Wed, Nov 26, 2014
A A A
Welcome kbr175@gmail.com
RSS
Commodities Briefing 08.Dec 2009

Posted on 08 December 2009 by VRS |  Email |Print

From Reuters: A bubble has formed in commodities as “speculative fervor” returns to markets after the global financial crisis, veteran Wall Street economist Henry Kaufman said on Monday.

“There are bubbles in commodities,” and probably in the gold market as well, Kaufman, president of financial consulting firm Henry Kaufman & Co Inc in New York, told the Reuters Investment Outlook Summit in New York. He cited the return of leveraged bets as one driver……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Ninemsn.com.au: Sunlight may be the best disinfectant, but there can be too much of a good thing. Pending US legislation to force over-the-counter derivatives deals on to exchanges would convince some users simply to stay inside or even to seek out a more temperate climate abroad.

The impetus towards regulated exchanges stems in part from largely unjustified fears that prices, particularly for food and energy, have been manipulated……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Agweb.com: Though I wasn’t around at the time, I can imagine that the ag commodity exchange markets were originally created to give producers and end users a mechanism to determine the fair market value of a given commodity at a given point of time in the future.
This would then enable these parties to make intelligent decisions regarding their production or usage by having locked in a selling price or purchasing price and thereby reducing their risks……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Cnbc.com: The fundamental outlook on gold remains gloomy, said Roman Scott, manager director of Calamander Capital, warning that we’re in a bubble that “could pop”.

“I think there is a sort of mini bull market that could potentially be a bit of a bubble in gold,” Scott said…………………………….Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Commodityonline.com: It was days of hype, golden talks and frantic buying of the yellow metal for every bullion trader and investor for the whole of November and the first week of December.
Gold, the hottest commodity to invest in, was hailed as the right replacement for the declining dollar as the precious metal soared to a historic record of $1225 last week……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Mineweb.com: Leading up to the latest sharp fall in the gold price, which so far has dropped it back more than $70 an ounce, many nonspecialist commentators have been warning investors that the rapidly rising price was a bubble waiting to burst.
Now the gold investor has to decide whether indeed this is the case and the price will come crashing down further, or the fall is a temporary correction opening up the market for buying at prices which may not return back to these levels for some time to come……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Chinadaily.com.cn: After briefly consulting with a sales clerk about types of bullion for sale and the mode of payment, a businessman from Jiangsu province bought a 100-gram gold bar worth 26,100 yuan in Cai Shi Kou Department Store (Caibai).

The man, known only as Mr Huang, now is among many who are ready to become gold investors……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Bloomberg: Gold’s best year in three decades has yet to match the returns of an interest-bearing checking account for anyone who bought the most malleable of metals coveted for at least 5,000 years during the last peak in January 1980.

Investors who paid $850 an ounce back then earned 44 percent as gold reached a record $1,226.56 on Dec. 3 in London……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Commodityonline.com: Let’s see if we’ve got this right: Traders pummeled gold on Friday, sending it down $66 an ounce, because unemployment reportedly downticked to 10 percent, implying the U.S. economy is strengthening, which would be bullish for the U.S. dollar, which would be bearish for gold.

That’s the theory of it, anyway – and never mind the fact that no one in America outside of newsrooms even remotely believes whatever unemployment statistic the Labor Department concocts from one month to the next; and even less do they believe it when said statistic purports to show that the economy is improving……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Mineweb.com: Copper slipped on Monday as the market worried about economic demand and growth and the firmer dollar against the euro.
Copper touched a low of $6,980 a tonne after Friday’s U.S.non-farm payrolls data fuelled talk of higher interest rates in the United States, the world’s largest economy……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Reuters: Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of investment banks come forward to aid the firms’ first forays into coal derivatives.

A big prize awaits banks such as Goldman Sachs, Morgan Stanley and JPMorgan if they can grab a share of this business, since the utilities account for about 60 percent of total seaborne steam coal trade of around 600 million tonnes……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Zawya Dow Jones: Qatar’s oil minister Abdullah bin Hamad Al-Attiyah said he expects that the Organization of Petroleum Exporting Countries will agree to rollover its output quota at it next official meeting this month.

“There is no need for extra oil,” Al-Attiyah told reporters Monday. “Who will buy it?”…………………………….Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Pionline.com: Speculators did not likely cause a spike in oil prices in the summer of 2008, according to a new paper by EDHEC-Risk Management.

“Based on traditional speculative metrics, the balance of outright speculators in the U.S. oil futures and options markets was not excessive relative to hedging activity in those same markets from June 13, 2006, to Oct. 20, 2009,” …………………………….Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Timesonline.co.uk: Britain’s big six energy companies should cut their gas and electricity prices next year and should not use the need to invest in low-carbon energy sources as an excuse to overcharge customers, Ofgem, the energy regulator, said yesterday.

The companies — British Gas, E.ON, ScottishPower, Scottish and Southern Energy, npower and EDF — have lowered their prices only slightly this year, despite a near-halving of wholesale energy prices……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Cityam.com: After months of preparation, wrangling and hype, the world’s leaders have finally descended on Copenhagen for the UN Climate Change Summit, where they will attempt to thrash out a successor to the 1992 Kyoto Treaty.

The stakes could not be higher……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From WSJ: Industry groups vowed to fight an Obama administration proposal to regulate emissions of carbon dioxide, even as some companies prepared to comply with restrictions they regard as inevitable.

The U.S. Environmental Protection Agency on Monday declared emissions of greenhouse gases, including carbon dioxide, to be a danger to human health……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Nytimes.com: Does Russia hold hostage the future of a carbon cap-and-trade system that many experts see as a critical tool for curbing global greenhouse gases? Improbable as it may seem, the answer appears to be yes.
That is because Russia, as a result of the collapse of much of its heavy industry in the 1990s, owns one of the largest stocks of credits to offset carbon emissions……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Bloomberg: The following events and economic reports may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from yesterday’s session.

Brazil: Prices measured by the IGP-DI increased 0.15 percent in November, reversing 0.04 percent deflation in October, according to a Bloomberg survey of 27 economists……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Etftrends.com: Gold prices have been on a seemingly unstoppable run in the last few months, but it suddenly seems to be on pause. Exchange traded funds (ETFs) can give you the opportunity to capitalize, no matter what gold’s next move happens to be.

Gold’s decline today is part of a ripple effect emanating from last Friday’s unemployment report, which showed a 0.2% decline in November from October……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Thestreet.com: The top-performing exchange traded funds in November rode the rally in precious metals, such as gold and platinum, as investors sought to protect themselves from inflation.
The iPath Dow Jones-UBS Platinum Subindex Total Return ETN was the had the biggest return among ETFs last month, rising 26%. Platinum climbed 9.7% in November, its biggest monthly gain since February 2008. The fund has almost doubled in the past year……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From Reuters: Coal is now a fully commoditised product that is traded actively in the United States, Europe and the Asia-Pacific region.
Financial derivatives contracts are also traded in large volumes by power utilities, coal producers, trading companies, and banks to hedge or lock in profits……………………………..Full Article: Source

Posted on 08 December 2009 by VRS |  Email |Print

From BBC: By 2030, the four areas will account for more than two fifths of the world’s water demand, largely thanks to a sharp rise in food production, McKinsey says.

By then, demand for water will be 40% higher than it is currently, the consultancy predicts……………………………..Full Article: Source

See more articles in the archive

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30