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Keyword: commodities

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  • Crossing Borders with Gold and Silver Coins - a Glimpse of Things to Come

    09/13/2015 8:46:23 AM PDT · by Rockitz · 49 replies ^ | September 2015 | Doug Casey
    It’s well-known that you have to make a declaration if you physically transport $10,000 or more in cash or monetary instruments in or out of the US, or almost any other country; governments collude on these things, often informally. Gold has always been in something of a twilight zone in that regard. It’s no longer officially considered money. So it’s usually regarded as just a commodity, like copper, lead, or zinc, for these purposes. The one-ounce Canadian Maple Leaf and US Eagle both say they’re worth $50 of currency. But I’ve recently had some disturbing experiences crossing borders with coins....
  • GOLDMAN: Oil Is On The Verge Of Plunging To $20

    09/11/2015 6:15:39 AM PDT · by blam · 37 replies
    BI ^ | 9-11-2015 | Mike Bird
    Mike BirdSeptember 11, 2015Oil prices have been on a roller-coaster ride over the past year. West Texas Intermediate (WTI) oil tumbled late in 2014 from over $100 (£64.78) a barrel to just around $45 a barrel early this year. After a recovery back to around $60 a barrel during the early summer, prices have gone through the floor again, down to $45.12 on Friday. But oil could go even lower.The price of a barrel of oil could go to just $20 soon, according to Goldman Sachs analysts led by global commodities research chief Jeffrey Currie. There's a huge surplus of...
  • Something Just Snapped At The Comex

    09/09/2015 10:12:22 AM PDT · by blam · 24 replies
    Zero Hedge ^ | 9-9-2015 | Tyler Durden
    Tyler Durden 09/09/2015 Just over one month ago, when looking at the latest changes in registered gold held at the Comex ,we were stunned not only by the collapse in this series to a record low of just over 350k ounces or barely over 10 tons, but also by the surge in "gold coverage", or the amount of paper gold claims on physical gold, which exploded to a record high 124 per ounce. This is what we said on August 3: While on its own, gold open interest - which merely represents the total potential claims on gold if exercised...
  • Chinese Medicine Not Impressing Dr Copper

    08/27/2015 10:57:54 AM PDT · by blam · 4 replies
    Market Oracle ^ | 8-27-2015 | Dan_Norcini
    August 27, 2015 Dan_Norcini Dr. Copper apparently does not approve of the prescription ordered by the Chinese authorities to stem the slowdown in that nation, namely another 25 basis point interest rate reduction and a lowering of bank reserve requirements. The red metal cannot sustain any upside action for long before sellers emerge to whack it again. This is number one of my THREE BIG C’s, Copper, Crude oil and Cotton. So what exactly are the other two C’s telling us? (snip)
  • Silver Is Soaring

    08/27/2015 10:11:30 AM PDT · by blam · 16 replies
    Zero Hedge ^ | 8-27-2015 | Tyler Durden
    Tyler Durden 08/27/2015 Shortly before 10amET, amid USD strength, futures prices for Copper, Crude, and Silver suddenly started spiking higher...(snip)
  • The sand and the fury

    08/24/2015 11:17:33 AM PDT · by Lorianne · 6 replies
    Wired UK ^ | 03 February 2015 | Vince Beiser
    Civilisation is built on sand – literally. It's been a critical component of construction and progress since ancient times. In the 15th century an Italian artisan figured out how to turn it into the transparent glass that made it possible to make the microscopes, telescopes and other technologies that helped drive the Renaissance's scientific revolution. Sand is an essential ingredient in detergents, cosmetics, toothpaste, solar panels, windows, silicon chips and buildings; every concrete structure around the world is basically sand and gravel glued together with cement. Apart from water and air, humble sand is the natural resource most consumed by...
  • Commodity Markets Are Full Of 'Doom And Gloom'

