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Commodities Briefing - Archive | February, 2012

What investors expect from commodities

Posted on 29 February 2012 by VRS  |  Email |Print

Kevin NorrishWhile a desire to reduce risk prompted investors to cut their exposure to commodities in 2011, this year looks to be shaping up differently.
Crude oil, copper and gold are expected to be the top performers in 2012, while natural gas is forecast to be the worst, according to a Barclays Capital survey of more than 100 institutional investors in Europe and the United States………………………………………..Full Article: Source

Commodity inflows set for a healthy gain in 2012

Posted on 29 February 2012 by VRS  |  Email |Print

Commodity investments may rise by $30 billion to $40 billion this year as investors favor oil, gold and copper, Barclays Capital said. The projected gain compares with an increase of $15 billion to $30 billion forecast in a Barclays survey of more than 100 institutional investors in Europe and the U.S. Assets in commodities climbed $15 billion last year, the least since 2002, to $399 billion, Barclays said.
“Investors expect to see a good, healthy year in terms of commodity inflows,” Kevin Norrish, an analyst at Barclays in London, said last week. “It’s not going to be one of the strongest years ever, but it’s going to be a strong recovery over 2011.”……………………………………….Full Article: Source

Why precious metals are rallying

Posted on 29 February 2012 by VRS  |  Email |Print

Gold prices Tuesday settled at their highest level since November, while silver, platinum and palladium finished at levels not seen since September. The 2012 precious-metals rally is alive and well, it would seem.
There was a time when such a rally might have meant the world was careening unstoppably toward financial catastrophe, but that doesn’t appear to be the driving force behind precious metals today……………………………………….Full Article: Source

Return to gold standard would be damaging

Posted on 29 February 2012 by VRS  |  Email |Print

A return to the gold standard would be impractical and could even be damaging to the financial system, even though it can serve as a hedge against declining values of fiat currencies and plays a role as a reserve asset, a think-tank said on Tuesday.
The price of gold, which last year hit a record high above $1,920 an ounce and on Tuesday traded near $1,780, has been rising for the last 11 years, driven by widespread appetite for the metal including from central banks, whose purchases are at their highest for at least two decades………………………………………..Full Article: Source

The enduring popularity of gold

Posted on 29 February 2012 by VRS  |  Email |Print

The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released earlier this month. Gold demand grew 0.4% in 2011 despite a 28% year-over-year increase in bullion’s average price.
After flirting with the top spot for some time, China emerged as the world’s largest gold market for jewelry and investment during the fourth quarter of 2011 as demand in India weakened. This is the first time China’s demand outpaced India’s in 11 quarters………………………………………..Full Article: Source

Gold susceptible to profit-taking at $1800/oz: Barclays

Posted on 29 February 2012 by VRS  |  Email |Print

Gold prices are taking a breather after rallying to levels last seen over three months ago. The broader macro backdrop remains gold-favourable given the negative interest rate environment, lingering sovereign debt uncertainties and the weakening of the dollar drawing investment interest.
The physical market response has been more mixed, making gold prices susceptible to profit-taking in the near term………………………………………..Full Article: Source

Is the silver surge sustainable?

Posted on 29 February 2012 by VRS  |  Email |Print

Silver has been about the best performing metal commodity so far this year, currently fetching more than 25% more than it did at the close of 2011 - not a bad performance in a short couple of months! However the big question for silver investors is whether its current rate of progress is sustainable - and depending on who you listen to for advice it’s a tough call.
Firstly, on a pure supply and demand basis, the position is controversial………………………………………..Full Article: Source

Jewelers desire platinum for Asian buyers after gold vaulted

Posted on 29 February 2012 by VRS  |  Email |Print

Platinum is luring jewelers away from gold after investors’ purchases of bullion to escape market turmoil pushed prices to records. Gold surpassed platinum as the most expensive metal used in jewelry in August for the first time since December 2008. Gold demand from jewelry makers dropped 3 percent last year, according to the World Gold Council.
Platinum use climbed 1.8 percent, according to an estimate by Johnson Matthey Plc (JMAT), a global marketer and distributor of the precious metal………………………………………..Full Article: Source

Is uranium mining forecasting a supply shortfall?

