All About Commodity

[mynameisandhy]

Dollar hunted as a safe haven, the contract price of gold fell

 

Friday, November 25, 2011

 

Gold futures recorded a decline in the world today. At 14:14 pm Singapore time, the contract price of gold for fast delivery fell 0.5% to U.S. $ 1686.60 per troy ounce on the Comex in New York. Meanwhile, the price of gold contract for February delivery fell 0.5% to U.S. $ 1689.60 per troy ounce.

 

Decrease in the contract price of gold occurs after investors hunt dollar as a safe haven to protect their wealth from the threat of European debt crisis. The condition is of course cut the demand for gold.

 

"The price of gold seems to be transacted dropped today because the U.S. dollar became the target. Investors hunt safe haven as the dollar and took off his ownership of gold," said David Lennox, resources analyst at Fat Prophets in Sydney.

 

Just a reminder, the contract price of gold hit a record high on September 6 at the level of U.S. $ 1921.15 per troy ounce.

[mynameisandhy]

U.S. Oil Gains in Asia

 

Monday, November 28, 2011

 

U.S. crude oil rose in Asian trade on Monday (28/11) after Germany and France make a radical way to make the integration of the EU fiscal.

 

U.S. crude oil, light sweet crude rose U.S. $ 1.49 to U.S. $ 98.26 per barrel through electronic trading on the New York Mercantile Exchange (NYMEX). While Brent crude rose 89 cents to U.S. $ 107.29 per barrel in London.

 

 

Investors become optimistic about the new measures in Europe in addressing the debt crisis. Both countries are aware of no support if only to change the agreement. Finally, they encourage fiscal integration.

 

European Union finance ministers will meet next Tuesday. They will discuss the operational rules are detailed in the bailout policy. In the meeting it is expected that the new breakthrough agreement.

 

Euro exchange rate in Asia engaged in the trade are thin, so remove the increase in the last week. The Nikkei index rose to 1.3%.

[mynameisandhy]

Gold prices Predicted will continue to climb

 

Tuesday, November 29, 2011

 

SINGAPORE. Gold futures are expected to register gains in the second day. At 14:49 pm Singapore time, the price of gold in the spot market at the level of U.S. $ 1712.90 per troy ounce. In the previous transaction, the gold price was down 0.3%. Yesterday, gold prices had climbed 1.7%, which is the biggest gain in two weeks.

 

Well, today's gold price increases fueled by optimism that policy makers in Europe are working hard to resolve the debt crisis in Europe, thereby reducing demand for U.S. dollars.

 

"Investors can not be too optimistic or too bullish on the commodities market with the global economic situation such as this. Mengukung problem is not only Europe, but also the U.S. and China," said Jeremy Friesen, commodity strategist at Societe Generale SA from Hong Kong.

 

The rise in gold prices is also in line with the surge that occurred in the stock market and commodities.

[mynameisandhy]

Gold sought again as save heaven

 

Wednesday, November 30, 2011

 

Gold rose kelevel highs in the last 3 days and move towards a second monthly gain, while the highest ownership rises as investors kelevel seeking perlindugnan against European and U.S. debt crisis.

Gold for contracts that will soon end up 0.7% to $ 1,727.50 per ounce, the highest since Nov. 18 of $ 1,721. Throughout this month, gold has gained 0.4% and move towards the strengthening of the eleventh annual. Futures contracts for delivery in February rose 0.4% to $ 1,725.40 an ounce on the Comex in New York.

Yesterday debt ratings of Bank of America Corp.., Goldman Sachs Group Inc.., And Citigroup Inc. lowered by Standard & Poor's 500, triggering a weakening stock. Meanwhile in Europe attempt to expand funding down € 1 trillion ($ 1.3 trillion), although policy makers have approved the expansion of the European Financial Stability Facility.

Cash silver fell 0.3% to $ 31.8625 per ounce, spot platinum was down 0.3% to $ 1,531.25 per ounce, and palladium fell 0.6% to $ 582 per ounce.

