Fri, Apr 18, 2014
A A A
Welcome kbr175@gmail.com
RSS
Commodities Briefing 23.Oct 2012

Posted on 23 October 2012 by VRS |  Email |Print

Goldman Sachs Group Inc. has held preliminary internal discussions in recent years about splitting off its lucrative commodities-trading business, according to people briefed on the discussions.
The idea hasn’t gained traction and has been tabled, as the New York investment bank is waiting to see how the business fits into the final version of new regulations such as the Volcker rule, which is scheduled to be implemented in coming months. The final rule is expected to ban some types of trading and could hit commodities-trading revenue hard, these people said………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

Joining the likes of Jim Rogers and George Soros, PIMCO has now thrown its hat into the hard asset ring. As the economic outlook for the U.S. has continually grown more and more bleak, we have seen a number of investors and experts hop on the commodities train as the best way to protect yourself from coming inflation.
In PIMCO’s most recent economic outlook, the firm commented on the current state of the markets, the impact of QE3, and trends they see developing in the coming years, one of which was inflation………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

Asia will be the first to feel the impact of any Middle East oil supply disruption as regional demand surges, the International Energy Agency (IEA) said Monday. IEA Executive Director Maria van der Hoeven said in Singapore that most of the new oil demand in the next five years will come from Asia, the Middle East and former Soviet Union states.
“All this means a greater Asian dependence on the import of crude, often from regions considered politically risky,” she said………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

Opec is likely to find reaching a consensus difficult in talks this week on selecting its new secretary general, delegates to the producer group said, due to rivalry between Saudi Arabia and Iran over its top administrative post.
A panel of officials is meeting at the Vienna headquarters of the Organisation of the Petroleum Exporting Countries yesterday and today. Its role, say delegates, is to advise Opec oil ministers on who should succeed Secretary General Abdullah al-Badri, whose term ends in December………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

Short of stockpiling bullion in your basement, an ETF is the most cost-effective vehicle for owning gold. But you cannot just pick any fund out of the available list of seven bullion-based funds and expect it to perfectly track the price of gold and offer the lowest expense ratio.
First of all, no exchange-traded fund will track the price of gold perfectly because returns are offset by costs — management fees and brokerage costs to buy them. Gold ETFs vary in fees, with the average annual expense ratio for the category at 0.54 percent, although you can find a fund charging as low as 0.25 percent………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

Wars have been fought over gold. Love has been expressed by it. Gold has changed the landscape of civilizations and the world. But what makes gold so great?
This infographic examines the history of gold from ancient history to the gold rushes of the centuries ago. It looks at its properties and how it became not only a currency, but the gold standard………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

HSBC remains bullish on gold, forecasting the gold rally will last into next year, “supported by solid investor demand and high commodity prices.”
While HSBC lowered its 2012 average forecast to US$1,700 per ounce “in light of price weakness earlier this year,” HSBC analysts James Steel and Howard Wen raised average price forecasts for 2013 and 2014 to $1,850/oz and $1,775/oz, respectively. HSBC forecasts a gold price range of $1,550 to $2,000/oz in 2013………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

US gold futures fell to $1722 per ounce last week to a six week low but has climbed on Monday to $1725 in electronic trading. Barclays Research remains firmly bullish on gold. Gold prices sliped on profit taking amid stronger dollar and reduction in risk appetite with equity markets also weakening, Barclays said.
Speculative positions have fallen to a four-week low and although physically backed ETP holdings have eased from record highs, overall metal held in trust remains close to its recently attained peak………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

After QE1 and QE2, gold prices rallied for up to 50 trading days and by around 15%. If it repeated today, this would imply gold prices rising to $1,900/oz by the end of October, said Deutsche Bank, the Germany’s largest bank, in a weekly commodities report.
Global gold prices ended lower for the second week in a row. The most-active December gold contract on the Comex division of the New York Mercantile Exchange settled at $1,724 an ounce, down 2% on the week………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

Both base metals and bullion plunged today, amid concern at the lack of macro initiatives by the governments of the slowing economies of the European Union and China.
While silver hit a six-week low, other metals recorded up to a two per cent dip in early evening trade in London, on news of hedge funds going short on metals. Concerns about the lack of progress on a Spanish bailout dampened risk appetite, helping send commodity markets lower and lending support to the dollar………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

Exchange-traded funds have transformed investing over the past two decades. The big question now is: What’s next? January will mark the 20th anniversary of the first ETF in the U.S., now called the SPDR S&P 500, whose assets stood at 9% of all U.S. ETF assets on Oct. 18. Individual investors and financial advisers have come to embrace ETFs for their low fees and the ease with which the funds, by tracking indexes, can pinpoint particular trends, styles or risks.
All told, exchange-traded products, which include exchange-traded funds, notes, commodities and currencies, comprise some $1.3 trillion in assets and 1,436 funds and related products. And money continues to pour into ETFs—net new cash is currently on pace for more than $100 billion for the sixth year in a row………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

The euro rose Monday after a local Spanish election saw Prime Minister Mariano Rajoy’s party hang on to power in his home region of Galicia. The Japanese yen lost ground after data showed a widening trade gap, blunting the decline in the U.S. dollar against a basket of currencies.
The euro rose to as high as $1.3083, then lately traded at $1.3047, up from $1.3026. It also jumped 0.8% versus the yen and 0.3% against the British pound………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

It’s election season in America, which means that China is in the rhetorical crosshairs. Both President Obama and Mitt Romney have been complaining about Chinese economic misbehaviour, but Mr Romney has attacked Mr Obama especially viciously on the subject of currency manipulation and the administration’s failure to label China a manipulator and slap it with tariffs.
In 2010 an undervalued renminbi was a significant drag on advanced economies, including the United States. Since then, however, two big things have happened: relatively high inflation in China, and some appreciation of the renminbi against the dollar. As a result, the real exchange rate of China against the United States (based on consumer prices), has appreciated significantly………………………………………….Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

A climate change organization on Monday suggested Chinese policymakers establish a national regulatory commission for the country’s fledging carbon market, noting that current plans call for setting up a national market within the decade.
To drum up the financing needed to contend with climate change, seven emissions trading systems are being tested out in China. The National Development and Reform Commission, China’s top economic planner, is now in charge of the systems, but an independent national regulatory commission will be needed when the market becomes more developed, said Wu Changhua, the Greater China director of the Climate Group, a non-governmental organization………………………………………..Full Article: Source

Posted on 23 October 2012 by VRS |  Email |Print

The Ministry of Transport is considering piloting carbon trading or a carbon tax in the domestic shipping business, the Economic Information Daily reported on Monday. The ministry has researched different market measures to cut carbon emission in China’s shipping business, and either carbon trading or a carbon tax may be adopted.
The final plan has yet to be drawn up, but the measures are likely to include slowing down the speed of ships………………………………………..Full Article: Source

See more articles in the archive

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930