All About Commodity

[mynameisandhy]

Oil prices firmer Months Ended, Time to Reach Highest in 31 Months

 

At the close of trading on the Nymex commodity exchange early this morning seem crude oil prices increased seriously (4.30). At the end of trading this April, the price of crude oil through the 114 dollars for the first time in 31 months, lifted by continued dollar decline against other major currencies.

 

New York's main contract, light sweet crude for June delivery, rose higher during the trading session to reach 114.18 dollars per barrel just a few minutes before the market closed, the highest peak since 22 September 2008.

 

Crude oil contract, also known as West Texas Intermediate (WTI) has expired on 113.93 dollars per barrel, up 1.07 dollars from the close Thursday.

 

Two things are very positive for oil is a weak dollar and strong stock market. New York benchmark price climbed 6.7 percent during April, and about 25 percent since the beginning of the year. April was the eighth consecutive month WTI increased.

 

In London, Brent North Sea crude for June delivery rose 87 cents to 125.89 dollars per barrel in electronic trading.

 

Financial markets in London closed on Friday to celebrate the royal wedding of the couple and Kate Middleton Prince William.

 

Inflation is moving fast in the 17-nation euro zone on Friday raised expectations of interest rate hikes by the European Central Bank (ECB), which in turn increases the euro against the dollar.

 

Analyst Research Vibiz of Vibiz Consulting considers that the price movement of crude oil to the Asian session will tend to decrease for a while. Geopolitical conditions in the Middle East and North Africa is still a major concern issues in the crude oil market. The range of crude oil prices are expected to be at 100-110 dollars per barrel.

[mynameisandhy]

Correction of Oil Will Continue

 

Monday, May 2, 2011

 

Put oil in a two-week decline terdesar expectations due to the killing of Osama bin Laden may reduce the risk of supply disruptions in the Middle East. U.S. President Obama has confirmed the death of al-Qaida leader during the fighting in Abbottabad, Pakistan. This further deepened the decline in oil prices also pressured by a reduction in force of economic growth in China, the world's second largest oil consumer.

 

"The death of Osama could be bearish because the trigger can reduce the fear of infectious unrest in the Middle East," said Stephen Schork, The Schork Group officials. "Now, market corrections have a reason to come down significantly."

 

Oil was also pressured by China's manufacturing index downs in April. Manufacturing PMI index slipped to 52.9, lower than the predicted 54.0 and 53.4 in March publications. "The descent to the manufacturing index suggests that the economic slowdown means less oil consumption," said Jonathan Barratt, officials Commodity Broking Services. The growth in Asian oil demand will slow in the second half of this year due to high fuel prices hurt consumer demand, wrote JPMorgan Chase.

[mynameisandhy]

Gold Back Stronger After the U.S. manufacturing data

 

Monday, May 2, 2011

 

Gold prices turned weaker dollar rose broadly in line on the U.S. trading session, after U.S. manufacturing activity index showed a decline in April.

Gold traded rose more than $ 3.50 to $ 1,563 an ounce on the Comex in New York Mercantile Exchange. Previously Gold prices touched a record $ 1,576.65 an ounce, but corrected in most of the electronic trading session due to dollar appreciation.

 

U.S. manufacturing sector managed to expand in 21 months in a row, but noted a decrease to 60.4% in April from 61.2% the previous month, according to the Institute of Supply Management reported Monday.

[mynameisandhy]

Strengthening strut Inflation Still Gold

 

Tuesday, May 3, 2011

 

Gold went up in the London session (3.5) to stay away from the daily low level 1534.60. Investors are now to review the impact the death of Osama bin Laden, the U.S. low interest rates and fears of global inflation. The death of al-Qaeda leader managed to trigger a sharp fall yesterday, but quite volatile trading. "In recent weeks, gold overbought conditions," said Peter Fung, Wing Fung Precious Metals officials who predict the prices are still volatile in the near future. Level of $ 1,500 is still a strong support for gold, "added Fung.

