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09.13
Rubber Decline as Manufacturing Fell Than Forecast and Silver Slump
Written By mine on Selasa, 03 Mei 2011 | 09.13
Rubber declined almost to a six-week low after data showed manufacturing in China, the world?s largest consumer, fell more than economists forecast and as a slump in silver spurred selling of industrial commodities.
The October-delivery contract lost as much as 3.7 percent to 374.6 yen a kilogram ($4,615 a metric ton) on the Tokyo Commodity Exchange, before paring losses to settle at 386.8 yen as the U.S. dollar advanced against the Japanese currency after President Barack Obama said al-Qaeda leader Osama bin Laden had been killed. Futures fell to a six-week low of 372.2 yen in after-hours trade April 27.
The Purchasing Managers? Index fell to 52.9 in April from 53.4 in March, China?s logistics federation and the statistics bureau said in an e-mail yesterday. That was below a median forecast of 53.9 in a Bloomberg News survey of 20 economists. The drop indicated that growth may moderate in the world?s second-biggest economy after the government raised interest rates and allowed faster gains in the yuan.
?The data showing a slowdown in the Chinese economy raised concern that the nation?s raw material demand may weaken,? Kazuhiko Saito, an analyst at broker Fujitomi Co. in Tokyo, said today by phone.
Zhang Liqun, a senior researcher at the State Council?s Development Research Center, said in a statement yesterday that the data show an increased likelihood that growth will slow. China?s gross domestic product expanded 9.7 percent in the first quarter from a year earlier and the World Bank last week forecast a full-year expansion of 9.3 percent.
Fastest Inflation
Premier Wen Jiabao?s government aims to counter the fastest inflation since 2008 and cool a real-estate market that has been at risk of price bubbles. Credit Suisse Group AG says the nation?s fifth increase in benchmark rates since the global financial crisis may come as early as today, a Chinese holiday, less than a month after the previous move.
Rubber was also sold as silver futures on the Comex in New York plunged as much as 13.2 percent, spurring investor sales of industrial raw materials, Saito said. The precious metal slumped as CME Group Inc., the Comex parent, increased the minimum amount of cash that traders must deposit for speculative trades.
Silver for July delivery dropped to $42.2 an ounce before trading at $44.825 an ounce at 3:52 p.m. Tokyo time. The CME increased the so-called initial margin by 13 percent to $14,513 per contract from $12,825 after the close of business on Friday. Margins were $4,250 a year ago.
Weak Yen
The yen weakened against the dollar, raising the appeal of yen-denominated futures, after Laden?s killing was announced. The yen slipped as much as 0.6 percent to 81.69 per dollar from 81.19 on April 29.
Rubber also declined amid speculation that supply from Southeast Asian producers will expand, Saito said. Natural rubber output will increase in the coming weeks as farmers resume harvesting after the traditional low-production season, easing a ?tightness? in global supplies, the Association of Natural Rubber Producing Countries said in a report last week.
Production from its member countries, representing 92 percent of global supply, may climb 10.5 percent to 2.3 million tons in the three months through June, the group said in a monthly bulletin. Output in the first quarter is estimated to have advanced 6.1 percent to 2.27 million tons, the group said.
The October-delivery contract lost as much as 3.7 percent to 374.6 yen a kilogram ($4,615 a metric ton) on the Tokyo Commodity Exchange, before paring losses to settle at 386.8 yen as the U.S. dollar advanced against the Japanese currency after President Barack Obama said al-Qaeda leader Osama bin Laden had been killed. Futures fell to a six-week low of 372.2 yen in after-hours trade April 27.
The Purchasing Managers? Index fell to 52.9 in April from 53.4 in March, China?s logistics federation and the statistics bureau said in an e-mail yesterday. That was below a median forecast of 53.9 in a Bloomberg News survey of 20 economists. The drop indicated that growth may moderate in the world?s second-biggest economy after the government raised interest rates and allowed faster gains in the yuan.
?The data showing a slowdown in the Chinese economy raised concern that the nation?s raw material demand may weaken,? Kazuhiko Saito, an analyst at broker Fujitomi Co. in Tokyo, said today by phone.
Zhang Liqun, a senior researcher at the State Council?s Development Research Center, said in a statement yesterday that the data show an increased likelihood that growth will slow. China?s gross domestic product expanded 9.7 percent in the first quarter from a year earlier and the World Bank last week forecast a full-year expansion of 9.3 percent.
