Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Fri, 19 Dec 2014 01:40:13 +0000 http://wordpress.org/?v=2.5.1 en All’s not lost: Commodities ex-oil stage comeback http://www.opalesque.com/Commodities_Briefing/?p=134302 http://www.opalesque.com/Commodities_Briefing/?p=134302#comments Fri, 19 Dec 2014 01:40:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134302 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134302>Article Link</a> Focus may be on volatile oil prices right now, but investors shouldn’t overlook the strong performance in other commodities, one expert warns. Ten commodities were in backwardation this month, a sign that markets outside of oil are recovering, according to a recent note from S&P Dow Jones Indices: copper, corn, cocoa, silver, coffee, live cattle, feeder cattle, heating oil, Kansas wheat, and lean hogs. (more…)

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Oil-Led Slump Spurring Fastest Investor Exit From Commodities Since 2008 http://www.opalesque.com/Commodities_Briefing/?p=134301 http://www.opalesque.com/Commodities_Briefing/?p=134301#comments Fri, 19 Dec 2014 01:39:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134301 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134301>Article Link</a> Investors are exiting commodities at the fastest pace in six years, betting a slump in prices isn’t over as corn, oil and gold drop close to their cost of production. Open interest in raw-material futures and options is down 6.5 percent since June, heading for the biggest second-half slump since 2008, exchange data show. (more…)

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Commodities Drown in Oil http://www.opalesque.com/Commodities_Briefing/?p=134300 http://www.opalesque.com/Commodities_Briefing/?p=134300#comments Fri, 19 Dec 2014 01:39:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134300 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134300>Article Link</a> Investing in an index is usually a good way to hedge your bets. In commodities, though, it is hard to get around one thing: energy. The oil market is enormous: Even after the recent slump in prices—and Thursday’s rally fizzled quickly–the notional value of annual oil consumption is around $2 trillion. (more…)

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Commodity markets limp into 2015 http://www.opalesque.com/Commodities_Briefing/?p=134299 http://www.opalesque.com/Commodities_Briefing/?p=134299#comments Fri, 19 Dec 2014 01:39:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134299 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134299>Article Link</a> A freefall in commodity prices has come to a head at the end of 2014 as crude oil, iron ore and coal prices, among others, took a significant tumble and served to bring one global giant – Russia, the world’s ninth-largest economy – to its knees. (more…)

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Oil prices not going up soon: IEA director http://www.opalesque.com/Commodities_Briefing/?p=134298 http://www.opalesque.com/Commodities_Briefing/?p=134298#comments Fri, 19 Dec 2014 01:39:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134298 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134298>Article Link</a> The International Energy Agency does not see oil prices bouncing back to a higher level very soon, the organization’s executive director said. The IEA cut its forecast for oil demand in 2015 to 93.3 million barrels per day last week, shaving 230,000 bpd of growth from an earlier projection. (more…)

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Oil price fall is temporary, says Saudi minister http://www.opalesque.com/Commodities_Briefing/?p=134297 http://www.opalesque.com/Commodities_Briefing/?p=134297#comments Fri, 19 Dec 2014 01:39:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134297 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134297>Article Link</a> Recent falls in the price of oil are likely to be temporary, says the oil minister for Saudi Arabia, Opec’s biggest producing nation. Ali al-Naimi said commodity price fluctuations were to be expected and said he was hopeful for the future. (more…)

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Naimi: OPEC needs more support for output cutdown http://www.opalesque.com/Commodities_Briefing/?p=134296 http://www.opalesque.com/Commodities_Briefing/?p=134296#comments Fri, 19 Dec 2014 01:38:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134296 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134296>Article Link</a> Saudi Arabia’s powerful oil minister said on Thursday that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked. (more…)

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Opec: Iran blames falling oil price on ‘political plot’ http://www.opalesque.com/Commodities_Briefing/?p=134295 http://www.opalesque.com/Commodities_Briefing/?p=134295#comments Fri, 19 Dec 2014 01:38:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134295 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134295>Article Link</a> Brent oil up in London as Iran’s oil minister turns up the pressure on Opec to act on falling prices. Iran’s oil minister has said that a “political conspiracy” is to blame for the dramatic slump in the price of crude in remarks that could signal that the Islamic Republic will try to exert pressure on the Organisation of Petroleum Exporting Countries (Opec) to again consider cutting output. (more…)

