent for oil producers? http://www.opalesque.com/Commodities_Briefing/?p=133917 http://www.opalesque.com/Commodities_Briefing/?p=133917#comments Thu, 27 Nov 2014 01:40:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133917 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133917>Article Link</a> Global oil producers could face a bleak winter unless OPEC heavyweights reverse course as they head into a critical meeting and reach an agreement on production cuts to boost sagging prices. (more…)

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Gold price eyed as investors await Swiss vote http://www.opalesque.com/Commodities_Briefing/?p=133916 http://www.opalesque.com/Commodities_Briefing/?p=133916#comments Thu, 27 Nov 2014 01:39:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133916 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133916>Article Link</a> Gold prices slipped on Wednesday from this week’s highs, as the market awaited a Swiss referendum on central bank gold reserves. On November 30, voters in Switzerland will head to the polls to decide whether the Swiss National Bank (SNB) should refrain from selling any more gold and should boost its gold holdings to 20 percent, up from current levels of 7 percent. (more…)

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Gold rangebound below $1,200/oz as Asia buying evaporates http://www.opalesque.com/Commodities_Briefing/?p=133915 http://www.opalesque.com/Commodities_Briefing/?p=133915#comments Thu, 27 Nov 2014 01:35:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133915 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133915>Article Link</a> Gold eased slightly on Wednesday then steadied at just under $1,200 an ounce for another rangebound session as Asian overnight buying evaporated amid low volumes ahead of the US Thanksgiving holiday and a key Swiss vote on bullion holdings. (more…)

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Silver price outperforming gold – PGM’s rise http://www.opalesque.com/Commodities_Briefing/?p=133914 http://www.opalesque.com/Commodities_Briefing/?p=133914#comments Thu, 27 Nov 2014 01:35:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133914 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133914>Article Link</a> Lack of agreement by key OPEC members yesterday to pledge cutbacks ahead of Thursday OPEC meeting sent oil prices lower and that led to an intraday sell-off in bullion, but prices recovered by the close, ending up 0.7 percent on average, with platinum up the most with a 1.2 percent gain in price to $1,220 and gold finished up 0.4 percent at $1,201.40. (more…)

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The 2015 Metals Outlook Series: Gold http://www.opalesque.com/Commodities_Briefing/?p=133913 http://www.opalesque.com/Commodities_Briefing/?p=133913#comments Thu, 27 Nov 2014 01:35:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133913 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133913>Article Link</a> Gold has peaked, but the current price schizophrenia of spikes and troughs that have been experienced over the last six months will soon be at an end. However there is still likely to be pain for a number of unproductive gold miners as the commodity price goes through a rationalisation phase operations with high costs per ounce are likely to fall as the market becomes tighter. (more…)

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Copper Falls to Eight-Month Low on U.S. Equipment Orders http://www.opalesque.com/Commodities_Briefing/?p=133912 http://www.opalesque.com/Commodities_Briefing/?p=133912#comments Thu, 27 Nov 2014 01:34:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133912 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133912>Article Link</a> Copper futures fell to an eight-month low as orders for business equipment unexpectedly dropped in the U.S., the world’s second-biggest consumer of the metal. Orders for non-military capital goods excluding aircraft declined 1.3 percent in October, a government report showed today. Economists in a Bloomberg survey expected a 1 percent gain. A slump in energy futures damped the outlook for some commodities. (more…)

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HSBC, Goldman rigged platinum prices http://www.opalesque.com/Commodities_Briefing/?p=133911 http://www.opalesque.com/Commodities_Briefing/?p=133911#comments Thu, 27 Nov 2014 01:34:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133911 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133911>Article Link</a> Goldman Sachs and HSBC were sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs’ lawyers say is the first class-action lawsuit of its kind in the US. (more…)

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State Street to Debut ‘Low Carbon’ ETF on Friday http://www.opalesque.com/Commodities_Briefing/?p=133910 http://www.opalesque.com/Commodities_Briefing/?p=133910#comments Thu, 27 Nov 2014 01:33:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133910 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133910>Article Link</a> State Street Global Advisors is set to launch the market’s first-ever low-carbon exchange-traded fund on Friday, according to a trader alert from exchange operator Bats Global Markets. The ETF, called the SPDR MSCI ACWI Low Carbon Target ETF, will arrange a basket of global stocks by their low carbon footprints, according to the ETF’s most recent filing with regulators. It follows a passive index to do so. (more…)