Fastest Inflation
Premier Wen Jiabao?s government aims to counter the fastest inflation since 2008 and cool a real-estate market that has been at risk of price bubbles. Credit Suisse Group AG says the nation?s fifth increase in benchmark rates since the global financial crisis may come as early as today, a Chinese holiday, less than a month after the previous move.
Rubber was also sold as silver futures on the Comex in New York plunged as much as 13.2 percent, spurring investor sales of industrial raw materials, Saito said. The precious metal slumped as CME Group Inc., the Comex parent, increased the minimum amount of cash that traders must deposit for speculative trades.
Silver for July delivery dropped to $42.2 an ounce before trading at $44.825 an ounce at 3:52 p.m. Tokyo time. The CME increased the so-called initial margin by 13 percent to $14,513 per contract from $12,825 after the close of business on Friday. Margins were $4,250 a year ago.
Weak Yen
The yen weakened against the dollar, raising the appeal of yen-denominated futures, after Laden?s killing was announced. The yen slipped as much as 0.6 percent to 81.69 per dollar from 81.19 on April 29.
Rubber also declined amid speculation that supply from Southeast Asian producers will expand, Saito said. Natural rubber output will increase in the coming weeks as farmers resume harvesting after the traditional low-production season, easing a ?tightness? in global supplies, the Association of Natural Rubber Producing Countries said in a report last week.
Production from its member countries, representing 92 percent of global supply, may climb 10.5 percent to 2.3 million tons in the three months through June, the group said in a monthly bulletin. Output in the first quarter is estimated to have advanced 6.1 percent to 2.27 million tons, the group said.
15.05
Exchange Traded Funds Silver Prices 2011 drive by Investors Bullion Product
Written By mine on Selasa, 28 Desember 2010 | 15.05
Silver ETFs or Exchange Traded Funds are going to glitter in 2011 driven by the investor appetite for silver bullion products. A massive surge in investment demand for Silver ETFs in 2010 points to a lucky inning for silver in the New Year.
According to a report from BNP Paribas, Silver ETF inflows and other implied investment in silver bullion stand at 103 million ounces this year. BNP sees a surge in Silver ETF investment in 2011.
Investment demand in silver has increased with the advent of exchange-traded funds and the most popular of those are usually physically backed, meaning they will buy metal and store it in secure vaults. As easily as that metal can go into storage, it can come out, causing swings in physical supply.
As of mid-December silver held in exchange-traded funds reached a record 15,251 metric tons. One metric ton equals 32,150 troy ounces, so that calculates to over 490 million ounces held.
CPM Group forecasts silver mine production in 2011 at 769.8 million ounces.
As the year nears to a close, it is apt to check out which among the precious metals has been the shining commodity of 2010. Of course, gold?the hottest commodity around?has been glittering throughout this year. But silver and exchange traded funds (ETFs) in silver have outshone Gold ETFs in 2010.
As the bull run in commodities continues, a lot has been written about silver, the poor man?s gold. The price of the white metal touched 30-year high in 2010, as industrial and investment options for silver has been increasing.
According to precious metals expert Jeffrey Christian, CEO of CPM Group in New York, silver is the hottest commodity around these days because ?it is an industrial metal in short supply and with tighter supplies than gold.?
?There are a couple of billion ounces of bullion in world gold reserves; about half held by central banks, the other half held by investors. Silver doesn't have those kinds of stocks lying around in bullion form any more, and that makes it a lot more interesting,? pointed out Christian.
ETFs in commodities are the latest investment craze by people across continents. While Gold ETFs have bagged headlines in 2010, Silver ETFs have not been far behind as investors bullish on the white metal have been pumping money into the exchange traded funds in silver.
Precious metals experts say that since silver price is very volatile, gains out of investing in the metal has been solid compared to gold. Investors in 2010 have reaped rich dividends?upto nearly 70%--out of putting their money in leading global silver ETFs like IShares Silver Trust, ProShares Ultra Silver etc.
According to latest data, the Silver ETF in iShares Silver Trust has jumped by an unprecedented 70% this year, driven by the investor fascination and confidence for silver. By comparison, the SPDR Gold Trust, the world?s largest gold fund, clocked only around 285% appreciation for investors.
