Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Wed, 01 Apr 2015 01:38:27 +0000 http://wordpress.org/?v=2.5.1 en Commodities traders’ alarm over Europe’s stricter regulations http://www.opalesque.com/Commodities_Briefing/?p=135683 http://www.opalesque.com/Commodities_Briefing/?p=135683#comments Wed, 01 Apr 2015 01:38:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135683 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135683>Article Link</a> If you thought US plans to cap speculative activity in commodities were broad, then take a glance at what’s unfolding on the other side of the Atlantic.Policy makers in Europe want to place position limits, or caps, on the number of contracts speculators may control, on around 1,900 commodity derivatives (and securities priced off commodities), according to calculations by the UK’s Financial Conduct Authority. (more…)

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Basic Materials: China Will Keep a Lid on Most Commodities http://www.opalesque.com/Commodities_Briefing/?p=135682 http://www.opalesque.com/Commodities_Briefing/?p=135682#comments Wed, 01 Apr 2015 01:38:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135682 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135682>Article Link</a> Looser credit conditions or fiscal stimulus may temporarily boost China’s demand for coal, copper, and iron ore, but the bounce would be fleeting. Mined commodity prices are unlikely to recover from recent lows, as China’s structural economic transition diminishes the main source of global demand growth. (more…)

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Investors exit commodities at record rate http://www.opalesque.com/Commodities_Briefing/?p=135681 http://www.opalesque.com/Commodities_Briefing/?p=135681#comments Wed, 01 Apr 2015 01:37:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135681 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135681>Article Link</a> Investors are bailing out of commodity funds at the fastest pace on record, and the exodus shows no signs of ending. US exchange-traded funds linked to broad baskets of raw materials saw a net outflow of $1.23bn over the first three months of the year, the most of any quarter since the securities were created in 2006, data compiled by Bloomberg show. Bank of America says ample supplies have unleashed price wars, and Goldman Sachs predicts a 20% drop for commodities already near a 13-year low. (more…)

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Investors fall out of love with Aussie equities, commodities http://www.opalesque.com/Commodities_Briefing/?p=135680 http://www.opalesque.com/Commodities_Briefing/?p=135680#comments Wed, 01 Apr 2015 01:37:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135680 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135680>Article Link</a> Australian equities and commodities are firmly out of favour with international investors who prefer exposure to Europe, technology and health care. Institutional investors are bearish on the outlook for the local market because stocks look expensive, along with the prospect of the Australian dollar plunging and concerns around Australia’s reliance on China as a source of demand, a survey of respondents at the Credit Suisse Asian Investment Conference revealed. (more…)

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Time for commodities to outperform equities: Jodie Gunzberg http://www.opalesque.com/Commodities_Briefing/?p=135679 http://www.opalesque.com/Commodities_Briefing/?p=135679#comments Wed, 01 Apr 2015 01:37:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135679 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135679>Article Link</a> 21 of 24 commodities lost in FY15 with the flagship indices, S&P GSCI and Dow Jones Commodity Index (DJCI), losing 39.5 per cent and 25.9 per cent, respectively. In the past quarter, six commodities are positive: silver, cotton, gasoil, unleaded gasoline, gold, and feeder cattle. In the past month, one-third of commodities are in backwardation, measuring shortages that could be supportive for silver, copper, live cattle, feeder cattle, Kansas wheat, unleaded gasoline, heating oil and gasoil. (more…)

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Oil Prices Slide on Expectations of Iran Deal http://www.opalesque.com/Commodities_Briefing/?p=135678 http://www.opalesque.com/Commodities_Briefing/?p=135678#comments Wed, 01 Apr 2015 01:37:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135678 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135678>Article Link</a> Oil prices fell Tuesday as a deal on Iran’s nuclear program appeared more likely, raising the chances of increased Iranian crude-oil exports. Tuesday was the deadline for Iran and six other nations to outline the main elements of a deal constraining Iran’s nuclear program in exchange for lifting international sanctions. The U.S. State Department said the parties made enough progress to merit staying at the talks until Wednesday. The deadline for a final agreement is the end of June. (more…)

