Opalesque Commodities Briefing » Commentaries http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en Why Gold’s Lost Sheen Should Be Temporary http://www.opalesque.com/Commodities_Briefing/?p=144561 http://www.opalesque.com/Commodities_Briefing/?p=144561#comments Wed, 30 Nov 2016 00:01:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144561 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144561>Article Link</a> Conventional wisdom suggests that a Federal Reserve rate hike next month is bearish for precious metals, particularly gold. This is because gold investors aren’t rewarded with the interest coupon payments as Treasury holders are. Thus, the opportunity cost of owning gold is the potential cash flow of interest payments, or dividends if comparing it to equities. (more…)

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

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

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

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Commodities Surge Is China, Not Trump: Ed Morse (Video) http://www.opalesque.com/Commodities_Briefing/?p=144497 http://www.opalesque.com/Commodities_Briefing/?p=144497#comments Wed, 23 Nov 2016 23:14:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144497 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144497>Article Link</a> Ed Morse global head of commodities research at Citigroup, looks at China as the driver of a rally in the copper and iron ore markets. He speaks on “Bloomberg Daybreak: Americas.”. (more…)

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Metals Rally Draws Speculators as Copper Soars (Video) http://www.opalesque.com/Commodities_Briefing/?p=144484 http://www.opalesque.com/Commodities_Briefing/?p=144484#comments Wed, 23 Nov 2016 23:11:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144484 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144484>Article Link</a> Copper posted its highest closing price since July 2015 amid a broad rally in commodities on expectations of a pick-up in global manufacturing and infrastructure spending. Bloomberg Intelligence’s Kenneth Hoffman reports. (more…)

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Gold bugs blindsided by Trumpflation http://www.opalesque.com/Commodities_Briefing/?p=144445 http://www.opalesque.com/Commodities_Briefing/?p=144445#comments Mon, 21 Nov 2016 23:16:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144445 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144445>Article Link</a> Investors wrongfooted by second major surprise that prompted a flight from havens. What’s bugging gold? The election as US president of a political neophyte with questionable temperament was supposed to be a sweet moment for gold, perhaps the best-known haven when markets or politics get a little hairy. (more…)

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Gold Prices Plummeting to $1,200: Will Selloff Continue? http://www.opalesque.com/Commodities_Briefing/?p=144443 http://www.opalesque.com/Commodities_Briefing/?p=144443#comments Mon, 21 Nov 2016 23:15:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144443 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144443>Article Link</a> The conventional wisdom had gold prices skyrocketing in the immediate aftermath of the U.S. presidential election, which put Donald Trump into the White House. But that hasn’t been the case, with gold future sliding through November, with two consecutive weekly price declines leading up to November 19. Last week, December gold futures slid by $7.60, to just over $1,200 per ounce - a nine-month low. (more…)

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Gold Reverses Gains Under Pressure From Stronger Dollar http://www.opalesque.com/Commodities_Briefing/?p=144405 http://www.opalesque.com/Commodities_Briefing/?p=144405#comments Thu, 17 Nov 2016 23:27:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144405 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144405>Article Link</a> Gold prices close at a five-month low; Janet Yellen said that a rate increase ‘could well become appropriate relatively soon’. Gold prices closed at a five-month low on Thursday, weighed down by a stronger U.S. dollar and expectations for an interest-rate increase as early as December. (more…)

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Gold has been ‘Trumped’, here are the downside targets http://www.opalesque.com/Commodities_Briefing/?p=144403 http://www.opalesque.com/Commodities_Briefing/?p=144403#comments Thu, 17 Nov 2016 23:27:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144403 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144403>Article Link</a> The US election is not as scary as some gold bugs imagined. After a fall, and rebound rally, the gold price resumed its downtrend. Weeks ago we asked who stole the gold? Now we know the answer. (more…)

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Gold fails to bounce despite talk of ‘Trumpflation’ http://www.opalesque.com/Commodities_Briefing/?p=144402 http://www.opalesque.com/Commodities_Briefing/?p=144402#comments Thu, 17 Nov 2016 23:26:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144402 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144402>Article Link</a> But the precious metal may remain in demand as insurance against potential shocks. Donald Trump was supposed to be good for gold. Not necessarily because his capture of the White House was seen as delivering geopolitical stress. (more…)