[mynameisandhy]

Gold Steady Above $ 1745

 

Thursday, December 1, 2011

 

Gold spot prices traded steady on Thursday, continuing a rally above 1.7% yesterday after the introduction of coordinated steps from the world's major central banks to boost liquidity of the dollar sparked a rally in commodities and stocks.

 

Gold closed the month of November with a performance gain by 1.9%, an increase in 7 consecutive months during the year. Gold is still observed so far gained 0.07%, to as low as $ 1747, after reaching the highest point on the daily level of $ 1,754.06, while the lowest level today at $ 1741.24.

 

Technically speaking, intraday bias remains bullish gold target area at least $ 1770 - $ 1800 in the short term, but still needed strong penetration resistance above $ 1,753 to trigger further bullish momentum. Turning again under the area of ​​$ 1725, can provide the current bullish outlook and potentially alter the technical outlook for continued consolidation in the neutral area of ​​the Fibonacci retracement of 38.2% to 61.8% drawn from the swing high swing low $ 1921 up to $ 1,532.

[mynameisandhy]

Crude Oil Futures Gains Related to Middle East tensions

 

Friday, December 2, 2011

 

Oil rose sharply as investors anticipate an increase in U.S. labor markets at the same time the existence of tensions between Iran and Western countries has the potential to disrupt oil exports from the Middle East.

 

Crude oil futures rose 0.79% observed so far to as low as $ 101.02 per barrel, while as of earlier this week oil has rocketed 4.3% since European governments to tighten sanctions against Iran, which is the second largest oil producer in OPEC.

 

Fluctuations in oil prices is likely to be influenced by Iran's geopolitical factors, but in the short term are likely to respond to changes in U.S. employment data, if the report indicated the level of unemployment is still high, then the oil is still likely to sag again before rising further.

[mynameisandhy]

Long-Term, Gold Bullish

 

Monday, December 5, 2011

 

Gold prices traded steady on Monday (05/12). Market participants are still awaiting the results of the eurozone meeting so many investors hold the position.

 

Today, French President Nicholas Sarkozy and German Chancellor Angela Merkel will meet to harmonize their respective visions. After that, the focus turned to a meeting of the European Central Bank (ECB) on Thursday and the EU summit ahead of the weekend. Although financial markets rallied last week thanks to the initiative of six central banks, the results of this summit is much greater.

 

Spot gold moved in the range of $ 1,743-1744.95 per ounce after rising nearly 4% on the previous week. While the United States Gold edged down 0.1% to as low as $ 1,749.10. Precious metals have the potential to rise higher in the short term.

 

Negative effects for the medium term decline in inflation came from China. Monetary easing Beijing's being done in order to boost the performance of manufacturing which dropped in November. On that basis, giving authority to the looseness of monetary policy support such as trimming the number Statutory Reserves last week. Easing of monetary policy suggests that the government is comfortable with the current inflation rate, a negative for gold.

 

For a longer period of time, the prospect of actually getting brighter gold. "Demand Korea's central bank last week is a sign that the proper collection of gold and help the world price level," said Paul A. Ebeling Jr., author and expert on financial investments. Bank of Korea bought 15 metric tons of gold from the London market is divided into several separate occasions. Thus, the total reserves of bullion banks had reached 54.4 tonnes till November. When news of this writing, spot gold was observed at $ 1,744.80 per ounce.

[mynameisandhy]

Gold Still Depressed Over Europe Progress Reduce Demand

 

Tuesday, December 6, 2011

 

Gold futures weakened on Monday as optimism toward resolution of the European sovereign debt crisis spurred the strengthening of global stock markets, thereby reducing the demand for investment in precious metals.

 

Some ideas to improve the situation in Europe is still shrinking investment potential of gold as a safe haven, but there are still some factors that reduce optimism, which is likely to downgrade agency Standard & Poor's in 6 European countries which have triple-A ratings, including Germany.

 

Technically, gold intraday bias remains neutral because we get a signal on the MACD indicator and stochastic conflict. MACD crosses up has indicated an intermediate trend has turned upward, but the slow stochastic indicates short-term gold still has the potential to decline before rebounding, at least after short-term area in 1705.