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Expect oil to tumble if Iran deal gets done http://www.opalesque.com/Commodities_Briefing/?p=135677 http://www.opalesque.com/Commodities_Briefing/?p=135677#comments Wed, 01 Apr 2015 01:36:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135677 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135677>Article Link</a> An unlikely location for oil markets, to be sure, but that is where U.S. Secretary of State John Kerry is meeting with Iran’s Mohammad Javad Zarif for intense negotiations over Iran’s nuclear program. The so-called P5+1 countries and Iran hope to come to an 11th hour agreement that could pave the way for a historic thaw in relations. The deadline for a deal is the end of the month, or Tuesday night. (more…)

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What will the oil price do next? http://www.opalesque.com/Commodities_Briefing/?p=135676 http://www.opalesque.com/Commodities_Briefing/?p=135676#comments Wed, 01 Apr 2015 01:36:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135676 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135676>Article Link</a> Air strikes in Yemen and nuclear talks with Iran are pulling the price of crude in different directions. Betting on oil is perhaps more akin to blackjack than to roulette -some skill is involved but it’s still gambling. There are simply too many unpredictable variables for the market itself to be predictable. (more…)

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OPEC oil output hits highest since October on Iraq, Saudi http://www.opalesque.com/Commodities_Briefing/?p=135675 http://www.opalesque.com/Commodities_Briefing/?p=135675#comments Wed, 01 Apr 2015 01:36:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135675 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135675>Article Link</a> OPEC oil supply has jumped in March to its highest since October as Iraq’s exports rebounded after bad weather and Saudi Arabia pumped at close to record rates, a Reuters survey found, a sign key members are sticking to their effort to regain market share. (more…)

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Metals Focus forecasts gold price to average $1,190 in 2015 http://www.opalesque.com/Commodities_Briefing/?p=135674 http://www.opalesque.com/Commodities_Briefing/?p=135674#comments Wed, 01 Apr 2015 01:35:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135674 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135674>Article Link</a> Metals Focus sees a more stable gold price this year despite a forecast for a wider market deficit, it said. It sees the metal averaging $1,190 in 2015 after bottoming out at $1,080, it said in a report on Tuesday, This suggests reduced volatility in the market this year, with gold currently trading around $1,180 per ounce, effectively unchanged since the start of the year. (more…)

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Metals Focus: 2015 could be end of gold bear cycle http://www.opalesque.com/Commodities_Briefing/?p=135673 http://www.opalesque.com/Commodities_Briefing/?p=135673#comments Wed, 01 Apr 2015 01:35:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135673 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135673>Article Link</a> Look for continued weakness in the short term, with the price maybe bottoming out $100 per ounce below where it is today, says Metals Focus in its inaugural Gold Focus report.The seers naturally trot out Asian demand as helping to save they day, but more interestingly suggest 2015 as the year the tremendous growth in supply over the past two decades comes to an end. (more…)

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Natixis sees gold averaging $1,150/oz in 2015 http://www.opalesque.com/Commodities_Briefing/?p=135672 http://www.opalesque.com/Commodities_Briefing/?p=135672#comments Wed, 01 Apr 2015 01:35:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135672 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135672>Article Link</a> The gold price could average $1,150 and $1,055 per ounce in 2015 and 2016 respectively as the normalisation of Federal Reserve monetary policy and further currency weakness in Europe and Japan drive the dollar higher, Natixis said in a report released on Monday. (more…)

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Silver to hit $26 (£17.68) per ounce by end of 2016 http://www.opalesque.com/Commodities_Briefing/?p=135671 http://www.opalesque.com/Commodities_Briefing/?p=135671#comments Wed, 01 Apr 2015 01:35:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135671 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135671>Article Link</a> Macroeconomic consultantancy Capital Economics has reiterated its above consensus forecast for the silver price of $23 per ounce for the end of the year, rising to $26 for the end of 2016. Julian Jessop, head of Commodities Research at Capital Economics, said in a note on March 27: “Silver has out-performed gold this year during periods when the prices of both have been rising, as usual, but it has also held on to more of its gains when both have struggled. This supports our relatively bullish view on the outlook for silver prices over the remainder of 2015 and in 2016.” (more…)

