Mon, Jul 28, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Archive | December, 2011

What factors will drive commodity markets in 2012?

Posted on 21 December 2011 by VRS  |  Email |Print

Sterling SmithEuropean woes related to sovereign debt and potential Middle East tensions will likely dominate headlines for financial and commodity markets in 2012, most market watchers have said, and the volatility seen this year could be part of the trading landscape next year, too.
That means market participants will have to be nimble and prepared for any gyrations that may come to pass from these regions. Yet it’s often the news that comes seemingly out of nowhere that can really catch investors off guard and harm their portfolios………………………………………..Full Article: Source

Barclays: Only 11 out of 48 commodities seen bullish in 2011

Posted on 21 December 2011 by VRS  |  Email |Print

Commodity markets are mostly under pressure this year, with only 11 out of 48 commodities having registered bullishness for the year, said Barclays Capital in their last Commodity Briefing of 2011.
According to Barclays, top performer in commodity is feeder cattle, which is so far up 18% on the year. Gold is the top performer in the precious metal section while silver, Platinum and Palladium underperformed………………………………………..Full Article: Source

Commodities run in supercycles

Posted on 21 December 2011 by VRS  |  Email |Print

Commodity prices can be very volatile, oftentimes more so than just about any other asset class. These large price swings, which have been particularly evident in recent years, have given commodities their reputation for high risk. Those investors who lack a large buffer of disposable risk capital are repeatedly advised to steer clear.
But for those investors who can bear the risk, and who look to invest in commodities as an inflation hedge, there is some evidence to suggest that commodity prices move in long term “supercycles,” which play out over years and even decades. By observing and understanding these movements, these investors may be able to be more strategic in their approach………………………………………..Full Article: Source

Over 20 nations dangerously vulnerable to ‘resource curse’

Posted on 21 December 2011 by VRS  |  Email |Print

An Oxford Policy Management study of mineral dependent countries-believed to be the first of its kind-finds more than 20 low- and middle-income countries “have become dangerously dependent on the exports of minerals such as metals and hydrocarbons…leaving the countries highly vulnerable to a global economic downturn.”
About 75% of all mineral-dependent countries are now low- and middle-income countries, while the number classed as mineral-dependent has increased by 33% since 1996 from 46 to 61 nations……………………………………….Full Article: Source

Top 10 global economic themes and tips for 2012

Posted on 21 December 2011 by VRS  |  Email |Print

If it wasn’t clear to you yet, nobody on earth will has illusions of grandeur for the global economy situation. But here’s Merrill Lynch’s handy guide to navigating through 2012.
Investors should expect another turbulent year of market volatility during 2012 from a mix of heightened policy risk, political uncertainty, low growth and low interest rates, all of which will translate into modest investment returns, according to BofA Merrill Lynch Global Research’s 2012 Year Ahead Outlook………………………………………..Full Article: Source

The speculative scrum driving up food prices

Posted on 21 December 2011 by VRS  |  Email |Print

Bankers, hedge funds and sovereign wealth funds are gambling on hunger by speculating on food supply. Global regulators should step in to stop them.
Last year, the price of global food floated high as ever. That’s bad news for most of us, but not for those who trade commodities. In fact, 2011 was a great year for the traders, who thrive on bad news, currency woes, drought, flood, freeze, fire and all other manifestations of imminent apocalypse………………………………………..Full Article: Source

Now, investing in gold a better choice?

Posted on 21 December 2011 by VRS  |  Email |Print

You’ve probably seen the signs by now, since they’re pretty much everywhere you turn. People are buying Gold in record numbers and it really shows no sign of stopping. From television commercials to pawn shops, the number of buyers for gold has triggered a modern gold rush.
If investing in gold sounds like a good idea to you, that’s because it is. Most investing experts recommend that your portfolio be made up of three to twenty percent gold investment………………………………………..Full Article: Source

Commodities: Gold at a crossroads

Posted on 21 December 2011 by VRS  |  Email |Print

As gold surged towards the $1900 per ounce price level over the past few months, there has been growing interest in gold as part of a well-diversified portfolio – and as a safe-haven investment.
Indeed, the gold positions of large and well-respected institutional investors such as the University of Texas endowment, and hedge fund manager, Paulson & Company, have been in the news………………………………………..Full Article: Source