 

On the upside, resistance appears in the area nearest 1725, through the above areas should be added to pressure test the area of ​​strong resistance bullish 1740.

[mynameisandhy]

Gold Soar After Two Days Consolidated

 

Wednesday, December 7, 2011

 

Gold futures continued consolidation in a relatively narrow trading range, after two days of soaring gold prices fell again today due to anticipation of investors ahead of a European central bank meeting tomorrow.

 

The weakening of the previous Gold rating downgrade was triggered by a threat of some core European countries which have triple-A credit rating, which resulted in tensions and trigger the market actors weakening commodity prices such as gold.

 

The prospect of ECB interest rate cuts and strong purchasing gold reserves by central banks to date makes it difficult to experience the Golden major correction.

 

Technically monthly stochastic Gold gives a short term buy signal on the trigger by the success of to stay above the psychological level of $ 1,600 for three months so that the potential for short-term rally for this December.

[mynameisandhy]

Gold fell on concern investors will be the European crisis

 

Thursday, December 08, 2011

 

Gold fell today on concern whether European leaders can handle a crisis or not on Friday. Hope for a better plan in crisis management thinning, especially Germany issued pessimistic comments add to tensions in European banks.

Disappointing results may occur and weaken the financial markets but also to make gold as a commodity is cheap and risky.

Gold prices fell 0.3 percent to 1739.09 per ounce after narrowly won in the previous session. While the U.S. gold corrected at the level of 1743.50 dollars.

Investors are waiting for the policy of the European Central Bank held a meeting today with the hope of the Bank Setral purchasing power will intensify assistance to countries in trouble. European Central Bank expected to cut the ratio and providing assistance to distressed banks there.

Purchasing power in Asia sluggish as most market participants are still awaiting decisions on Europe to get a clearer direction again.

With three weeks left this year, many stores are closing early, leaving the market with low volume and volatile.

Ownership SDPR Gold Trust, the biggest gold bourse in the world, fell 2.117 tonnes to 1295.811 tonnes on 7 December after stable and unchanged for the last three sessions.

Palladium rose to 686 dollars per ounce in the previous session, its highest level since last September. Prices rose to 674.50 dollars, up 0.2 percent from the previous close.

In other markets, Asian stocks fell due to the debt situation of Europe and uero who also fell ahead of a meeting of the European Central Bank expected to cut the ratio by 25 basis points.

[mynameisandhy]

Brent was under $ 108 following a dubious EU Summit

 

Friday, December 9, 2011

 

Brent dropped today to 108 dollars per barrel among European policy makers concerns will not reach an agreement in the response to the crisis and will create market demand decreases.

 

Hopes for a solution of the debt crisis is lost after the European Union failed to assist 27 countries are experiencing difficulties and create a new policy by tightening budgets.

 

This occurred a day after the European Central Bank dashed hopes of cutting the ratio that has been previously expected, very lame when compared to economic data indicated an increase by the state's biggest oil consumer, the U.S. and China

 

Brent fell 39 cents to 107.72 dollars a barrel after falling along with the dollar before. The contract approved here at 1:42 the dollar fell to 108.11 dollars per barrel. U.S. oil fell 30 cents to 98.04 dollars after falling more than 2 dollars yesterday due to news from the European Central Bank.

 

For this week, Brent contract fell about 3 percent, to stop the rise last week.

 

Oil futures and other commodities fell, while the euro also came under pressure as the news spread outside Europe.

[mynameisandhy]

Gold: Free Fall Due Sentiment

 

Monday, December 12, 2011

 

Gold prices tumbled again on Monday (12/12). Market participants are pessimistic about the effectiveness of the European agreement last Friday that investors away from commodities and buying dollars.

 

February gold futures fell $ 25.30, or 1.5% to as low as $ 1.692 per ounce in electronic trading session of the European time. Gold fell to below the psychological level of $ 1.700 in Asian trade. However, investors can hunt for loopholes to get current prices tend to oversold.