    08/24/2015 10:50:58 AM PDT · by blam · 5 replies
    Matt Smith August 24, 2015 One hundred and eleven years after the birth of Count Basie, and the ongoing rout in the crude complex is in full swing today. Downhill one-way traffic continues amid headlines such as ‘No End in Sight for Oil Glut‘ and ‘Oil Poised for Longest Weekly Losing Streak Since 1986 Amid Glut‘. As the headlines get more apocalyptic, and the price projections get lower (this week: $15 oil, no, $10 oil), the more it feels like we are approaching a turning point. Or at least a whipsaw. Looking at the overnight data releases, China has served...
  • ‘Black Monday’ on Chinese stock market as shares plummet by more than 8% ...

    08/24/2015 5:06:25 AM PDT · by TigerClaws · 41 replies
    ‘Markets are panicking,’ said Takako Masai, the head of research at Shinsei Bank in Tokyo. ‘Things are starting to look like the Asian financial crisis in the late 1990s. Speculators are selling assets that seem the most vulnerable.’ Even a last ditch attempt to rescue the market by introducing investment from pension funds failed to limit the serious losses as investors continue to flee the equity market. Read more: Follow us: @MailOnline on Twitter | DailyMail on Facebook
  • Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks (BDI)

    08/24/2015 4:58:46 AM PDT · by blam · 17 replies
    Zero Hedge ^ | 8-24-2015 | Tyler Durden
    Tyler Durden 08/23/2015 Three weeks ago, when we last looked at the collapse in trade along what may be the most trafficked route involving China, i.e., from Asia to Northern Europe, we noted that while that particular shipping freight rate Europe had crashed some 23% on just one week, there was some good news: at least the Baltic Dry index was still inexplicably rising, and at last check it was hovering just above 1,100. That is no longer the case, and just as with everything else in recent months, the Baltic Dry dead cat bounce is now over, with the...
  • Russia's ruble falls to lowest this year, market drops over 4%

    08/24/2015 3:32:11 AM PDT · by elhombrelibre · 33 replies
    AFP ^ | 24 Aug 15 | Unknown
    Moscow (AFP) - Russia's battered ruble dropped Monday to its lowest point this year as Asian and European stock markets nose-dived over concerns about the Chinese economy. Russia's dollar-denominated RTS index fell 4.21 percent at opening as the ruble tumbled to 70.92 against the dollar, its weakest against the greenback since December 2014. The ruble-denominated Micex meanwhile dropped by 1.76 percent. The plunge in oil prices and Western sanctions over Moscow's role in the Ukraine crisis have pummelled the Russian economy in recent months, with the ruble collapsing in value. Russia's recession worsened in the second quarter as the gross...
  • Dow futures tumble as Wall Street preps for meltdown

    08/24/2015 4:00:11 AM PDT · by EBH · 331 replies
    CnbC ^ | 8/24/2015 | Jenny Cosgrove
    U.S. stock index futures screamed lower, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling more than 400 points, as fears surrounding the health of China's economy multiplied. These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent . Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.
  • US Stock futures already at -347 points at 5:59am EST.

    08/24/2015 2:57:20 AM PDT · by Enlightened1 · 106 replies
    CNBC ^ | 08/24/15
  • Bloomberg's Commodity Index Just Hit A 21st Century Low

    08/23/2015 9:50:12 PM PDT · by Perseverando · 12 replies
    Zero Hedge ^ | August 23, 2015 | Tyler Durden
    After the Bloomberg commodity index crashed overnight, having tumbled for each of the past 4 years, this happened: BLOOMBERG COMMODITY INDEX SLIDES TO LOWEST LEVEL SINCE 1999 Said otherwise, the lowest level in the 21s centiry. Yup, rate hike any minute now.
  • Dr. Copper Is Speaking, Are You Listening? ...

