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  • #16
    U.S. & British sentiment Gold overload

    Friday, April 1, 2011

    Gold target is still in the range of $ 1.500 per ounce in the coming months though gold is only up 1% in Q 1 2011. This is the lowest increase since the financial crisis began in 2008, according to Phillip Futures.

    "The prospect of euro zone interest rate hikes and reduced expectations of quantitative easing by the U.S. burden in gold prices," according to brokers. However, gold is still used as a hedging instrument in the midst of market uncertainty. "The tightening of monetary, uncertainty in the Middle East and the problem of debt in the euro zone is unlikely to make gold as a commodity with the best performance," according to brokers.

    Spot gold was at $ 1,430.60 per ounce, down $ 1.20 since the New York market close Thursday.

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    • #17
      Stronger Gold Thin 0.2 Percent

      Monday, April 4, 2011

      Gold prices rose amid thin expectations that the U.S. central bank will raise its benchmark interest rate.

      As reported by Reuters (04/04/2011), price of gold rose slightly by 0.2 percent to $ 1430.39 per ounce. Oil prices are also expected to further rise. While the gold price in U.S. futures markets also rose 0.2 percent to USD1.431, 70.

      For silver, the price was increased to $ 38, 03, an increase of 0.7 percent from the previous close.

      Previously, the U.S. employment data on more and give a sense of optimism for world economic recovery, the positive sentiment deaden gold as the safest investment during economic uncertainty.

      As a result, gold speculators in the futures market also raise the price of gold this week.

      Comment


      • #18
        LME Metals Mixed In China Disadvantages: Low Volume

        Monday, April 4, 2011

        LME metals are very quiet in Asia in the absence of China-based participants for a two-day vacation to reduce the trade droplets. In addition, there is no consensus on the impact of Middle East unrest, the European sovereign debt problem and Japanese earthquake on the metal, which was costing sentiment, with the remaining short-term direction is clear.

        "The market has not again suffer from information overload and feeling today is equity, to the detriment of fresh involvement in base metals," said Sucden Financial.

        LME 3-month copper at $ 9,341 per tonne, down $ 19 with 218 lots thin so far. Aluminium LME 3-month at $ 2,633 / ton, up $ 2 with 48 lots.

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        • #19
          Breath Taking Crude Oil

          Tuesday, April 5, 2011

          Crude oil prices take a breather after jumping to a fresh two-year and a half high Monday, with USD strength against major currencies capping upside of oil prices in Asian trade. Although the technical indicators show the overbought prices, analysts said crude's upward momentum remains firm and there is more upside potential than downside risk given the conflict in Libya to be a long protracted fight that promises to dominate headlines for weeks and potentially months.

          "While recognizing the possibility that the rally was a bit too mature technically, we still can easily construct a scenario that would bring the WTI futures close to the area of ​​$ 111 before another plateau that will come," said Ritterbusch and ***oc. in the record.

          Meanwhile, Cameron Hanover in Libya's record has been tight battle as control has shifted back and forth, "we have to wonder what kind of long-term damage may be inflicted on oil facilities in the coastal city is the key," he said. He added that the price of overbought again, but this pattern is bullish and the trend back on track. Nymex crude for May delivery fell 20 cents on Globex at $ 108.27/bbl; Cameron Hanover tips stop-sell at $ 106.30.

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          • #20
            Oil prices print new record

            Wednesday, April 6, 2011

            Increasing political tensions in some parts of Africa and the Middle East makes oil prices in London once again touched its highest level to reach the level of USD122 per barrel.

            Brent crude oil prices soared to a position of USD122 per barrel. This price is the highest price along the 2 to 2.5 years. Oil prices traded in London has increased by $ 14 since 3 March. Meanwhile, Brent crude oil in the futures market for May park in a position USD122, 22 per barrel, up $ 1, 16.

            Apart from the conflict that occurred in Libya and a number of other Central Asian countries, expectations of interest rate hikes in China also helped to trigger increase in this index.

            Broker at BNP Paribas Commodity Futures Inc. Tom Bentz told Reuters on Wednesday (06/04/2011) says that fears the political situation in the Middle East and Africa became the main drivers of this increase in oil.

            On the other hand, the American Petroleum Institute (API) in its report on Tuesday (04/05/2011) night said U.S. crude stocks fell 2.8 million barrels in the week. Gasoline stocks rose 568,000 barrels and the total oil stocks fell by one million barrels of derivatives.