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Who Will Benefit From Digital Currency? http://www.opalesque.com/Commodities_Briefing/?p=133909 http://www.opalesque.com/Commodities_Briefing/?p=133909#comments Thu, 27 Nov 2014 01:33:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133909 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133909>Article Link</a> One of the questions that’s still an open question is whether, if all your friends had Bitcoin, if you would find it useful to use Bitcoin too. Right now, people don’t use Bitcoin to split checks, because for every person who has Bitcoin, most of their friends don’t. But if you had a whole community of people who all had Bitcoin, would they find this to be more convenient than using cash or other options? (more…)

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How foreign currencies affect your investment returns http://www.opalesque.com/Commodities_Briefing/?p=133908 http://www.opalesque.com/Commodities_Briefing/?p=133908#comments Thu, 27 Nov 2014 01:33:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133908 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133908>Article Link</a> There is money to be made from backing the right foreign currencies via the right funds. Here we predict the future winners. The movement of currencies on the foreign exchanges may sound like a matter for professional traders in the City of London, not ordinary investors. But, in fact, anyone with an Isa should appreciate the risks – and opportunities – that can be offered by currency fluctuations.
Over the next couple of years, small fortunes are there to be made not just by picking the right funds or shares but by backing the winning currencies, according to experts…………………………………..Full Article: Source

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Time To Rethink Currency Hedged ETF Use http://www.opalesque.com/Commodities_Briefing/?p=133907 http://www.opalesque.com/Commodities_Briefing/?p=133907#comments Thu, 27 Nov 2014 01:32:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133907 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133907>Article Link</a> Yesterday’s surprisingly strong GDP numbers—third-quarter annualized growth was revised up to 3.9 percent—has many investors scratching their heads. To say we’re in a world of conflicting economic news would be an understatement. (more…)

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Huaneng sets up China’s first carbon fund http://www.opalesque.com/Commodities_Briefing/?p=133906 http://www.opalesque.com/Commodities_Briefing/?p=133906#comments Thu, 27 Nov 2014 01:30:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133906 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133906>Article Link</a> State-owned power generator Huaneng on Wednesday set up China’s first carbon fund, which will focus on trading carbon permits in the emissions trading scheme in Hubei province. (more…)

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New Carbon Market Most Important in Climate Deal, U.K. Says http://www.opalesque.com/Commodities_Briefing/?p=133905 http://www.opalesque.com/Commodities_Briefing/?p=133905#comments Thu, 27 Nov 2014 01:29:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133905 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133905>Article Link</a> A new carbon market that will spur emerging nations to cut emissions is the key element of next year’s planned global climate accord, a U.K. official said. (more…)

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Commodities accumulators panic – from Vienna to Zurich http://www.opalesque.com/Commodities_Briefing/?p=133904 http://www.opalesque.com/Commodities_Briefing/?p=133904#comments Wed, 26 Nov 2014 00:04:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133904 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133904>Article Link</a> The fact that the accumulators of the world’s key commodities are gathering this week in Austria (OPEC on oil) and Switzerland (Swiss vote on gold reserves) to rein in a sharp decline in their valued resources is a manifestation of rising deflation risks emerging from a strengthening US dollar and a slowing Chinese economy. (more…)

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Venezuela Seeks Oil Price Up Back at $100 a Barrel http://www.opalesque.com/Commodities_Briefing/?p=133903 http://www.opalesque.com/Commodities_Briefing/?p=133903#comments Wed, 26 Nov 2014 00:04:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133903 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133903>Article Link</a> Venezuela wants oil prices to return to $100 a barrel, the country’s foreign minister said on Tuesday, ahead of an OPEC meeting. Speaking to reporters, Rafael Ramirez, who will represent Venezuela at the Organization of the Petroleum Exporting Countries gathering on Thursday, said “the [oil] price has to be $100 per barrel, [that] is a fair price.” (more…)