Posted on 29 February 2012 by VRS  |  Email |Print

We have constantly advocated investments in uranium mining (URA), particularly in friendly jurisdictions such as North America.
This support of the nuclear sector (NLR) has often been in the face of formidable attacks by naysayers, using every weapon in their arsenal to denigrate proponents of atomic energy. No other sector in recent memory has had to withstand such a barrage………………………………………..Full Article: Source

The definitive guide to palladium investing in 2012

Posted on 29 February 2012 by VRS  |  Email |Print

Like all other precious metals, palladium is bought and sold in the form of bullion coins and bars. The most popular palladium bullion bars today are minted by Credit Suisse, Pamp Suisse and Engelhard. As far as coins, the only government-issued palladium coin on the market today is the Canadian Palladium Maple Leaf.
Palladium bars and coins are available at most large coin shops and online bullion dealers. And the premium on palladium is pretty reasonable, compared to other bullion………………………………………..Full Article: Source

Energy prices fall on signs demand may ebb

Posted on 29 February 2012 by VRS  |  Email |Print

Natural gas fell after forecasts showed warmer-than-usual weather, limiting demand for the heating fuel. Temperatures across most of the U.S. will be normal or above average from Feb. 26 to March 8, according to the National Weather Service. Gas has dropped 16 percent this year as mild winter weather and record production contributed to an increasing surplus.
On the New York Mercantile Exchange, gas futures for April delivery declined 3.2 percent to $2.519 per million British thermal units………………………………………..Full Article: Source

OPEC leaders are ‘laughing at us’: Donald Trump

Posted on 29 February 2012 by VRS  |  Email |Print

The leaders of OPEC are “sitting around their table, setting the price of oil and laughing at us because we have no leadership,” real estate mogul Donald Trump told CNBC Tuesday.
That includes U.S. ally Saudi Arabia, whose Prince Alawaleed bin Talal recently told CNBC the price of oil won’t exceed $100 a barrel. Crude oil is currently at around $108………………………………………..Full Article: Source

Chu says U.S. considers oil reserve amid Iran ‘concern’

Posted on 29 February 2012 by VRS  |  Email |Print

The Obama administration is considering the option of tapping the Strategic Petroleum Reserve amid concerns that Iran will interrupt oil supplies and push gasoline prices higher, Energy Secretary Steven Chu said.
“We’re very concerned about what’s happening in Iran, and so we’re working with” the International Energy Agency, Chu told reporters today after a congressional hearing in Washington………………………………………..Full Article: Source

Iran to accept any currency for oil

Posted on 29 February 2012 by VRS  |  Email |Print

Iran has announced its readiness to receive payment for oil in national currencies of importing countries, as well as in gold. This was announced by head of the Central Bank of the Islamic Republic, Mahmoud Bahmani.
This year, the U.S. tightened sanctions against Iran, which apply to the Central Bank of the country, and its national banks………………………………………..Full Article: Source

Gold miner ETFs ride bullion toward $1,800

Posted on 29 February 2012 by VRS  |  Email |Print

Gold miner exchange traded funds were among the best-performing sector ETFs on Tuesday as the precious metal continued to march toward $1,800 an ounce.
Market Vectors Gold Miners and Market Vectors Junior Gold Miners were up nearly 2% in recent trading……………………………………….Full Article: Source

Commodity index altered to reflect oil’s rise

Posted on 29 February 2012 by VRS  |  Email |Print

A tectonic shift is occurring in the Canadian economy that will see oil increasingly become the dominant driver of wealth in the country, says the Bank of Nova Scotia’s chief commodity analyst.
Patricia Mohr, vice-president of economics and commodity market specialist at Scotiabank, says there have been dramatic shifts in the export of natural resources in the last few years, with oil and gas commodities the clear winners and lumber products suffering since the U.S. housing market crashed………………………………………..Full Article: Source

How commodity futures trading differs from stocks

Posted on 29 February 2012 by VRS  |  Email |Print

The stock market is tough enough, so don’t jump into the commodities futures pits and think you’ll just conquer that market too. Investors should, however, pay attention to what’s happening in commodities to get a better grasp of what’s happening in the economy.
While potentially fast and big profits in commodity markets can be a hard lure to resist, investors should not dive in, as IBD founder and Chairman William O’Neil cautioned in “How To Make Money In Stocks.”……………………………………….Full Article: Source