            However, towards the API report, crude stocks are expected to increase in the position of 1.7 million barrels during last week. Inventories of gasoline is estimated to be lower by 1.9 million barrels and 200,000 barrels sulingannya seen a small decline.

            According to Reuters data, the volume of U.S. trade below the average for 30-250 days. While the exact volume of Brent at point average, higher than the U.S. trade.

            While the broker Andrew Lebow at MF Global analysis of the deteriorating situation in Africa after diundurnya elections in Nigeria. He said the delay in the 40s Brent oil cargo shipments as well as the political situation in Yemen and Saudi Arabia are the factors that add to this difficult position

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            • #21
              Gold Hit By Profit Taking; Support $ 1,450

              Thursday, April 7, 2011

              Spot gold was at $ 1,452.50 per ounce, down $ 6.60 since Wednesday near New York. "There was some profit taking and selling the physical, but a typical Asian action and these sellers will seek to buy back at lower levels.

              Overall, still friendly to gold and I think we will hold above $ 1,450, "said a trader based in Singapore at an international bank.

              The next cue for gold is the ECB meeting, with hawkish talk from ECB president Trichet at a news conference 1230 GMT likely see EUR / USD rebounded above 1.43, which could help gold claw back some ground. EUR / USD is at 1.42966 after topping out at $ 1.43500 late Wednesday.

              Comment


              • #22
                Brent Crude Oil Could Reach $ 130/Bbl

                Thursday, April 7, 2011

                "The increase in U.S. oil stocks helped put the brakes on crude oil rally, "but it's just a matter of time before the benchmark contract to continue their uptrend, said a trader at Hyundai Oilbank.

                According to the U.S. Department of Energy, crude oil stocks increased by 2 million barrels to 357.7 million barrels last week. Unrest continues in Libya and the countries of other oil producing and sparked fears of supply shortages with the country's main oil-producing countries show little effort to boost production, crude oil has a lot of upside.

                "The movement of Brent prices above $ 120 per barrel has given no triggers proactive policy stance from the manufacturer Indeed,. the nature of the lack of response and the general drift recent policy statement indicates that the producer away from actively seeking to rein in prices reversed, leaving door for $ 130 Brent swung open, "said Paul Horsnell at Barclays Capital. ICE Brent crude oil for delivery can go down 58 cents at $ 121.72/bbl on Globex.

                Comment


                • #23
                  After the Print Record, Gold Prices Stable

                  Thursday, April 7, 2011

                  SINGAPORE - The price of gold was observed to thin down ahead of rate announcement by the European Central Bank (ECB). Meanwhile, silver prices barely moved after rising to its highest level for more than three decades.

                  As quoted by Reuters on Thursday (4/7/2011), the price of gold dropped 31 cents to USD1.456, 69 per ounce, after earlier scoring a new record of USD1.461, 91 on Wednesday due to a weakening U.S. dollar value to the position lowest during the last 14 months against the euro.

                  While the price of silver in the spot market has barely changed in 39, 37 per ounce, after earlier scoring a record high in 31 years at $ 39, 75.

                  European Central Bank is ready to raise interest rates from the lowest level at 1.0 percent. But it is feared could suppress Lanu euro is now the trend is being strengthened.

                  While the yen held near six-month lows against the dollar on Thursday and weakened during the 11-month low against the euro ahead of monetary policy in Japan and the eurozone are expected to raise interest rates.

                  Then the price of Brent crude oil rose to its highest level for two and a half years terakhi to USD123 per barrel level on Wednesday, oil prices this sebelumnmya had weakened as market players worried about the recent rally was excessive.

                  Comment


                  • #24
                    Penetrating Oil $ 110 Per Barrel On Middle East Tensions

                    Friday, April 8, 2011

                    Oil prices end at 2-1/2 year high on Thursday as fears of supply problems associated with the fighting in Libya and the Middle East turmoil fears overshadow demand driven by an increase in eurozone interest rates and big aftershocks hit Japan.

                    Brent crude oil for May delivery rose for the sixth day, closed 37 cents higher at $ 122.67 per barrel, the highest since August 4, 2008.

                    U.S. May crude oil futures closed up $ 1.47 at $ 110.30 per barrel, the best since September 22, 2008, rose for a fifth day in six sessions.