    08/19/2015 8:53:02 AM PDT · by blam · 5 replies
    Market Oracle ^ | 8-19-2015 | Rambus_Chartology
    August 18, 2015 By: Rambus_Chartology Copper is an important commodity when it comes to the health of the world economies and how it does often reflects how strong or weak the economy is. Its been awhile since we took an indepth look at Dr. Copper to see how healthy it is so tonight we'll look at a few charts starting with a daily look.(snip)
  • DAVID KOTOK: Oil Could Fall To $15

    08/17/2015 1:45:02 PM PDT · by blam · 67 replies
    BI ^ | 8-17-2015 | Bob Bryan
    Bob BryanAugust 17, 2015Oil prices have hit six-year lows, and Cumberland Advisors' David Kotok thinks the worst may be yet to come. "We could go back to $15 or $20, this is a downward slope, we don't know a bottom," Kotok said in a Monday morning interview on Bloomberg TV. WTI crude oil futures are trading near $42 a barrel while Brent futures are just above $48 a barrel. Kotok said that despite the oil industries apparent belief that things will get better, there is little reason for anything to change. "Hope is not a strategy, it’s a myth," he...
  • Doomsday clock for global market crash strikes one minute to midnight as central banks lose control

    08/16/2015 5:01:08 PM PDT · by Perseverando · 45 replies
    The Telegraph ^ | August 16, 2015 | John Ficenec
    China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations. Photo: Reuters When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal. Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same...
  • This Isn't The Time To Ditch Commodities

    08/16/2015 8:44:53 AM PDT · by blam · 10 replies
    BI - The Alliance Bernstein Blog ^ | 8-16-2015 | Michelle Dunstan and Henry S. D'Auria
    Michelle Dunstan and Henry S. D'Auria August. 16, 2015 Commodities haven’t been kind to investors in recent years. But we believe that shifting the frame of reference away from underlying price trends of metals and raw materials can reveal surprising opportunities in select commodity stocks. The MSCI ACWI Commodity Producers Index has declined by 28% from the beginning of 2013 to the end of July 2015. Nonenergy commodities have fared even worse—the MSCI World Metals and Mining Index has dropped nearly 50% over the same period. Prices have plummeted because of concerns about slowing Chinese demand, coupled with continued supply...
  • Commodities Are Re-entering A 'Deflationary Vortex'

    08/10/2015 11:11:40 AM PDT · by blam · 26 replies
    BI ^ | 8-10-2015 | Akin Oyedele
    Akin Oyedele August 10, 2015The pain is far from over for commodity prices. Gold, crude oil, copper, and aluminum have all had ugly plunges this year, especially in July. And as far as analysts at Macquarie see it, it's only going to get worse.In a note to clients on Monday, the firm writes that the plunge in prices is not just a story of oversupply in commodities but also an undersupply of the dollar. And so as dollars become more scarce, the dollar gets more expensive, meaning that on a gross basis, fewer dollars buy more commodities, making it hard...
  • India Rising? Modi’s Landmark Tax Bill Will Likely Pass, Says Eurasia

    07/24/2015 11:07:39 AM PDT · by entropy12
    Barron's Asia Edition ^ | 23-7-15 | Shuli Ren
    China’s loss is India’s gain. International investors are pulling out of China and plowed $705 million into India since June 12, sending the Sensex Index 7% higher. But does India have any near-term catalysts? The buzz on Narendra Modi‘s landmark reform Goods & Taxes Bill is back. An important panel in the Upper House of the parliament, which Modi’s political party does not have majority in, already approved the GST bill. Now Modi just needs to get this bill passed in the Upper House. But worryingly, the monsoon session of the parliament, which opened on Tuesday and will end on...
  • There Goes Copper...

