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Commodities Briefing 11.Nov 2011

Posted on 11 November 2011 by VRS |  Email |Print

After a series of tightening measures by China’s central bank choked off bank loans to small- and medium-sized companies (SMEs), many resorted to importing copper and other commodities as a way to get cheap loans.
Following are questions and answers on the “cash for commodity” business in China:……………………………………….Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

Mark O’ByrneGold traders and analysts are the most bullish in at least seven years as investors accumulate metal at the fastest pace since August to protect their wealth from a widening European debt crisis.
Twenty-one of 22 surveyed by Bloomberg expect bullion to rise on the Comex in New York next week, the third consecutive increase and the highest proportion in data going back to April 2004. Holdings in exchange-traded products backed by gold rose 25.4 metric tons this week, within 1 percent of the record set almost three months ago, data compiled by Bloomberg show………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

Gold is ultimately better served if there is a stable long-term European economy. Short term, there may be wide fluctuations with gold as Europe sorts out its current dilemma. We have problems in the U.S. as well. Gold is better served with more stable economies.
I’m averaging down on certain investments that I believe to be seriously undervalued because of the problems. There seem to be so many traders and investors who have literally disappeared from the market, resulting in major investment opportunities for investors looking for long-term capital appreciation………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

Silver prices are ready for a big run up, believes John Embry of Sprott Asset Management. And in a recent interview with King World News, Embry believed that silver will double to $70/oz within the next two months.
Earlier at the Casey Research Summit, Embry had outlined why he believed silver will perform strongly in the coming years……………………………………….Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

Markets fell on Thursday, led by copper, after Italy’s rising borrowing costs, coupled with Greece’s debt troubles, heightened concern the euro zone crisis is spreading and China’s exports rose at their slowest in eight months.
Copper declined for a fifth day in its longest losing streak in more than a month while grains and gold futures GCcv1 slipped, though crude LCOc1 was steady above $112………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

World oil demand will be a bit lower than expected this year and next as economic slowdown and high prices curb consumption but the oil market is strong and supply remains tight, the International Energy Agency (IEA) said on Thursday.
The agency, which advises more than two dozen wealthy industrialized countries on energy policy, said demand for oil from the Organization of the Petroleum Exporting Countries (OPEC) was running ahead of output………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

World oil demand will be lower than expected this year and next as economic slowdown and high prices curb consumption, the International Energy Agency (IEA) said on Thursday.
The agency, which advises industrialised countries on energy policy, said oil prices had been stubbornly high, helping restrain fuel use in the United States, China and Japan in the and this trend could intensify if economic activity slowed………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

The Organization of Petroleum Exporting Countries will bolster crude shipments this month by the most in at least a year to meet winter demand in Asia, according to tanker-tracker Oil Movements.
OPEC will export 23.3 million barrels a day in the four weeks to Nov. 26, an increase of 4.6 percent from the 22.28 million barrels shipped in the month to Oct. 29, the Halifax, England-based researcher said today in an e-mailed report. Shipments were more than 2010 levels for the first time since Libyan supplies were disrupted in March. The figures exclude Ecuador and Angola………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

Investors stuck with gold exchange-traded products (ETPs) in October, but most other commodities ETPs saw outflows as investors remained cautious about the outlook for economic growth.
The gold trend has continued into November as the eurozone crisis has intensified, but oil ETPs have also begun to attract monies as investors eye developments in Iran………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

After a record-setting October gave investors hope that 2011 would finish on a strong note, the first couple weeks of November have effectively taken any wind out of those sails. The culprit - surprise, surprise - has been the cash-strapped PIIGS economies of Europe, with Italy now grabbing the spotlight as a serious credit risk and a grave threat not only to Europe but to global financial markets.
And just like that, it appears as if we are heading to a dismal end to a generally dismal year for many investors………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

Bourse Africa, owned 60% by Financial Technologies of India, said it will base its operations in Botswana. The trading platform will link to national and regional markets across the continent.
The Multi Commodity Exchange of India Ltd (MCX) is Bourse Africa’s strategic domain partner. MCX operates a metals and energy products marketplace, out of Mumbai………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

Valero Energy Corp. is the largest independent petroleum refiner in the United States. The company owns and operates 13 refineries in the U.S., Canada and Aruba, and has total throughput capacity of 2.6 million barrels per day.
Valero also operates around 1,400 retail sites under the Valero, Diamond Shamrock and Ultramar brands. Valero offers the most diversified refinery base out of all the other independent refiners, with a footprint in all major regions of the US………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

China’s currency will continue to be a topic during the Asia Pacific Economic Cooperation (APEC) forum in Hawaii later this week. Experts say that the United States is likely to keep pressing China to appreciate its currency - a move supported by many US lawmakers.
The US has been criticizing China’s “undervalued currency”, claiming it is a way China keeps its exports cheap in overseas markets………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

European politicians plan next week to revive debate on raising the target to cut the EU’s carbon emissions as the bloc readies to take a leading role in climate change talks in Durban later this month.
Earlier this year, Poland, holder of the European Union’s rotating presidency, blocked an attempt to move up from the existing target of a 20 percent cut in carbon emissions by 2020 to a 25 percent goal………………………………………..Full Article: Source

Posted on 11 November 2011 by VRS |  Email |Print

Australia’s parliament on Tuesday approved the world’s third national carbon pricing scheme and the second largest outside Europe to control emissions growth and fight climate change.
It allows trading overseas through imports of U.N.-backed carbon offsets and will likely have future links to neighbouring New Zealand’s carbon trading programme………………………………………..Full Article: Source

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