Mon, Jul 28, 2014
A A A
Welcome kbr175@gmail.com
RSS
Commodities Briefing 24.May 2011

Posted on 24 May 2011 by VRS |  Email |Print

Jeffrey CurrieGoldman Sachs Group Inc. (GS) said investors should buy crude oil, copper and zinc as sustained economic growth will tighten supplies.
“We believe that the risk/reward once again favors being long commodities,” analysts led by London-based Jeffrey Currie said in an e-mailed report today. “Economic growth will likely be sufficient to tighten key supply-constrained markets in the second half, leading to higher prices from current levels.”………………………………………Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Qu HongbinCommodities prices on the Shanghai Futures Exchange (SHFE) lost ground Monday as international investors wrung their hands over the European debt crisis and HSBC released a preliminary report showing that a key manufacturing indicator will slip to a 10-month low in May.
The domestic market was spooked by a report by HSBC released Monday morning predicting that China’s Purchasing Managers’ Index (PMI) for the manufacturing sector will fall from 51.8 in April to 51.1 in May, said Zhuo Guiqiu, an analyst for Minmetals Futures in Shenzhen……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Along with the persisting euro-zone debt worries, China’s growth (or lack thereof) is also chewing away at sentiment this morning.
Overnight, HSBC’s preliminary purchasing managers’ index for May came in at 51.1, a 10-month low. That prompted Chinese shares to drop, with the China Shanghai Composite falling nearly 3%, its worst showing in four months……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Commodity prices appear to be heading south, something that will please consumers battling with soaring living costs. But the wild swing in their prices recently has left people baffled.
In the past, shifts in demand and supply have tended to be the determinants when it comes to pricing commodities, whether “hard” ones coming out of the ground like copper and iron ore, or “soft” commodities such as wheat and rice, which are grown……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Gold and other precious metals prices fell as the new trading week got underway in New York this morning and the principal culprit for the decline was identified as the rising US dollar by polled traders. This is not to say that there were no other factors that came into the equation to help commodities values move to lower ground this morning.
Chief among the “extras” was the fact that a survey focusing on the Chinese purchasing managers’ index for the current month – conducted by HSBC – indicates that the official figures from the country may indeed reveal that manufacturing activity in May has slowed to a 10-month low. ………………………………………Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

The volatility in the price of silver and other commodities over the past few weeks has made investors sit up and pay attention. Questions have already begun to be asked as to whether or not the commodity super-cycle is over-played and exchange-traded funds have come under fire, used as scapegoats for the pull-back in commodity prices.
However, resources managers believe the long-term fundamentals for the sector remain sound and that recent price falls represent a good buying opportunity……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Jim Rogers, commodities and currencies trader extraordinaire, said he will sell dollars during the current dollar rally, reiterating his view of the Chinese Yuan as the “safest investment,” the Associated Press reported.
He characterized the commodities trade as a “big bubble,” although the prices of materials and agriculture have a long-term run ahead, suggesting investors wait for a pullback in gold before purchasing the yellow metal………………………………………Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Jim Rogers always says his timing is terrible, particularly when it comes to the markets, though it’s hard to believe that of such a successful and inveterate investor. Still, he admits he was completely wrong about the decision that now dominates his life, to have kids.
“I thought children were a terrible waste of time, energy, money” I felt sorry for my friends who had children,” he says. “I thought it was something I would never do. I was terribly wrong. They are so much fun.”………………………………………Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