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Oil Price Forecast: 2015-2016 http://www.opalesque.com/Commodities_Briefing/?p=134294 http://www.opalesque.com/Commodities_Briefing/?p=134294#comments Fri, 19 Dec 2014 01:38:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134294 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134294>Article Link</a> The sharp drop in oil prices in the past few weeks confirms the oil price forecast that I published back in May 2013, when West Texas crude sold for $94.50: “Oil prices are headed down, and I mean down at least $20 a barrel. The key reason is that prices have been high. It’s not a paradox, but a result of the long time lags in oil production.” (more…)

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U.S. Should Save Nuclear Industry From Fracking Peril: IEA http://www.opalesque.com/Commodities_Briefing/?p=134293 http://www.opalesque.com/Commodities_Briefing/?p=134293#comments Fri, 19 Dec 2014 01:37:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134293 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134293>Article Link</a> The United States needs to develop clear policies to support its ailing nuclear industry—which is prone to seeing old reactors close rather than new reactors open largely because of the impact on energy prices of cheap natural gas from fracking, the International Energy Agency said. (more…)

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Will gold tarnish or shine in 2015? http://www.opalesque.com/Commodities_Briefing/?p=134292 http://www.opalesque.com/Commodities_Briefing/?p=134292#comments Fri, 19 Dec 2014 01:37:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134292 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134292>Article Link</a> Resurgence in gold demand from China and India, the world’s biggest consumers, is set to restore some shine to the yellow metal in 2015 after a lackluster year. “Physical gold demand in China and India were held back in 2014 amid high stocks and import controls, respectively,” said Victor Thianpiriya, commodity strategist at ANZ. “Both these shackles have been removed, putting demand on a solid footing as we head into 2015.” (more…)

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Gold to average $1,145/oz in 2015, platinum the favoured trade http://www.opalesque.com/Commodities_Briefing/?p=134291 http://www.opalesque.com/Commodities_Briefing/?p=134291#comments Fri, 19 Dec 2014 01:37:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134291 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134291>Article Link</a> The gold price still has room to drop further given continued strength in the dollar and the possibility that the Federal Reserve will raise interest rates some time in 2015, Natixis said. Platinum is the more favourable trade next year, it said in a research note on Thursday. (more…)

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Gold still on hold http://www.opalesque.com/Commodities_Briefing/?p=134290 http://www.opalesque.com/Commodities_Briefing/?p=134290#comments Fri, 19 Dec 2014 01:37:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134290 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134290>Article Link</a> Gold prices did not show a huge reaction to the FOMC meeting announcement today in which the Fed appeared to sound more dovish–and perhaps a bit confusing as well. The metal is now hovering around the $1,200 area, and it is likely that no significant changes in price action are seen until the new year. (more…)

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Credit Suisse cuts 2015 gold price, bullish on zinc http://www.opalesque.com/Commodities_Briefing/?p=134289 http://www.opalesque.com/Commodities_Briefing/?p=134289#comments Fri, 19 Dec 2014 01:36:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134289 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134289>Article Link</a> “Gold prices we see as stabilized at current levels,” said the Credit Suisse Global Metals & Mining Team, “we now expect a $1,100-$1,300/oz trading range, we reduce our gold price forecast for 2015 to $1,225/oz and our long term price from $1,250/oz from $1,300/oz.” (more…)

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Uranium picks up on Asia’s renewed appetite for nuclear energy http://www.opalesque.com/Commodities_Briefing/?p=134288 http://www.opalesque.com/Commodities_Briefing/?p=134288#comments Fri, 19 Dec 2014 01:36:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134288 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134288>Article Link</a> Since bottoming out at US$28 a pound in May, uranium prices have climbed 35%, becoming the one commodity that seems to be resisting the broad selloff. The surge, analysts agree, is due mostly to China’s increased reliance on nuclear energy and renewable energy sources as it moves away from coal-fired plants. But prices are still far from the point that would allow mining activity to pick up again, they warn. (more…)

