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Commodities Briefing - Archive | December, 2010

Commodities soar: The year the super cycle returned

Posted on 31 December 2010 by VRS  |  Email |Print

From Independent: When the world economy slid into recession in 2008 it marked the end of the commodities “super cycle” of sharply rising prices underpinned by the insatiable appetites of emerging giants such as China, India and Brazil. But recent months have seen a revival, with metals, oil and food prices rebounding strongly on signs of economic recovery and a return of growth.
The different trajectories of global oil and gas prices are a clear illustration of the scale of gravitational pull from the world’s emerging economies. As growth has picked up over 2010, the Brent spot oil price has risen from around $74 to above $90……………………………………….Full Article: Source

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Commodities beat stocks, bonds in 2010 as China led recovery

Posted on 31 December 2010 by VRS  |  Email |Print

From Bloomberg: Commodity prices beat gains in stocks, bonds and the dollar this year as China, the biggest user of everything from cotton to copper to soybeans, led the recovery from the first global recession since World War II.
The Thomson Reuters/Jefferies CRB index, a gauge of 19 raw materials, jumped 15 percent since the end of 2009 through yesterday. The MSCI All Country World Index of stocks rose 13 percent after accounting for reinvested dividends. Global bonds returned 4.7 percent as measured by Bank of America Merrill Lynch’s Global Broad Market Index……………………………………….Full Article: Source

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Bigger year for commods in 2011? Not all agree

Posted on 31 December 2010 by VRS  |  Email |Print

From Reuters: Amid the chorus of commodity bulls and analysts predicting more rallies in 2011, some expect steep corrections if demand destruction sets in from high prices and big consumer China gets tougher against inflation.
Copper, cotton and gold prices hit record highs in December and oil and various edible crops soared to multi-month peaks on both fundamentals and speculation. The Reuters-Jefferies CRB index, a global commodities benchmark, is up 17 percent for the year, extending last year’s 23 percent growth……………………………………….Full Article: Source

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When commodities attack!

Posted on 31 December 2010 by VRS  |  Email |Print

From Msnbc: You know about stocks and bonds, but there are a few other investment classes out there that most individuals don’t think much about, especially as they relate to individual companies. One is foreign exchange, which I’ve already talked about. Another is commodities, probably the world’s oldest investments.
Almost every type of business relies on commodities in some way, making it important for every investor to think about the broad implications of how their companies operate……………………………………….Full Article: Source

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Rebound in commodity prices set to continue

Posted on 31 December 2010 by VRS  |  Email |Print

From Irishtimes.com: A combination of growing investor demand for hard assets and an increasing appetite for raw materials in emerging eastern economies saw commodity prices rebound strongly in 2010.
They rose so strongly in fact that some analysts believe the price collapse of 2008 was not the end of the multi-year commodities rally dubbed a “super-cycle”, but simply a pause……………………………………….Full Article: Source

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Commodities outlook 2011 remains positive

Posted on 31 December 2010 by VRS  |  Email |Print

From Marketoracle.co.uk: Given a basket of commodities, as measured by the CRB Index, is up a healthy 9.72% this month, it may be a good time to revisit the longer-term outlook.
While the daily chart of the CRB is showing some signs of short-term fatigue, the outlook for the next three-to-six months still appears to be encouraging……………………………………….Full Article: Source

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Investor interest fuels commodity rally

Posted on 31 December 2010 by VRS  |  Email |Print

From Thestreet.com: Commodities have been the story of 2010, having been much more robust than any other capital market this year. Oil is up a relatively weak 22%, a paltry move in comparison to metals like copper, up more than 30%, or silver, up 70%. Soft commodities have shown even greater strength, with corn, wheat and coffee up around 50% for the year while cotton has nearly doubled in price.
What the heck is going on here? I’ve been following and trading commodities for most of my adult life and while I have seen moves like these in the past, this universal commodity boom, where virtually every commodity runs at once, is a brand new phenomenon……………………………………….Full Article: Source

