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Keyword: commodities

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  • What Possible Disruption Is Coming That Requires China To Start Massive Stockpiling Of All Possible Commodities?

    09/10/2020 7:56:07 AM PDT · by SeekAndFind · 35 replies
    The Daily Coin ^ | 09/10/2020 | By Michael Every of Rabobank
    Today is like one of those rare occasions when the Broadway understudy for a leading role finds out that the star has the ‘flu (not Covid-19) and so they get to go in front of the audience for once. Yes, Europe, today is your time to shine: “Everything’s coming up Milhouse!”.Or not. Because the pressure is certainly on.First, we have the ECB. The market whisper is that they have decided that a global backdrop where the Fed, BOE, RBA and RBNZ, among others, have all flagged that things remain grave, and that far more easing can still be; where a...
  • Hackers posed as Egyptian oil contractor in apparent spy campaign ahead of OPEC meeting

    04/23/2020 1:29:32 PM PDT · by nickcarraway · 1 replies
    Cyberscoop ^ | APR 21, 2020 | Jeff Stone
    Hackers are trying to infect organizations throughout the world with a popular strain of malware by sending emails that appear to be from an Egyptian oil company. In research published Tuesday, Romanian antivirus company BitDefender noted a surge in attempted phishing attacks that try to trick users into downloading malware by masquerading as Enppi, an oil company owned by the Egyptian government. The malware, known as Agent Tesla, is a spyware tool which enables hackers to monitor keystrokes, steal data about file downloads and collect username and password credentials from internet browsers, among other capabilities. The number of attacks spiked...
  • Mexico will receive $6 billion from oil hedge -president Ana Isabel Martinez

    04/22/2020 11:31:53 PM PDT · by nickcarraway
    Mexican President Andres Manuel Lopez Obrador said on Wednesday that the oil hedging program the finance ministry put in place to protect government oil revenues from falling crude prices would yield 150 billion pesos ($6.11 billion). The program is expected to compensate for lost revenues after the price for Mexico’s main Maya crude export dropped to historic lows as the novel coronavirus and the fallout between oil powerhouses Russia and Saudi Arabia roils markets. “This coverage gives us around 150 billion pesos,” Lopez Obrador said. “That is, it compensates for income lost because of the oil price drop.” Lopez Obrador...
  • Coronavirus: Oil Price Collapses to Lowest Level for 18 Years

    03/30/2020 1:51:21 AM PDT · by nickcarraway · 29 replies
    BBC ^ | 3/29
    The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $23.03 a barrel at one point on Monday morning, its lowest level since November 2002. Meanwhile the price of US West Texas Intermediate (WTI) fell below $20 a barrel and close to an 18-year low.
  • Options Trader Bets $2 Million on a Monster Rally for Gold

    03/03/2020 4:43:34 PM PST · by nickcarraway · 15 replies
    CNBC ^ | TUE, MAR 3 2020 | Tyler Bailey
    Gold is off to a strong start in 2020 as investors flock to safe haven trades amid coronavirus fears. The precious metal is up nearly 8% this year, and has surged 26% over the last 12 months. One options trader is betting the rally is far from over, and after Tuesday’s surprise 50 basis point rate cut from the Federal Reserve, it’s already looking like a smart wager. This trader wasn’t alone in their bullish betting on gold futures, but their trade was, by far, Monday’s largest trade in gold futures, according to Michael Khouw, president of Optimize Advisors. “Most...
  • Not just Party City: Why helium shortages worry scientists and researchers

    05/18/2019 12:23:47 PM PDT · by EdnaMode · 78 replies
    NBC News ^ | May 18, 2019 | Mary Pflum
    This month’s announcement from Party City that it’s closing more than 40 stores as it grapples with new challenges, including diminishing helium supplies, likely came as unwelcome news to customers who count on the store for their balloon and event planning needs. But for scientists like Mark Elsesser, the announcement was something of a relief, inflating hopes that the public, and the government, might start paying closer attention. “When it comes to helium, we’re at a tipping point,” said Elsesser, who is the associate director of government affairs at the American Physical Society, a nonprofit association of physicists. “Party City...
  • Gold buying by central banks hits its highest level in almost three years

