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Commodities Briefing 20.Jan 2010

Posted on 20 January 2010 by VRS |  Email |Print

From Theglobeandmail.com: This may turn out to be the year of the commodity fund. Burnt by the financial crisis of the last two years, money managers are now raising sharply the amount of money allocated to raw materials such as oil, gold, copper, sugar and coffee.

The value of commodity funds looks set to grow by a third this year, or by as much as $100-billion (U.S.), as money managers seek better returns, hedges against inflation and diversification away from traditional investments in stock markets or bonds………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Forexyard.com: Investment in commodities has grown rapidly over the last five years as large and small investors look to reap the benefits of volatile prices for raw materials while diversifying portfolios away from stocks and bonds.

In 2010, the value of commodity funds looks set to grow by as much as a third, or up to $100 billion, as money managers seek better returns, hedges against inflation and diversification………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Commodityonline.com: In the recent years, commodities as an asset class have received a lot of attention from the investor community. Many investors are now turning towards commodities as because they are disappointed with the return on other assets. The Reuters/Jefferies CRB Index, an index that tracks a basket of commodities nearly doubled in the last decade.

Prices of gold are touching an all time historical high of $1200 per troy ounce. During the last decade, oil, gold and copper hit an all time historical high………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Reuters: Funds will increase allocations to commodities in 2010 as institutional investors become more comfortable with the asset class and as fears over inflation rise, an Oppenheimer fund manager said.

“Institutional investors and their consultants have definitely come to the conclusion over the last five to six years that commodities have a role in a multi-asset class portfolio,” Kevin Baum, manager of Oppenheimer’s Commodities Strategy Total Return Fund, told Reuters by telephone………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Cnbc.com: Australia’s BHP Billiton gave its most upbeat outlook for commodities markets as surging Chinese demand led to a big jump in iron ore shipments.

The miner posted record quarterly iron ore production on Wednesday and said it is selling more of the key steelmaking input under short term reference pricing………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Miningmx.com: UK broking firm Fairfax IS (Fairfax) has raised a number of its commodity price forecasts for 2010 and, in particular, has called platinum and copper sharply higher.

This follows an earlier report put out by the firm at the end of December, in which Fairfax turned heavily bullish on mining equities………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Channelnewsasia.com: The OPEC oil producers’ cartel left unchanged its forecast for modest growth in world oil demand this year, but warned that prices are likely to remain volatile in the coming months.

“World oil demand in 2010 is forecast to grow by 0.8 million barrels per day (bpd) to average 85.1 million bpd, representing no major change from last month,” the Organization of Petroleum Exporting Countries said in its January report………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Petroleumworld.com: The Organization of Petroleum Exporting Countries won’t need to raise oil production this year as its output of natural gas liquids increases, the International Energy Agency’s deputy executive director said.

“We don’t see a big change in OPEC production this year,” Richard Jones said in an interview late yesterday in Abu Dhabi. “First, non-OPEC production is going to go up, modestly. But the big difference is that OPEC’s production of natural gas liquids increases, by 800,000 barrels a day.”……………………………..Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Forbes: BofA Merrill Lynch equity analysts are bullish on energy for the full year despite the current lull in oil prices. After lagging last year, energy will surge this year as global oil demand rises to rival 2008 levels fueled by emerging economies and a recovery in mature economies, according to a BofA Merrill Lynch Global Research report released Tuesday.

The analysts prefer oil and oil service companies over natural gas based on their outlook for oil prices driven by global demand versus supply, noting that natural gas is primarily a regional U.S. market mired by oversupply………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Renewableenergyfocus.com: Wind energy could supply 12% of the world’s power by the middle of this century, up from the current 2%, according to a ‘Wind Energy Roadmap’ to be published soon by the International Energy Agency (IEA).

The largest adopter of wind energy will be China, where wind turbines will generate almost 2000 TWh a year by 2050, compared with virtually nothing now. OECD Europe will be second-largest regional market, at more than 1000 TWh/a from wind………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Nytimes.com: The United Arab Emirates’ ambitious Masdar “eco-city” is positioning itself to profit from a carbon-constrained global economy.
The desert city, slated for completion over the next decade, would generate electricity on site from the wind and sun and produce zero net greenhouse gas emissions. And in a new twist, Masdar also would generate cash by buying and selling carbon dioxide emissions globally………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Goldseek.com: Although it is true that both gold and silver have been subjected to the grossest and most egregious manipulation of any commodity in history, I fully understand the necessity of these actions over the past 40 years.
No fiat monetary system could have survived this long without the secret computer price control mechanisms in place…especially in gold and silver as they ARE the only true competition to fiat money………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Resourceinvestor.com: Mexico’s ever-expanding gold mining industry is on-target for another banner year in 2010. In fact, output is expected to jump by an additional 880,000 ounces next year to nearly 2.5 million ounces, representing an approximately 50% increase over 2009’s projected figures (which have yet to be announced).