Following are some of the hottest Silver ETFs dominating the silver investing market globally:
iShares Silver Trust Fund (SLV)
E-TRACS CMCI Silver ETN (USV)
ETFS Physical Silver Shares ETF (SIVR)
PowerShares DB Silver Fund (DBS)
ProShares Ultra Silver ETF (AGQ)
ProShares UltraShort Silver ETF (ZSL)
COMEX Silver Bear Plus ETF (HZD-TSX)
COMEX Silver Bull Plus ETF (HZU-TSX)
COMEX Silver ETF (HUZ-TSX)
ETFS Leveraged Silver ETF (LSIL-LSE)
ETFS Physical Silver ETF (PHAG-LSE)
ETFS Physical Silver Sterling ETF (PHSP-LSE)
ETFS Short Silver ETF (SSIL-LSE)
ETFS Silver ETF (SLVR-LSE)
Silver for immediate delivery rose 0.9 percent to $29.5013 an ounce. Silver holdings in exchange-traded products, or ETPs, were unchanged at 15,073 metric tons yesterday, data from four providers show. Holdings reached 15,172 tons on Dec. 17, the highest level since at least February.
According to a report from BNP Paribas, Silver ETF inflows and other implied investment in silver bullion stand at 103 million ounces this year. BNP sees a surge in Silver ETF investment in 2011.
Investment demand in silver has increased with the advent of exchange-traded funds and the most popular of those are usually physically backed, meaning they will buy metal and store it in secure vaults. As easily as that metal can go into storage, it can come out, causing swings in physical supply.
As of mid-December silver held in exchange-traded funds reached a record 15,251 metric tons. One metric ton equals 32,150 troy ounces, so that calculates to over 490 million ounces held.
CPM Group forecasts silver mine production in 2011 at 769.8 million ounces.
As the year nears to a close, it is apt to check out which among the precious metals has been the shining commodity of 2010. Of course, gold?the hottest commodity around?has been glittering throughout this year. But silver and exchange traded funds (ETFs) in silver have outshone Gold ETFs in 2010.
As the bull run in commodities continues, a lot has been written about silver, the poor man?s gold. The price of the white metal touched 30-year high in 2010, as industrial and investment options for silver has been increasing.
According to precious metals expert Jeffrey Christian, CEO of CPM Group in New York, silver is the hottest commodity around these days because ?it is an industrial metal in short supply and with tighter supplies than gold.?
?There are a couple of billion ounces of bullion in world gold reserves; about half held by central banks, the other half held by investors. Silver doesn't have those kinds of stocks lying around in bullion form any more, and that makes it a lot more interesting,? pointed out Christian.
ETFs in commodities are the latest investment craze by people across continents. While Gold ETFs have bagged headlines in 2010, Silver ETFs have not been far behind as investors bullish on the white metal have been pumping money into the exchange traded funds in silver.
Precious metals experts say that since silver price is very volatile, gains out of investing in the metal has been solid compared to gold. Investors in 2010 have reaped rich dividends?upto nearly 70%--out of putting their money in leading global silver ETFs like IShares Silver Trust, ProShares Ultra Silver etc.
According to latest data, the Silver ETF in iShares Silver Trust has jumped by an unprecedented 70% this year, driven by the investor fascination and confidence for silver. By comparison, the SPDR Gold Trust, the world?s largest gold fund, clocked only around 285% appreciation for investors.
Following are some of the hottest Silver ETFs dominating the silver investing market globally:
iShares Silver Trust Fund (SLV)
E-TRACS CMCI Silver ETN (USV)
ETFS Physical Silver Shares ETF (SIVR)
PowerShares DB Silver Fund (DBS)
ProShares Ultra Silver ETF (AGQ)
ProShares UltraShort Silver ETF (ZSL)
COMEX Silver Bear Plus ETF (HZD-TSX)
COMEX Silver Bull Plus ETF (HZU-TSX)
COMEX Silver ETF (HUZ-TSX)
ETFS Leveraged Silver ETF (LSIL-LSE)
ETFS Physical Silver ETF (PHAG-LSE)
ETFS Physical Silver Sterling ETF (PHSP-LSE)
ETFS Short Silver ETF (SSIL-LSE)
ETFS Silver ETF (SLVR-LSE)
Silver for immediate delivery rose 0.9 percent to $29.5013 an ounce. Silver holdings in exchange-traded products, or ETPs, were unchanged at 15,073 metric tons yesterday, data from four providers show. Holdings reached 15,172 tons on Dec. 17, the highest level since at least February.
07.38
Silver and Gold Prices per Ounce Cool as Investors Intepreted in Trend Movement
Written By mine on Senin, 13 Desember 2010 | 07.38
Silver prices and gold price per ounce continue to cool as investors continue the trend of movement and economic news should be interpreted. Yesterday the market indicators ended the session mixed. The end of the day close for the Dow Jones Industrials ended in the red by 0.08% and settled at 11,370. Remained green and the Nasdaq ended the day by 0.26% at 2,616.67.