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Iran parliament suggests $75-80/bbl oil price for budget http://www.opalesque.com/Commodities_Briefing/?p=133902 http://www.opalesque.com/Commodities_Briefing/?p=133902#comments Wed, 26 Nov 2014 00:03:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133902 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133902>Article Link</a> Iran’s parliament recommends basing next year’s budget on an oil price of $75-80 a barrel, a senior lawmaker was reported as saying on Monday, down from $100 in the 2014 budget plan. “It seems the trend of decline in oil prices will continue and a return to previous oil prices is not expected,” the official IRNA news agency reported Gholamreza Tajgardoon, head of parliament’s planning and budget commission, as saying. (more…)

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US energy is growing, and so is US ‘power’ http://www.opalesque.com/Commodities_Briefing/?p=133901 http://www.opalesque.com/Commodities_Briefing/?p=133901#comments Wed, 26 Nov 2014 00:03:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133901 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133901>Article Link</a> America’s unexpected transformation into the world’s biggest natural gas producer and one of the globe’s largest oil producers will give the U.S. more geopolitical clout on the world stage—including in key relationships with China, Russia and the Middle East. (more…)

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Gold prices may surge if Swiss vote on reserves passes http://www.opalesque.com/Commodities_Briefing/?p=133900 http://www.opalesque.com/Commodities_Briefing/?p=133900#comments Wed, 26 Nov 2014 00:03:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133900 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133900>Article Link</a> Global gold prices may surge in the coming week if Swiss voters approve a controversial measure that would force their country’s central bank to keep at least a fifth of its assets in gold. If the referendum Sunday passes and the Swiss government is forced to start beefing up its reserves, the price of gold could jump to more than $1,350 an ounce — an increase of 18%, Bank of America predicts. (more…)

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6 reasons to be bullish on gold http://www.opalesque.com/Commodities_Briefing/?p=133899 http://www.opalesque.com/Commodities_Briefing/?p=133899#comments Wed, 26 Nov 2014 00:03:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133899 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133899>Article Link</a> Despite gold prices rising as high as US$1,380 in mid-March, the precious metal hasn’t exactly been a good place to be in 2014. After starting the year around US$1,200, spot prices are essentially flat. However, here are some reasons to be optimistic about gold’s prospects in 2015, according to analysts at RBC Capital Markets. (more…)

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Will Swiss Politics Cause Gold Price to Rally? http://www.opalesque.com/Commodities_Briefing/?p=133898 http://www.opalesque.com/Commodities_Briefing/?p=133898#comments Wed, 26 Nov 2014 00:02:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133898 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133898>Article Link</a> Referendums are a way for democracies to put an issue directly to the electorate to decide. The issue might be a constitutional amendment; a vote on independence; the legalisation of marijuana; or the legality of bear baiting. In the rarified world of central banking, a Swiss referendum on November 30 mandating the country’s central bank to hold a large portion of its assets in gold captured my attention. (more…)

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Why Gold Stocks Remain a Good Bet? http://www.opalesque.com/Commodities_Briefing/?p=133897 http://www.opalesque.com/Commodities_Briefing/?p=133897#comments Wed, 26 Nov 2014 00:02:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133897 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133897>Article Link</a> When gold and silver producer McEwen Mining released its Q3 results, Founder and Chief Owner Rob McEwen was candid, describing performance at the company’s El Gallo 1 mine as “nothing short of awful” and quipping, “[w]hat an incredibly ugly market and share price.” That openness continued following the release, with the company acknowledging after its conference call on the results that given today’s tough market, shareholders were due a broader conversation. (more…)

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Gold holds around $1,200/oz http://www.opalesque.com/Commodities_Briefing/?p=133896 http://www.opalesque.com/Commodities_Briefing/?p=133896#comments Wed, 26 Nov 2014 00:02:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133896 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133896>Article Link</a> Gold rose to around $1,200 an ounce on Tuesday as the dollar was steady ahead of US economic data, and the market looked to forthcoming Swiss referendum on central bank gold reserves for more trading cues. A right-wing Swiss party called the November 30 vote, aiming to prevent the Swiss National Bank from offloading its gold holdings and obliging it to hold at least 20% of its assets in gold, compared with 8% last month. (more…)

