Wed, Nov 26, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Archive | March, 2012

Commodities shunned as investors take on more risk

Posted on 30 March 2012 by VRS  |  Email |Print

Commodities other than oil will fail to capture much of the renewed investment appetite for risky assets that has buoyed global markets this year until more clarity emerges about demand from top raw materials consumer China.
Investment has flowed into equities, emerging markets, high-yield debt and real estate markets in the New Year after improved U.S. economic data and an injection of cheap loans to European banks boosted sentiment, but most commodities markets got only a brief boost………………………………………..Full Article: Source

Institutions failing commodity investors

Posted on 30 March 2012 by VRS  |  Email |Print

Financial institutions offering commodity investments during this once-in-a-generation demand boom are failing on two levels: they are not attracting the money they should and they haven’t realised that Asia is the future.
While this may raise the hackles of investment bankers, hedge funds and producers of commodity indices, the numbers do not lie. There is roughly $30 trillion in global pension funds, yet direct investments in commodities are only a smidgen over $400 billion, which barely qualifies as a spit in the bucket………………………………………..Full Article: Source

Oil prices: Keeping it to themselves

Posted on 30 March 2012 by VRS  |  Email |Print

Everyone knows why oil prices, at around $125 for a barrel of Brent crude, are so high. The long-term trends are meagre supply growth and soaring demand from China and other emerging economies. And in the short term, the market is tight, supplies have been disrupted and Iran is making everyone nervous.
Saudi Arabia, the only OPEC member with enough spare capacity to make up supply shortfalls, is the best hope of keeping the market stable. The Saudis recently reiterated their pledge to keep the market well supplied as American and European Union sanctions hit Iran………………………………………..Full Article: Source

IEA closely monitoring oil market, prices very high

Posted on 30 March 2012 by VRS  |  Email |Print

The International Energy Agency is concerned that very high oil prices could damage the fragile economy and will continue to monitor the market and remain in close contact with its member countries, the organization’s executive director, Maria van der Hoeven, said Thursday.
The statement, to mark the conclusion of a regular quarterly meeting in Paris of energy experts from all 28 IEA member countries, didn’t directly address comments from a French government official Wednesday, that France has approached the agency about tapping emergency oil stocks to ease high prices. ……………………………………….Full Article: Source

IEA says will act on oil if conditions warrant

Posted on 30 March 2012 by VRS  |  Email |Print

The International Energy Agency (IEA) is concerned by high oil prices and is ready to respond if market conditions warrant action, the agency said after 28 member country energy experts met on Thursday.
“The oil market has been tightening in recent months,” the IEA said in a statement from its executive director Maria van der Hoeven. “The International Energy Agency, like many others, is concerned by the impact of these high prices while the global economic recovery remains fragile………………………………………..Full Article: Source

Is gold overpriced relative to other commodities?

Posted on 30 March 2012 by VRS  |  Email |Print

Gold stocks are quite popular among hedge funds these days, and with good reason. John Paulson , who is very bullish about gold, made $5 billion by betting on gold in 2010.
As of December 31, 2011, the largest position in the 13F portfolio of his Paulson & Co was the gold exchange-traded fund (ETF) SPDR Gold Trust GLD, in which Paulson had over $2.6 billion invested………………………………………..Full Article: Source

Is gold hustling for a move?

Posted on 30 March 2012 by VRS  |  Email |Print

Gold investors have had to endure quite a lot in the last six months. Not only has the gold price barely moved from six months ago, but it has endured an up, down, up, down chopping motion during this period of volatility.
Future volatility in the gold price was something that some investors were calling for at the beginning of 2011, and volatility we got. During the last six months, this most psychological of markets, has endured all sorts of emotional squeezes, take downs and Buffett’s now regular wise cracks………………………………………..Full Article: Source

UBS lowers its 2012 gold estimate to $1,680/oz; leaves 2013 estimate at $1,725/oz

Posted on 30 March 2012 by VRS  |  Email |Print

UBS lowered its 2102 average gold price estimate to $1,680 an ounce, down from the previous figure of $2,050, the bank said, reflecting the recent swoon in prices. It left its 2013 average estimate for gold at $1,725. Its silver 2012 average price outlook was lowered 4% to $33.40 an ounce, with its 2012 estimate of $27.50 left unchanged.
The bank raised its platinum average price estimate for 2012 to $1,700 an ounce from $1,675 and left its 2013 average estimate at $1,900. The palladium forecast was increased by 5% to $725 an ounce for an average price in 2012; the 2013 price estimate was not changed from the previous forecast of $850………………………………………..Full Article: Source

