Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en The Year the World Felt the Might of China’s Commodity Traders http://www.opalesque.com/Commodities_Briefing/?p=144569 http://www.opalesque.com/Commodities_Briefing/?p=144569#comments Wed, 30 Nov 2016 00:03:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144569 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144569>Article Link</a> The Chinese speculators shaking up global commodity markets are switched-on, flush with cash and probably not getting enough sleep. For the second time this year, trading has exploded on the nation’s exchanges, pushing prices of everything from zinc to coal to multi-year highs and sending authorities scrambling to deflate the bubble before it bursts. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144569
Rabobank Report Projects Better Commodity Prices Ahead? http://www.opalesque.com/Commodities_Briefing/?p=144568 http://www.opalesque.com/Commodities_Briefing/?p=144568#comments Wed, 30 Nov 2016 00:03:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144568 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144568>Article Link</a> A recent Rabobank report projects a rise in global demand should bring a three-year decline in commodity prices to an end. Nebraska Farm Bureau Senior Economist Jay Rempe says that outlook should give hope to farmers and ranchers who have been struggling through the downturn in the farm economy. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144568
Hedge funds favour grains to soft commodities - but will it last? http://www.opalesque.com/Commodities_Briefing/?p=144567 http://www.opalesque.com/Commodities_Briefing/?p=144567#comments Wed, 30 Nov 2016 00:03:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144567 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144567>Article Link</a> Hedge funds, despite lifting bullish bets on cotton to a three-year, favoured grains to soft commodities – so much so that many investors saw scope for fresh selling in the likes of corn. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144567
Can OPEC still swing global oil prices? We’re about to find out http://www.opalesque.com/Commodities_Briefing/?p=144566 http://www.opalesque.com/Commodities_Briefing/?p=144566#comments Wed, 30 Nov 2016 00:02:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144566 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144566>Article Link</a> Two years ago, global oil prices crashed after the world started pumping out far more crude than anyone needed. That plunge, from $100 per barrel down to $45 per barrel, completely upended the global economy — and cost oil producers like Saudi Arabia billions of dollars in lost revenue. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144566
Here’s Why the Drop in Oil Prices Isn’t Over http://www.opalesque.com/Commodities_Briefing/?p=144565 http://www.opalesque.com/Commodities_Briefing/?p=144565#comments Wed, 30 Nov 2016 00:02:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144565 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144565>Article Link</a> Saudi Arabia, Iran, and Iraq can’t agree how to end a fight for market share. Here we go again. Like a year ago, crude oil futures are tumbling again Tuesday as hopes for a cut in output from the Organization of Petroleum Exporting Countries (OPEC) fade due to entrenched differences between its most important members. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144565
Saudi Arabia’s oil problems run far deeper than OPEC http://www.opalesque.com/Commodities_Briefing/?p=144564 http://www.opalesque.com/Commodities_Briefing/?p=144564#comments Wed, 30 Nov 2016 00:02:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144564 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144564>Article Link</a> Saudi Arabia’s problems run far deeper than trying to cobble together a deal with fellow OPEC members to curb crude oil output in order to bolster prices. About two-thirds of Saudi Arabia’s oil exports head to Asia, and the kingdom’s struggles in the region’s two biggest importers, China and India, are symptoms of its wider issues in crude markets. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144564
Goldman Sees OPEC Meeting Down to the Wire With 30% Odds of Deal http://www.opalesque.com/Commodities_Briefing/?p=144563 http://www.opalesque.com/Commodities_Briefing/?p=144563#comments Wed, 30 Nov 2016 00:02:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144563 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144563>Article Link</a> The oil market is pricing in a 30 percent chance of producers reaching a deal to cut output at OPEC’s meeting in Vienna, according to Goldman Sachs Group Inc. Global benchmark Brent crude may swing $6 a barrel on Wednesday, based on implied volatility for options contracts, analysts including Damien Courvalin and Jeff Currie said in a report Monday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144563
