An international report said that a broad basket of goods recorded a decrease is the lowest in 16 years, what led to a significant negative impact on all the gains that have been harvested during the years of the Chinese boom in the first decade of the current millennium. According to the report, which showed "Saxo Bank" a specialist in trade and investment in the world and I followed the "long", the slowdown in demand was not a major cause behind this weakness, but it happened as a result of increased supply at a time when it was not the growth of demand required level, no doubt that increased production of key commodities such as oil, corn, iron ore has not seen in the corresponding growth in demand, which led to the decline of those goods, to make way for the market to achieve some balance between supply and demand.
Gold:
Gold:
report writer Prime strategies Goods Department said in "Saxo Bank" Preliminary Slut Hansen, that investors in gold are looking increasingly to look for other opportunities to invest, and in new areas and sites, has gold arrived during the month of July to the lowest level in several years , due to stimulate the hedge funds to sell-off and the use of investors, exchange-traded funds.
contributed to devaluation in China on August 10 to increase the tension in the air, but at the same time contributed to the impact on the market for up to 1170.
In the near term will continue to gold Resistance amid fraught with tension to see the decisions that will be taken by the Federal Open Market Committee in the United States related to interest rates atmosphere.
The Hansen: "For our part we believe that the risks take an upward path as the uncertainty in the market and the decline in stocks and currencies of emerging markets will increase from demand for alternative investments. The expectations for the end of the year remain unchanged at $ 1275, and will be adjusted down only if we see a clear breach of less than $ 1080. "
Corn:
report confirmed that a sufficient from North and South America supplies that help to promote the stock to separate the next winter and did not get any surprises at the last minute ahead of the harvest we Senlhz limited upward trend of the atom.
Copper:
the largest consumer in the world is the scale President used by the market to detect the level of activity in demand, while exacerbated concerns about slowing more than expected in China we have seen copper fell by one-quarter since May and is priced currently at the lowest level since the recession in 2009
has increased world premiere in anticipation of continued strong demand from emerging markets growth, not least China.
with the decline so far, the response from producers in terms of slowing down the production did not materialize, on this basis we see limited potential to rise, but at the same time the report did not rule out seeing some additional stimulus measures that apply to China. The report also finds that copper is recovering from the current low levels towards US $ 5500 / ton at the end of the year.
Silver:
silver metal influenced more than gold during the last few weeks, the ratio reflecting the cost of one ounce of gold in exchange for an ounce of silver rose to 78, the lowest relative level for silver since the recession of 2009. With the slight recovery of industrial metals expectations before the end of the year sees "Saxo Bank "that silver outperform gold with a declining proportion of about 75, which is based on the gold price of $ 1275, should take silver at $ 17 / oz
Crude oil:
the price to get worse before it further improved at the end of the day, this is the current situation of the oil markets and this is the opinion which confirmed the report.
Oil is currently suffering from a severe increase in the offer to coincide with the desperate Organization "OPEC" for the cash-generating situation, has doubled production while the reversal is expected in shale oil production in the United States has yet to materialize.
The report predicted during the next three months, to diminish demand Refinery US crude oil for seasonal factors, and that will lead to a further increase in US inventories amounting to Currently about 100 million barrels above the five-year average. While the general belief that the crude oil price of $ 40 is unprofitable for many producers in the US. The question is, When will we see this effect in terms of lower production.
The other concern that has emerged in recent weeks is whether it can maintain the optimistic expectations of demand growth due to the absence of the current uncertainty related to China, the largest importer of crude oil in the world. Any amendment down the growth in demand will only increase the accumulation of the exhibits, which leaves room for exposure to further losses by reducing production at the end.
According to the report, we will see by the end of ore General West Texas Intermediate back about $ 55, but can be a trip very bumpy Getting there.
SOURCE
contributed to devaluation in China on August 10 to increase the tension in the air, but at the same time contributed to the impact on the market for up to 1170.
In the near term will continue to gold Resistance amid fraught with tension to see the decisions that will be taken by the Federal Open Market Committee in the United States related to interest rates atmosphere.
The Hansen: "For our part we believe that the risks take an upward path as the uncertainty in the market and the decline in stocks and currencies of emerging markets will increase from demand for alternative investments. The expectations for the end of the year remain unchanged at $ 1275, and will be adjusted down only if we see a clear breach of less than $ 1080. "
Corn:
report confirmed that a sufficient from North and South America supplies that help to promote the stock to separate the next winter and did not get any surprises at the last minute ahead of the harvest we Senlhz limited upward trend of the atom.
Copper:
the largest consumer in the world is the scale President used by the market to detect the level of activity in demand, while exacerbated concerns about slowing more than expected in China we have seen copper fell by one-quarter since May and is priced currently at the lowest level since the recession in 2009
has increased world premiere in anticipation of continued strong demand from emerging markets growth, not least China.
with the decline so far, the response from producers in terms of slowing down the production did not materialize, on this basis we see limited potential to rise, but at the same time the report did not rule out seeing some additional stimulus measures that apply to China. The report also finds that copper is recovering from the current low levels towards US $ 5500 / ton at the end of the year.
Silver:
silver metal influenced more than gold during the last few weeks, the ratio reflecting the cost of one ounce of gold in exchange for an ounce of silver rose to 78, the lowest relative level for silver since the recession of 2009. With the slight recovery of industrial metals expectations before the end of the year sees "Saxo Bank "that silver outperform gold with a declining proportion of about 75, which is based on the gold price of $ 1275, should take silver at $ 17 / oz
Crude oil:
the price to get worse before it further improved at the end of the day, this is the current situation of the oil markets and this is the opinion which confirmed the report.
Oil is currently suffering from a severe increase in the offer to coincide with the desperate Organization "OPEC" for the cash-generating situation, has doubled production while the reversal is expected in shale oil production in the United States has yet to materialize.
The report predicted during the next three months, to diminish demand Refinery US crude oil for seasonal factors, and that will lead to a further increase in US inventories amounting to Currently about 100 million barrels above the five-year average. While the general belief that the crude oil price of $ 40 is unprofitable for many producers in the US. The question is, When will we see this effect in terms of lower production.
The other concern that has emerged in recent weeks is whether it can maintain the optimistic expectations of demand growth due to the absence of the current uncertainty related to China, the largest importer of crude oil in the world. Any amendment down the growth in demand will only increase the accumulation of the exhibits, which leaves room for exposure to further losses by reducing production at the end.
According to the report, we will see by the end of ore General West Texas Intermediate back about $ 55, but can be a trip very bumpy Getting there.
SOURCE