2012 silver to $70++

Posted on 30 March 2012 by VRS  |  Email |Print

Around this point in the fractal cycle in the late 70’s, Gold busted out of its channel to rise sharply higher, along with Silver. Silver’s channel top will lie up around $68 to $70 over the coming months which we believe will be reached in 2012.
The next higher angled resistance bands for Silver run from $112 to $115, and then up at the $123 area. By the end of the Silver Bull, we expect to see Silver reach $500+………………………………………..Full Article: Source

Copper traders most bearish in two months on China: Commodities

Posted on 30 March 2012 by VRS  |  Email |Print

Copper traders are the most bearish in two months after stockpiles tracked by the biggest metals bourse rose for the first time in five weeks and Goldman Sachs Group Inc. cut its recommendation on commodities to neutral.
Eleven of 25 analysts surveyed by Bloomberg expect copper to drop next week, the highest proportion since Jan. 6. Seven were neutral. Inventories reported by the London Metal Exchange rose 1.4 percent on March 27, the first gain since Feb. 22………………………………………..Full Article: Source

Chinese copper demand will disappoint: Barclays

Posted on 30 March 2012 by VRS  |  Email |Print

The current state of Chinese demand is varied across industries. The spot demand for copper in China is weak, the improvement in Q2 may be tepid and imports are likely to remain strong in March and possibly April before trailing off until later in the year.
Sentiment amongst Chinese fabricators and manufacturers is negative. Orders have been slow to improve following the Chinese New Year and in some sectors are below year-ago levels. Inventories of cathode at consumers are low, but inventories of finished product are higher than usual for the time of year………………………………………..Full Article: Source

Iron ore prices will slowly decline to 2014

Posted on 30 March 2012 by VRS  |  Email |Print

Iron ore prices will slowly decline in the next few years as steelmakers cut production to cope with overcapacity and more supply comes on stream, Wood Mackenzie iron and steel consultants said on Wednesday at Reuters Mining Summit.
Average annual prices for ore with 62 percent iron content will fall from about $159 a tonne cost-and-freight China in 2011 to $157 in 2012, $155 in 2013 and $140 in 2014, Wood Mackenzie forecast………………………………………..Full Article: Source

The WTO rare earths trade dispute: An analysis

Posted on 30 March 2012 by VRS  |  Email |Print

As those who follow the rare-earths sector will know, on March 13, 2012, the United States, the European Union and Japan (the complainants) filed simultaneous and near-identical complaints with the World Trade Organization (WTO), in which they requested consultations with China (the respondent) on the measures that it has in place related to restrictions on the export of rare earths, tungsten and molybdenum.
The following article presents an overview of the WTO dispute process, the specific details of the rare-earths-related complaints, and looks at how China might respond to the specific complaints made……………………………………….Full Article: Source

Hard times in soft commodity ETFs

Posted on 30 March 2012 by VRS  |  Email |Print

Thanks to an improved economic outlook, many commodity ETFs have put up solid performances so far this year. Broad products tracking commodities in multiple sectors have been buoyed by high returns in the oil, base metal, and some precious metals as well.
Due to the strength of these sectors, many of the most popular commodity ETFs have pretty much matched broad stock indexes to start 2012………………………………………..Full Article: Source

Broad-based commodities ETFs slip on Europe fears

Posted on 30 March 2012 by VRS  |  Email |Print

Broad based commodities ETFs and agriculture commodities ETFS sold off today as investors anticipated Europe economic slowdown. Typically commodities and commodity ETFs rise when economies grow, as needs for resources increase.
With Spain front and center for a new war against the EU concerning austerity measures, investors likely fled commodities andn commodity ETFs today in face of potential economic instability………………………………………..Full Article: Source

Hedge fund ETFs coming for stupid people

Posted on 30 March 2012 by VRS  |  Email |Print

Non-accredited investors will son be able to throw money away in the same manner as high net worth investors. Hedge fund ETFs that mimic some value and activist strategies will soon be here. I shouldn’t have to say that this is beyond stupid but I enjoy hearing myself think out loud. This blog is all about public service.
The incompatibility of hedge fund strategies and ETF strategies is plain. Classic ETFs mimic broad indexes as closely as possible, with a lot of constancy in their holdings and little turnover………………………………………..Full Article: Source