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Silver forecast to average $16.39/oz this year – JP Morgan http://www.opalesque.com/Commodities_Briefing/?p=135670 http://www.opalesque.com/Commodities_Briefing/?p=135670#comments Wed, 01 Apr 2015 01:34:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135670 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135670>Article Link</a> Silver prices should track gold at an average ratio of 72:1 as larger economic trends prove more potent than supply/demand fundamentals, JP Morgan said on Tuesday. “The large macro themes – US rate hikes, strong dollar, potential for upticks in geopolitical risk – that will drive gold prices will also largely influence silver prices throughout 2015 and 2016,” JP Morgan said. (more…)

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Iron ore price falls to decade low on global glut http://www.opalesque.com/Commodities_Briefing/?p=135669 http://www.opalesque.com/Commodities_Briefing/?p=135669#comments Wed, 01 Apr 2015 01:34:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135669 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135669>Article Link</a> Iron ore completed the biggest quarterly loss since at least 2009 as surging low-cost supplies from Australia and Brazil swamp the global market, spurring a glut as demand from China slows. Ore with 62 per cent content at Qingdao, China, sank 28 per cent since the start of the year, according to daily data from Metal Bulletin. (more…)

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Norilsk sees nickel prices firming, supply deficit in 2015 http://www.opalesque.com/Commodities_Briefing/?p=135668 http://www.opalesque.com/Commodities_Briefing/?p=135668#comments Wed, 01 Apr 2015 01:34:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135668 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135668>Article Link</a> Russian metals producer Norilsk Nickel believes the LME nickel price is “bottoming out” and is bullish on the alloying metal as the Indonesian government has said it is committed to keeping its ore export ban in place. (more…)

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How Trading ETFs is Different from Trading Stocks http://www.opalesque.com/Commodities_Briefing/?p=135667 http://www.opalesque.com/Commodities_Briefing/?p=135667#comments Wed, 01 Apr 2015 01:34:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135667 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135667>Article Link</a> Should you trade exchange-traded funds (ETFs) or individual stocks? With thousands of stocks traded in the marketplace, an investor has the wherewithal to construct a portfolio perfectly tailored to his or her own unique risk tolerance and investment objectives. However, there are a handful of trading situations when ETFs may be better suited than stocks for inclusion in a portfolio. (more…)

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Dollar’s Rise Boosting Currency-Hedged ETFs http://www.opalesque.com/Commodities_Briefing/?p=135666 http://www.opalesque.com/Commodities_Briefing/?p=135666#comments Wed, 01 Apr 2015 01:34:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135666 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135666>Article Link</a> As the U.S. dollar’s value has soared against other currencies, so has interest in currency-hedged exchange-traded funds. In just the first two months of this year, an estimated $11.6 billion has flowed into the 20 currency-hedged ETFs tracked by investment-research firm Morningstar Inc. That swelled the funds’ assets to nearly $35.6 billion, up from just $4.4 billion in 2013 and $21.3 billion last year, according to Morningstar. (more…)

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Hedge Market Risks with Alternative Investments, ETFs http://www.opalesque.com/Commodities_Briefing/?p=135665 http://www.opalesque.com/Commodities_Briefing/?p=135665#comments Wed, 01 Apr 2015 01:33:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135665 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135665>Article Link</a> After the recent swing in the equities market, more anxious investors may consider alternative investments and exchange traded funds to help even out an investment portfolio. (more…)

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Deutsche Boerse to invest in Indian commodity exchange http://www.opalesque.com/Commodities_Briefing/?p=135664 http://www.opalesque.com/Commodities_Briefing/?p=135664#comments Wed, 01 Apr 2015 01:33:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135664 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135664>Article Link</a> Deutsche Börse Group intends to acquire a minority stake in a new commodities exchange in India. While the German exchange has declined comment, a spokesperson for the Bombay Stock Exchange (BSE) told ShareCast on Tuesday that Deutsche Börse’s planned stake could be in the region of 5%, as the Indian exchange moves to set-up a new commodities trading outfit at a special economic zone in India’s Gujarat state. (more…)

