Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Tue, 26 Jul 2016 01:11:39 +0000 http://wordpress.org/?v=2.5.1 en Brexit heightens uncertainty in global economy, says G20 http://www.opalesque.com/Commodities_Briefing/?p=142697 http://www.opalesque.com/Commodities_Briefing/?p=142697#comments Tue, 26 Jul 2016 01:11:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142697 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142697>Article Link</a> UK must remain a close partner of EU after leaving the bloc to reduce economic turmoil, finance chiefs say in communique. Britain’s vote to leave the EU heightens risks for the world economy, and the UK must remain a close partner of the bloc after Brexit to reduce turmoil, finance chiefs from the G20 group of leading countries have said. (more…)

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Commodities have some investors saying no http://www.opalesque.com/Commodities_Briefing/?p=142696 http://www.opalesque.com/Commodities_Briefing/?p=142696#comments Tue, 26 Jul 2016 01:11:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142696 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142696>Article Link</a> Institutional investors are wondering whether investing in commodities is worth the trouble, as the asset class has suffered an annualized return of -6.46% in the 10 years through June 30. Indeed, the Bloomberg Commodity index has been negative each month for the past 12 months. The Bloomberg Commodity Total Return index, which includes the return of the collateral, showed a return of -5.48% over the same 10-year period. (more…)

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Major mining assets change hands after commodity rout http://www.opalesque.com/Commodities_Briefing/?p=142695 http://www.opalesque.com/Commodities_Briefing/?p=142695#comments Tue, 26 Jul 2016 01:11:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142695 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142695>Article Link</a> Large mining companies are selling off prized assets after the prolonged global commodities markets rout left some with high levels of debt. Anglo American, Glencore and Freeport have been at the forefront of those companies trying to sell, but BHP Billiton and Rio Tinto have also been seeking to rationalise their assets while signalling an interest in acquisitions. (more…)

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Here’s Why Some Huge Hedge Funds Think Oil Prices Could Plunge Again http://www.opalesque.com/Commodities_Briefing/?p=142694 http://www.opalesque.com/Commodities_Briefing/?p=142694#comments Tue, 26 Jul 2016 01:10:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142694 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142694>Article Link</a> Hedge funds have been liquidating their former record bullish position in crude futures and options putting downward pressure on oil prices in recent weeks. But now the liquidation of old long positions is being replaced by the establishment of new short positions as fund managers try to capitalize on the downward cycle in prices. (more…)

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Oil Market: American Frackers And Iran Are Ready To Spoil Saudi Arabia’s Grand Plan http://www.opalesque.com/Commodities_Briefing/?p=142693 http://www.opalesque.com/Commodities_Briefing/?p=142693#comments Tue, 26 Jul 2016 01:10:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142693 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142693>Article Link</a> Saudi Arabia has a grand plan: sell shares of state-owned company Aramco to the public to finance its vision 2030, which will make its economy less dependent on oil. The success of Aramco’s IPO, which promises to be the biggest in history, relies heavily on the state of the oil and equity markets, at the time for the “road show”–the marketing of IPO. (more…)

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The oil price may have bottomed out – but there could be turbulence ahead http://www.opalesque.com/Commodities_Briefing/?p=142692 http://www.opalesque.com/Commodities_Briefing/?p=142692#comments Tue, 26 Jul 2016 01:10:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142692 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142692>Article Link</a> That’s it. We’ve seen the bottom for the oil market. At least, that’s what two of the biggest oilfield services companies in the world – Schlumberger and Halliburton – believe. (more…)

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Could a Trump win lift gold? http://www.opalesque.com/Commodities_Briefing/?p=142691 http://www.opalesque.com/Commodities_Briefing/?p=142691#comments Tue, 26 Jul 2016 01:10:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142691 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142691>Article Link</a> A new ABN AMRO study states gold will rise in price under a potential Trump presidency. “If Trump were to become president gold prices will likely perform well, because we expect that his policies will be inward looking and will weaken the fundamentals of the US economy,” ABN AMRO report author Georgette Boele said. (more…)