    07/23/2015 10:02:41 AM PDT · by blam · 54 replies
    BI ^ | 7-23-2015 | Akin Oyedele
    Akin Oyedele July 23, 2015Copper is at a six-year low. On Thursday, copper fell nearly 2% to as low as $2.385 a pound, the weakest level since 2009. This is part of a big sell off in commodities. Iron-ore prices have plunged, crude oil is trading below $50 per barrel, and gold is far from recovering after Sunday's flash crash and this week's continued weakness. Each market has its own set of factors motivating traders to sell. However, concern about China's slowing economy is something that is working its way across a few markets. (snip)
  • Commodities Collapsed Just Before The Last Stock Market Crash So Guess What Is Happening Right Now?

    07/23/2015 5:45:21 AM PDT · by Enlightened1 · 28 replies
    Economic Collapse ^ | 07/22/15 | Michael Snyder
    If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months ahead of time. This is precisely what happened just before the great financial crisis of 2008, and we are watching the exact same thing happen again right now. On Wednesday, commodities got absolutely pummeled, and at this point the Bloomberg Commodity Index is down a whopping 26 percent over the past twelve months. When global economic activity slows down, demand for raw materials...
  • Commodities crash could turn Australia into a new Greece

    07/19/2015 2:51:40 PM PDT · by BlopAndStop · 9 replies
    The Telegraph ^ | 19 July 2015 | Andrew Critchlow
    Last month Gina Rinehart, Australia’s richest woman and matriarch of Perth’s Hancock mining dynasty delivered an unwelcome shock to her workers in Western Australia: accept a possible 10pc pay cut or face the risk of future redundancies. Ms Rinehart, whose family have accumulated vast wealth from iron ore mining, has seen her fortune dwindle since commodity prices began their inexorable slide last year. The Australian mining mogul has seen her estimated wealth collapse to around $11bn (£7bn) from a fortune that was thought to be worth around $30bn just three years ago. This colossal collapse in wealth is symptomatic of...
  • The Reckless Joyride of Gay Parenting (Robert Oscar Lopez)

    05/15/2015 6:14:52 PM PDT · by Mrs. Don-o · 8 replies
    The Stream ^ | May 13, 2015 | Anika Smith
    Robert Oscar Lopez is an associate professor of English and Classics at Cal State-Northridge. He specializes in American literature and loves Michel Foucault. He identifies as bisexual and is married [to a woman] and the father of two children. And in August 2012, he published “Growing Up with Two Moms” in Public Discourse, which described his life growing up with a lesbian mother and her partner. Because he shared his story, he was labeled a homophobe and became the target of a silencing campaign that worked to keep him off the air and off college campuses. Professor Lopez talked...
  • Shriveled grapes, shriveled liberty

    04/19/2015 1:59:34 PM PDT · by afraidfortherepublic · 4 replies
    The Washington Post ^ | 4-19-15 | George Will
    In oral arguments Wednesday, the Supreme Court will hear the government defend its kleptocratic behavior while administering an indefensible law. The Agricultural Marketing Agreement Act of 1937 is among the measures by which New Dealers tried and failed to regulate and mandate America back to prosperity. Seventy-eight years later, it is the government’s reason for stealing Marvin and Laura Horne’s raisins. New Dealers had bushels of theories, including this: In an economic depression, prices fall, so a recovery will occur when government compels prices to stabilize above where a free market would put them. So Franklin Delano Roosevelt’s “brains trust”...
  • Copper Just Spiked (Dr Copper)

    03/23/2015 3:01:04 PM PDT · by blam · 11 replies
    BI ^ | 3-23-2015 | Akin Oyedele
    Akin Oyedele March 23, 2015 Copper just spiked. Copper futures by more than 5% rose to as much as $2.1945 a pound after the closing bell on Monday. That's the highest its been all year. There was no immediate news related to the rapid increase. Prices had been sliding, as China's economic woes meant that it was in less demand for construction. (snip)
  • Gold's Obituary... Phase 2 Now Underway