Deal Or No Deal, OPEC Can’t Win In Fight Against American Frackers http://www.opalesque.com/Commodities_Briefing/?p=144562 http://www.opalesque.com/Commodities_Briefing/?p=144562#comments Wed, 30 Nov 2016 00:01:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144562 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144562>Article Link</a> Like celebrating Thanksgiving with a houseful of in-laws, OPEC’s autumn meeting in Vienna brings a combination of joy and dread. Something unexpected usually crops up, but the headlines out of both meetings are about the same year after year: (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144562
Why Gold’s Lost Sheen Should Be Temporary http://www.opalesque.com/Commodities_Briefing/?p=144561 http://www.opalesque.com/Commodities_Briefing/?p=144561#comments Wed, 30 Nov 2016 00:01:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144561 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144561>Article Link</a> Conventional wisdom suggests that a Federal Reserve rate hike next month is bearish for precious metals, particularly gold. This is because gold investors aren’t rewarded with the interest coupon payments as Treasury holders are. Thus, the opportunity cost of owning gold is the potential cash flow of interest payments, or dividends if comparing it to equities. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144561
Here’s Why Gold Could Fall All The Way To $700 http://www.opalesque.com/Commodities_Briefing/?p=144560 http://www.opalesque.com/Commodities_Briefing/?p=144560#comments Wed, 30 Nov 2016 00:01:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144560 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144560>Article Link</a> Even though the markets haven’t behaved logically of late, it would have seemed a slam dunk for gold to rise if Donald Trump won. After all, we faced uncertainty around his policies, rising inflation from infrastructure spending, and higher expected growth rates. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144560
Gold’s Recovery Falters as Fund Investors Keep Selling Assets http://www.opalesque.com/Commodities_Briefing/?p=144559 http://www.opalesque.com/Commodities_Briefing/?p=144559#comments Wed, 30 Nov 2016 00:01:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144559 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144559>Article Link</a> Gold halted its biggest gain in almost a month as investors extended the longest run of sales from bullion-backed funds in a year. Palladium climbed to the highest in almost 18 months. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144559
Zinc rises to highest since 2007 http://www.opalesque.com/Commodities_Briefing/?p=144558 http://www.opalesque.com/Commodities_Briefing/?p=144558#comments Wed, 30 Nov 2016 00:00:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144558 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144558>Article Link</a> The rally in metals is showing no signs of slowing down. The Bloomberg Industrial Metals sub-index posted the biggest five-day gain since 2011, as zinc touched a nine-year high. Prices rallied after China’s top economic commission approved a $36 billion plan on new rail links around Beijing, boosting demand for industrial raw materials. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144558
Japan’s need for aluminum premium futures is limited, says LME chief http://www.opalesque.com/Commodities_Briefing/?p=144557 http://www.opalesque.com/Commodities_Briefing/?p=144557#comments Wed, 30 Nov 2016 00:00:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144557 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144557>Article Link</a> Japan’s need for aluminum premium futures is limited, London Metal Exchange CEO Garry Jones told the LME Tokyo Gala event Tuesday. LME launched four physically settled regional aluminum premium contracts, including Northeast Asia premium contracts for delivery to Japan and South Korea, in November 2015. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144557
Metals Pare Best Rally Since 2012 as China Curbs Speculation http://www.opalesque.com/Commodities_Briefing/?p=144556 http://www.opalesque.com/Commodities_Briefing/?p=144556#comments Wed, 30 Nov 2016 00:00:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144556 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144556>Article Link</a> Industrial metals slumped, paring the biggest monthly rally in four years, on signs that China is taking steps to cool a trading frenzy in commodities. The Shanghai Futures Exchange and Dalian Commodity Exchange have raised margins and fees to ease a trading frenzy that’s fueled aggressive price gains this month, and further measures are expected, according to Citigroup Inc. analysts. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144556