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China not quite ready for IMF currency basket http://www.opalesque.com/Commodities_Briefing/?p=135663 http://www.opalesque.com/Commodities_Briefing/?p=135663#comments Wed, 01 Apr 2015 01:33:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135663 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135663>Article Link</a> The United States feels China’s yuan does not yet meet the standards for inclusion in the International Monetary Fund’s basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. The yuan’s inclusion in the basket, which defines the value of the IMF’s reserve assets, would add to China’s global status while encouraging more central banks to hold the currency. (more…)

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Eurozone: Welcome to your currency board future http://www.opalesque.com/Commodities_Briefing/?p=135662 http://www.opalesque.com/Commodities_Briefing/?p=135662#comments Wed, 01 Apr 2015 01:33:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135662 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135662>Article Link</a> Citi’s Chief Economist Willem Buiter spent some time with FT Alphaville explaining why he believes Draghi’s concession on profit and loss sharing among ECB member national central banks turns, in all likelihood, the single monetary unit into nothing more than a glorified currency board. (more…)

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German CO2 emissions down in 2014 http://www.opalesque.com/Commodities_Briefing/?p=135661 http://www.opalesque.com/Commodities_Briefing/?p=135661#comments Wed, 01 Apr 2015 01:33:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135661 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135661>Article Link</a> Germany’s carbon emissions fell last year - due largely to the milder winter. Experts say that unless action is taken to cut the use of highly polluting brown coal, the country will not reach its 2020 climate targets. (more…)

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God save the planet: UK renewables rise to 20%, emissions fall 8% in year http://www.opalesque.com/Commodities_Briefing/?p=135660 http://www.opalesque.com/Commodities_Briefing/?p=135660#comments Wed, 01 Apr 2015 01:32:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135660 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135660>Article Link</a> The past week has been bright for the UK’s renewable energy sector. The UK Department for Energy and Climate Change released energy trends data for 2014, showing that renewables supplied a record 19.2% of all generated electricity, up from 14.9% in 2013. A Bloomberg New Energy Finance Analyst Reaction details how the outcome of the upcoming general election could influence these figures for the future. (more…)

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Commodity Prices Receive Boost From Fed Uncertainty http://www.opalesque.com/Commodities_Briefing/?p=135659 http://www.opalesque.com/Commodities_Briefing/?p=135659#comments Tue, 31 Mar 2015 01:40:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135659 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135659>Article Link</a> A pause in the dollar’s ascent has bolstered many commodities markets, lifting prices on raw materials ranging from copper to orange juice. An eight-month rally in the greenback stalled earlier this month after the Federal Reserve signaled it wasn’t in any hurry to raise interest rates. (more…)

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Commodity investors are bailing at the fastest pace on record http://www.opalesque.com/Commodities_Briefing/?p=135658 http://www.opalesque.com/Commodities_Briefing/?p=135658#comments Tue, 31 Mar 2015 01:40:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135658 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135658>Article Link</a> Investors are bailing out of commodity funds at the fastest pace on record, and the exodus shows no signs of ending. U.S. exchange-traded funds linked to broad baskets of raw materials saw a net outflow of $919 million over the first three months of the year, the most of any quarter since the securities were created in 2006, data compiled by Bloomberg show. (more…)

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What Happens to Global Commodities Once China is No Longer the World’s Factory? http://www.opalesque.com/Commodities_Briefing/?p=135657 http://www.opalesque.com/Commodities_Briefing/?p=135657#comments Tue, 31 Mar 2015 01:40:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135657 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135657>Article Link</a> For many decades, China was the world’s default factory. It sucked up commodities from all four corners of the globe to power its factories. These factories then go on to crank out products that developed economies far and wide loved to consume. That was the old arrangement, and that’s why China’s annual GDP growth rate was nothing short of phenomenal. (more…)

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Why This Commodities Bust Could Test Investor Patience http://www.opalesque.com/Commodities_Briefing/?p=135656 http://www.opalesque.com/Commodities_Briefing/?p=135656#comments Tue, 31 Mar 2015 01:40:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135656 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135656>Article Link</a> Commodities sure have a way of touching all of the major asset classes. With that said, let’s take a look at one of the benchmark commodity indices, the Reuters/Jefferies CRB Index, to see where we stand and if the pain of the 34% decline since June 2014 is behind us. All of course, from a technical perspective. (more…)

