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Commodities Briefing - Archive | May, 2011

What should the gold/silver ratio be?

Posted on 25 May 2011 by VRS  |  Email |Print

The price of gold is dominated by investment/monetary demand to such an extent that nothing else matters as far as gold’s intermediate- and long-term price performance is concerned. Investment/monetary demand is probably also the most important driver of silver’s price trend, although in silver’s case industrial demand is also important.
In addition, changes in mine supply have some effect on the silver market, because unlike the situation in the gold market the annual supply of newly-mined silver is not trivial relative to the existing aboveground supply of the metal……………………………………….Full Article: Source

Precious metals monitor: Gold on upswing as debt fears overshadow rallying dollar

Posted on 25 May 2011 by VRS  |  Email |Print

While neither side can claim victory yet, the battle between bulls and bears raging in the precious metals market has shifted notably in favor of the former. Key support levels continued to hold last week, while renewed sovereign debt worries acted as a fear-based catalyst to support the sector.
Importantly, gold and silver were able to rally, despite a surge in the U.S. dollar and declines in other commodity markets. But their performance hasn’t been even. Gold continues to outperform silver, as investors liquidated proportionally more of their positions in the white metal last week……………………………………….Full Article: Source

Gold, silver ETFs steady after correction, outflows

Posted on 25 May 2011 by VRS  |  Email |Print

Commodity exchange traded funds have experienced outflows so far in the second quarter, while precious metals such as silver and gold have contributed to the sector’s volatility. Although volatility levels are higher than usual, some experts say the long-term trends for precious metals remain set in place.
Is a commodities bubble about to burst? Analysts say no, but Michael Kahn for Barron’s reports that the easy money in selling silver and gold has already been made……………………………………….Full Article: Source

The dangers of ETFs

Posted on 25 May 2011 by VRS  |  Email |Print

ETFs can be simple, flexible replacements for mutual funds, thanks to their ease of trading. However, they may not always be appropriate for mining particular sectors.
For one thing, says Pat Chiefalo, director of derivatives and structured products at National Bank Financial Markets, “I think the market is split. There are certainly advisors that have over the years built their books on mutual funds or whatever types of products that they use………………………………………Full Article: Source

When hedge funds go farming

Posted on 25 May 2011 by VRS  |  Email |Print

Price hikes resulting from the increased cost of food are challenging restaurateurs and consumers alike. Manhattan restaurant Mario Batali’s Del Posto is charging 21 percent more per meal since October, and similarly Gordon Ramsay at The London is charging sixty-nine percent more since last month, as reported by Bloomberg food critic Ryan Sutton.
Worse still, some believe that inflation has gone under-reported. Under a calculation used prior to the Boskin Commission’s 1996 reworking of the CPI formula, inflation would be much higher……………………………………….Full Article: Source

Euro worries hit currencies

Posted on 25 May 2011 by VRS  |  Email |Print

Recent depreciation in regional currencies was sparked by renewed concerns about sovereign debt in Europe, says Prasarn Trairatvorakul, the governor of the Bank of Thailand.
The decision by Standard & Poor’s to downgrade its outlook on Italy’s sovereign credit rating from stable to negative has caused anxiety that it could follow Greece, Portugal and Ireland into a debt crisis……………………………………….Full Article: Source

Latin American currencies rebound on German confidence

Posted on 25 May 2011 by VRS  |  Email |Print

Latin American currencies strengthened on Tuesday, led by Brazil’s real and Mexico’s peso, after stronger-than-expected economic confidence data in Germany, the world’s fourth-largest economy.
The data lifted oil, copper, coffee and other commodities, the backbone of many Latin American economies, following yesterday’s declines. That gave further support to the region’s currencies……………………………………….Full Article: Source

Global demand for coffee to keep climbing

Posted on 25 May 2011 by VRS  |  Email |Print

Global demand for coffee is set to keep climbing, and even a doubling in the cost of the commodity over the last 12 months has failed to quench consumers’ thirst. Faster paced lifestyles in China and other Asian economies where economic growth has been strong have helped to keep consumption firmly on an upward path.
The International Coffee Organisation estimates that global coffee consumption rose 2.4% to a record 134.0 million 60kg bags in 2010 and it sees the upward trend continuing despite the rise in prices……………………………………….Full Article: Source

