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Commodities Briefing - Archive | April, 2012

EA describes a “golden opportunity” for boosting green energy

Posted on 26 April 2012 by VRS  |  Email |Print

While progress is being made on renewable energy, most clean energy technologies are not being deployed quickly enough, the International Energy Agency (IEA) said today in an annual progress report presented to ministers and representatives of nations that together account for four-fifths of global energy demand.

The report, Tracking Clean Energy Progress, highlighted the rapid progress made in some renewable technologies, notably the solar panels easily installed by households and businesses (solar PV) and in onshore wind technologies. In fact, onshore wind has seen 27% average annual growth over the past decade, and solar PV has grown at 42%, albeit from a small base………………………………………..Full Article: Source

Is oil the new gold?

Posted on 26 April 2012 by VRS  |  Email |Print

Gold is not what it used to be. Does that mean oil is the next dollar hedge? We’ll find out soon enough. Let me show you something…
The dollar’s huge fluctuations over the past five years are scaring investors and governments alike. That’s why the interest in gold has shot up so fast in the past five years, and why gold prices have climbed just as quickly………………………………………..Full Article: Source

Gold to hit $7000/oz: Bank of America

Posted on 26 April 2012 by VRS  |  Email |Print

In one of the highest predictions yet made by an investment bank analyst, Bank of America’s MacNeil Curry sees gold prices hitting $7000/oz before ending the uptrend.

According to MacNeil, commodity bull markets end with a massive speculative blow off and they don’t end quietly. If gold was topping out, the daily ranges would have span around $200/oz and we have not seen anything like it………………………………………..Full Article: Source

Bullion dealers offer discounts to keep buying spree going

Posted on 26 April 2012 by VRS  |  Email |Print

After robust sales on the occasion of Akshaya Tritiya yesterday, bullion dealers cut gold and silver prices to below the cost of import, albeit marginally, at Zaveri Bazar here on Wednesday. The purpose was to lure customers, who generally abstain from fresh purchase, a day after festival buying.

While the discount in gold was a mere Rs 50 per 10g, the offer itself was sufficient to increase footfalls in retail stores. The discount in silver was in the range of Rs 400-500 a kg………………………………………..Full Article: Source

Gold still ’significantly under owned’: Sharps Pixley

Posted on 26 April 2012 by VRS  |  Email |Print

Ross Norman, CEO of Sharps Pixley, describes gold as “under-owned” and sees potential for another wave of retail investment demand on the horizon, particularly amid worries about an economic collapse in Europe and the future of the euro.

He points out that “tsunamis” of physical gold buying occurred in Europe and 2008 and 2010 during previous financial crises. “In the year that we commemorate the (100-yaer anniversary of the) loss of Titanic, it is worth reflecting the crucial role of lifeboats in a crisis,” Norman said………………………………………..Full Article: Source

Goldman Sachs gold ETF in India sees 11 fold surge in volume

Posted on 26 April 2012 by VRS  |  Email |Print

Gold’s London AM fix this morning was USD 1,641.25, EUR 1,241.49, and GBP 1,019.54 per ounce. Yesterday’s AM fix was USD 1,638.75, EUR 1,244.68and GBP 1,014.83 per ounce.
Silver is trading at $30.94/oz, €23.41/oz and £19.21/oz. Platinum is trading at $1,551.00/oz, palladium at $669.30/oz and rhodium at $1,350/oz.
Gold rose $3.00 or 0.18% in New York yesterday and closed at $1,641.20/oz. Gold traded sideways in Asia and then ticked higher in European trading prior to seeing some weakness………………………………………..Full Article: Source

Are bullion ETFs responsible for gold miners’ dismal performance?

Posted on 26 April 2012 by VRS  |  Email |Print

Gold bullion ETFs are in positive territory for 2012, however, the mining stocks have failed to keep pace. Some gold miners are blaming this problem on exchange traded funds, the investment tool that has allowed easy access to this area of the market.