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Price not the main factor for India’s physical gold market standstill: sources http://www.opalesque.com/Commodities_Briefing/?p=142690 http://www.opalesque.com/Commodities_Briefing/?p=142690#comments Tue, 26 Jul 2016 01:09:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142690 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142690>Article Link</a> A myriad of factors are behind the present record discount for physical gold purchases in the world’s number two consuming nation India, including government policy and a shift in consumer purchasing power/patterns, sources said over the weekend at an industry event in Agra, India. (more…)

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Gold is at a year-long high: will it keep rising? http://www.opalesque.com/Commodities_Briefing/?p=142689 http://www.opalesque.com/Commodities_Briefing/?p=142689#comments Tue, 26 Jul 2016 01:09:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142689 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142689>Article Link</a> What a year it’s been. I don’t think I can remember one with as many twists and turns, both economic and political, since the fall of the Berlin Wall in 1989. I’ve always been a bit of a sceptic when it comes to gold. After all, what’s the point of it? It’s a bright, shiny metal dug up from the ground with some industrial uses, and that’s about it. (more…)

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Zinc resumes rally, copper falls on weak oil, profit taking http://www.opalesque.com/Commodities_Briefing/?p=142688 http://www.opalesque.com/Commodities_Briefing/?p=142688#comments Tue, 26 Jul 2016 01:09:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142688 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142688>Article Link</a> Zinc resumed its rally on Monday powered by falling mine supply, while copper fell as a sharp drop in oil prices overshadowed expectations of looser global central bank policy. G20 finance chiefs vowed at the weekend to use “all policy tools” to lift global growth after a meeting dominated by the impact of Britain’s exit from the European Union. (more…)

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Metalprodex to launch global physical metal spot trading platform http://www.opalesque.com/Commodities_Briefing/?p=142687 http://www.opalesque.com/Commodities_Briefing/?p=142687#comments Tue, 26 Jul 2016 01:08:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142687 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142687>Article Link</a> A new global spot physical metal trading platform called Metalprodex will launch in September, managing director Janko Linhart told FastMarkets. Headquartered in Germany, it has been developed to allow the quick purchase and sale of physical metal. (more…)

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Citi: Holdings In Gold ETFs Keep Rising During July http://www.opalesque.com/Commodities_Briefing/?p=142686 http://www.opalesque.com/Commodities_Briefing/?p=142686#comments Tue, 26 Jul 2016 01:08:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142686 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142686>Article Link</a> Holdings in gold-backed exchange-traded funds have kept rising this month while net length in Comex gold futures decreased, suggesting that retail and institutional holdings in ETFs are generally “stickier,” says Citi Research. (more…)

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Utility ETFs Always a Safe Option for the Investors http://www.opalesque.com/Commodities_Briefing/?p=142685 http://www.opalesque.com/Commodities_Briefing/?p=142685#comments Tue, 26 Jul 2016 01:08:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142685 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142685>Article Link</a> Exchange traded funds (ETFs) not only offer the flexibility of stocks, but also protect investors from market turmoil. Utility ETFs are one of the safest investment options as they include utilities in their portfolio. Utilities are a safe bet given the regulated nature of their business that gives their revenues a high level of certainty. (more…)

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Hedge funds sell ags again - but wheat shorts ‘in trouble’ http://www.opalesque.com/Commodities_Briefing/?p=142684 http://www.opalesque.com/Commodities_Briefing/?p=142684#comments Tue, 26 Jul 2016 01:08:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142684 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142684>Article Link</a> Hedge funds extended their cut in bullish positioning on agricultural commodities to the longest of 2016, although ideas grew on wheat at least that the extent of short bets may not be sustainable, boding well for prices. (more…)