 

Gold may lack the appeal of safe-haven due to news of the death of Osama bin Laden, but the bullish trend is still maintained by the macro-economic indicators. "Factors supporting the rally remains intact, such as loose monetary policy from the Federal Reserve," said Ong Yi Ling, an analyst at Philip Futures. Concerns Happenings global inflation, unrest in the Middle East and North Africa may also increase interest in the precious metal investment. India's central bank even raised interest rates 50 bps today to fight inflation in the current finance minister of China, Japan, and South Korea expressed concern about inflation, rising commodity prices, and rising capital flows.

[mynameisandhy]

Stronger Dollar, Oil fading

 

Tuesday, May 3, 2011

 

U.S. crude oil contract (U.S.) dropped 0.5% in early Asian trading on Tuesday (05/03). Corrections accompanied by a strengthening dollar, which rose from a low 3-year level. But oil still above $ 2 at low levels on Friday ((4.29) after the news of the death of Osama bin Laden.

NYMEX oil contract for June delivery was down 43 cents to as low as $ 113.09 per barrel. Earlier, oil dropped to 41 cents to $ 113.52 a day earlier. State leaders say the world was safer after the death of Osama, but warned of revenge attacks.

 

U.S. crude oil inventories rose 1.9 million barrels expected. Given the import volume is estimated to exceed the amount of production.

[mynameisandhy]

Gold prices weakened accompanied the sharp decrease in Silver Prices

 

Wednesday, May 4, 2011

 

 

At the close of trading on the New York Mercantile Exchange early this morning seems the price of gold has decreased (4.5). Silver prices weakening the biggest two-day decline since October 2008 seemed to put pressure on gold price movements. Profit taking by speculators draw turutn precious metal prices.

 

Last night a silver prices declined by 5%. Sharp decline in silver prices turutn dragging crude oil prices and gold. Hagra silver has increased over 150% since August last year. Gold prices seem almost 2% decrease and recorded two biggest daily decline since early January.

 

Spot gold prices seem a decrease of 0.4% and ended at position 1537.95 dollars per troy ounce. Meanwhile, gold futures prices for contracts in June looks a decrease of 1.1% and closed at 1540.40 dollars per troy ounce. On Monday gold prices reached a record high at 1575.79 dollars per troy ounce.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, gold price movements will still be expected to continue declining for a while. Yet prices are still in bullish trend and the potential to re-print a new record. It is estimated that gold prices will experience movement in the range 1500 - 1550 dollars per troy ounce.

[mynameisandhy]

Crude Oil Prices Driven weakened European Debt Crisis Concerns

 

Wednesday, May 4, 2011

 

 

In late trading in New York Mercantile Exchange early this morning seem crude oil prices again experienced a significant decline (4.5). Oil prices fall as fears of a new debt crisis, euro zone, in addition to the implications of the death of al-Qaeda leader Osama bin Laden.

 

Crude Oil Brent North Sea for June delivery fell 1.29 dollars to 123.83 dollars per barrel in late London trade.

 

New York's main futures contract, crude oil "light sweet crude for delivery in June, down 90 cents to 112.62 dollars per barrel.

 

Both Brent crude oil contract and New York down lower in a correction, following the uncertainty of economic conditions that increase the renewed concerns about the debt problems of the eurozone countries, mainly to Greece. Crude oil prices had fluctuated wildly on Monday after news of the weekend death of bin Laden.

 

In a dramatic announcement on Sunday, the White House revealed that U.S. forces had killed the leader of Al-Qaeda mastermind behind the attacks of 11 September 2001, in a secret complex in Pakistan.

 

In reaction, New York crude had slumped on Monday under $ 110 U.S. per barrel, but quickly reversed course to peak at 114.83 U.S. dollars before diminishing returns.

 

Analyst Research Vibiz of Vibiz Consulting considers that the price movement of crude oil to the Asian session will tend to decrease for a while. Geopolitical conditions in the Middle East and North Africa is still a major concern issues in the crude oil market. The range of crude oil prices are expected to be at 100-110 dollars per barrel.

[mynameisandhy]

After Down, Gold Prices Stable Now

 

Thursday, May 5, 2011

 

After falling for three consecutive days, gold prices appear stable. Meanwhile, silver prices go back down even one percent.

 

As reported by Reuters on Thursday (04/05/2011), price of gold in the spot market moves to strengthen thin to USD1.516, 29 per ounce. Meanwhile, gold prices on COMEX futures market edged up $ 1, 30 to USD1.516, 60.

