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Keyword: commodities

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  • Copper Is Crashing In China

    11/16/2015 8:50:19 PM PST · by blam · 17 replies
    Zero Hedge ^ | 11-16-2015 | Tyler Durden
    Tyler Durden 11/16/2015 Shanghai Copper is down 4.6%, hitting fresh cycle lows not seen since March 2009. No clear catalyst is evident for now aside from stronger USDollar, Codelco's cuts, and more chatter of CCFD unwinds. If COMEX Copper holds these losses, it will be down for 10 straight days - the longest on record from what we could tell. Copper is crashing in China... (snip)
  • Russia to meet with Oil Producers to address the low price of oil.

    10/06/2015 12:29:38 PM PDT · by 100American · 18 replies
    oilandenergyinvestor.com ^ | OCTOBER 6TH, 2015 | DR. KENT MOORS
    Over the weekend, Russian Energy Minister Alexander Novak announced that Moscow is ready to meet with both OPEC and other oil producers to address the low price of oil. For the first time in nearly 11 months, geopolitics is likely to give support to higher crude, and oil prices saw a new push. Ever since OPEC decided last Thanksgiving to defend market share rather than price, crude has been in a swoon. That has had a major negative impact on countries relying upon the sale of oil to balance their central budgets. All producing countries have been affected as oil...
  • Crossing Borders with Gold and Silver Coins - a Glimpse of Things to Come

    09/13/2015 8:46:23 AM PDT · by Rockitz · 50 replies
    Internationalman.com ^ | 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 · 18 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: http://www.dailymail.co.uk/news/article-3208576/Black-Monday-Chinese-stock-market-shares-plummet-8-world-s-second-biggest-economy-continues-freefall.html#ixzz3jjXj2oMb 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...