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Commodities Briefing - Archive | August, 2010

India: Govt caps national commodity bourses at eight

Posted on 31 August 2010 by VRS  |  Email |Print

From Indiatimes.com: The ministry of consumer affairs, which frames policy for the commodity futures market, has decided to cap the number of national level exchanges at eight. The decision has been taken in consultation with Forward Markets Commission (FMC), which is overseen by the ministry. FMC regulates trading on four national commodity bourses and 17 regional ones.
Accordingly, the third greenfield exchange proposed to be set up by Gontermann Peipers (India), which has been promoted by Pramod Mittal of the Ispat group, is the last one after which FMC will not accept any new applications to set up exchanges, according to BC Khatua, chairman, FMC……………………………………….Full Article: Source

US CFTC to step up release of large trader data

Posted on 31 August 2010 by VRS  |  Email |Print

From Reuters: The Commodity Futures Trading Commission said it would begin releasing data on index investing by large funds and swap dealers on a monthly basis, starting on Tuesday — a stepped-up schedule from the quarterly release in place since September 2009.
The futures regulator has been working to boost transparency in markets since index funds, pension funds, hedge funds, mutual funds and exchange-traded funds became larger players in commodity markets……………………………………….Full Article: Source

A new US oil rush could rock OPEC

Posted on 31 August 2010 by VRS  |  Email |Print

From Thenational.ae: It contains hundreds of billions of barrels of light crude oil and thousands of wells and should be scaring the pants off any oil exporter needing high crude prices to balance its budget.
It is the Bakken Shale oilfield, which sprawls across two Canadian prairie provinces and two western US states including North Dakota, under 500,000 square kilometres of land……………………………………….Full Article: Source

OPEC oil output fell on Iraqi Bombing, Survey

Posted on 31 August 2010 by VRS  |  Email |Print

From Arabianbusiness.com: The Organization of Petroleum Exporting Countries’ crude oil output fell in August to a seven month low, led by Iraq, where production was hobbled by a pipeline bombing, a Bloomberg News survey showed.
Production slipped 75,000 barrels, or 0.3 percent, to an average 29.15 million barrels a day, the lowest level since January, according to the survey. Output by members with quotas, all except Iraq, dropped 5,000 barrels to 26.805 million, 1.96 million above their target……………………………………….Full Article: Source

Gold: Is it really a safe haven?

Posted on 31 August 2010 by VRS  |  Email |Print

From Telegraph: Talking about house prices is so Nineties; buying and selling gold is the fashionable dinner-party topic for today’s recessionistas. Since the credit crunch began to bite, it seems as though the shiny stuff is everywhere you look. You can buy bars of it in Harrods, and even host a Tupperware-style party to sell your unwanted earrings.
The reason for the excitement is that, when all else seems uncertain, gold begins to look very safe……………………………………….Full Article: Source

Silver is hot, hot, hot

Posted on 31 August 2010 by VRS  |  Email |Print

From Resourceinvestor.com: Those who followed my advice to watch silver should by now have the precious coins raining down upon them. Since then, the precious white metal has jumped 8% to $19.30, just pennies short of a multiyear high, compared to a more pedestrian 4% move by gold (GLD). It is thus fulfilling my prediction that it would outperform the barbaric relic by 2:1 on the upside.
The action has spilled over into the miners, with Coeur D Alene Mines (CDE) rocketing by 19% in two weeks, while Silver Wheaton (SLW) is up 14% and Hecla Mining (HL) has tacked on an impressive 16%……………………………………….Full Article: Source

New commodity ETF touts academic pedigree

Posted on 31 August 2010 by VRS  |  Email |Print

From Dow Jones: A new commodity exchange-traded fund carries an endorsement from a high-profile name from academia. But its complex mechanics and scanty track record means potential buyers will want to study it very carefully.
Commodities have been taking a role in more portfolios as investors come to believe that a sliver of exposure to assets like gold and oil can smooth out investment returns……………………………………….Full Article: Source

