Commodities - General News 03 (Jul 14 - Apr 18)

[winston]

How to Spot the Commodities Recovery First

By PETER KRAUTH

Source: Money Morning

http://moneymorning.com/2015/11/17/how- ... ery-first/

[winston]

Goldman Sachs: Don’t buy commodities even after their selloff

Bank still sees long-term case for holding commodities

Source; Market Watch

http://www.marketwatch.com/story/goldma ... eid=yhoof2

[winston]

Strong dollar hits metals

Base metals fell to multi-year lows yesterday on worries that the surge higher in the dollar, will deter producers from making supply cuts in a market battling poor demand, especially in top user China.

London nickel slid more than 6 percent to its lowest since 2003 and copper fell almost 3 percent to its cheapest in more than six years. Lead touched its lowest since 2010 while aluminum hit the weakest since 2009.

The dollar hit a seven-month high versus the euro, making dollar-priced metals costlier for European and other non-US investors ahead of an expected US interest rate hike in December, which could boost it further.

In China, funds continued to sell metals aggressively on fears that the economy could stumble further, disproportionately hurting metals.

"In the metals sector in China, downstream conditions have continued to deteriorate and with the Lunar holiday period approaching that would suggest demand conditions are only going to soften further," said Nicholas Snowdon, analyst at Standard Chartered.

"In the context of a market waiting for supply side cuts a stronger dollar is only going to weigh on the cost curves and constrain the pace at which cutbacks are made."

Source: REUTERS

[behappyalways]

Harmless commodity crash accelerates as dollar soars
http://www.telegraph.co.uk/finance/comm ... soars.html

[winston]

The commodities super cycle has run its course

Source: Bloomberg

http://thecrux.com/if-china-killed-comm ... o-bury-it/

[winston]

Goldman: Beijing’s Support For Metals At Best Relief Rally

By Shuli Ren

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... ief-rally/

[winston]

How Much Metal Does China Need?

By David Fickling

Copper producers will trim output by 350,000 metric tons next year, equivalent to about 4.4 percent of the country's 2014 levels.

Nickel smelters will slash production by 20 percent, and zinc furnaces will remove the equivalent of 4 percent of global output.

Source: Bloomberg

http://www.bloomberg.com/gadfly/article ... n-it-needs

[winston]

Sign of a bottom — finally — in mining stocks

by Jason Goepfert

Conditions are so bad that two of the leading players just resorted to the last-ditch effort of suspending their dividend payments.

This is an extremely rare occurrence. By the time sentiment has gotten this ugly, it has marked the final exhaustion in the last two down cycles.

Source: SentimenTrader

http://thecrux.com/sign-of-a-bottom-fin ... ng-stocks/

[winston]

Metals and mining fund XME drops more than 50% in 2015.

[winston]

What Comes After The Commodities Bust?

By Leonard Brecken

Source: Trading Report

http://www.thetradingreport.com/2016/01 ... ties-bust/