    03/10/2015 5:45:25 PM PDT · by blam · 16 replies
    TMO ^ | 3-10-2015 | David Petch
    March 2015 David Petch This article is an update of Gold’s Obituary published back at the end of October 2014. Nothing has changed since that forecast, except the passage of time to arrive at where we are today. Analysis will cover a few currencies and different markets, which should provide a flavour of where things are heading over the next 6-8 months. As a hint, being long commodities as a whole is not recommended in the slightest. I was going to start things off with the Canadian Dollar which should find support no sooner than 72 cents, but since it...
  • Commodity Prices Set To Plunge Below 2008 Lows

    02/26/2015 11:37:16 AM PST · by blam · 44 replies
    TMO ^ | 2-26-2015 | Austin Galt
    February 26, 2015 Austin Galt This analysis will cover the CRB Continuous Commodity Index, the US Dollar index and one of the main commodity currencies, the Australian dollar. We’ll begin with the CRB Continuous Commodity Index which comprises a mixture of components from sectors including energy, metals, soft commodities and agriculture. (snip)If this analysis is correct, it means a big deflationary spiral is dead ahead that will see market participants wide-eyed with fear. However, there should be a significant rally before then which will allow many to get their houses in order. And once this deflationary spiral has run its...
  • Copper Commodity Price Technical Outlook (Dr Copper)

    02/23/2015 6:53:55 PM PST · by blam · 7 replies
    TMO ^ | 2-23-2015 | Austin Galt
    February 22, 2015 By: Austin Galt Copper got a bit of press attention recently with headlines of a plunge in price. This was in early January and I hadn't looked at the copper chart for a few days and I was gobsmacked when I did. A plunge they say?! What a load of baloney!! If that was a plunge then they are in for a big shock later this year if my analysis is correct. But let's not get ahead of ourselves. Let's start with the small picture and then come back to the big picture which will reveal the...
  • Gold Price $250 Forecast - Dear Harry Dent: Wanna Bet?

    02/19/2015 2:43:10 PM PST · by blam · 56 replies
    TMO ^ | 2-19-2015 | Jeff Clark
    February 18, 2015 Jeff_Clark Some of you may be aware that investment guru Harry Dent has publicly stated that gold will fall to $250-$400. He specifically predicted: Around $700/ounce is a certainty in gold by 2015 to 2016, and $250 is a possibility well down the line by 2020–2023. His forecast is largely based on his belief that deflation will prevail. Governments are fighting deflation. If government stimulus fails, we will have deflation, not inflation. (snip) As a gold analyst who’s spent every day of the last seven-plus years watching this market, I can’t let this pass. I’m sure gold...
  • US Farmers Expected to See 32 Percent Drop in Income in 2015

    02/11/2015 5:33:15 AM PST · by bestintxas · 42 replies
    newsmax ^ | 2/11/15
    Net income for farmers is expected to fall by nearly 32 percent this year as corn and soybean prices remain low and expenses creep higher, the U.S. Department of Agriculture said in a report. While some farmers renting land at higher prices will find it an unprofitable year, the statistics are not as dire as they may sound for farmers in general, since just two years ago income was at a record high, farm economists said. "It's neither happy times nor is the sky falling in terms of agriculture incomes," said Scott Irwin, an agricultural economist at the University of...
  • Obama Regulation Czar Advocated Removing People’s Organs Without Explicit Consent

    09/04/2009 4:15:09 AM PDT · by Man50D · 105 replies · 2,375+ views ^ | September 04, 2009 | Matt Cover
    Cass Sunstein, President Barack Obama’s nominee to head the Office of Information and Regulatory Affairs (OIRA), has advocated a policy under which the government would “presume” someone has consented to having his or her organs removed for transplantation into someone else when they die unless that person has explicitly indicated that his or her organs should not be taken. Under such a policy, hospitals would harvest organs from people who never gave permission for this to be done. Outlined in the 2008 book “Nudge: Improving Decisions About Health, Wealth, and Happiness,” Sunstein and co-author Richard H. Thaler argued that the...
  • The Most Economically-Correlated Commodity Is Flashing Red (Lumber)