3 worst performing commodity ETFs over the last 3 years

Posted on 30 March 2012 by VRS  |  Email |Print

Ever since markets crashed in 2008, investors have been slowly increasing their risk appetites, shifting towards more lucrative and risky asset classes such as commodities. Some investments in this category have flourished, while others haven’t fared so well.
Natural gas is perhaps the first cringe-worthy commodity that comes to mind as investors witnessed its unprecedented free fall over the last few years. But with NG and some of the other big losers comes a potential buy in opportunity at rock bottom prices………………………………………..Full Article: Source

Definitive guide to broad-based mining ETFs

Posted on 30 March 2012 by VRS  |  Email |Print

Exchange-traded funds offering exposure to Commodity Producers Equities have become a popular tool for those looking to make an indirect play on natural resource prices. These funds offer investors the ability to easily tap into the lucrative commodities market through a diversified basket of companies, while still reaping the cost efficiency benefits associated with the exchange-traded product structure.
Investors who wish to access the mining sector have a number of options available at their fingertips; and while these products may appear similar, a closer look under the hood reveals some noteworthy differences……………………………………….Full Article: Source

Former UBS executives to start London commodities hedge fund

Posted on 30 March 2012 by VRS  |  Email |Print

Neal Shear, who spent 25 years at Morgan Stanley, and Jean Bourlot, former commodities head at UBS AG, are starting Higgs Capital Management LLP, a commodities hedge fund in London.
The fund will cover energy, agriculture and metals, Bourlot said by phone from London today. Shear will be chief executive officer and Bourlot will be chief investment officer, he said. Neville Atha, who joins from Jabre Capital Partners, will be chief operating officer………………………………………..Full Article: Source

Mexico pension funds to diversify with commodities

Posted on 30 March 2012 by VRS  |  Email |Print

The ability of Mexican pension funds to invest in commodities is an important step in the market’s development, as the funds’ investments are highly concentrated in Mexico, a portfolio manager for one of the country’s largest pension funds said Thursday.
Recent regulatory changes will permit the funds, known as Afores, to invest between 5% and 10% of their portfolios in commodity-linked securities………………………………………..Full Article: Source

Goldman commodities crown slips as traders exit

Posted on 30 March 2012 by VRS  |  Email |Print

At least 20 commodities traders, several senior, have left Goldman Sachs in the past months, dealing a blow to Wall Street’s long-time king of commodities as talent moves to better paying trading houses and hedge funds.
The departures, according to around a dozen insiders and trading sources, mirror the exodus of traders from rival banks over the past two years………………………………………..Full Article: Source

BRICS to promote local currencies

Posted on 30 March 2012 by VRS  |  Email |Print

The group of five emerging economies, Brazil, Russia, India, China and South Africa (BRICS), joined hands on Thursday in calling for a “more representative” international financial architecture with an “increase” in the voice and representation of developing countries.
The heads of states of the five countries - Dilma Rousseff (Brazil), Dmitry Medvedev (Russia), Manmohan Singh (India), Hu Jintao (China) and Jacob Zuma (South Africa) - met at the fourth BRICS summit held at the Taj Palace………………………………………..Full Article: Source

Russia, India to trade in local currencies in 3 years-banker

Posted on 30 March 2012 by VRS  |  Email |Print

Moscow and New Delhi will switch to trading in domestic currencies in three years, the chairman of Russia’s largest state development bank said on Thursday.
“With China it took us three years to (evolve) from initial conversations to trading in local currencies,” VEB Chairman Vladimir Dmitriev told reporters on the sidelines of the BRICS summit of emerging world powerhouses - Brazil, Russia, India, China and South Africa………………………………………..Full Article: Source

Increasing pessimism over European carbon market: survey

Posted on 30 March 2012 by VRS  |  Email |Print

Participants are becoming increasingly bearish in their outlook for the European Union Emissions Trading Scheme according to this year’s Point Carbon survey.
According to results from the 2012 Thomson Reuters Point Carbon survey, carbon market participants are forming an increasingly pessimistic view regarding the European Union Emissions Trading System (EU ETS)………………………………………..Full Article: Source

