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Oil,gold, silver Prices

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Re: Oil,gold, silver Prices

Post by slstock on Sat Dec 05, 2015 10:29 am

Chuti I well know how you try to make your "hits"

Now to relieve myself from the guilt of giving an interval to the thread ( until Nihal next update )


Note Gold today is $1085
It jumped $25 from 2 day ago.
I think this is range bound now ( and should not fall below $1000 in hurry)

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Re: Oil,gold, silver Prices

Post by nihal123 on Sat Dec 05, 2015 2:21 pm

slstock wrote:Kolla kiwwuata Nihal will buy you "Gahe Badu"

chutiputha wrote:Thank U Nihal Ayya...(ඔයා රත්තරන් කොල්ලෙක් නේ)

Thank you chuti

Very Happy

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Re: Oil,gold, silver Prices

Post by කිත්සිරි ද සිල්වා on Sat Dec 05, 2015 5:54 pm

Goldman thinks oil prices could fall another 50%

The oil market is out of whack and Goldman Sachs doesn't see this situation sorting itself out for another year.

In a note to clients on Friday following OPEC's latest production announcement, Goldman's Damien Courvalin wrote that the oil market's supply-and-demand balance won't be restored until the fourth quarter of 2016 at the earliest.

On Friday, OPEC — the 13-member oil cartel — announced that it will look maintain its current rate of production at around 31.5 million barrels per day. (Goldman, for its part, expects OPEC production to come in closer to 31.8 million barrels per day.)


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Re: Oil,gold, silver Prices

Post by slstock on Sat Dec 05, 2015 6:03 pm

I think these guys also think Gold will fall big time .

Oil there is possiblity to fall more due to recent OPEC stand.

කිත්සිරි ද සිල්වා wrote:Goldman thinks oil prices could fall another 50%

The oil market is out of whack and Goldman Sachs doesn't see this situation sorting itself out for another year.

In a note to clients on Friday following OPEC's latest production announcement, Goldman's Damien Courvalin wrote that the oil market's supply-and-demand balance won't be restored until the fourth quarter of 2016 at the earliest.

On Friday, OPEC — the 13-member oil cartel — announced that it will look maintain its current rate of production at around 31.5 million barrels per day. (Goldman, for its part, expects OPEC production to come in closer to 31.8 million barrels per day.)


[url=/news/goldman-thinks-oil-prices-could-194734974.html?ltr=1]Read more[/url]

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Re: Oil,gold, silver Prices

Post by කිත්සිරි ද සිල්වා on Sat Dec 05, 2015 6:17 pm

GOLD I am  not so keen like the Black Gold.  Very Happy
(Two women in my life are not so keen on GOLD but both love to travel).  Very Happy
slstock wrote:I think these guys also think Gold will fall big time .
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Re: Oil,gold, silver Prices

Post by slstock on Sat Dec 05, 2015 6:23 pm

Lucky you.

කිත්සිරි ද සිල්වා wrote:GOLD I am  not so keen like the Black Gold.  Very Happy
(Two women in my life are not so keen on GOLD but both love to travel).  Very Happy
slstock wrote:I think these guys also think Gold will fall big time .

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Re: Oil,gold, silver Prices

Post by Backstage on Sun Dec 06, 2015 10:03 pm

slstock wrote:Lucky you.

කිත්සිරි ද සිල්වා wrote:GOLD I am  not so keen like the Black Gold.  Very Happy
(Two women in my life are not so keen on GOLD but both love to travel).  Very Happy
slstock wrote:I think these guys also think Gold will fall big time .

The two women or them not wanting gold ? Neutral
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Re: Oil,gold, silver Prices

Post by nihal123 on Mon Dec 07, 2015 7:39 am

Futures8:58 PM EST 12/6/2015

-------------- LAST
Crude Oil-------39.61
Brent Crude----43.38
Gold----------1085.4

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Mon Dec 07, 2015 7:39 pm

Futures8:58 AM EST 12/7/2015

-------------- LAST
Crude Oil-------38.60
Brent Crude----42.29
Gold----------1079.3

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Mon Dec 07, 2015 10:52 pm

Futures 12:11 PM EST 12/7/2015

------------- LAST
Crude Oil-------37.98
Brent Crude----41.57
Gold----------1075.9

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by sashimaal on Mon Dec 07, 2015 11:37 pm

Crude crashes to USD 37.50 as at now...

http://www.livecharts.co.uk/MarketCharts/crude.php
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Re: Oil,gold, silver Prices

Post by nihal123 on Tue Dec 08, 2015 1:47 am

-Futures 3:05 PM EST 12/7/2015

------------- LAST
Crude Oil-------37.58
Brent Crude----41.15
Gold----------1070.8

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by කිත්සිරි ද සිල්වා on Tue Dec 08, 2015 6:53 pm

Gold rose on Tuesday as the dollar receded slightly and European shares fell, though expectations that the U.S. Federal Reserve will raise interest rates next week kept the upside in check.

