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Commodities Briefing - Archive | February, 2010

How economic bubbles have a chain effect

Posted on 26 February 2010 by VRS  |  Email |Print

From Commodityonline.com: Another episode of sovereign defaults seems to be well under way, which prompts the question about just how bad can it get? The above quotation is from a 1933 study of that example of government defaults and as the writer notes, it was preceded by a “new borrowing orgy”.

The word “new” is important because the literature often includes the description “new financial era”. The first one, the South Sea Bubble, culminated in June 1720 and it has essentially been the model for five subsequent ones, including the example that completed in 2007………………………………….Full Article: Source

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Commodity investor demand may wane on economy, Allianz says

Posted on 26 February 2010 by VRS  |  Email |Print

From Businessweek.com: Investment demand for commodities, especially metals, may wane in the next three months because of concerns that the global economic recovery may be slower than expected, according to Allianz Investment Management.

“There could be a lot of unwinding” of bets that raw materials will advance, Nikhil Srinivasan, who oversees about $30 billion of assets as chief investment officer for Asia and the Middle East, said in an interview yesterday. “That will keep them from having a strong year.”…………………………………Full Article: Source

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Global strategist warns of commodity bubble

Posted on 26 February 2010 by VRS  |  Email |Print

From Fundstrategy.co.uk: A bubble on the scale of the technology sector in 2000 is emerging in the commodities sector, says Ian Harnett, the managing director of European strategy at Absolute Strategy Research.
“There will be a tech bubble replay but this time played out in the commodities space,” he says. This will pave the way for alternative energy and green technology stocks to outperform, he adds, especially in Europe where there are some interesting investment ideas in the sector………………………………….Full Article: Source

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Brazil to profit in 2010 from its strength in commodities and energy

Posted on 26 February 2010 by VRS  |  Email |Print

From Brazzilmag.com: Good news for Brazil and its neighbors in Latin America that rely on agriculture and oil exports. A report released this week in Mexico by the inter American Development Bank, (IDB) forecasts a good year for LatAm countries exports of commodities and energy but a slower recovery for Central America and the Caribbean more dependent on tourism and remittances.

The report requested by Mexico was made public during the recent Rio Group summit in Playa del Carmen, assesses challenges and opportunities for Latin America in the current global climate, underlining the response of some of the region’s countries to the international slowdown, considered the worst in seven decades, but the situation is also positive “since the worst of the international crisis is behind.”…………………………………Full Article: Source

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Sempra prefers selling rest of commodities JV with RBS

Posted on 26 February 2010 by VRS  |  Email |Print

From Dow Jones: Sempra Energy (SRE) plans to sell the rest of its share of the commodities trading joint venture it owns with Royal Bank of Scotland (RBS), Sempra executives said Thursday.

The San Diego-based utility holding company told regulators Friday that it and RBS would hire investment bankers at Lazard (LAZ) to help sell their North American commodities joint venture as the companies proceeded with the $1.7 billion sale of another part of the joint venture………………………………….Full Article: Source

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India commodity market hopes for entry of banks, funds

Posted on 26 February 2010 by VRS  |  Email |Print

From Reuters: Indian commodity market players are seeking entry of banks, funds and foreign brokers in the futures market in the forthcoming federal budget, but analysts fear spiralling food prices may hinder policy moves.

“Banks and fund’s entry will push volumes up exponentially giving them increased opportunity as an asset class,” said Gnanasekar Thiagarajan, director, Commtendz Research………………………………….Full Article: Source

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Strong start to 2010 gold demand in China, India - WGC

Posted on 26 February 2010 by VRS  |  Email |Print

From Mineweb.com: Gold demand by the world’s top two consumers has started strong in 2010, with India’s jewellery industry buying regularly and tighter monetary policy in China not affecting purchases, the World Gold Council said on Thursday.

Gold XAU accounted for 42 percent of global demand between the October 2008 and September 2009 period of the financial crisis, up from 26 percent the year before, while jewellery demand, a normal mainstay, weakened, the London-based WGC said………………………………….Full Article: Source

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India 10th largest gold-holding country: Survey

Posted on 26 February 2010 by VRS  |  Email |Print

From Ndtv.com: From a nation that pledged its bullion two decades ago to pay for imports, 2009-10 saw India becoming the world’s 10th largest gold-holding country, the Economic Survey noted.
The government’s purchase of 200 tonnes of gold from the International Monetary Fund took its total reserves to 557.7 tonnes, or about 6 per cent of total foreign exchange reserves………………………………….Full Article: Source

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Will India buy IMF gold again?

