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Commodities Briefing 11.Dec 2009

Posted on 11 December 2009 by VRS |  Email |Print

From Reuters: Commodities may be falling now after rising too far, too fast in a recession year, but the cyclical nature of these markets means another price explosion may be coming, investors and strategists at the Reuters Investment Summit this week said.

Some of the world’s most influential investors said the correction in prices for energy, metals and crops this month was warranted after prices had risen with few stops since the end of September………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Amm.com: Just over a year after the biggest financial crash since the Great Depression, financial investors are pouring record amounts of cash into commodities and are likely to increase their investments next year, according to Barclays Capital.

Institutional investors are believed to have put a record $60 billion into commodities in 2009, the British investment bank said, and that amount is set to increase in 2010 based on a survey of some 300 attendees at the bank’s fifth annual U.S. Commodities Investor Conference this week………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Forbes: Institutional investors have largely abandoned the idea that commodities offer portfolio diversification, and instead are poised to increase their exposure on the basis of absolute returns, often by trading more actively, a Barclays Capital survey found.
There was little surprise that 63 percent of those surveyed for the bank’s annual commodities investment conference — which included a wide range of investors, from passive endowments to dynamic hedge funds — said they expected to increase their commodities exposure in the coming year, or that 59 percent had boosted their holdings over the past 12 months………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Hemscott.com: After a roller-coaster decade of returns in traditional asset classes like stocks and bonds, many investors have started looking to alternative assets, like commodities, to help round out portfolios.
Of course, adding commodities to an asset allocation strategy is no silver bullet. Buying natural gas futures doesn’t give you a stake in the cash flow of a business like stocks or the steady income stream from bonds………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Etftrends.com: Exchange traded funds (ETFs) that track commodities were under the regulators’ microscope a few months back, but despite all that, some experts feel that they still have a future in the markets and with investors.

The Commodity Futures Trading Commission (CFTC) took a look at commodity ETFs in the wake of the run-up in oil and natural gas prices………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Commodityonline.com: Global commodities investing legend Jim Rogers has clarified on the gold price prediction that he has recently made. He said on Thursday that gold prices will hit $2000 per ounce within the next one decade or by 2019.

Rogers has come out with the clarification as varous media reports said that he has forecast gold prices to touch $2000 per ounce by 2010………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Commodityonline.com: The head of the World Gold Council says that buying gold is proving invaluable for investors in the current economic climate.

Gold has been on a bull run since 2001 and has performed particularly strongly since the advent of the financial crisis, with a record $1,227 per ounce being reached last week………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Mineweb.com: While the global financial crisis had left miners wary and loathe to make major decisions, a recent Ernst & Young study suggests companies prepared to make tough decisions and be the first to act, could discover “there could be significant benefit and opportunity right now.”

“The mining and metals landscape has changed faster and more dramatically than anyone thought possible, and market unpredictability is quickly becoming the biggest challenge mining and metals companies face,” said Tom Whelan……………………………..Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From BBC: The price of oil dipped below $70 a barrel, falling to a two-month low, amid continuing concerns over demand.

US crude for January delivery fell 84 cents to $69.81 a barrel, before settling at $70.13 as it lost ground for the seventh consecutive day………………………………Full Article: Source

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From Zawya Dow Jones: Saudi Arabia’s oil minister said Wednesday the kingdom expects to add natural gas reserves next year and boost gas output significantly by 2015, which will help drive the development of the country’s petrochemicals industry.

Saudi Arabia’s proven gas reserves, which stood at 263 trillion cubic feet at the end of 2008, will increase next year as Saudi Arabian Oil Co. is expected to discover “a minimum of 5 trillion cubic feet of additional non-associated gas reserves annually,” Ali Al Naimi told the Gulf Petrochemicals and Chemicals Association forum in Dubai………………………………Full Article: Source

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From Thestreet.com: Oversupply in the natural gas market has taken its toll on the commodity, but some investors are flocking to it — and for good reason.
First, the regions of the U.S. that historically have used natural gas are expected to witness colder temperatures than normal this winter………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From AFP: The clean energy technology sector will grow into a 1.6 trillion-euro (2.4 trillion-dollar) industry by 2020, becoming the third largest industrial sector after automobiles and electronics, WWF said Friday.