India gold ETF assets may surge 17 times, fund says

Posted on 31 August 2010 by VRS  |  Email |Print

From Bloomberg: Gold held by exchange-traded funds in India, the world’s biggest buyer of bullion, may surge as much as 17 times in the next three years as investors seek a refuge from financial turmoil and inflation.
Assets may reach “100 tons to 200 metric tons” from 12 tons now, said Rajan Mehta, executive director of Benchmark Asset Management Co., which runs the nation’s first and biggest gold exchange-traded fund. “The growth will definitely be faster than what we have seen in the past.”………………………………………Full Article: Source

ETF gold demand outshines jewelry

Posted on 31 August 2010 by VRS  |  Email |Print

From Hardassetsinvestor.com: Last week, the World Gold Council launched its quarterly Gold Demand Trends report, and it had lots of lovely statistics to ponder as it surveyed what the gold market looked like for the second quarter of 2010. So first off: Who wants gold? Everyone, it seems—particularly investors.
Total gold demand was up 36 percent from this time last year, with gains seen in electronics, physical investment and ETFs. Demand from the jewelry and dentistry sector declined, however, 5 percent and 6 percent, respectively:………………………………………Full Article: Source

Investors shunning the natural gas ETF: Here’s why

Posted on 31 August 2010 by VRS  |  Email |Print

From Seekingalpha.com: The natural gas-related ETF has hit a new low, trading downward as a result of rolling futures contracts. Pessimistic traders are dumping the commodity in favor of shorting natural gas.
United States Natural Gas (UNG) has been trading lower and lower since the mid 2008 as the fund keeps getting hit by contango in its front month rolls, remarks John Spence for MarketWatch. The fund is down more than 20% so far this month, and it recently touched a new record low of $6.50 per share……………………………………….Full Article: Source

Bank of Japan fails to cool rising yen

Posted on 31 August 2010 by VRS  |  Email |Print

From Theglobeandmail.com: Japan sought to rescue its flagging economy with a package of stimulus measures, but the move failed to achieve its No. 1 objective: to cool the rising yen that threatens to cause havoc in its crucial export sector.
The world’s third-largest economy has been stuck in neutral or reverse for much of the past two decades, yet its currency has recently soared to heights last reached 15 years ago, as worries mount over the increasingly fragile U.S. and global recoveries……………………………………….Full Article: Source

Mantega says ‘favorable’ Brazil currency won’t last

Posted on 31 August 2010 by VRS  |  Email |Print

From Bloomberg: Brazilian Finance Minister Guido Mantega said foreign-based companies operating in Brazil should consider sending some profits home as the exchange rate is unlikely to remain as favorable as it is now.
“This exchange rate won’t remain so favorable for companies that repatriate profits and dividends to their headquarters,” Mantega said today at an event in Sao Paulo. “We cannot facilitate the appreciation of the currency.”………………………………………Full Article: Source

POSCO closes 2.8 bln dollar deal for trading firm

Posted on 31 August 2010 by VRS  |  Email |Print

From AFP: South Korea’s top steelmaker POSCO signed a final deal Monday to buy a 68 percent stake in trading and energy firm Daewoo International for 3.37 trillion won (2.83 billion dollars), officials said.
The purchase is seen as helping POSCO, the world’s fourth largest steel firm, to secure a steady supply of raw materials and develop new revenue streams……………………………………….Full Article: Source

UN climate panel ordered to make fundamental reforms

Posted on 31 August 2010 by VRS  |  Email |Print

From AFP: An international review panel on Monday called on the UN global climate change body to carry out fundamental reforms after embarrassing errors in a landmark report dented its credibility.
The Nobel Peace Prize-winning Intergovernmental Panel on Climate Change (IPCC) was caught in an international storm after it admitted its landmark 2007 report exaggerated the speed at which Himalayas glaciers were melting……………………………………….Full Article: Source

Commodities wrap: M&A is that enough?