China, More Than Trump, Fuels Commodity ETF Surge http://www.opalesque.com/Commodities_Briefing/?p=144555 http://www.opalesque.com/Commodities_Briefing/?p=144555#comments Tue, 29 Nov 2016 23:59:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144555 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144555>Article Link</a> It’s no secret that base metals have done well in the month of November. Copper is up 20% month-to-date, its best monthly showing in a decade, according to Bloomberg. Everything from lead to zinc to nickel is up double-digit percentages also. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144555
5 Agricultural ETFs Upgraded to Buys http://www.opalesque.com/Commodities_Briefing/?p=144554 http://www.opalesque.com/Commodities_Briefing/?p=144554#comments Tue, 29 Nov 2016 23:59:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144554 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144554>Article Link</a> So far, the year 2016 has been moderate for agricultural commodities with some specific grains like sugar, soybean and coffee seeing a spike in prices while most other still reeling under pressure as evident by the 1.5% year-to-date decline (as of November 25, 2016) in the broader soft commodity ETF PowerShares DB Agriculture ETF DBA. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144554
China Tightens Controls on Overseas Use of Its Currency http://www.opalesque.com/Commodities_Briefing/?p=144553 http://www.opalesque.com/Commodities_Briefing/?p=144553#comments Tue, 29 Nov 2016 23:59:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144553 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144553>Article Link</a> As an exodus of money adds to the pressure on a slowing economy, regulators are trying to put the brakes on overseas use of China’s currency by increasing the scrutiny of certain overseas deals. The decision to restrict overseas use of the renminbi represents a setback in China’s long-term drive to turn the currency into a rival to the dollar and euro in the global marketplace. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144553
Top Economists Around the World Assess India’s Currency Curbs http://www.opalesque.com/Commodities_Briefing/?p=144552 http://www.opalesque.com/Commodities_Briefing/?p=144552#comments Tue, 29 Nov 2016 23:59:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144552 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144552>Article Link</a> It has been more than three weeks since the government announced its decision to demonetise old Rs 500 and Rs 1,000 currency notes. There has been a wide-ranging debate on whether the government’s move will indeed succeed in curbing black money hoarding and tax evasion. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144552
New platform cuts electricity bills for reduced carbon emission http://www.opalesque.com/Commodities_Briefing/?p=144551 http://www.opalesque.com/Commodities_Briefing/?p=144551#comments Tue, 29 Nov 2016 23:59:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144551 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144551>Article Link</a> Polluters who have reduced their carbon emissions can now apply for a reduction to their electricity bill, thanks to a new system rolled out by the carbon trade center in Beijing. Electric Carbon Contract, a cooperation project between Beijing Environment Exchange and GP Power Electricity Group, was launched on Tuesday in Beijing. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144551
EU cement giants get €5bn carbon market windfall http://www.opalesque.com/Commodities_Briefing/?p=144550 http://www.opalesque.com/Commodities_Briefing/?p=144550#comments Tue, 29 Nov 2016 23:58:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144550 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144550>Article Link</a> The EU carbon market is supposed to make polluters pay. But generous handouts to industries deemed at risk of losing business abroad are undermining the system, a watchdog has warned. Cement producers reaped a €5 billion windfall from the emissions trading system (ETS) between 2008 and 2015, their annual reports reveal. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144550
Global food prices to stay low in 2017: Rabobank report http://www.opalesque.com/Commodities_Briefing/?p=144549 http://www.opalesque.com/Commodities_Briefing/?p=144549#comments Tue, 29 Nov 2016 01:19:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144549 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144549>Article Link</a> High global stock levels expected to keep food prices low during 2017, however, Donald Trump presidency may bring currency uncertainty that will translate into volatile food prices, Rabobank said in its Agri Commodity Market Outlook for 2017 here. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144549
China money back into commodities http://www.opalesque.com/Commodities_Briefing/?p=144548 http://www.opalesque.com/Commodities_Briefing/?p=144548#comments Tue, 29 Nov 2016 01:19:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144548 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144548>Article Link</a> In China, money flow is tightly controlled and capital markets are relatively underdeveloped, meaning the economy works like squeezing a balloon. You press it in one place, and it bulges in another. Policy-maker moves to cool one expansion only serve to inflate another. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144548