Analysts predict gold could drop as low as $1,000

Posted on 21 December 2011 by VRS  |  Email |Print

The price of gold bullion has dropped more than 17 percent from an all-time high reached in September as strapped hedge funds and sovereign funds sell the precious metal to raise money and the strong U.S. dollar strips it of its safe haven status.
In fact, some experts say it could go as low as $1,000 an ounce in the foreseeable future………………………………………..Full Article: Source

Tsunami intact: Gold to rise to $3,000+ by mid-year - Goldrunner

Posted on 21 December 2011 by VRS  |  Email |Print

Our work with gold is based on a “Model” off the late 70’s Gold Bull that has been replicating nicely since we started the Fractal Work with gold back in 2002 and 2003. Short-term volatile moves in gold, as we have seen over the past weeks, do not affect our projections based on the model, leaving the expectation of a move in gold up to $3,000 into mid-year based intact as outlined in a previous article entitled Gold Tsunami: on the Cusp of $3000+?
This is no different than our projection calling for gold going to $1860 to $1920 back in April in an article entitled Goldrunner: Gold on track to Reach $1860 to $1,920 by Mid-year………………………………………..Full Article: Source

The Economy in 2012 - and its implications for gold

Posted on 21 December 2011 by VRS  |  Email |Print

There has always been a natural desire to understand the future insofar as it makes us better prepared to face its challenges and, let’s be honest, we can profit by it.
In recent years economic forecasting has been amplified from something that is simply useful - to something upon which, some commentators would suggest, our very survival depends. A view on ‘the economy’ is now de rigueur both in the boardroom as well as the dinner party scene. With concerns about the economy reaching epic proportions, the stakes are now very much raised as we approach year end………………………………………..Full Article: Source

Price of gold expected to rise in 2012: Survey

Posted on 21 December 2011 by VRS  |  Email |Print

Eighty per cent of mining companies in the world expect the price of gold to go up in 2012, according to PwC’s annual gold price report. And more than half of respondents to the PwC survey expected gold would peak next year at $2,000.
Higher gold prices usually translates into higher stock prices and 62 per cent of respondents said this was the case………………………………………..Full Article: Source

Platinum appears to have stabilized above $1,400/oz

Posted on 21 December 2011 by VRS  |  Email |Print

Platinum appears to have stabilized above the $1,400 an ounce level for now. Weakness for the metal mainly came from selling by speculative financial investors, according to market positioning statistics, said Commerzbank in a research note.
Commerzbank noted that money managers in the CFTC data cut their net long positions in the week to Dec. 13 for the fourth week running and short positions reached their highest level since the start of this data series. Sister-metal Palladium saw a similar story: net long positions are at their second-lowest level ever………………………………………..Full Article: Source

Zinc prices to remain weak in 2012

Posted on 21 December 2011 by VRS  |  Email |Print

Zinc prices are expected to remain low as the general weakness in base metals continues into 2012. Uncertainty with regard to global growth is keeping buyers in check thereby putting downside pressure on the commodity
LME zinc prices are trading over 20% down at below $1900/tonne after hitting its 2011 high of around $2500/tonne in the early part of the year………………………………………..Full Article: Source

Steel price outlook For 2012

Posted on 21 December 2011 by VRS  |  Email |Print

Watching steel price trends reminds me of a case study question that a potential employer once asked me.
The case study goes like this – “Using deductive reasoning, how many pet groomers are in the US?” Without getting into all of the details of my answer, let us say, I began answering the question logically…examining the number of people in the US, the number of people that own pets, the number of people that own pets that require grooming and so on and so forth………………………………………..Full Article: Source

Thermal coal prices predicted to rise; producers to benefit

Posted on 21 December 2011 by VRS  |  Email |Print

In its first-ever report about thermal coal, the International Energy Agency (IEA) paints a fairly rosy outlook for the next five years.
Thermal coal is used to fire power stations to generate electricity. It remains the world’s second most important source of energy behind only crude oil………………………………………..Full Article: Source

Comfort for consumers in latest OPEC oil data

Posted on 21 December 2011 by VRS  |  Email |Print

Consumers concerned about whether OPEC will supply the oil market with everything it needs in 2012 can take comfort from new data showing that core members of the group largely fulfilled promises to offset the loss of Libyan exports earlier this year.
Although some analysts have questioned whether OPEC’s new 30 million barrel a day production cap could overly tighten the market in the short term, the new figures suggest consumers can have some faith in Saudi Arabian assurances that oil markets will be adequately supplied next year………………………………………..Full Article: Source