“Although gold miners obviously depend on high gold prices, investing in mining stocks is a lot different from buying bullion, either directly or through bullion ETFs………………………………………..Full Article: Source

Do ETFs drive up the cost of commodities?

Posted on 26 April 2012 by VRS  |  Email |Print

For students of the investment markets, commodities are a fascinating subject. When the price of gold rockets to $1,900 per troy ounce, politicians and consumers don’t start the blame game and anybody holding the precious yellow metal rejoices.

When oil rises, something entirely different happens. There’s a collective mission to right the wrong. One report estimates that speculation in the energy markets may account for as much as $600 per year in extra energy costs for the average household………………………………………..Full Article: Source

German commodity group plans 1 bln euro fund

Posted on 26 April 2012 by VRS  |  Email |Print

An alliance of German companies set up to secure raw materials supplies, is planning to launch a fund to attract up to 1 billion euros ($1.3 billion) to invest in commodity projects, its director was quoted as saying in a German newspaper.

The alliance, which aims initially to invest in exploration for rare-earth metals, wants to create the fund because long-term projects such as these are sometimes only able to attract bank finance in later stages, alliance director Dierk Paskert told Wednesday’s Financial Times Deutschland………………………………………..Full Article: Source

Jim Rogers: Lots of growth left for agriculture investors

Posted on 25 April 2012 by VRS  |  Email |Print

Jim Rogers Agricultural prices have been rallying for several years now, but Jim Rogers thinks there’s still room to grow. The commodities investor said on Tuesday that he is still bullish on agriculture, calling it a great place for investors to be for the next two decades.

Prices of agricultural commodities are still relatively cheap compared to those of metals and energy, and the world is scrambling for arable farmlands to feed a growing population, Mr. Rogers told a packed audience at the Global AgInvesting conference, at the Waldorf-Astoria Hotel in New York………………………………………..Full Article: Source

A primer for investing in commodities

Posted on 25 April 2012 by VRS  |  Email |Print

Alan McKnightInvesting in commodities is a popular way to diversify your portfolio because they can hedge against inflation. However, some experts warn that commodities can be volatile and therefore require scrutiny. Here is a brief guide to investing in commodities.
What are commodities?
Commodities are raw materials that are traded on exchanges. They are classified into three types — energy, metals and agricultural products — though they may also include products like stock indexes and foreign currencies………………………………………..Full Article: Source

Impact of commodities rules limited

Posted on 25 April 2012 by VRS  |  Email |Print

Efforts to increase regulation of physical trade in commodities such as oil are unlikely to have a big impact on business in this traditionally opaque sector and would be hard to implement, top trading house executives said on Tuesday.

Regulatory initiatives on commodities trading have mostly focused on futures and derivatives, but non-governmental organisations are also calling for stricter rules on disclosure for physical commodities deals………………………………………..Full Article: Source

Commodities not your run-of-the-mill hedge: Highbridge PM

Posted on 25 April 2012 by VRS  |  Email |Print

Still on the fence about commodities? Mark Nodelman, a portfolio manager who leads the commodities investing team at Highbridge Capital Management LLC, a $25 billion asset management firm, said there are a number of reasons to invest in raw materials. At the top of the list: diversification, inflation protection and exposure to emerging economies
He said that commodities function as a portfolio diversifier, noting: “Historically, commodities have had very unstable correlation to broader asset classes, from negative to positive.” He added: “In a major economic or political event, commodities may respond differently than your overall portfolio.”……………………………………….Full Article: Source

Venezuela opposes increase in OPEC output target

Posted on 25 April 2012 by VRS  |  Email |Print

Venezuela’s energy minister said on Tuesday that OPEC should not raise production targets when it meets in June.

“We are against it, I think there is plenty of oil available in the market,” the minister, Rafael Ramirez, said through an interpreter during a visit to Tokyo, when asked whether he was in favor of increasing targets………………………………………..Full Article: Source

U.S. oil production can destroy OPEC

Posted on 25 April 2012 by VRS  |  Email |Print

University of Maryland business professor Rafael Corredoira’s claim that higher domestic oil production won’t affect prices is flat wrong (”More domestic production won’t lower gas prices,” April 20).