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Canadian Dollar Drops to Four-Month Low as Commodities Weaken http://www.opalesque.com/Commodities_Briefing/?p=142683 http://www.opalesque.com/Commodities_Briefing/?p=142683#comments Tue, 26 Jul 2016 01:08:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142683 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142683>Article Link</a> The Canadian dollar tumbled to the lowest in four months as oil, the country’s second-largest export, extended its slide and traders ramped up bets on greater monetary-policy divergence between the Bank of Canada and the Federal Reserve. (more…)

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Nigerian currency slump sharpens focus on central bank http://www.opalesque.com/Commodities_Briefing/?p=142682 http://www.opalesque.com/Commodities_Briefing/?p=142682#comments Tue, 26 Jul 2016 01:07:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142682 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142682>Article Link</a> The Nigerian naira tumbled to a fresh record low on Monday, taking its losses against the dollar to 55 per cent during the past month and sharpening the pressure on policymakers in Africa’s largest economy to raise interest rates. (more…)

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A (Carbon) Market-Driven Approach to Sustainability http://www.opalesque.com/Commodities_Briefing/?p=142681 http://www.opalesque.com/Commodities_Briefing/?p=142681#comments Tue, 26 Jul 2016 01:07:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142681 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142681>Article Link</a> In December of 2015, representatives from virtually every nation gathered in Paris for the 21st Conference of the Parties, better known as COP21. While the conference didn’t fully resolve the steps needed to address the issue of climate change, the signatures from countries throughout the globe symbolized the emergence of a worldwide commitment to climate action. (more…)

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CBI urges Greg Clark to deliver low-carbon promises http://www.opalesque.com/Commodities_Briefing/?p=142680 http://www.opalesque.com/Commodities_Briefing/?p=142680#comments Tue, 26 Jul 2016 01:07:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142680 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142680>Article Link</a> Business group urges BEIS to deliver energy and climate polices which show UK remains open for low carbon investment throughout Brexit negotiations and beyond. The UK government must demonstrate the country remains open for business following the Brexit vote and is still committed to mobilising investment in essential low carbon infrastructure, the Confederation of British Industry (CBI) has said. (more…)

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With a few exceptions, the prices of industrial commodities have taken another hit” http://www.opalesque.com/Commodities_Briefing/?p=142679 http://www.opalesque.com/Commodities_Briefing/?p=142679#comments Mon, 25 Jul 2016 04:05:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142679 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142679>Article Link</a> Research firm Capital Economics blamed the US dollar strength for taking the wind out of the sails of mining commodities last week. “With a few exceptions, the prices of industrial commodities have taken another hit … pressured by profit taking and renewed strength in the US dollar,” the firm said in a weekly note. (more…)

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Fund return hit by commodities, strong dollar http://www.opalesque.com/Commodities_Briefing/?p=142678 http://www.opalesque.com/Commodities_Briefing/?p=142678#comments Mon, 25 Jul 2016 04:05:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142678 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142678>Article Link</a> China Investment Corporation announced on Friday that its overseas investments generated a net return of negative 2.96 percent in dollar terms in 2015, falling from a positive 5.47 percent return for 2014, due to volatilities in international financial markets and foreign exchange losses triggered by an appreciating dollar. (more…)

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Commodity futures may see some new reforms http://www.opalesque.com/Commodities_Briefing/?p=142677 http://www.opalesque.com/Commodities_Briefing/?p=142677#comments Mon, 25 Jul 2016 04:05:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142677 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142677>Article Link</a> Hopes have grown of reforms in the 13-year-old commodity futures market with Sebi likely to consider an advisory committee’s recommendation for new products and participants. Until now, trading of commodity futures has willy-nilly been the preserve of retail traders and a few corporates. (more…)

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How Much Oil Is in Storage Globally? Take a Guess http://www.opalesque.com/Commodities_Briefing/?p=142676 http://www.opalesque.com/Commodities_Briefing/?p=142676#comments Mon, 25 Jul 2016 04:04:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142676 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142676>Article Link</a> The historic fall in oil prices has created a pileup of inventories, much of it stashed in tanks in the U.S. and other industrialized countries that are committed to disclosing the latest tally, but millions of barrels of oil are flowing to locations outside the scope of industry trackers. (more…)