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Trump and Modi Take Shine off Gold http://www.opalesque.com/Commodities_Briefing/?p=144381 http://www.opalesque.com/Commodities_Briefing/?p=144381#comments Wed, 16 Nov 2016 23:21:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144381 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144381>Article Link</a> U.S. election result has failed to produce an uncertainty boost, while rupee voiding has chilled key India market. Gold is being let down by India and Donald Trump. Ahead of last week’s U.S. presidential election, investors looking to bet on a victory by Trump bought gold assets on the theory that the resulting policy uncertainty would be a boost for such havens. (more…)

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China needs a bigger hammer to beat down commodity prices: Russell http://www.opalesque.com/Commodities_Briefing/?p=144365 http://www.opalesque.com/Commodities_Briefing/?p=144365#comments Tue, 15 Nov 2016 23:15:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144365 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144365>Article Link</a> China may need a bigger mallet to hammer the nation’s commodity investors and take the wind out of what Beijing believes is a speculative bubble in prices for natural resources. (more…)

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India, not Trump, is the real reason behind the crash in gold prices http://www.opalesque.com/Commodities_Briefing/?p=144329 http://www.opalesque.com/Commodities_Briefing/?p=144329#comments Tue, 15 Nov 2016 00:27:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144329 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144329>Article Link</a> If you have been puzzled about the crash in gold prices after Donald Trump’s election, you are in the company of almost every analyst and media outlet in the western world. Gold and silver are a major part of the research at The Arora Report. (more…)

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Saudi oil minister says OPEC production cut ‘imperative’ http://www.opalesque.com/Commodities_Briefing/?p=144311 http://www.opalesque.com/Commodities_Briefing/?p=144311#comments Mon, 14 Nov 2016 00:21:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144311 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144311>Article Link</a> An agreement between OPEC nations over a cut in oil production is “imperative”, Saudi Arabia’s oil minister said, according to media reports on Sunday. Khaled al-Faleh called on cartel members to stick to the surprise cut deal, reached in Algiers in September, during a meeting with his Algerian counterpart Noureddine Boutarfa on Saturday. (more…)

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Gold Bulls Couldn’t Withstand Trump Win; What Next? http://www.opalesque.com/Commodities_Briefing/?p=144307 http://www.opalesque.com/Commodities_Briefing/?p=144307#comments Mon, 14 Nov 2016 00:19:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144307 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144307>Article Link</a> Heading into the week, expectations were high that a surprise Trump win would be bullish for gold prices; that optimism has been dashed with gold prices ending the week at a five-month low. Although volatility and uncertainty remain extremely high in financial markets, some analysts are expecting to see lower gold prices in the near-term as markets continue to digest President-elect Donald Trump’s fiscal policies. (more…)

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Commodities’ outlook depends on if Trump reality matches rhetoric http://www.opalesque.com/Commodities_Briefing/?p=144297 http://www.opalesque.com/Commodities_Briefing/?p=144297#comments Fri, 11 Nov 2016 00:48:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144297 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144297>Article Link</a> Beyond the short-term volatility as investors become used to the idea of President Donald Trump, the main risk for global commodities is how much of the campaign rhetoric translates into policy reality when the Republican victor moves into the White House. (more…)

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Trump’s Victory And Gold Prices: What Does It Mean For Precious Metals? http://www.opalesque.com/Commodities_Briefing/?p=144287 http://www.opalesque.com/Commodities_Briefing/?p=144287#comments Fri, 11 Nov 2016 00:46:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144287 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144287>Article Link</a> Donald Trump pulled off an upset victory Tuesday for the US Presidency, overcoming Hillary Clinton, who despite recent polls showed that the former Senator had a sizeable lead heading into the election. Yet by the end of the count, it was Trump who captured the required 270+ electoral college votes to win. (more…)

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Dr Doom Marc Faber sees Trump win as boom for commodities and Russian assets http://www.opalesque.com/Commodities_Briefing/?p=144272 http://www.opalesque.com/Commodities_Briefing/?p=144272#comments Wed, 09 Nov 2016 23:19:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144272 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144272>Article Link</a> The foreseeable future under a Donald Trump presidency will prove beneficial for commodities and emerging markets, investor Marc Faber said Wednesday. With huge infrastructure expenditures underway in Asia, “within the stock market … anything that is commodity-related will do well,” Faber, who publishes the Gloom, Boom & Doom Report, told CNBC’s “Squawk on the Street.” (more…)