The S & P 500 ended in the green and by 0.34% and closed the session at 1,233.00. The ten year Treasury note yield ended at 3.22% yesterday. The dollar got strength of the euro yesterday. Gold floor price per ounce yesterday ended the session at $ 1,392.80 an ounce for February delivery. Silver floor price contract for March delivery ended the session at $ 28.82 an ounce.
In previous months the dollar is trending lower and commodity prices are rising. Recently, however, the dollar gains strength because of volatility in the other world. The inverse relationship between the dollar and precious metals commodity values in play. In addition, investors put offside as they decipher the outcomes associated with increased rate opportunities in China. Interpreting all the variables at play which make it difficult at this time and investment volume is lower due. Investors will be open to hearing more details on the Obama / GOP tax deal as many are viewing this as a different type of stimulus injection. It must affect the dollar and precious metals commodity prices.
gold and silver price december 10 all time high silver price cost of gold as of december 10th december 10 2010 gold value per gram december silver price gold per gram dec 2010 gold prices per ounce predictions price of silverm per ounce dec 10 trend of silver in the last two years gold price movement last week projection of silver prices price silver 2011 projection long term trend in metals price projected precious metals performance 2011 long term silver forecast weekly report of commodity market war inpect on gold silvr price nickel silver-base metals
Gold settled higher inflation concerns and weaker Treasury yields lured buyers back into the safe haven asset.
The news reinforced gold prices as investors tend to buy gold to hedge against inflation. Falling yields on Treasurys also encouraged investors back into the gold market. Gold continued long term to attract buyers, with open interest in June 2011 and December 2011 contracts gaining ground in recent days.
Gold opened the day at 20,511. A bounce after the solid employment data took us to an intraday high of 20,644. Dollar strength and a weaker market for treasury encouraged sales in the metal, takes us to a low of 20,502.
Gold finally settled the day at 20615.Now support for the gold MCX is seen at 20530 and below could see a test of 20,445.
Resistance is now likely to see at 20,672, a move above prices testing 20729.
Trading Ideas in 24 October 2010
Gold trading range is 20,445 to 20,729.
Yesterday gold settled higher on inflation concerns
Gold looks at support at 20,530 and resistance at 20,672 take.
Spdr gold business confidence fell by 1.52 tonnes to 1293.78 tonnes
The S & P 500 ended in the green and by 0.34% and closed the session at 1,233.00. The ten year Treasury note yield ended at 3.22% yesterday. The dollar got strength of the euro yesterday. Gold floor price per ounce yesterday ended the session at $ 1,392.80 an ounce for February delivery. Silver floor price contract for March delivery ended the session at $ 28.82 an ounce.
In previous months the dollar is trending lower and commodity prices are rising. Recently, however, the dollar gains strength because of volatility in the other world. The inverse relationship between the dollar and precious metals commodity values in play. In addition, investors put offside as they decipher the outcomes associated with increased rate opportunities in China. Interpreting all the variables at play which make it difficult at this time and investment volume is lower due. Investors will be open to hearing more details on the Obama / GOP tax deal as many are viewing this as a different type of stimulus injection. It must affect the dollar and precious metals commodity prices.
gold and silver price december 10 all time high silver price cost of gold as of december 10th december 10 2010 gold value per gram december silver price gold per gram dec 2010 gold prices per ounce predictions price of silverm per ounce dec 10 trend of silver in the last two years gold price movement last week projection of silver prices price silver 2011 projection long term trend in metals price projected precious metals performance 2011 long term silver forecast weekly report of commodity market war inpect on gold silvr price nickel silver-base metals
Gold settled higher inflation concerns and weaker Treasury yields lured buyers back into the safe haven asset.
The news reinforced gold prices as investors tend to buy gold to hedge against inflation. Falling yields on Treasurys also encouraged investors back into the gold market. Gold continued long term to attract buyers, with open interest in June 2011 and December 2011 contracts gaining ground in recent days.
Gold opened the day at 20,511. A bounce after the solid employment data took us to an intraday high of 20,644. Dollar strength and a weaker market for treasury encouraged sales in the metal, takes us to a low of 20,502.
Gold finally settled the day at 20615.Now support for the gold MCX is seen at 20530 and below could see a test of 20,445.
Resistance is now likely to see at 20,672, a move above prices testing 20729.
Trading Ideas in 24 October 2010
Gold trading range is 20,445 to 20,729.
Yesterday gold settled higher on inflation concerns
Gold looks at support at 20,530 and resistance at 20,672 take.
Spdr gold business confidence fell by 1.52 tonnes to 1293.78 tonnes