                    U.S. crude oil climbed after U.S. data showed claims for unemployment benefits fell, adding to signs of strengthening labor market.

                    A major aftershock struck northeastern Japan on Thursday night. The latest quake manambah worries that oil demand will go down in Japan, the third largest economy in the world who are trying to recover from the devastation caused by earthquake and tsunami last month.

                    Comment


                    • #25
                      Gold hits record, Silver Reaches 31 Year High

                      Monday, April 11, 2011

                      Gold continued strengthening Monday and soared to a record high above $ 1.476 per ounce as the euro climbed to a 15-month high against the U.S. dollar, while stabilizing oil prices helped silver reaches 31-year high above $ 41 per ounce.
                      Survive weak yen in early Asian trading on Monday, while U.S. dollars are trying to survive against a set of other major currencies as investors continued to carry trade to the assets had a high yield.

                      Comment


                      • #26
                        Asia Oil Price Down So U.S. $ 112.73

                        Monday, April 11, 2011

                        Oil prices on trading Monday (11 / 4) dropped after the African Union states Gaddafi accept peace proposals.

                        South African President Jacob Zuma who mempin African delegation in talks in Tripoli to meet Libyan President Muammar Gaddafi a few hours. The meeting was to discuss the possibility of Gaddafi back.

                        Crude for May delivery light crude fell 6 cents to U.S. $ 112.73 per barrel on the New York Mercantile Exchange. Meanwhile, Brent crude fell 92 cents to 125, 73 per barrel in London, quoted from finance.yahoo.com.

                        On Friday oil prices had touched the level of U.S. $ 126 per barrel for Brent as the highest level since the last 32 months.

                        Peace talks in Libya has lowered the price of oil has been weighing on the market. For the world's largest oil exporter, Saudi Arabia confirms production capacity is still large oil reserves making it possible to memenuhni demand and increase supply. Saudi Arabia's production reached 12.5 million barrels per day.

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                        • #27
                          Hard commodities will continue rising as long as global economic and political unrest continues

                          Comment


                          • #28
                            Because of the IMF, oil tumbles

                            Tuesday, April 12, 2011

                            World oil prices dropped significantly from a high level in 30 months on Tuesday, and continued to roost in the depressed price of 108.40 dollars per barrel.
                            Drop in oil prices is particularly after the IMF statement on Monday that it lowered the growth forecast American countries and Japan, and this indicates a result of high oil prices cause the threat risk to global economic growth.

                            Oil prices fell most sharply torn almost in 4 weeks after the IMF's World Economic Outlook said the U.S. economy will slow from 2010 amid the unemployment rate is above 8% and a slump in consumer confidence.

                            It is deepening decline in oil as investors followed the recommendation from Goldman Sachs to take action profit-taking after a rally up to the high level of 30 months.

                            The perpetrators of the recent market has been worried about higher oil prices high enough to hamper economic recovery and reduce demand for oil products like gasoline.

                            Comment


                            • #29
                              Gold Recovers Over $ 1460

                              Tuesday, April 12, 2011

                              Gold continues pressured by profit taking during the previous session to reach the low $ 1453.65/ons level, which seems to provide a boost for Gold to move up and back into the area above the $ 1,460 in mid European session today.
                              Weak risk appetite this week as renewed concerns over the emergence of Japan's nuclear crisis further aggravated the already fragile market sentiment. These conditions have pushed demand for safe-haven assets more powerful. Gold bullion that backed last week's near the highest fresh all-time at a slightly higher aversion to risk that carries with stronger safe-haven demand. What's more, the relatively weaker dollar against European currencies made ​​the greenback-denominated commodities more attractive in international markets.

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                              • #30
                                Corrected, NYMEX Oil At $ 106/barel

                                Wednesday, April 13, 2011

                                U.S. crude oil futures traded on the New York Mercantile Exchange re-adding the decline in day-to-3 on Wednesday.
                                NYMEX crude oil fell to as low as $ 106 per barrel and have dropped more than 6% from the peak point in the last 32-months in this week mainly due to concerns that price hikes have gone too far and could erode demand.

                                U.S. crude has slumped by 5.8% over the last two sessions and is a two-day percentage biggest decline since May 2010, when the Greek state debt crisis and the sharp decline in commodities in euro zone

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