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Is This The News Oil Investors Have Been Waiting For? http://www.opalesque.com/Commodities_Briefing/?p=142675 http://www.opalesque.com/Commodities_Briefing/?p=142675#comments Mon, 25 Jul 2016 04:04:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142675 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142675>Article Link</a> The U.S. Energy Information Administration says that American oil companies are getting closer to balancing capital investment and operating cash flows. This is great news for energy investors, but it doesn’t mean every oil company is worth investing in. (more…)

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Serious Concerns Over Oil Demand Could Trigger Another Market Slump http://www.opalesque.com/Commodities_Briefing/?p=142674 http://www.opalesque.com/Commodities_Briefing/?p=142674#comments Mon, 25 Jul 2016 04:04:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142674 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142674>Article Link</a> Towards the middle of the current trading year, a glut ridden oil market had started showing some signs of rebalancing. Decline in US oil production was being reflected in the data, much to the delight of the Organization of Petroleum Exporting Countries (OPEC). (more…)

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Global oil companies keen to tap opportunities in India http://www.opalesque.com/Commodities_Briefing/?p=142673 http://www.opalesque.com/Commodities_Briefing/?p=142673#comments Mon, 25 Jul 2016 04:03:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142673 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142673>Article Link</a> Despite low crude oil prices, global companies in exploration and production are keen to tap the opportunities in India, the “happening spot” for investments, Dharmendra Pradhan, Minister for State (Independent Charge) for Petroleum and Natural Gas, said. (more…)

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Gold investors see Trump (and Clinton) as money for jam http://www.opalesque.com/Commodities_Briefing/?p=142672 http://www.opalesque.com/Commodities_Briefing/?p=142672#comments Mon, 25 Jul 2016 04:03:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142672 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142672>Article Link</a> Recent weakness in the gold price has the gold bugs latching on to the next big event that could force the yellow metal higher, the US election. And there is no surprise in knowing that a Donald Trump victory would be a big plus for the price. (more…)

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Gold could pull back to $1,300 an ounce http://www.opalesque.com/Commodities_Briefing/?p=142671 http://www.opalesque.com/Commodities_Briefing/?p=142671#comments Mon, 25 Jul 2016 04:03:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142671 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142671>Article Link</a> HSBC cautions that gold could pull back to around $1,300 an ounce, but the retreat would be limited. The August futures did fall back as far as $1,310.70 an ounce in overnight screen trading. “Thin summer trading conditions may be as important a reason for gold edging lower than renewed expectations for a (U.S.) rate rise this year,” HSBC added. (more…)

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Dr. Copper Signals Brave New World Economy View as Funds Jump In http://www.opalesque.com/Commodities_Briefing/?p=142670 http://www.opalesque.com/Commodities_Briefing/?p=142670#comments Mon, 25 Jul 2016 04:02:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142670 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142670>Article Link</a> Even with the recent turmoil, the global economy is looking pretty resilient — at least that’s what metals investors are signaling. Over the course of about four weeks, the U.K. voted to leave the European Union, there was a failed coup in Turkey and Donald Trump bucked the establishment of the Republican Party to become its presidential nominee. (more…)

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Is The Gold and Silver Rally In Trouble? http://www.opalesque.com/Commodities_Briefing/?p=142669 http://www.opalesque.com/Commodities_Briefing/?p=142669#comments Mon, 25 Jul 2016 04:02:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142669 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142669>Article Link</a> On the surface, gold and silver prices themselves didn’t have much of an eye-opening fall last week, but when you peer in at the gold and silver mining ETFs, you can see there was considerable damage done, especially with the leveraged commodity ETFs. (more…)

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2016 superstars: Gold And Silver Miners http://www.opalesque.com/Commodities_Briefing/?p=142668 http://www.opalesque.com/Commodities_Briefing/?p=142668#comments Mon, 25 Jul 2016 04:02:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142668 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142668>Article Link</a> The first half of 2016 was definitely good for those who invested in precious metals. However, great results of gold and silver are nothing to compare to the equity of miners. Since the bottom of 18 January index of small miners (with a capitalisation of 5 bn USD or below) nearly tripled. (more…)