Goldman cuts commodities to neutral from overweight

Posted on 29 March 2012 by VRS  |  Email |Print

Goldman Sachs on Wednesday said it was shifting its recommendation on commodities to “neutral” from “overweight” on a near-term horizon, as most commodity markets including copper, crude oil and soybeans have reached the brokerage’s near-term targets.
Goldman, however, said it remains overweight on a 12-month horizon, with an expected return of 10 percent………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

This is what all the world’s commodities will do this year and next year

Posted on 29 March 2012 by VRS  |  Email |Print

Warm winter and excess production has hurt natural gas prices, while crude has been over $100 a barrel on account of oil supply risks stemming from Iran.
Now Morgan Stanley has updated its commodity predictions. Gold remains one of their top picks for 2012. Meanwhile, they have lowered their projection for natural gas prices by nearly 30 percent since they last published their commodities outlook in December last year………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Oil could be setting up for a major sell-off

Posted on 29 March 2012 by VRS  |  Email |Print

A new report from Goldman Sachs’s commodities research team points to an imminent oil sell-off—or at the very least, a noticeable pause in the rise of oil prices.
According to that research, oil prices generally decline amid softer U.S. economic data, and (though analysts stop short of saying it) often in a big way. And that’s just what’s happening right now………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

US, UK and France consider oil release to curb fuel prices

Posted on 29 March 2012 by VRS  |  Email |Print

France is in talks with the United States and Britain on a possible release of strategic oil stocks to push fuel prices lower, French ministers said on Wednesday, four weeks before the country’s presidential election.
Earlier in March, British sources said London was prepared to cooperate with Washington on a release of strategic oil stocks that was expected within months, in a bid to prevent fuel prices choking economic growth in what is also a US election year………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Solving the global energy equation: Demand-supply-infrastructure

Posted on 29 March 2012 by VRS  |  Email |Print

Little remarked by most analysts of the OECD-wide financial and debt rout in 2008-2011, world energy demand rebounded fast from its sharp plunge in 2008-2009. For the year 2010 the BP Statistical Review of 2011 painted a dramatic rebound story.
World energy demand jumped by 5.6% led by coal demand growing over 7%, gas demand growing almost as much, and oil consumption by 3.1% as China moved to become the world’s biggest single energy using nation. With no surprise, oil prices rose by 29% on average in 2010 from the year previous………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Gold: For richer, for poorer as crisis cools

Posted on 29 March 2012 by VRS  |  Email |Print

Extreme strain in the global economy has given way to something less hair-raising. So does the last investor in “safe-haven” gold, switch out the lights?
After a storming start to 2012, bullion prices have lost some of their lustre in recent weeks in line with a reassessment of global economic health. Jumbo-sized liquidity taps are off in Europe, while the jury is out on a further round of U.S. quantitative easing………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Goldman maintains its 12-month gold price forecast of $1,940/oz

Posted on 29 March 2012 by VRS  |  Email |Print

Goldman Sachs is maintaining its outlook for gold prices, forecasting the yellow metal at $1,785 an ounce in three months, $1,840 in six months and $1,940 in 12 months, citing subdued U.S. economic growth and further quantitative easing by the Federal Reserve later this year.
“We acknowledge, however, that continued strong U.S. economic data poses growing risk to our forecast for rising gold prices. Net, we reiterate our view that at current price levels gold remains a compelling trade but not a long-term investment, and we continue to recommend a long position in December 2012 Comex gold futures,” they said………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Gold unlikely to break records in 2012 - CPM

Posted on 29 March 2012 by VRS  |  Email |Print

Gold prices averaged $1,527/oz last year, touching a record high settlement price of $1,889.90 in August 2011. CPM says prices are unlikely to reach that record high again in 2012.
New York City mining consultants CPM Group forecasts that gold prices will remain at elevated levels this year, “but are unlikely to rise above the record high level reached in 2011.”……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Current gold & oil unfolding trading patterns

Posted on 29 March 2012 by VRS  |  Email |Print

The past two months we have seen all the focus from traders and investors be on the equities market. And rightly so and stocks run higher and higher. But there are two commodities that look ready to explode being gold and oil (actually three if you count silver).
Below are the charts of gold futures and crude oil four-hour charts. Each candle stick is four hours allowing us to look back one to two months while still being able to see all the intraday price action (pivot highs, pivot lows, strong volume spikes and if they were buyers or sellers…)………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Gold to average $1,766/oz in 2012; Silver at $35.05, platinum at $1,755