    01/22/2015 5:58:17 AM PST · by blam · 29 replies
    Zero Hedge ^ | 1-22-1015 | Tyler Durden
    Tyler Durden 01/21/2015 While Crude Oil and Dr. Copper are often cited as economic indicators, as @Not_Jim_Cramer notes, in fact Lumber prices are the most correlated with ISM and GDP of all industrial commodities. That is a problem. Lumber prices are tumbling and are breaking the 6-year up-trend that has 'proved' the recovery. With no CCFD manipulation and less financialization than crude, perhaps Lumber is the real canary in the economic collapse coalmine... Lumber is the most correlated to ISM and GDP of all the industrial commodities... and that is not good for the US economy...
  • Rickards: Brace For Financial Storm 6x Larger Than 2008

    01/21/2015 12:09:48 PM PST · by alexmark1917 · 38 replies
    Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 subprime mortgage meltdown... The next financial collapse, already on our radar screen, will not come from hedge funds or home mortgages. It will come from junk bonds, especially energy-related and emerging-market corporate debt. The Financial Times recently estimated that the total amount of energy-related corporate debt issued from 2009-2014 for exploration and development is over $5 trillion. Meanwhile, the Bank for International Settlements recently estimated that the total amount of emerging-market dollar-denominated corporate debt is over $9 trillion. Energy-sector...
  • BAML: Dr. Copper Is Shouting 'Sell' Chinese Stocks

    01/14/2015 3:10:05 PM PST · by blam · 9 replies
    BI ^ | 1-14-2015 | Myles Udland
    Myles Udland January 14, 2015Copper took turn for the worst on Tuesday night, falling more than 6% to below $2.50 per pound in New York, a fresh four-year low. In a note to clients on Wednesday, David Cui at Bank of America Merrill Lynch said this not sending a good signal to the white hot Shanghai stock market, which was the world's best performing stock market in 2014. Cui wrote that given the widespread use of copper in the Chinese economy, a drop demand — and a resulting drop in price — is often a good indicator of economic health...
  • Where will the next price implosion be? Oil has fallen off a cliff, What industry is next?

    01/14/2015 6:37:10 AM PST · by SeekAndFind · 21 replies
    American Thinker ^ | 01/14/2015 | James Longstreet
    We have witnessed the price implosion of oil, and the subsequent decline in gasoline prices. Is this the beginning of a trend, and what industry will admit and be subject to an inability to control its pricing structure? Cable television? The cost of cable television is a broken promise. Originally, for those old enough to remember, the promise of cable television was that though it may involve a charge, something new for television, there would be no commercials. Anyone remember? Now, the cable providers have it both ways. There are commercials, and infomercials, on which they receive money from not...
  • 10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW

    01/08/2015 2:11:17 PM PST · by SeekAndFind · 26 replies
    TEC ^ | 01/06/2015 | Michael Snyder
    If you do not believe that we are heading directly toward another major financial crisis, you need to read this article. So many of the exact same patterns that preceded the great financial collapse of 2008 are happening again right before our very eyes. History literally appears to be repeating, but most Americans seem absolutely oblivious to what is going on. The mainstream media and our politicians are promising them that everything is going to be okay somehow, and that seems to be good enough for most people. But the signs that another massive financial crisis is on the horizon...
  • Oil Prices Hit Fresh 5-And-A-Half-Year Lows ($51.70 Bl)

    01/05/2015 3:53:53 AM PST · by blam · 29 replies
    BI - Reuters ^ | 1-5-2015 | Stefano Pozzebon and Reuters
    Stefano Pozzebon and Reuters January 5, 2015 U.S. crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets. At 11.30am GMT (6.30am ET) Brent was trading at $55.35 a barrel, losing 2%. Previously, it temporally slipped as low as $55.16, its the lowest values since May 2009. Here is a chart of how it looked at 11.30am GMT (6.30am ET): Brent 5.1.15 11.30am U.S. crude slid as low as $51.40 a barrel, also its lowest since May 2009, and at 11.35am...
  • Commodity Prices Are Cliff-Diving Due To The Fracturing Monetary Supernova—The Case Of Iron Ore