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Why lithium will see another price spike this fall http://www.opalesque.com/Commodities_Briefing/?p=142667 http://www.opalesque.com/Commodities_Briefing/?p=142667#comments Mon, 25 Jul 2016 04:01:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142667 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142667>Article Link</a> So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. (more…)

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Base metals fall on stronger US dollar http://www.opalesque.com/Commodities_Briefing/?p=142666 http://www.opalesque.com/Commodities_Briefing/?p=142666#comments Mon, 25 Jul 2016 04:01:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142666 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142666>Article Link</a> A stronger US dollar has knocked industrial metals prices while nickel has also been hit as some investors lock in profits from a recent rally. Aluminium bucked the weaker trend and ticked higher as industrial consumers took advantage of recent declines to make purchases. (more…)

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SEC to Fast-Track Active ETFs http://www.opalesque.com/Commodities_Briefing/?p=142665 http://www.opalesque.com/Commodities_Briefing/?p=142665#comments Mon, 25 Jul 2016 04:01:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142665 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142665>Article Link</a> Move is win for Bats Global Markets and New York Stock Exchange, which compete for listing of such funds. The Securities and Exchange Commission moved to expedite the approval of exchange-traded funds run by human stock and bond pickers, a boost for the fast-expanding ETF industry. (more…)

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Yen remains strongest major developed currency in 2016 http://www.opalesque.com/Commodities_Briefing/?p=142664 http://www.opalesque.com/Commodities_Briefing/?p=142664#comments Mon, 25 Jul 2016 04:00:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142664 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142664>Article Link</a> Strategists forecasting the yen will post its first annual gain since 2011 are standing their ground in the face of a rout driven by speculation the Bank of Japan (BoJ) will expand record stimulus. (more…)

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Dollar buoyant vs euro, yen as risk-on mood prevails http://www.opalesque.com/Commodities_Briefing/?p=142663 http://www.opalesque.com/Commodities_Briefing/?p=142663#comments Mon, 25 Jul 2016 04:00:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142663 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142663>Article Link</a> The dollar was buoyant against the euro and yen early on Monday as a prevailing risk-on mood continued to support the U.S. currency and assets. Upbeat U.S. business activity data out on Friday also added to prospects of a near-term Federal Reserve interest rate hike and supported the greenback. (more…)

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Minister urged to back carbon fee raise http://www.opalesque.com/Commodities_Briefing/?p=142662 http://www.opalesque.com/Commodities_Briefing/?p=142662#comments Mon, 25 Jul 2016 04:00:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142662 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142662>Article Link</a> The climate change minister has not acted on the first policy recommendation of the new Climate Change Advisory Council to support a raise in fees paid by industry for carbon emissions. (more…)

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Cambodia: First Carbon Credits Sold in Mondulkiri http://www.opalesque.com/Commodities_Briefing/?p=142661 http://www.opalesque.com/Commodities_Briefing/?p=142661#comments Mon, 25 Jul 2016 04:00:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142661 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142661>Article Link</a> The government, in partnership with the Wildlife Conservation Society (WCS), sold its first carbon credits to billion-dollar media giant Disney for an undisclosed amount from Keo Seima Wildlife Sanctuary in the country’s northeastern province last week. The credits are part of a global carbon emissions trading scheme aimed at offsetting the expulsion of greenhouse gases (GHG) through reciprocal investment in sustainable programs and renewable energy initiatives. (more…)

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Windermere’s mining hedge fund geared for bull cycle, up 122% YTD http://www.opalesque.com/Commodities_Briefing/?p=142660 http://www.opalesque.com/Commodities_Briefing/?p=142660#comments Mon, 25 Jul 2016 03:57:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142660 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142660>Article Link</a> Benedicte Gravrand, Opalesque London: Precious metals such gold, silver, platinum and palladium, have not exactly shined in the past few years, but have started to experience recoveries so far this year. And the few funds out there investing in precious metals related equities are reaping the profits. (more…)