OPEC reference basket settles above $110 mark in November

Posted on 21 December 2011 by VRS  |  Email |Print

The Organisation of Petroleum Exporting Countries, OPEC, Reference Basket increased in November to settle above the $110 mark for the first time since July this year.
The oil cartel in its monthly oil market report for December 2011 showed that the upward movement of the basket, which began gradually in the first half of the month, was supported by efforts to address the Euro-zone crisis, renewed geopolitical concerns, and US data showing a slight improvement in the economy………………………………………..Full Article: Source

Hedge-fund refuge sought by traders amid bank cuts: Commodities

Posted on 21 December 2011 by VRS  |  Email |Print

Traders in energy, metals and agriculture are opening or joining hedge funds after leaving financial firms that cut more than 233,000 jobs this year, data compiled by Bloomberg show.
Departures of commodity traders from banks probably rose 10 percent this year, according to Commodity Search Partners Ltd., a Brighton, England-based recruiter. Pay for that group will drop 24 percent on average, estimates Options Group, a New York- based recruitment firm………………………………………..Full Article: Source

ETF industry faces tough times in 2012

Posted on 21 December 2011 by VRS  |  Email |Print

Europe’s exchange-traded-funds industry could find itself facing its toughest times in 2012 as investors lose confidence in passively managed portfolios that have struggled to cope with markets in the grip of the sovereign debt crisis.
ETFs are investment funds that are traded like a share on stock markets. An ETF can track an index, such as the FTSE 100, a commodity, or a basket of assets. They are popular as a means to get cheap and diversified exposure to assets………………………………………..Full Article: Source

Top 10 commodity producers ETFs

Posted on 21 December 2011 by VRS  |  Email |Print

Our goal in this profile is to help investors wade through the many competing ETF offerings available. Using our long experience as an ETF publication, and nearly 40 years in the investment business, we can help select those ETFs that matter and may or may not be repetitive. The result is a more manageable list of issues from which to view and make selections.
Commodity-based companies and associated ETFs are critically important as a gauge of economic health and demand, inflation and are also critical additions to investment portfolios………………………………………..Full Article: Source

MCX becomes world’s 5th top commodity exchange

Posted on 21 December 2011 by VRS  |  Email |Print

India’s leading commodity bourse MCX Ltd has become the world’s fifth largest commodity futures exchange — becoming the first Indian entity to join the top-five league in terms of the number of contracts.
In a statement issued today, MCX Ltd said that it has become the world’s fifth largest in terms of the number of futures contracts traded during the period January to June 2011, based on Futures Industry Association (FIA) volume survey and market data………………………………………..Full Article: Source

Rio de Janeiro to set up carbon trading exchange

Posted on 21 December 2011 by VRS  |  Email |Print

Rio de Janeiro state will set up Brazil’s first carbon exchange on Tuesday that beginning in 2013 will allow businesses to trade credits to comply with mandatory pollution limits Rio plans to introduce in 2012, the state’s environment department said on Monday.
From now until when trading is expected to begin in 2013, the exchange will create a trading platform and define contract criteria………………………………………..Full Article: Source

EU ETS - good news for a change

Posted on 21 December 2011 by VRS  |  Email |Print

The EU ETS finally received some good news in response to the vote by the European Parliament’s environmental committee to approve a draft of the new energy efficiency directive, according to Trevor Sikorski of Barclays Capital. While addressing energy efficiency is a right in its own, it is expected to reduce emissions in both the traded and non-trade sectors.
The good news according to Sikorski is that in response to these measures, the draft directive now contains provisions that would:……………………………………….Full Article: Source

EU set to charge international airlines for carbon emissions

Posted on 21 December 2011 by VRS  |  Email |Print

The EU looks likely to impose a system of carbon trading on all passenger flights taking off or landing in member states. Europe’s most senior court is expected to rule on Wednesday that airlines based outside the continent should have to pay for their carbon emissions on flights to or from EU member states, in a crucial test of climate change regulation.
At stake are millions of tonnes in carbon dioxide emissions from aeroplanes, as airlines at present have little or no incentive to cut their greenhouse gases………………………………………..Full Article: Source

Commodities lose more than equities globally

Posted on 20 December 2011 by VRS  |  Email |Print

T GnanasekarWhile the recent downward spiral in assets such as equities and commodities started around the end of July, globally the fall has been much sharper in the latter. In the five months since the US rating downgrade, commodities have lost 11.27 per cent (on the all commodity index of S&P GSCI).
The metals index was the worst performer, losing 23.4 per cent, while agri commodities lost 16.8 per cent globally. In comparison, major equity indices such as the Dow and FTSE lost only 5.6 and eight per cent, respectively. The Brazil equity market was down just over five per cent and Mexico two per cent up………………………………………..Full Article: Source