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What’s Next For Gold After Trump’s Victory? http://www.opalesque.com/Commodities_Briefing/?p=144263 http://www.opalesque.com/Commodities_Briefing/?p=144263#comments Wed, 09 Nov 2016 23:16:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144263 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144263>Article Link</a> Safe-haven gold was losing ground to a big rebound in the U.S. stock market after its strong overnight losses. ‘I wish I could tell you what happens next, but the markets need some time to reflect on the phrase, President Trump,’ said Kitco Metal’s global trading director, Peter Hug on Wednesday. (more…)

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The economic consequences of Donald Trump http://www.opalesque.com/Commodities_Briefing/?p=144252 http://www.opalesque.com/Commodities_Briefing/?p=144252#comments Wed, 09 Nov 2016 23:13:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144252 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144252>Article Link</a> From late January, Donald Trump will have all the authority of the American executive, and the support of a unified Republican Congress, behind him. He will, therefore, be in a position to deliver profound and lasting change. The near-term economic effect of a Trump presidency is perhaps not of foremost concern to vulnerable racial and religious minorities in America, or to nervous Nato allies in eastern Europe. (more…)

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Trump victory would be positive for commodities http://www.opalesque.com/Commodities_Briefing/?p=144249 http://www.opalesque.com/Commodities_Briefing/?p=144249#comments Tue, 08 Nov 2016 23:13:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144249 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144249>Article Link</a> Jeremy Baker, Vontobel Asset Management’s commodity and alternative investment product manager, has said a Donald Trump victory in the US elections would be positive for commodity prices, particularly oil. Trump’s fiscal policy, infrastructure development and his ‘pro-the oil industry’ stance relative to Clinton could cause a rise in commodity prices, Baker said. (more…)

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Trump win in US election could push gold price to $1,400/oz http://www.opalesque.com/Commodities_Briefing/?p=144235 http://www.opalesque.com/Commodities_Briefing/?p=144235#comments Tue, 08 Nov 2016 23:09:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144235 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144235>Article Link</a> A Donald Trump win in the US presidential election – the result is due in a few hours – would be decidedly bullish for gold and could push gold prices to up to $1,400 per oz, analysts said. Hillary Clinton’s policies are also bullish for gold, some noted, but not nearly to the same extent of Trump’s, they said. (more…)

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Why copper is winning votes this election season http://www.opalesque.com/Commodities_Briefing/?p=144213 http://www.opalesque.com/Commodities_Briefing/?p=144213#comments Mon, 07 Nov 2016 23:10:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144213 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144213>Article Link</a> Copper is on a roll — rallying more than 10.5 percent in two weeks. The industrial metal has been having its best winning streak in four years — in the runup to the presidential election, and some analysts believe it could continue to break out. (more…)

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Why gold will be the ‘only clear winner’ among commodities if Trump wins http://www.opalesque.com/Commodities_Briefing/?p=144182 http://www.opalesque.com/Commodities_Briefing/?p=144182#comments Wed, 02 Nov 2016 23:18:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144182 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144182>Article Link</a> An election win by Republican presidential candidate Donald Trump would fuel uncertainty in financial markets, but for commodities, the clear winner would be gold, according to Capital Economics. (more…)

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HSBC: Add $200 to gold price if Trump triumphs http://www.opalesque.com/Commodities_Briefing/?p=144174 http://www.opalesque.com/Commodities_Briefing/?p=144174#comments Wed, 02 Nov 2016 23:15:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144174 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144174>Article Link</a> A Clinton win would be supportive of the gold price, but a Trump triumph could spark as much as a $200 an ounce jump in the price HSBC Chief Precious Metals Analyst James Steel is quoted by Bloomberg as saying adding that the metal could “enjoy at least a 8 percent jump whoever wins the race”: (more…)

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Election 2016: Trump Better for Gold, But For All The Wrong Reasons http://www.opalesque.com/Commodities_Briefing/?p=144150 http://www.opalesque.com/Commodities_Briefing/?p=144150#comments Tue, 01 Nov 2016 23:19:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144150 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144150>Article Link</a> Gold futures are now trading at almost $1,291 an ounce. And HSBC analyst James Steel says the price for the precious metal will rise through 207 no matter who ends up living in the White House. (more…)