Posted on 26 February 2010 by VRS  |  Email |Print

From Commodityonline.com: Will India do it again? That is the question being asked by investors and bullion market analysts now. After India’s surprise buying of 200 tonnes of IMF gold in November last year, now several news agency reports said that India is another potential candidate to buy more gold from the International Monetary Fund when it begins selling 191.3 tonnes of the precious metal.

The uncertain outlook for two of the world’s major reserve currencies — the dollar and euro — provides a spur for central banks, including the Reserve Bank of India, to buy gold………………………………….Full Article: Source

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Will she won’t she? - China’s gold dance

Posted on 26 February 2010 by VRS  |  Email |Print

From Mineweb.com: No sooner had most Western pundits come to the conclusion that China was unlikely to buy the IMF’s remaining 191.3 tonnes of gold for sale, with reports in China Daily lending support to this interpretation of Chinese buying policy, than the Russians in the form of Pravda published an article saying that China was in talks with the IMF to relieve that august body of this bullion which is obviously burning a hole in its pockets.

The Pravda report quoted the FinMarket news agency as saying that Chinese officials have confirmed the nation will buy the IMF gold - this immediately follows reports from other Chinese officials that it won’t buy the IMF gold………………………………….Full Article: Source

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Base metals to rally this year on funds

Posted on 26 February 2010 by VRS  |  Email |Print

From People.com.cn: Base metals will rally this year as funds are set to maintain their buy-side bias, while strong Chinese growth will overshadow lackluster growth in mature economies, according to Natixis.

The investment bank said in a report this week metals continue to gain acceptance as an asset class, are increasingly used by funds to diversify their portfolios, and are seen as a play on China and on global economic recovery………………………………….Full Article: Source

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US consumer confidence on base metals fall

Posted on 26 February 2010 by VRS  |  Email |Print

From Commodityonline.com: A very poor US consumer confidence figure was the catalyst for a sharp sell-off in the base metals on Tuesday afternoon. The metals stabilized late-on, however after a brief respite period, that weakness has spilled over into Wednesday.

The only exception this morning has been aluminium, which has stood its ground and traded sideways, though the other metals are also starting to find their feet after succumbing to technical selling this morning………………………………….Full Article: Source

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Iron ore traders eye big prize

Posted on 26 February 2010 by VRS  |  Email |Print

From People.com.cn: The iron ore market is worth about $200 billion a year, second only to crude oil, according to Credit Suisse Group AG. The swap market may grow 10-fold to 360 million metric tons annually over the next two years, said Phillip Killicoat, an iron-ore dealer at the bank in London.

Such an expansion would be a vindication for the pioneers in a market that only began in May 2008. Ray Key, global head of metal trading at Deutsche Bank AG and Kamal Naqvi, Credit Suisse’s global head of investor sales, began offering swaps at the instigation of BHP Billiton Ltd, the world’s largest mining company, which was dissatisfied with the way iron ore is priced………………………………….Full Article: Source

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OPEC output reaches 14-month high on Saudi gain, survey shows

Posted on 26 February 2010 by VRS  |  Email |Print

From Businessweek.com: Output rose 125,000 barrels a day, or 0.4 percent, to an average 29.17 million barrels a day, the highest level since December 2008, according to the survey of oil companies, producers and analysts. The January production total was revised 45,000 barrels a day higher.

OPEC cut its production quotas by 4.2 million barrels to 24.845 million barrels a day beginning in January 2009 as fuel demand tumbled during the worst global recession since World War II………………………………….Full Article: Source

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Australia’s revised renewable energy target scheme

Posted on 26 February 2010 by VRS  |  Email |Print

From Reuters: Australia has a set a target of 20 percent renewable energy generation by 2020 to help curb the growth in planet-warming carbon dioxide emissions and trim the nation’s reliance on coal and gas for power generation.

The renewable energy target (RET) scheme rewards investors with renewable energy certificates, or RECs, that can be sold to a ready market of buyers to offset the cost of the investment………………………………….Full Article: Source

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Pound slides against dollar on UK economic worries

Posted on 26 February 2010 by VRS  |  Email |Print

From BBC: The pound has fallen to a nine-month low against the dollar with fears over the strength of the UK economy largely blamed for the slide.

Sterling fell 1.4 cents to $1.5261, the weakest since May 2009, and also dropped back against the euro………………………………….Full Article: Source

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Biggest loser: Pound, not Euro

Posted on 26 February 2010 by VRS  |  Email |Print

From WSJ: Sterling overtook the euro as the main loser against the dollar among the major currencies as economic troubles and political uncertainty prompt investors to take big bets against the pound.