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Investors should bet on Commodities

Posted on 31 December 2010 by VRS  |  Email |Print

From Markets247.com: Silver trading and zinc trading are the top picks of investors for 2011 as it is estimated that the following period will be full of concerns regarding the government measures to strengthen the economy and the likelihood of a new recession. Given this forecast, investors remain bullish on commodities.
As Bloomberg broadcasted, the benchmark index Standard & Poor’s GSCI increased by 20% , significantly more than the 9.1% earnings of the MSCI World Index of shares and the yield of 5.3% which was recorded by the index of the Bank of America Merrill Lynch for U.S. government bonds……………………………………….Full Article: Source

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Commodities review of 2010: Gold glittered but silver was shinier

Posted on 31 December 2010 by VRS  |  Email |Print

From Telegraph: It was a year of record peaks for more than a dozen commodities, as China’s rapid urbanisation sent basic material prices soaring. However, it was precious metals grabbing all the headlines in 2010.
Gold hit new all-time highs and the silver price jumped to its highest level in 30 years. Sovereign debt fears in Europe caused a flight to safety, with gold hitting a record of $1,423.75 on December 6. The price has added 27pc this year……………………………………….Full Article: Source

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Asian hunger drives coal, oil price rise

Posted on 31 December 2010 by VRS  |  Email |Print

From Smh.com.au: Strong demand from energy hungry Asian economies will drive the price of thermal coal even higher in 2011, as wet weather continues to shrink supplies of major global coal producing regions.
Oil prices are also expected to rise in 2011, while analysts have broadly slashed their outlook for natural gas due to an oversupply arising from American coal-seam and shale-gas projects……………………………………….Full Article: Source

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IMF sees $90 oil price in 2011

Posted on 31 December 2010 by VRS  |  Email |Print

From Zawya.com: Oil prices could climb to an average $90 a barrel in 2011 driven by high Asian consumption that will likely boost global demand by around 1.4 million barrels per day, a senior IMF official said.
Demand is estimated at around 87.4 million bpd in 2010 and is projected to swell to nearly 88.8 million bpd in 2011, said Masoud Ahmed, Director of the IMF’s Middle East and Central Asia Department……………………………………….Full Article: Source

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Oil returning to $100-per-barrel in 2011

Posted on 31 December 2010 by VRS  |  Email |Print

From Theind.com: Although oil prices fell 51 cents in light trading Monday to settle at $91 per barrel on the New York Mercantile Exchange, analysts at J.P. Morgan and Morgan Stanley are predicting a return to $100 oil in the new year.
Monday, the first day after the Christmas break, oil prices slid on China’s decision over the weekend to raise its benchmark lending rate to combat rising inflation — a move likely to not only cool the country’s economy but also to cut its appetite for energy, the Associated Press reports……………………………………….Full Article: Source

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$100 oil is coming, and this time we’re ready

Posted on 31 December 2010 by VRS  |  Email |Print

From Reuters: Nearly three years ago, on the first business day of 2008, the price of oil rose above the symbolic mark of $100 a barrel. Later in the year, the price spiked to $147 a barrel, with gas prices surpassing $4 a gallon.
That event dramatically shifted consumers toward hybrids and other fuel-efficient cars. The possibility that gas could return to $4 a gallon continues to linger in the minds of car buyers……………………………………….Full Article: Source

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Oil majors to spend big in 2011

Posted on 31 December 2010 by VRS  |  Email |Print

From UPI: The oil spill in the Gulf of Mexico is no deterrent to major oil companies keen to tap into deep-water fields, investors said.
Washington imposed a moratorium on deep-water drilling after BP’s Deepwater Horizon oil rig caught fire and sank in April, leading to one of the worst environmental disasters in the history of the industry……………………………………….Full Article: Source

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Oil industry set for record exploration spending in 2011