Posted on 31 August 2010 by VRS  |  Email |Print

From Greenfaucet.com : Mergers and Acquisitions are heating up but that alone does not signal an all clear in my opinion. To see continued upside follow thru in Crude the first hurdle we need to overcome is $75.85 in the October contract; the 38.2% Fibonacci retracement level.
From current levels we anticipate a 5-8% appreciation in the coming weeks. We expect a move as such in Crude to lift the distillates 12-15 cents lifting prices back over $2/gallon. Talk of increased hurricane activity lifted natural gas prices today……………………………………….Full Article: Source

Doomsday scenario: Food prices to shoot through the roof

Posted on 31 August 2010 by VRS  |  Email |Print

From Pravda.ru: The worst weather on record coupled with the practice of speculation in the commodities markets are set to send food prices skyrocketing, bringing misery and starvation to large swathes of the world’s population. Are we set to see food riots this winter?
In the USA, Walmart has already announced a price hike of 5.8% on average for a 31-item basic basket for this Autumn. The long-term rise, however, is far more frightening, with the UNO predicting an increase of 60 per cent by 2030……………………………………….Full Article: Source

Soybeans fall on speculation global supplies will exceed demand

Posted on 31 August 2010 by VRS  |  Email |Print

From Bloomberg: Soybeans fell for the first time in four sessions on speculation that inventories available to makers of animal feed and cooking oil remain adequate.
World inventories on Oct. 1, before this year’s U.S. harvest, will rise 44 percent to a record 63.52 million metric tons, the U.S. Department of Agriculture estimates……………………………………….Full Article: Source

Commodity surge indicates investor confidence

Posted on 31 August 2010 by VRS  |  Email |Print

From Investmentadvisor.com: Investors are piling into commodities stocks, driving up the Standard & Poor’s 500 Materials Index 10%, BusinessWeek reported Thursday, Aug. 26. The magazine cited data from Bloomberg that shows stock prices in the materials index increased an average 17.4 times annual profits.
The Thomson Reuters/Jefferies CRB Index, which tracks the global commodities markets, has gained 3.6% since the end of June, BusinessWeek reported. The increase was driven by wheat, which rose 42%. Bloomberg data show copper and cotton rose 12%……………………………………….Full Article: Source

Key commodity prices set to spike, warn analysts

Posted on 30 August 2010 by VRS  |  Email |Print

Charles WhallFrom Asianinvestor.net: Banks and fund managers forecast continuing growth in demand for natural gas and oil and a supply crisis in iron ore, copper and coal, leading to sharp price rises in those commodities.

Analysts cite a combination of reasons for their outlook. One is that there will be supply issues for raw materials due to a fallout from the 2008 financial crisis, when a vast number of mining projects were derailed. Moreover, environmental clearance will become harder to get in future, particularly in light of the recent BP oil spill in the Gulf of Mexico…………………………………….Full Article: Source

Higher prices expected for commodities

Posted on 30 August 2010 by VRS  |  Email |Print

Stephen VolkmanFrom Post-gazette.com: The U.S. Department of Agriculture last week forecast food prices will only rise 0.5 percent to 1.5 percent this year, less than the 1.8 percent increases in 2008 and 2009 and the lowest rate of food inflation since 1992. Enjoy it while you can, commodities followers say.

They predict a variety of short-term factors — ranging from the current drought affecting Russia’s massive wheat crop and floods in Pakistan — as well as growing global aspirations for the high-calorie diet American consumers take for granted will translate into higher prices for meat, wheat, corn and other food items in the years ahead…………………………………….Full Article: Source

New commodity ETF touts academic pedigree

Posted on 30 August 2010 by VRS  |  Email |Print

From WSJ: A new commodity exchange-traded fund carries an endorsement from a high-profile name from academia. But its complex mechanics and scanty track record means potential buyers will want to study it carefully.