Currency funds gain in January but trail rivals

Posted on 29 February 2012 by VRS  |  Email |Print

Currency investment funds started the year with gains, following a tumultuous 2011, according to a widely-followed performance index. Specialist currency funds rose 0.77% on average in January, extending gains at the end of last year, according to Parker Global Strategies, which invests in such funds and tracks currency-related assets worth around $46 billion.
That’s below the 2.63% gain for hedge funds in general, according to Chicago-based Hedge Fund Research. Currency managers also lagged the 4.3% gain in the Standard & Poor’s 500-stock index in January………………………………………..Full Article: Source

Commodities struggle to attract new funds after losses

Posted on 28 February 2012 by VRS  |  Email |Print

Frances HudsonCommodities will battle to attract fresh money inflows this year as doubts remain about demand from top consumer China and after sharp losses last year and higher correlation with other asset classes, which diminished arguments for diversification.
Investment flows into commodities slid by 78 percent in 2011 to $15 billion, the weakest figure in a nearly a decade, including net withdrawals of $7.7 billion in December, according to Barclays Capital………………………………………..Full Article: Source

Commodity investments may increase by $40 bln in 2012

Posted on 28 February 2012 by VRS  |  Email |Print

Kevin NorrishCommodity investments may rise by $30 billion to $40 billion this year as investors favor oil, gold and copper, Barclays Capital said.
The projected gain compares with an increase of $15 billion to $30 billion forecast in a Barclays survey of more than 100 institutional investors in Europe and the U.S. Assets in commodities climbed $15 billion last year, the least since 2002, to $399 billion, Barclays said………………………………………..Full Article: Source

Institutional investors betting more on commodities

Posted on 28 February 2012 by VRS  |  Email |Print

Institutional investors are increasing their exposure to commodities as they diversify their portfolios, lured by the promise of stable returns as crude oil and gold prices continue to inch higher, according to a survey released Monday.
“Institutional investors’ confidence in commodities remains high with more than half (56%) initiating or increasing their commodity exposure over the next three years, compared with 45% last year,” Kevin Norrish, managing director of commodities research, said in Barclays Capital’s eighth annual survey………………………………………..Full Article: Source

Commodity investing to bounce back in 2012

Posted on 28 February 2012 by VRS  |  Email |Print

Investments in commodities are expected to increase in 2012 after dipping last year, with crude oil, gold and copper tipped as best performers, according to a Barclays Capital survey.
Last year’s volatile market environment led to a year-on-year fall of more than 70% in commodity investments, but commodity inflows are set to rebound, according to Barclays Capital’s eighth annual survey of institutional investors………………………………………..Full Article: Source

Gold to average $1700/oz in Q1 12, $1875/oz in 2012

Posted on 28 February 2012 by VRS  |  Email |Print

Gold prices are taking a breather after rallying to levels last seen over three months ago. While the broader macro backdrop remains gold-favourable given the negative interest rate environment, lingering sovereign debt uncertainties and the weakening of the dollar drawing investment interest, the physical market response has been more mixed, making prices susceptible to profit-taking in the near term, said Barclays Capital in a weekly research note.
Barclays price forecast: Q1 12: $1700/oz; 2012 annual average: $1875/oz……………………………………….Full Article: Source

Investing in silver: How to buy silver coins and bars

Posted on 28 February 2012 by VRS  |  Email |Print

Larry D. Spears writes: For investors who want to capture the coming move in silver, buying silver bars or coins is still one of the best options. Here’s why…
Like gold, investing in silver is a great hedge against inflation and financial turmoil alike. It’s why demand for silver is increasing at an astonishing rate………………………………………..Full Article: Source

The copper rally: All eyes on China

Posted on 28 February 2012 by VRS  |  Email |Print

Copper has been one of the surprise performers this year and traders’ optimism has surged amidst recent market reports. Many are growing confident in continued strength for the week following and such sentiments are being driven by prolonged signs of US and Chinese economic recovery.
Daniel Briesemann, analyst at Commerzbank AG in Grankfurt, argued, “copper is benefiting from very positive sentiment and from high levels of liquidity [and this is] being driven by restrained supply and robust demand”. Benchmark copper on the London Metal Exchange (LME) closed at $8,530.50, rising $140 to cap off a 4 percent increase throughout the week………………………………………..Full Article: Source

Aluminum now technically in bull market

Posted on 28 February 2012 by VRS  |  Email |Print

Aluminum prices have “officially entered into a technical bull mode” after prices closed above the 200-day moving average for two consecutive days and also met other key technical standards, said Harbor Intelligence in a research note.
“Since 2003, when these conditions have been met, LME aluminum prices have experienced a longer-term upward move with an average increase of $750 per mton (37 cent/lb). The Fear/VIX index has fallen below key thresholds and is consistent with strong physical primary and secondary demand in North America and resumption of sustainable but modest growth in Europe and China,” Harbor added………………………………………..Full Article: Source

