Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS
Commodities Briefing 09.Dec 2011

Posted on 09 December 2011 by VRS |  Email |Print

Mario DraghiMetals and most energy prices fell Thursday as concerns deepened about Europe’s efforts to deal with its crippling debt crisis. Gold, palladium and oil each fell about 2% while silver finished down 3.3%. Natural gas, corn and soybeans rose.
European Central Bank President Mario Draghi said there was no existing plan for large-scale government bond purchases, which was something many investors had expected. The central bank did cut its benchmark interest rate to 1% and took other steps to help Europe’s economy………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Harris AntoniouABN Amro Group NV, the Dutch lender nationalized in 2008, is expanding its commodity-trade financing as other European banks cut back lending and sell assets to contend with the region’s sovereign-debt crisis.
Commodity-trade loans may have declined 16 percent this year as European banks that provide most of the funds face difficulties getting U.S. dollars, said Harris Antoniou, ABN Amro’s global head of energy, commodities and transportation………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

The US stock market is lower, with the Dow down about 81 points and the S&P off about 1%, but this is a blissful oasis compared to other markets, where the selling is getting much uglier.
European stocks, for example, are getting pounded, with the DAX off 1.6%, the CAC down 2.1% and Italy’s FTSE MIB off 3.1%. Meanwhile, commodities are also getting shellacked. Silver is off 2.4%, Nymex crude is down 1.7% and the former safe haven gold is down 1.4%………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Investors should stick with commodities and even invest in things like farmland over the coming years for growth and safety, says noted commodities bull Jim Rogers. Commodities prices may have dipped recently, but those declines were due in part to the bankruptcy of MF Global, a major player in the asset class.
Once MF Global accounts are liquidated and the market digests the company’s failure, expect natural resources to continue climbing………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Global demand for rare earths is forecasted to expand 7.1 percent per year to 180,000 metric tons in 2015. Meanwhile, sales are expected to more than triple from $3.0 billion in 2010 to $9.2 billion in 2015, according to a recent study by Reportlinker.
Consumption will be driven by increases in battery alloy, electronic product, motor vehicle and permanent magnet output. Market growth is expected to accelerate substantially from the 2005-2010 period, when demand in most nations was negatively impacted by sharp and unexpected reductions in Chinese export quotas which led to an exponential rise in rare earths prices………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

The China-driven commodities boom transformed economies and environments across the globe in 2011, a year that saw cashed-up mining giants invest record amounts into extracting Earth’s riches.
From Australia’s barren interior where plans were approved to create one of the world’s biggest open pit mines, to the Amazon rainforest where vast copper deposits were targeted, the mining phenomenon went into overdrive………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

For centuries, Gold has been looked as a commodity and a currency. When considering purchasing gold, it is important to make certain that you know what kind of purchase and investment you are making. Gold just like any commodity is subject to daily price fluctuations.
One of the first questions asked when considering purchasing gold is who controls the price? This question is often asked because gold is presented as being a stable and sound investment in a turbulent economic downturn. Despite its appeal, gold still operates on a market scale and abides by the supply and demand of the companies and organizations that produce it………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Gold traders are more bullish as investors buy metal at the fastest pace in a year to protect their wealth from Europe’s escalating debt crisis.
Eighteen of 26 surveyed by Bloomberg expect the metal to advance next week, the highest proportion since Nov. 11. Holdings in exchange-traded products backed by gold rose 108.6 metric tons to a record from the start of October, the most since the second quarter of 2010, data compiled by Bloomberg show. The extra bullion is valued at $5.99 billion………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

For the past decade, gold has grown ever more prominent in the investing zeitgeist. “It feels like it’s America’s pastime now,” says Stuart Rosenthal, chief executive officer of Factor Advisors, an asset-management firm in New York.
But after flirting with the $2,000-an-ounce mark this summer, the metal’s price promptly tanked this fall — at one point, dropping 9 percent in a week. The slump has left some investors in this $1.9 trillion market questioning how much gold should be in their retirement portfolios…if any………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Gold usually hits a low during the fourth quarter and launches into a strong rally that culminates late in the first quarter of the New Year. I have been accumulating positions over the last several months with this expectation in mind.
Looking at gold from a purely technical perspective confirms my bullish outlook. Plus, with European debt problems destined to evolve to a full blown crisis next year, the U.S. banking system will be drenched in its wake. The future for gold looks bullish from a fundamental viewpoint as well………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

I think that buying silver today is like buying gold for $554 an ounce. Let me explain: As I am writing, silver is currently trading at about 65.2% (32.6/50) of its 1980 high. If gold was trading at 65.2% of its 1980 high, it would be trading at $554 (0.652*850).
Now, I really like gold, even at today’s price of $1,738, but why should I pay $1,738, if I can get it for $554 by buying silver and then exchanging it for gold when the gold/silver ratio is at an extreme (in favor of silver)………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Junk Silver is a name given to any piece of silver based on its condition. The particular condition of the coin must be deemed fair or rough. Junk silver usually offers no real value to a collector of silver coins exceeding the bullion value. This is what makes old silver coins collectors convert the silver into bullion.
Commonly collected forms of junk silver include mercury dimes and Roosevelt dimes. In general collectors and investors sell the silver coins via a coin dealer, through a site such as Craigslist or eBay, or through classifieds as this allows for them to reap the benefits from the silver coins………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