JPMorgan says commodities to gain in second half led by energy

Posted on 20 December 2011 by VRS  |  Email |Print

Jan LoeysJPMorgan Chase & Co. said commodities are poised to gain in the second half of 2012 after a “weak” first quarter, with energy providing the biggest returns.
Demand for industrial commodities will decline in the coming months because of a “subdued” global growth as Europe goes into recession and China’s economy decelerates, the bank said in a report dated Dec. 16. Easing measures in China and the U.S. will help boost global growth and raw materials demand from the second quarter of 2012, according to the report………………………………………..Full Article: Source

Commodity funds pick oil as safest option: John Kemp

Posted on 20 December 2011 by VRS  |  Email |Print

In a tough landscape for commodities, most hedge funds and other money managers have decided to stick with long positions in crude oil, boosting their investments even as prices slide.
For commodity funds, who must basically be long of something to justify their continued existence, crude is the least-dangerous among a series of tricky alternatives………………………………………..Full Article: Source

Libyan, Iraqi output lead OPEC to raise target: Persian Gulf Oil

Posted on 20 December 2011 by VRS  |  Email |Print

Saudi Arabia won over fellow OPEC members to forge agreement on a new oil production ceiling for the first time in three years, to accommodate increasing output from Libya and Iraq.
Qatar International Petroleum Marketing Co., known as Tasweeq, offered 3 million barrels of Al-Shaheen crude for February loading. Libya’s National Oil Corp. agreed to buy 3 million tons of gasoline next year from four international companies, according to the manager of its supply department………………………………………..Full Article: Source

2012 gold averages: Goldman $1,810/oz, Barclays $2,000/oz and UBS $2,050/oz

Posted on 20 December 2011 by VRS  |  Email |Print

Gold has fallen marginally in most currencies, extending last week’s loss, which was the biggest in nearly three months. Gold’s weakness continues despite negative economic news such as Fitch’s warning regarding downgrading France and other countries and geopolitical risk after the death of North Korea’s Kim Jong-il.
Fitch warned it may downgrade France and six other euro zone nations as it believes a comprehensive solution to the region’s debt crisis is “technically and politically beyond reach.”……………………………………….Full Article: Source

Gold to slip below $1,500 in next 3 mnths: Poll

Posted on 20 December 2011 by VRS  |  Email |Print

Gold prices will fall below USD 1,500 an ounce over the next three months and are unlikely to retest September’s all-time highs until later 2012 at the earliest, according to a Reuters poll of 20 hedge fund managers, economists and traders.
The bleak forecast, coming after gold has lost 11% of its value so far this month, is likely to fuel fears that bullion is close to ending its more than decade long bull run and entering a bear market………………………………………..Full Article: Source

Some experts warn gold could drop to $1,000

Posted on 20 December 2011 by VRS  |  Email |Print

The price of gold bullion has dropped more than 17 percent from an all-time high reached in September as strapped hedge funds and sovereign funds sell the precious metal to raise money and the strong U.S. dollar strips it of its safe haven status.
In fact, some experts say it could go as low as $1,000 an ounce in the foreseeable future. “Gold was a safe haven, a hedge and a speculative trade all at the same time,” Michael Murphy, CEO of Rosecliff Capital, a hedge fund, told CNBC. “Long gold has been a winning trade for years.”……………………………………….Full Article: Source

Gold suffers dramatic plunge in price

Posted on 20 December 2011 by VRS  |  Email |Print

Such was the scale of last week’s sell-off, it sparked worries we are seeing a re-run of the events of 2008, when the global financial meltdown began. Gold was the main headline-grabber, as the “safe haven” metal saw a dramatic plunge in its price.
On Thursday, the spot gold price dropped below its 200-day moving average, a threshold that previous slides had failed to breach for three years. Market-watchers said gold was falling through both psychological and technical barriers, as the drop triggered sell-offs by computer trading programmes………………………………………..Full Article: Source

Confused about falling prices of gold and silver?