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The Global Economy Is Slow… But Steadier Than Ever http://www.opalesque.com/Commodities_Briefing/?p=142659 http://www.opalesque.com/Commodities_Briefing/?p=142659#comments Fri, 22 Jul 2016 01:30:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142659 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142659>Article Link</a> It’s not difficult to come to the conclusion that, economically speaking, we are living in very turbulent times. China’s great slowdown. Europe’s persistent woes. Brexit. Yet on a bigger scale, all that’s just noise blocking the signal that the global economy is less volatile than any period in the modern era. This is the conclusion of new research led by David Hensley, director of global economics at JPMorgan Chase & Co. in New York. (more…)

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Brexit sparked economic volatility and uncertainty http://www.opalesque.com/Commodities_Briefing/?p=142658 http://www.opalesque.com/Commodities_Briefing/?p=142658#comments Fri, 22 Jul 2016 01:29:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142658 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142658>Article Link</a> The British move fast. While we wrestle for a couple of years with the succession of leadership in the White House, the British have in swift days bounced out Prime Minister David Cameron, and his successor Theresa May, is already governing in 10 Downing Street. (more…)

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Why Oil Traders Are Writing Love Poems to Yahoo http://www.opalesque.com/Commodities_Briefing/?p=142657 http://www.opalesque.com/Commodities_Briefing/?p=142657#comments Fri, 22 Jul 2016 01:29:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142657 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142657>Article Link</a> Powerful forces have been roiling oil markets this year. There are the vagaries of Chinese demand, shifts in American production, the enigma of OPEC policy. And then, of course, there’s the imminent demise of Yahoo Messenger’s old software version. (more…)

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Russia rules out cooperation with OPEC http://www.opalesque.com/Commodities_Briefing/?p=142656 http://www.opalesque.com/Commodities_Briefing/?p=142656#comments Fri, 22 Jul 2016 01:29:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142656 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142656>Article Link</a> The embarrassing failure of the ‘Doha talks’ in April still weighing over oil politics. Both OPEC and non-OPEC producers met in Doha with the hope that there could be global coordination on oil production but Saudi Arabia’s stance that they will not cut without the participation of Iran came as a big surprise. (more…)

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Investors are kissing gold goodbye - for now http://www.opalesque.com/Commodities_Briefing/?p=142655 http://www.opalesque.com/Commodities_Briefing/?p=142655#comments Fri, 22 Jul 2016 01:29:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142655 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142655>Article Link</a> Gold prices hit a 3-week low as investors decided to plough into riskier asset classes - like stocks. Basically, investors decided they did not need to hide in safe haven asset classes like gold because data shows that the world’s largest economy, the US, is performing pretty well and the Federal Reserve is literally to hike interest rates again later this year. (more…)

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Is Gold Set To Hit $1,500 Per Ounce? http://www.opalesque.com/Commodities_Briefing/?p=142654 http://www.opalesque.com/Commodities_Briefing/?p=142654#comments Fri, 22 Jul 2016 01:28:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142654 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142654>Article Link</a> Following several years of significant price weakness, gold appears to be well-and-truly back! The yellow metal’s 12-year bull run came to a spectacular end in 2013, prompting many market experts to warn of a painful collapse in the years ahead. (more…)

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Gold to hit $1,500 in 2016 $5,000 in 2020: Analysts http://www.opalesque.com/Commodities_Briefing/?p=142653 http://www.opalesque.com/Commodities_Briefing/?p=142653#comments Fri, 22 Jul 2016 01:28:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142653 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142653>Article Link</a> Gold has been the biggest outperformer among all asset classes this year. Amid dismal global growth outlook, bullish sentiment for the gold remains intact with precious metal experts predicting that the yellow metal would rise 10 per cent short-term as they expect it to close in on 1,500 per troy ounce by end of this year, and eventually hitting 5,000 by 2020. (more…)

