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Friday 28 October 2011

Commodity News on 28-Oct-2011

  • MCX cardamom tumbles 2.68% on arrival pressure
  • Cardamom futures traded down on Friday due to rising arrivals from the fresh crop amid
  • NCDEX chana drops 1.09% on profit taking
  • India soybean weakens on ample supply
  • NCDEX November jeera jumps 1.53%
  • NCDEX wheat plunges 1.73% on production concerns
  • NCDEX jeera edges higher on bargain buying
  • Gold set to crash to $1000/oz in 3 years on potential surplus
  • MCX gold trades lower on positive US Q3 GDP
  • Bullish factors remain dominant for gold: Martin Murenbeeld
  • ‘Gold prices to shoot up from $1723.8 to $1,900/oz in 2012
  • Exxon Mobil Q3 profit surges 40% to $10.33 billion on higher oil prices
  • Is US biofuel production going to double in a decade?
  • WTI crude oil to hit $105: BofAML
  • U.S. could provide 71% of world's Biofuels by 2021



India GDP growth to beat China by 2013: Ernst&Young
With the Indian GDP slowing down and inflation rising, some may not believe the India Story, but by 2013, India could actually overtake China in terms of GDP growth. A report by Ernst& Young forecasts Indian GDP to be at 9.5% in 2013 and 9% in 2014 while China slows down to 9% and 8.6% respectively.

'Gold miners Q3 results to attract investors'
The end of 2011 is a golden opportunity to participate in an anticipated upside for mining equities, says Tocqueville Asset Management Senior Managing Director John Hathaway. In this exclusive interview, Hathaway predicted that once investors realize higher gold prices will stick, they will take a chance on the big upside waiting in the junior and senior space.
Gold set to crash to $1000/oz in 3 years on potential surplus
Gold may be headed downward to $1000 an ounce within three years as a potential surplus in the commodity will see lower prices as investor demand saps off, according to Christoph Eibl, founding partner of Tiberius Asset Management said in an interview to Reuters

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