Posted on 20 December 2011 by VRS  |  Email |Print

Are the gold bubble prognosticators right? Is the run in gold and silver over as they fall to a three month low? Nothing could be further from the truth. The reason gold and silver prices have fallen of late is because, as I have been saying, the Dollar Index is rising.
This is a 40 year pattern that was last repeated in 2008 when the Dollar Index broke above the 80 mark. Yesterday, the Dollar Index broke above the 80 mark again………………………………………..Full Article: Source

Silver to hit 34/oz in 2012 and $37/oz in 2013: BofAML

Posted on 20 December 2011 by VRS  |  Email |Print

Bank of America Merrill Lynch (BofAML) estimated that there is a good upside potential in 2012 Silver prices. As per the bank, prices should average $34/oz, followed by $37/oz in 2013, because of continued interest in the metal. Also, the bank believes that $30/oz silver is justifiable at present.
According to BofAML, silver fundamentals have been improving in recent years for a host of reasons, including increased demand from emerging markets, somewhat reduced drag from the photography sector and higher usage from new applications………………………………………..Full Article: Source

Copper prices to rise in Q1 2012 but supply concerns remain

Posted on 20 December 2011 by VRS  |  Email |Print

Despite finally reaching an agreement with management, workers at Freeport McMoRan’s giant Grasberg mine further delayed their return to work after a three month strike that the company says is costing it roughly 2m pounds of copper production daily.
While an extreme case, the situation at Grasberg, the world’s second largest copper mine, is not the only setback facing the supply side of the global copper market………………………………………..Full Article: Source

How to lose money investing in commodities

Posted on 20 December 2011 by VRS  |  Email |Print

With real estate markets in the gutter, treasury yields at all-time lows, and equity markets plagued with instability, it’s no wonder that commodity investing has been surging in recent years.
Many investors have hopped on board with the various benefits that these investments offer, including inflation protection, equity hedges, and diversification benefits to overall portfolios. Commodity are very powerful, yet often misunderstood tools. While the statistics vary, “as many as 90-95% of investors trading commodities lose money” says Matthew Bradbard of MB Wealth………………………………………..Full Article: Source

Hedge-fund refuge sought by traders amid bank cuts: Commodities

Posted on 20 December 2011 by VRS  |  Email |Print

Traders in energy, metals and agriculture are opening or joining hedge funds after leaving financial firms that cut more than 233,000 jobs this year, data compiled by Bloomberg show.
Departures of commodity traders from banks probably rose 10 percent this year, according to Commodity Search Partners Ltd., a Brighton, England-based recruiter. Pay for that group will drop 24 percent on average, estimates Options Group, a New York- based recruitment firm………………………………………..Full Article: Source

Ethiopian Exchange sells 92 seats

Posted on 20 December 2011 by VRS  |  Email |Print

The Ethiopian Commodity Exchange sold 92 seats, with full membership privileges, last week. The seats were sold at competitive bid held at the Wabi Shebelle Hotel. The exchange will earn 123,370,708.81 birr from the sale.
50 of the 92 full membership seats on offer were allocated to limited members and suppliers previously engaged in limited trading on the exchange. 66 bids were received for the 50 seats with the highest bid received from Ato Teklay Gebre-Mariam Gebre-Medhin for 2,000,150 birr………………………………………..Full Article: Source

China’s yuan: Becoming a global currency?

Posted on 20 December 2011 by VRS  |  Email |Print

In 2012 China will maintain a ‘generally stable’ exchange rate of its national yuan currency, a statement released during the annual economic work conference in Beijing says. Experts agree that a tendency to make the yuan a more global currency will continue next year.
Chinese economists believe that the greater use of the yuan is a natural process which meets the interests of China and also promises positive changes to the international currency system………………………………………..Full Article: Source

What if the Euro fails?

Posted on 20 December 2011 by VRS  |  Email |Print

When the European sovereign debt crisis began in late 2009, few experts believed it would bring about the demise of the euro, a currency used by 17 of the 27 European Union countries.
But today, with a steady stream of bad news coming from Europe, speculation has grown — at least in some circles — that the euro’s days might be numbered or at least that a handful of the most troubled countries like Greece might exit the euro and use their own currency going forward………………………………………..Full Article: Source

Euro in crisis 8pct stronger than average since 1999 as losses seen for 2012

Posted on 20 December 2011 by VRS  |  Email |Print

The euro, after falling to its weakest level against the dollar since January, is poised to depreciate further as traders lose confidence in the ability of European leaders to contain the region’s debt crisis.
Measures in the derivatives market ranging from future volatility implied by option prices to the cost of insuring against a drop in the euro to the record number of bearish bets by hedge funds and other speculators, show traders expect the blueprint unveiled by European leaders this month for a closer fiscal accord will fail to stem the declines………………………………………..Full Article: Source