The only way that a cartel, such as OPEC, can exist is if it controls a large enough proportion of production of the product, in this case, oil. If another large supplier enters the market, OPEC must reduce its output to maintain the world price, which means that the revenue to the OPEC members will decrease. Many of the smaller members of OPEC are extremely dependent on income from oil and cannot tolerate a long term reduction in their revenue from oil………………………………………..Full Article: Source

Global crude oil prices: Why volatility is likely to endure

Posted on 25 April 2012 by VRS  |  Email |Print

Crude oil, albeit in decreasing proportions, will likely remain significant in the global energy utilization mix for the next few years. The impact of the commodity’s price on the global economy is therefore palpable. The issue of peak oil is resurgent and there are current concerns - even if somewhat mitigated - about an oil price shock.

Speculations were also rife in 2009 - amid the global economic decline - about an imminent crude oil price shock. The argument then was that the extant, low-price regimes constituted a disincentive to upstream capital expenditure (capex) and that when the global economy began to rebound, oil demand growth would vastly outstrip supply capacity………………………………………..Full Article: Source

Governments failing to avert catastrophic climate change, IEA urges

Posted on 25 April 2012 by VRS  |  Email |Print

Ministers attending clean energy summit in London to be gravely warned about continuing global addiction to fossil fuels.
Governments are falling badly behind on low-carbon energy, putting carbon reduction targets out of reach and pushing the world to the brink of catastrophic climate change, the world’s leading independent energy authority will warn on Wednesday………………………………………..Full Article: Source

What are the key themes in gold?

Posted on 25 April 2012 by VRS  |  Email |Print

The World Gold Council, the global authority on gold and its uses, recently released its overview of the first quarter of 2012. While there are many factors affecting gold these days, the report breaks down three key themes for gold that took place in the first quarter.

It was a challenging quarter for gold due to a pullback in March, but gold prices still finished 8.6% higher to reach $1,662.50 by the end of the quarter. Furthermore, gold continues to perform well against all fiat currencies………………………………………..Full Article: Source

Twelve countries increase their gold reserves in March - some significantly

Posted on 25 April 2012 by VRS  |  Email |Print

According to the latest IMF statistics at least 12 countries are known to have increased their gold reserves in March indicating the continuation of a trend now going back more than two years, and one which has been on its own a substantial supporter of the higher gold prices seen over the period.
Overall Central Banks appear to have purchased no less than 58 tonnes in the month, which could suggest an acceleration in their increases in holdings if buying at this rate continues throughout the year. While the majority of these countries only raised their reserves by a very small amount, there were indeed some quite significant purchases - notably from Mexico, which increased its holdings by 16.81 tonnes to a total of 122.58 tonnes……………………………………….Full Article: Source

Buy, buy, buy? Gold price slumps

Posted on 25 April 2012 by VRS  |  Email |Print

Spot gold prices fell almost 1 per cent to $1,623.70 per ounce at 16.20 UAE time (12.20 GMT) this evening even as traders remain concerned over fresh debt tensions in the Eurozone and lackluster trading a day before the Indian gold buying festival Akshaya Tritiya.

According to Dubai Gold and Jewellery Group’s morning rates, gold is currently at a two-week low. While 24ct gold is being retailed at Dh196.50 per gm, 22ct gold is going for Dh184.75/gm and 18ct gold is available at Dh150.75 per gm in Dubai, the city of gold………………………………………..Full Article: Source

Gold: 2012 is the year to accumulate Gold

Posted on 25 April 2012 by VRS  |  Email |Print

Many forces influence the gold markets today, sometimes producing confusing indicators of what may lie ahead. In this exclusive interview with The Gold Report, John LaForge, commodity strategist at Ned Davis Research Inc., talks about the numerous and sometimes not-so-obvious factors that he considers in his research and how they influence the gold markets and, ultimately, mining shares.