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Oil Output Discrepancies Cloud OPEC Deal for Market (Video) http://www.opalesque.com/Commodities_Briefing/?p=144132 http://www.opalesque.com/Commodities_Briefing/?p=144132#comments Tue, 01 Nov 2016 00:35:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144132 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144132>Article Link</a> In today’s “Futures in Focus,” Alan Knuckman of Bulls-Eye Options and Bloomberg’s Alix Steel examine market moves related to OPEC oil output. They speak on “Bloomberg Daybreak: Americas.”. (more…)

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Mobius says gold will gain in 2017 as Fed goes slow on rate increases http://www.opalesque.com/Commodities_Briefing/?p=144131 http://www.opalesque.com/Commodities_Briefing/?p=144131#comments Tue, 01 Nov 2016 00:35:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144131 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144131>Article Link</a> Gold is set to advance by as much as 15 percent before the end of next year as the US Federal Reserve goes slow on increasing interest rates and the dollar remains subdued, buoying bullion demand, according to Templeton Emerging Markets Group. (more…)

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Why aren’t environmentalists supporting a carbon tax in Washington state? http://www.opalesque.com/Commodities_Briefing/?p=144120 http://www.opalesque.com/Commodities_Briefing/?p=144120#comments Tue, 01 Nov 2016 00:32:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144120 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144120>Article Link</a> I used to live in Washington state. I’m no longer registered to vote there, but if I were, I would vote “Yes” on Nov. 8 for the Washington Carbon Emission Tax and Sales Tax Reduction, also known as Initiative 732, or I-732. (more…)

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The cost of the Fed’s scare story on commodities http://www.opalesque.com/Commodities_Briefing/?p=144118 http://www.opalesque.com/Commodities_Briefing/?p=144118#comments Mon, 31 Oct 2016 01:22:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144118 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144118>Article Link</a> John Dizard on the problems of banks not lending to a problematic asset class. Usually physical commodities prices increase at a faster rate towards the end of an economic expansion, and there is evidence that such a move has already begun. We have seen “surprise” increases in shipping rates, natural gas prices, cocoa, coal and iron ore. (more…)

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The price of oil is heading up - should I invest, and how? http://www.opalesque.com/Commodities_Briefing/?p=144117 http://www.opalesque.com/Commodities_Briefing/?p=144117#comments Mon, 31 Oct 2016 01:22:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144117 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144117>Article Link</a> After recovering from its recent lows, the price of oil should continue to rise, in the short term at least, experts say. A trend towards equilibrium in the continuing battle between supply and demand, and a rare agreement between the members of Opec, the oil cartel, are among the reasons. (more…)

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Russia’s Gold Holdings Have Tripled Since 2006 http://www.opalesque.com/Commodities_Briefing/?p=144111 http://www.opalesque.com/Commodities_Briefing/?p=144111#comments Mon, 31 Oct 2016 01:20:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144111 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144111>Article Link</a> With all eyes on Russia’s unveiling their latest nuclear intercontinental ballistic missile (ICBM), which NATO has dubbed the “SATAN” missile, as tensions with the U.S. increase, Moscow’s most potent “weapon” may be something drastically different. (more…)

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Gold firm on strong festive demand in India http://www.opalesque.com/Commodities_Briefing/?p=144072 http://www.opalesque.com/Commodities_Briefing/?p=144072#comments Wed, 26 Oct 2016 22:10:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144072 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144072>Article Link</a> Gold prices stayed firm on Wednesday as stronger physical demand for the precious metal, ahead of India’s late-October festival season, offset a steady U.S. dollar. Demand for bullion is expected to pick up ahead of festivals such as Dhanteras and Diwali, which is also a time when gold is traditionally given as a gift. (more…)

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A Rebound for Industrial Commodities in 2017? (Video) http://www.opalesque.com/Commodities_Briefing/?p=144057 http://www.opalesque.com/Commodities_Briefing/?p=144057#comments Wed, 26 Oct 2016 00:14:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144057 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144057>Article Link</a> Peter Esho, principal at Esho Research, discusses the outlook for commodities, emerging markets stocks and where gold will be by the end of the year. He speaks to Bloomberg’s Yvonne Man and Ramy Inocencio on “Bloomberg Daybreak: Asia.”. (more…)