Commodities have been taking a role in more portfolios as investors come to believe that a sliver of exposure to assets like gold and oil can smooth out investment returns. More than $8 billion has poured into broad-based commodity ETFs since they first appeared in 2006…………………………………….Full Article: Source

Gold may rise to $1,300 an ounce fueled by investment demand, GFMS says

Posted on 30 August 2010 by VRS  |  Email |Print

From Bloomberg: Gold, headed for a 10th annual gain, may reach at least $1,300 an ounce this year as investors seek a shield against financial turmoil, weak currencies and inflation, according to GFMS Ltd.

“There is going to be in all likelihood a surge in investment demand toward the end of this year, driving prices toward the $1,300 level and possibly beyond,” Chief Executive Officer Paul Walker said in an interview, repeating a June forecast. “Prices are going to ratchet up.”……………………………………Full Article: Source

Gold at $1,300 may crimp Indian imports

Posted on 30 August 2010 by VRS  |  Email |Print

From Moneycontrol.com: India’s gold imports almost doubled in the first half of this year, boosted by a good monsoon and pent-up demand from the previous year when a drought hit consumers’ spending capacity.

The real test of consumer appetite will come in the second half when India’s festival season tend to encourage a spending spree, though much will depend on what happens to the gold price……………………………………Full Article: Source

Gold price spiral to continue

Posted on 30 August 2010 by VRS  |  Email |Print

From Emirates247.com: Gold prices may make a run toward $1,260 per ounce this week, nearing or even breaching the record high of $1,266.5 scaled on June 21, according the Dubai Gold and Commodities Exchange.

Investor demand for gold in the face of weaker and worrisome U.S. economic data is likely to keep investors focused on gold this week, along with the roll in New York market silver positions, the exchange said in its weekly commodities review…………………………………….Full Article: Source

Think precious metals: In good times and bad

Posted on 30 August 2010 by VRS  |  Email |Print

From Asiaone.com: Investors often think about investing in gold, silver and other precious metals only in times of uncertainty, but these assets can be solid investment choices regardless of economic conditions.

Precious metals are rare in nature and have strong, intrinsic value, as opposed to the relative value of paper currency. The metals are thus perceived as a hedge against inflation or financial downturns…………………………………….Full Article: Source

Buy gold in August and go away

Posted on 30 August 2010 by VRS  |  Email |Print

From Resourceinvestor.com: Believe it or not seasonal factors do affect gold price levels. This probably sounds counterintuitive initially. Investors and speculators can buy and sell gold anytime regardless of the passing of the calendar year, so why does the time of year matter? The answer is quite logical. It matters because calendar seasons greatly affect gold investment demand.

These seasonal tendencies reinforce the annual analysis. Summers, especially June and July, tend to be weak during the summer doldrums. August looks strong in monthly terms, but realize most of these gains merely offset July’s big losses…………………………………….Full Article: Source

Frank Holmes: The emotional side of gold buying

Posted on 30 August 2010 by VRS  |  Email |Print

From Hardassetsinvestor.com: It’s no secret that gold is a highly emotional market. But exactly which emotions drive which investors might surprise you, says Frank Holmes, CEO and chief investment officer of U.S. Global Investors, an investment adviser managing 13 natural resources and emerging market mutual funds.

Holmes is CEO and chief investment officer of U.S. Global Investors, an investment adviser managing 13 natural resources and emerging market mutual funds, co-author of “The Goldwatcher: Demystifying Gold Investing,” and Mining Journal’s 2006 Mining Fund Manager of the Year, often writes about gold stocks for his blog “Frank Talk.”……………………………………Full Article: Source

Why hasn’t gold hit $2,000/oz? Doug Silver blames U.S. dollar

Posted on 30 August 2010 by VRS  |  Email |Print

From Mineweb.co.za: If gold does best during times of uncertainty and fear, Balfour Holdings Chief and private investor Doug Silver said it should be doing much better.