As long as there is no significant improvement in the world monetary situation and real interest rates don’t rise dramatically, he believes the gold price trend remains positive and gold stocks should shine brighter………………………………………..Full Article: Source

Central bank buying helps explain why Gold hold above $1,600 in March: UBS

Posted on 25 April 2012 by VRS  |  Email |Print

The most recent data show that central banks were on a “gold-buying spree” in March, helping explain why prices stopped just above $1,600 an ounce during a pullback, said UBS in a commodity briefing.

Bloomberg reports that data on the International Monetary Fund’s Web site show that Mexico with 16.8 metric tons last month, while Russia added 16.5 tons. Turkey, Kazakhstan, Ukraine, Tajikistan and Belarus also raised gold reserves, Bloomberg reports………………………………………..Full Article: Source

Are bullion ETFs responsible for gold miners’ dismal performance?

Posted on 25 April 2012 by VRS  |  Email |Print

Gold bullion ETFs are in positive territory for 2012, however, the mining stocks have failed to keep pace. Some gold miners are blaming this problem on exchange traded funds, the investment tool that has allowed easy access to this area of the market.

“Although gold miners obviously depend on high gold prices, investing in mining stocks is a lot different from buying bullion, either directly or through bullion ETFs. For miners to shine, they have to demonstrate not only that high gold prices will create profits but also that they’ll do everything they can to operate efficiently and maximize profits. If that happens, then mining companies won’t have to worry about attracting capital — investors will flood them with it,” Dan Caplinger wrote on The Motley Fool………………………………………..Full Article: Source

Hedge funds have significantly outperformed equities, bonds and commodities over the past 17 years

Posted on 25 April 2012 by VRS  |  Email |Print

Hedge funds significantly outperformed traditional asset classes such as equities, bonds and commodities over the last 17 years according to a new study by The Centre for Hedge Fund Research at Imperial College in London.

The research, commissioned by KPMG, the international audit, tax and advisory firm, and the Alternative Investment Management Association (AIMA), the global hedge fund association, is the most comprehensive of its kind to date………………………………………..Full Article: Source

LME approves BOCI as first Chinese member

Posted on 25 April 2012 by VRS  |  Email |Print

The London Metal Exchange has approved the membership application of BOCI Global Commodities, the LME’s first Chinese member, assistant Company Secretary Marcos Castro said Tuesday.
BOCI Global Commodities, a U.K.-based unit of the Bank of China, has been accepted as a category two member after submitting an application to join the world’s largest metals trading exchange last year, the LME said. Associate broker clearing members have the same rights as category one members–including telephone and electronic trading–except that they can’t trade in the exchange’s ring, Europe’s last open outcry trading floor………………………………………..Full Article: Source

The NASDAQ Commodity Index Family goes live

Posted on 25 April 2012 by VRS  |  Email |Print

The NASDAQ OMX Group, Inc. announced the launch of the NASDAQ Commodity Index Family, a broad and diverse representation of the commodities markets that provides investors with exposure across all major commodity sectors. The commodity index family is available in five distinct roll versions to offer investors different investment strategies.

The NASDAQ Commodity Index Family is the latest offering from The NASDAQ OMX Global Index Group, a premier full-service index provider. The index family consists of the primary benchmark — the NASDAQ Commodity Benchmark Index (NQCI) — a liquidity-based tradable index, as well as 10 sector and 33 single indexes. The five main sectors covered by the NASDAQ Commodity Index family are energy, industrial metals, precious metals, agriculture and livestock.(Press Release)

Sterling hits 2-1/2 year high against currency basket

Posted on 25 April 2012 by VRS  |  Email |Print

Sterling climbed to its highest in two-and-a-half years against a trade-weighted basket of currencies on Tuesday, lifted by its robust performance against the euro and the dollar as it remained a popular alternative to a troubled euro zone.