 

Mexico to increase gold reserves in the first quarter of this year. The country is buying more than gold bullion worth more than $ 4 billion in gold bars due to the weakening U.S. dollar value. Where the U.S. dollar currently located at terandahnya level for two and a half years.

 

The price of silver in COMEX silver futures market fell 1.2 percent to its lowest level in a month at $ 38, 91. And silver prices in the spot market fell by one percent to $ 38, 92.

 

Drop in the price of COMEX silver is due to raise the margin for a transaction of this silver. CME Group set a margin increase in a row at the silver on the COMEX, margins also rose 84 percent in just eight days.

[mynameisandhy]

Action Selling Soros, Gold and Silver hit

 

Thursday, May 5, 2011 08:19

 

The price of silver and gold futures fell on news that investors with high profile, including George Soros's hedge fund, sell the precious metal.

 

Silver for July delivery closed down U.S. $ 3.20 per ounce, or 7.5%, to U.S. $ 39.39 per ounce on the Comex division of the New York Mercantile Exchange. That's the lowest close for most active contract since April 6.

 

The contract has fallen more than 7% on the previous session, posted the biggest one-day decline since December 2008. Apart posted sharp losses on Monday and has fallen nearly 20% since Friday.

 

Traders suspect, reports the Wall Street Journal that hedge fund George Soros, a company operated by investor John Burbank, and several other investors have sold many gold and silver, because there is little chance of deflation. However, a spokesman for Soros, declined comment.

 

Unlike gold, which was bought by big investors, funds and central banks, silver largely dominated by individual investors. The price of silver can be predicted even reach the lowest level of U.S. $ 36 per ounce in the next few weeks.

 

Gold for June delivery also fell U.S. $ 25.10, or 1.6%, to $ 1,515.30 an ounce on the Comex, the biggest one-day percentage decline since March 15. The metal is down 1.1% on Tuesday. Corrections wider also occurs in other metal prices, such as copper for July delivery fell 12 cents, or 2.8% to U.S. $ 4.13 per pound.

[mynameisandhy]

Pressured Not Helpless Gold Silver Price collapse

 

Friday, May 6, 2011

 

 

At the close of trading on the New York Mercantile Exchange early this morning seems the price of gold futures declined significantly (6.5). Prices of gold futures tumbled driven by the sharp weakening price of silver. Action panic selling seemed coloring trade last night and its impact to the decline in other commodity markets.

 

The price of silver on the last night of trade declined by more than 10%. Prices of silver futures have declined by 30% this week after rising to record highs in the level of 50 dollars in trading last Thursday. Decline in silver prices are dragging the price of gold recorded a decline of 3%.

 

Spot gold prices seem a decrease of 3.2% and closed at 1467.69 dollars per troy ounce. Meanwhile, the price of gold futures for June delivery contract seems to experience a decline of 33.90 dollars and closed at 1481.40 dollars per troy ounce.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, gold price movements will still be expected to continue declining for a while. Yet prices are still in bullish trend and the potential to re-print a new record. It is estimated that gold prices will experience movement in the range 1470 - 1500 dollars per troy ounce.

[mynameisandhy]

WTI Oil Down $ 100 Down

 

Friday, May 6, 2011

 

 

At the close of trading on the New York Mercantile Exchange early this morning seem crude oil prices experienced a significant reduction (6.5). Crude oil prices dragged down New York's main contract below 100 U.S. dollars per barrel for the first time since 16 March.

 

Prices fell after disappointing U.S. jobs data and prompting fears of increased dollar demand for oil, analysts said.

 

New York's main contract, crude oil, light sweet "or also known as West Texas Intermediate (WTI) for June delivery, closed at 99.80 dollars per barrel, down 9.44 dollars, or 8.6 percent, from Wednesday.

 

In London, crude North Sea Brent for June delivery dropped 10.39 dollars to settle at 110.8 U.S. dollars per barrel.

 

Prices have been moving sharply higher, with WTI reaching nearly $ 115 mark per barrel on May 2, in the midst of Arab rioting and nuclear crises in Japan after the devastating earthquake and tsunami11 March.

 

Oil prices were also hit after U.S. jobs report indicated the recovery of the labor market difficulties ahead of key employment figures on Friday April.

