Opalesque Commodities Briefing » Price Watch http://www.opalesque.com/Commodities_Briefing Wed, 22 May 2013 01:30:27 +0000 http://wordpress.org/?v=2.5.1 en NESDB chief: Gold price drop temporary http://www.opalesque.com/Commodities_Briefing/?p=125494 http://www.opalesque.com/Commodities_Briefing/?p=125494#comments Wed, 22 May 2013 01:28:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125494 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125494>Article Link</a> The decline in the global gold price will be only temporary and will rebound on speculation that Italy and other countries in Europe may have to sell gold reserves for debt repayment, the head of the NESDB said on Tuesday. National Economic and Social Development Board (NESDB) secretary general Arkom Tempitayapaisit said he disagrees with an analyst at a foreign bank who forecast that the gold price is now on a five-year downward trend and will fall below US$1,000 per ounce. The gold price on Tuesday evening in New York was $1,380.16 per ounce. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125494 What to make of falling gold prices http://www.opalesque.com/Commodities_Briefing/?p=125493 http://www.opalesque.com/Commodities_Briefing/?p=125493#comments Wed, 22 May 2013 01:28:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125493 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125493>Article Link</a> Gold is continuing to lose its luster. Last fall, gold was trading at nearly $1,800 per ounce. Last week, its price dipped below $1,400 per ounce. And as prices fall, a number of high-profile investors have moved toward the exits. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125493 Gold charts point to fresh trouble ahead with eyes on $1,100/oz http://www.opalesque.com/Commodities_Briefing/?p=125492 http://www.opalesque.com/Commodities_Briefing/?p=125492#comments Wed, 22 May 2013 01:28:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125492 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125492>Article Link</a> Gold’s recent slump could have much further to run, with a breach of its April low at $1,322 potentially setting up bigger losses towards levels not seen since mid-2010, chart analysts say. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125492 Gold price seen as still high despite big fall http://www.opalesque.com/Commodities_Briefing/?p=125491 http://www.opalesque.com/Commodities_Briefing/?p=125491#comments Wed, 22 May 2013 01:28:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125491 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125491>Article Link</a> Singapore government investment chief says it is difficult to justify the current value of the metal given its limited practical usage. While falling gold prices have sent a flood of Chinese housewives to Causeway Bay jewellery shops to hunt for bargains, Singapore’s top investment official has warned that the precious metal still looks overpriced. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125491 Metals prices to continue to drop this year - S&P http://www.opalesque.com/Commodities_Briefing/?p=125486 http://www.opalesque.com/Commodities_Briefing/?p=125486#comments Wed, 22 May 2013 01:26:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125486 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125486>Article Link</a> Weak global demand will constrain Latin American metals and mining sector’s performance this year, Standard & Poor’s advised Monday. “Sluggish demand and oversupply remain key risks for most metal commodities,” said S&P Credit Analysts Rafaela Vitoria and Diego Ocampo. “We expect metal prices to continue to drop in 2013, as a result of oversupply and slowing demand, which will pressure credit metrics.” (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125486 Gold’s double bottom signals rally to $1,500 http://www.opalesque.com/Commodities_Briefing/?p=125469 http://www.opalesque.com/Commodities_Briefing/?p=125469#comments Tue, 21 May 2013 05:45:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125469 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125469>Article Link</a> Gold futures may rebound to $1,500 an ounce in June after hitting a “double bottom” yesterday, according to technical analysis by R.J. O’Brien & Associates. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125469 WTI fluctuates after gaining most in week; OPEC exports may rise http://www.opalesque.com/Commodities_Briefing/?p=125461 http://www.opalesque.com/Commodities_Briefing/?p=125461#comments Fri, 17 May 2013 01:03:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125461 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125461>Article Link</a> West Texas Intermediate crude swung between gains and losses after rising the most in a week. OPEC was forecast to increase crude exports this month to meet rising demand from Asian refiners. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125461 Gold seen crushed as Credit Suisse forecasts $1,100 in year http://www.opalesque.com/Commodities_Briefing/?p=125457 http://www.opalesque.com/Commodities_Briefing/?p=125457#comments Fri, 17 May 2013 01:01:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125457 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125457>Article Link</a> Gold, down 17% since January, is poised to lose 20% in a year as inflation fails to accelerate and with the worst risks to the global economy waning, Credit Suisse Group AG said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125457 Why Peter Grandich is still telling his wife gold will hit $2,000/oz http://www.opalesque.com/Commodities_Briefing/?p=125453 http://www.opalesque.com/Commodities_Briefing/?p=125453#comments Fri, 17 May 2013 01:00:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125453 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125453>Article Link</a> A year ago, the technical picture suggested that the market was coming to a major change that could have been several hundred dollars up or down. My brain said it could be down, but my heart said up and I stuck with my heart. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125453 What’s next for the silver price? http://www.opalesque.com/Commodities_Briefing/?p=125452 http://www.opalesque.com/Commodities_Briefing/?p=125452#comments Fri, 17 May 2013 00:59:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125452 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125452>Article Link</a> Looking back at the articles I’ve written about silver over the years, if there’s one theme that keeps recurring, it’s the word: ‘frustrating’. Silver can meander about and do nothing for years. Then, when your back’s turned, it’ll suddenly spike to unheard-of levels, making its owners rich. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125452 Silver prices could decline to $24/oz this year—CPM Group http://www.opalesque.com/Commodities_Briefing/?p=125451 http://www.opalesque.com/Commodities_Briefing/?p=125451#comments Fri, 17 May 2013 00:59:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125451 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125451>Article Link</a> New York-based commodities research consultants, CPM Group, forecast that silver prices will weaken further this year, “weighed down primarily by the increased price sensibility among investors.” “Prices could potentially decline as low as $24 during the year,” CPM warned in its Silver Yearbook 2013, which was made public Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125451 The IEA says peak oil is dead. That’s bad news for climate policy http://www.opalesque.com/Commodities_Briefing/?p=125437 http://www.opalesque.com/Commodities_Briefing/?p=125437#comments Thu, 16 May 2013 01:01:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125437 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125437>Article Link</a> No one—aside maybe from survivalists who’d stocked up on MREs and assault rifles—was really looking forward to a peak-oil world. Read this 2007 GQ piece by Benjamin Kunkel—while we’re discussing topics from the mid-2000s—that imagines what a world without oil would really be like. Think uncomfortable and violent. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125437 The copper bull’s last hurrah http://www.opalesque.com/Commodities_Briefing/?p=125432 http://www.opalesque.com/Commodities_Briefing/?p=125432#comments Thu, 16 May 2013 00:59:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125432 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125432>Article Link</a> Copper prices fell to a two-year low earlier this month. The other London-traded base metals followed a similar pattern. In what we view as merely extremely oversold conditions, copper staged a mighty 10% rally. The other metals consolidated but continued to hover near their lows. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125432 EU probes global oil price rigging http://www.opalesque.com/Commodities_Briefing/?p=125420 http://www.opalesque.com/Commodities_Briefing/?p=125420#comments Wed, 15 May 2013 01:33:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125420 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125420>Article Link</a> European officials have begun investigating several big oil companies including Shell, BP and Norway’s Statoil over suspected attempts to manipulate global oil prices for more than a decade. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125420 Could an oil rally fuel gold prices? http://www.opalesque.com/Commodities_Briefing/?p=125412 http://www.opalesque.com/Commodities_Briefing/?p=125412#comments Wed, 15 May 2013 01:31:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125412 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125412>Article Link</a> Jim Rogers recently said in an interview to Morningstar, that he is not disturbed by the recent tumble in gold prices. “Gold had gone up 12 years in a row, without a down year, which is extremely unusual in any asset. Equally important, gold has only had one 30% correction in 12 years. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125412 Oil prices fall after flat OPEC demand outlook http://www.opalesque.com/Commodities_Briefing/?p=125401 http://www.opalesque.com/Commodities_Briefing/?p=125401#comments Tue, 14 May 2013 04:09:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125401 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125401>Article Link</a> Crude oil prices slipped Friday on renewed global demand worries after OPEC left its 2013 estimate unchanged and reported increased output in April. New York’s main contract, West Texas Intermediate (WTI) for June delivery, closed at $96.04 a barrel, down 35 cents from Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125401 Expect crude oil prices to go down: Emkay http://www.opalesque.com/Commodities_Briefing/?p=125400 http://www.opalesque.com/Commodities_Briefing/?p=125400#comments Tue, 14 May 2013 04:09:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125400 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125400>Article Link</a> Emkay Commodity Research has come out with its report on energy and precious metals. The research firm expects crude oil prices to go down as investors would remain cautious ahead of the manufacturing, GDP and retail sales data to gauge the health of global economy. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125400 Thank god gold prices are falling http://www.opalesque.com/Commodities_Briefing/?p=125397 http://www.opalesque.com/Commodities_Briefing/?p=125397#comments Tue, 14 May 2013 04:08:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125397 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125397>Article Link</a> How many of us would like to walk into a shopping mall holding several grams of gold in the pocket to buy a packet of soap or other daily necessities? This is quite possible if paper currency loses its significance or value. But why would that happen and what does it have to do with gold prices? (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125397 Silver prices: The best is yet to come http://www.opalesque.com/Commodities_Briefing/?p=125396 http://www.opalesque.com/Commodities_Briefing/?p=125396#comments Tue, 14 May 2013 04:08:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125396 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125396>Article Link</a> I find myself reminiscing about April 2011 when the white metal ended the month at a sterling $48.70 an ounce after hitting an all-time intraday high of $49.51. That record surpassed the previous high of $49.45 set three decades earlier when the Texan Hunt brothers set out to corner the silver market. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125396 Gold price falls to $1,420/oz: Dubai sees massive surge in bullion demand http://www.opalesque.com/Commodities_Briefing/?p=125385 http://www.opalesque.com/Commodities_Briefing/?p=125385#comments Mon, 13 May 2013 00:25:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125385 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125385>Article Link</a> Dubai demand for gold has been witnessing a massive surge since the price collapse of last month, with demand far outstripping supply. Various estimates suggest that demand in the past few weeks has been nothing short of astronomical, surging by 10 times the normal demand. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125385 Split views on gold price direction next week — Survey participants http://www.opalesque.com/Commodities_Briefing/?p=125384 http://www.opalesque.com/Commodities_Briefing/?p=125384#comments Mon, 13 May 2013 00:25:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125384 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125384>Article Link</a> Survey participants are divided on the price outlook for gold next week, with no one group capturing the majority of opinions, although nominally more participants see weaker prices. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125384 Opec sees higher oil demand in second-half 2013 http://www.opalesque.com/Commodities_Briefing/?p=125383 http://www.opalesque.com/Commodities_Briefing/?p=125383#comments Mon, 13 May 2013 00:25:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125383 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125383>Article Link</a> The Opec will need to pump more oil than previously thought to balance the market in 2013 and expects global consumption to be much higher in the rest of the year, the group said in a report ahead of its meeting to set policy on May 31. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125383 US tight crude oil output to touch 2.8 mb/d by 2015, 3.1 mb/d 2020: Barclays http://www.opalesque.com/Commodities_Briefing/?p=125382 http://www.opalesque.com/Commodities_Briefing/?p=125382#comments Mon, 13 May 2013 00:25:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125382 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125382>Article Link</a> A surge in US tight crude oil production has reached 2 mb/d; and it is expected to reach 2.8 mb/d by 2015 and 3.1 mb/d 2020, London based Barclays noted in a report. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125382 Gold price falls to $1,420/oz: Dubai sees massive surge in bullion demand http://www.opalesque.com/Commodities_Briefing/?p=125381 http://www.opalesque.com/Commodities_Briefing/?p=125381#comments Mon, 13 May 2013 00:24:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125381 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125381>Article Link</a> Dubai demand for gold has been witnessing a massive surge since the price collapse of last month, with demand far outstripping supply. Various estimates suggest that demand in the past few weeks has been nothing short of astronomical, surging by 10 times the normal demand. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125381 Gold bullion “could retest $1322″, Central Banks “primed to pull trigger” on more monetary easing http://www.opalesque.com/Commodities_Briefing/?p=125380 http://www.opalesque.com/Commodities_Briefing/?p=125380#comments Mon, 13 May 2013 00:24:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125380 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125380>Article Link</a> Gold bullion fell to a two-week low Friday, drifting lower towards $1440 an ounce during this morning’s London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125380 Copper may reach above $7,500/t before re-stabilising shorts: Barclays http://www.opalesque.com/Commodities_Briefing/?p=125375 http://www.opalesque.com/Commodities_Briefing/?p=125375#comments Mon, 13 May 2013 00:22:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125375 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125375>Article Link</a> Copper prices may witness further upward movement as market positioning is still short with positive demand signals from China. The base metal prices may rise above $7,500 per ton before re-stabilising shorts, stated London based Barclays in its recent market report. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125375 What can make WTI crude oil prices to average $90/bbl in 2013 http://www.opalesque.com/Commodities_Briefing/?p=125348 http://www.opalesque.com/Commodities_Briefing/?p=125348#comments Thu, 09 May 2013 03:22:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125348 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125348>Article Link</a> US crude oil inventories are increasing across the board. Commercial crude stocks in the US are sitting at 395 million bbls, an all-time high level and only 37 million bbls away from what Bank of America Merrill Lynch estimates to be tested maximum storage capacity. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125348 Declines in gold prices are not over yet http://www.opalesque.com/Commodities_Briefing/?p=125335 http://www.opalesque.com/Commodities_Briefing/?p=125335#comments Wed, 08 May 2013 02:24:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125335 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125335>Article Link</a> These past few weeks it seems like paper gold is out and physical gold is in. The fall in the price of gold has triggered a new run on physical gold that shows no sign of abating. Record amounts of money have exited ‘paper,’ i.e. futures and ETFs, and headed straight to the bank or the mint to be exchanged for coins and bullion bars — that is, if one can get them. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125335 Silver holds no charm for Indian buyers even at lower price http://www.opalesque.com/Commodities_Briefing/?p=125332 http://www.opalesque.com/Commodities_Briefing/?p=125332#comments Wed, 08 May 2013 02:23:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125332 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125332>Article Link</a> Silver in India, the poor man’s gold, is witnessing a reverse trend compared to the world market where a slump in silver prices has spurred demand. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125332 Why natural gas prices will soar in the future http://www.opalesque.com/Commodities_Briefing/?p=125323 http://www.opalesque.com/Commodities_Briefing/?p=125323#comments Tue, 07 May 2013 03:36:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125323 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125323>Article Link</a> Maybe it’s the gloomy Seattle weather that has made investment manager Jim Hansen and his son and partner, Kevin, at Ravenna Capital Management immune to oil and gas industry hype about the supposed U.S. shale gas “revolution.” More likely it is thorough research focused on making their clients money and keeping that money out of harm’s way. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125323 Oil: Price higher as market eyes Syria, Israel http://www.opalesque.com/Commodities_Briefing/?p=125322 http://www.opalesque.com/Commodities_Briefing/?p=125322#comments Tue, 07 May 2013 03:36:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125322 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125322>Article Link</a> The price of oil edged higher Monday as tension increased between Syria and Israel. The benchmark oil contract for June delivery rose 55 cents to close at $96.16 per barrel on the New York Mercantile Exchange. It was the third straight day of gains for oil, and the first close above $96 since April 2. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125322 Barclays forecasts Q2, 2013 price of Gold at $1350/oz; 2013 price at $1483 http://www.opalesque.com/Commodities_Briefing/?p=125316 http://www.opalesque.com/Commodities_Briefing/?p=125316#comments Tue, 07 May 2013 03:34:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125316 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125316>Article Link</a> Barclays, in its latest report on gold has projected Q2 13 price of gold at $1350/oz and 2013 price at $1483/oz. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125316 Positive effects of higher oil prices http://www.opalesque.com/Commodities_Briefing/?p=125302 http://www.opalesque.com/Commodities_Briefing/?p=125302#comments Mon, 06 May 2013 02:00:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125302 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125302>Article Link</a> Oil prices have moved around quite a bit of late, and the price of U.S. benchmark crude oil has even dipped below $90 a barrel. Lower oil prices are great for consumers, and they’re one reason we might actually be able to afford gas this summer. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125302 Hope for low oil prices, don’t plan for it http://www.opalesque.com/Commodities_Briefing/?p=125300 http://www.opalesque.com/Commodities_Briefing/?p=125300#comments Mon, 06 May 2013 01:59:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125300 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125300>Article Link</a> An age-old question to which no one has a definitive answer, but which is continually asked, is back on the agenda. Is the price of oil headed inexorably downward? There are several reasons why this question is being asked. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125300 Commodity prices at record high http://www.opalesque.com/Commodities_Briefing/?p=125287 http://www.opalesque.com/Commodities_Briefing/?p=125287#comments Fri, 03 May 2013 03:19:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125287 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125287>Article Link</a> Dairy leads 12.6 per cent jump last month - largest rise in index’s 27-year history.Led by dairy products, ANZ’s commodity price index hit an all-time high last month but Fonterra’s auction saw prices give back nearly half of April’s gains. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125287 Oil price forecast for 2013-2014: Falling prices http://www.opalesque.com/Commodities_Briefing/?p=125286 http://www.opalesque.com/Commodities_Briefing/?p=125286#comments Fri, 03 May 2013 03:18:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125286 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125286>Article Link</a> 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…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125286 Why oil prices will remain high despite the U.S. oil boom http://www.opalesque.com/Commodities_Briefing/?p=125285 http://www.opalesque.com/Commodities_Briefing/?p=125285#comments Fri, 03 May 2013 03:17:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125285 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125285>Article Link</a> The U.S. is experiencing a boom in the production of oil. Only since the beginning of 2011, oil production in the U.S. has gone up by 30%, from 5.5 million barrels per day (mbd) to 7.2 mbd. Just this week, the U.S. Geological Survey announced that the amount of technically recoverable oil in North Dakota was tripled from a previous estimate – so this boom is unlikely to fall away in the short term. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125285 Coal prices resilient to drop in consumption http://www.opalesque.com/Commodities_Briefing/?p=125280 http://www.opalesque.com/Commodities_Briefing/?p=125280#comments Fri, 03 May 2013 03:16:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125280 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125280>Article Link</a> Delivered coal prices appear to be exceptionally resilient to the drop in consumption. In fact, while delivered coal volumes have been declining, delivered coal prices have been rising, Barclays noted in a report. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125280 Citi cuts thermal coal price estimates as supply zooms http://www.opalesque.com/Commodities_Briefing/?p=125279 http://www.opalesque.com/Commodities_Briefing/?p=125279#comments Fri, 03 May 2013 03:16:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125279 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125279>Article Link</a> Coal prices are likely to fall this year, owing to low demand and increased supplies. Citi Research has lowered the price estimates of global thermal coal for this year and the next, citing increased supply and subdued demand in India and China, the key coal-importing nations. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125279 Gold price seen plunging to $1 200/oz over coming year http://www.opalesque.com/Commodities_Briefing/?p=125278 http://www.opalesque.com/Commodities_Briefing/?p=125278#comments Fri, 03 May 2013 03:15:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125278 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125278>Article Link</a> The gold price is expected to continue falling to as low as $1 200/oz over the next year, after what seemed to be an unstoppable climb over the past 12 years, says investment company Rezco Asset Management investment director Rob Spanjaard. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125278 5 drivers that will launch silver prices above $100 http://www.opalesque.com/Commodities_Briefing/?p=125275 http://www.opalesque.com/Commodities_Briefing/?p=125275#comments Fri, 03 May 2013 03:14:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125275 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125275>Article Link</a> Make no mistake: The April sell-off in gold created some extensive “collateral damage” in the silver market. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125275 Growth worries hit stocks and commodities http://www.opalesque.com/Commodities_Briefing/?p=125269 http://www.opalesque.com/Commodities_Briefing/?p=125269#comments Thu, 02 May 2013 03:25:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125269 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125269>Article Link</a> Fresh evidence of slowing global growth prompted further falls for industrial commodities, US stocks and the dollar, and gains for Treasury bonds, even as the Federal Reserve backed away from previous hints that the pace of its asset purchase programme might be curbed. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125269 Demand jitters take oil price back below $100 http://www.opalesque.com/Commodities_Briefing/?p=125265 http://www.opalesque.com/Commodities_Briefing/?p=125265#comments Thu, 02 May 2013 03:24:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125265 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125265>Article Link</a> Oil prices have lost the key $100 a barrel level for the second time in a month as poor economic data from China and the US added to jitters about demand. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125265 Oil price forecast for 2013-2014: Falling prices http://www.opalesque.com/Commodities_Briefing/?p=125264 http://www.opalesque.com/Commodities_Briefing/?p=125264#comments Thu, 02 May 2013 03:24:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125264 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125264>Article Link</a> 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…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125264 Physical gold rush follows April price declines http://www.opalesque.com/Commodities_Briefing/?p=125260 http://www.opalesque.com/Commodities_Briefing/?p=125260#comments Thu, 02 May 2013 03:22:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125260 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125260>Article Link</a> Gold’s sharp decline, which saw the metal fall to $1,321 on April 16, led to a global surge in physical demand. But some market participants question whether this appetite and the upward price moves are sustainable. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125260 Gold company costs could hit $2,000 within 10 years http://www.opalesque.com/Commodities_Briefing/?p=125258 http://www.opalesque.com/Commodities_Briefing/?p=125258#comments Thu, 02 May 2013 03:22:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125258 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125258>Article Link</a> For the past five years or so, gold company costs have been rising at around 17% per year. And, while they have moderated somewhat of late and could go lower in the short term, the long term trend is definitely up. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125258 Commodity price forecasts after mid-April declines http://www.opalesque.com/Commodities_Briefing/?p=125244 http://www.opalesque.com/Commodities_Briefing/?p=125244#comments Tue, 30 Apr 2013 03:40:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125244 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125244>Article Link</a> Global investment banks have adjusted near-term price forecasts for energy, metals and agricultural commodities after the mid-April market tumble.Brent crude oil fell below $100 a barrel the first time in nine months; gold suffered its biggest loss in dollar terms; and copper sunk to an 18-month low after the selloff, triggered by worries of stagnating China growth, fresh concerns about the euro zone and U.S. economic uncertainty. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125244 Commodity price slump ‘will end up boosting growth’ http://www.opalesque.com/Commodities_Briefing/?p=125243 http://www.opalesque.com/Commodities_Briefing/?p=125243#comments Tue, 30 Apr 2013 03:40:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125243 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125243>Article Link</a> The recent fall in commodity prices should “ultimately be viewed as a positive”, according to Rowan Dartington Signature’s managing director, Andrew Morris.The prices for Brent crude oil, copper and gold have all fallen by more than 10 per cent this year, partly due to concerns about global growth, but Mr Morris said the price fall will end up boosting growth. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125243 7 reasons why oil prices won’t plunge http://www.opalesque.com/Commodities_Briefing/?p=125238 http://www.opalesque.com/Commodities_Briefing/?p=125238#comments Tue, 30 Apr 2013 03:38:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125238 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125238>Article Link</a> The United States is in the midst of a miraculous supply boom that has seen domestic oil output soar by more than 1 million barrels per day in the past year to the highest levels in decades. U.S. oil output is now at 6.5 million bbl per day, in third place after Saudi Arabia and Russia (both at roughly 9.8 million bpd). And the growth shows no sign of slowing down. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125238 WTI crude rises to near two-week high; OPEC basket above $100 http://www.opalesque.com/Commodities_Briefing/?p=125235 http://www.opalesque.com/Commodities_Briefing/?p=125235#comments Tue, 30 Apr 2013 03:36:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125235 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125235>Article Link</a> West Texas Intermediate crude advanced to near its highest closing level in more than two weeks. OPEC’s reference price rebounded above $100 a barrel. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125235 Is the price of gold signaling an economic slowdown? http://www.opalesque.com/Commodities_Briefing/?p=125234 http://www.opalesque.com/Commodities_Briefing/?p=125234#comments Tue, 30 Apr 2013 03:36:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125234 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125234>Article Link</a> Friday’s GDP number was a disappointment. The consensus among economists was that growth for the first quarter would be at least 3% (at an annual rate adjusted for inflation). The actual number was only 2.5%. And even that wasn’t as good as it looked. Growth late last year was very weak, so part of the first-quarter gain was simply a short-term bounce back from the previous quarter. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125234 Dip in gold prices may not help narrow CAD: HSBC http://www.opalesque.com/Commodities_Briefing/?p=125233 http://www.opalesque.com/Commodities_Briefing/?p=125233#comments Tue, 30 Apr 2013 03:35:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125233 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125233>Article Link</a> The dip in gold prices may not help narrow current account deficit, a report by HSBC said.”The recent drop in gold prices is likely to have no impact on the CA deficit as the drop in prices should be outweighed by a rise in volumes” said Leif Eskeseen, chief India economist, HSBC. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125233 Banking giant predicts gold price collapse http://www.opalesque.com/Commodities_Briefing/?p=125232 http://www.opalesque.com/Commodities_Briefing/?p=125232#comments Tue, 30 Apr 2013 03:35:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125232 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125232>Article Link</a> ABN Amro, the Dutch state-owned banking giant, recently revised its global macro and gold outlook, forecasting a $1,300 gold price by the end of this year. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125232 Gold prices may touch $1350/oz in Q2 and $1483 2013: Barclays http://www.opalesque.com/Commodities_Briefing/?p=125230 http://www.opalesque.com/Commodities_Briefing/?p=125230#comments Tue, 30 Apr 2013 03:34:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125230 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125230>Article Link</a> ETP outflows may remain as a key downside risk for gold in the near term and prices are expected to touch $1350/oz in the second quarter of 2013 and $1483/oz this year, stated London based Barclays in its recent market analysis. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125230 Commodity prices move higher in March, weakness ahead for industrial metals: Scotiabank http://www.opalesque.com/Commodities_Briefing/?p=125227 http://www.opalesque.com/Commodities_Briefing/?p=125227#comments Tue, 30 Apr 2013 03:33:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125227 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125227>Article Link</a> Commodity prices nudged up slightly in March just ahead of the steep sell-off in gold mid-April. Scotiabank’s Commodity Price Index rose 1.6 per cent month over month. Traders are bracing for more uncertainty following a reality check in China’s economic growth, which rose less than expected at 7.7 per cent in the first quarter of 2013. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125227 Weakening demand keeps oil below USD100 http://www.opalesque.com/Commodities_Briefing/?p=125216 http://www.opalesque.com/Commodities_Briefing/?p=125216#comments Mon, 29 Apr 2013 01:55:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125216 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125216>Article Link</a> Indeed, Saudi Arabia and the UAE are among the countries most vulnerable to an oil price shock, the bank says.Brent crude prices have declined 12.5% this month alone, as traders worry about declining demand and rising output notably from the United States, the North Sea, Canada, Iraq and Libya. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125216 All the big banks forecast a higher gold price this year http://www.opalesque.com/Commodities_Briefing/?p=125215 http://www.opalesque.com/Commodities_Briefing/?p=125215#comments Mon, 29 Apr 2013 01:54:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125215 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125215>Article Link</a> The spot gold price was holding onto its strong gains last week to hover around the $1,465 an ounce level in European trading on Monday.Gold suffered a $200-plus decline that began on Friday 13 April and accellerated into Monday when the metal dropped to multi-year lows of $1,326 an ounce. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125215 HSBC cuts gold, silver price forecasts for 2013 & 2014 http://www.opalesque.com/Commodities_Briefing/?p=125214 http://www.opalesque.com/Commodities_Briefing/?p=125214#comments Mon, 29 Apr 2013 01:54:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125214 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125214>Article Link</a> HSBC lowered its gold forecast for this year and next on Friday, saying the recent tumble in prices for the yellow metal has dealt a severe blow to investor confidence, which may take many months to restore.The bank cut its 2013 gold price forecast to $1,542 per troy ounce from $1,700 and the 2014 price outlook to $1,600 per troy ounce from $1,720. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125214 Palladium prices may average $748/oz in 2013 & $795 2014: Barclays http://www.opalesque.com/Commodities_Briefing/?p=125208 http://www.opalesque.com/Commodities_Briefing/?p=125208#comments Mon, 29 Apr 2013 01:52:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125208 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125208>Article Link</a> Palladium prices may average $748/oz in 2013, and rise to an annual average of $795/oz in 2014, stated London based Barclays in its recent market analysis. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125208 ABN AMRO sees commodity prices falling further in 2013, base metals to rise http://www.opalesque.com/Commodities_Briefing/?p=125196 http://www.opalesque.com/Commodities_Briefing/?p=125196#comments Fri, 26 Apr 2013 03:33:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125196 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125196>Article Link</a> ABN AMRO sees most commodity prices declining further for the remainder of 2013 before strengthening next year on economic recovery-led demand, according to the bank’s Quarterly Commodity Outlook published today. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125196