According to Barclays Capital, Palladium could be “vulnerable ” in the short term. Shortly after 8 a.m. EST, Nymex March palladium was $7.45 softer at $678 an ounce after previously rallying strongly from the November close of $612.60.
The amount of metal held by global exchange-traded products was unchanged Wednesday but remains at the lowest level since March of 2010, Barclays added………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Tin prices to bounce back from $20470 (Wednesday’s LME closing price) to around $23,000 per metric ton in the next year, said Commerzbank in a research note.
According to Commerzbank, following a sharp price decline since the end of July, Indonesian tin producers imposed an export ban on themselves in a bid to prop up the price. Tin fell from a high of $29,000 in July to a low of $17,000 in September and was at $20,505 just before 8 a.m. EST Thursday………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Crude oil futures fell for a second straight day on Thursday as disappointing comments from the head of the European Central Bank increased doubts among investors that the region’s debt crisis will be contained.
The ECB cut interest rates as expected, but following the move, ECB President Mario Draghi said the bank did not consider cutting rates further and he remained cautious about further bond purchases, dashing hopes for more ECB help to quell the two-year-old debt crisis………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Crude oil has been in the limelight in recent weeks, as its priced surged from a low of $75 barrel to break through the century mark, marking an increase of over 35%. While oil has long been, arguably, the most popular commodity on the market, investors and traders alike are looking to hop in on the action as crude presents itself with a wealth of opportunities.
Though most people simply think of gasoline when they hear the term crude oil, this fossil fuel is actually a vital part of our everyday lives. Crude oil is utilized in everything from the production of plastics and fertilizers, to cosmetics and industrial solvents……………………………………….Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

The International Energy Agency hopes that the Organization of Petroleum Exporting Countries will make a “responsible decision” on oil production at its meeting in Vienna next week, Chief Economist Fatih Birol said.
Demand remains strong, driven by China and the Middle East, crude stockpiles in Organization for Economic Cooperation and Development countries are coming to “low levels” and high oil prices are risky for the global economy, he said today in Warsaw. “There’s disappointing news from non-OPEC producing countries,” he said, without giving more details………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

The Organization of Petroleum Exporting Countries is ready to help in case of a shortage or crisis in the global oil market and the Paris-based International Energy Agency, or IEA, has the sovereign right to release emergency crude stocks if needed, the cartel’s secretary general said Wednesday.
Abdallah Salem El Badri, at a conference in Doha, said this year had been a difficult year for the oil producing group but it remained committed to help “if there is a shortage, or a catastrophe somewhere.”……………………………………….Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Oil headed for the biggest weekly decline since September in New York as investors speculated that fuel demand will falter amid signs Europe is struggling to tame its sovereign debt crisis.
Futures were little changed after dropping the most in three weeks yesterday as European Central Bank President Mario Draghi signaled the ECB won’t increase government bond purchases to end the crisis. Saudi Arabia, the world’s biggest crude exporter, is in no rush to agree to a new OPEC quota at the group’s Dec. 14 meeting, Oil Minister Ali al-Naimi said………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Oil prices are forecast to remain at around $100 a barrel in 2012 as global demand from developing economies grows, offsetting a slowdown in the crisis-hit euro zone, industry figures and reports said.
A fast comeback of Libyan oil production levels is also helping ease anxiety despite concern over the impact of a possible EU embargo on Iran oil over its nuclear programme, and uncertainties over uprisings sweeping many Middle Eastern countries………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Gold. What a decade it has had. The seemingly unstoppable precious metal goes higher and higher year after year relative to fiat currencies. Whether you own it as a store of value or because you are hoping to expand your wealth in fiat currency, gold has worked.
For those investors comfortable enough with their asset allocation in gold to diversify their precious metals exposure, besides silver (SLV) and platinum (PPLT), the Market Vectors Gold Miners ETF (GDX), managed by Van Eck Global, is a popular alternative………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Many investors have used precious metals to hedge against weak monetary policies of central banks around the world. Other investors believe that you can’t go wrong with “black gold,” since the global demand for oil will eventually outstrip the available supply.
On these simple assessments, those who chose the PowerShares DB Precious Metals Fund have seen their selection rise 22% over the previous 12 months; those who selected the PowerShares DB Oil Fund have been rewarded with roughly 7% year-over-year………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Dollars and pesos cross the border between America and Mexico in greater numbers than ever. The $400 billion-worth of trade in 2010 made Mexico America’s biggest trading partner after China and Canada. Greenbacks are so common south of the frontier that in some neighbourhoods peso coins are known as cuoras, a mispronunciation of “quarters”.
Lately the relationship between the currencies has been rocky. Between July and November the peso fell by 19% against the dollar, hitting its lowest level since the 2009 financial crisis………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

ADS Securities, the leading Abu Dhabi-based Forex and Commodities Trading Platform, has seen a dramatic increase in the volume of GCC currencies traded within the region, according to the company’s chief dealer, Peter Laursen.
The main currencies, including the Saudi Riyal, Qatar Riyal, Bahrain Dinar and UAE Dirhams, are all pegged to the US dollar, but global market volatility means that it is now important for companies to trade and manage their currency position within the trading range of these pegged currencies………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

Policymakers wondering how a euro zone disintegration would play out could do worse than study one monetary union collapse that went well: the split of the Czech-Slovak currency union. The successful conversion of a federal currency into Czech and Slovak crowns on February 8, 1993, has become a model.
Although there were many differences between the Czechoslovak case and a potential euro zone breakup — not least the economic importance — it does bear some scrutiny………………………………………..Full Article: Source

Posted on 09 December 2011 by VRS |  Email |Print

China has taken great efforts to save energy and reduce carbon emissions. The 12th Five-Year Plan sets a goal for the country to reduce its carbon emissions by a further 17 percent on 2010’s emissions. And China has started carbon trading to achieve this.
A private-funded hydropower plant has been set up this year in Minhou County, Fujian Province. However, construction work alone has exhausted the plant’s funds. As hydropower is a form of clean energy, the company sold its carbon emission reductions to a Swedish company………………………………………..Full Article: Source

See more articles in the archive

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031