Newmont’s Peru Gold Mine Needs ‘Substantive Improvements’

Newmont’s Peru Gold Mine Needs ‘Substantive Improvements’ - Bloomberg


Newmont Mining Corp. (NEM)’s suspended $4.8 billion gold project in Peru needs “substantive improvements” to gain approval, according to the author of a government-commissioned study. “There’s no such thing as zero impact, the project requires substantive improvements,” Rafael Fernandez, who co- wrote a study on Minas Conga that was delivered to the government today, said at a press conference in Lima.

German Bunds Fall on German Confidence data, Spanish Sale

German Bunds Fall on German Confidence data, Spanish Sale - Bloomberg


Spain’s bonds led gains among the government securities of Europe’s most indebted nations after the country raised more than its maximum target at a bill sale. Italian and Portuguese securities also advanced. Germany’s bonds dropped as an industry report showed investor confidence in Europe’s largest economy unexpectedly improved in April, damping demand for safer investments. Bunds also fell after European consumer prices rose faster than earlier estimated. The extra yield investors demand to hold Spanish 10-year bonds instead of bunds shrank for the first time in three days.

OIL FUTURES: Nymex Crude Gains 1.2% Awaiting Seaway Pipeline Move - WSJ.com

OIL FUTURES: Nymex Crude Gains 1.2% Awaiting Seaway Pipeline Move - WSJ.com


NEW YORK (Dow Jones)--U.S. crude futures settled up 1.2% Tuesday as investors looked to a coming pipeline reversal that is expected to bring U.S. oil in line with global prices. The Seaway pipeline reversal, designed to help ease a supply glut in Cushing, Okla., that has been depressing U.S. prices, will begin delivering crude to the Gulf Coast refinery belt in a month, or two weeks earlier than expected.

Yen slips as risk currencies stage bounce | Reuters

Yen slips as risk currencies stage bounce | Reuters


(Reuters) - The yen fell broadly on Wednesday, extending its slip from a seven-week high against the dollar hit earlier this week, as a revival in risk appetite saw Wall Street score its biggest gains in a month.

Most commodity prices rise as a successful debt sale by Spain raises hopes for the economy

Most commodity prices rise as a successful debt sale by Spain raises hopes for the economy - The Washington Post

Most commodity prices rose slightly Tuesday after successful debt auctions by Spain and a string of solid U.S. corporate earnings

Grain Commentary: Almost There!

Inside Futures: Relevant trading-focused information authored by key players in the futures, options and forex industries

Monday's lower grain prices came on the back of weather reports of ample Midwest weekend rains to help emergence on early planted grain – that and a 6- to 10-day drier outlook that will  get farmers off to a  fast pace on planting.

Morning Softs 4/17/12

Inside Futures: Relevant trading-focused information authored by key players in the futures, options and forex industries

General Comments: Futures were lower in all three markets on fears about the Chinese and world economies and ideas of big production in Brazil. Charts suggest that futures began a new down leg yesterday in New York and Sao Paulo. Traders still anticipate big offers of Coffee from producers, but offers remained low last week due to poor prices. Most traders are looking for big production in Brazil to keep futures under pressure. Demand has improved after the recent move lower and speculators remain very short. Also, traders there talk about increased domestic demand in Brazil and other origin countries and do not anticipate an increased offer for export this year despite the potentially bigger crop. Traders note that the drop in futures has allowed some roasters to increase buying in cash markets. Brazil coffee areas appear to be in good condition under generally good weather. Differentials in all of Latin America remain strong.

USD Index Threatens Broader Trend, Sterling Eyes Fresh 2012 Highs

Inside Futures: Relevant trading-focused information authored by key players in the futures, options and forex industries

 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.12 percent lower from the open after moving 70 percent of its average true range, and we may see the reserve currency track lower over the remainder of the week as it trades back within the downward trending channel from the beginning of the month. However, we will be closely watching the 30-minute relative strength index over the next 24-hours of trading as there appears to be a bullish divergence in the oscillator, and the technical development certainly foreshadows a short-term rebound for the index, which should preserve support around 9,900. In turn, we may see the dollar regain its footing going into the middle of the week, but risk-trends are expected to dictate price action for the greenback as the economic docket remains fairly light over the coming days.

Gold: 3 Signs Will Confirm the Bottom

Gold: 3 Signs Will Confirm the Bottom - Forbes

The ongoing downside move in physical gold and the SPDR Gold Trust (GLD) may still have more room to travel, but these three chart and volume signals will confirm when the correction is over.

VIX rebound indicates trader anxiety

VIX rebound indicates trader anxiety

Last week was a volatile one for equity indexes, with big pullbacks on Monday and Tuesday, big rebounds on Wednesday and Thursday and another pullback on Friday making it the most bearish week of 2012, as various indicators turned moderately bearish for the first time since Feb. 3, 2012. This was only the second moderately bearish indication since mid-October of 2011.

Corn, soybeans, wheat sent lower by weather, supplies

Corn, soybeans, wheat sent lower by weather, supplies

Rainfall was seen as beneficial in the corn market on Monday. Coverage and amounts were more than impressive from the weekend rain event that moved through. No system is 100% good coverage, but looking at a map of totals certainly suggests major help for some of the driest areas. This rain will cause some planters to begin moving that were waiting for moisture before getting started.

Obama asks for more ‘cops on the beat’ to monitor oil market

Obama asks for more ‘cops on the beat’ to monitor oil market

April 17 (Bloomberg) -- President Barack Obama will call on Congress to bolster federal supervision of oil markets, including bigger penalties for market manipulation and greater power for regulators to increase the amount of money traders must put up to back their energy bets.

IMF raises global economic growth forecast to 3.5% from 3.3%

IMF raises global economic growth forecast to 3.5% from 3.3%

April 17 (Bloomberg) -- The International Monetary Fund raised its global growth forecast, with the U.S. boosting the outlook while recent improvements remain “very fragile.”