The pound hit a 20-month high against the euro and a near six-month peak against the dollar, extending its recent gains made on data showing an improvement in the UK economy and as investors price out the likelihood of more quantitative easing by the Bank of England………………………………………..Full Article: Source

China’s carbon trading trial could be a blueprint for the future

Posted on 25 April 2012 by VRS  |  Email |Print

A domestic cap-and-trade system could more effectively curb emissions than command-and-control, a new report from SEI and FORES shows, but the process is still in its infancy, and international expertise is sorely needed.

Following the launch of a new seven-site pilot test that may determine the future of carbon trading in China, observers have highlighted the country’s new interest in market-based approaches to reducing the energy- and carbon-intensity of its economy………………………………………..Full Article: Source

Commodities slide creates a buying opportunity

Posted on 24 April 2012 by VRS  |  Email |Print

Neal SossInvestors have lost their appetite for commodities, as they fear a rerun of last year’s market rout. But this may prove to be an opportunity to buy in cheap.
After an upbeat start to 2011, economic data worsened and then the eurozone debt crisis exploded, making investors risk averse. This resulted in a plunge in “risk on” assets such as commodities. Fears are mounting that 2012 will see the same pattern repeated………………………………………..Full Article: Source

QIA planning to invest $30bln in commodities

Posted on 24 April 2012 by VRS  |  Email |Print

Hussain Al AbdullaQatar Investment Authority (QIA), the Gulf state’s aggressive sovereign wealth fund, has more than $30 billion to spend on investments this year and sees commodities as a key target, a senior executive of the fund said.
“We like commodities, we like to invest in commodities. Since 2002, the commodity price trend keeps going up,” Hussain Al Abdulla, QIA’s executive board member said. “Also, because of the financial crisis, people are not investing enough in commodities. Maybe in 2016 and 2017 that might create a gap between supply and demand that might push the price even higher up.”……………………………………….Full Article: Source

Speculators ‘increasingly sceptical’ over ags

Posted on 24 April 2012 by VRS  |  Email |Print

Speculators are becoming “increasingly sceptical” over agricultural commodities, analysts warned after regulatory data showed a collapse in bets on rising sugar prices, and a net short position in US hard red winter wheat for the first time on record.
“Net long positions were sharply reduced, or net short positions were significantly expanded, in almost all [agricultural] markets,” Commerzbank analysts said………………………………………..Full Article: Source

Ernst & Young forecasts $120 per barrel oil by summer

Posted on 24 April 2012 by VRS  |  Email |Print

Global oil supply may be outpacing demand, but Ernst & Young is projecting oil prices will remain high through June. Increased U.S. oil production from shale is keeping pressure on OPEC members to limit crude output.
Even if it threw open the spigot, OPEC has little spare capacity. Add in the potential for supply interruptions from Iran and smaller sources. The result, Ernst & Young says in its second quarter outlook, is oil prices in the range of a $120 per barrel………………………………………..Full Article: Source

Commodity traders are ‘driving oil prices up’

Posted on 24 April 2012 by VRS  |  Email |Print

A senior official from the UN Conference on Trade and Development (Unctad) has said that Unctad is in the process of quantifying the effects of finacialisation and speculation in commodity markets, as Unctad research has found a direct correlation between these elements.
Heiner Flassbeck, director of the division on globalisation and development strategies, Unctad, said: “If you have the kind of cross-market correlations that we find over a very long period of time, and they are absolutely stable, then you cannot argue anymore that the commodity prices are driven by supply and demand………………………………………..Full Article: Source

Speculation in oil markets? What have we learned?

Posted on 24 April 2012 by VRS  |  Email |Print

A popular view is that the unprecedented surge in the spot price of oil during 2003–08 cannot be explained by changes in economic fundamentals, but was driven by the increased financialisation of oil futures markets.
It is well documented that, starting in 2003, there was an influx of financial investors such as index funds into oil futures markets. At about the same time, both spot and futures prices of crude oil began to surge, soon reaching unprecedented levels and peaking at a record high in mid-2008……………………………………….Full Article: Source

OPEC oil prices continue to decline

Posted on 24 April 2012 by VRS  |  Email |Print

The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) fell further last week to 116.34 U.S. dollars a barrel, the Vienna-based cartel said Monday. OPEC oil prices have now declined for five consecutive weeks. Over the last two weeks, prices have fallen by 2.84 and 2.74 dollars respectively.
Since April this year, international crude oil prices have fallen with fluctuations. One of the major reasons behind this is weak demand and a relatively high supply………………………………………..Full Article: Source

Should the US Join OPEC?