Goldman turning ‘more bullish’ on commodities recommends oil, copper, zinc

Posted on 24 May 2011 by VRS  |  Email |Print

Jeffrey CurrieGoldman Sachs Group Inc. (GS) said investors should buy crude oil, copper and zinc as sustained economic growth will tighten supplies.
“We believe that the risk/reward once again favors being long commodities,” analysts led by London-based Jeffrey Currie said in an e-mailed report today. “Economic growth will likely be sufficient to tighten key supply-constrained markets in the second half, leading to higher prices from current levels.”………………………………………Full Article: Source

China PMI outlook and European debt crisis hit commodities

Posted on 24 May 2011 by VRS  |  Email |Print

Qu HongbinCommodities prices on the Shanghai Futures Exchange (SHFE) lost ground Monday as international investors wrung their hands over the European debt crisis and HSBC released a preliminary report showing that a key manufacturing indicator will slip to a 10-month low in May.
The domestic market was spooked by a report by HSBC released Monday morning predicting that China’s Purchasing Managers’ Index (PMI) for the manufacturing sector will fall from 51.8 in April to 51.1 in May, said Zhuo Guiqiu, an analyst for Minmetals Futures in Shenzhen……………………………………….Full Article: Source

China growth slows, miners and commodities lower

Posted on 24 May 2011 by VRS  |  Email |Print

Along with the persisting euro-zone debt worries, China’s growth (or lack thereof) is also chewing away at sentiment this morning.
Overnight, HSBC’s preliminary purchasing managers’ index for May came in at 51.1, a 10-month low. That prompted Chinese shares to drop, with the China Shanghai Composite falling nearly 3%, its worst showing in four months……………………………………….Full Article: Source

Commodities bubble set to deflate

Posted on 24 May 2011 by VRS  |  Email |Print

Commodity prices appear to be heading south, something that will please consumers battling with soaring living costs. But the wild swing in their prices recently has left people baffled.
In the past, shifts in demand and supply have tended to be the determinants when it comes to pricing commodities, whether “hard” ones coming out of the ground like copper and iron ore, or “soft” commodities such as wheat and rice, which are grown……………………………………….Full Article: Source

Bubble, bubble on the wall

Posted on 24 May 2011 by VRS  |  Email |Print

Gold and other precious metals prices fell as the new trading week got underway in New York this morning and the principal culprit for the decline was identified as the rising US dollar by polled traders. This is not to say that there were no other factors that came into the equation to help commodities values move to lower ground this morning.
Chief among the “extras” was the fact that a survey focusing on the Chinese purchasing managers’ index for the current month – conducted by HSBC – indicates that the official figures from the country may indeed reveal that manufacturing activity in May has slowed to a 10-month low. ………………………………………Full Article: Source

Every commodity price crash has a silver lining

Posted on 24 May 2011 by VRS  |  Email |Print

The volatility in the price of silver and other commodities over the past few weeks has made investors sit up and pay attention. Questions have already begun to be asked as to whether or not the commodity super-cycle is over-played and exchange-traded funds have come under fire, used as scapegoats for the pull-back in commodity prices.
However, resources managers believe the long-term fundamentals for the sector remain sound and that recent price falls represent a good buying opportunity……………………………………….Full Article: Source

Jim Rogers’ latest on gold, dollar and commodities

Posted on 24 May 2011 by VRS  |  Email |Print

Jim Rogers, commodities and currencies trader extraordinaire, said he will sell dollars during the current dollar rally, reiterating his view of the Chinese Yuan as the “safest investment,” the Associated Press reported.
He characterized the commodities trade as a “big bubble,” although the prices of materials and agriculture have a long-term run ahead, suggesting investors wait for a pullback in gold before purchasing the yellow metal………………………………………Full Article: Source

Here’s why Jim Rogers says his timing is terrible

Posted on 24 May 2011 by VRS  |  Email |Print

Jim Rogers always says his timing is terrible, particularly when it comes to the markets, though it’s hard to believe that of such a successful and inveterate investor. Still, he admits he was completely wrong about the decision that now dominates his life, to have kids.
“I thought children were a terrible waste of time, energy, money” I felt sorry for my friends who had children,” he says. “I thought it was something I would never do. I was terribly wrong. They are so much fun.”………………………………………Full Article: Source

Gold, silver and equities may turn bearish as QE2 ends

Posted on 24 May 2011 by VRS  |  Email |Print

With the Bernanke sponsored $600bn QE2 life support expiring in June, analysts feel that gold as an asset class would be less attractive!
This is surprising as investors hold the notion that the termination of QE2 would add to the global uncertainty there by driving up gold prices further. Extrapolative predictions by some analysts pegged gold prices to touch $2000……………………………………….Full Article: Source

Where now for gold & silver?