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The global oil price drop may last for the next couple decades, Stanford economist says http://www.opalesque.com/Commodities_Briefing/?p=135655 http://www.opalesque.com/Commodities_Briefing/?p=135655#comments Tue, 31 Mar 2015 01:39:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135655 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135655>Article Link</a> Global oil prices may stay low for the next 10 or 20 years, according to Stanford economist Frank Wolak. The most likely medium-term outcome is $50 to $70 per barrel, according to Wolak. He is the Holbrook Working Professor of Commodity Price Studies in the Department of Economics at Stanford University.
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US battles Opec as oil output growth beats 100 year record http://www.opalesque.com/Commodities_Briefing/?p=135654 http://www.opalesque.com/Commodities_Briefing/?p=135654#comments Tue, 31 Mar 2015 01:39:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135654 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135654>Article Link</a> American drillers increased oil production at the highest rate in a Century in 2014 despite falling prices . Opec’s efforts to slow down the pace of growth of America’s oil industry last year have failed, according to new data which revealed that drillers in the US increased production at the highest rate in more than 100 years. (more…)

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Riyadh dancing in new oil market http://www.opalesque.com/Commodities_Briefing/?p=135653 http://www.opalesque.com/Commodities_Briefing/?p=135653#comments Tue, 31 Mar 2015 01:39:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135653 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135653>Article Link</a> Saudi Arabia is forced to react to changing crude oil market dynamics by offering discounts to its potential clients in Asia, Wood Mackenzie said Monday. (more…)

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How the conflict in Yemen is impacting the oil market http://www.opalesque.com/Commodities_Briefing/?p=135652 http://www.opalesque.com/Commodities_Briefing/?p=135652#comments Tue, 31 Mar 2015 01:39:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135652 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135652>Article Link</a> The worsening conflict in Yemen – which pits rival internal groups backed by Iran against those backed by a Saudi Arabia-led coalition of countries – brings to the fore again the potential such regional flash points have to disrupt world oil trade. (more…)

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Crude pares losses on Iran talks, ends at $48.68 a barrel http://www.opalesque.com/Commodities_Briefing/?p=135651 http://www.opalesque.com/Commodities_Briefing/?p=135651#comments Tue, 31 Mar 2015 01:38:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135651 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135651>Article Link</a> Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran’s nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market. (more…)

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Iran nuclear crisis: Six key points http://www.opalesque.com/Commodities_Briefing/?p=135650 http://www.opalesque.com/Commodities_Briefing/?p=135650#comments Tue, 31 Mar 2015 01:38:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135650 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135650>Article Link</a> Over a decade of negotiations over Iran’s nuclear programme come to a head on Tuesday, the deadline for a deal. Here are some of the key points to understanding what the nuclear crisis is all about. (more…)

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Natixis forecast sees gold price averaging $1,150/oz in 2015 http://www.opalesque.com/Commodities_Briefing/?p=135649 http://www.opalesque.com/Commodities_Briefing/?p=135649#comments Tue, 31 Mar 2015 01:38:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135649 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135649>Article Link</a> The gold price could average $1,150 and $1,055 per ounce in 2015 and 2016 respectively as the normalisation of Federal Reserve monetary policy and further currency weakness in Europe and Japan drive the dollar higher, Natixis said in a report released on Monday. (more…)

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In 20 years, the world may run out of minable gold http://www.opalesque.com/Commodities_Briefing/?p=135648 http://www.opalesque.com/Commodities_Briefing/?p=135648#comments Tue, 31 Mar 2015 01:38:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135648 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135648>Article Link</a> In another two decades rare commodities may become seriously scarce. According to Goldman Sachs, the world has about 20 years each of known minable reserves of gold diamonds and zinc. Platinum copper and nickel reserves only have about 40 years or less left. (more…)

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Silver’s outperformance versus gold to stay: Capital Economics http://www.opalesque.com/Commodities_Briefing/?p=135647 http://www.opalesque.com/Commodities_Briefing/?p=135647#comments Tue, 31 Mar 2015 01:37:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135647 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135647>Article Link</a> According to senior analysts at Capital Economics, Silver has risen 8% in dollar terms year-to-date in 2015. During the same period, gold has appreciated only by 1%. This outperformance by silver is expected to continue in 2015 and 2016, noted Julian Jessop, Head of Commodities Research at the London-based economic research consultancy. (more…)