Posted on 24 April 2012 by VRS  |  Email |Print

It’s not entirely a serious proposition — yet. But the point is the global market for hydrocarbons is undergoing a fundamental change, and whether you are a major energy consumer or not, the impact will be felt throughout the manufacturing landscape.
In the short term, it is difficult to see how prices can go any way but up. As the Economist Intelligence Unit wrote last week, the price for dated Brent Blend averaged US $125.50 per barrel in March, up from US $119.70 per barrel in February and just US$107.90 per barrel in December 2011………………………………………..Full Article: Source

Should we return to the gold standard?

Posted on 24 April 2012 by VRS  |  Email |Print

Talking about the monetary system these days requires using unimaginably large numbers, such as $1 trillion, the total U.S. currency in circulation, and $10.9 trillion, the U.S. government debt held by the public.
The growing U.S. debt — $15.6 trillion, if you throw in Social Security and Medicare — is one reason people fear inflation and think that the monetary system is out of control. “Never in history have we run debts and deficits to this magnitude,” says Lance Roberts, chief economist at StreetTalk Advisors. “We’ve never been here before.”……………………………………….Full Article: Source

Europe and Asia-Pacific markets get ETFs off to strong start in 2012

Posted on 24 April 2012 by VRS  |  Email |Print

S&P Indices saw a sharp rise in its ETF licensing activity during the first quarter of 2012, with 41 ETFs based on its indices launched globally during the period.
The 41 launches represent more than half of the total number of S&P index-based ETFs launched for all of 2011. S&P Indices attributes the growth in ETF issuance to a maturing European and Asia-Pacific ETF market………………………………………..Full Article: Source

ETF industry plans new trade association

Posted on 24 April 2012 by VRS  |  Email |Print

A number of exchange-traded fund companies are creating a trade association to provide education about the growing $1.2 trillion industry, the group said on Monday.

Executives from the majority of U.S.-based ETF fund companies have agreed to join the National Exchange Traded Fund Association, or NETFA, which will announce its members in coming weeks, said Adam Patti, the association’s vice chairman………………………………………..Full Article: Source

Behind the exchange-traded label

Posted on 24 April 2012 by VRS  |  Email |Print

Investors in products bearing the exchange-traded label almost invariably assume they have invested in funds regulated under European Ucits rules. In fact, the position is far from clear-cut. Whereas exchange-traded funds are listed funds with regulated exposures, exchange-traded notes and exchange-traded commodities lack either of these characteristics.
The most common ETN and ETC exposures are wrapped into a debt security, whose value is linked to the performance of designated investments………………………………………..Full Article: Source

Investors eye primary market after success of MCX initial public offering

Posted on 24 April 2012 by VRS  |  Email |Print

The 20 per cent rise in the Sensex between 30 December 2011 and 22 February 2012, and the success of Multi Commodity Exchange’s (MCX’s) initial public offer , or IPO, in February have given hope to investors that the primary market-where companies sell new shares-may be set for a revival.
Last year, only 40 companies, that too mostly small and medium, had floated IPOs , as the Sensex went on a free fall………………………………………..Full Article: Source

Smaller managed futures funds tempt investors

Posted on 24 April 2012 by VRS  |  Email |Print

Smaller managed futures funds able to exploit niche commodity markets and the most volatile conditions are increasingly likely to win assets from investors disappointed with returns from the big trend-followers that dominate the industry.
Managed futures, or commodity trading advisers (CTAs), attracted a wave of assets in 2009 after performing well during the 2008 financial crisis………………………………………..Full Article: Source

Can new local currencies solve the crisis?