Posted on 24 May 2011 by VRS  |  Email |Print

Well, that was fun wasn’t it, gang? A huge drop in silver from $49.75 to the $32 ranges after eight months of rallying from $19 to near $50. A 150% gain in silver in eight Fibonacci months, sounds like a pretty overbought situation.
Gold in the same time frame lagged badly, but all of that was predicted by me late last August due to the consolidating “B wave” in silver that was preceding what I felt would be a “massive rally” in the metal……………………………………….Full Article: Source

Selling gold reserves to pay off sovereign debt is unwise: WGC

Posted on 24 May 2011 by VRS  |  Email |Print

Renewed worries about Eurozone sovereign debt has inspired discussions that nations at risk of defaulting should consider selling some of their gold or other assets as part of bailout packages to stabilize their economies.
This idea arose when some German politicians suggested a few weeks ago that Portugal should sell some of its gold reserves as part of a financial aid package for the beleaguered nation. Portugal eventually received aid without having to pledge any gold, but the notion for countries to sell metal reserves or other assets continues to reverberate……………………………………….Full Article: Source

Silver under a cloud

Posted on 24 May 2011 by VRS  |  Email |Print

Should investors revise their commodity positions in the light of market movements in recent weeks? This depends on the reasons for investing and involves making a judgement call on whether the falls represent a short-term correction or a reversal in trend.
If commodities were chosen in order to diversify risk, the sell off provided a useful reminder of the inherent volatility of the asset class and its close relationship with other risk assets……………………………………….Full Article: Source

Copper falls on Chinese demand fears

Posted on 24 May 2011 by VRS  |  Email |Print

Copper prices fell 3.2 percent after a survey showed China’s manufacturing sector slowed in May and Chinese imports fell in April. It’s an indication that the pace of growth may be easing in the world’s-second largest economy.
China is a huge importer of commodities and investors are concerned the government’s efforts to control inflation could hurt demand. They also are concerned that Italy could join Greece, Portugal and Ireland on the list of European countries with serious debt problems……………………………………….Full Article: Source

Ahmadinejad not to attend OPEC meeting

Posted on 24 May 2011 by VRS  |  Email |Print

Iran’s President Mahmoud Ahmadinejad said on Monday one of his ministers will take his place at the next OPEC meeting, the official IRNA news agency reported, a move seen as retreat in a power struggle with hardline rulers.
The president and his allies have been fiercely criticized by conservative politicians, hardline senior clerics and the elite Revolutionary Guards in the past weeks for trying to obtain wide-ranging powers……………………………………….Full Article: Source

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IEA presses OPEC to take on the speculators

Posted on 24 May 2011 by VRS  |  Email |Print

The International Energy Agency’s (IEA) exceptional call on oil-exporting countries to provide more crude urgently in a bid to avoid further damage to global growth has come too late. Soaring food and fuel prices have already started to act as a drag on consumer spending and growth in the United States and other oil-importing countries.
Dallas Fed President Richard Fisher Thursday blamed high gasoline prices for having a “retarding effect” on the recovery……………………………………….Full Article: Source

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Hedge-fund secrets to beat the market

Posted on 24 May 2011 by VRS  |  Email |Print

Are you tired of watching hedge funds ruthlessly beat the returns of your amateurish portfolio? Do you ever wonder how guys like John Paulson and Steve Cohen so easily produce 15%, 20%, even 30% returns on an annual basis?
Could you use some extra income to buy a second home, an island in the Caribbean, a Degas, Warhol, Van Gogh or other work of art, or do you just want to live and eat well — like Raj Rajaratnam on the night before his jail term?………………………………………Full Article: Source

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Risk-minded investors shift focus to alternative funds

Posted on 24 May 2011 by VRS  |  Email |Print

Investors and financial advisers may be elated that the S&P 500 has almost doubled since it bottomed in March 2009, but that improvement hasn’t erased the memories of 2008.
The 1,600 advisers at the annual Investment Management Consultants Association conference last week clearly were more interested in ways to reduce risks to their clients’ portfolios than finding them returns……………………………………….Full Article: Source

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Sell dollar on rallies; yuan “safest investment”-Jim Rogers