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Natixis forecasts LME aluminium to average $1,840/mt in 2015 http://www.opalesque.com/Commodities_Briefing/?p=135646 http://www.opalesque.com/Commodities_Briefing/?p=135646#comments Tue, 31 Mar 2015 01:37:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135646 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135646>Article Link</a> French bank Natixis said Monday that it expects the LME aluminium price to average around $1,840/mt in 2015, moving up to trade higher in 2016 and average around $2,000/mt. “Our analysis of the aluminium market suggests a tug of war over the coming years between positive and negative factors,” the bank said in its metals review for the first half of 2015. (more…)

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Iron Ore Hovers Close to $US50, Hits Six-Year Low http://www.opalesque.com/Commodities_Briefing/?p=135645 http://www.opalesque.com/Commodities_Briefing/?p=135645#comments Tue, 31 Mar 2015 01:37:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135645 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135645>Article Link</a> Iron ore just can’t stay out of the news. The commodity has hit another post-financial crisis low—and a record low—when it hit $US52.90 overnight. This was down 2.2 percent from its prior close of $US54.10 a tonne. (more…)

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Silver ETFs Outshining Peers http://www.opalesque.com/Commodities_Briefing/?p=135644 http://www.opalesque.com/Commodities_Briefing/?p=135644#comments Tue, 31 Mar 2015 01:36:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135644 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135644>Article Link</a> While the Fed’s March meet led to a stall in the greenback’s north-bound march, it spread joy within broad-based commodity investing. Most investors focused in on gold taking cues from the Fed’s dovish comments over rate rising issues. Another corner of the precious metal world -silver - has also done quite well lately. (more…)

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Oil ETFs: Look Before Leaping http://www.opalesque.com/Commodities_Briefing/?p=135643 http://www.opalesque.com/Commodities_Briefing/?p=135643#comments Tue, 31 Mar 2015 01:36:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135643 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135643>Article Link</a> The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate oil, and the United States Brent Oil Fund (NYSEArca: BNO) are down 15.8% and 8.1%, respectively, year-to-date after falling an average of 45.5% last year. (more…)

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Cotton, the other globally glutted commodity http://www.opalesque.com/Commodities_Briefing/?p=135642 http://www.opalesque.com/Commodities_Briefing/?p=135642#comments Tue, 31 Mar 2015 01:36:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135642 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135642>Article Link</a> The price of a given commodity is falling, rapidly. A key market has way more of the stuff than it used to. Producers are panicking and trying to shift resources to avoid selling into the glut—not to mention the strong US dollar is making it harder for manufacturers around the world to import what they need. (more…)

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Hedge funds reduce bearish stance on ags - a little http://www.opalesque.com/Commodities_Briefing/?p=135641 http://www.opalesque.com/Commodities_Briefing/?p=135641#comments Tue, 31 Mar 2015 01:36:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135641 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135641>Article Link</a> Hedge funds reduced, a little, their bearish bets on agricultural commodities, but remained unusually downbeat on price prospects, particularly for the likes of sugar and arabica coffee. Managed money, a proxy for speculators, cut its net short position in futures and options in the top 13 US-traded agricultural commodities, from cotton to cattle, by nearly 24,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator. (more…)

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Use of China’s Yuan as Global Payment Currency Falls http://www.opalesque.com/Commodities_Briefing/?p=135640 http://www.opalesque.com/Commodities_Briefing/?p=135640#comments Tue, 31 Mar 2015 01:36:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135640 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135640>Article Link</a> China suffered a second setback in as many weeks in its drive to boost the use of its currency abroad, even as the country steps up efforts to open up its capital account. The use of the Chinese yuan as a currency for world payments fell two places to seventh in February, with a share of 1.81%, according to the Society for Worldwide Interbank Financial Telecommunication, or Swift, in a report Monday. (more…)

