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Commodities Briefing 06.Dec 2011

Posted on 06 December 2011 by VRS |  Email |Print

Jim RogersInvestment gurus Jim Rogers and Marc Faber agree to various degrees on many issues but the one thing separating them this week is the future direction of the Chinese economy and if this could have a devastating impact on commodities around the world.
Both Faber and Rogers have been warning about the effects of monetary and fiscal policies on the US economy, since the recent rally has been mostly based on printed money, a kind of ‘reverse Robin Hood policy’ of governments, to steal from the peasants to give to the rich………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

The global economy is only in the early stages of the current super cycle and elevated commodity prices are likely to remain as developing nations industrialise, new research suggests.
Broker Ambrian says a number of similarities exist between the commodity markets post the 1929 stock market crash and current conditions. The half decade after 1932 saw commodity prices trending higher and characterised by increased volatility, says the broker………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Hedge funds retreated from bearish oil bets as rising tension with Iran, OPEC’s second-largest producer, pushed crude to more than $100 a barrel.
The funds and other large speculators increased wagers on rising prices by 2.6 percent in the seven days ended Nov. 29, according to the Commodity Futures Trading Commission’s Commitments of Traders report on Dec. 2. They had cut so-called long positions, bets on rising oil, by the most since August the previous week, the Washington-based CFTC said………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

OPEC oil producers, at odds over supply policy since June, look set at a mid-December meeting to agree a new production target that legitimises current cartel output around 30 million barrels a day.
OPEC’s leading price hawk Iran, appears to have given up its campaign to have Gulf Arab nations including top producer Saudi Arabia cut back supply………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

OPEC’s Secretary General Abdullah Al-Badri said Monday Libya’s “strong comeback” would have a large impact on the oil market, contrary to previous predictions.
Speaking to reporters on sidelines of the 20th World Petroleum Congress (WPC-2011), Al-Badri said Libyan oil production would return to its pre-February 17 2011 levels during the second half of next year………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Representatives from a half-dozen OPEC nations acknowledged Monday what many U.S. politicians won’t — that global warming is indeed a problem.
The representatives attending the World Petroleum Congress — a week-long gathering of oil industry executives and government officials held every three years — outlined steps their countries are taking to move toward cleaner, renewable energy………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Despite signs of progress, governments need to advance initiatives to increase fuel economy and decrease automotive emissions, the IEA said from South Africa.
The International Energy Agency, in a 31-page report issued during the international climate conference in Durban, South Africa, said improvements are needed, and fast, if the global community is to cut emissions from new cars by 50 percent of 2005 levels by 2030………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Solar energy could become a competitive energy source within 20 years, according to a new publication from the International Energy Agency (IEA). The publication, Solar Energy Perspectives, looks at how best to use, combine and promote the major types of solar power, solar heating/cooling, photovoltaic and solar thermal electricity.
Some solar technologies are getting close to competitiveness in some circumstances for some uses, but only a limited number of countries have been supporting the effort………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Silver, one of the most volatile assets in the world, has just started to climb off the back of its worst readings in four years as the traders and hedge funds start returning to the market.
Over the last year, silver has seen massive price swings, including an 81% rally and two 30% drops which forced many traders to liquidate their silver holdings in order to meet emergency short-term requirements………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Friday’s all-important EU summit will dominate headlines and dictate market behavior this week, UBS’ precious metals analyst Edel Tully said Monday in a note on gold. The yellow metal is poised to rally in the event of a positive outcome, as its been trading alongside risk assets recently.
A disappointing statement could result in a big price drop, sending gold below $1,700. Regardless, Tully sees a 2012 rally looming………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Gold prices dipped on Monday, after posting their sharpest weekly rise in more than a month, in cautious trading ahead of a meeting of European Union leaders to come up with a firm plan to tackle the euro zone debt crisis.
The two-year-old debt crisis has not only pushed a few euro zone nations to the brink of bankruptcy, but also threatened to split the single currency bloc and shake the global economy………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

After a 20% fall in September, the technical picture for gold is improving. In September, gold touched a record nominal high just above $1,920, but quickly fell to about $1,540. The move scared speculators and offered a great buying opportunity for those wishing to invest in gold. Now, gold prices have recovered to $1,750.
The recovery has been fueled by monetary easing actions and strong buying support across the board………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Buying Gold can be one of the most lucrative and sound investments that you can ever make. There are many different options of gold that you can buy. Depending on what you hope to attain, gold bullion coins may be the most profitable asset you can invest in. Here is a wide range of the reasons why buying gold bullion coins is the way to go in your gold investment.
Pure Assets - gold bullion coins are often considered the purest asset when looking at the big picture of assets one can own. They offer intrinsic value to your portfolio and can yield your immense returns………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

ETF Securities Ltd. said outflows from its precious metals exchange-traded commodities were $234 million last week, the most since May.
The total net outflow for commodities was $280 million for the week through Dec. 1, with gold a negative $30.1 million, palladium a negative $23.7 million and copper inflow at $11.5 million, ETF Securities said in a report e-mailed today. Silver saw the fourth consecutive week of inflows, at $3.7 million, as investors took advantage of low prices, it said………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Among investors interested in exposure to commodities, gold and crude oil tend to dominate most discussions. These natural resources are among the most widely traded in the world, and tend to account for the lion’s share of allocations to the “third asset class” in most long-term portfolios. But these two commodities are, of course, only the tip of the iceberg.
There are dozens of resources that can be used as investable assets, ranging from dietary staples such as wheat and corn to raw materials used widely in construction such as timber and copper………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

BNP Paribas, the Paris-based bank, filed paperwork with U.S. regulators to market a futures-based commodities fund that strives to outsmart futures markets that are in contango with an optimized rolling methodology.
The S&P Dynamic Roll Global Commodities Fund will track the world-production-weighted S&P GSCI Dynamic Roll Excess Return Index, which is a long-only synthetic portfolio consisting of futures contracts on 24 underlying index commodities………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

A commodity is something that has universal definition and demand. Everyone knows what food is, and everybody wants it. Nearly everyone in the world knows what gold is, and nearly all of them want it. The same is true for oil, steel, copper… the list goes on.
In short, commodities are always in demand. The benefits of commodities are permanent and tangible. They aren’t a service, or the latest gadget that’s hot one day and cold the next. And, as the U.S. economy continues to stumble, exposure to commodities is more important now than ever……………………………………….Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

By far the most important event of the past week was the joint announcement by the world’s leading central banks that they were extending existing US dollar swap agreements and lowering the swap rate. Furthermore, these dollar swaps will be extended to secondary swaps between individual central banks in non-dollar currencies as required.
The stated purpose of this action, according to the Bank of England, is to ease strains in financial markets to ensure credit continues to be available to households and businesses, and so foster economic activity………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

As if European debt talks weren’t enough to hammer banks this holiday season, the do-gooders trying to profit from stemming global warming are also losing their jobs.
JPMorgan, Commerzbank, UBS and others are cutting traders and analysts in climate-related businesses, Bloomberg reports. JPMorgan’s MD for environmental markets has left by mutual agreement, UBS has fired its climate policy group and the alternative energy analyst at Commerzbank is gone. What once seemed like a promising area of expansion has disappeared like a puff of hot air………………………………………..Full Article: Source

Posted on 06 December 2011 by VRS |  Email |Print

Australia has formalised its negotiations with the EU and New Zealand to link carbon trading markets regardless of what happens in negotiations for a global climate change agreement in Durban this week.
Climate Change Minister Greg Combet arrived in the South African city yesterday and held his first meetings with senior officials from the US and Japan………………………………………..Full Article: Source

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