    11/01/2018 8:53:05 PM PDT · by NRx · 58 replies
    CNBC ^ | 11-01-2018 | David Reid
    Central banks around the world have upped their spending on gold to the highest level in almost three years, according to the World Gold Council (WGC). More than 148 metric tons of gold were bought by the national banks in the three months to the end of September, a rise of 22 percent on the same period last year. Using the current spot price of $1,223 per troy ounce, the gold purchases by the banks added up to a $5.82 billion spending splurge on the precious metal. Russia’s central bank led the buying, purchasing more than 92 tons of gold....
  • Gotcha!--Deep State Foiled Trying To Sabotage Trump’s Foreign Policy

    05/19/2018 6:53:34 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | May 19, 2018 | Humberto Fontova
    "We called the White House and they acted swiftly on the Friday event, which has since been postponed," said a staff member for Republican Florida Sen. Marco Rubio, who complained that the event would have openly undermined President Donald Trump’s agenda on Cuba."The event in question has been postponed," a State Department official confirmed."This (event) was designed to embarrass the president and Pompeo—somebody needs to be held to account," one source said. "The fact that State Department officials were advancing a program that is so slanted and completely at odds with the president's directive on Cuba, I am concerned what...
  • South Africa gold mine: About 950 workers trapped [stranded] underground

    02/01/2018 10:21:57 AM PST · by BenLurkin · 8 replies
    [A] storm caused a power cut and blocked their way out. Without electricity, the lifts could not bring night shift workers to the surface, but they "appear to be fine", a spokesman for their employer said. He said about 65 miners have so far been rescued and all are accounted for. South Africa is a leading gold producer, but the industry has often been accused of a poor safety record. The Beatrix mine is in Welkom town, about 290km (180 miles) south-west of Johannesburg. It is owned by Sibanye-Stillwater mining firm. It has 23 levels, going down to 1,000 metres...
  • Don’t Look Now, but Gold Just Finished Its Best Year Since 2011

    01/05/2018 6:55:48 AM PST · by blam · 13 replies
    Market Oracle ^ | 1-5-2017 | Money Metals
    Metals investors may have missed it given the gloomy sentiment that plagued markets for much of 2017, but gold just finished its best year since 2011. Perhaps in a year like the one just passed, 13% gains are simply not inspiring. U.S. stocks finished about 25% higher for the year, and crypto-currencies including Bitcoin left all other asset classes in the dust. Bitcoin gained roughly 1,400%. Die hard gold bugs enter 2018 waiting for crypto-bugs and stock bulls to see the value of precious metals. Fortunately, precious metals have served reliably both as an inflation hedge and as a safe...
  • Nearly 4 in 10 U.S. Adults Now Obese (Update)

    10/13/2017 8:36:08 PM PDT · by nickcarraway · 60 replies
    Medical Xpress ^ | October 13, 2017 | Dennis Thompson
    Almost forty percent adults in the United States are now obese, continuing an ever-expanding epidemic of obesity that's expected to lead to sicker Americans and higher health care costs. Almost four out of 10 adults and 18.5 percent of kids aged 2 to 19 now meet the clinical definition of obesity, according to a new report from the U.S. Centers for Disease Control and Prevention. That's up from 30.5 percent of adults and 13.9 percent of children in 1999-2000, the CDC report noted. Public health experts are concerned that the continuing rise in obesity will lead to greater numbers of...
  • The $10 Trillion Resource North Korea Can't Tap

    09/13/2017 2:49:23 PM PDT · by bananaman22 · 18 replies
    Oilprice.com ^ | 13-09-2017 | Para
    North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion. Of course, there are no official reports on how much North Korea’s mineral wealth really is, but according to rough estimates from earlier this decade, Pyongyang’s deposits of coal, iron ore, zinc, copper, graphite, gold, silver, magnesite, molybdenite, and many others, are worth between US$6 trillion and US$10 trillion, as per South Korean projections reported by Quartz.
  • In Global Trade, We Need Equal Protection from All Governments

    03/28/2017 5:13:20 PM PDT · by Kaslin · 7 replies
    Townhall.com ^ | March 28, 2017 | Seton Motley
    Yesterday we wrote of, here at home, the long lost beauty of equal protection before the law, which the 14th Amendment of our Constitution mandates - but our government almost never delivers. By forsaking this important tenet, we opened wide the door to cronyism - with government playing favorites amongst private sector players.  Decades later, we have a heinous patchwork quilt of laws and regulations - oft even contradictory rules that have been time and again warped to the will of the highest bidders. The result is anything but a free market economy.  Want to know why our nation has basically stagnated for decades? ...
  • Should the United States Abandon the Federal Reserve System?