 

Price correction this time the gain denying that obtains from the regular trading session on Friday on the Nymex. Tracked the dollar index rose to 79.02 from the level recorded in North American trading session on Friday (78 622). Positive performance of the dollar price of gold weighed.

 

European stock markets also fell on Monday after Moody's Investors Service stated that the resolution of Europe last week did not have a major impact for efforts to solving the crisis. Thus, credit rating in many European countries still betting. Sentiment is bad for gold increasingly strong after an analyst doubted the prospects of demand from developing countries. Given China's inflation data last week showed a sharp decline and India cut its growth target countries for the financial year ended March 2012. Gold is currently monitored at the level of $ 1,679 per ounce (Reuters charts).

[mynameisandhy]

Gold will fall by the "Head-and-shoulder '

 

Tuesday, December 13, 2011

 

Until the afternoon session in Asian trade Tuesday (13/12), the world gold prices recorded in the range of $ 1,655-an, having slipped down to $ 1652.10 and has recorded a decrease of more than 3%.

 

Gold declined mainly due to the strengthening of the dollar after the world market again pessimistic about European leaders are judged to be sufficiently strong and decisive in taking policy to address the debt crisis in the EU summit last weekend.

 

Technically speaking, the pattern of bearish trend on the graph will bring Gold (XAU =) probably dropped to $ 100 from current levels. In the short term, gold will move down at least to the area of ​​$ 1640 and $ 1.620 to $ 1.600, or even more. Pattern should be wary of head-and-shoulder gold prices are heading indicates a low level in September or below $ 1.550 per ounce.

 

In addition, the market is now difficult to expect gold to be recovered quickly rebounded as indicators of daily Stochastic and Moving Average: 7.14 and 30 confirmed bearish.

[mynameisandhy]

Gold steady amid slow Europe

 

Thursday, December 15, 2011

 

Gold steady today after falling 3.5 percent in the previous session, but the price is still low in the range of two and a half months because investors are still worried about the European crisis that could bring down prices at the end of the year.

 

Asian markets, the euro and commodity slowly rose from the decline due to fears of a widespread crisis that Italy also raise their loan rates. Pessimism will make the European zone of gold fell to its lowest point in September. Other metals such as silver and platinum also fell drastically due to the slow economic growth.

 

Gold rose 0.1 percent to 1576.20 dollars per ounce, after experiencing its largest daily decline for nearly three months. U.S. gold fell 0.5 percent to 1.579 dollars. Meanwhile, investors wait for the Spanish bond auction today, as well as sales data for manufacturing, handling the crisis to reach agreement.

 

Prices tend to vary by the end of the year because many people who decided to close the yearbook and move toward the market, hoping to start better.

 

In addition to the up and down the gold price, exchange SPDR Gold Trust, the biggest gold storage company in the world, unchanged at the level of 1,294,765 tons by December 14. Gold reserves fell 0.6 tons compared to a decrease in gold prices as much as 8 percent.

[mynameisandhy]

Gold Rise on Weekends

 

Friday, December 16, 2011

 

Gold futures began to recover in the trading session on Friday (16/12). Some of the reasons behind the weakening gold last few hours.

 

Throughout this week, gold has been dragged down by worries of investors against the European crisis. If the first precious metal is seen as an ideal safe haven, now faded charm in the middle of dollar appreciation.

 

In addition triggered by global concerns, the weakening trend of gold investment carried at the end of the year. Many investment institutions began to cut positions and liquidate holdings to seek a balance sheet. The higher the level of losses on assets other risky investments, the greater the volume of the removed position.

 

Dollar tumbled since yesterday despite some positive data was released. Spanish bond auction results are good so that helped support the euro exchange rate USD began to fall. Deutshe Bank and Credit Agricole seen that the gold correction so far do not reflect the real prospect in the future. Negative real interest rates, fundamental risk and volatility in the stock market strongly support the increase. Agricole even mention there are 3 important factors to shore up prices, which is still high interest in the physical as well as the action of central banks and the entire stock capital. It's still coupled with the possibility of quantitative easing and asset diversification requirements of investment managers.