In his annual talk to the Geological Society of Nevada, Silver, the founder of International Royalty Corp. (IRC) and founder of Denver-based mining analysts Balfour Holdings, said, “If we ever wanted a time for gold prices to take off, we are there.” Silver sold IRC to Royal Gold earlier this year in a Cdn$749 million cash-and-shares deal…………………………………….Full Article: Source

Silver is set to shine

Posted on 30 August 2010 by VRS  |  Email |Print

From Resourceinvestor.com: The now 10-year old bull market in precious metals has seen the price of gold move up well beyond it previous historical peak near US$875 reached briefly in January 1980.
But silver has still not surpassed its all-time high of $50 an ounce – and even remains well below its current cyclical high of $21 an ounce reached in 2008 – leaving silver bulls disappointed but optimistic that huge gains are still ahead with the white metal ultimately reaching and surpassing its 1980 peak price in the years ahead…………………………………….Full Article: Source

OPEC to cut exports, Oil Movements says

Posted on 30 August 2010 by VRS  |  Email |Print

From Poten.com: OPEC, which supplies about 40 percent of the world’s crude oil, will ship 23.38 million barrels a day in the four weeks to September 11, down from 23.45 million barrels a day in the month to August 14, the Halifax, England based consultant said today in a report. The data exclude Ecuador and Angola.

Oil Movements founder Roy Mason said: “This is really the low point of the year for long haul crude.” He went on to say: “In September the tanker market goes to sleep.”……………………………………Full Article: Source

Iraq says it may abide by OPEC quotas in 2-3 years

Posted on 30 August 2010 by VRS  |  Email |Print

From Ynetnews.com: Iraq’s oil minister said Sunday that Baghdad will consider abiding by OPEC quotas once its crude production increases to at least 4 million barrels a day in two to three years.
Hussain al-Shahristani said there is no rush to discuss quotas with other members of the Organization of the Petroleum Exporting Countries while Iraq’s production level, currently at 2.5 million barrels a day, remains bellow the country’s potential…………………………………….Full Article: Source

Japan-China talks eye global recovery, energy saving

Posted on 30 August 2010 by VRS  |  Email |Print

From Kyodo: Japan and China have held an economic ministerial meeting to boost bilateral coordination in world economic recovery, energy conservation and environmental protection, Japanese officials said.
While discussing issues such as labour disputes in China and intellectual property rights yesterday at the meeting, Tokyo plans to request that Beijing ease export controls on rare metals used in hybrid electric vehicles and other high-tech products, according to the officials…………………………………….Full Article: Source

China, Japan agree to enhance dialogue on climate change, energy-saving

Posted on 30 August 2010 by VRS  |  Email |Print

From Xinhua: China and Japan pledged on Saturday to enhance dialogue and exchanges on climate change, energy conservation and environmental protection.

The two countries, meeting in Beijing, agreed to make a combined effort to implement the Joint Statement on Climate Change between China and Japan, said Zhang Ping, chairman of the National Development and Reform Commission (NDRC), during the third China-Japan high-level economic dialogue…………………………………….Full Article: Source

EU sees limit on CO2 projects scheme

Posted on 30 August 2010 by VRS  |  Email |Print

From Businessrevieweurope.eu: The European Union’s top climate official last week proposed new limits on the use of carbon offsets from industrial gas projects, under fire by green groups, in the EU’s emissions trading scheme after 2012.

“The Clean Development Mechanism (CDM) has been successful in some aspects but has also given rise to criticism, e.g. with regard to environmental integrity,” said Connie Hedegaard, Commissioner for Climate Action, in a statement…………………………………….Full Article: Source

China’s resource hunger, where to from here

Posted on 30 August 2010 by VRS  |  Email |Print

From Mineweb.co.za: By the start of the 2000s, China embarked on a new path of industrialisation and development that demanded a reconfiguration of its supply of natural resources. By the end of the decade, the China Factor had become a synonym for an irrepressible engine of growth that was singularly driving global demand for natural resources. How did this happen?

The decade that some have come to call the noughties was straddled by two crises…………………………………….Full Article: Source

SMX to tap Asian appetite for commodities

Posted on 30 August 2010 by VRS  |  Email |Print

From Btimes.com.my: The Singapore Mercantile Exchange (SMX) hopes to take advantage of surging Asian appetite for commodities and their derivatives, joining the select club of cross-asset bourses.