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Are You Smarter Than The Gold Market? http://www.opalesque.com/Commodities_Briefing/?p=144048 http://www.opalesque.com/Commodities_Briefing/?p=144048#comments Wed, 26 Oct 2016 00:12:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144048 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144048>Article Link</a> “Markets are never wrong – opinions often are” said Jesse Livermore, a legendary American stock trader of the 1920. Trading your opinion can be dangerous to your P/L statement. At the end of the day, the market is always right. Recent gold market action has been choppy and “noisy.” (more…)

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Commodities: Acting As A Crystal Ball For The New Year http://www.opalesque.com/Commodities_Briefing/?p=144037 http://www.opalesque.com/Commodities_Briefing/?p=144037#comments Mon, 24 Oct 2016 22:16:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144037 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144037>Article Link</a> Copper, Aluminum, and Crude Oil have reached at a crossroads and their next moves can dictate where the global economy is headed. Commodities’ next moves can dictate where the global economy is headed. Critical macro releases in the US, Europe, and Japan will shed more light on the dynamics of the global business cycle for Q4. (more…)

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Why gold is glittering this Diwali http://www.opalesque.com/Commodities_Briefing/?p=144028 http://www.opalesque.com/Commodities_Briefing/?p=144028#comments Mon, 24 Oct 2016 22:13:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144028 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144028>Article Link</a> This Diwali may turn out to be one of the best in recent years for jewellers. The mood on the street is buoyant after gold rallied by more than 20 per cent over the past year, although there has been a bit of price correction ahead of the festival season. (more…)

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Copper isn’t the predictor of economic doom that everyone thinks http://www.opalesque.com/Commodities_Briefing/?p=144027 http://www.opalesque.com/Commodities_Briefing/?p=144027#comments Mon, 24 Oct 2016 22:13:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144027 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144027>Article Link</a> Copper is not a good doctor. Investors believe that the metal’s price is a reliable way to gauge the health of the global economy, and have nicknamed it “Dr. Copper” for this reason. Copper is found in things like electrical cables, roofing, and other components of the largest capital projects undertaken anywhere. (more…)

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I buy gold on Dhanteras day http://www.opalesque.com/Commodities_Briefing/?p=144013 http://www.opalesque.com/Commodities_Briefing/?p=144013#comments Mon, 24 Oct 2016 02:33:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144013 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144013>Article Link</a> R Srinivasan, MD, Priyanka Bullion, in Madurai, has been in the bullion dealing business for a long time. The North Indian tradition of buying gold during Dhanteras, as part of Diwali, leads to good business during the festival season. (more…)

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What’s Up With OPEC? http://www.opalesque.com/Commodities_Briefing/?p=143999 http://www.opalesque.com/Commodities_Briefing/?p=143999#comments Thu, 20 Oct 2016 22:16:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143999 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143999>Article Link</a> In 2014, the Organization of Petroleum Exporting Countries (OPEC) declined to reduce oil production in the face of falling prices. Last month, at a meeting in Algiers, OPEC went in the opposite direction, setting out a goal of capping production collectively at 33 million barrels per day. (more…)

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LBMA Attendees See $1,347/Oz Gold In One Year http://www.opalesque.com/Commodities_Briefing/?p=143975 http://www.opalesque.com/Commodities_Briefing/?p=143975#comments Wed, 19 Oct 2016 22:28:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143975 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143975>Article Link</a> Gold will rise to $1,347 an ounce during the next year, according to a poll of attendees after the London Bullion Market Association’s annual conference in Singapore this week. The LBMA asks audience members where they think each of the precious metals will go as of the 2017 LBMA conference, which is scheduled for Oct. 15-17 in Barcelona. (more…)

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Why gold will rise no matter who becomes the next U.S. president http://www.opalesque.com/Commodities_Briefing/?p=143956 http://www.opalesque.com/Commodities_Briefing/?p=143956#comments Tue, 18 Oct 2016 22:17:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143956 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143956>Article Link</a> Gold prices have enjoyed a hefty climb so far this year as the market continues to guess the pace and timing of the next U.S. interest-rate hike, but the battle for the U.S. presidency is set to take center stage as Election Day nears. (more…)