 

Gold for February delivery rose $ 10.90 (0.7%) to as low as $ 1,588.00 per ounce. Precious metals successful anti-inflation erodes the weekly loss to about 7.5% (data FactSet). When news of this writing, gold was at $ 1591.20 per ounce with a daily high at $ 1592 (MetaTrader chart).

[mynameisandhy]

Irani Try Mute Oil Decrease

 

Monday, December 19, 2011

 

Try reducing the decline in oil prices in the London session as investors reconsider the possibility of Iranian oil embargo. Oil could touch 92.75 dollars a ragged due to the strengthening the appeal of commodities. Mighty dollar after the death of North Korean leader Kim Jong-il; anxious investors who will control the nuclear state.

 

Europe's debt problem has not letup also impose on the performance of black gold. Fitch credit rating outlook has been revised French; Moody's credit rating even lower due to anxiety Belgium absence of a solution to end the debt crisis. Investors are now waiting for the results of the teleconference meeting of euro zone finance ministers to look for further clues to the plan's debt crisis.

 

However, investors are also worried about the outlook for supplies as we get evidence of Iranian oil embargo. Indian companies have started talks with other oil suppliers to replace oil imports from Iran. South Korea prohibits investment in Iran's oil and gas sector as well as to blacklist some Iranian officials. Last week, the U.S. Congress also loloskan laws that allow the imposition of sanctions on Iran, including a broader energy and financial sectors.

[mynameisandhy]

Gold Still Bearish Bias

 

Tuesday, December 20, 2011

 

Gold began creeping up close to resistance at 1618.95. CCI in the 4-hour chart's seen already in the overbought area. As long as prices remained below the 1618.95 then the bias will remain bearish for gold so that the emergence of a bearish signal in a state like this now will likely be followed by a bearish move down to support at 1587.85. Breakdown of support would be bearish pressure increase up to 1560.05.

 

Beware of upward acceleration 1618.95 because it has the potential to push gold up to the next resistance at 1650.05.

[mynameisandhy]

Gold advanced to its highest level in a week

 

Wednesday, December 21, 2011

 

The price of gold advanced to its highest level in a week. U.S. economic data releases and Germany that exceeded predictions, leading to positive sentiment in the market, thereby reducing investor demand for the dollar as safe haven currencies.

 

Cash bullion (physical gold) rallied for a second day, and rose by 0.8% to the position of U.S. $ 1628.30 per troy ounce. This is the highest price since December 14. Meanwhile, at 11:07 am in Singapore, traded at U.S. $ 1627.30 per troy ounce. Meanwhile, gold contract for February delivery on the Comex rose 0.7% to as low as U.S. $ 1629.60 per troy ounce.

 

German business confidence index rose in December for the second month. Meanwhile, housing data in the U.S. in November and then rose to its highest level for over a year.

 

These positive data push dollar positions close to lows against the euro a week. The dollar also weakened before the European Central Bank today announced the results of a three-year loan related to the first stage. These loans are aimed to guarantee the banks in the euro area have access to funding amid the debt crisis.

 

"The weakening U.S. dollar have boosted demand for gold. The stock market and commodities moving optimistic following positive economic data," said Lachlan Shaw, an analyst at Commonwealth Bank of Australia.

[mynameisandhy]

Strengthen the Middle East Oil Situation

 

Thursday, December 22, 2011

Oil prices rose on the New York session as investors worried about the disruption of supplies from the Middle East. The clash between the Sunnis with the Shiites have sparked a bombing in Baghdad kills 57 people. This is the biggest upheaval in Iraq after the withdrawal of U.S. troops. The situation in Iraq began to deteriorate after Prime Minister Nuri al-Maliki fired two Sunni leaders in government.

 

Meanwhile, Iranian state television reported navy of the Islamic Republic will begin war games in the Strait of Hormuz starting Saturday. Exercise was performed for 10 days starting from the east of the Strait of Hormuz to the Gulf of Eden. In Kazakhstan, KazMunaiGas express will meet the target of lower oil production after the police secure the oil refinery hit by riots this week.