Goldman Commodities Outlook: Metals & Oil Strength, Gold Suffers http://www.opalesque.com/Commodities_Briefing/?p=144547 http://www.opalesque.com/Commodities_Briefing/?p=144547#comments Tue, 29 Nov 2016 01:18:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144547 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144547>Article Link</a> Commodities analysts at Goldman Sachs raised their outlook for base metals prices on Monday with currencies as a tailwind, but lowered their gold projection and offered a mixed outlook for Australia-based metals producers as the commodities cycle peaks. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144547
Oil and gas mergers and acquisitions are finally making a comeback http://www.opalesque.com/Commodities_Briefing/?p=144546 http://www.opalesque.com/Commodities_Briefing/?p=144546#comments Tue, 29 Nov 2016 01:18:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144546 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144546>Article Link</a> Oil and gas players are finally inking new mergers and acquisitions, after nearly two years of moribund deal activity. Deal-making hit a soft spot following the 2014 oil bust as banks tightened lending to distressed drillers and buyers and sellers remained at odds over the value of energy assets. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144546
Get ready for $40 oil if OPEC deal collapses http://www.opalesque.com/Commodities_Briefing/?p=144545 http://www.opalesque.com/Commodities_Briefing/?p=144545#comments Tue, 29 Nov 2016 01:18:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144545 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144545>Article Link</a> It’s time for the oil industry’s favorite guessing game: Will OPEC continue to flood the world with more oil, or will it finally blink and cut production? OPEC reached a preliminary deal to much fanfare in September to cut output for the first time since 2008. That tentative agreement sent crude soaring above $50 a barrel. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144545
Hey Oil Market: Forget About OPEC for a Second http://www.opalesque.com/Commodities_Briefing/?p=144544 http://www.opalesque.com/Commodities_Briefing/?p=144544#comments Tue, 29 Nov 2016 01:18:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144544 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144544>Article Link</a> The oil market’s attention is focused overwhelmingly on figuring out which OPEC member is going to cut what. The bigger question it shouldn’t lose sight of is this: Who will replace China? (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144544
The Oil War Is Over And America Has Won http://www.opalesque.com/Commodities_Briefing/?p=144543 http://www.opalesque.com/Commodities_Briefing/?p=144543#comments Tue, 29 Nov 2016 01:17:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144543 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144543>Article Link</a> Two years ago, Saudi Arabia and the other OPEC nations declared an oil war with America. On November 30h OPEC will meet to admit they have lost that conflict. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144543
Russia, Iran agree to coordinate on oil and gas markets -Kremlin http://www.opalesque.com/Commodities_Briefing/?p=144542 http://www.opalesque.com/Commodities_Briefing/?p=144542#comments Tue, 29 Nov 2016 01:17:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144542 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144542>Article Link</a> Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani agreed in a telephone call on Monday to coordinate steps on global oil and gas markets, the Kremlin said. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144542
Gold price fights back – touches $1,200 http://www.opalesque.com/Commodities_Briefing/?p=144541 http://www.opalesque.com/Commodities_Briefing/?p=144541#comments Tue, 29 Nov 2016 01:17:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144541 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144541>Article Link</a> Gold was attempting a comeback of sorts in Asian trading on Monday despite relentless selling by physically-backed gold ETF investors since Donald Trump’s victory in US presidential elections. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144541
A Note On Gold And India – What Is Driving The Gold Price? http://www.opalesque.com/Commodities_Briefing/?p=144540 http://www.opalesque.com/Commodities_Briefing/?p=144540#comments Tue, 29 Nov 2016 01:17:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144540 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144540>Article Link</a> It is well-known that India’s government wants to coerce its population into “modernizing” its financial behavior and abandoning its traditions. The recent ban on large-denomination banknotes was not only meant to fight corruption. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144540