Posted on 31 December 2010 by VRS  |  Email |Print

From Voanews.com: A new report says the global oil industry is planning to spend a record $490 billion next year on oil and natural gas exploration. The London investment bank Barclays Capital says that its survey of 402 energy companies - from large international companies to very small operations - shows that exploration spending will increase in 2011 by 11 percent compared to this year.
It said some of the increased spending will occur because untapped oil and natural gas deposits are increasingly located in areas that are hard to reach……………………………………….Full Article: Source

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The dark side of the gold boom

Posted on 31 December 2010 by VRS  |  Email |Print

From Businessweek.com: How the gold-mining industry, with help from Wall Street, is driving gold’s longest bull run in at least six decades and reshaping the lives of people around the world.
Security guards and federal police have allegedly shot and killed people scavenging the waste rock at Barrick Gold’s North Mara mine in Tanzania………………………………………Full Article: Source

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Silver, gold top picks in 2011 commodity survey

Posted on 31 December 2010 by VRS  |  Email |Print

From Goldalert.com: Silver will be the top performing commodity in 2011, according to a Bloomberg survey of more than 100 investors, traders, and analysts.
Results of the survey found that silver is expected to reach $40 per ounce, for a gain of 37% next year, the most of the 15 commodities included in the questionnaire……………………………………….Full Article: Source

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Gold set for fresh highs in 2011

Posted on 31 December 2010 by VRS  |  Email |Print

From WSJ: Gold bulls say the price of the precious metal is set to reach fresh highs early in the new year, on mounting inflation fears fueled by loose U.S. and euro-zone monetary policies.
With central-bank purchases and Chinese imports emerging to support gains, analysts and traders say they expect the metal to quickly surpass $1,500 a troy ounce, reaching as high as $1,700 an ounce—or even $2,000, according to forecasts by some of the industry’s more bullish participants—before the tide turns slightly in 2012……………………………………….Full Article: Source

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Gold traders target $1,500 by April

Posted on 31 December 2010 by VRS  |  Email |Print

From Resourceinvestor.com: The gold price rose further in Asian and London trade for dollar investors on Thursday but edged back from yesterday’s new all-time highs vs. the euro and Sterling as the US currency slipped on the forex market.
US Dollar gold prices touched a 3-week high just shy of all-time records at $1,415 per ounce, and the silver price reached new 30-year highs at $30.89……………………………………….Full Article: Source

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COMEX options position suggests gold could be at $1,500 or higher by April

Posted on 31 December 2010 by VRS  |  Email |Print

From Mineweb.co.za: The trading volume on COMEX may have been dwindling towards the end of the year, but the open interest structured in the major options series points to more volatility and the risk, on this basis at least, is very much to the upside.
The open charts here show the overall interest in the February and April call options series on COMEX as of the close of business on 28th December, and the same exposure, but adjusted by the delta, as of the close of business on the same day……………………………………….Full Article: Source

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Will gold touch $1,650 in 2011?

Posted on 31 December 2010 by VRS  |  Email |Print

From Commodityonline.com: Most of the emails I have received the past couple of weeks that are related to Jim’s prediction of $1,650 gold in January of 2011 have been gracious and have expressed heartfelt appreciation for Jim’s steady hand of guidance over the past 7 or so years.
The deep admiration for Jim’s selfless giving of his years of experience in the financial realm, has shown through so many of these emails. It truly is an uplifting experience to read them. For those of you who have taken the time to do so, my sincere and heartfelt thanks……………………………………….Full Article: Source

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Gold forecast to rise; Buyers have multiple investment options

Posted on 31 December 2010 by VRS  |  Email |Print

From Kitco.com: The 2011 gold outlook from most analysts, simply put, is higher. But for new investors wanting to join the gold rush, there is still some homework to do. They might want to familiarize themselves with the many ways in which they can invest–from coins to exchange-traded funds to mining stocks–to decide which are most suited for them.
Gold has been in a decade-long bull market, rising from roughly $250 an ounce to a recent record of $1,431. Many look for still more gains. BNP Paribas has forecast an average of $1,500 in 2011, while Goldman Sachs has a 12-month target of $1,690 (but also cautioned that gold could peak in 2012)……………………………………….Full Article: Source