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Currency Wars: The Swiss Case http://www.opalesque.com/Commodities_Briefing/?p=135639 http://www.opalesque.com/Commodities_Briefing/?p=135639#comments Tue, 31 Mar 2015 01:35:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135639 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135639>Article Link</a> This past January, the Swiss National Bank caused panic in the world of central banking when it announced that it would no longer hold the euro at a fixed exchange rate with the Swiss franc. On January 14, one euro was equivalent to 1.2 Swiss francs; after the statement was made the following day, the euro drastically dropped to just 0.85 to the franc. (more…)

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South Korea’s green initiative meets resistance http://www.opalesque.com/Commodities_Briefing/?p=135638 http://www.opalesque.com/Commodities_Briefing/?p=135638#comments Tue, 31 Mar 2015 01:35:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135638 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135638>Article Link</a> South Korea launched Asia’s first nationwide carbon emissions trading scheme in January. It is part of the government’s efforts to reduce greenhouse gas emissions 30 per cent by 2020. (more…)

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The Carbon Brief Interview: Tim Yeo http://www.opalesque.com/Commodities_Briefing/?p=135637 http://www.opalesque.com/Commodities_Briefing/?p=135637#comments Tue, 31 Mar 2015 01:30:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135637 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135637>Article Link</a> Tim Yeo has been the Conservative MP for South Suffolk since 1983 and is the current chair of the Commons’ Energy and Climate Change (ECC) committee. Yeo served as the minister for environment and countryside from 1992-3. Yeo is standing down as an MP at the general election in May after being deselected by his local party members in 2013. (more…)

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Goldman slaps JPMorgan in commodities as rivals retreat http://www.opalesque.com/Commodities_Briefing/?p=135636 http://www.opalesque.com/Commodities_Briefing/?p=135636#comments Mon, 30 Mar 2015 03:31:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135636 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135636>Article Link</a> Goldman Sachs earned back its place as the largest bank by commodities revenue as competitors including JPMorgan Chase scaled down or abandoned the raw materials business. JPMorgan, which made the most money from commodities among the top 10 investment banks in 2013, ranked second last year and Morgan Stanley was third, according to a report published Friday from Coalition, a London-based business analytics firm. (more…)

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Oil price in 2015 not to exceed $60 per barrel – EBRD http://www.opalesque.com/Commodities_Briefing/?p=135635 http://www.opalesque.com/Commodities_Briefing/?p=135635#comments Mon, 30 Mar 2015 03:31:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135635 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135635>Article Link</a> In 2015, world oil prices will range within $50-$60 per barrel, a leading economist of the European Bank for Reconstruction and Development (EBRD), Dmitry Gvindadze said. “In my opinion, this year, oil prices will remain at the same level, i.e. within the range of $50-$60 per barrel,” Gvindadze said. (more…)

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Once-bullish fund managers start to capitulate on oil prices http://www.opalesque.com/Commodities_Briefing/?p=135634 http://www.opalesque.com/Commodities_Briefing/?p=135634#comments Mon, 30 Mar 2015 03:31:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135634 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135634>Article Link</a> Last fall, when the price of oil started dropping, fund manager Craig Hodges figured crude would rebound in 2015 and began buying shares of companies he thought would be unfairly hit, including construction company Primoris Services Corp and Eagle Materials Inc, which produces sand used in fracked wells. (more…)

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Iran nuclear deal to see $20 oil if Tehran floods crude market http://www.opalesque.com/Commodities_Briefing/?p=135633 http://www.opalesque.com/Commodities_Briefing/?p=135633#comments Mon, 30 Mar 2015 03:31:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135633 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135633>Article Link</a> Ending economic sanctions against Tehran could be a game changer for the oil markets. Flights to Tehran from Dubai have been crammed in recent months with Western executives flooding into the Iranian capital ahead of a potential lifting of economic sanctions. (more…)

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Angola joins Venezuela among biggest losers of oil’s tumble http://www.opalesque.com/Commodities_Briefing/?p=135632 http://www.opalesque.com/Commodities_Briefing/?p=135632#comments Mon, 30 Mar 2015 03:30:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135632 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135632>Article Link</a> Plunging oil prices have been an economic windfall for U.S. consumers, primarily through greater savings at the pump. In energy-reliant countries around the world like Angola, however, the effect has been far less beneficial. (more…)

