CME Group Inc. will raise the collateral requirements for trading in benchmark gold, silver, platinu, palladium and natural gas futures contracts, starting at market close Tuesday April 16th. Futures exchanges, like the CME, hike the amount of collateral, or margin, that traders must put forward before then can purchase commodities experience volatile price swings, like we have [...]
Pre-Market Update: Mining Stocks and Precious Metals Take a Beating
April 15, 2013 By
The precious metals are picking up where the left last week off at, and are crashing in the pre-bell session after China reported Q1 GDP grew by only 7.7%, below the 8% economists had forecast. March industrial production misses expectations of 10% growth, rising just 8.9% Pre-bell gold futures have crashed 6.25%, and silver is down [...]
Commodities Best Investment for Q2: Goldman Sachs
March 8, 2013 By
Goldman Sachs is most bullish on commodities for the short term according to the financial powerhouse’s latest asset allocation note. “The recent commodity sell-off related to worries about Chinese growth is overdone in our view, and has left us with a return target over the next three months that is significantly higher than in other [...]
Commodities Calendar: Economic Data and Resource Companies Earnings for Feb. 25- Mar. 1
February 25, 2013 By
The big market news maker this week for the commodities space and beyond will be Fed Chairman Ben Bernanke’s semiannual monetary-policy testimony to Congress this Tuesday and Wednesday. We will be awaiting more cues into the potential unraveling of the latest stimulus as well as suggestions into how effective the Central Bank’s moves have been [...]
ECB Comments Send Commodities Lower
February 8, 2013 By
With the equity markets essentially adrift, commodities headed lower today on comments from ECB President Mario Draghi. His comments were seen as neutral, due to expectations economic activity to pick up in 2013. Draghi was quick to point out serious downside risks remain.
Commodities Market Summary Dec 13th
December 14, 2012 By
Commodities finished mostly lower on “buy the rumor, sell the fact” in the wake of the Federal Reserve’s bond-buying program announcement on Wednesday. Once the enthusiasm faded from the Fed’s move, investors turned their attention to the fiscal cliff, where negotiations between U.S. Lawmakers seem to have stalled. Commodities Price Movers Silver posted its biggest [...]
Commodities Market Recap Dec 12th
December 12, 2012 By
U.S. stocks ended slightly lower, retreating at the end of the trading session as investors reacted to Ben Bernanke’s speech. Before the Fed Chairman took center stage, stocks climbed following the Fed’s announcement of additional stimulus. Earlier the Fed announced that it will add $45 billion in Treasury-note purchases to its $40 billion-a-month purchases of [...]
The Week Ahead: Resource Companies Reporting Earnings and Economic Data That May Impact Commodity Prices: Nov 19-23 2012
November 19, 2012 By
MONDAY, Nov. 19 Resource Companies Reporting Earnings: none Economic Data that may Impact Commodities Prices: 10 a.m. Existing Home Sales; NAHB Housing Market Index. TUESDAY, Nov. 20 Resource Companies Reporting Earnings: Ceres Inc. (NYSE:CERE) Inergy Lp. (NYSE: NRGY) JinkoSolar (NYSE:JKS) Trina Solar (NYSE:TSL) Economic Data that may Impact Commodities Prices: 8:30 a.m. Housing Starts, [...]
The Week Ahead: Resource Companies Reporting Earnings and Economic Data That May Impact Commodity Prices: July 16-20 2012
July 15, 2012 By
MONDAY, July 16 Resource Companies Reporting Earnings: None Economic Data that may impact commodity prices: 8:30 a.m. Retail Sales; Empire Manufacturing 10 a.m. Business Inventories. TUESDAY, July 17 Resource Companies Reporting Earnings McMoran Exploration (NYSE:MMR) Analyst estimates: loss per share of $0.12, Revenue $96.55 mln The Mosaic Company (NYSE:MOS) Analyst Estimates: EPS N/A, Revenue [...]
Weekly Commodities, Resource Stock Recap
June 22, 2012 By
(June 22 2012) Here is a round-up of some of the biggest stories on the commodities market this week. 1.Oil near nine-month low, heads for weekly drop on economic uncertainty.Full story on Bloomberg 2. U.S. Corn Heads for Biggest Weekly Gain in Two-Years. Full story on Reuters 3. Gold Heads for Biggest Weekly Loss Since [...]