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Iron demand falls to the wayside http://www.opalesque.com/Commodities_Briefing/?p=134287 http://www.opalesque.com/Commodities_Briefing/?p=134287#comments Fri, 19 Dec 2014 01:36:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134287 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134287>Article Link</a> Iron ore prices and shipping costs fell to the lowest levels in five years amid signs China’s slowing growth is sapping demand for cargoes just as the world’s largest mining companies press on with raising output and spur a glut. (more…)

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3 Sectors ETFs That Should Thrive On Low Oil Prices http://www.opalesque.com/Commodities_Briefing/?p=134286 http://www.opalesque.com/Commodities_Briefing/?p=134286#comments Fri, 19 Dec 2014 01:35:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134286 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134286>Article Link</a> The crash in oil prices has truly reached shocking levels at this point. Oil prices which were trading above the triple-digit mark only months ago, but have now given up gains to gravitational forces and are now hovering around the five-year low of $65 a barrel. (more…)

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Oil Crash Hits These European ETFs Hard http://www.opalesque.com/Commodities_Briefing/?p=134285 http://www.opalesque.com/Commodities_Briefing/?p=134285#comments Fri, 19 Dec 2014 01:35:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134285 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134285>Article Link</a> Countries with heavy oil exposure have faced extremely rough trading in recent months as steep losses started to pile up in the space. This prime commodity has entered bear territory having slid more than 40% since June and touched the five-year low level. Brent crude prices are presently hovering around the $60/bbl. level. (more…)

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India: Commodity trading turnover halves to Rs 65-trillion in 2014 http://www.opalesque.com/Commodities_Briefing/?p=134284 http://www.opalesque.com/Commodities_Briefing/?p=134284#comments Fri, 19 Dec 2014 01:35:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134284 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134284>Article Link</a> Grappling with its biggest ever scam running into Rs 5,600 crore, it appears to be a journey down the hill for the commodity markets with total exchange traded turnover halving to almost Rs 65 lakh crore in 2014. (more…)

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Russia’s currency crisis poses risks to other emerging markets http://www.opalesque.com/Commodities_Briefing/?p=134283 http://www.opalesque.com/Commodities_Briefing/?p=134283#comments Fri, 19 Dec 2014 01:35:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134283 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134283>Article Link</a> The rouble’s volatility has turned deteriorating sentiment into a sharper, broad-based sell-off that is even affecting oil importing countries. In August 1998, Russia announced it would devalue the rouble and default on its domestic debt. The crisis sent shockwaves through the global financial system and led to the collapse of Long-Term Capital Management, a US hedge fund. (more…)

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13 reasons why the Russian currency crisis is a game changer http://www.opalesque.com/Commodities_Briefing/?p=134282 http://www.opalesque.com/Commodities_Briefing/?p=134282#comments Fri, 19 Dec 2014 01:35:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134282 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134282>Article Link</a> Russia has finally lost the economic war on the West, that much is clear. The Russian rouble turned to ‘rubble’ in the last few days as the once great currency went into free fall. (more…)

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Global linkage of carbon markets remains a challenge http://www.opalesque.com/Commodities_Briefing/?p=134281 http://www.opalesque.com/Commodities_Briefing/?p=134281#comments Fri, 19 Dec 2014 01:34:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134281 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134281>Article Link</a> Although plans to link carbon-trading schemes internationally have suffered setbacks over the years, advocates of carbon trading hope the UN climate summit in Paris next year will produce new commitments. (more…)

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Washington state carbon market plan to raise $1bn a year http://www.opalesque.com/Commodities_Briefing/?p=134280 http://www.opalesque.com/Commodities_Briefing/?p=134280#comments Fri, 19 Dec 2014 01:34:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134280 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134280>Article Link</a> Washington has become the latest US region to set out plans for a carbon market to limit emissions. The Carbon Pollution Accountability Act would cover 85% of the state’s emissions and raise around US$1 billion in its first year, if passed. (more…)