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U.S. oil drillers scrambling to thwart OPEC threat http://www.opalesque.com/Commodities_Briefing/?p=135631 http://www.opalesque.com/Commodities_Briefing/?p=135631#comments Mon, 30 Mar 2015 03:30:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135631 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135631>Article Link</a> OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil industry. Now they are fighting back. (more…)

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Silver’s outperformance versus gold set to continue suggests economist http://www.opalesque.com/Commodities_Briefing/?p=135630 http://www.opalesque.com/Commodities_Briefing/?p=135630#comments Mon, 30 Mar 2015 03:30:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135630 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135630>Article Link</a> Gold eased back after a strong run that had seen the spot price rise for seven straight days. Uncertainty over the situation in Yemen, Greece and a rare bout of the wobbles for the dollar spurred the rise, but some profit taking saw spot gold ease US$5 to just under US$1,200. (more…)

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Hedge funds bet gold gain to fizzle http://www.opalesque.com/Commodities_Briefing/?p=135629 http://www.opalesque.com/Commodities_Briefing/?p=135629#comments Mon, 30 Mar 2015 03:30:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135629 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135629>Article Link</a> Hedge funds are betting that gold’s recent rally won’t last and are holding the biggest wager ever that prices will decline. The net-long position in gold dropped by 9.9 per cent to 31,653 futures and options in the week ended March 24, according to U.S. Commodity Futures Trading Commission data published three days later. (more…)

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Iron ore drops to fresh six-year low http://www.opalesque.com/Commodities_Briefing/?p=135628 http://www.opalesque.com/Commodities_Briefing/?p=135628#comments Mon, 30 Mar 2015 03:30:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135628 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135628>Article Link</a> Iron ore hit a six-year low on oversupply and a slowdown in China’s property sector. The price of iron ore, for immediate delivery at the port of Qingdao in China, dropped 4 per cent on Friday, the biggest drop since late January, to $US53.14 per tonne, according to Metal Bulletin – the lowest level since the daily pricing index began in 2009. (more…)

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India: Commexes’ turnover drops 41% till March 15 of FY15 http://www.opalesque.com/Commodities_Briefing/?p=135627 http://www.opalesque.com/Commodities_Briefing/?p=135627#comments Mon, 30 Mar 2015 03:29:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135627 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135627>Article Link</a> The turnover of commodity exchanges fell by 41 per cent to Rs 58.68 lakh crore till March 15 of 2014-15 on sharp fall in trading volumes in bullion and other commodities, according to Forward Markets Commission (FMC). (more…)

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Several ETFs set to hit market soon http://www.opalesque.com/Commodities_Briefing/?p=135626 http://www.opalesque.com/Commodities_Briefing/?p=135626#comments Mon, 30 Mar 2015 03:29:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135626 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135626>Article Link</a> It could rain Exchange traded funds (ETFs) in the market soon as different fund houses line up innovative variants to this instrument that is gaining popularity in India. ETFs have been a big draw among retail investors in the last one year as they understood the primary benefits of diversification, risk control and lower transaction costs provided by this financial instrument. (more…)

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Dividend ETFs: Yield, Quality Or A Blend? http://www.opalesque.com/Commodities_Briefing/?p=135625 http://www.opalesque.com/Commodities_Briefing/?p=135625#comments Mon, 30 Mar 2015 03:29:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135625 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135625>Article Link</a> In the income investing universe, participants have a predisposition to focusing on ETFs with the highest headline yields. After all, income investors have a way of keying in on a yield that matches up with their spendable cash flow needs. (more…)

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Why Brazil’s currency is having a real tough time http://www.opalesque.com/Commodities_Briefing/?p=135624 http://www.opalesque.com/Commodities_Briefing/?p=135624#comments Mon, 30 Mar 2015 03:29:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135624 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135624>Article Link</a> The Brazilian real moved sharply lower Friday after a gross domestic product report showed Brazil’s economy contracted in the fourth quarter compared with the same period a year earlier. The real traded at 3.23 to the U.S. dollar, compared with 3.19 Thursday. (more…)

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