A slide in commodity prices -- particularly crude oil's drop to its lowest in almost seven years as OPEC continues to pump near-record oil to defend market share -- also prevented gold from reaching higher levels.

Further weakness in oil could trigger fears of deflation, a bearish factor for gold that is often seen as a hedge against oil-led inflation.

Spot gold rose 0.3 percent to $1,072.70 an ounce by 1019 GMT, having slid 1.5 percent in the previous session.

U.S. gold futures fell 0.2 percent to $1,073.20 an ounce.

"For gold now it's just a wait and see game. We had a short-covering rally yesterday but it ran out of steam quickly, indicating that the market is still preoccupied with the rate hike," said Saxo Bank's head of commodity strategy Ole Hansen.

"At the same time, though, the market is not prepared to react in terms of cutting exposure until we actually have the news."

European shares fell, while the dollar was down 0.1 percent against a basket of leading currencies, retreating after a two-day rally triggered by strong U.S. non-farm payrolls data on Friday.

Signs that the U.S. labour market is recovering supported market views that the Fed would raise rates for the first time in nearly a decade at its policy meeting on Dec. 15-16.
Higher rates tend to drag on non-interest-paying gold by increasing the opportunity cost of holding the metal, while boosting the dollar.

Bullion has lost about 9.5 percent so far this year, heading for a third straight annual decline, as investors abandon risk-free assets in favour of equities ahead of higher rates in the United States.

Assets in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, tumbled 0.65 percent to 634.63 tonnes on Monday. That is the lowest level since September 2008.

Speculators held a record-high short position in COMEX gold futures and options in the week to Dec. 1, recent data showed.

Elsewhere, China's gold reserves rose by nearly 21 tonnes last month, the biggest purchase since it began disclosing monthly data on the stockpile earlier this year, central bank data showed on Tuesday.

Among other precious metals, silver was up 0.1 percent at $14.29 an ounce, having dropped by 2 percent drop in the previous session. Platinum edged up 0.8 percent to $860.10, after a 3 percent drop on Monday, while palladium was down 0.1 percent at $548.99.


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Re: Oil,gold, silver Prices

Post by sashimaal on Tue Dec 08, 2015 7:15 pm

Crude oil at USD 36.70 levels now...

http://www.livecharts.co.uk/MarketCharts/crude.php
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Re: Oil,gold, silver Prices

Post by nihal123 on Tue Dec 08, 2015 7:17 pm

-Futures 8:35 AM EST 12/8/2015

------------- LAST
Crude Oil-------36.91
Brent Crude----40.47
Gold----------1068.9

Very Happy

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by sashimaal on Tue Dec 08, 2015 9:33 pm

Crude bounces back to USD 38.50 as at now...
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Re: Oil,gold, silver Prices

Post by කිත්සිරි ද සිල්වා on Wed Dec 09, 2015 8:08 pm

Gloomy mood prevails despite calmer commodities

Commodity prices caught a break from a bruising sell-off on Wednesday, helping to put global equities on a slightly steadier footing after a rough week driven by fears over global demand.

The mood was far from euphoric, though, with European markets underperforming and U.S. equity futures edging down. Traders warned that markets were likely to give up their gains throughout the day and investors were preparing portfolios for year-end rather than making major new reallocations.

Economic data offered little to cheer about. China's consumer inflation picked up but remained under the government's 2015 price target of 3 percent. The ripple effects of China's slowdown was evident in Europe, where German imports fell in October and exports also weakened.

"We are in a time when hedge funds are closing their books and people still haven't given up on a rally before the end of the year," said Markus Huber, a London-based trader at Peregrine & Black. "It does not look like Europe can hold onto the (positive) momentum."

European equities were underperforming a broadly flat MSCI All-Country World index .MIWD00000PUS at 1221 GMT. The pan-European FTSEurofirst 300 .FTEU3 was down 0.6 percent, with benchmark indexes in London, Paris and Frankfurt down around 0.2 to 0.9 percent after opening higher.

The euro inched higher and German bond yields were broadly flat. The dollar was down 0.4 percent against a basket of six major currencies .DXY.

Calmer commodity prices helped steady sentiment. U.S. crude CLc1 traded 41 cents higher at $37.92 per barrel and Brent LCOc1 rose to $40.55, a slight respite from a year-long battering for commodities linked to worries about a slowdown in China and emerging markets.

