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Thread: Commodity Section

  1. #1
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    Commodity Section

    Tuesday, March 27, 2012, 19:48


    Supported gold equities approaching the highest level 3 days

    Financeroll - Oil traded near its highest closing level in three days because of an increase in the equity markets triggered indication of poor demand in the U.S. and China.

    West Texas Intermediate oil recovered from earlier losses after the stock market rose, with the Nikkei 225 Average index stocks deleted from the reduction level decreased after the earthquake last year, after Federal Reserve Chairman Ben S. Member Bernanke signaled that he will continue to stimulate the U.S. economy.

    U.S. crude inventories will likely rise to the level of increase in six months in the last week, a Bloomberg News survey showed. Profits of China's industrial enterprises fell in the first two months of this year for the first time since 2009

    Oil trading contracts May shrank by 10 cents traded at $ 106.93 per barrel in electronic trading on the New York Mercantile Exchange at 1 pm London time. Oil ended the trading session up 16 cents yesterday to close at the price of $ 107.03, its highest close since March 21. Oil prices recorded an increase of 8.2 percent this year and leads to a rise in the second quarter.

    Meanwhile, Brent oil trading contracts May traded at the level of $ 125.21, down 44 cents, on the ICE Futures Exchange European. The European benchmark contract premium to West Texas Intermediate oil traded in New York at $ 18.28.

    U.S. crude inventories are expected to increase 2.8 million barrels, or 0.8 percent to 349.1 million barrels in the last seven days until March 23, according to the median estimate of six analysts in a Bloomberg News survey before the Energy Department report tomorrow. Those results will likely be kenjaikan fifth in six weeks. Inventories increased after a delay due to weather along the Gulf of Mexico eased.

    Gasoline stockpiles may be easing as much as 1.7 million barrels and distillates stocks, a category that includes heating oil and diesel, reduced 250 000 barrels, the survey showed.

    American Petroleum Institute will release a separate inventory data today. API collects inventory information on a voluntary basis from operators refineries, bulk terminals and pipeline operator network. Government requires that reports be filed with the Department of Energy for its weekly survey.

    Bernanke cited high levels of long-term unemployment and the wages and working hours under the peak before the crisis in a speech in Arlington, Virginia. Oil rose yesterday after he also said that "continued accommodative monetary policy" to stimulate the economy.

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    Re: Commodity Section

    28/03/2012

    Relatively Unchanged gold, buying and selling of the same movement
    March 28, 2012 5:50 pm
    (Vibiznews - commodity) - Gold prices in the U.S. market relatively unchanged yesterday, but still looks bullish trend, the movement of market power purchases and sales are relatively balanced, the effect of Bernanke's speech was to make the switch to the stock market and commodities, because the U.S. still maintains the level of interest low interest rates and the U.S. handling of the crisis continues.

    April gold fell $ 0.90 to $ 1,684.70 while spot gold fell $ 4.70 to $ 1,685.75.
    Resistance and following the first $ 1,696.90 to $ 1,700,00 to $ 1,679.50 while the support and then to $ 1,670.00.

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    Re: Commodity Section

    28/3/2012 (Oil)

    Oil prices drop from the Top Position

    Esther Meryana | A. Wisnubrata | Wednesday, March 28, 2012 |



    MELBOURNE, KOMPAS.com - Crude oil prices fell from the highest closing price in more than one week in New York as investors bet that rising U.S. inventories of crude oil means fuel demand signal may be disrupted in the country.

    West Texas Intermediate oil price for delivery May shrank 59 cents to 106.74 dollars per barrel in electronic trading on the Nymex, and had been at a price of 106.85 U.S. dollars per barrel at 9:31 pm Wednesday (3/28/2012) time Sydney. At the close Tuesday (27/03/2012) yesterday, oil prices had advanced to the position of 107.33 U.S. dollars per barrel.

    Meanwhile, the price of Brent oil for determination of May shrank 11 cents to 125.54 dollars per barrel on the ICE Futures Europe Exchange, London, Tuesday. Crude oil futures were down 0.6 percent, where it is reduced to the first day of a period of four days.

    The cause of the decline in crude oil prices rising U.S. crude inventories. Data of the American Petroleum Institute said U.S. oil inventories rose 3.6 million barrels last week. Bloomberg survey for a U.S. Energy Department report issued Wednesday plans, estimates of oil inventories rose 2.6 million barrels only.

    Meanwhile, according to MasterCard Inc. report. (MA) 's SpendingPulse, U.S. gasoline demand dropped 1.5 percent last week from the previous week and slipped below the level of consumption for 30 consecutive weeks from the previous year.

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    Re: Commodity Section

    Gold Commodity Section THURSDAY, MARCH 29, 2012

    U.S. Data Tap Gold



    (Dow Jones) Gold futures fell on Wednesday, cut the previous day to the highest rise in two weeks, after data showed U.S. manufacturing goods orders weaker than expected and cautious comments from an ECB official spur the sell-off.