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Has the Silver Correction Hit Bottom? http://www.opalesque.com/Commodities_Briefing/?p=133895 http://www.opalesque.com/Commodities_Briefing/?p=133895#comments Wed, 26 Nov 2014 00:01:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133895 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133895>Article Link</a> It has been a tough year for investors in silver with the lustrous white metal plunging 17% over that period. This was on the back of recent weakness across all precious metals as the U.S. dollar continued to strengthen on positive economic data coming out of the U.S. (more…)

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HSBC, Goldman Rigged Metals’ Prices for Years, Suit Says http://www.opalesque.com/Commodities_Briefing/?p=133894 http://www.opalesque.com/Commodities_Briefing/?p=133894#comments Wed, 26 Nov 2014 00:01:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133894 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133894>Article Link</a> Goldman Sachs Group Inc. (GS) and HSBC Holdings Plc (HSBA) were sued in New York over claims they conspired for eight years with two other companies to manipulate platinum and palladium prices in what plaintiffs’ lawyers say is the first class-action lawsuit of its kind in the U.S. (more…)

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Iron ore drops below $US70 http://www.opalesque.com/Commodities_Briefing/?p=133893 http://www.opalesque.com/Commodities_Briefing/?p=133893#comments Wed, 26 Nov 2014 00:01:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133893 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133893>Article Link</a> Iron ore has fallen under $US70 per tonne for the first time in more than five years as a global supply glut and fears of slowing demand in China’s property sector weigh on sentiment. (more…)

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What ails the aluminium market? http://www.opalesque.com/Commodities_Briefing/?p=133892 http://www.opalesque.com/Commodities_Briefing/?p=133892#comments Wed, 26 Nov 2014 00:00:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133892 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133892>Article Link</a> The disruption to the aluminium market is being debated in front of a US Senate committee. But will it get to the truth of what has been going on in the aluminium market and why? (more…)

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Commodities: Nickel on a steady rise http://www.opalesque.com/Commodities_Briefing/?p=133891 http://www.opalesque.com/Commodities_Briefing/?p=133891#comments Wed, 26 Nov 2014 00:00:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133891 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133891>Article Link</a> The stock market continued higher on Monday as the rally in U.S. stocks broadened out to include not only large cap stocks, but small and mid-cap shares as well. The Standard and Poor’s 500 large cap index ended the day higher by 0.29 percent, but small cap stocks had an entirely different agenda, as seen in the Russell 2000 small cap index which rose 1.19 percent on the day. (more…)

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Cold Weather Saves Natural Gas ETFs from Commodity Slide http://www.opalesque.com/Commodities_Briefing/?p=133890 http://www.opalesque.com/Commodities_Briefing/?p=133890#comments Wed, 26 Nov 2014 00:00:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133890 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133890>Article Link</a> Many energy commodities have had a terrible run over the past few weeks, as crude oil prices have hit 52 week lows. Take for example the top crude oil ETF, USO . This ETF has lost over 8% in the past month, and it is having serious trouble posting any real positive momentum. (more…)

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Nigeria devalues naira and raises rates after oil price slide http://www.opalesque.com/Commodities_Briefing/?p=133889 http://www.opalesque.com/Commodities_Briefing/?p=133889#comments Wed, 26 Nov 2014 00:00:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133889 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133889>Article Link</a> Nigeria has devalued the naira, saying a drop in oil prices had made it hard to defend its currency. The country’s bank central bank also raised interest rates from 12% to 13% in a bid to stem foreign reserve loses. Nigeria has spent billions of dollars defending the naira using “dwindling foreign reserves”, the bank’s governor said. (more…)

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Could Digital Currency Make Our Money More Secure? http://www.opalesque.com/Commodities_Briefing/?p=133888 http://www.opalesque.com/Commodities_Briefing/?p=133888#comments Tue, 25 Nov 2014 23:59:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133888 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133888>Article Link</a> Some parts of the architecture of digital currency are vastly superior to existing systems. When you pay for something with a credit card, you are giving someone all the information they need to know to buy something online. What an idiotic way to architect a system — that if I pay someone, I tell them everything they need to spend my money. (more…)

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China Plans National Carbon Market by 2016 Amid Emission Pledge http://www.opalesque.com/Commodities_Briefing/?p=133887 http://www.opalesque.com/Commodities_Briefing/?p=133887#comments Tue, 25 Nov 2014 23:59:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133887 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133887>Article Link</a> China, the world’s largest greenhouse gas emitter, plans to start a nationwide carbon market in the next two years following a pledge to cap emissions by 2030. Opening in 2016, the market would have matured by 2020, Su Wei, an official at the climate change department under the National Development and Reform Commission, said today at a press conference in Beijing. (more…)