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Supply the key commodity driver as demand takes a back seat: Russell http://www.opalesque.com/Commodities_Briefing/?p=134279 http://www.opalesque.com/Commodities_Briefing/?p=134279#comments Thu, 18 Dec 2014 01:27:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134279 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134279>Article Link</a> The big change in many commodity markets this past year was that demand is no longer king, with supply becoming the key driver, a dynamic that’s likely to persist in 2015. While this trend has been identified, it has not been well understood, with much market commentary still focused on the state of demand as the key determinant of commodity prices. (more…)

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The Best and Worst Performing Commodities of 2014 http://www.opalesque.com/Commodities_Briefing/?p=134278 http://www.opalesque.com/Commodities_Briefing/?p=134278#comments Thu, 18 Dec 2014 01:26:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134278 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134278>Article Link</a> Commodities took investors on another wild ride for 2014. This year was characterized by yet another bull market for U.S. equities that was accompanied by a surging greenback. The strong dollar put pressure on the entire commodity industry. (more…)

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Commodity crush fuels managed futures returns http://www.opalesque.com/Commodities_Briefing/?p=134277 http://www.opalesque.com/Commodities_Briefing/?p=134277#comments Thu, 18 Dec 2014 01:26:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134277 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134277>Article Link</a> Managed futures continued their recent hot streak in November, recording their best monthly return in four years by capitalizing on plummeting commodity prices. “We’ve seen resources get crushed and different markets pull back and this strategy is taking advantage of that situation,” said Tim Pickering, chief investment officer at Auspice Capital Advisors Ltd. in Calgary. (more…)

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Oil price shockwave ripples across world markets http://www.opalesque.com/Commodities_Briefing/?p=134275 http://www.opalesque.com/Commodities_Briefing/?p=134275#comments Thu, 18 Dec 2014 01:25:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134275 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134275>Article Link</a> The financial turmoil engulfing Russia is a symptom of a wider world markets earthquake that has its epicenter in oil’s collapse and Western disinflation but is now rippling far and wide across investors’ portfolios. (more…)

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Oil price shockwave ripples across world markets http://www.opalesque.com/Commodities_Briefing/?p=134276 http://www.opalesque.com/Commodities_Briefing/?p=134276#comments Thu, 18 Dec 2014 01:25:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134276 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134276>Article Link</a> The financial turmoil engulfing Russia is a symptom of a wider world markets earthquake that has its epicenter in oil’s collapse and Western disinflation but is now rippling far and wide across investors’ portfolios. (more…)

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Winners And Losers From The Oil Price Plunge http://www.opalesque.com/Commodities_Briefing/?p=134274 http://www.opalesque.com/Commodities_Briefing/?p=134274#comments Thu, 18 Dec 2014 01:25:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134274 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134274>Article Link</a> World oil prices have plunged over the last six months with a surge in production and weaker than expected global demand. For several years, global oil prices were fairly stable, sitting at around $110 a barrel. But since June prices have almost halved to around $60 a barrel. (more…)

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Why Opec is increasingly irrelevant http://www.opalesque.com/Commodities_Briefing/?p=134273 http://www.opalesque.com/Commodities_Briefing/?p=134273#comments Thu, 18 Dec 2014 01:23:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134273 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134273>Article Link</a> Ali al-Naimi, Saudi Arabia’s oil minister, expects the oil market ‘to stabilise itself eventually’. When the Saudis, the leaders of Opec, decided at the cartel’s recent meeting in Vienna to maintain their oil production levels, it sent a strong message to the world: the market, not Opec, should decide oil prices. As a result, oil prices dropped, falling below $60 per barrel this week. (more…)