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Gold to lose some of its luster in 2011: Analysts

Posted on 31 December 2010 by VRS  |  Email |Print

From Asiaone.com: In a year when the market has been concerned about a number of economic storms - the effects of various government stimulus programs, a faltering global recovery from the financial tsunami of 2008 - gold has never been a more attractive alternative for investors.
Whether it’s a reaction to an uncertain macroeconomic environment unleashed by the second round of US quantitative easing (QE2), the ongoing tribulations of the European debt crisis or monetary tightening measures on the mainland, gold has been seen as a safe haven. And the numbers would seem to bear this out……………………………………….Full Article: Source

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China cuts rare earth exports for 2011

Posted on 31 December 2010 by VRS  |  Email |Print

From Indiatimes.com: China, which supplies over 90 per cent of rare earth metals to global markets, on Tuesday announced 11.4 per cent cut in exports for the next year.
The government has set its first round of 2011 rare earth export quotas at 14,446 tonnes which is 11 per cent less than the previous year, official media here said……………………………………….Full Article: Source

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Racing for heavy rare earths

Posted on 31 December 2010 by VRS  |  Email |Print

From Resourceinvestor.com: Rare earths consumers wary of China’s near-monopoly on global supply may be relieved that several non-Chinese projects are nearing production, but when it comes to the heavy rare earths – generally the rarest and most pricy – China will be remain the major supplier for at least five more years.
This quandary is underscored by the recent frenzy over Chinese export quotas for rare earth elements (REEs) in 2011, sending stock prices soaring this week for several companies with advanced projects……………………………………….Full Article: Source

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Precious metals to shine in new year

Posted on 31 December 2010 by VRS  |  Email |Print

From Investors.com: This year was phenomenal for commodities, and 2011 will also be strong, especially for precious metals, analysts and asset managers say. The drivers: increased industrial use of precious metals as the economy recovers and investor demand for safe-haven assets. Investors worried about inflation and countries defaulting on their loans should buy gold, silver and platinum, according to Merrill Lynch.
It sees gold’s price being pushed higher by further dollar depreciation and demand from emerging-market central banks diversifying their foreign reserves……………………………………….Full Article: Source

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10 ETF trends predictions for 2011

Posted on 31 December 2010 by VRS  |  Email |Print

From Etftrends.com: Just like we did last year, it’s time again to go into the dark closet, get out the crystal ball, dust it off and look inside. What does the exchange traded fund (ETF) industry have in store for us for 2011? And more importantly, will we fare as well with our predictions as we did this year?
Small-caps will dust large-caps. Historically, small-caps have outperformed large-caps coming out of economic downturns. That’s been true so far this time around, too. We expect this trend to continue in 2011 as the economic recovery gathers steam……………………………………….Full Article: Source

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Ten new years’ resolutions for ETF investors

Posted on 31 December 2010 by VRS  |  Email |Print

From Etfdb.com: With 2011 just around the corner, tis the season for pledges to better everything from health to wealth to happiness in the coming year. Below, we offer up ten New Years’ Resolutions for ETF investors looking to cut expenses, round out their portfolios, and maximize returns in 2011
If you’ve already made the jump away from pricey active mutual funds to more cost-efficient ETFs, our Mutual Fund To ETF Converter might not be of much use……………………………………….Full Article: Source

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Five predictions for the ETF industry

Posted on 31 December 2010 by VRS  |  Email |Print

From Theglobeandmail.com: With total U.S. assets recently crossing the $1-trillion (U.S.) mark, the ETF industry has continued to swell in 2010, becoming an undeniable force in the financial universe. The story of this rapid growth has had plenty of triumphs as well as controversy.
Looking ahead to 2011, here are five predictions of what’s next for ETFs……………………………………….Full Article: Source