MKS, Commerzbank: Shanghai Gold Premium Hits Multi-Year High http://www.opalesque.com/Commodities_Briefing/?p=144539 http://www.opalesque.com/Commodities_Briefing/?p=144539#comments Tue, 29 Nov 2016 01:16:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144539 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144539>Article Link</a> The Shanghai Gold Exchange premium soared to multi-year highs overnight, with Commerzbank citing recent news reports that China’s government may restrict the number of import licenses and MKS (Switzerland) S.A. reporting that dollar weakness also boosted the appeal of gold. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144539
What Is Gold Saying About Trump? http://www.opalesque.com/Commodities_Briefing/?p=144538 http://www.opalesque.com/Commodities_Briefing/?p=144538#comments Tue, 29 Nov 2016 01:16:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144538 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144538>Article Link</a> Amidst the larger drama of the election, the financial markets staged their own little drama. When the Dow futures plummeted by hundreds of points as it began to look as though Donald Trump would achieve a surprise victory, some people hastily jumped to the conclusion that financial markets feared a Trump presidency. Not so. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144538
Is Palladium Going to Be the Precious Metal Winner for 2017? http://www.opalesque.com/Commodities_Briefing/?p=144537 http://www.opalesque.com/Commodities_Briefing/?p=144537#comments Tue, 29 Nov 2016 01:16:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144537 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144537>Article Link</a> Palladium seems to be the winner among precious metals for 2017 so far. As of November 21, 2017, palladium had a whopping rise of 32.5% year-to-date. That figure is far higher than the rises in gold, silver, and platinum. Platinum has the least year-to-date rise so far among the four precious metals. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144537
Iron ore price means short-term budget relief, not repair http://www.opalesque.com/Commodities_Briefing/?p=144536 http://www.opalesque.com/Commodities_Briefing/?p=144536#comments Tue, 29 Nov 2016 01:16:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144536 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144536>Article Link</a> A bounce in the iron ore price to near two-year highs may deliver a short-term boost to the federal budget, but economists warn the benefit could be short-lived and only offset slower-than-expected wages and employment growth. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144536
Zinc Prices Hit An 8-Year High: Did You Miss The Rally? http://www.opalesque.com/Commodities_Briefing/?p=144535 http://www.opalesque.com/Commodities_Briefing/?p=144535#comments Tue, 29 Nov 2016 01:15:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144535 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144535>Article Link</a> Remember when Barack Obama defeated republican presidential nominee Senator John McCain? Or Usain Bolt’s first appearance in the Olympic games? Well… that’s how far back you need to go if you want to see zinc prices as high as they are now. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144535
Investors Don’t Take A Holiday When It Comes To ETFs http://www.opalesque.com/Commodities_Briefing/?p=144534 http://www.opalesque.com/Commodities_Briefing/?p=144534#comments Tue, 29 Nov 2016 01:15:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144534 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144534>Article Link</a> The steady stream of new assets to ETFs continued unabated during the holiday-shortened week, with a net of $8.1 billion of inflows after two-consecutive weeks that saw more $20 billion each. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144534
Commodity ETF Inflows Near 2009 Record (Video) http://www.opalesque.com/Commodities_Briefing/?p=144533 http://www.opalesque.com/Commodities_Briefing/?p=144533#comments Tue, 29 Nov 2016 01:15:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144533 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144533>Article Link</a> Bloomberg Intelligence’s Mike McGlone and Bloomberg’s Abigail Doolittle examine the near-record inflows of commodity ETFs and expectations for the market in 2017. They speak on “Bloomberg Markets.”. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144533