SMX, owned by India’s Financial Technologies, will launch four contracts here tomorrow - euro-dollar futures, gold, West Texas Intermediate (WTI) crude oil, and Brent crude in euros. The euro-Brent contract is the only one without an equivalent listed on another exchange…………………………………….Full Article: Source

DMCC terminates S&P rating

Posted on 30 August 2010 by VRS  |  Email |Print

From Albawaba.com: Dubai Multi Commodities Centre Authority (DMCC) has made a request to Standard & Poor’s (S&P) to terminate its public rating. DMCC sees no further requirement for a public rating as it no longer has any public debt following the repayment in May this year of the final $20m of a $200m 5 year Islamic Sukuk issued in 2005.
DMCC has paid off all Sukuk holders in full and on time, has no further debt and adequate liquidity to fund its growth plans…………………………………….Full Article: Source

Indonesia Commodity & Derivatives Exchange pushing for domestic standard on palm oil prices

Posted on 30 August 2010 by VRS  |  Email |Print

From Thejakartaglobe.com: In an attempt to establish its price for crude palm oil futures contracts as the local benchmark instead of relying on the Dutch standard, the Indonesia Commodity & Derivatives Exchange has recently asked the government to adopt its price for use in tax calculations.

“Why do we have the price of CIF Rotterdam as our export price reference? It is not the real price of Indonesia,” Megain Wijaya, president director of the exchange, told the Jakarta Globe on Thursday…………………………………….Full Article: Source

SADC regional currency to replace Zim dollar?

Posted on 30 August 2010 by VRS  |  Email |Print

From Newzimbabwe.com: Finance Minister Tendai Biti says the existing multiple currency regime will stay in place until 2012 when it is likely to be replaced by a single currency for the Southern Africa Development Community (SADC).

Biti told a meeting of the Institute of Chartered Accountants of Zimbabwe in the resort town of Victoria Falls that it was likely the Zimbabwe dollar would not be brought back into circulation…………………………………….Full Article: Source

Does the dollar need a makeover?

Posted on 30 August 2010 by VRS  |  Email |Print

From Sfgate.com: When San Francisco graphic artist Rob Duncan redesigned the dollar bill and replaced George Washington with Barack Obama, he got some angry calls, including one irate message from Texas.

“Redesign the dollar bill?” the caller exclaimed on Duncan’s voice mail. “I’ll leave the damn country!”……………………………………Full Article: Source

Coffee futures are near a 13-year high

Posted on 30 August 2010 by VRS  |  Email |Print

From WSJ: Coffee futures remain close to a 13-year high, as tight supplies and the prospect of dry weather hurting next year’s Brazilian crop have sent roasters scrambling to secure beans.

Roasters are looking for top-quality arabica coffee beans, and supplies from Colombia—the largest producer of the beans—and Central America won’t begin hitting the market in earnest until November and December. Brazil is on pace to harvest a record crop this year, though global demand is also strengthening…………………………………….Full Article: Source

Gold may jump to $1,300 fueled by investment demand, GFMS says

Posted on 27 August 2010 by VRS  |  Email |Print

Paul WalkerFrom Bloomberg: Gold, headed for a 10th annual gain, may reach at least $1,300 an ounce this year as investors seek a shield against financial turmoil, weak currencies and inflation, according to GFMS Ltd.
“There is going to be in all likelihood a surge in investment demand toward the end of this year, driving prices toward the $1,300 level and possibly beyond,” Chief Executive Officer Paul Walker said in an interview, repeating a June forecast. “Prices are going to ratchet up.”………………………………………Full Article: Source