    Bullion lost power along with base metals, crude oil, equities and the euro after a report showed a modest gain despite disappointing, on U.S. durable goods orders in February that sparked a sell-off.

    "There are some dollar strength, as well as the risk of such a day off. We saw a lot of commodities and stocks declined," said Rick Bensignor, chief market strategist at Merlin Securities in New York, as quoted by Reuters.

    Spot gold fell 1.1% at $ 1,662.40 per ounce at the close of the session Wednesday, after hitting its lowest point since March 23 at $ 1,654.80 per ounce, according to Investopedia platform. U.S. gold futures for April delivery fell $ 27 and closed at $ 1,657.90, a decrease of 1.6%.

    On Tuesday, the spot price rose as high as $ 1.697 after the Federal Reserve suggest a continuation of monetary easing may be needed to support growth and reduce unemployment.

    Federal Reserve Chairman Ben Bernanke on Tuesday said it is too early to declare success in the U.S. economic recovery, giving a warning to alert the policy-making even brighter prospects.

    From the technical side, the momentum is fueled by expectations of further monetary easing U.S. fades after prices failed to break through key resistance at $ 1,700 per ounce.

    Also pressing is the gold dollar gains versus the euro as traders focused on comments from ECB official warnings about resolving the debt crisis.

    Cautious comments about the euro zone members of the Governing Council of the European Central Bank Jens Weidmann come before the meeting of ministers of economic affairs and finance in the Copenhagen European Union on Friday and Saturday.

    Nonetheless, the continued expectation of super-loose monetary policy and the continued purchase of official sector support medium-term outlook for gold.

    Goldman Sachs said in a study that, as the price of gold is related to U.S. real interest rates, they may have been depressed from the expectations of stronger growth.

    Demand for physical gold has come under pressure this week from the ongoing demonstrations in India jewelery industry, the world's largest gold consumer, who protested against the increase in duties on bullion.

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    Re: Commodity Section

    Friday, March 30, 2012


    Commodity Section (Oil)

    OIL PRICES
    Oil prices rose for the first time in 3 days
    By Barratut Taqiyyah, Bloomberg -


    SYDNEY. Recorded a rise in the price of oil contracts for the first time in three days in New York. This morning, the price of oil contracts for delivery in May rose 0.6% to U.S. $ 103.35 per barrel on the New York Mercantile Exchange. At 10:03 am Sydney time, the same contract in the position of U.S. $ 103.31 sebarel. Yesterday, oil prices slipped 2.5% to U.S. $ 102.78 per barrel, which is the lowest level since February 16 last.

    The rise in oil prices occurred as investor speculation that the decline in oil prices has been too deep in the middle of the signal sanctions on Iran.

    If calculated, so far this year, oil prices have gone up 4.5%. However, this week, oil prices recorded a decrease of 3.3%.

    Meanwhile, the price of Brent crude for delivery May shrank U.S. $ 1.77, or 1.4% to U.S. $ 122.39 per barrel on the CIE Futures Europe exchange in London.

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    Re: Commodity Section

    Friday, March 30, 2012,


    Sales and Net Exports Lead trimmed Moratorium

    Financeroll - Issuers of state-owned tin mining, PT Timah Tbk (TINS), throughout 2011 net profit of Rp 947.9 billion, down 5% over the previous year to Rp 896.8 milia. Decline in profits due to lower sales volume due to the company involved in the export moratorium triggered price volatility in the second half of last year and rising tax burden. Moratorium agreement between the manufacturer of tin company's sales volume fell 16.13% to 33 971 tonnes from 40 507 tonnes.

    The highest price of tin during 2011, namely U.S. $ 33,255 per ton and the lowest U.S. $ 18,610 U.S. $ per ton. The annual average price of U.S. $ 26,021 per ton, up 27% of the average price of tin in 2010 which amounted to U.S. $ 20,447 per ton. Cost of revenue (cost of goods sold / COGS) rose 5.6% to Rp 6.78 trillion from the end of 2010 amounted to Rp 6.41 trillion. Results were still making gross profit grew 3% to Rp 1.97 trillion from Rp 1.92 trillion.

    The Company also recorded a pretax profit 13% higher compared to 2010 amounting to Rp 1.127 trillion to Rp 1.268 trillion. However, the high tax burden rise to a net profit of the company distress. While capital expenditure allocation of Rp 2.9 trillion to about Rp 1.5 trillion - Rp 1.8 trillion this year. According Abrun, reduction of capital spending that followed the directives of the Ministry of State Owned Enterprises as the shareholder.