Posted on 29 March 2012 by VRS  |  Email |Print

The average price for gold in 2012 is forecast to be $1,766 an ounce and the average silver price is forecast at $35.05 an ounce, a reduction of 8.3% and 9%, respectively, from a previous outlook, said TD Securities, a leading Canadian bank, in a briefing.
The Canadian bank also reduced its forecast for platinum’s 2012 average price by 1.1% to $1,755 an ounce and palladium by 3.9% to $740 an ounce. In base metals, bank lowered the 2012 copper average price to $3.92 a pound, a 2% reduction from the previous forecast………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Bullion miners lament cost and tax pressures

Posted on 29 March 2012 by VRS  |  Email |Print

Rising labor costs, surging oil prices and higher tax rates are eating into profits of precious metals miners and raising the cut-off bar on new projects, making it much more difficult for them to replace reserves and boost production.
High precious metal prices are prompting governments to raise taxes and royalties on miners, industry executives say, while giving little thought to the level of risk and the amount of investment required to develop these mammoth projects………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Palladium seen beating gold with record car sales: Commodities

Posted on 29 March 2012 by VRS  |  Email |Print

Investors are buying palladium at the fastest pace in more than a year as analysts predict rising demand and declining supply will turn this quarter’s worst- performing precious metal into the best by December.
Holdings in palladium-backed exchange-traded products rose 13 percent this year, poised for the best quarter since the end of 2010, data compiled by Bloomberg show………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Gold exchange-traded product holdings continue to slip: Barclays

Posted on 29 March 2012 by VRS  |  Email |Print

Physical demand remains lackluster, and Barclays Capital says another important price-support is sagging. Exchange-traded product “holdings have started to trickle lower with metal held in trust falling by 2.1 (metric tons Tuesday),” they added.
“Outflows have reached 9 tons for the month to date and 12 tons shy of their peak,” the bank concluded………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Could this be the year for these mining ETFs?

Posted on 29 March 2012 by VRS  |  Email |Print

Although the economy continues to hum along, some sectors have had trouble picking up steam in 2012, despite their highly sensitive nature. In this space, a curious case has undoubtedly been in the basic materials sector, specifically when investors look at the mining segment.
In this corner, the broad materials sector, as represented by the ultra popular Materials Select Sector SPDR ETF (XLB) has seen solid performance when compared to the focused mining industry as represented by the SPDR S&P Metals & Mining ETF (XME)………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Teucrium debuts broader Ag commodity ETF

Posted on 29 March 2012 by VRS  |  Email |Print

Teucrium Trading, the Santa Fe, N.M.-based firm specializing in futures-based commodity ETFs, today launched a multicommodity exchange-traded fund that will invest equally in the company’s four pre-existing single-commodity ETFs that target corn, wheat, soybeans and sugar.
The Teucrium Agricultural Fund will be evenly invested in the Teucrium Corn Fund, the Teucrium Wheat Fund, the Teucrium Soybean Fund (NYSEArca: SOYB) and the Teucrium Sugar Fund………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Bank of China seeks to join biggest metals exchange

Posted on 29 March 2012 by VRS  |  Email |Print

Bank of China Ltd. became the first Chinese company to apply for membership on the London Metal Exchange, the world’s biggest metals bourse.
BOCI Global Commodities (U.K.) Ltd. is seeking to become a category 2 member, giving it the right to trade by telephone and electronically, the LME said in a notice today. It won’t have access to the ring, London’s last open-outcry trading floor………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Ghana: Commodities exchange to the rescue

Posted on 29 March 2012 by VRS  |  Email |Print

Farmers in the country, especially smallholder farmers, can heave a sigh of relief at last as key stakeholders in the commodities sector are ensuring that the Ghana Commodities Exchange (GCX) is established and becomes operational by the close of this year.
“This will enable the Ghanaian farmer to obtain fair and predictable pricing for their produce,” said United Nations Resident Coordinator, Ruby Sandhu-Rojon………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China dragging on commodity currencies