Posted on 24 May 2011 by VRS  |  Email |Print

Jim Rogers, an influential investor, said he will sell his dollar assets into any rally as the greenback loses it status of world reserve currency, calling the Chinese yuan the “safest investment”.
He described commodities as a “big bubble”, although one that had much longer to run, advising short-term caution on gold. “Don’t put all your eggs in the U.S. dollar,” said Rogers at a conference. ………………………………………Full Article: Source

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Euro weakens versus yen on debt concerns; commodities rebound

Posted on 24 May 2011 by VRS  |  Email |Print

The euro slid for a third day against the yen and Asian financial stocks fell on speculation Europe’s debt crisis will weigh on global growth. Oil and copper rose, helping commodities snap yesterday’s losses, after Goldman Sachs Group Inc. advised investors to return to raw materials.
Europe’s 17-nation currency weakened to 114.95 yen as of 10:53 a.m. in Tokyo from 115.20 yesterday in New York. The pound dropped against 14 of its 16 most-active counterparts………………………………………Full Article: Source

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Aussie dollar rallies as Goldman recommends buying commodities

Posted on 24 May 2011 by VRS  |  Email |Print

The Australian dollar rallied after Goldman Sachs Group Inc. recommended investors buy commodities, boosting prospects for the nation’s exports.
The so-called Aussie also rose against all its major counterparts after Robert Nicholl, the head of the government’s debt management, said the currency is gaining stature as a reserve currency for foreign central banks. New Zealand’s dollar pared yesterday’s losses……………………………………….Full Article: Source

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Emerging trends in global carbon finance

Posted on 24 May 2011 by VRS  |  Email |Print

Recent developments in international carbon finance have seen investors and carbon intermediaries moving away from the global carbon market and towards local initiatives, such asregional carbon trading regimes, as a means of participating in carbon reduction financing or achieving climate change objectives.
This short piece identifies and begins to examine this trend away from global carbon market development and towards regional initiatives and some of the reasons for this movement……………………………………….Full Article: Source

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Speculators cut bets food prices will keep rising as supply concern eases

Posted on 24 May 2011 by VRS  |  Email |Print

Funds cut bets on rising prices for wheat, cocoa and other food commodities on easing concern about shortages and on speculation higher costs will curb demand.
Speculators reduced their net-long position in wheat by 54 percent to 11,206 futures and options contracts on the Chicago Board of Trade in the week ended May 17, data from the U.S. Commodity Futures Trading Commission show. The position in cocoa slumped 39 percent, in lean hogs 33 percent, in coffee 31 percent and in soybean oil 15 percent……………………………………….Full Article: Source

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Experts say commodities dip is temporary

Posted on 23 May 2011 by VRS  |  Email |Print

Li JingMany experts have concluded that this year may well be bullish for the commodities market, despite sagging commodity prices around the globe. Fundamentals of many commodities, such as demand, will remain unchanged in the long term, Li Jing, managing director and chairman of global markets for JPMorgan China, was reported as saying by the China Business News Saturday.
She said that investors should hold on to commodities that China lacks, and not be affected by the short-term drop in prices……………………………………….Full Article: Source

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The next commodities bubble is coming sooner than you think

Posted on 23 May 2011 by VRS  |  Email |Print

To hear the mainstream media tell it, the commodities bubble has burst. Commodities are plunging across the board in response to the latest U.S. data, most of which seems to suggest that the American economic recovery is waning. Oil, which closed at $100 a barrel yesterday, was particularly hard hit, which is why so many suggest the commodities bubble has met its end.
Don’t you believe it. Commodities prices will be back. In fact, 12 to 24 months from now, gold, silver and other commodities will be trading at higher prices than they were just a few weeks ago – when they were trading at record levels………………………………………Full Article: Source

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Commodity traders worry about a third wave

Posted on 23 May 2011 by VRS  |  Email |Print

Many investors have so far sold in May but whether they have gone away or are just waiting on the sideline remains to be seen.
Stock markets were very resilient during the first half of May despite the carnage in commodities. With important support levels however getting close to the near term there is additional risk reduction as inflation and lower growth begins to bite……………………………………….Full Article: Source

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Expect commodities to bring volatility to fund portfolio

Posted on 23 May 2011 by VRS  |  Email |Print

Average fund investors who decided a year or more ago to take a chance on commodities funds have found out recently what all the warnings and danger signs were about. Now the question is how they intend to deal with trouble.
Prices for commodities have risen dramatically over the last year, with a wide range of factors pushing the trend. Many investors used commodities to hedge against a weakening dollar and the threat of inflation……………………………………….Full Article: Source