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Opec’s 2015 oil revenues to slump to $446bn - EIA http://www.opalesque.com/Commodities_Briefing/?p=134272 http://www.opalesque.com/Commodities_Briefing/?p=134272#comments Thu, 18 Dec 2014 01:23:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134272 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134272>Article Link</a> The amount Opec countries, excluding Iran, earn from net oil revenues next year is set to tumble to levels not seen for a decade as the dramatic slide in prices shows no signs of relenting.
Forecasts from the US Energy Information Administration - the wealthy nations’ energy watchdog - suggests revenue from oil exports next year will dip to $446bn - down 46 per cent on 2013’s income - as Brent crude is projected to average just $68 a barrel in 2015, compared to $109 a barrel last year…………………………………….Full Article: Source

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Gold Declines to Two-Week Low on Outlook for U.S. Interest Rates http://www.opalesque.com/Commodities_Briefing/?p=134271 http://www.opalesque.com/Commodities_Briefing/?p=134271#comments Thu, 18 Dec 2014 01:22:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134271 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134271>Article Link</a> Gold prices fell to a two-week low on concern that the Federal Reserve is moving closer to raising U.S. interest rates, reducing the precious metal’s appeal as a store of value. (more…)

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Saudi Arabia Has its Reason for an Oil Price Drop, Others Need a Plan http://www.opalesque.com/Commodities_Briefing/?p=134270 http://www.opalesque.com/Commodities_Briefing/?p=134270#comments Thu, 18 Dec 2014 01:21:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134270 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134270>Article Link</a> Not all producers will be hurt by a few years of lower prices. Let’s not forget that OPEC’s leading member, Saudi Arabia, has long believed that if oil prices are too high they undermine long-term demand for the country’s main export. (more…)

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Oil Trades Near 5-Year Low as Russia Echoes OPEC Output Policy http://www.opalesque.com/Commodities_Briefing/?p=134269 http://www.opalesque.com/Commodities_Briefing/?p=134269#comments Thu, 18 Dec 2014 01:21:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134269 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134269>Article Link</a> Oil traded near a five-year low in New York as Russia reiterated that it will keep crude production steady next year, echoing OPEC’s strategy of refraining from curbing supply to tackle a global surplus. Futures fell as much as 3.1 percent after sliding below $54 a barrel yesterday for the first time since May 2009. (more…)

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Gold price to see better base in 2015 - ANZ Bank http://www.opalesque.com/Commodities_Briefing/?p=134268 http://www.opalesque.com/Commodities_Briefing/?p=134268#comments Thu, 18 Dec 2014 01:21:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134268 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134268>Article Link</a> The gold price is likely to see a stronger potential for recovery in 2015 despite the prospect of rising US rates, a report from ANZ Bank forecasts. The bank forecasts gold price to average $1,238 per ounce next year, about 3.5 percent higher than the current spot gold price at $1,197 per ounce. (more…)

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Gold Miners ‘Don’t Think Price Will Fall’, Hedging ‘Still Isolated’ http://www.opalesque.com/Commodities_Briefing/?p=134267 http://www.opalesque.com/Commodities_Briefing/?p=134267#comments Thu, 18 Dec 2014 01:21:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134267 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134267>Article Link</a> Gold Miners are still not hedging their future production despite the recent price-drop to new 4.5-year lows, says the latest expert analysis, as zero interest rates and falling energy prices are deterring forward sales to lock in current prices. “There is not yet compelling evidence to indicate an extended rise in the volume of hedging by gold miners,” says Matthew Piggott, senior precious metals analyst at Thomson Reuters GFMS, introducing the consultancy’s Q3 2014 report for French investment bank and bullion market maker Societe Generale on Tuesday. (more…)

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Silver Prices to Outperform Gold in 2015 http://www.opalesque.com/Commodities_Briefing/?p=134266 http://www.opalesque.com/Commodities_Briefing/?p=134266#comments Thu, 18 Dec 2014 01:20:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134266 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134266>Article Link</a> I know it’s a bold prediction: silver prices are going to surprise investors and provide them with better returns than gold bullion. I say this because both the fundamental and the technical pictures for silver continue to improve. The supply of silver produced continues to dwindle, while demand for the metal is robust. This is the perfect recipe for higher prices. (more…)