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This is the commodity to play: Gartman http://www.opalesque.com/Commodities_Briefing/?p=143919 http://www.opalesque.com/Commodities_Briefing/?p=143919#comments Sun, 16 Oct 2016 22:25:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143919 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143919>Article Link</a> Investors looking for a buy should still look to gold, even as the U.S. dollar rallies, according to commodities king Dennis Gartman. While the greenback has strengthened in the past week, Gartman and other market watchers argue that bullion is still interesting to watch given its short term trends versus the dollar. (more…)

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Are commodities now a source of value? http://www.opalesque.com/Commodities_Briefing/?p=143878 http://www.opalesque.com/Commodities_Briefing/?p=143878#comments Wed, 12 Oct 2016 22:21:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143878 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143878>Article Link</a> On the macro front the central banks have been doing a good job of incentivising investors to increase their weightings in commodities, notably holdings in hard assets, with gold being the first and prime beneficiary. (more…)

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Gold price savaged by bears but rebound rally can be identified http://www.opalesque.com/Commodities_Briefing/?p=143871 http://www.opalesque.com/Commodities_Briefing/?p=143871#comments Wed, 12 Oct 2016 22:19:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143871 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143871>Article Link</a> Who stole the gold? The yellow metal’s dramatic fall from $1,340 to below $1,260 is a break-and-enter theft on a grand scale. It’s going to take a while to find out who stole these profits from open long positions. But what’s more important is to assess the extent of the damage and the potential for recovery. (more…)

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Here’s What Could Drive Gold to a Record in Next Two Years http://www.opalesque.com/Commodities_Briefing/?p=143867 http://www.opalesque.com/Commodities_Briefing/?p=143867#comments Wed, 12 Oct 2016 22:18:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143867 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143867>Article Link</a> Rising inflation and sagging confidence in the ability of central banks to revive global growth will drive up gold, according to Incrementum AG, which says bullion could climb to a record in the next two years. (more…)

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OPEC could cut output more in Nov if needed: Algerian official http://www.opalesque.com/Commodities_Briefing/?p=143788 http://www.opalesque.com/Commodities_Briefing/?p=143788#comments Thu, 06 Oct 2016 22:45:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143788 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143788>Article Link</a> OPEC could cut production at its late-November meeting in Vienna by another 1 percent more than the amount agreed in Algiers last month if producers reckon it is needed, Algerian Energy Minister Nouredine Bouterfa told local Ennahar TV. (more…)

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Why You Shouldn’t Write Off Silver Just Yet - Veteran Trader http://www.opalesque.com/Commodities_Briefing/?p=143762 http://www.opalesque.com/Commodities_Briefing/?p=143762#comments Wed, 05 Oct 2016 23:28:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143762 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143762>Article Link</a> Although silver is taking a cue from gold this week, falling to levels last seen in June, one veteran trader remains bullish on the metal. ‘I think it’s one of the best hard assets to own. It’s got so many good things going for it. You want to own it and you want to be a buyer of it,’ Todd ‘Bubba’ Horwitz, host of the Bubba Show and founder of BubbaTrading.com said. (more…)

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Commodities are looking good but ‘demand concerns’ are coming http://www.opalesque.com/Commodities_Briefing/?p=143754 http://www.opalesque.com/Commodities_Briefing/?p=143754#comments Wed, 05 Oct 2016 01:57:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143754 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143754>Article Link</a> If there’s been a prevailing theme in markets in recent months, it’s been increased optimism over the outlook for commodity prices, bolstering the view that the nadir seen earlier this year will be just that, the lows in the current cycle. (more…)

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A Compelling Idea Among Commodities http://www.opalesque.com/Commodities_Briefing/?p=143752 http://www.opalesque.com/Commodities_Briefing/?p=143752#comments Wed, 05 Oct 2016 01:57:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143752 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143752>Article Link</a> When it comes to commodities, plenty of investors are familiar with gold and oil, but there are times when other, less heralded commodities outperform bullion and crude. Of course, knowing when a particular commodity will fall out of favor and when it will be a leader is difficult. (more…)

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It looks like gold is going to fall further http://www.opalesque.com/Commodities_Briefing/?p=143742 http://www.opalesque.com/Commodities_Briefing/?p=143742#comments Wed, 05 Oct 2016 01:54:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143742 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143742>Article Link</a> In recent weeks, we have been looking for a breakdown in the JPY. If you read this post from two weeks ago, we outlined equities and bonds which may be the catalyst. Today, we have seen gold break a major support of $1300, which technically is a“bearish wedge” pattern. (more…)