 

New claims for U.S. unemployment insurance benefits jumped to 474,000 in the week ended 30 April, an increase of 10 percent from the prior week and the highest for eight months, the Labor Department reported.

 

Analyst Research Vibiz of Vibiz Consulting considers that the price movement of crude oil to the Asian session will tend to decrease for a while. Geopolitical conditions in the Middle East and North Africa is still a major concern issues in the crude oil market. The range of crude oil prices are expected to be at 100-110 dollars per barrel.

[mynameisandhy]

Gold and Silver Commodity Stable After Fall

 

Monday, May 9, 2011

 

The price of gold and silver held steady on Monday after falling last week due to a sell-off that hit the commodity, as investors are watching the euro zone debt crisis and its impact on the Euro.

Spot gold moved slightly in the level of $ 1,493.75 per ounce, after posting kejatuhanm 4.5% last week, its worst since February 2009.

COMEX Gold futures rallied 0.2% to as low as $ 1,493.80.

Spot silver moved down 0.2% to as low as $ 35.54, after posting his fall the previous week.

Silver on the COMEX rose 1.4% to as low as $ 35.78.

[mynameisandhy]

Oil Down, Hedge Fund Loss Great Company

 

Monday, May 9, 2011

 

Clive Capital, the hedge fund world's largest commodity estimates a loss of more than $ 400 million due to falling oil prices last week

 

The company is headquartered in London, which manages client funds of about $ 5 billion - was the largest of several large hedge funds believed to be shaken after an unexpected sales that hit the market last weekend.

 

Hedge funds such as Astenbeck Capital, a fund run Phibro owner Andrew Hall, predicted a loss of two digits to their portfolio, according to investors.

 

In a letter sent to investors on Friday that obtained by the Financial Times, Clive portfolio fell 8.9 percent within a week after the fall of commodity prices is "extraordinary" on Thursday. Clive said the management was confused to explain what caused the crude oil market to be "destroyed". "Step in Brent represent the standard deviation of about 5, while the WTI is the standard deviation of 4," Clive said in his letter. Standard deviation 5 is a very rare event

[mynameisandhy]

Redeem Oil Correction Last Week

 

Tuesday, May 10, 2011

 

Redeem crude oil contract losses on Monday (05/09) today (10/05). Oil rose 5.5% to stand at the top level of $ 102 per barrel. Fall of last week's fishing commodity buyers back after being down.

Crude oil for June delivery rose $ 5.37 or 5.5% to as low as $ 120.55 per barrel on NYMEX. Earlier, oil briefly rose to a level of $ 103.40 in strengthening the momentum for a few hours ahead of the closure.

 

Strengthening Monday, which returns the price to as low as $ 100 for the first time since the day Wednesday, 04/05), managed to redeem half loss last week. Crude oil fell almost 15% in order to close the week at $ 97.18 per barrel level, as well as a percentage of worst weekly since December 2008.

[mynameisandhy]

Silver Up, Gold Stable

 

Tuesday, May 10, 2011

 

COMEX silver rose as much as 2% on Tuesday (05/10) as well as to continue strengthening over 3 consecutive sessions. Silver helped by fears of debt crisis of Greek affairs, while the gold seemed stable.

COMEX silver rising as much as 2% to as low as $ 37.90, up nearly 7% from the closing last week at $ 35.29. Spot silver fell as much as 0.6% to as low as $ 37.67, after rallying 6% on the previous session (the biggest rise in 6 months). Silver fell more than 25% last week, triggering a sell-off of commodities, especially after the CME Group's COMEX silver contracts raise margins as much as 84% in just 2 weeks.

 

Some investors have returned to the market after a sharp correction in order to make bargain-hunting. Ownership in iShares Silver Trust jumped 3% of 10,253.75 tons. Spot gold gradually fell 0.2% to as low as $ 1,509.85 per ounce. COMEX gold rose as much as 0.5% to as low as $ 1,510.20.

[mynameisandhy]

Gold win for Fourth Day

 

Wednesday, May 11, 2011

 

Gold went up on Wednesday (11/05), also marks the reinforcement for 4 consecutive sessions. Factors supporting the future of high concern to the debt crisis and spike in oil prices.