    12/31/2014 6:13:00 AM PST · by Riflema · 65 replies ^ | 12-30-2014 | David Stockman
    Crude oil is not the only commodity that is crashing. Iron ore is on a similar trajectory and for a common reason. Namely, the two-decade-long economic boom fueled by the money printing rampage of the world’s central banks is beginning to cool rapidly. (snip)Nowhere is this more evident than in China’s vastly overbuilt steel industry, where capacity has soared from about 100 million tons in 1995 to upwards of 1.2 billion tons today. Again, this 12X growth in less than two decades is not just red capitalism getting rambunctious; its actually an economically cancerous deformation that will eventually dislocate the...
  • How Could Gold Bugs Have Been So Wrong In 2014?

    12/30/2014 11:33:06 AM PST · by blam · 156 replies
    TMO ^ | 12-30-2014 | John_Rubino
    December30, 2014 John_Rubino Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious metals had to resume their bull market. The evidence was overwhelming. Debt in the developed world had risen to $157 trillion, or 376% of GDP, by far the highest level on record and clearly unsustainable. Long-term US Treasury rates had been falling for literally three decades and despite a recent uptick were so low that the only way forward seemed to be up. Europe and Japan were drifting into recessions that could...
  • Gold Surges Above $1200 On Heavy Volume As USDJPY, Treasury Yields Tumble

    12/30/2014 7:18:57 AM PST · by blam · 16 replies
    Zero Hedge ^ | 12-30-2014 | Tyler Durden
    Tyler Durden 12/30/2014 USDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) and Treasury yields with it. But it appears the Gold/Yen trade that is reacting most significantly as a huge volume flushes through futures markets spiking Gold back above $1200...(snip)
  • Gold Roubles - This Is What Gold Does In a Currency Crisis

    12/17/2014 10:39:37 AM PST · by blam · 13 replies
    TMO ^ | 12-17-2014 | John_Rubino
    December 17, 2014 John Rubino To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold. But when currencies collapse, gold shines. Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why -- all fiat currencies go this way...

    12/17/2014 10:05:19 AM PST · by blam · 112 replies
    BI ^ | 12-17-2014 | Sam Ro
    Sam Ro December 17, 2014Oil prices are surging. The price of West Texas Intermediate crude oil on Tuesday rose to $58.98 from $54.20. Brent crude rose to $63.50 from about $58.70. At this point, there seems to be no obvious explanation for the move. On Tuesday, oil prices tumbled to five-year lows. WTI touched $53.60 and Brent sank to $59.86, both were the lowest levels since May 2009. (snip)
  • Rapid fall in oil prices may portend global recession

    12/16/2014 4:56:58 AM PST · by thackney · 47 replies
    NY Post ^ | December 14, 2014 | Jonathon M. Trugman
    Cratering crude-oil prices may be a blessing to cash-strapped American consumers, but it’s a double-edged sword when it comes to the overall economy. The problem for the overall economy is not so much the drop in oil prices as it is the velocity at which oil prices have fallen. The plunge from a peak of just over $100 per barrel in the early summer to today’s $58 — a massive 42 percent drop in just a few short months, most of which has come in the last 90 days — could make anyone’s head spin. The rapid fall in crude...
  • There Goes Oil ... ($60.50 bl)

    12/11/2014 5:44:09 AM PST · by blam · 30 replies
    BI ^ | 12-11-2014 | Myles Udland
    Myles Udland December 11, 2014Oil is falling again. In morning trade on Thursday, after a quiet session overnight, the price of WTI crude oil was sliding again, moving back below $61 a barrel and towards the lows hit on Wednesday. On Wednesday, WTI fell below $60.50, the lowest since 2009, while Brent crude oil also dipped below $65 a barrel. (snip)
  • Oil Is On 'An Incessant March Downwards'