Europe set to cut 33pct of Iran crude buys

Posted on 28 February 2012 by VRS  |  Email |Print

The Iranian oil embargo is underway: Iran is struggling to find buyers for its crude, with top Asian consumers seeking to cut purchases as tightening US sanctions make it difficult to keep doing business with the OPEC producer.
On January 23, the European Union formally adopted an oil embargo against the Islamic Republic, as part of sanctions meant to pressure the country to resume talks on its nuclear program………………………………………..Full Article: Source

Sanctions risk rerun of oil’s 2011 flash crash: John Kemp

Posted on 28 February 2012 by VRS  |  Email |Print

Soaring oil prices and the loss of exports from South Sudan, Syria and Iran pose awkward questions for investors and policymakers.
Last year, a similar surge following the outbreak of the Libyan civil war eventually resulted in the flash crash on May 5 and the decision to release emergency stocks by the United States and other members of the International Energy Agency (IEA) on June 23………………………………………..Full Article: Source

Oil prices may increase by 10pct over 2011 levels

Posted on 28 February 2012 by VRS  |  Email |Print

The recent surge in crude oil prices is a wholly unpleasant development. Oil prices had increased by 30% in 2010 and by another 40% in 2011. It was a reasonable expectation that in 2012, notwithstanding the slow pace of growth in the developed world and some slowing in growth in the developing world too, oil prices would nevertheless rise - but by about another 10%.
In fact, the International Energy Agency ( IEA) had reduced its forecast oil demand for 2012 both in January and in February, by a total of 0.5 million barrels per day………………………………………..Full Article: Source

Iran drives hedge fund oil bets to 10-month high: Energy markets

Posted on 28 February 2012 by VRS  |  Email |Print

Iran’s pledge to halt oil sales to France and Britain combined with faster U.S. economic growth and Greece’s bailout sent bullish bets on crude futures to the highest levels in about 10 months and prices above $109 a barrel for the first time in almost a year.
Hedge funds and other large speculators raised wagers on rising prices 11 percent in the week ended Feb. 21, according to the Commodity Futures Trading Commission’s Commitments of Traders report………………………………………..Full Article: Source

Hedge fund assets may hit $2.1 trillion in 2012

Posted on 28 February 2012 by VRS  |  Email |Print

Hedge fund assets under management could reach $2.13 trillion at the end of the year, as investors put more cash into the industry and managers report positive returns, a survey conducted by Credit Suisse showed on Monday.
The survey, which covered more than 600 institutional investors representing $1.04 trillion of hedge fund assets, found that investors expect their hedge fund portfolios to return 8.6 percent in 2012, down from 11 percent last year………………………………………..Full Article: Source

Commodity ETFs: Energy leads huge inflows

Posted on 28 February 2012 by VRS  |  Email |Print

Surging commodity prices attracted more than $1.7 billion into commodity-related exchange-traded products this past week (ending Thursday) bringing the sector total to more than $176.6 billion.
Energy, as it has for the past several weeks, led all assets classes with $1.17 billion of inflows, followed by precious metals with $464 million, board market (multicommodity) with $140 million, agriculture with $39 million and industrial metals also came in with positive inflows of $9 million………………………………………..Full Article: Source

Using ETFs to reduce volatility

Posted on 28 February 2012 by VRS  |  Email |Print

As a financial adviser in California’s Bay Area, Jim Koch has a lot of tech industry clients with portfolios that make him nervous. “Most of them want to invest in tech stocks, so their portfolios have way more risk than they realize,” says the Alamo (Calif.)-based founder of Koch Capital.
Investing in what you know can leave your livelihood and portfolio balance riding on just one volatile industry, he adds. That’s why when PowerShares launched its S&P 500 Low Volatility exchange-traded fund last May, he called it “a gift from the financial-innovation gods.”……………………………………….Full Article: Source

Why the MCX IPO did so spectacularly well

Posted on 28 February 2012 by VRS  |  Email |Print

“Satta” sells in India and the success of the MCX IPO is a thumbs-up to the average Indian punter who is willing to gamble small amounts of money to satisfy his or her urge to engage in “satta”.
Satta can be defined as a bet on anything— a cricket match, a horse race, a card game. It can even be a bet on commodity, currency and equity derivative markets………………………………………..Full Article: Source