Posted on 24 April 2012 by VRS  |  Email |Print

The financial crisis that started in 2007 will leave a lasting impact on the global economy. Government debt levels throughout the developed world will be higher than they would otherwise have been, as authorities stepped in to shore up failing economies.
The overall level of national income will probably be permanently lower in some countries – billions of pounds of income lost forever, never to be recovered. But the crisis could also have an impact in some rather unexpected ways. One of these is the rise in ‘local’ currencies………………………………………..Full Article: Source

Carbon trading: Why ‘good’ companies embrace ‘bad’ credits

Posted on 24 April 2012 by VRS  |  Email |Print

When it comes to Europe’s carbon-trading system, top companies like Dow Chemical, ConocoPhillips, and BP prefer to save a little money than hone their ‘green’ reputation.
Europe’s carbon trading system was supposed to reduce greenhouse-gas emissions. But at least one of its methods for doing so may actually have increased those emissions………………………………………..Full Article: Source

Australia flags Asia-Pacific carbon trading market

Posted on 24 April 2012 by VRS  |  Email |Print

Australia’s Climate Change Minister, Greg Combet, has flagged the possibility of a common carbon trading market in the Asia-Pacific.
Mr Combet made the comments during a visit to China, which is testing an emissions trading scheme in two cities and five provinces, with plans to establish a national scheme after 2015………………………………………..Full Article: Source

Seven questions about global markets

Posted on 24 April 2012 by VRS  |  Email |Print

Why has neither Greece nor Germany left EMU, yet? Or even, why did they ever get in? The crisis has revealed the cost of giving up one’s currency. Resolution requires massive deflation in the periphery and massive funding from the core.
The reason countries joined into EMU and have not (yet) left is that monetary union was planned as the first step towards a political union –– a US of E………………………………………..Full Article: Source

Chinese bear set to turn into a commodities bull run

Posted on 23 April 2012 by VRS  |  Email |Print

Commodities have been sinking like stones since late February, an unusual divergence from the rallying stock markets. This relentless weakness has wreaked havoc on commodities sentiment, leading traders to abandon commodities stocks.
As we all try to make sense of this surreal bloodbath, one catalyst keeps coming up. Western perceptions of the Chinese economy have been a real drag on commodities………………………………………..Full Article: Source

China economy dragging commodities lower

Posted on 23 April 2012 by VRS  |  Email |Print

Commodities have been sinking like stones since late February, an unusual divergence from the rallying stock markets. This relentless weakness has wreaked havoc on commodities sentiment, leading traders to abandon commodities stocks. As we all try to make sense of this surreal bloodbath, one catalyst keeps coming up. Western perceptions of the Chinese economy have been a real drag on commodities.
China is indeed one of the major drivers of this past decade’s secular commodities bulls. As the world’s most-populous country, it has over 1.3b people who collectively consume vast amounts of resources………………………………………..Full Article: Source

India: Markets gear up for Akshaya Tritiya

Posted on 23 April 2012 by VRS  |  Email |Print

With an aim to cash in on the investor demand for gold on auspicious occasion of Akshaya Tritiya (Hindu auspicious day), the markets have lined up extended trading hours and special incentives for trade in the yellow metal on Tuesday.
Both the leading stock exchanges, BSE and NSE, would allow trading till 8 pm in gold ETFs (Exchange Traded Funds), which allow buy and sale of the yellow metal in paperless electronic format, on Akshaya Tritiya day on 24 April………………………………………..Full Article: Source

Europe: Consumers ‘to be hit hardest’ by latest commodity proposals

Posted on 23 April 2012 by VRS  |  Email |Print

Commodity consumers and end-users are set to pay the price for revised commodity rules outlined by the European Commission last month, traders and lobby groups have warned. The caution comes as the latest instalment of the growing row over how commodities trading is regulated.
In March, centre-right German politician and author of the European Parliament’s version of the markets in financial instruments II text, Markus Ferber proposed amendments to the sweeping piece of reform hardening the text’s approach to supervising commodity trading………………………………………..Full Article: Source

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