 

Analysts say the worsening situation in the Middle East can trigger fears of disruption of supplies from Iraq's oil producers and Kazakhstan as well as the threat of Iranian oil embargo. "The development of geopolitics in the Middle East oil will sustain performance. Quite clearly, investors anticipate worsening situations in the middle of the Middle East," said David Wech, head of research at JBC Energy.

[mynameisandhy]

Gold weakened by selling in the ETF

 

Friday, December 23, 2011

 

Gold futures fell for the third time in four trading sessions in the session last Thursday as a sell on Exchange Traded Funds and increasing the U.S. labor market.

 

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $ 1,606.35 per troy ounce in the U.S. during the last trading down 0.45 percent. previously had touched the level of $ 1618.55 and below 1599.65 level.

 

The low trading volumes ahead of the holidays combined with the sales of gold bullion ETF based on the metal pressing down on the session.

 

Positive employment data from the U.S. jobless claims fell to their lowest level since April 2008 increase the risk appetite to trigger a sell the precious metal.

 

In addition to other trading on the Comex, Silver March delivery traded down 0.41 percent at the price of $ 29.13 per troy ounce, while copper for delivery in March rose 0.76 percent traded at the price of $ 3.42 per pound.

[mynameisandhy]

Crude Oil Prices Week Ending Up Thin; Volume Lonely

 

December 26, 2011

 

In late trading in New York Mercantile Exchange late last week the price of crude oil that had penetrated 100 dollars back slip (26/12). Yet oil prices still managed to stay in positive territory, ending little changed ahead of Christmas holidays.

 

There is little real news that drives the market, but analysts said that the optimism in the market and "short covering" traders ahead of the holidays in general help keep the price level.

 

New York's main contract, light sweet crude for delivery in February, closed 15 cents higher from Thursday to 99.68 dollars per barrel.

 

Brent North Sea crude for February delivery added seven cents to 107.96 dollars in London.

 

U.S. jobless claims numbers are encouraging on Thursday continued to affect the perception that the economy is increasing the speed, traders said. However, due to the Christmas holiday season and the light trading volume.

 

While the Russian oil company, Tatneft, say, has ceased operations in Syria, where at least 40 people were killed on Friday in a suicide bomb attack in the capital Damascus.

[mynameisandhy]

European Interbank Money Market Liquidity Press Gold Under $ 1600

 

Tuesday, December 27, 2011

 

Gold futures fell below $ 1,600 per troy ounce in thin trading conditions ahead of the volume end of the year, as investment managers close the book and wait and see attitude for a new beginning in January.

 

Observed so far for February Gold contract, traded down -0.56% to as low as $ 1,597.48 per troy ounce, after reaching its lowest level daily at $ 1,591.74 per troy ounce of gold at once is the lowest level since December 19. Technically, Gold likely to find short-term technical support in the range of $ 1,585.65 (lowest December 19), while the top side, closest resistance level look at the area of ​​$ 1,615.55 (highest December 23).

 

Gold trading volume was thin, as the closure of Australia's financial markets, Hong Kong, New Zealand and England, at the same time investors are still reluctant to take risks before the new year given the anxiety that the eurozone debt crisis maish large enough.

 

Rating agency Standard & Poor's rating downgrade is not yet announced the 15-nation European region are still in negative observation. Two independent ratings of Europe believes that pruning will not diberkan until at least January 2012.

 

Gold in recent months has been depressed, due to fading safe-haven appeal of gold as investors tend to prefer the U.S. dollar as a hedge instrument choice in value amid concerns that European debt crisis deepened. Overall sales of hedge funds at year end and tight liquidity in the European Interbank money markets has led to the downfall of Gold.

[mynameisandhy]

Semester I, 2012, Oil Predicted Translucent to $ 120

 

Wednesday, December 28, 2011

 

Crude oil futures rose moderately likely in 2012. The combination of European debt crisis and economic political conditions in the Middle East will still be the primary engine.