Posted on 29 March 2012 by VRS  |  Email |Print

Worries over a slowdown in China continued to weigh on the commodity-linked currencies of Australia, New Zealand and Canada on Wednesday, while a lowered estimate of U.K. economic growth gave sterling a brief scare.
Elsewhere. the euro was trading at $1.33508 recently against the dollar, compared with $1.3313 late Tuesday in New York. The dollar was at ¥83 compared with ¥83.18, while the euro was at ¥110.83 compared with ¥110.74………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Outlook bullish on commodity currencies - Wells Fargo

Posted on 29 March 2012 by VRS  |  Email |Print

From Vassili Serebriakov, Currency Strategist at Wells Fargo Bank: “For investors, we would advocate a selective bullish view on commodity currencies but with strategies that lessen exposure to US monetary policy shifts.
We would thus prefer to rotate out of the US dollar, and into other core major currencies such as the euro and yen, to fund long positions in the Canadian and NZ dollars. Additionally we would consider establishing long Canadian and NZ dollar positions against the Australian dollar.”……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Greece should adopt dual currencies: Polish central bank chief

Posted on 29 March 2012 by VRS  |  Email |Print

Europe’s strategy to rescue Greece from bankruptcy is “hopeless” and Athens should instead consider adopting a double currency system, Polish central bank Governor Marek Belka was quoted as saying by German daily Financial Times Deutschland.
“The country seems to need a special arrangement, perhaps for a limited time period,” he told the newspaper in an interview to be published in its Thursday print edition………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Commodities look to simmer not boil this year

Posted on 28 March 2012 by VRS  |  Email |Print

Kevin NorrishEven with crude oil prices nearing record territory, experts see signs that the market for commodities is running on fumes.
The prices of many commodities are losing steam as much of Europe is likely headed into a recession and China’s economy is slowing down from its once torrid pace, industry analysts say………………………………………..Full Article: Source

Commodities seen rallying through spring

Posted on 28 March 2012 by VRS  |  Email |Print

Patricia MohrThe value of Canada’s commodities declined for a third consecutive month in February, but the price of at least one resource should rise in the next couple of months, according to the latest report from Scotiabank.
While the overall Scotiabank Commodity Price Index fell 0.7% month over month, the North American spring planting season is just around the corner, and that should boost the value of potash. The potash rally will be aided by rallying oilseed prices, led by soybeans , but expected to extend to canola as well………………………………………..Full Article: Source

Invest in commodities, dividend payers : Pimco’s Gross

Posted on 28 March 2012 by VRS  |  Email |Print

Investors have to be careful “because they’re being offered little in terms of interest rates. The danger now is of prices moving down, which would leave an investor with nothing,” Pimco founder Bill Gross told CNBC Tuesday.
Gross, who runs the $252 billion Pimco Total Return Fund, said investors need “very tangible items” in their portfolios, and that means commodities………………………………………..Full Article: Source

World oil import bill heading for record 1.25 trillion pounds

Posted on 28 March 2012 by VRS  |  Email |Print

Oil consumer nations are set to pay a record $2 trillion (1.25 trillion pounds) this year for oil imports if crude prices do not fall, the International Energy Agency (IEA) said on Tuesday, undermining economic recovery.
Crude hit $128 a barrel this month, only $20 short of its 2008 peak, and is up more than 15 percent since January, largely because of sanctions against oil producer Iran………………………………………..Full Article: Source

Will high oil prices slowdown global growth?

Posted on 28 March 2012 by VRS  |  Email |Print

Headlines on higher oil price and the risk it presents to the global economic recovery are back. Yet, at the same time, the shape of the forward curve, often used by many to gauge the future of oil prices, signals that expectations point to significantly lower prices in the coming months/years.
This poses a tremendous dilemma for oil market analysts, economists and policy makers alike………………………………………..Full Article: Source

Gold prices already peaked in 2011

Posted on 28 March 2012 by VRS  |  Email |Print

Gold prices should remain high this year but are unlikely to rise above the record levels reached in 2011, according to CPM Group. That is the key takeaway from CPM Group’s latest forecast—“Gold Yearbook 2012,” its annual analysis into the supply and demand factors driving the global gold market. CPM Group is an independent commodities research and investment banking company, and its annual forecast is widely followed by the gold market.
Increasing supply versus a bigger global pool of investors for gold are combining to put a floor under the market, and prices are expected to remain firm, without the parabolic rallies of the recent past………………………………………..Full Article: Source

banner
March 2012
S M T W T F S
« Feb   Apr »
 123
45678910
11121314151617
18192021222324
25262728293031