Much of the additional output will come from the ramping-up of production at the world-class gold/silver Penasquito mine in Zacatecas State………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Amm.com: Barclays Capital has increased its aluminum, copper, lead, tin and zinc forecasts for 2010 on a short-term positive outlook.

“We have made a number of significant upward adjustments to our base metals price forecasts to reflect the upside we see in the short term,” Barclays Capital analysts said in a daily note………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Commodityonline.com: There is an interesting thing happening in London Metal Exchange now. Even as the world is talking about gold always, the base metals are performing exceedingly well.

Take the case pf copper, despite copper inventories being at a six-year high and of aluminium inching towards 5 million tonnes, investors are still showing much interest in these metals………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Forexyard.com: Copper rose on Tuesday, as the market focused on expectations of stronger Chinese demand over coming months, but a rising dollar and high inventories capped gains.

Aluminium inventories jumped more than 40,000 tonnes but analysts said metal availability remained tight, with a majority of stocks tied up in financial deals, lifting premiums for physical material in Europe………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Thestreet.com: Whether you are trading stocks, exchange-traded funds or futures, technical analysis is the preferred choice for short-term traders. In short, technical analysis is the study of price and volume movements on charts. It can be used for studying charts in any time frame, whether you are a one-minute chartist or a long-term investor using monthly charts.
In my opinion, using technical analysis really opens the door for a trader to lower his overall risk when investing money. I always like to know whether the investments I am watching are trading near a critical price level (support or resistance)………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Dow Jones: Platinum and palladium futures rose sharply Tuesday, settling at their highest levels since July, boosted by demand from newly launched exchange-traded funds that are luring investors, but could be a headache for consumers of the physical metals.

Benchmark April platinum on the New York Mercantile Exchange rose $43.30, or 2.7%, to settle at $1,639.40 an ounce while most-active March palladium on the exchange gained $14.20, or 3.2%, to $461.95………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Northwestern.edu: A decade ago, Northwestern University professor Richard Sandor used a $350,000 grant to embark on a mission to explore the possibility of combating greenhouse gas emissions through a market-based solution.

Ten years later, Sandor’s brainchild, now known as Climate Exchange PLC, has a new rival. CME Group Inc., the world’s largest futures and options exchange launched Green Exchange Holdings Inc. last summer. The standalone emissions market boasts the most globally integrated marketplace for trading environmental products………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Dow Jones: A coalition of retail foreign currency dealers is gearing up to fight a new proposal from U.S. regulators that they say could destroy the retail foreign exchange market by forcing traders to provide more security against potential losses.

The Foreign Exchange Dealers Coalition released a letter late last week expressing opposition to a key part of a sweeping proposal by the U.S. Commodity Futures Trading Commission that would bring extensive oversight to the retail foreign currency market………………………………Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Dow Jones: Euro-zone countries should discuss currency issues and establish a common position to bring the global foreign-exchange market back to balance, because strict budget policies alone can’t boost the bloc’s competitiveness, French Finance Minister Christine Lagarde said Tuesday.

“The discussion on exchange rates, on the balance between currencies, must find its place within talks of competitiveness,” Lagarde told a press conference during an Ecofin meeting of European Union……………………………..Full Article: Source

Posted on 20 January 2010 by VRS |  Email |Print

The Association of British Travel Agents (ABTA) is predicting that Egypt and Turkey are going to be among the most popular holiday destinations for UK travellers in 2010.The travel trade body believes that the countries will be tempting to UK holidaymakers due to investment in luxury hotels, roads and airports.
The higher standards available at these destinations combined with lower costs and better foreign currency exchange rates could help UK holidaymakers get the most out of their travel money………………………………Full Press Release: Source

Posted on 20 January 2010 by VRS |  Email |Print

From Resourceinvestor.com: We’ve updated our popular Periodic Table of Commodity Returns, and the headline news should come as no surprise – 2009 was a complete turnaround for the sector’s 2008 performance.

Commodities (as measured by the Reuters-Jefferies CRB Index) rose 24 percent in 2009, the largest single-year increase since the early 1970s………………………………Full Article: Source

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