 

European debt problems and political tensions Arab countries vulnerable disturbing level of demand and supply volumes. Furthermore, price movements can be more wild because of the deteriorating political sentiment. Iran, for example, the third largest exporter of the world is threatened subject to sanctions due to nuclear development project.

 

Nevertheless, the prospects remain favorable given the price of the U.S. economy (U.S.) on the rise. The world's biggest energy consumer needs more supplies to support his business twisted. While the level of demand from Europe certainly decreased. So it is with China, which was feeling the economic slowdown after the triumph of industry. Especially for China, if not there was something special next year, this country's economic growth would not be too low compared to 2011. So it will not drop drastically reduced because government policies tend to be protective of the wheel business.

 

James Cordier, Finance Manager Optionsellers.com, Fla., estimates that the price is the culmination of about $ 120 per barrel in June or July. Projection refers to the holiday season and summer spree in the United States, the usual push up fuel consumption levels. Cordier also predicts the 2012 lows at $ 85 per barrel.

 

Oil prices have gained 9% so far this year (until December 23). But most of the time spent under $ 100 oil caused a lot of sentiment shaken.

[mynameisandhy]

China Petro - Afghanistan signature in front of Oil Cooperation

 

Thursday, December 29, 2011

 

For the first time in history, Chinese oil companies to establish energy cooperation with the Afghan government. Is the China Petroleum Corp. (CNPC), which has won a mining project in northern regions of Afghanistan.

 

The deal valued at $ 400 million has been signed by both parties. Cooperation is expected to give an income of $ 7 billion to CNPC in the future. "This is a historic day for Afghanistan," said Wahidullah Shahrani, Minister of Mines.

 

Own exploration of land located in areas that are relatively safe and is estimated to contain 80 million barrels of oil. CNPC managed to beat the rival producers from major countries like the United States (U.S.), Britain and Australia. China Corporate dared to offer a greater value on government contracts than rivals. As for sharing the results of the drilling was 85% for the Afghan government and the remaining 15% to CNPC.

 

Exploration land size is not large for the company of CNPC. But the deal is expected to be a milestone in greater cooperation in the future. Moreover, the energy ministry Afghanistan claimed that his country still contains 1.6 billion barrels of oil that has not been processed. This amount does not for the Arab and U.S. oil reserves are estimated at 266 billion barrels and 20 billion barrels. But the content of other minerals such as metals and iron in the soil of Afghanistan is quite high. Not to be calculated with other materials whose existence is quite rare on earth.

[mynameisandhy]

Commodities will Risen Next Year

 

Friday, December 30, 2011

 

In 2011 became one of the worst period for the world's major commodities. Many of the components dropped sharply, but still some are able to survive in the midst of a sell.

 

Some commodities started the year with optimism, panning for gold is 30% during 2010 and silver rose to 84%. No wonder so many observers see an opportunity for gold surged to $ 2,000, silver penetrates $ 50 per ounce and average oil reached $ 100 per barrel. But none of the predictions that proved to the end of this year.

 

Oil and gold was up the strengthening of the smallest in recent years. Even worse report card ready to be printed by silver, copper, platinum, palladium, wheat, soybeans, cotton, cocoa and sugar, which should swallow up double-digit decline. Natural gas should be decreased even by 30% throughout 2011.

 

"Commodities are very sensitive to recent economic developments, but the price of gold and some commodities are able to survive," said analyst Tim Franklin Gold and Precious Metals Fund. Gold futures recorded 8.4% higher this year, while oil rose 9.1%. However, trading volume is much lower than last year.

 

For next year, some commodities likely to strengthen as the climate of economic recovery in the United States (U.S.). "Wriggling of the U.S. economy begins then to Asia and China, it can sustain global demand," commentator John Person, president of NationalFutures.com. While in Japan, the country is also recovering after earthquake disaster. Commodity steel, copper and coal are needed to build infrastructure. Person to be bullish on crude oil and agricultural sectors.