Fri, Sep 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Investment, Market Moves, Research more

Analysts agree that commodities are set for a comeback

Posted on 04 September 2012

August saw commodities beat equities, bonds and the dollar for a second consecutive month, in what was reported as ‘the longest streak in more than a year’. The Standard & Poor’s GSCI Total Return Index of 24 commodities rose 6.4 percent in August, led by silver, with silver futures up 13% over August, cocoa and heating oil. Raw materials rose more than 20% since mid-June, and commodities rose more than 80% from December 2008 to June 2011.
Bloomberg said that investors buy silver both as a hedge against inflation and as a bet on a stronger economy with 53% of silver used in industrial applications from televisions to batteries. The case for a return in strength in the commodities markets was further supported by analysts and fund managers. Tony Yarrow of UK fund manager Wise Investment, reported that the Chinese economy continues to slow down as export demand weakens, and the property boom has ended. “China accounts for nearly half of global demand for industrial commodities (copper, nickel, iron ore etc) and the flagging state of the Chinese property sector is reflected in weaker prices for these metals” he wrote in his latest report……………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930