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ETF assets edge up in November to $927.6 bln, says ICI

Posted on 31 December 2010 by VRS  |  Email |Print

From Barrons.com: In its latest monthly report, the Investment Company Institute says that total assets for U.S.-listed ETFs rose to $927.6 billion, up by 0.4% from $923.5 billion a month earlier.
Broad-based domestic stock ETF assets were at $335.8 billion, a slight gain from October. The biggest gains came from sector and industry focused funds. Those rose to $191.6 billion in assets, up from $183.8 billion a month earlier……………………………………….Full Article: Source

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Are ETNs finally coming of age?

Posted on 31 December 2010 by VRS  |  Email |Print

From Indexuniverse.com: The success of a number of exchange-traded notes this year, including two that canvass the market of VIX volatility futures and others offering investors exposure to master limited partnerships, is raising the question of whether ETNs are about to truly take off and become part of every investor’s portfolio.
ETNs, unlike ETFs, offer investors direct exposure to an underlying index, minus expenses. They don’t own underlying baskets of securities like ETFs do, which not only eliminates tracking error but also gives ETNs access to parts of the investment universe that are hard to cover……………………………………….Full Article: Source

For hedge funds, nowhere to go but up

Posted on 31 December 2010 by VRS  |  Email |Print

From CNN: With regulatory and political landscapes evolving, change is afoot for hedge funds. But will their performance change for the better? This has been a relatively blah year for hedge funds.
Sure there have been pockets of excitement — there was Timberwolf, the so-called “shitty deal” brought to us by Goldman Sachs (GS), there was the story of the hedge fund wife’s inspirational piano playing pig, and of course, there’s the ongoing insider trading probe. But no single trend has defined the industry……………………………………….Full Article: Source

Commodity currencies: More strength in 2011?

Posted on 31 December 2010 by VRS  |  Email |Print

From Nasdaq.com: Unlike the other major currency pairs, the Canadian dollar fluctuated within an 8 percent trading range against the U.S. dollar throughout 2010. Canada’s close economic ties with the U.S. contained any major move in the currency, which closed the year approximately 3 percent higher against the greenback.
The European sovereign debt crisis drove the CAD higher against the euro and British pound but this price action had nothing to do with the strength of the Canadian economy……………………………………….Full Article: Source

Forex and commodities

Posted on 31 December 2010 by VRS  |  Email |Print

From Ninemsn.com.au: Everybody, some more wittingly than others, is playing the game of competitive devaluation. Picking the winner could be a route to profits. If the eurozone avoids further squalls, and there is no big shift in the commodity market, then the call is fairly straightforward.
The Federal Reserve does not want the dollar to rise, whatever it says, and has demonstrated the ability to push it down. Other central banks cannot do this – as witnessed by unsuccessful interventions by the central banks of Japan and Switzerland, and various ineffective attempts at capital controls………………………………………Full Article: Source

11 forex predictions for 2011: Worst case scenarios

Posted on 31 December 2010 by VRS  |  Email |Print

From Seekingalpha.com: A worst-case scenario. 2010 is about to end after experiencing an economic ride that did not lack drama. Euro debt crises, various rounds of US quantitative easing, a political upheaval in Washington DC, extremely high unemployment and declining housing prices were but a few of the major drivers of economic activity last year.
So what do we have to look forward to in 2011?………………………………………Full Article: Source

2010: Not bad for the dollar

Posted on 31 December 2010 by VRS  |  Email |Print

From Hardassetsinvestor.com: Traders and investors who believe the U.S. economy is in a death spiral shouldn’t be in a rush to short the dollar. After all, better plays were there in 2010. Make that two better plays.
Before delving into that, though, let’s consider the dollar’s current position. The greenback, for better or worse, is still the world’s “go-to” currency. Although the U.S. currency’s hegemony has been chipped away by the euro over the past decade, the buck is still the dominant reserve asset……………………………………….Full Article: Source

EU drafts tough regulations for carbon market

Posted on 31 December 2010 by VRS  |  Email |Print

From Commodityonline.com: In its attempt to clamp down on insider dealing, fraud and manipulation within the EU’s Emissions Trading Scheme, the European Commission is preparing tighter regulation for the European carbon market.
In a statement issued here, EU Climate Action Commissioner Connie Hedegaard said the market has reached a size which makes it a potential target of fraudulent practices……………………………………….Full Article: Source

Soybeans: A buying opportunity in the works?