    Lead Director, Wachid Usman, said the company will build two types of bucket wheel dredger Dredge (BDW) with a value of approximately U.S. $ 100 million. Construction of these ships in order to increase the production of mining at sea (offshore). Construction of two units of the dredger is a multiyear project.

    Tin sells its products by using a system of contracts yet to follow market prices. Despite the majority of the sales contract term of one year only, this does not make the company free from the risk of price volatility. In trading Thursday, the stock price at Rp 1870 Tin stagnant per share

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    Re: Commodity Section

    Gold Commodity Section
    Friday, March 30, 2012


    Gold Price Could Reach High Positions in 1 Week, Closed Down Light Only


    (Vibiznews - Commodity) - At the close of trading on the New York Mercantile Exchange early this morning in gold prices seem likely to flat from the previous close of trading positions (30/03). Gold prices had declined sharply but it managed to take a rebound after the euro has increased.

    Spot gold prices tumbled sharply in overnight trading due to tired sluggish U.S. stock market. But the euro had gained in the trade last night, and U.S. economic data released last night gives enough confidence in the market. This is again pushing gold prices rebound.

    Spot gold prices ended at the position appears 1661.20 dollars per troy ounce early this morning. Gold prices declined by 1.9 dollars thin from the closing position of the previous trade. Commodity prices had fallen sharply to the position of 1645.05 dollars per troy ounce which is also the lowest position since March 23.

    Analyst Research Vibiz of Vibiz Consulting estimates that the price movement of gold will tend to weaken the conditions for a while. However, the potential for rebound is still open even though it will tend to be technical. It is estimated the current price of gold will experience movement in the range 1620 - 1700 dollars per troy ounce.

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    Re: Commodity Section

    Commodity Section (OIL)
    MONDAY, 02 APRIL 2012

    Top Iraqi oil exports since March 1989


    (Reuters) Iraqi crude oil exports in March was the highest monthly figure in more than two decades and will continue to rise, oil ministry spokesman Assem Jihad, said on Sunday.

    Iraqi oil exports in March reached a level not seen since 1989, Jihad said by telephone.

    A ministry statement said that Iraq's oil exports total 71.827 million barrels of oil last month, the same as the daily average level of 2.317 million barrels per day and generated revenue of 8.475 billion U.S. dollars.

    Average oil price for the month was 118 U.S. dollars per barrel, the statement said.

    March figures are much higher than that released for February, when the bad weather and sabotage of pipelines encourage exports and revenues to their lowest level in at least a year.

    Iraq has huge oil reserves untapped and dependent on oil exports for most of government revenue.

    The country now produces more than three million barrels per day, and Oil Minister Abdelkarim al-Luaybi has said it plans to increase production and exports each year to 3.4 million barrels per day and 2.6 million barrels per day.

    Officials in Baghdad said the country has the ability to produce up to 12 million barrels per day by 2017, although the IMF said the target was too ambitious.

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    Re: Commodity Section

    Gold Commodity Section
    Gold Rises,predictions EU will save Spain
    Friday, April 6, 2012 17:56 PM

    (Vibiznews - Commodity) - The price of gold to trade this afternoon (6/4) recorded an increase. The market seems quite optimistic about the existence of an economic bailout policy of Spain by the European Union which last month had promised would be realized.

    Spot gold rose by 0.2% to 1633.85 dollars per troy ounce with the support level at 1611.85 dollars per troy ounce and resistant level of 1643.4 dollars per troy ounce.

    Strengthening of gold prices has affected positively the price of metal commodities such as silver rose 0.2% to 31.75 dollars per troy ounce and palladium climbed 0.7% to 641.7 dollars per troy ounce.

    According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the gold price movement is expected to be still more likely to rise following the RSI Technical Data currently leads to a level 70 points.

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    Re: Commodity Section

    Gold Commodity

    GOLD PRICE: Deteriorating Labor Data, Gold Up to U.S. $ 1,636.43
    by Newswire
    Saturday, April 7th, 2012

    LONDON: Gold prices on the London Commodity Exchange today Saturday, April 7, 2012 rose for the second day after the addition of data as of March U.S. employment was missed in the estimate.

    Gold for immediate delivery rose 0.3% to U.S. $ 1,636.43 per ounce. New York Commodity Exchange closed yesterday and the price remained at the level of U.S. $ 1,630.10 per ounce.

    U.S. Labor Department yesterday released data nonfarm payroll employment rose by 120,000 or March of the smallest in five months, below the initial estimate of 205 000.

    The data also weaken the U.S. dollar is the direct fulfillment of the terms exceptions raised speculation that the Federal Reserve needed to provide further monetary stimulus.

    "There is a feeling that this required the Fed to disburse monetary stimulus," said Michael Gayed, chief investment officer at Pension Partners LLC in New York.

    "The market is still consistent with the message that the third stage of monetary policy easing is good for gold," he continued. (Bloomberg / BSI)

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