    03/09/2017 8:07:43 PM PST · by Tolerance Sucks Rocks · 54 replies
    Economics Wire ^ | March 9, 2017 | Viliyana Filipova / Mr. Conrad
    The Federal Reserve gives us the freedom to buy things now that we would otherwise have to wait for.In looking at the Federal Reserve, it is important to note that this is a money system, not just a group of people sitting in a conference room controlling everything having to do with the US dollar. The Fed is a system just like the government of the US is a system. What that means is that no one controls it, and that it is much bigger than any one person or group of people could ever control. They can guide it,...
  • Copper Price Forecast – Is Copper Ready To Start A New Bull Market In 2016?

    11/13/2016 7:30:00 PM PST · by blam · 15 replies
    Investing HavenNovember 12,2016 We have covered the copper market extensively in recent weeks. As the price of copper has truly gone balistic this week, it justifies another commentary with our view on where exactly copper stands, and where it can go from here. In other words, is the copper price forecast that bullish that it suggests a new bull market has started in 2016? MarketWatch is one of the few media outlets that provided some (positive) coverage on copper today. Their article implicitly suggests a bullish copper price forecast for the remainder of 2016: “Copper futures, meanwhile, saw a weekly...
  • After years of pain, coal becomes one of the hottest commodities of 2016

    08/17/2016 11:16:35 PM PDT · by 2ndDivisionVet · 8 replies
    Reuters ^ | August 17, 2016 | Henning Gloystein
    Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. Cargo prices for Australian thermal coal from its Newcastle terminal, seen as the Asian benchmark, have soared over 35 percent since mid-June to more than one-year highs of almost $70 a tonne, pushed by surprise increases in Chinese imports. "Coal markets, after five years of declining prices, appear to have found a bottom in the first quarter," Australia's Whitehaven Coal said on Thursday,...
  • Citibank: We’re Nearing A Bull Market For Oil

    07/12/2016 10:01:52 AM PDT · by bananaman22 · 8 replies
    Oilprice.com ^ | 12-07-2016 | Citi
    Citigroup is “especially bullish” on commodities in 2017, the bank says. “The oil market is treading water for now, but the oil price overshot to the downside earlier this year and this is clearly setting the stage for a bullish end to the decade,” Citi analysts, led by Ed Morse, wrote in a research note published on July 11. There is a quite a bit of volatility in commodity markets, especially for oil, but global demand continues to grow at a steady pace. Prices have crashed on oversupply, but with oil production going offline, particularly in the U.S., the markets...
  • Precious Metal Pandemonium - Silver Spikes Limit-Up, Gold Surges As China FX Basket Hits Record Low

    07/04/2016 4:55:56 AM PDT · by blam · 34 replies
    Zero Hedge ^ | 7-4-2016 | Tyler Durden
    Tyler Durden Jul 3, 2016 10:50 PM Update: Silver just exploded above $21 - up almost 8% - its biggest single day surge since September 2013. Silver is limit up on SHFE as Gold is also surging back towards Brexit highs near $1360... China's CFETS Renminbi basket just hit a record low..(snip)Lots of charts...click on link(snip)
  • Charting the lowest interest rates in 5,000 years, worst commodity returns in 80 years

    06/17/2016 9:59:42 AM PDT · by Lorianne · 13 replies
    Market Watch ^ | 14 June 2016 | Barbara Kollmeyer
    Looking to dazzle friends and family at the next summer barbecue? Well, drop this little fact on them: global interest rates are at their lowest in 5,000 years. Not only that, you can tell the acquaintance who brags about his gold bars in the bank vault that returns on commodities are the worst since 1933. Sounds crazy you may say, but that’s just the kind of history Bank of America Merrill Lynch rolled out in the third edition of “Longest Pictures” note. The first chart shows the lowest global interest rates going all the way back to 3,000 B.C. Michael...
  • Total U.S. weekly rail traffic down 10.6% ( coal down 33.5% )

    05/12/2016 7:31:52 AM PDT · by george76 · 23 replies
    Railway Age ^ | May 11, 2016 | Ben Vient
    The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 7, 2016: Total U.S. weekly rail traffic was 492,923 carloads and intermodal units, down 10.6% compared with the same week last year. Total carloads for the week ending May. 7 were 233,047 carloads, down 14.8% compared with the same week in 2015, while U.S. weekly intermodal volume was 259,876 containers and trailers, down 6.4% compared to 2015. Three of the 10 carload commodity groups posted an increase compared with the same week in 2015. They were miscellaneous carloads, up 6.7% to 9,839 carloads; chemicals, up...