Spot gold rose 0.2% to as low as $ 1,517.94 per ounce, build a rise in the previous 3 sessions. U.S. Gold futures moved slightly to a level of $ 1,518.30. Greece has denied reports that the country is to discuss aid package worth 60 billion by international lenders.

 

Investors are watching China's inflation data, which is expected tightening could affect the news from Beijing. Spot silver rose as much as 0.9% to as low as $ 38.78 for 4 consecutive sessions. The price of silver on the COMEX rose 0.8% to as low as $ 38.77.

[mynameisandhy]

Duet Gold-Silver Rebound China Post Data

 

Wednesday, May 11, 2011

 

Gold and silver (silver) are both strengthened more than one percent on Wednesday mainly related to concerns over high inflation and shrinking China's economic growth so that the condition is sparking interest in a number of precious metals.

China's economic data one digit inflation, down to 5.3% to annual rate of 5.4% earlier in the month of March. While industrial output also appears below market expectations which only increased by 13.4%.

 

The high inflation and weakening economic growth in China is likely to stem the interest for the risky but instead sustain the attractiveness of gold. Until this news was revealed, the price of gold recorded $ 1523.10 per ounce and continue to build strength during the last three sessions.

[mynameisandhy]

Gold Down A Stronger Dollar Dropping Associated Commodities

 

hursday, May 12, 2011

 

Gold three-day rally stalled after falling on Wednesday, under pressure from the rebound in the dollar and heavy losses in other commodities, although the potential for demand growth from China is expected to contain any fallout.

 

Data from China, a major consumer of silver and the second largest consumer of gold, shows the reported inflation rose more than expected in April, while industrial output slowed.

 

Reversing the previous fall and the dollar rose against the euro, which is under pressure from rising concerns about how European officials will resolve debt problems of Greece and Portugal.

 

Spot gold fell 0.4 percent to $ 1,508.54 an ounce at 13:38 GMT, leaving prices on track to rise 1 percent this week, while the COMEX gold futures for June delivery was down 0.5 percent at $ 1,509.60.

 

"We have a Chinese inflation data this morning, which helped reduce some risk of further monetary policy tightening in China, but as far as gold is still becoming attention, it still traded with a larger market," said analyst VTB Capital, Andrey Kryuchenkov, adding that the rebound in the dollar against foreign currencies has exacerbated a decline.

 

While copper on the London Metal Exchange fell 2.4 percent to $ 8,700 per ton.

 

Spot silver reversed course and fell 3.1 percent to $ 37.26, after earlier climbing as much as 2.7 percent to $ 39.48, fell after rising three days in a row. COMEX silver fell 3.4 percent to $ 37.17.

 

Platinum metals fall in line with the fall of commodity complex. Spot platinum fell 0.7 percent to $ 1,780.49, while palladium fell 1.0 percent to $ 716.05.

[mynameisandhy]

Bloomberg Survey: Investors Reduce Investment Commodity

 

Thursday, May 12, 2011

 

Bloomberg survey found that global investors more pessimistic about the U.S. and world economic growth and plans to hold cash and reduce investment in commodities in the next 6 months.

 

Nearly 1 in 3 people asked said they would hold more cash, while 30% planned to reduce its investment in commodities. Thus the results of quarterly survey by Bloomberg.

 

More than half those surveyed by Bloomberg projected that silver prices will fall more deeply in the next 6 months. 16% said the commodities market is one of the worst return next year.

 

The survey which was held on May 9 to 10 also found the interest of investors towards stock began to decline. U.S. investors, in particular, did not show high interest in investing in stocks in the future, only 37% who said it would raise its stake.

 

Bloomberg's survey was conducted by taking samples of 1263 Bloomberg customers who are investors, analysts and traders.

[mynameisandhy]

Gold and Silver Down

 

Friday, May 13, 2011

 

Spot gold fell in Asian trade. "The weakening of gold seems to be limited by the fact that the gold be the safe-haven instrument is strong," according to an investment analyst at Phillip Futures, Ong Yi Ling.