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It looks like gold is going to fall further http://www.opalesque.com/Commodities_Briefing/?p=143743 http://www.opalesque.com/Commodities_Briefing/?p=143743#comments Wed, 05 Oct 2016 01:54:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143743 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143743>Article Link</a> In recent weeks, we have been looking for a breakdown in the JPY. If you read this post from two weeks ago, we outlined equities and bonds which may be the catalyst. Today, we have seen gold break a major support of $1300, which technically is a“bearish wedge” pattern. (more…)

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Here’s Why Gold Could Drop Below $1,000 in 2017 http://www.opalesque.com/Commodities_Briefing/?p=143741 http://www.opalesque.com/Commodities_Briefing/?p=143741#comments Wed, 05 Oct 2016 01:54:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143741 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143741>Article Link</a> Precious metals analyst Taki Tsaklanos presents a very bearish forecast for gold prices through 2017, after which, he says, the metal will re-embark on a massive rally. (more…)

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Where are commodities heading? http://www.opalesque.com/Commodities_Briefing/?p=143732 http://www.opalesque.com/Commodities_Briefing/?p=143732#comments Tue, 04 Oct 2016 00:12:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143732 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143732>Article Link</a> In a year of outperformance by commodities relative to other major asset classes we see the sector retaining gains in most cases amidst prospects for generally improving fundamental balances and stable if unimpressive global growth, write analysts at Deutsche Bank. (more…)

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What Happened to Gold Market Volatility? http://www.opalesque.com/Commodities_Briefing/?p=143725 http://www.opalesque.com/Commodities_Briefing/?p=143725#comments Tue, 04 Oct 2016 00:09:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143725 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143725>Article Link</a> In today’s “Futures in Focus,” Alan Knuckman of Bulls-Eye Options and Bloomberg’s Alix Steel examine the lack of volatility in the gold market. They speak on “Bloomberg ‹GO›.”. (more…)

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Gold Is “Money” Because It Is Plentiful, Not Because It Is Scarce http://www.opalesque.com/Commodities_Briefing/?p=143677 http://www.opalesque.com/Commodities_Briefing/?p=143677#comments Thu, 29 Sep 2016 23:39:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143677 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143677>Article Link</a> Gold, and its brother silver, have always been the basis of money, back to the beginnings of “money,” in the late fourth millennium B.C. Already by 2000 B.C., gold and silver had been “money” for over a thousand years – the entire history of “civilization” on this planet. (more…)

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Which Market Is OPEC Talking Up Exactly? http://www.opalesque.com/Commodities_Briefing/?p=143657 http://www.opalesque.com/Commodities_Briefing/?p=143657#comments Thu, 29 Sep 2016 02:08:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143657 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143657>Article Link</a> Hey, OPEC, you did it, guys! Look: Yay! Oh… News of an apparent OPEC freeze agreement led U.S. E&P stocks to end Wednesday 6 percent higher. Wait, you didn’t want to boost U.S. exploration and production stocks? Huh. Well, you did it anyway. Even better, you did it without technically having really done anything. (more…)

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Whom is gold voting for? A market puzzle http://www.opalesque.com/Commodities_Briefing/?p=143654 http://www.opalesque.com/Commodities_Briefing/?p=143654#comments Thu, 29 Sep 2016 02:07:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143654 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143654>Article Link</a> If Donald Trump manages to win the presidential election, will that be good or bad for gold? This proves to be an interestingly controversial issue, which goes to the multifaceted nature of the precious metal as an investment. (more…)

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Gold Ends Lower On Chart-Based Selling http://www.opalesque.com/Commodities_Briefing/?p=143653 http://www.opalesque.com/Commodities_Briefing/?p=143653#comments Thu, 29 Sep 2016 02:07:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143653 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143653>Article Link</a> Gold prices ended the U.S. day session weaker Wednesday, on mostly technical selling amid a lack of fresh, markets-moving fundamental news on this day. Some U.S. economic data released Wednesday did not significantly impact the metals or other markets. Also, Fed Chair Janet Yellen spoke on banking issues before Congress, but did not address U.S. monetary policy. (more…)

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