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Report reveals breadth of banks’ commodities activities http://www.opalesque.com/Commodities_Briefing/?p=133886 http://www.opalesque.com/Commodities_Briefing/?p=133886#comments Tue, 25 Nov 2014 00:57:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133886 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133886>Article Link</a> The 403-page report published by the US Senate last week on Wall Street’s involvement in physical commodities is a treasure trove of information. It shows just how deeply Goldman Sachs, Morgan Stanley and JPMorgan pushed into raw materials over the past decade. (more…)

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Fed on Commodities, Credit Suisse Plea: Compliance http://www.opalesque.com/Commodities_Briefing/?p=133885 http://www.opalesque.com/Commodities_Briefing/?p=133885#comments Tue, 25 Nov 2014 00:56:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133885 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133885>Article Link</a> The Federal Reserve may curtail Wall Street commodity businesses after lawmakers said banks’ role in energy, power and metals markets spurred unfair trading advantages and could threaten financial stability. (more…)

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Commodities: A slippery year http://www.opalesque.com/Commodities_Briefing/?p=133884 http://www.opalesque.com/Commodities_Briefing/?p=133884#comments Tue, 25 Nov 2014 00:55:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133884 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133884>Article Link</a> Commodities’ performance in 2014 shows how challenging the market can be for multi-asset investors, but don’t let that put you off. For good reasons, commodities have been an unloved asset class this year, significantly underperforming both equity and fixed income markets. While the longer-term fundamentals remain weak across the broad market, the commodity sector still represents an important component of a multi-asset class portfolio, offering investors an alternative return path and the benefits of diversification. (more…)

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Want to know why the oil price keeps falling? Here’s the reason http://www.opalesque.com/Commodities_Briefing/?p=133883 http://www.opalesque.com/Commodities_Briefing/?p=133883#comments Tue, 25 Nov 2014 00:55:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133883 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133883>Article Link</a> Crude oil and lease condensate production in the United States exceeded 8.6 million barrels per day (bbl/d) in August, a production volume not observed since July 1986, according to EIA’s latest Petroleum Supply Monthly. (more…)

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$60 oil after OPEC meeting is not possible: BRG’s Grossman http://www.opalesque.com/Commodities_Briefing/?p=133882 http://www.opalesque.com/Commodities_Briefing/?p=133882#comments Tue, 25 Nov 2014 00:54:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133882 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133882>Article Link</a> It’s not possible for oil to fall to $60 a barrel after OPEC meets this week to discuss output policy, Jeff Grossman, president of BRG Brokerage, said. While the chance of a big price cut is small, he said, the cartel will likely announce that it has discussed reducing production in order to stem the tide of lower prices and put a bottom on the market. (more…)

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Why Gold Price is Headed Much Higher http://www.opalesque.com/Commodities_Briefing/?p=133881 http://www.opalesque.com/Commodities_Briefing/?p=133881#comments Tue, 25 Nov 2014 00:54:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133881 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133881>Article Link</a> What really drives the price of gold? Some say it’s a fear gauge. Others prefer to look at the demand coming from the Indian wedding season. But the silliest of all conclusions to reach is that the dollar price of gold should be determined solely by its value vis-à-vis another fiat currency. (more…)

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EU energy costs turn up heat on aluminium sector http://www.opalesque.com/Commodities_Briefing/?p=133880 http://www.opalesque.com/Commodities_Briefing/?p=133880#comments Tue, 25 Nov 2014 00:53:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133880 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133880>Article Link</a> Aluminium workers at the Alunorf plant in the German city of Neuss aptly call one of their production lines “the grill”. Nearby, smelters in what is one of Europe’s leading industrial clusters are fired up to 960C. To keep all this running, the aluminium industry needs to be a voracious power consumer. (more…)

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Is The Gold Turning The Corner? http://www.opalesque.com/Commodities_Briefing/?p=133879 http://www.opalesque.com/Commodities_Briefing/?p=133879#comments Tue, 25 Nov 2014 00:53:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133879 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133879>Article Link</a> Gold miners’ costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year. Senior gold miner gold cash costs surged 226% to $707 an ounce, according to a study. Shanghai Gold Exchange deliveries last week were up 20% to 54.2 tonnes. (more…)