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Commodities risk trade

Posted on 23 May 2011 by VRS  |  Email |Print

Commodities prices have been exceptionally volatile in recent weeks, with big daily rallies and plunges intermingled. Seemingly without rhyme or reason, commodities surge one day as traders crave riskier bets but then fall the next as they flee risk. While this commodities risk trade often looks capricious and schizophrenic, it actually has a logical and consistent driver. The state of the stock markets.
This perpetually frustrates countless commodities-centric investors and speculators……………………………………….Full Article: Source

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Ahmadinejad remains caretaker oil minister: aide

Posted on 23 May 2011 by VRS  |  Email |Print

President Mahmoud Ahmadinejad remains Iran’s caretaker oil minister, despite a ruling by the constitutional watchdog that he had no legal right to the post, ISNA news wire reported a vice-president saying on Sunday.
The report shows the conservative president has no intention of retreating from his move to personally oversee the Oil Ministry, criticised by adversaries as his latest step to accrue more power……………………………………….Full Article: Source

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OPEC new battleground for Saudi Arabia and Iran

Posted on 23 May 2011 by VRS  |  Email |Print

Opec is the latest battleground in Iran and Saudi Arabia’s cold war. News that Iranian President Mahmoud Ahmadinejad may attend the next Opec meeting, has the potential of setting the cat among the pigeons.
Opec is the latest battleground in Iran and Saudi Arabia’s cold war. News that Iranian President Mahmoud Ahmadinejad may attend the next Opec meeting set for June 8, has the potential of setting the cat among the pigeons……………………………………….Full Article: Source

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CME denies it burst silver bubble

Posted on 23 May 2011 by VRS  |  Email |Print

Craig Donohue, chief executive of the CME Group, the US futures and options giant, has defended the exchange’s decision to raise margin against commodities traded on its platform and has rejected claims the CME was responsible for a sell-off in silver futures.
Silver futures plummeted 27% in the first week of May, following margin hikes on the CME’s commodities trading platform. It was the biggest weekly plunge in silver prices since 1975 and followed an 84% increase in the amount of margin the CME demanded to be posted to secure positions……………………………………….Full Article: Source

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The Soros gold sale. Has it signalled the end of the gold and silver bull market?

Posted on 23 May 2011 by VRS  |  Email |Print

George Soros, the billionaire founder of Soros Fund Management LLC, sold most of his holdings in the bullion-backed SPDR Gold Trust and iShares Gold Trust funds in the first quarter, while buying shares of mining companies Goldcorp and Freeport-McMoRan Copper & Gold.
Soros’s fund held 49,400 shares of SPDR Gold Trust as of March 31, compared with 4.721 million at the end of the fourth quarter. The New York-based fund sold all 5 million shares it held in iShares Gold Trust………………………………………Full Article: Source

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China becomes world’s largest gold buyer

Posted on 23 May 2011 by VRS  |  Email |Print

Gold and silver are higher again today with the debt-laden dollar, euro and yen all being sold. News that China has become the world’s largest buyer of gold bullion and has seen investment demand double continues to reverberate in the markets and may have contributed to this morning’s strength.
Both gold and silver are marginally higher for the week and after last week’s gain appear to have regained their poise and are consolidating after the recent sell off……………………………………….Full Article: Source

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World crude steel output rises 5pct in April

Posted on 23 May 2011 by VRS  |  Email |Print

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 127 million metric tons (mmt) in April 2011. This is 5.0% higher than in April 2010.
China’s crude steel production for April 2011 was 59.0 mmt, up 7.1% compared to April 2010. Japan produced 8.4 mmt of crude steel in April 2011, a decrease of -6.3% compared to the same month last year due to the production disruption caused by the recent earthquake and tsunami……………………………………….Full Article: Source

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Uranium rebound seen on China nuclear plans

Posted on 23 May 2011 by VRS  |  Email |Print

The biggest drop in prices of uranium in two years may be ending as China and India plan atomic power developments that will more than double global production even after Japan’s nuclear disaster.
The radioactive metal has slumped 8.7 percent this year, the most since 2009, after tumbling as much as 27 percent as governments reviewed nuclear plants following the Japanese crisis in March, according to prices from MF Global Holdings Inc……………………………………….Full Article: Source

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Shanghai Gold Exchange planning to start ETF