Posted on 31 December 2010 by VRS  |  Email |Print

From Hardassetsinvestor.com: Although rallies in other ags, such as corn and cotton, have often overshadowed the rise in soybean prices, investors in the humble bean have had a little extra something to celebrate this year.
During the last day of trading before the Christmas holiday, the January 2011 soybean futures contract rallied to a new 28-month high, due to weather concerns……………………………………….Full Article: Source

Prices soar as investors rush for commodities

Posted on 23 December 2010 by VRS  |  Email |Print

From Theaustralian.com.au: Commodity prices are breaking records in an investment stampede inspired by extreme weather, demand from China and rising speculation. The price surge is sweeping almost all commodity markets — both minerals and farm goods — and raises the prospect of government and Reserve Bank forecasts proving conservative.
Copper hit a record $US9392 a tonne yesterday, while cotton is also at record levels and sugar is at a 30-year high……………………………………….Full Article: Source

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How to Invest in commodities, carefully

Posted on 23 December 2010 by VRS  |  Email |Print

From Dailyfinance.com: All through the year, commodity prices have been rising: Copper has soared 24.5% since 2010 began, while gold is up 23%. Wheat, corn and oil also have continued to climb. Unsurprisingly, that growth has attracted many investors. Is this a good time for small investors, too, to put some money in commodities?
Adrian Day, a financial adviser who has just published a book about commodities called Investing in Resources, cautions small investors that commodities are incredibly volatile. “Trying to play commodities in the short term is a recipe for disaster,” he says. Commodity prices have already climbed so high in the last couple of months that he has become a “little bit cautious,” he adds……………………………………….Full Article: Source

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Sulphur and silver among top-performing commodities

Posted on 23 December 2010 by VRS  |  Email |Print

From Calgaryherald.com: Sulphur? Yes, you guessed it. For all the hype, Canada’s top performing commodity in 2010 was . . . not gold, which rose in value by 25 per cent. Nothing to sniff at, but a far cry from key fertilizer component sulphur’s 153-per-cent pop.
Another surprise? Silver delivered more than twice the return of gold, up 69 per cent over the past year, despite its overriding status as the yellow metal’s poor second cousin……………………………………….Full Article: Source

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Potash to be a top pick in 2011

Posted on 23 December 2010 by VRS  |  Email |Print

From Resourceinvestingnews.com: According to the recent report by Scotiabank, an increased demand for potash as crop prices rise has potash poised to be a top commodity pick in 2011. “The price of potash coming into the Port Metro Vancouver topped out in 2008, at about $1000 US per tonne in late 2008,” said Patricia Mohr, a commodities specialist at Scotiabank.
However, after the recession hit, potash prices took a significant hit, added Mohr. Potash dropped down to around $350 per tonne. In 2011, potash will benefit from a rapid ascent in the price of “input intensive grains.”………………………………………Full Article: Source

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Copper caper

Posted on 23 December 2010 by VRS  |  Email |Print

From Resourceinvestingnews.com: Dull conditions persisted in the metals and currency markets throughout the overnight period, following an equally lackluster trading session on Tuesday. Spot price tickers showing live changes on the new Kitco iPad “Gold Live” app showed…almost no change or sign of life in the yellow metal for most of the day yesterday.
Judging by the first couple of hours of Wednesday action, the pattern was about to go into ‘instant replay’ mode again………………………………………..Full Article: Source