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This is Goldman Sachs’ best bet in commodities right now http://www.opalesque.com/Commodities_Briefing/?p=142652 http://www.opalesque.com/Commodities_Briefing/?p=142652#comments Fri, 22 Jul 2016 01:28:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142652 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142652>Article Link</a> While investors have been paying close attention to the gold and oil trade, the best bet right now in the commodity space is selling copper, the head of commodities research at Goldman Sachs said Thursday. That’s because there is a lot of supply coming on, Jeff Currie said. (more…)

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Zinc starts to bubble as investors pile in (again): Andy Home http://www.opalesque.com/Commodities_Briefing/?p=142651 http://www.opalesque.com/Commodities_Briefing/?p=142651#comments Fri, 22 Jul 2016 01:28:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142651 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142651>Article Link</a> Zinc is this year’s investment pick of the base metals traded on the London Metal Exchange (LME). The price of LME zinc for three-months delivery has risen by 42 percent since the start of January to a current $2,235 per tonne. (more…)

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July Lead Price Forecast: On the Up and Up http://www.opalesque.com/Commodities_Briefing/?p=142650 http://www.opalesque.com/Commodities_Briefing/?p=142650#comments Fri, 22 Jul 2016 01:28:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142650 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142650>Article Link</a> To begin July, lead prices moved up nearly a quarter of 1% in futures trades as participants increased their positions due, in part, to a pick-up in spot market demand and a boost in base metals overseas. Meanwhile, according to a report from the Business Standard, lead for August delivery at the Multi-Commodity Exchange also grew by nearly .25%. (more…)

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Nickel Extends Advance to 11-Month High on Philippines Concern http://www.opalesque.com/Commodities_Briefing/?p=142649 http://www.opalesque.com/Commodities_Briefing/?p=142649#comments Fri, 22 Jul 2016 01:27:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142649 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142649>Article Link</a> Nickel extended gains to a 11-month high on concern the Philippines crackdown on mines is disrupting supplies from the world’s top supplier of nickel ore. A gauge of mining stocks climbed for the first time in a week. (more…)

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Nickel and zinc prices hit multi-month highs http://www.opalesque.com/Commodities_Briefing/?p=142648 http://www.opalesque.com/Commodities_Briefing/?p=142648#comments Fri, 22 Jul 2016 01:27:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142648 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142648>Article Link</a> Stronger demand in China emerges as the industrial metals face potential supply shortages. Prices for nickel and zinc rallied to multi-month highs on Thursday as investors bet on further supply disruptions for the industrial metals. (more…)

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Base metals edge higher in subdued trading ahead of ECB meeting http://www.opalesque.com/Commodities_Briefing/?p=142647 http://www.opalesque.com/Commodities_Briefing/?p=142647#comments Fri, 22 Jul 2016 01:27:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142647 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142647>Article Link</a> Base metals apart from aluminium were in positive territory in a subdued LME trading session on Thursday morning – traders are on the sidelines ahead of today’s key European Central Bank (ECB) meeting. The ECB meeting, its first since the June 24 UK Brexit referendum, will be watched for signals on interest-rate moves although several traders believe it will follow the Bank of England’s decision to keep rates unchanged. (more…)

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Best Sector ETFs for Q3 http://www.opalesque.com/Commodities_Briefing/?p=142646 http://www.opalesque.com/Commodities_Briefing/?p=142646#comments Fri, 22 Jul 2016 01:27:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142646 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142646>Article Link</a> With the Q2 earnings season in full throttle, broader U.S. indices in the bull territory and global market worries still in place thanks to Brexit, investors might be interested in knowing the best sector picks at the current level. (more…)