Posted on 23 May 2011 by VRS  |  Email |Print

Another gold ETF needing to be fed with copious amounts of physical gold bodes well for the demand side of the gold equation. With $483 million raised in January the Chinese have signaled their support for such a product, so coupled with increasing demand for the metal of Kings, it will be worth watching how this one performs.
The rise of the ETF as a investment/trading vehicle has been phenomenal and if the Chinese get the ‘bug’ then there is telling just how large this ETF could become……………………………………….Full Article: Source

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Commodity ETF flows report: Bleeding slows as energy and Ag ETFs offset SLV outflows

Posted on 23 May 2011 by VRS  |  Email |Print

The bleeding in commodity-related exchange-traded products didn’t entirely stop last week, but it sure slowed down. Investors took out a relatively modest $280 million from said ETPs, dropping total assets to $161 billion. But assets are actually about $1 billion higher than last week, due to modest gains in most commodity prices.
In contrast to prior weeks, however, sector performance was rather uneven. In fact, three of the five sectors actually saw inflows, led by energy with $148 million……………………………………….Full Article: Source

Oman sovereign wealth fund to buy 5pct in NCDEX

Posted on 23 May 2011 by VRS  |  Email |Print

Oman Investment Fund (OIF), a sovereign wealth fund owned by the Oman government, and a hedge fund have agreed to buy part of National Stock Exchange’s stake in National Commodity & Derivatives Exchange (NCDEX) in a deal that would value the bourse at Rs 700 crore.
“OIF has agreed to pick up 5% in the commodity exchange from NSE and a hedge fund will buy 1.1% at a little under Rs 145 a share, the price Renuka Sugars paid to buy 7% in NCDEX from Crisil last year,” said a person aware of the development……………………………………….Full Article: Source

Why Glencore is unfazed by commodities rout

Posted on 23 May 2011 by VRS  |  Email |Print

Depending on what side of the trade you were, many commodity investors want to put this month behind them. The first week of May witnessed an 11 percent slide in Standard & Poor’s GSCI Index of 24 commodities — the worst rout in almost two years.
Given this type of market volatility, conventional wisdom would suggest this isn’t the best environment or time for a commodity company to raise capital through an initial public offering……………………………………….Full Article: Source

Risk rally ending for currencies turns focus to new least ugly

Posted on 23 May 2011 by VRS  |  Email |Print

The best-performing currencies of 2011 are falling out of favor as the Federal Reserve plans its exit from record monetary stimulus just as the global economy shows signs of slowing, buffeting commodities and stocks.
A basket of nine currencies including Australia’s dollar and the Norwegian krone has dropped 3.3 percent in May against the U.S. dollar, after rising 7.3 percent in the first four months of 2011, according to data compiled by Bloomberg……………………………………….Full Article: Source

Asian currencies fall as European debt crisis curbs risk-taking

Posted on 23 May 2011 by VRS  |  Email |Print

Asian currencies weakened, led by South Korea’s won and Singapore’s dollar, as Europe’s worsening sovereign-debt crisis reduced demand for higher-yielding emerging-market assets.
The MSCI Asia-Pacific Index of regional shares dropped to the lowest level since March after Fitch Ratings cut Greece’s credit rating by three levels on May 20, citing the challenge of fiscal and structural reform needed to secure the state’s solvency. Standard and Poor’s lowered Italy’s rating outlook to negative on the same day……………………………………….Full Article: Source

UK pledges carbon emission cuts of 50pct by 2025

Posted on 23 May 2011 by VRS  |  Email |Print

The UK will halve its greenhouse gas output by 2025 from 1990 levels, Energy and Climate Secretary Chris Huhne said on 17 May.
Huhne told members of Parliament that the target, agreed by the government, would “set Britain on the path to green growth.” “It will establish our competitive advantage in the most rapidly growing sectors of the world economy,” Huhne was quoted as saying by the press……………………………………….Full Article: Source

Can you profit in agricultural commodities?

Posted on 20 May 2011 by VRS  |  Email |Print

Jennifer DowtyBad weather — and plenty of it — is one factor behind soaring food prices. Can you make hay with farm stocks? Possibly. But be prepared to harvest your gains on a moment’s notice.
Farming has never been easy, and farming along the Mississippi and its tributaries has become a waterlogged nightmare. Millions of acres have been flooded so far, which means that harvests of many crops will fall short of previous estimates……………………………………….Full Article: Source

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