The clean energy industry, which includes wind energy infrastructure, insulation, solar panels and bio-ethanol treatment production, generated 630 billion euros in revenues in 2007, a sum that has already surpassed that of the global pharmaceutical industry, said WWF………………………………Full Article: Source

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From Hardassetsinvestor.com: Is the future sunny? On the opening day of the global climate summit, the market seemed to think so. Both the Claymore/MAC Global Solar Energy Index ETF and the Market Vectors Solar Energy ETF rose over 3 percent on Monday.

The two ETFs are very similar: Both have the same expense ratio (0.65 percent) and share the same companies in their top 10 holdings, differing only in the weighting. But year-to-date, TAN is looking better - and not just because of its cute ticker symbol:……………………………..Full Article: Source

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From Glgroup.com: Experts forecast the global carbon market to reach $2 trillion by 2025, a market evolution akin to the internet boom of the 1990’s, and equally disruptive.
During that time, Copenhagen will revive the EU promise of a strong market-based solution that will be gradually adopted by richer nations………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Xinhua: “Carbon emission trading,” a scheme that allows market forces to reduce carbon dioxide emissions and tackle climate change, has drawn world-wide attention in recent years.
Many people hope such a scheme, which works through market mechanism, could effectively promote the development of a low carbon economy and hence solve the climate crisis we humans are facing today………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Telegraph: Carbon trading fraudsters may have accounted for up to 90pc of all market activity in some European countries, with criminals pocketing an estimated €5bn (£4.5bn) mainly in Britain, France, Spain, Denmark and Holland, according to Europol, the European law enforcement agency.
The revelation caused embarrassment for European Union negotiators at the Copenhagen climate change summit yesterday, where they have been pushing for an expansion of their system across the globe to penalise heavy emitters of carbon dioxide………………………………Full Article: Source

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From Scotsman.com: Banking giant HSBC has moved into pole position to buy the remainder of the Asian retail and commercial banking assets that Royal Bank of Scotland has put up for sale, sources said yesterday.
It is believed the two banks have all but agreed a deal for the businesses, deemed non-core by RBS chief executive Stephen Hester, in China, India and Malaysia………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Etfdb.com: The steady decline of the U.S. dollar has been one of the major stories of the second half of 2009, with a “perfect storm” of economic conditions sending the greenback to new lows against many of its major rivals.
While a declining dollar isn’t nearly the problem that some make it out to be – a weak currency actually makes U.S. imports more attractive to foreign consumers – worries about a continued slide have all walks of investors, both hedgers and speculators, looking for efficient ways to achieve short exposure to the dollar………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From AP: The safe-haven dollar was nearly flat Thursday, caught in cross-currents of anxiety about European governments’ finances and a pickup in a taste for risky trading as U.S. exports grew and a measure of job losses declined.

For more than a year, the dollar and short-term government debt has tended to trade inversely with stocks, commodities and emerging-market currencies, which investors deem riskier………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Reuters: A strategy to invest in higher-yielding assets using low-interest-rate currencies will remain in favor in 2010, with sterling stepping in alongside the U.S. dollar as the prime currencies financing these trades.

Asset managers at Reuters Investment Summit in New York this week said sterling is their least favorite currency, sullied by low interest rates and by a slew of spending cuts and tax increases………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Dailyfx.com: Forex futures and options positioning data suggests that the US Dollar may continue its recent recovery, rallying further against the Euro and other major counterparts. CFTC Commitment of Traders data shows that Non-commercial traders—most often speculative in nature—remain heavily short the US currency.

Forex futures and options positioning data suggests that the US Dollar may continue its recent recovery, rallying further against the Euro and other major counterparts………………………………Full Article: Source

Posted on 11 December 2009 by VRS |  Email |Print

From Reuters: Gold came under selling pressure on Thursday as the dollar held firm, while fears of another bout of financial turbulence and economic uncertainty also prompted a retreat from oil and copper.

Industrial metal copper fell to two-week lows of $6,810 a tonne, gold slipped to $1,121.30 a troy ounce — near this week’s low of $1,116.80. Crude oil slid to $70.44 a barrel, near two-month lows hit on Wednesday………………………………Full Article: Source

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