On Thursday, sterling fell below the $1.5300 level for the first time in nine months, ending trade in New York at $1.5271. So far this year, the pound has lost 5.5% against the dollar, outpacing the euro’s 5.3% loss………………………………….Full Article: Source

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Free yuan without the fuss

Posted on 26 February 2010 by VRS  |  Email |Print

From Japantimes.co.jp: Tensions in U.S.-China relations have been rising recently. Trade spats, alleged Chinese hacking attacks, differences over Internet freedom standards, U.S. arms sales to Taiwan and the meeting between President Barack Obama and the Dalai Lama are all souring the world’s most important bilateral relationship.
An old and especially intractable issue is now being added to this long list: the management of China’s currency, the yuan or renminbi………………………………….Full Article: Source

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Pressure on yuan rise ‘not justified’

Posted on 26 February 2010 by VRS  |  Email |Print

From Chinadaily.com.cn: China’s trade surplus has shrunk significantly in recent months, so calls by other countries to let the renminbi appreciate are not justified, the Ministry of Commerce said Thursday.

The surplus will continue to diminish in the next few months, the ministry said; and therefore, growing pressure from the United States for China to revalue its currency is becoming “more and more groundless”………………………………….Full Article: Source

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Five ETFs for a tumbling Euro

Posted on 26 February 2010 by VRS  |  Email |Print

From Etfdb.com: With continued worries over budget crises in the “PIIGS” (Portugal, Italy, Ireland, Greece, and Spain) and their rapidly deteriorating fiscal conditions, the future of the euro zone’s common currency has been called into question.
Most of attention has focused on Greece, where double digit budget deficits threaten to grind the government to a halt and spread throughout the region. While some are pushing for a Greek bailout, others worry about the signal this action might send to other troubled economies across the Mediterranean………………………………….Full Article: Source

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Schroders stops taking new clients for three commodity funds

Posted on 26 February 2010 by VRS  |  Email |Print

From Businessweek.com: Schroders Plc, the U.K.’s second- largest publicly traded money manager, stopped taking new clients for three of its four long-only commodity funds to limit overall assets to $10 billion.

The three funds are the Luxembourg-domiciled Schroder Alternative Solutions Commodity Fund, its U.S. equivalent and SAS Agriculture, Robert Howell, London-based head of commodities, said today by phone. Their combined assets have risen 60 percent to $9.8 billion since the end of 2007, he said………………………………….Full Article: Source

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Congress to act on swaps this year-CFTC’s O’Malia

Posted on 26 February 2010 by VRS  |  Email |Print

From Reuters: The U.S. Congress is likely to pass a regulatory reform bill in 2010 that would include giving the top U.S. futures watchdog greater authority to regulate over-the-counter swaps, a commissioner at the Commodity Futures Trading Commission said on Thursday.

More transparency and rules for the unregulated U.S. over-the-counter derivatives markets — valued at some $300 trillion — are vital to creating a more stable financial system, said Scott O’Malia, who was confirmed as a CFTC commissioner last October………………………………….Full Press Release: Source

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Indian commexes turnover surges 51pct

Posted on 26 February 2010 by VRS  |  Email |Print

From Financialexpress.com: Turnover of 23 commodity bourses surged by 51% to Rs 66.24 lakh crore till February 15 this fiscal underpinned by agricultural and other goods, the commodities market regulator Forward Markets Commission (FMC) said on Thursday.

The turnover had stood at Rs 43.93 lakh crore in the corresponding period last year, it said. According to the FMC, higher turnover has come from increased trade in agricultural and other goods after the government removed the suspension on five out of eight commodities. The ban on chana, soya oil, rubber, potato futures was lifted in December 2008, while on wheat was lifted in May last year………………………………….Full Article: Source

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Commodities mixed on Euro debt, economic reports

Posted on 26 February 2010 by VRS  |  Email |Print

From Nytimes.com: Prices for commodities closed mixed Thursday as investors contended with worries about the global economy.

Energy prices tumbled because of concerns that a slow recovery would hurt demand, while gold rallied on worries about European debt problems………………………………….Full Article: Source

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Asia emerges from global slump in trade, but West lags far behind

Posted on 25 February 2010 by VRS  |  Email |Print

From Timesonline.co.uk: World trade is beginning to recover after a devastating slump in 2009, the World Trade Organisation said, but the pick-up in the movement of goods is happening in Asia. Europe and North America are lagging far behind.