Emerging-market currency 2012 cheat sheet: Risks abound

Posted on 20 December 2011 by VRS  |  Email |Print

Abundant external risks and defensive posture among investors could prevent the 2012 turnaround for emerging-market currencies that some investors are hoping for.
Currencies from developing economies got hammered in 2011, as the euro-zone crisis intensified and economic data verified concerns about slowing global growth. The Indian rupee has fallen 18% against the dollar, while the South African rand dove 27% against the U.S. currency, according to CQG. Even investor favorites like the Brazilian real and the offshore Chinese yuan were not immune to severe bouts of risk aversion………………………………………..Full Article: Source

South Korea’s carbon trading law put on hold after boycotts

Posted on 20 December 2011 by VRS  |  Email |Print

South Korea said conflicts between opposition and ruling party lawmakers are disrupting efforts to make polluters pay for their emissions starting in 2015.
Opposition parties have boycotted all agenda schedules of the National Assembly, including those concerning carbon trading, Park Chun Kyoo, director general of the Presidential Committee on Green Growth, said……………………………………….Full Article: Source

Commodity prices fall on global slowdown (Video)

Posted on 20 December 2011 by VRS  |  Email |Print

The price of commodities like oil and gold has fallen in the last few months of 2011, as the global economy has slowed amid worries over the eurozone crisis.
David Lennox of Fat Prophets in Sydney told the BBC he believes commodity markets will remain volatile into 2012 but prices will rise once again towards the end of next year………………………………………..Full Article: Source

Commodities feel the blues due to slowdown

Posted on 19 December 2011 by VRS  |  Email |Print

Weakness in global equity markets, uncertainty in the Euro zone, and a slowdown in China and other emerging markets has had a ruboff effect on commodities as well. The sentiment is likely to remain weak till some positive signal emerges. There was a sell-off in all major commodities like gold, silver, crude oil along with base metals and agri commodities.
Base metals and silver were among the biggest losers while agri commodities were the least impacted. Wheat and soybean also managed to post a marginal gain of a 1%………………………………………..Full Article: Source

Global food commodity inflation seen easing in 2012 - Moody’s

Posted on 19 December 2011 by VRS  |  Email |Print

Global food commodity inflation will likely ease in 2012, Moody’s Investor Service said Monday, but the rating company warned that food companies might attempt to recapture stronger profits through price increases, after exhausting margin-saving measures.
The ability to pass raw material price increases on to customers has cushioned the food sector over the last year, Moody’s said, but slowing demand due to Europe’s uncertain macroeconomic situation will make it harder for them to do so in future, and margins could contract if input costs rise again………………………………………..Full Article: Source

Investors in ‘fetal position’ cut bets as Goldman sees rally: Commodities

Posted on 19 December 2011 by VRS  |  Email |Print

Speculators reduced bets on commodities to a 31-month low on mounting concern that global economic growth is slowing as Goldman Sachs Group Inc. (GS) and Barclays Capital reiterated predictions that prices will gain.
Money managers cut combined net-long positions across 18 U.S. futures and options by 9.6 percent to 532,521 contracts in the week ended Dec. 13, Commodity Futures Trading Commission data show. That’s the lowest since April 28, 2009. Wagers on gold dropped to an eight-week low and coffee holdings tumbled 60 percent, the most since August………………………………………..Full Article: Source

Trading: Analyst reckons commodities rally in store

Posted on 19 December 2011 by VRS  |  Email |Print

The long-in-the-tooth commodities correction plunged to new lows this week. Traders were disappointed the Fed didn’t announce a new quantitative-easing campaign, so they dumped the popular commodities with a vengeance.
But realise the primary driver of the recent commodities weakness is not the Fed, but a strengthening US dollar. The coming commodities price action heavily depends on its fortunes………………………………………..Full Article: Source

Commodities to weather storms

Posted on 19 December 2011 by VRS  |  Email |Print

Australia’s commodities sector is bracing for another active cyclone season, but unlike last year, prices of key exports such as iron ore, coal and sugar may show little reaction as Europe’s economic turmoil and surplus crops pressure markets.
A barrage of cyclones and tropical storms during the last November-to-March “wet” season flooded collieries and halted iron ore mining while ripping apart sugar and wheat crops, driving up commodities prices around the world. Meteorologists predict more storms than usual this season as a La Nina weather pattern again brings heavy rains………………………………………..Full Article: Source

December 2011
S M T W T F S
« Nov   Jan »
 123
45678910
11121314151617
18192021222324
25262728293031