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Can Gold Mining ETFs Keep Shining In H2? http://www.opalesque.com/Commodities_Briefing/?p=142645 http://www.opalesque.com/Commodities_Briefing/?p=142645#comments Fri, 22 Jul 2016 01:26:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142645 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142645>Article Link</a> Gold has had a solid run in 2016, gaining 26% so far. In fact, it has been the best-performing asset, trumping major equity indices, investment-grade and high yield bonds and commodity indices. The World Gold Council, in its last report, had stated that gold demand grew 21% to 1,289.8 tons in the first quarter of 2016, the strongest Q1 on record. (more…)

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Options On ETFs Or Indexes? http://www.opalesque.com/Commodities_Briefing/?p=142644 http://www.opalesque.com/Commodities_Briefing/?p=142644#comments Fri, 22 Jul 2016 01:26:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142644 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142644>Article Link</a> For investors and advisors looking to hedge market risk, generate a little extra income or boost growth, options on indexes are a great solution. But which instrument is the right one to use—index options or options on index ETFs? Since the S&P 500 Index (ticker SPX) is widely regarded as the leading benchmark of the overall U.S. stock market, let’s look at options on SPX—an index—and those on the SPDR S&P 500 ETF, an ETF that tracks the index. (more…)

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Ruble’s Growing Strength Concerns Kremlin http://www.opalesque.com/Commodities_Briefing/?p=142643 http://www.opalesque.com/Commodities_Briefing/?p=142643#comments Fri, 22 Jul 2016 01:26:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142643 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142643>Article Link</a> After months of instability and plunging rates, the ruble has finally gained 17 percent against the U.S. dollar since early January, hitting 63.75 to the dollar on July 20. (more…)

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Kremlin Warning Daily on Ruble Gains Puts Currency Into Reverse http://www.opalesque.com/Commodities_Briefing/?p=142642 http://www.opalesque.com/Commodities_Briefing/?p=142642#comments Fri, 22 Jul 2016 01:26:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142642 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142642>Article Link</a> Russia’s ruble headed for its lowest level in a week on speculation policy makers will shut down the currency’s gains as officials echoed a warning by President Vladimir Putin that its appreciation may have gone too far. (more…)

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EU climate targets fall short of Paris deal ambitions, experts warn http://www.opalesque.com/Commodities_Briefing/?p=142641 http://www.opalesque.com/Commodities_Briefing/?p=142641#comments Fri, 22 Jul 2016 01:25:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142641 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142641>Article Link</a> The European Commission this week missed an opportunity to scale up EU climate action by failing to introduce a mechanism to increase emissions targets over time, a European coalition of environmental NGOs said in a statement. (more…)

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Sailing Around the Paris Climate Accord? http://www.opalesque.com/Commodities_Briefing/?p=142640 http://www.opalesque.com/Commodities_Briefing/?p=142640#comments Fri, 22 Jul 2016 01:25:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142640 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142640>Article Link</a> Shipping was left out of the historic 2015 Paris Agreement on Climate Change, yet the shipping industry pledged to move forward “in the spirit of Paris.” So far, however, it appears that shipping nations are more intent on sailing around Paris than following its principles. (more…)

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EIU Global Forecasts Report 2016: Commodities forecasts http://www.opalesque.com/Commodities_Briefing/?p=142639 http://www.opalesque.com/Commodities_Briefing/?p=142639#comments Thu, 21 Jul 2016 00:40:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142639 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142639>Article Link</a> The Economist Intelligence Unit have produced their first global forecast since the Brexit vote. Please find below, their forecasts for commodities until 2020. EIU Report: As in the case of oil, we expect the price of industrial and agricultural commodities to stage only a partial recovery in 2016-20. (more…)

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How to Add Some “Oomph” to Your Commodities Market Gains http://www.opalesque.com/Commodities_Briefing/?p=142638 http://www.opalesque.com/Commodities_Briefing/?p=142638#comments Thu, 21 Jul 2016 00:40:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142638 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142638>Article Link</a> The big, bad commodity bear died in June. That’s when, after five years, commodities officially entered a bull market. Unofficially, though, the good news started months ago. Prices of oil, gold, zinc and many other “hard assets” have trended higher since early in the year. (more…)

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