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PGMs Seen Gaining Upward Momentum By End Of 2015; More Supply Deficits Expected http://www.opalesque.com/Commodities_Briefing/?p=134265 http://www.opalesque.com/Commodities_Briefing/?p=134265#comments Thu, 18 Dec 2014 01:20:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134265 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134265>Article Link</a> Platinum group metals might start slowly but eventually should gain upside momentum in 2015, with most analysts expecting rises for the year. Large existing above-ground stockpiles, potential for higher U.S. interest rates and a stronger U.S. dollar are expected to provide obstacles in the early part of 2015. But eventually, further supply/demand deficits are expected to help the market tick higher. (more…)

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Aluminium sector unveils new global sustainability standard http://www.opalesque.com/Commodities_Briefing/?p=134264 http://www.opalesque.com/Commodities_Briefing/?p=134264#comments Thu, 18 Dec 2014 01:20:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134264 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134264>Article Link</a> BMW Group and Nestlé Nespresso are among 28 organisations to have collaborated on a new standard to improve the environmental, social and governance performance of the aluminium industry. (more…)

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Lead Touches Two-Year Low as Metals Fall Before Fed http://www.opalesque.com/Commodities_Briefing/?p=134263 http://www.opalesque.com/Commodities_Briefing/?p=134263#comments Thu, 18 Dec 2014 01:19:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134263 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134263>Article Link</a> Lead prices dropped to a 28-month low on concern that demand will ebb in China, the world’s largest consumer, while some industrial metals fell on concern that the Federal Reserve is moving closer to boosting interest rates. (more…)

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World Copper Price Continues Fall http://www.opalesque.com/Commodities_Briefing/?p=134262 http://www.opalesque.com/Commodities_Briefing/?p=134262#comments Thu, 18 Dec 2014 01:19:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134262 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134262>Article Link</a> International copper price continued fall and aluminum price touched two-month low on December 1 due to weak manufacturing data of China , the world largest metal consumer, and further decline of oil price. (more…)

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Iron ore hits new low after weakest China imports in 16 years http://www.opalesque.com/Commodities_Briefing/?p=134261 http://www.opalesque.com/Commodities_Briefing/?p=134261#comments Thu, 18 Dec 2014 01:19:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134261 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134261>Article Link</a> The iron ore price reached a fresh five-and-half-year low on Wednesday after surprisingly weak imports by top consumer China. The CFR 62% Fe 2% Al benchmark import price at the port of Qingdao tracked by The SteelIndex declined 20c to $69.10 a tonne, the lowest since June 1, 2009. (more…)

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The 5 Best ETFs to Buy for 2015 http://www.opalesque.com/Commodities_Briefing/?p=134260 http://www.opalesque.com/Commodities_Briefing/?p=134260#comments Thu, 18 Dec 2014 01:18:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134260 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134260>Article Link</a> With the clock about to roll past 2014 and into the New Year, it’s time for investors to be looking ahead with regards to their portfolios. That can be a daunting task, however, as it’s difficult to predict exactly what will happen over the progression of a year. An easy way to prepare and plan is by using exchange-traded funds (ETFs). (more…)

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The Best and Worst Precious Metals ETFs http://www.opalesque.com/Commodities_Briefing/?p=134259 http://www.opalesque.com/Commodities_Briefing/?p=134259#comments Thu, 18 Dec 2014 01:18:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134259 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134259>Article Link</a> Among all that glitters, the palladium exchange traded fund is outperforming while silver ETFs have been the most tarnished in the precious metals group. The ETFS Physical Palladium Shares has increased 8.9% year-to-date, leading the precious metals pack. The palladium spot prices is currently hovering around $780.8 per ounce. (more…)

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5 Hot ETF Trends To Avoid In 2015 http://www.opalesque.com/Commodities_Briefing/?p=134258 http://www.opalesque.com/Commodities_Briefing/?p=134258#comments Thu, 18 Dec 2014 01:18:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134258 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134258>Article Link</a> Though it may be hard to do, we need to shift our attention away from the twisted wreckage within the energy sector for a second. That’s because, as 2014 winds to an end, investors need to make a plan for 2015. And in order to formulate a strategy, we need to reflect on the past year. (more…)