Speculation limits Judge says he’s ‘skeptical’ of CFTC rule

Posted on 28 February 2012 by VRS  |  Email |Print

U.S. Commodity Futures Trading Commission arguments in support of the agency’s limits on speculation are being questioned by the judge presiding over a challenge to the rule by two Wall Street groups.
“I’m kind of skeptical about their position of Congress mandating position limits,” U.S. District Judge Robert Wilkins said during a hearing in Washington………………………………………..Full Article: Source

Soybean reserves shrinking most since ’96 amid Brazil drought: Commodities

Posted on 28 February 2012 by VRS  |  Email |Print

Global reserves of soybeans are shrinking the most in 16 years as demand for food, feed and fuel rises, creating the biggest-ever exports for U.S. farmers.
Inventories at the start of the next season on Oct. 1 will be 20 percent lower than a year earlier, Jefferies Bache LLC predicts. Prices that rose 7.8 percent since Dec. 30 will gain another 7.5 percent to $14 a bushel by June, the New York-based commodities trader estimates………………………………………..Full Article: Source

Three currencies ready for a HUGE revaluation

Posted on 28 February 2012 by VRS  |  Email |Print

Both the U.S. dollar and euro are doomed. Why? Because in addition to being in slow-growth economies, saddled with debilitating debts, they’re the victims of an enormous increase in money supply.
The obvious result is serious inflation and the devaluation of both currencies in the coming years. Even if the United States doesn’t add to its already bloated debt, the interest on it – coupled with massive money printing – virtually guarantees higher prices………………………………………..Full Article: Source

Commodity investment turns positive in January: Barcap

Posted on 27 February 2012 by VRS  |  Email |Print

Kevin NorrishInvestment flows into commodities turned positive in January after heavy withdrawals the previous month, boosting hopes that money entering the sector will rise this year from the weakest levels in nearly a decade in 2011, Barclays Capital said.
Commodities saw $7.7 billion of net divestment in December, Barclays estimated, after many funds suffered heavy losses in volatile markets, but sentiment has improved this year amid reduced concerns about the European debt crisis and a hard landing of the Chinese economy………………………………………..Full Article: Source

Investment into commodities may rebound in 2012

Posted on 27 February 2012 by VRS  |  Email |Print

Investment in the commodities complex is due a rebound this year, after risk aversion caused many market participants to scale back their exposure in 2011, according to Barclays Capital’s 8th annual survey of institutional investors, published Monday.
Concerns over the global economy and the sovereign debt crisis in Europe in particular caused investment flows into commodities to hit a wall last year. BarCap estimates that a net $15 billion was invested in commodities last year, compared with an average of $50-60 billion in the previous three years………………………………………..Full Article: Source

China’s appetite for commodities a boon for businesses

Posted on 27 February 2012 by VRS  |  Email |Print

While much of the world is still struggling to recover from the great slump of the past few years, nations and states that cater to China’s enormous appetite for energy, food, metals and other commodities have been doing swimmingly.
Take Iowa, for example, where Chinese Vice President Xi Jinping, the country’s presumed next leader, made a visit on Feb. 15. The good feelings undoubtedly were mutual as the farm state is a major pork producer, and China consumes nearly half the world’s pork………………………………………..Full Article: Source

Bullish futures exceed 1 mln first time in 2012: Commodities

Posted on 27 February 2012 by VRS  |  Email |Print

Bullish commodities futures rose above 1 million contracts for the first time in five months as U.S. growth prospects improved and Goldman Sachs Group Inc. predicted further price gains.
Hedge funds and money managers boosted combined net-long positions across 18 U.S. futures and options by 7.3 percent to 1.03 million contracts in the week ended Feb. 21, Commodity Futures Trading Commission data show. That’s the highest since Sept. 13. Bullish wagers on gold climbed to a five-month high, and bets on crude oil rose to the most since May………………………………………..Full Article: Source

G20 alert to economic threat from rising oil prices

Posted on 27 February 2012 by VRS  |  Email |Print

The world’s leading economies said on Sunday they were “alert to the risks of higher oil prices” and discussed at length the impact that sanctions on Iran will have on crude supplies and global growth.
Finance ministers and central bankers from the Group of 20 said in a statement after two days of talks that they welcomed a commitment from producer countries to ensure oil supplies………………………………………..Full Article: Source

