S & P GSCI tracked Material Decline Losses by Corn

Unknown | 20.19 | 0 komentar

Corn fell by 6.3% since midle January 2012, while cotton fell to more than 1 years on May 2012. Gross domestic product in the euro area will decline 0.3 percent this year, the European Commission forecast May 11. Greece will have the deepest contraction, with GDP shrinking 4.7 percent. Fifty-seven percent of investors said at least one nation will leave the euro at the end of the year, according to Bloomberg Global Poll published May 10.
Industrial output

Commodities may rebound as producers of raw materials can not meet increasing demand, said Adrian Day, president of Adrian Day Asset Management in Annapolis, Maryland, which oversees about $ 170 million of assets.

Palladium supplies will lag behind demand through at least 2016, UBS AG said on May 11. Barclays Plc is forecasting shortages of copper and tin this year. U.S. soybean stocks at the end of August 2013 will be 31 percent lower than the previous year, the U.S. Agriculture Department said May 10.

"Commodities remain a good long term investment given the background and the dovish central bank continues to unexpected supply disruptions," said Mihir Worah, who manages Pacific Investment Management Co. 's $ 22000000000 Commodity Real Return Strategy Fund from Newport Beach, California, in e- mails.
Money Flows

Investors pulled $ 815 million of commodity funds in the week ended May 9, according to data from the Cambridge, Massachusetts-based EPFR Global, which tracks the flow of money. That's the biggest outflows this year, said Cameron Brandt, director of research for the EPFR. Dana-gold and precious metals lost $ 467 million.

Gold is now only 1.1 percent higher this year at $ 1,584 per ounce in New York after removing most of its gains. These metals will rally to $ 1,840 within the next six months because he remains a "currency of last choice," said Goldman Sachs Group Inc. commodity analyst in a report May 9.

Gold bullish bets fell 20 percent to 92 498 contracts, the lowest since December 2008, CFTC data showed. Bet on a rally of silver fell 32 percent to 7159, the biggest drop since late December. Gold prices fell 3.7 percent last week, the highest in two months, as the dollar climbed, curbing demand for precious metals as alternative investments. Silver fell 5.1 percent to $ 28.89 per ounce.
Fort Shutters

Fortress Investment Group LLC (Pictures), the public private equity and hedge fund manager first in the U.S., said it would liquidate $ 500 million a commodity fund run by William Callanan after losing nearly 13 percent in four months.

The fort is the third commodity hedge fund shutter in the last six weeks. Billionaire trader John Arnold said in a letter obtained by Bloomberg on May 2 that it planned to close the Centaurus Energy Master Fund in Houston, and Pierre Andurand, who co-runs BlueGold Capital Management LLP, the fund $ 1 billion in London, said last month that client money will be refunded.

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