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Gold may see ‘decent recovery’ to $1,400 http://www.opalesque.com/Commodities_Briefing/?p=133878 http://www.opalesque.com/Commodities_Briefing/?p=133878#comments Tue, 25 Nov 2014 00:53:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133878 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133878>Article Link</a> Gold futures wavered around the break-even mark Monday, largely holding on to Friday’s gains that were sparked by central-bank news from China and Europe. Despite gold’s lackluster moves over the past several months, at least one analyst speculated that the yellow precious metal may recover to $1,400 an ounce by 2016. (more…)

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Hedge funds catching up to gold, silver price rally http://www.opalesque.com/Commodities_Briefing/?p=133877 http://www.opalesque.com/Commodities_Briefing/?p=133877#comments Tue, 25 Nov 2014 00:52:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133877 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133877>Article Link</a> On Monday gold futures again flirted with the psychologically important $1,200 an ounce level, consolidating at three-week highs. In late afternoon trade on the Comex division of the New York Mercantile Exchange gold for February delivery – the most active contract – was changing hands for $1,198.80 an ounce after bouncing off resistance at $1,208. (more…)

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BHP forecasts copper deficit by the year 2018 http://www.opalesque.com/Commodities_Briefing/?p=133876 http://www.opalesque.com/Commodities_Briefing/?p=133876#comments Tue, 25 Nov 2014 00:51:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133876 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133876>Article Link</a> The Melbourne based subsidiary of BHP Billiton, in their statement released today articulated that, the industrial production of copper will be highly affected by structural factors such as grade decline of the metal as well as higher strip ratios. The statement further added that, the availability of energy and water might also affect the copper production of certain mines. (more…)

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Copper concentrate market seen splitting into three-tier system: Citibank http://www.opalesque.com/Commodities_Briefing/?p=133875 http://www.opalesque.com/Commodities_Briefing/?p=133875#comments Tue, 25 Nov 2014 00:50:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133875 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133875>Article Link</a> The pricing of copper concentrate treatment and refining charges may be splintering into a three-tier system owning to the variety of ore available to the market, Citibank said in a research piece Monday. Analyst at the bank David Wilson questioned the validity of a benchmark reference price for copper raw material. (more…)

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Global metal trading becomes more difficult to regulate http://www.opalesque.com/Commodities_Briefing/?p=133874 http://www.opalesque.com/Commodities_Briefing/?p=133874#comments Tue, 25 Nov 2014 00:50:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133874 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133874>Article Link</a> Global metals markets are becoming more difficult to regulate as manipulation takes more subtle forms and new trading platforms spring up, according to a new study. The movement of commodities trading to new hubs in Singapore, Dubai and China adds additional complications for national regulators, London-based think-tank Chatham House will say in a report set to come out next month. (more…)

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Why commodities ETFs are right for your portfolio now http://www.opalesque.com/Commodities_Briefing/?p=133873 http://www.opalesque.com/Commodities_Briefing/?p=133873#comments Tue, 25 Nov 2014 00:50:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133873 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133873>Article Link</a> If you believe in buying when prices decline, you might want to think about adding commodities to your portfolio, either for the first time or enlarging your existing position. (more…)

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Two Energy Commodity ETFs to Close http://www.opalesque.com/Commodities_Briefing/?p=133872 http://www.opalesque.com/Commodities_Briefing/?p=133872#comments Tue, 25 Nov 2014 00:49:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133872 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133872>Article Link</a> Teucrium Trading, an exchange traded fund provider known for its commodity related investment options, announced that its crude oil and natural gas ETFs will be closed. According to a press release, the Teucrium Natural Gas Fund and Teucrium Crude Oil Fund ETF will be shuttered after the close of business on December 18, 2014 due to the current market conditions and the Funds’ respective asset size. (more…)