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Chinese production, potential for ETF to determine aluminum’s fate

Posted on 23 December 2010 by VRS  |  Email |Print

From Nasdaq.com: Where aluminum prices head to in 2011 could hinge on several events, but most notably whether China restarts idled production and how strong is the appetite for new exchange-traded funds for the metal.
Base metals have rallied toward the end of the year, led by copper, but some market analysts aren’t sure how well aluminum will perform in 2011. Some see a slight retrench from current levels as supplies are ample, yet others are a little more optimistic that global growth and an ETF will boost demand……………………………………….Full Article: Source

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Uranium – great growth story

Posted on 23 December 2010 by VRS  |  Email |Print

From Hardassetsinvestor.com: Uranium is a very interesting metal, if you want to think about it this way. Especially because there’s a lot of nuclear energy plants being assembled in China and in Russia. Presently, China has 11 nuclear-generating energy plants. And they have 28 in production. Russia has 18 in production.
When these plants are actually established, they’re going to demand more uranium. That has actually pushed the uranium prices most recently up to two-year highs……………………………………….Full Article: Source

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Barclays: Gold price to average $1,445/oz in 2011

Posted on 23 December 2010 by VRS  |  Email |Print

From Kitco News: Barclays Capital Markets sees higher prices for precious metals and some base metals going into 2011 and the bank said in the short term it is “most positive” on gold but longer term favors platinum group metals, according to a research note released Wednesday.
Barclays estimates the average spot prices for precious metals in 2011 as follows: gold at $1,445 an ounce, silver at $28.10 an ounce, platinum at $1,780 an ounce and palladium at $675 an ounce……………………………………….Full Article: Source

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Gold prices biding time until 2011

Posted on 23 December 2010 by VRS  |  Email |Print

From TheStreet: Gold prices were trading sideways Wednesday on light technical trading, an indication the yellow metal may have to wait until 2011 to see more momentum. Gold for February delivery settled $1.40 lower to $1,387.40 an ounce at the Comex division of the New York Mercantile Exchange.
The gold price traded as high as $1,391.70 and as low as $1,385.60 during Wednesday’s session. The spot gold price was adding 50 cents, according to Kitco’s gold index……………………………………….Full Article: Source

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Why China failed to buy IMF gold reserves

Posted on 23 December 2010 by VRS  |  Email |Print

From Commodityonline.com: 2010 bullion headlines have been dominated by one major news items, often: the gold reserves sale by the International Monetary Fund (IMF). And 2010 is going to end with the news now that IMF has fully sold the 403.3 tons of gold.
Now that the gold sale by IMF is all over, it is interesting to look at who all got the gold reserves that were on sale by the global organization……………………………………….Full Article: Source

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Market trends in silver 2010

Posted on 23 December 2010 by VRS  |  Email |Print

From Silverinvestingnews.com: As most investors in the silver market know, 2010 has been a terrific year. As concerns over monetary policy in the US and Europe, debt concerns, and general economic uncertainty linger, investors looked to gold and silver as a hedge against inflation.
As gold reached levels out of reach for many individual investors, silver, the poor mans gold, became an attractive alternative. The price of silver on Jan. 4 2010 was $17.17 per ounce, by Dec. 21 2010 the price had risen to $29.25……………………………………….Full Article: Source

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Coal to remain backbone of power generation

Posted on 23 December 2010 by VRS  |  Email |Print

From Theaustralian.com.au: Despite rapid growth in renewable power sources such as hydro, wind and solar, coal will remain the backbone of electricity generation for the next 25 years, according to the International Energy Agency (IEA).
A drop in coal-fired power generation in the advanced economies of the OECD between now and 2035 will be offset by big increases elsewhere, especially in China, where 600 gigawatts (GW) of new coal-fired capacity will be added. That figure exceeds the current capacity of the United States, Europe and Japan, the IEA says in its latest World Energy Outlook……………………………………….Full Article: Source

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