Silver investor interest ticks higher but not enough to drive prices higher yet- 08-Aug.-2012

Silver investor interest is picking up but is not enough to drive prices higher just yet, said a commodities research note.

mine supply continues to grow on a year-on-year basis while industrial demand is down year-on-year. However, speculative net length by non-commercial futures traders has picked up to the highest level in nearly three months, although it remains below a year ago.

Meanwhile, including closed-end products, inflows into physically backed silver exchange-traded products have reached nearly 730 metric tons for the year to date.“Metal held in trust across all ETPs has climbed to its highest since early May last year.

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MCX News for 13-12-2011

Saudi pumps record 10mbpd crude oil in November, OPEC meeting looms

Updated 12:05:00 IST 13 Dec 2011

Saudi Arabia has pumped an amazing 10 million barrels of crude oil per day in November at a time when countries like Iran and Venezuela are calling for reduced output in order to keep oil prices above $100/barrel

India gold sales jump a massive 30% since September

Investment demand for Gold Bars has risen in India and this is despite jewelry sales appearing subdued given the high price of the precious metal and the separate making charges involved with each piece of jewelry. Investors who had purchased Gold Bars two months ago are dipping into their savings yet again and purchasing bars and coins, said traders.

Commodities may rally after Christmas, fundamentals not so bullish

For the coming week in non ferrous complex copper may remain buoyant as rising cancelled warrants and expectation of higher imports in December due to good arbitrage opportunity may lend support to red metal which may test levels of Rs.420/kg.

India turmeric to remain lower on higher stocks, weak exports

Turmeric futures expected to extend downtrend on Tuesday due to higher stocks from the fresh crop, weak export demand and on expectations of higher production in the next year.

source- commodityonline.com