Should You Buy or Sell Oil ETFs Ahead of the OPEC Meet? http://www.opalesque.com/Commodities_Briefing/?p=144532 http://www.opalesque.com/Commodities_Briefing/?p=144532#comments Tue, 29 Nov 2016 01:14:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144532 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144532>Article Link</a> Oil prices have been volatile lately flipping between hope and despair regarding a likely output curb/freeze deal at the formal OPEC meeting in Vienna on November 30. Though Iraq and Iran were reluctant to cut oil output initially, Iraq finally gave its approval. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144532
Index Funds, Quants and Hedging http://www.opalesque.com/Commodities_Briefing/?p=144531 http://www.opalesque.com/Commodities_Briefing/?p=144531#comments Tue, 29 Nov 2016 01:14:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144531 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144531>Article Link</a> The consensus that Index Funds Are Good is pretty universal, but also kind of boring. It turns out that the right way to invest is to … do nothing? To do exactly what everyone else does? To just stop paying attention? Indexing is low on action, low on personality, low on fees, low on excitement. It is good for you, but a bit bland. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144531
Zimbabwe Begins Issuing New Currency http://www.opalesque.com/Commodities_Briefing/?p=144530 http://www.opalesque.com/Commodities_Briefing/?p=144530#comments Tue, 29 Nov 2016 01:14:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144530 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144530>Article Link</a> Zimbabwe is issuing a new currency, known as bond notes, that officially are equal to the U.S. dollar. The government has gone ahead with the plan despite warnings the new currency will fuel hyperinflation and worsen the already ailing economy. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144530
PM Narendra Modi’s Currency Ban Move ‘Gamble’, Will Set Precedent http://www.opalesque.com/Commodities_Briefing/?p=144529 http://www.opalesque.com/Commodities_Briefing/?p=144529#comments Tue, 29 Nov 2016 01:14:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144529 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144529>Article Link</a> Terming Prime Minister Narendra Modi’s demonetisation move as “very bold”, China’s official media today said it was a “gamble” that would create a precedent irrespective of whether it succeeds or fails and China will draw lessons from its impact on corruption. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144529
New Zealand to Save $31 Billion by Tapping Paris Carbon Markets http://www.opalesque.com/Commodities_Briefing/?p=144528 http://www.opalesque.com/Commodities_Briefing/?p=144528#comments Tue, 29 Nov 2016 01:13:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144528 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144528>Article Link</a> New Zealand is seeking to offset its global warming emissions by investing almost $5 billion in green projects overseas, saving six times that figure to meet its Paris climate commitments. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144528
California Carbon Emissions story http://www.opalesque.com/Commodities_Briefing/?p=144527 http://www.opalesque.com/Commodities_Briefing/?p=144527#comments Tue, 29 Nov 2016 01:13:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144527 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144527>Article Link</a> Demand for California pollution permits rebounded in the latest carbon auction after plummeting earlier this year, state officials said Tuesday. Still, the permits did not sell out, heightening uncertainty about the program’s future. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144527
Trump Administration to Rev Up Global Growth, Says OECD http://www.opalesque.com/Commodities_Briefing/?p=144526 http://www.opalesque.com/Commodities_Briefing/?p=144526#comments Tue, 29 Nov 2016 01:12:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144526 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144526>Article Link</a> If all goes according to plan, a group of international economic experts believe President-elect Donald Trump’s incoming administration will help the world economy grow faster than anticipated over the next few years. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144526
Doubts shadow the recent commodities rally http://www.opalesque.com/Commodities_Briefing/?p=144525 http://www.opalesque.com/Commodities_Briefing/?p=144525#comments Thu, 24 Nov 2016 23:10:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144525 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144525>Article Link</a> Commodities prices have begun rising from their long slump, providing good news for the embattled shipping trade. But uncertainty and ambiguity in China, whose demand dictates the prices of many resources, are casting doubts over how long the rebound can last. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144525