    12/10/2014 5:06:02 AM PST · by blam · 57 replies
    BI - Reuters ^ | 12-10-2014 | Adam Rose
    Adam Rose, Reuters December 10, 2014 Brent crude remained above $66 barrel on Wednesday, after resuming its drift downward amid a glut of oil on the market, following a short-lived reprieve the previous day when a weaker dollar had provided some support to prices. Worries about oversupply have pushed Brent down 40% since June. "Notwithstanding day-to-day movements, the fundamental picture hasn't really changed, and that is one of supply outstripping demand growth for most of the year," said Phin Ziebell, a senior analyst at National Australia Bank. "It's an incessant march downwards, and it would be interesting to see where...
  • The silent crash in commodities—a warning sign

    12/09/2014 2:07:10 PM PST · by RightGeek · 35 replies
    CNBC ^ | 12/9/2014 | Ron Insana
    If the commodity markets were followed as widely as the stock market, the financial world would be buzzing with the news of a crash that has taken place in the value of "stuff." While the plunging prices of oil, natural gas and gasoline are making headlines every day, thanks to the benefits accruing to consumers of energy products, the message of the commodity markets, in many ways, is hardly a reassuring one when it comes to the outlook for global economic growth. Basic materials prices for the likes of copper, nickel, iron ore, and other industrial commodities, have collapsed, both...
  • Seven Questions Gold Bears Must Answer?

    12/09/2014 9:35:03 AM PST · by blam · 17 replies
    TMO ^ | 12-9-2014 | Jeff Clark
    December 09, 2014 Jeff Clark A glance at any gold price chart reveals the severity of the bear mauling it has endured over the last three years. More alarming, even for die-hard gold investors, is that some of the fundamental drivers that would normally push gold higher, like a weak US dollar, have reversed. Throw in a correction-defying Wall Street stock market and the never-ending rain of disdain for gold from the mainstream and it may seem that there’s no reason to buy gold; the bear is here to stay. If so, then I have a question. Actually, a whole...
  • Cheap Oil Also Means Cheap Copper, Corn and Sugar: Commodities

    12/08/2014 9:06:30 PM PST · by Maelstorm · 5 replies ^ | Dec 9, 2014 | Isaac Arnsdorf
    Lower fuel prices are compounding the longest commodity slump in a generation. Because energy accounts for as much as half the cost to produce food and metals, all sorts of commodities will keep dropping, according to Societe Generale SA and Citigroup Inc. With inventories ample and slowing economies eroding demand, cheaper oil lowers the price floor for mining companies and farmers to remain profitable. Corn may drop another 3 percent, cotton 6.5 percent and gold as much as 5 percent, SocGen estimates. Costs are falling as surpluses emerge in copper and sugar and as the economy slows in China, the...
  • Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives

    12/08/2014 10:10:30 AM PST · by SeekAndFind · 43 replies
    The Economic Collapse Blog ^ | 12/08/2014 | Michael Snyder
    Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than six months this time either. If the price of oil stays at this level or goes down even more, someone out there is going to have to absorb some absolutely massive losses. In some cases, the losses will be absorbed by oil producers, but many...
  • Gold Turns Bullish

    12/03/2014 9:09:20 PM PST · by blam · 32 replies
    TMO ^ | 12-3-2014 | Clive_Maund
    December 03, 2014 By: Clive_Maund Yesterday was an extraordinary day in the Precious Metals markets, with a good chance that it signals the reversal from the brutal 3-year plus bear market that so many have waited so long to see. The day started with gold and silver plunging on the news that the Swiss voted against backing their currency with gold, but later in the day they rallied strongly on heavy turnover to close with giant reversal candlesticks on their charts. Regardless of the reasons for this bizarre behavior, technically this action looks very positive, and this is written with...