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Russian currency collapses: rouble trouble http://www.opalesque.com/Commodities_Briefing/?p=134257 http://www.opalesque.com/Commodities_Briefing/?p=134257#comments Thu, 18 Dec 2014 01:18:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134257 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134257>Article Link</a> Will Russia’s economic woes finally force Vladimir Putin to stop his adventurism and concentrate on problems at home? Russia’s attempt to defend the rouble by pushing up interest rates has failed miserably, as such reactions often do. After a slight rally following the central bank’s intervention, the currency was on the slide once more because the economy’s problems are far more deep-seated than can be dealt with through monetary policy alone. (more…)

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Nigeria’s Currency at Record Low http://www.opalesque.com/Commodities_Briefing/?p=134256 http://www.opalesque.com/Commodities_Briefing/?p=134256#comments Thu, 18 Dec 2014 01:17:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134256 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134256>Article Link</a> Nigeria’s currency slumped to an all-time low against the U.S. dollar Wednesday, pummeled by the tumbling price of oil, rendering the central bank’s staunch efforts to stem the decline ineffective. (more…)

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Did anyone notice that Australia now has a carbon trading scheme? http://www.opalesque.com/Commodities_Briefing/?p=134255 http://www.opalesque.com/Commodities_Briefing/?p=134255#comments Thu, 18 Dec 2014 01:17:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134255 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134255>Article Link</a> Senator Nick Xenophon has brought back a carbon trading scheme to Australia and nobody seems to have noticed. Quietly tucked behind the headlines from the Palmer United Party and the government was the mention of Senator Xenophon inserting a ‘Safeguard Mechanism’ into the Direct Action legislation. (more…)

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Commodities Still Getting Trashed http://www.opalesque.com/Commodities_Briefing/?p=134254 http://www.opalesque.com/Commodities_Briefing/?p=134254#comments Wed, 17 Dec 2014 01:39:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134254 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134254>Article Link</a> A slowdown in Chinese manufacturing and a sustained effort by OPEC to make shale oil extraction unprofitable have been just two of the factors which have been crushing commodities prices. On December 12, China’s National Bureau of Statistics reported that industrial production increased only 7.2 percent in November, on a year-over-year basis. (more…)

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Levin seeks crackdown on physical commodities http://www.opalesque.com/Commodities_Briefing/?p=134253 http://www.opalesque.com/Commodities_Briefing/?p=134253#comments Wed, 17 Dec 2014 01:39:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134253 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134253>Article Link</a> Sen. Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first such legislation limiting Wall Street banks’ ability to deal in physical markets from crude oil to aluminum. (more…)

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Fitch: Falling Commodities Prices Hit Australia’s Fiscal Outlook http://www.opalesque.com/Commodities_Briefing/?p=134252 http://www.opalesque.com/Commodities_Briefing/?p=134252#comments Wed, 17 Dec 2014 01:39:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134252 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134252>Article Link</a> Australia’s fiscal outlook has weakened due to lack of support for spending cuts in the Senate and a sharp decline in key commodities prices that eroded the country’s terms of trade in 2H14, says Fitch Ratings. Further deterioration in commodities prices or continued objections to spending cuts in the Senate would pose risks to the fiscal outlook. (more…)

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Brent oil price falls below $60 a barrel http://www.opalesque.com/Commodities_Briefing/?p=134251 http://www.opalesque.com/Commodities_Briefing/?p=134251#comments Wed, 17 Dec 2014 01:38:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134251 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134251>Article Link</a> Oil’s fall below $60 a barrel to five and a half year lows gathered pace on Tuesday after data showed Chinese factory activity had weakened. ICE January Brent — the international oil benchmark — dropped $1.45 to $59.61 a barrel in afternoon trading, after falling as low as $58.50 a barrel. This is almost half the level it reached in mid-June. (more…)