Speculation and fundamentals drive resources rally http://www.opalesque.com/Commodities_Briefing/?p=144524 http://www.opalesque.com/Commodities_Briefing/?p=144524#comments Thu, 24 Nov 2016 23:10:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144524 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144524>Article Link</a> The extraordinary rally in commodities is being driven both by fundamentals and speculation, but experts are divided as to its sustainability. The last time Fortescue Metals Group shares traded above $6 a share five years ago, iron ore was selling at close to $US120 a tonne, well above the current price of $US75 a tonne. The roaring return for Australian mining stocks has outpaced the recovery of their respective commodities. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144524
As the commodity mega-boom winds down, the mini-boom gathers steam: Russell http://www.opalesque.com/Commodities_Briefing/?p=144523 http://www.opalesque.com/Commodities_Briefing/?p=144523#comments Thu, 24 Nov 2016 23:09:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144523 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144523>Article Link</a> As the once-in-a-lifetime commodity boom winds down, a key concern has been what is going to replace the mega-projects built to feed China’s appetite for natural resources. The huge minerals and energy projects that were both the solution and the demise of the China-inspired commodity super-cycle are unlikely to be repeated any time soon, but developments in Australia show it’s not all doom and gloom. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144523
Could commodities suffer from the Trump effect? http://www.opalesque.com/Commodities_Briefing/?p=144522 http://www.opalesque.com/Commodities_Briefing/?p=144522#comments Thu, 24 Nov 2016 23:09:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144522 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144522>Article Link</a> Trump heading closer to presidency has seen a rally in metal and oil prices, further strengthened by the strong US dollar. However, this has generated scepticism about the markets and whether China’s rally will begin to fade out. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144522
Commodities set for an ‘extraordinary bull run’, argue Schroders managers http://www.opalesque.com/Commodities_Briefing/?p=144521 http://www.opalesque.com/Commodities_Briefing/?p=144521#comments Thu, 24 Nov 2016 23:09:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144521 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144521>Article Link</a> Managers at Schroders explain why commodities should outperform in 2017 and give their three resources investors should look at to capitalise on this. Commodities have been a very disappointing area to be invested over the past few years but they could be at the start of another “extraordinary” bull run, according to the team at Schroders. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144521
Natural Gas as a Global Commodity http://www.opalesque.com/Commodities_Briefing/?p=144520 http://www.opalesque.com/Commodities_Briefing/?p=144520#comments Thu, 24 Nov 2016 23:09:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144520 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144520>Article Link</a> The U.S. became a net gas exporter just a few weeks ago, but exports to Canada have actually been falling. Unlike still developing Mexico, Canada doesn’t have huge incremental gas needs, explaining why it’s so critical for Canada’s gas industry to have access to global markets via LNG. Interestingly, while Mexico is overdependent at 60%, natural gas accounts for just 10% of Canada’s power generation. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144520
Trump’s win pushes OPEC to cut production, says BofA’s Blanch http://www.opalesque.com/Commodities_Briefing/?p=144519 http://www.opalesque.com/Commodities_Briefing/?p=144519#comments Thu, 24 Nov 2016 23:08:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144519 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144519>Article Link</a> The election of Donald Trump to the presidency gives OPEC members another reason to agree to oil production cuts when they meet next week, says Bank of America Merrill Lynch’s head of global commodities and derivatives research. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144519
Oil Prices Firm Ahead of Expected Production Cut http://www.opalesque.com/Commodities_Briefing/?p=144518 http://www.opalesque.com/Commodities_Briefing/?p=144518#comments Thu, 24 Nov 2016 23:08:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144518 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144518>Article Link</a> Analysts expect swift fall in prices if no deal reached. Oil futures were slightly lower on Thursday, with all eyes on the coming Organization of the Petroleum Exporting Countries meeting next week, where a deal to cut output is expected. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144518