 

Spot gold traded at $ 1,503.50 per ounce, down $ 3.40 from the closing of New York. Short-term support level for gold at $ 1.480 per ounce. "It should be enough time for investors to re-believe in the silver after the price had dropped," according to Ling. Silver prices had fallen sharply from peak levels last week that nearly $ 50/ons due to increase collateral requirements by CME Group.

 

Support for silver at $ 33/ons at levels 150-day MA. "If silver penetrate this level, could trigger a sell-and silver to continue to decline toward the level of $ 30/ons" Spot silver at $ 34.80/ons, up 18 cents from Thursday's closing level.

[mynameisandhy]

Falling Oil, Euro weakened After Incident IMF

 

Monday, May 16, 2011

 

Crude oil fell more than $ 1/bbl on dollar strength continued widespread, especially vs. the EUR, the news that the IMF chief Dominique Strauss-Kahn - who has been a strong supporter of saving the big European debtors - were arrested on charges of attempted rape will probably put S / T pressure on the euro, analysts said the euro zone finance ministers scheduled to meet at a later date to discuss settlement of the bailout to Portugal and are also expected to discuss Greece's debt position.

 

Oil market is aware of the weakness of the euro against the dollar, even though Strauss-Kahn said the incident may have only a life-term impact as the IMF will continue to function, Newedge Japan Yusuke Seta said, he added support for crude oil is likely to emerge around $ 98 / bbl after selling weight in recent weeks. Nymex June crude down $ 1.10 at $ 98.55/bbl, after hitting an intraday low $ 98.35/bbl; ICE Brent fell 70 cents to $ 113.13/bbl

[mynameisandhy]

Gold Wedged Under $ 1,500 USD Strong Due

 

Gold prices still tend to weaken with a range under $ 1,500 on Monday mainly depressed by the strengthening U.S. dollar (USD) due to concerns over debt crisis the European zone of deepening ahead of a meeting of the Ministers of Finance in the block plus the emergence of news arrest of President of the Fund due to charges of rape.

The spot price of gold slumped more than 0.1% to about $ 1,490 per troy ounce at midmorning on Monday after ending with a flat at the weekend.

 

But according to commodity analysts Natalie Robertson, gold may reverse or behind the rebound from his downfall at the moment and perched above the support level of $ 1,500 until next week. This condition would allow for the safe-haven buying to continue due to continued concerns over the problem menerusnya eurozone debt crisis.

[mynameisandhy]

Crude Oil Continue Destabilization, Crisis Impact Greece

 

Tuesday, May 17, 2011

 

Crude oil prices on trading today (17 / 5) recorded decreased on the second day. Oil weakened since yesterday due to the persistent worries about Europe's financial condition that is expected to experience pressure continued after the approval of the aid package to the Greek economy.

 

In Europe Finance Ministers Meeting which was held yesterday, the EU agreed to disburse aid package amounting to 156 billion dollars in order to overcome the continuing credit crisis in Greece

[mynameisandhy]

Stable Gold, Silver Rebound; Support Asia

 

Tuesday, May 17, 2011

 

Gold held steady on Tuesday and silver rebounded from a 5% fall in the previous session, supported by physical buying in Asia, while investors observe the direction of price movement.

 

"Many people do not have a view of the direction the market will move, and observe closely the movement of the Euro", said Peter Fung, head of the dealing of Wing Fung Precious Metal in Hong Kong.

 

Spot gold moved up 0.2% to as low as $ 1,492.29 pe Rons. U.S. gold contract rose 0.1% to as low as $ 1,492.30.

 

Silver, rose sebanuak 60% from late 2010 to a record level of $ 49.51 I on 28 April. Prices have fallen by more than 30%, to trade at $ 33.79 level. However, prices are still up 9% this year.

[mynameisandhy]

Spot Gold Up, But Under Pressure Tend

 

Wednesday, May 18, 2011

 

Spot gold trading higher as the euro rose against the dollar. But - at least in the short term - commodities including precious metals tend to "stay on the defensive" as the margin increased commitment and enthusiastic data prompt traders and investors to pare exposure to risk and shift back to cash, Fastmarkets.com said.

 

Currency markets can provide additional pressure as the European debt problems burdening the euro, notes analyst James Moore. Spot gold rose 0.5% to trade at $ 1,494.30 / oz. Support graph further expected to be about 1.462 USD / oz, Moore said.