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Commodities Briefing 29.Mar 2011

Posted on 29 March 2011 by VRS |  Email |Print

Brian DennehyConflict in the Middle East helped push the oil price to new peaks last week and rising demand from emerging markets for a wide range of commodities – ranging from “softs” such as foods to other forms of energy – have also propelled valuations upwards.

But how can individual investors gain access to these asset classes and is it too late to pop some in your individual savings account (Isa) or self-invested personal pension (Sipp)?……………………………………Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

Patricia MohrReconstruction in Japan following this month’s earthquake and tsunami is likely to boost prices for lumber, plywood, steel and other building materials, a leading Canadian bank said Monday.

Scotiabank said in a research note that commodity prices were like to see an increase over the next six to 12 months as Japan recovers from this month’s earthquake and tsunami, and continues to grapple with the crisis at the Fukushima-Daiichi nuclear plant……………………………………..Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

We’ve seen gold and oil prices skyrocketing these past couple of months. We’ve seen food prices spark major uprisings in the Middle East, and new governments are taking shape even as commodities like corn are starting to trade higher again.

The swings in commodity prices may put some investors off. Gold is near all-time highs, but has climbed $35 in the past few days. I’m sure many people are questioning how much higher commodities can get…………………………………….Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

Technical signs are increasingly pointing towards short-term topping potential in most of the major currencies and commodities, according to analysts. Currency analysts predicted that the bull runs seen in gold and oil in the last two weeks showed signs of peaking, and could end in a pull back towards $1,382 for gold and $97 for oil after some corrective selling.

In addition, the immediate outlook for both the euro and pound is bearish, which should prove positive for the dollar in the short-term…………………………………….Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

The Japanese earthquake on March 11 almost took the heat off oil prices that were fed by the continuing turmoil in Libya and some countries in the Middle East.

All other factors in the market are still there but they have taken a secondary role for the time being. Analysis for economic growth, oil supply and demand balances and price expectations that were made before the Japanese disaster are now uncertain and must be reviewed……………………………………..Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

Precious metals were the top-performing investment for the second consecutive year during 2010 with their value soaring by 42% as people sought a safe haven from inflation.

According to Lloyds TSB, it was the fourth time in five years that precious metals topped the tables for the best asset class, as continuing uncertainty over the prospects for the global economy caused investors to flock to gold, silver and platinum…………………………………….Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

A report by the Silver Institute forecasts a healthy outlook for global silver industrial demand, the largest component of annual silver fabrication demand. The report states that industrial uses of silver should rise sharply over the next five years to 666 million troy ounces (Moz) by 2015, representing 60% of total fabrication demand that year – a 36 percent increase over 2010’s figure of 487 Moz.

The report, The Future of Silver Industrial Demand, was produced by the leading precious metals consultancy, GFMS Ltd, on behalf of the Silver Institute. The report assesses the future prospect of total silver industrial demand over the next five years, and where sector growth opportunities are likely to emerge…………………………………….Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

Gold declined for a third day in New York as some investors sold the metal after its rally to a record and on signs the U.S. economy is improving. Silver, platinum and palladium also fell.

The U.S. economy grew at a 3.1 percent annual rate in the fourth quarter, revised up from a 2.8 percent estimate issued last month, data showed March 25. A Federal Reserve official said the central bank may scale back its monetary stimulus…………………………………….Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

Gold prices continued to drop at the bullion market here today due to consistent offloading from stockists on the back of mute local buying interest amid bearish overseas trend. Silver also slumped on heavy profit taking by speculators as well as subdued industrial demand.

In overseas, the precious metals declined on strengthening dollar valuations over late last week’s comments from a Federal Reserve official on reversing easy money policy……………………………………..Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

Physical demand for gold and silver is strong as investors seek protection of wealth against uncertainty in the Middle East. It has already been reported that Col. Gaddafi has been a wise gold investor, preparing for this crisis by hoarding a large amount of the precious metal to fund his military and to hedge against economic sanctions.
Just like he’s been hoarding precious metals, many throughout the Middle East are trying to sell their assets and seek out the shelter of safe havens……………………………………..Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

With over $1 trillion in assets, investors are betting with their wallets that exchange traded funds (or ETFs) are an excellent investing vehicle. Basically, exchange traded funds are baskets of investments – which range from stocks, bonds and even commodities.

But there is confusion about how ETF funds differ from ETN investments. ETN stands for exchange traded note, rather than exchange traded fund…………………………………….Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

In the last few years investors have gained a new awareness of the agriculture investment theme. This sector has benefited from the recent overall lift in commodity prices and from improving diets in many emerging-market nations. The go-to exchange-traded fund for this theme has been the Market Vectors Agribusiness ETF , but that might be changing.
There have been other ETFs that are very similar to MOO, but last week a different kind of agriculture fund made its debut: the IndexIQ Global Agribusiness Small Cap ETF……………………………………Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

After the public cried foul over the management of the commodities market, regulators placed position limits on the commodities futures market in an attempt to prevent price manipulation and speculation, but now one prominent commodity fund provider says the limits are hurting the exchange traded fund (ETF) industry.

Last Friday, U.S. Commodity Funds (USCF) said position limits would adversely affect the value of the ETF pools managed by itself and other fund providers, stating “position limits will hamper the ability of USCF and other managers of publicly traded, unlevered, passive commodity funds to prudently meet the investment objectives of the commodity pools that they manage,” reports Christopher Doering for Reuters……………………………………..Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

It is now easier to trade carbon credits resulting from green energy projects and afforestation following the launch a carbon trading facility in Nairobi, the Africa Carbon Exchange. The exchange is the stock market for environment assets, where buyers bid for and buy carbon credit certificates on offer.

“The exchange offers an opportunity for people to earn dividends for using cleaner energy and growing more trees,” said Mr Job Kihumba, the chairman of the exchange and a veteran of the Nairobi Stock Exchange…………………………………….Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. have continued talks in recent days about a possible joint bid for NYSE Euronext, but the two companies still are working to overcome hurdles, according to people familiar with the matter.

One of the biggest sticking points is how much to bid for NYSE Euronext, which announced in February an agreement to be acquired by Frankfurt’s Deutsche Börse AG. Both ICE and Nasdaq have tentatively agreed that they would need to pay more than $40 a share, or roughly $10.5 billion, for NYSE Euronext, and that the value of the businesses Nasdaq wants represent slightly more than half the value of the company, these people said…………………………………….Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

Sri Lanka’s Securities and Exchange Commission (SEC) on Sunday called for international expressions of interest (EOI) on Commodities Exchanges in newspaper advertisements.
The advertisement said that SEC is calling EOIs to establish and operate a fully fledged, multi-asset class Commodities Exchange. It also said that prospective parties should possess a track record of more than five years in establishing and operating such exchanges. They should also have at least US$ 100 million in shareholders funds/net assets and local parties may submit an EOI with a foreign party…………………………………….Full Article: Source

Posted on 29 March 2011 by VRS |  Email |Print

The pound’s value against other world currencies has fallen to its lowest level since December as expectations of a UK rate rise recede. Sterling’s trade-weighted index – calculated against a basket of the main global currencies - fell as low as 79.1, its weakest since late December.

The pound is being sold on the currency exchanges as pessimism over the UK economy is pushing back expectations for when the Bank of England is likely raise interest rates…………………………………….Full Article: Source

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