Gold approaches all-time highs

Posted on 27 August 2010 by VRS  |  Email |Print

From Resourceinvestor.com: Gold moved notably higher on Wednesday, advancing $9.40, or 0.76%. With evidence of a potential double dip in the US mounting, traders are piling into the safe haven metal. This is the perfect environment for gold: rising gold ETF holdings and a gradual decline in other assets due to economic concerns.
Were panic to affect the financial markets leading to a steep decline, gold would probably be swept lower in the tide, as traders raise cash by selling the strong performing asset……………………………………….Full Article: Source

Spinning synthetic gold

Posted on 27 August 2010 by VRS  |  Email |Print

From Hardassetsinvestor.com: According to the Brothers Grimm fairy tale, Rumpelstiltskin could spin straw into gold. Investors can do the same. Not literally, mind you, but one can obtain a long gold position (or a proxy position in gold futures, a gold trust or a mining stock) without actually touching bullion, futures or stock.
It’s done through the options market. A so-called synthetic long gold position combines the purchase of a call with the simultaneous short sale of a put, where both options share the same exercise price and expiration date. The position mimics a long gold position’s potential risks and rewards……………………………………….Full Article: Source

Global gold demand powered this year by China, India: WGC

Posted on 27 August 2010 by VRS  |  Email |Print

From AFP: World gold demand will be powered for the rest of 2010 by emerging market giants India and China, and increased investment buying, the World Gold Council said.
“Gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery,” the WGC said in a report released late Wednesday……………………………………….Full Article: Source

Why gold seems ubreakable

Posted on 27 August 2010 by VRS  |  Email |Print

From Resourceinvestor.com: While the rest of the world has been going to hell in a hand basket, gold refuses to take a serious dip, and is threatening the old $1,260 high.
The World Gold Council, the ultimate go-to source for figures on global supply and demand for the barbaric relic, published its 2010 Q2 assessment this week. The report paints a positively bullish outlook for the yellow metal………………………………………Full Article: Source

How to trade gold & silver volatility

Posted on 27 August 2010 by VRS  |  Email |Print

From Resourceinvestor.com: Understanding the key differences between both gold and silver risk/volatility levels plays a large part in how I choose a low risk trade setup. Those of you who follow me already know the GLD exchange traded fund is my favorite trading vehicle as it provides me with low risk trading setups along with a very high win rate.
OK, let’s jump into to comparing gold and silver as trading instruments. I get the same questions from new traders all the time and I think these two questions will help clear them up……………………………………….Full Article: Source

Why I’m betting on silver

Posted on 27 August 2010 by VRS  |  Email |Print

From Ibtimes.com: Gold has shot back to prominence as a serious investment asset over the past few years as investors struggle to make sense of the current financial environment.
For a growing number of people, gold is one of the few safe havens in uncertain times, particularly now as the debate swings between whether the developed economies are set for a period of Japanese-style deflation, or a dose of post-First World War German hyperinflation……………………………………….Full Article: Source

Is silver finally breaking through key resistance at $18.50 per ounce?

Posted on 27 August 2010 by VRS  |  Email |Print

From Mineweb.co.za: Last week, the price of silver tested the key resistance level of $18.50/oz but, failed to penetrate this level. Today it has breached it, but it remains to be seen whether this will prompt further increases or a fallback. The bullion banks seemed to have been putting a cap on the price at the $18.50 level.
According to the latest Commitment Of Traders (COT) report, the four or less largest traders (Commercials or bullion banks such as JP Morgan and HSBC) are currently short 225,484, 000 ounces of a total net current short position of 268, 720, 000 ounces……………………………………….Full Article: Source

Silver markets are horribly suppressed

Posted on 27 August 2010 by VRS  |  Email |Print

From Commodityonline.com: One fact is very, very clear: the silver markets are horribly suppressed. As we reported months ago, it was discovered in May that the silver futures market is purely paper, and there is an actual whistleblower to tell the tale.
However, that testimony was subsequently squandered when the closed circuit TV had “technical errors,” and days later Andrew Maguire, the famed whistleblower, was in a hit and run accident. However, not all of the suppression talk need be reserved for so called “conspiracies,” as silver is suppressed right before your eyes……………………………………….Full Article: Source

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