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Ticking time bombs: Where oil’s fall is dangerous http://www.opalesque.com/Commodities_Briefing/?p=134250 http://www.opalesque.com/Commodities_Briefing/?p=134250#comments Wed, 17 Dec 2014 01:38:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134250 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134250>Article Link</a> Lower oil prices are good for some countries, and bad for others. But there are a handful of oil-dependent economies where things could get especially ugly. Crude prices were lower Tuesday after OPEC repeated its refusal on Monday to cut oil output despite fears of a looming glut and a UAE official rebuffed calls for an emergency meeting to fix prices. (more…)

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Oil’s Price Decline Weighs On High Yield Debt http://www.opalesque.com/Commodities_Briefing/?p=134249 http://www.opalesque.com/Commodities_Briefing/?p=134249#comments Wed, 17 Dec 2014 01:38:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134249 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134249>Article Link</a> The price of oil has been falling since June but the pace of oil’s price decline has accelerated since about mid-November. You may have noticed cheaper gasoline prices at your local gas station as a result. From this standpoint the falling price of oil is a good thing. (more…)

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OPEC signals ‘wait and see’ approach could last a year http://www.opalesque.com/Commodities_Briefing/?p=134248 http://www.opalesque.com/Commodities_Briefing/?p=134248#comments Wed, 17 Dec 2014 01:38:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134248 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134248>Article Link</a> Core Gulf OPEC oil producers signaled this week they are prepared to wait as long as six months to a year to see the market stabilize, quashing hopes for any quick intervention to stop the price rout that took crude to under $60 per barrel. (more…)

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OPEC will not step in to support oil prices: Kuwait http://www.opalesque.com/Commodities_Briefing/?p=134247 http://www.opalesque.com/Commodities_Briefing/?p=134247#comments Wed, 17 Dec 2014 01:37:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134247 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134247>Article Link</a> OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said Tuesday, as Brent crude breached the $60 mark. “At OPEC’s meeting in November, we took two decisions,” Ali al-Omair said at a lecture in Kuwait City. (more…)

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Gold capped at $1238 http://www.opalesque.com/Commodities_Briefing/?p=134246 http://www.opalesque.com/Commodities_Briefing/?p=134246#comments Wed, 17 Dec 2014 01:37:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134246 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134246>Article Link</a> After breaking through a bearish trendline at the beginning of last week, Gold benefited from some USD profit-taking and managed to climb its way back up the charts. However, the yellow metal found resistance at $1238 preventing entry to $1240 and current technicals indicate this could be a psychological ceiling in the current Gold market. (more…)

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Get Ready for Gold Prices to Break Out http://www.opalesque.com/Commodities_Briefing/?p=134245 http://www.opalesque.com/Commodities_Briefing/?p=134245#comments Wed, 17 Dec 2014 01:37:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134245 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134245>Article Link</a> Gold is unquestionably the most frustrating trade I’ve ever tried to make in 20 years of investing. The main problem is there is simply no way to predict gold prices or even attempt to ballpark where gold prices might go in any given time period. Gold prices are subject to so many crosscurrents that trying to trade the yellow metal has always flummoxed me. (more…)

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Is the end of QE bearish for gold? http://www.opalesque.com/Commodities_Briefing/?p=134244 http://www.opalesque.com/Commodities_Briefing/?p=134244#comments Wed, 17 Dec 2014 01:36:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134244 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134244>Article Link</a> The conventional view is that Fed money creation is necessarily bullish for gold and that a tightening of monetary conditions beginning with the cessation of Fed money creation is necessarily bearish for gold. It’s strange that this view is popular given that gold was clearly hurt more than helped by the QE program that extended from October of 2012 through to October of this year. (more…)

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Gold and Silver Outlook for 2015 http://www.opalesque.com/Commodities_Briefing/?p=134243 http://www.opalesque.com/Commodities_Briefing/?p=134243#comments Wed, 17 Dec 2014 01:36:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134243 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134243>Article Link</a> In the past 12 months, gold has traded as high as around $1,380 an ounce and as low as about $1,140 an ounce. From its starting point at around $1,220, though, the change is just $10 an ounce at the current price around $1,210. Since June, when oil prices started falling and the dollar began strengthening, gold has lost about $100 an ounce. (more…)

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