Global trade shrank by 12 per cent last year, Pascal Lamy, the WTO’s director-general, said. This is two percentage points worse than the organisation had forecast…………………………………..Full Article: Source

Rate of global recovery is uncertain, says OPEC

Posted on 25 February 2010 by VRS  |  Email |Print

From 234next.com: The recovery of the world economy from its financial downturn, which had earlier been forecast to grow by 3.4 per cent in 2010 after a contraction of 0.9 per cent last year, now remains uncertain, the Organisation of the Petroleum Exporting Countries (OPEC) has said.

OPEC, in its Oil Market Report, February 2010, stated that the global recovery is proceeding apace, led by manufacturing, but “the strength of the upturn in 2010 is still uncertain and regionally uneven.”………………………………….Full Article: Source

Ulrich adopts cautious tone on China growth

Posted on 25 February 2010 by VRS  |  Email |Print

From Asiamoney.com: In contrast to her stance a year ago, J.P. Morgan’s chairman of China equities and commodities Jing Ulrich admits she is cautious about China’s growth prospects because of likely monetary tightening and a ‘monumental’ property bubble.

Exactly a year ago, renowned China watcher Jing Ulrich was delivering a speech at the Foreign Correspondents’ Club in Hong Kong, telling everyone why she was bullish on China growth amidst the uncertainty of the global financial crisis…………………………………..Full Article: Source

India joins the global search for commodities

Posted on 25 February 2010 by VRS  |  Email |Print

From Seekingalpha.com: A few weeks ago we noted that the world’s largest coal producer, Coal India, was on the hunt for global assets to expand its reach. It appears this is now part of a broader national strategy mimicking what China has been doing the past half decade-plus.
If you have any Malthusian bones in your body, you have to wonder - as certain countries waste all their national treasure on bailing out banks, financing the lifestyles of those who refuse to save for themselves and funding pet projects of their politicians, while others are attempting to snatch up as many long-lived assets across the globe as possible - what the long term implications will be…………………………………..Full Article: Source

Monson: best of commodity bull market is over

Posted on 25 February 2010 by VRS  |  Email |Print

From Citywire.co.uk: Guy Monson, the chief investment officer at Sarasin & Partners, has said energy commodities have enjoyed their day in the sun and are now structurally much less appealing to investors.

Monson said the best of the bull market in commodities was ‘largely over’ because of a build up in spare capacity in a number of resources following the drastic economic slowdown seen around the world…………………………………..Full Article: Source

Once again, IMF to decide gold’s fate!

Posted on 25 February 2010 by VRS  |  Email |Print

From Commodityonline.com: Again, the bullion market is abuzz with talks that the International Monetary Fund (IMF) is ready to offload its 191 tonnes of gold in the market. This means the IMF will sell its gold to one of the official holders of the metal after considering bids by all interested parties.

When the IMF did a sale of this kind in October last year, the gold market saw a flurry of activities and the prices soared to new heights. Gold struck a record high rising above $1,178 an ounce in November last year following the IMF sale of 200 tonne gold to India’s Reserve Bank…………………………………..Full Article: Source

India seen as potential buyer for IMF gold

Posted on 25 February 2010 by VRS  |  Email |Print

From Globeinvestor.com: India’s central bank, the Reserve Bank of India (RBI), which has increased its gold holdings to diversify its reserves, looks set to be a buyer again when the International Monetary Fund begins selling 191.3 tonnes of the precious metal amid volatility in major currencies.

The uncertain outlook for two of the world’s major reserve currencies – the U.S. dollar and euro – provides a spur for central banks, including India’s, to buy gold. India’s gold holdings lag those of major economies despite a big purchase in October…………………………………..Full Article: Source

Gold: Long-term fundamentals remain promising

Posted on 25 February 2010 by VRS  |  Email |Print

From Theaureport.com: “Gold’s positive fundamentals, the high level of investor interest in key geographic markets and global monetary economic developments promise to push the yellow metal much higher,” according to Jeffrey Nichols, managing director of American Precious Metals Advisors.
Regardless of the near-term prospects for gold, the long-term fundamentals promise substantial appreciation later this year and beyond. We remain firm in our conviction that gold prices will touch or surpass $1,500 in 2010— and continue to move higher in subsequent years…………………………………..Full Article: Source

BMO digs deeper into silver as production and demand constrain physical market

Posted on 25 February 2010 by VRS  |  Email |Print

From Mineweb.com: BMO Capital Markets predicts silver will average $20 per ounce this year and next, and is expected to decline to $15/oz in 2012.