An OPEC Oil Price Surge May Not Last, IEA Says http://www.opalesque.com/Commodities_Briefing/?p=144517 http://www.opalesque.com/Commodities_Briefing/?p=144517#comments Thu, 24 Nov 2016 23:08:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144517 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144517>Article Link</a> An oil price surge triggered by a successful OPEC agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144517
IEA expects oil investment to fall for third year in 2017 http://www.opalesque.com/Commodities_Briefing/?p=144516 http://www.opalesque.com/Commodities_Briefing/?p=144516#comments Thu, 24 Nov 2016 23:07:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144516 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144516>Article Link</a> Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists, stoking volatility in crude markets, the head of the International Energy Agency (IEA) said on Thursday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144516
For OPEC’s Rivals, Success Lies in an Oil Market Far, Far Away http://www.opalesque.com/Commodities_Briefing/?p=144515 http://www.opalesque.com/Commodities_Briefing/?p=144515#comments Thu, 24 Nov 2016 23:07:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144515 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144515>Article Link</a> Rivals of OPEC seeking to reach its most-prized oil customers are finding that the long way around is better than any shortcut to success. As the group seeks to implement a deal to limit output, the glut that was exacerbated by its prior strategy of keeping taps open has spawned a market structure that’s benefiting competitors in sales to Asia. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144515
OPEC’s Last Push for Oil-Cuts Deal Shifts Focus to Iran, Russia http://www.opalesque.com/Commodities_Briefing/?p=144514 http://www.opalesque.com/Commodities_Briefing/?p=144514#comments Thu, 24 Nov 2016 23:07:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144514 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144514>Article Link</a> OPEC’s final push to implement the Algiers supply accord and boost oil prices shifted focus to Iran and non-members such as Russia as Iraq appeared to reverse its opposition to output cuts. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144514
Woe is gold: monetary metal drops below US$1,200 for first time in a year http://www.opalesque.com/Commodities_Briefing/?p=144513 http://www.opalesque.com/Commodities_Briefing/?p=144513#comments Thu, 24 Nov 2016 23:07:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144513 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144513>Article Link</a> Donald Trump’s pledge to fire up the American dollar printing machine again is having the same effect on gold as did the previous three programs of quantitative easing since 2008. That added US$4.5 trillion to the global currency inventory and kneecapped what had been a nearly ten-year run in the gold price, which peaked in September 2011 at US$1,923.70. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144513
Gold will hit $1,440 by mid-June 2017 http://www.opalesque.com/Commodities_Briefing/?p=144512 http://www.opalesque.com/Commodities_Briefing/?p=144512#comments Thu, 24 Nov 2016 23:06:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144512 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144512>Article Link</a> James Butterfill, head of research and investment strategy at ETF Securities, has remained bullish on the outlook for gold despite the price of the commodity falling below $1,200 per ounce for the first time since February. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144512
Gold price nears ten-month low and could fall to $1,150 http://www.opalesque.com/Commodities_Briefing/?p=144511 http://www.opalesque.com/Commodities_Briefing/?p=144511#comments Thu, 24 Nov 2016 23:06:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144511 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144511>Article Link</a> The gold price closed in on its lowest level for ten months yesterday, hitting a nadir of $1,180 before recovering slightly. Having fallen in excess of ten per cent from a brief post-US presidential election high of $1,337, the precious metal remains under pressure ahead of an expected increase in US interest rates next month. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144511
Indian Gold Import Ban: Fact or Fiction? http://www.opalesque.com/Commodities_Briefing/?p=144510 http://www.opalesque.com/Commodities_Briefing/?p=144510#comments Thu, 24 Nov 2016 23:06:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144510 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144510>Article Link</a> Prime Minister Narendra Modi’s move to ban 500 and 1,000 rupee notes caught the country by surprise, with many Indians now looking to liquidate their stockpiles of cash. Internet chatter is now a flurry, with some wondering whether the government’s next step will be to ban gold imports and prevent Indians from cashing in “black” money. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144510