With the Bernanke sponsored $600bn QE2 life support expiring in June, analysts feel that gold as an asset class would be less attractive!
This is surprising as investors hold the notion that the termination of QE2 would add to the global uncertainty there by driving up gold prices further. Extrapolative predictions by some analysts pegged gold prices to touch $2000……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Well, that was fun wasn’t it, gang? A huge drop in silver from $49.75 to the $32 ranges after eight months of rallying from $19 to near $50. A 150% gain in silver in eight Fibonacci months, sounds like a pretty overbought situation.
Gold in the same time frame lagged badly, but all of that was predicted by me late last August due to the consolidating “B wave” in silver that was preceding what I felt would be a “massive rally” in the metal……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Renewed worries about Eurozone sovereign debt has inspired discussions that nations at risk of defaulting should consider selling some of their gold or other assets as part of bailout packages to stabilize their economies.
This idea arose when some German politicians suggested a few weeks ago that Portugal should sell some of its gold reserves as part of a financial aid package for the beleaguered nation. Portugal eventually received aid without having to pledge any gold, but the notion for countries to sell metal reserves or other assets continues to reverberate……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Should investors revise their commodity positions in the light of market movements in recent weeks? This depends on the reasons for investing and involves making a judgement call on whether the falls represent a short-term correction or a reversal in trend.
If commodities were chosen in order to diversify risk, the sell off provided a useful reminder of the inherent volatility of the asset class and its close relationship with other risk assets……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Copper prices fell 3.2 percent after a survey showed China’s manufacturing sector slowed in May and Chinese imports fell in April. It’s an indication that the pace of growth may be easing in the world’s-second largest economy.
China is a huge importer of commodities and investors are concerned the government’s efforts to control inflation could hurt demand. They also are concerned that Italy could join Greece, Portugal and Ireland on the list of European countries with serious debt problems……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Iran’s President Mahmoud Ahmadinejad said on Monday one of his ministers will take his place at the next OPEC meeting, the official IRNA news agency reported, a move seen as retreat in a power struggle with hardline rulers.
The president and his allies have been fiercely criticized by conservative politicians, hardline senior clerics and the elite Revolutionary Guards in the past weeks for trying to obtain wide-ranging powers……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

The International Energy Agency’s (IEA) exceptional call on oil-exporting countries to provide more crude urgently in a bid to avoid further damage to global growth has come too late. Soaring food and fuel prices have already started to act as a drag on consumer spending and growth in the United States and other oil-importing countries.
Dallas Fed President Richard Fisher Thursday blamed high gasoline prices for having a “retarding effect” on the recovery……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Are you tired of watching hedge funds ruthlessly beat the returns of your amateurish portfolio? Do you ever wonder how guys like John Paulson and Steve Cohen so easily produce 15%, 20%, even 30% returns on an annual basis?
Could you use some extra income to buy a second home, an island in the Caribbean, a Degas, Warhol, Van Gogh or other work of art, or do you just want to live and eat well — like Raj Rajaratnam on the night before his jail term?………………………………………Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Investors and financial advisers may be elated that the S&P 500 has almost doubled since it bottomed in March 2009, but that improvement hasn’t erased the memories of 2008.
The 1,600 advisers at the annual Investment Management Consultants Association conference last week clearly were more interested in ways to reduce risks to their clients’ portfolios than finding them returns……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Jim Rogers, an influential investor, said he will sell his dollar assets into any rally as the greenback loses it status of world reserve currency, calling the Chinese yuan the “safest investment”.
He described commodities as a “big bubble”, although one that had much longer to run, advising short-term caution on gold. “Don’t put all your eggs in the U.S. dollar,” said Rogers at a conference. ………………………………………Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

The euro slid for a third day against the yen and Asian financial stocks fell on speculation Europe’s debt crisis will weigh on global growth. Oil and copper rose, helping commodities snap yesterday’s losses, after Goldman Sachs Group Inc. advised investors to return to raw materials.
Europe’s 17-nation currency weakened to 114.95 yen as of 10:53 a.m. in Tokyo from 115.20 yesterday in New York. The pound dropped against 14 of its 16 most-active counterparts………………………………………Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

The Australian dollar rallied after Goldman Sachs Group Inc. recommended investors buy commodities, boosting prospects for the nation’s exports.
The so-called Aussie also rose against all its major counterparts after Robert Nicholl, the head of the government’s debt management, said the currency is gaining stature as a reserve currency for foreign central banks. New Zealand’s dollar pared yesterday’s losses……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Recent developments in international carbon finance have seen investors and carbon intermediaries moving away from the global carbon market and towards local initiatives, such asregional carbon trading regimes, as a means of participating in carbon reduction financing or achieving climate change objectives.
This short piece identifies and begins to examine this trend away from global carbon market development and towards regional initiatives and some of the reasons for this movement……………………………………….Full Article: Source

Posted on 24 May 2011 by VRS |  Email |Print

Funds cut bets on rising prices for wheat, cocoa and other food commodities on easing concern about shortages and on speculation higher costs will curb demand.
Speculators reduced their net-long position in wheat by 54 percent to 11,206 futures and options contracts on the Chicago Board of Trade in the week ended May 17, data from the U.S. Commodity Futures Trading Commission show. The position in cocoa slumped 39 percent, in lean hogs 33 percent, in coffee 31 percent and in soybean oil 15 percent……………………………………….Full Article: Source

See more articles in the archive

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031