The analysts of BMO Research said they expect “stronger demand and lackluster supply growth to constrain the physical market and maintain silver as an outperformer for the next three years.”………………………………….Full Article: Source

Copper to fall into deficit in 2010 and other base metals strong too

Posted on 25 February 2010 by VRS  |  Email |Print

From Mineweb.com: Base metals will rally this year as funds are set to maintain their buy-side bias, while strong Chinese growth will overshadow lacklustre growth in mature economies, according to Natixis.

The investment bank said in a report this week metals continue to gain acceptance as an asset class, are increasingly used by funds to diversify their portfolios, and are seen as a play on China and on global economic recovery…………………………………..Full Article: Source

China copper imports drop as bonded inventories fall

Posted on 25 February 2010 by VRS  |  Email |Print

From Bloomberg: Copper imports by China, the world’s largest consumer, fell for the first time in three months in January as domestic supplies improved and seasonal demand slowed.

Inbound shipments of refined copper were 196,926 metric tons last month, the Beijing-based customs office said today. That’s 19 percent less than December and 9 percent more than the same period in 2009, according to data compiled by Bloomberg…………………………………..Full Article: Source

Fundamentals turn favourable for base metals

Posted on 25 February 2010 by VRS  |  Email |Print

From Business-standard.com: The fundamentals are gradually turning favourable for base metals, especially with major demand emerging in Asian countries led by China, followed by India.
With the economies of the two leading drivers of base metal consumption showing healthy growth, base metal demand is likely to increase with the infrastructure-centric approaches of the two governments…………………………………..Full Article: Source

The next resource conflict to be about rare earths

Posted on 25 February 2010 by VRS  |  Email |Print

From Commodityonline.com: The next resource conflict could be about minerals and rare earth elements needed to fuel the green economy, as China, which supplies most of the minerals, is considering limiting exports.

There is great hope for a green boom to transform the CO2-heavy world economy into one that is less dependent on fossil fuels and more sustainable. Experts envision solar panels and wind turbines to produce clean power and heat and electric cars to cruise tomorrow’s roads…………………………………..Full Article: Source

Argentina appeals to UN over Falklands oil drilling

Posted on 25 February 2010 by VRS  |  Email |Print

From Guardian: Argentina last night intensified its diplomatic offensive against Britain’s oil exploration off the Falkland Islands by taking the case to the United Nations.

The Argentinian foreign minister, Jorge Taiana, spelled out Buenos Aires’s demands in a meeting in New York with the UN secretary general, Ban Ki-moon, just a day after mobilising Latin American and Caribbean support…………………………………..Full Article: Source

Romania bans OTC emissions trading to combat fraud

Posted on 25 February 2010 by VRS  |  Email |Print

From Risk.net: Romanian authorities have banned European Union carbon emissions allowances (EUA) in the over-the-counter derivatives market to prevent EUA tax fraud, after ruling that these contracts are now classed as equity securities and therefore can only be bought and sold on an exchange.

The National Securities Commission (CNVM), Romania’s securities regulator announced that foreign traders of EUAs will now need to comply with the provisions of the Romanian capital market legislation and will therefore need to join an exchange…………………………………..Full Article: Source

Indian CDM market on shaky ground

Posted on 25 February 2010 by VRS  |  Email |Print

From Risk.net: India’s position as one of the leading markets for Clean Development Mechanism (CDM) projects is currently on shaky ground, say market experts.
Both the lack of clarity to emerge from global climate change talks in Copenhagen last year and the increasing attractiveness of domestic government incentive schemes are deterring investment in CDM in India…………………………………..Full Article: Source

Commodity currencies lose ground

Posted on 25 February 2010 by VRS  |  Email |Print

From Theglobeandmail.com: Some days it looks like financial markets are about the give up on the prospects of global recovery. On the trading floor, it’s called the risk aversion trade - a bet that it’s better to be safe than sorry in case things get worse again before they get better.

Yesterday’s swoon in equities reflected a drop in commodity prices, since a faltering recovery won’t need nearly as much oil, but U.S. Treasury prices and the greenback climbed higher as investors looked for safety…………………………………..Full Article: Source

Stronger yuan seen in the cards this year

Posted on 25 February 2010 by VRS  |  Email |Print

From Theglobeandmail.com: China is sending out signals that it will revalue its currency amid fears of brewing inflation, growing confidence in its economic prospects and intensifying pressure from the U.S. and other major trading partners.