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Global currency wars rage, but Turkey remains steadfast http://www.opalesque.com/Commodities_Briefing/?p=133871 http://www.opalesque.com/Commodities_Briefing/?p=133871#comments Tue, 25 Nov 2014 00:49:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133871 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133871>Article Link</a> Currency wars, with their dangerous consequence, global deflation, are raging across the globe. The term “currency war,” coined by the Brazilian Finance Minister in 2010, refers to competitive devaluation – central banks employing loose money policies that push their national currencies lower in value than others. (more…)

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China faces challenges in achieving emission targets around 2030 http://www.opalesque.com/Commodities_Briefing/?p=133870 http://www.opalesque.com/Commodities_Briefing/?p=133870#comments Tue, 25 Nov 2014 00:48:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133870 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133870>Article Link</a> It may be not so easy for China to peak its greenhouse gas emission around 2030 as the country has said in a joint announcement with the US regarding climate change last week, market sources said. Economic development will be the first challenge, because China may not have similar economic levels as the developed countries had by then, He Jiankun, the former vice principal of Tsinghua University and an expert of the China Climate Change Expert Committee said on 14 November. (more…)

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Commodities now caught up in a ‘super-down’ cycle http://www.opalesque.com/Commodities_Briefing/?p=133869 http://www.opalesque.com/Commodities_Briefing/?p=133869#comments Mon, 24 Nov 2014 01:24:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133869 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133869>Article Link</a> We’re still in a super commodity cycle — except that Credit Suisse says it’s a “super down” cycle. And have we got further to fall? Perhaps, considering that oil ­prices are still 35 per cent above their 40-year inflation-adjusted norm, and minerals are 41 per cent above. Real commodity prices are not that low. Credit Suisse shows that, in real terms and over a trajectory of the past 50 years, present prices are still well above the norm. (more…)

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Fed set to tighten commodities rules http://www.opalesque.com/Commodities_Briefing/?p=133868 http://www.opalesque.com/Commodities_Briefing/?p=133868#comments Mon, 24 Nov 2014 01:24:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133868 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133868>Article Link</a> The US Federal Reserve is preparing to unveil new restrictions aimed at making it harder for Wall Street banks to make big bets in the commodities markets, according to testimony on Friday from Fed Governor Daniel Tarullo. (more…)

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Commodities boosted by ‘double dose’ of stimulus http://www.opalesque.com/Commodities_Briefing/?p=133867 http://www.opalesque.com/Commodities_Briefing/?p=133867#comments Mon, 24 Nov 2014 01:23:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133867 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133867>Article Link</a> Commodity markets mostly rallied this week as China cut interest rates for the first time in more than two years, boosting the demand outlook in the Asian powerhouse. Prices also won support after European Central Bank chief Mario Draghi signalled readiness to act quickly to deter deflation, sparking fresh stimulus hopes. (more…)

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All eyes on oil: What will OPEC do this week? http://www.opalesque.com/Commodities_Briefing/?p=133866 http://www.opalesque.com/Commodities_Briefing/?p=133866#comments Mon, 24 Nov 2014 01:23:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133866 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133866>Article Link</a> While Americans are chomping down on turkey and pie this week, everyone involved in the energy world will be closely watching the Thanksgiving Day meeting of the OPEC in Vienna, Austria. Oil prices have tumbled dramatically in recent weeks. Oil now trades below $80 a barrel and most Americans can buy gas for their cars for under $3 a gallon. (more…)

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Oil markets: A new chapter for Opec? http://www.opalesque.com/Commodities_Briefing/?p=133865 http://www.opalesque.com/Commodities_Briefing/?p=133865#comments Mon, 24 Nov 2014 01:23:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133865 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133865>Article Link</a> At the last meeting of Opec nations Ali al-Naimi, the Saudi oil minister, dashed in and out of Vienna in just a few hours. He even cast aside his customary 45-minute jog with reporters. With markets stable and the price of oil around $110 a barrel, there was little for the 12 members of the oil producing cartel to talk about. (more…)

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The ‘age of abundance’ in oil and gas poses fresh dilemmas for companies http://www.opalesque.com/Commodities_Briefing/?p=133864 http://www.opalesque.com/Commodities_Briefing/?p=133864#comments Mon, 24 Nov 2014 01:22:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133864 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133864>Article Link</a> The defining image of the global energy industry in 2014 has been a tanker loading up with an ultralight form of crude oil known as condensate in Galveston, Texas, bound for South Korea. (more…)

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