But mining stocks see-sawed, with Anglo American (AAL.L) slumping more than 10 percent to a fresh all-time low.

Highlighting the plight of the broader commodity markets, the Thomson Reuters Core Commodity CRB index .TRJCRB on Tuesday fell to its lowest since November 2002.

Analysts pointed to the weak Chinese yuan as a factor deepening the gloom for commodity exporters.

"A weakening of the CNY sounds alarm bells for the many exporters that worry that Chinese demand will be dampened by a weaker currency," wrote Angus Nicholson, market analyst at IG in Melbourne.

The currency has weakened significantly after China's devaluation in August and the People's Bank of China (PBOC) set the yuan midpoint rate CNY=SACE at a four-year low.

Some still consider the yuan overvalued and expect it weaken further when it joins the IMF's Special Drawing Rights (SDR) currency basket. In theory, the yuan's SDR inclusion would mean the PBOC may have to relinquish some of its control over the currency.

OPEC's decision on Friday not to cut its production target has sparked concerns global oil producers will pump even more crude into an already oversupplied market.


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Re: Oil,gold, silver Prices

Post by nihal123 on Wed Dec 09, 2015 9:26 pm

Futures 10:46 AM EST 12/9/2015

---------------- LAST

Crude Oil---------38.60
Brent Crude------41.47
Gold------------1075.9

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Thu Dec 10, 2015 10:51 pm


Futures      12:10 PM EST 12/10/2015
---------------- LAST

Crude Oil---------36.79
Brent Crude------40.13
Gold------------1072.4

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Fri Dec 11, 2015 5:59 am

Futures7:17 PM EST 12/10/2015

---------------- LAST

Crude Oil---------36.67 $
Brent Crude------39.91 $
Gold------------1070.4 $

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Fri Dec 11, 2015 6:23 pm

Futures7:41 AM EST 12/11/2015

---------------- LAST

Crude Oil---------36.27 $
Brent Crude------39.50 $
Gold------------1064.5 $

http://markets.wsj.com/

http://quotes.wsj.com/futures/CRUDE%20OIL%20-%20ELECTRONIC
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Re: Oil,gold, silver Prices

Post by nihal123 on Fri Dec 11, 2015 10:18 pm

Futures 11:38 AM EST 12/11/2015

--------------- LAST

Crude Oil---------35.78 $
Brent Crude------38.48 $
Gold------------1075.1 $

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by roshana7549 on Sat Dec 12, 2015 10:20 am

Please refer below chart link to understand the Oil price drop in global market.... This is the lowest price for many years and still declining...

Imagine the amount of benefits our companies going to get specially sectors such as Manufacturing, Transport if the Price formula in place ..... As per the news, Pricing formula will be applied soon...

http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=10y

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Re: Oil,gold, silver Prices

Post by slstock on Sat Dec 12, 2015 10:27 am

Yes Roshana, not to mention how this is going to help our balance of payment/imports

Am not sure I feel sorry for many oil rich countries as they are already rich in cash
( except a few) , but this oil drop is doing lot of good.

It may even go towards $30 ( I commented on this before).

I hope the price stays between $30 - 45 for atleast 1 year ( for sake of SL)



roshana7549 wrote:Please refer below chart link to understand the Oil price drop in global market.... This is the lowest price for many years and still declining...

Imagine the amount of benefits our companies going to get specially sectors such as Manufacturing, Transport if the Price formula in place ..... As per the news, Pricing formula will be applied soon...

http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=10y

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Re: Oil,gold, silver Prices

Post by roshana7549 on Sat Dec 12, 2015 10:53 am

Dear SLS, thanks for your valauable comments....

Below news will show the future impact on Oil producing countries....

Nov 12, 2015 (LBO) – Saudi Arabia will go to international bond markets for the first time next year due to low oil prices cramping government revenues, a media report said.

Debt levels could increase to as much as 50 percent of GDP in five years from 6.75 percent this year with this borrowing programme, some officials said.

Pushing oil prices from 115 dollars per barrel last year to below 50 dollars per barrel, Saudi Arabia is leading an OPEC charge against non-OPEC oil producers, especially shale oil producers in the US.

The OPEC price war was expected to deal a knockout blow to shale oil producers and check growth of renewables such as solar and wind power, but shale oil producers have been surprisingly resilient.

Standard & Poor’s last month reduced Saudi Arabia’s ratings from ‘AA-/A-1+’ to ‘A+/A-1’, over the finance deficit which the kingdom’s finance ministry described as “unjustified.”

Source - http://www.lankabusinessonline.com/saudi-arabia-to-go-to-global-bond-market-for-first-time/

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