Many analysts say it is a matter of when, not if, China allows the yuan to appreciate. But they are divided on precisely when the Chinese will make their move, how substantial it will be and whether it will take the form of a one-shot hike or a series of small steps…………………………………..Full Article: Source

The downside of a single currency

Posted on 25 February 2010 by VRS  |  Email |Print

From Themoscowtimes.com: Greece has been causing a major headache for the world’s economists during the past two months. That country’s debt totals 113 percent of its gross domestic product (not a world record, but very high), and it has at least a 13 percent budget deficit.

There are three ways to finance such a deficit: increase budget income (the government doesn’t know how to do this), significantly reduce spending (which is politically impossible) or borrow money on the market (where there are few interested parties, even among those European Union partners who promised to help bail out the country)…………………………………..Full Article: Source

ETF trading methods: A guide

Posted on 25 February 2010 by VRS  |  Email |Print

From Futuresmag.com: The exchange-traded fund (ETF) was introduced into the market in 1993 by State Street Global Advisors and developed by the American Stock Exchange. These financial instruments quickly have become one of the best kept secrets among high-performing traders in recent years.

The individual trader who uses ETFs for trading opportunities has access to a vast market of tradable securities. These include vehicles that reflect baskets of stocks, currencies, metals, commodities while avoiding the volatility of the individual underlying issues…………………………………..Full Article: Source

ETF Securities to expand Europe’s first and world’s largest exchange traded currency platform

Posted on 25 February 2010 by VRS  |  Email |Print

From Mondovisione.com: ETF Securities (ETFS), the global pioneer in Exchange Traded Commodities (Commodity ETCs) and 3rd generation Exchange Traded Funds (ETFs) is planning to expand the world’s largest and Europe’s first Exchange Traded Currency (Currency ETCs) platform with the launch of 10 new Euro-based Currency ETCs on the Deutsche Börse (Xetra) in the coming weeks.

The upcoming listing of 10 new Euro-based Currency ETCs on the Deutsche Borse adds to ETF Securities’ commitment to the German market…………………………………..Full Article: Source

A guide to commodity options trading strategies

Posted on 25 February 2010 by VRS  |  Email |Print

From Beforeitsnews.com: A coherent commodity options trading strategy makes all the difference between the dabblers and the folks who bank consistent, repeatable profits no matter which way the markets headed.
Thats because a well-defined strategy doesnt just help smart traders identify which trades to take, it also provides guidance when things dont go as planned…………………………………..Full Article: Source

Fundamentals do not support high prices (Video)

Posted on 25 February 2010 by VRS  |  Email |Print

From Cnbc.com: Matt Zeman, trader at LaSalle Futures Group says fundamentals do not support commodities and prices will struggle to move higher once monetary stimulus runs out. He speaks to Greg Canavan, editor at Sound Money-Sound Investments and CNBC’s Amanda Drury and Sri Jegarajah.………………………………….Full Article: Source

Commodities offer a buffet of investing options

Posted on 24 February 2010 by VRS  |  Email |Print

From Marketwatch.com: The signs of concern are everywhere, from food riots in some nations, to empty tractor showrooms in the U.S. heartland, to sticker shock in the aisles of local grocery stores. Demand for agricultural items is outstripping supply.

Along with that concern, as always, comes opportunity for investors. While there’s talk of a commodities bubble, which will eventually bring down the highflying sector just like tech stocks and mortgages before them, true believers have many ways to invest in the boom…………………………………Full Article: Source

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Energy ETFs: The tracking problem

Posted on 24 February 2010 by VRS  |  Email |Print

From Hardassetsinvestor.com: For the average investor, the commodities markets can be daunting. Many investors don’t possess the capital and/or risk tolerance necessary to invest directly in the futures markets.
Further, although the number of online brokerages that offer futures trading is growing, for the most part, buying or selling commodity futures requires setting up a special account, which, for many retail investors, may be more trouble than it’s worth…………………………………Full Article: Source

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Japan eyes commodity boom as home-grown ETFs launch

Posted on 24 February 2010 by VRS  |  Email |Print

From Reuters: A trickle of recently-launched commodity-linked funds in Japan is set to swell in coming years as stodgy savers, pension funds and regional banks search for higher returns beyond the usual mix of bonds and equities.

Money managers looking to offer more commodity asset products to customers are eyeing a share of an estimated $20 trillion pool of investment funds — or 1.5 times U.S. GDP — held by retail investors, life insurers and corporate pension funds…………………………………Full Article: Source

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