IEA economist speaks on China’s oil conundrum

Posted on 27 February 2012 by VRS  |  Email |Print

After blistering economic growth over the past decades, China has become the world’s largest energy consumer and second-largest oil consumer. In the World Economic Forum held in Davos, Switzerland in January, Caixin talks to Chief Economist of Fatih Birol, chief economist at the International Energy Agency, about China’s oil imports and oil price reforms, as well as the ideal conditions to propel domestic growth of renewable energies.
China’s oil consumption has risen significantly in recent years, increasing by 5% year-on-year in the first 11 months of 2011, according to the National Development and Reform Commission………………………………………..Full Article: Source

Gold’s bull run may drive price to $5 000 – expert

Posted on 27 February 2012 by VRS  |  Email |Print

Gold may climb to a record $2 500 (R19 244) an ounce this year on demand from central banks and investors, according to Schroder Investment Management, which said a longer-term bull run may push the price to twice that figure.
The precious metal might trade between $1 500 and $2 500 this year, ending 2012 at about $2 250, Christopher Wyke, a London-based product manager for emerging market debt, commodity and currency funds, said. The bull run might last a further five to eight years, with the price coming near to $5 000, Wyke said, echoing a call that he made in 2008………………………………………..Full Article: Source

Investing in gold - the currency of fear

Posted on 27 February 2012 by VRS  |  Email |Print

For thousands of years, human beings have had a primal attraction to gold. With a powerful magnetism cultivated via legends, mythology and bloody conquest, gold inspires awe like nothing else.
And though it’s been at least 40 years since our monetary systems were based on the otherwise unremarkable metal, some of us are finding it hard to shake off the allure of the shiny stuff………………………………………..Full Article: Source

Gold supercycle: Why you should buy bullion now but sell in 2014

Posted on 27 February 2012 by VRS  |  Email |Print

Gold prices are set to move higher this year and the next, with gold prices expected to break the $2,000 per ounce barrier by the end of this year, or early next year.
Standard Chartered analyst Dan Smith sees gold price “rallying to record highs to average $1,975/oz in Q4-2012, breaking above $2,000/oz at some point in the year ahead.”……………………………………….Full Article: Source

Will gold be Paulson’s next ‘greatest trade ever?’

Posted on 27 February 2012 by VRS  |  Email |Print

When famed hedge-fund manager John Paulson speaks, people listen. And it’s no wonder. Paulson made his way into the financial history books thanks to what many now call the “greatest trade ever”.
Paulson & Co. shorted the subprime mortgage market before the collapse, banking a $15 billion gain. So when Paulson went big again by buying gold in 2009 and 2010, investors took notice………………………………………..Full Article: Source

Can silver keep up its polished performance?

Posted on 27 February 2012 by VRS  |  Email |Print

Precious metals have been one of the best-performing asset classes of 2012 – with silver being the star performer. Last week the silver price leapt by 6.4pc to $35.395 an ounce, bringing the total gains for the year to a very impressive 27pc.
In the year to date, platinum prices have risen 22pc, gold prices are 13pc ahead, with palladium bringing up the rear with a gain of 8.5pc. Precious metals have put the 6.5pc rally in the FTSE 100 this year in the shade, but can the gains continue, particular in silver?……………………………………….Full Article: Source

It’s not gold but silver that earns first place

Posted on 27 February 2012 by VRS  |  Email |Print

Since the 2008 global recession, an increasing number of investors have moved away from the more traditional equities markets and have begun to consider commodities as a promising substitute. More recently, with the Eurozone crisis and various rounds of quantitative easing, interest in alternative investment options has spiked once again.
In fact, from 2010 to 2011, Tullett Brown saw a staggering 87 per cent increase in the number of people looking to purchase precious metals………………………………………..Full Article: Source

Tight fundamentals will push up aluminium prices: Barclays

Posted on 27 February 2012 by VRS  |  Email |Print

The steady grind higher in aluminium prices has continued over the past month, averaging just over $2,200/t, the highest level since September 2011. Support has come from positive developments at a macro level, as have the effect of the 1.6Mty of production cuts announced this year and a renewed appetite for inventory financing, given a bigger contango.
Assuming that end-demand conditions begin to improve in line with the uptick in macro sentiment and supply-side discipline remains the trend, tighter fundamentals beyond Q1 should continue to support higher price levels………………………………………..Full Article: Source

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