Precious Metals Update Three reasons to be positive on silver in 2016 Silver’s prospects will remain closely tied to those of gold in 2016. While Fed tightening and renewed dollar strength should continue to weigh on the prices of gold and silver over the next year or... 8th January 2016 · 1 min read
Precious Metals Update Gold price to rally in 2016 despite US headwinds We expect further Fed tightening and renewed dollar strength to continue to weigh on the price of gold over the next year or so. Nonetheless, we still see scope for a partial recovery driven by a... 5th January 2016 · 1 min read
Commodities Chart Pack A mixed December closes a bleak year for commodities Broad commodity indices fell in December on the back of plummeting oil prices. But outside of energy, commodities withstood the first Fed rate hike in ten years better than many had anticipated... 4th January 2016 · 1 min read
Commodities Update Our six key themes for commodity markets in 2016 2015 has of course been a difficult year for those, ourselves included, who have had anything positive to say about commodities. We will publish detailed predictions for 2016 early in January after a... 23rd December 2015 · 1 min read
Precious Metals Update Precious metals supply to tighten as currency boost fades Falls in currencies of major producers have played a key role in cushioning mining companies’ margins in recent years. However, with the prices of most precious metals trading below production costs... 22nd December 2015 · 1 min read
Precious Metals Update Weak industrial demand continues to weigh on US silver trade US imports of semi-manufactured silver remained subdued in September, suggesting that industrial demand is yet to recover. In contrast, investors continued to buy into falling prices, boosting demand... 21st December 2015 · 1 min read
Metals Focus PGM prices to benefit from tighter emission control standards We expect platinum group metals (PGMs) demand from the auto industry to pick up over the coming years on the back of more stringent emission control standards globally and growing car ownership rates... 21st December 2015 · 1 min read
Commodities Update Are commodity markets right to shrug off the Fed? The muted responses in commodity markets to the first hike in US interest rates since 2006 are atribute to the clear communications of the Fed and, in our view, largely justified. Looking forward... 17th December 2015 · 1 min read
Commodities Update Not all doom & gloom for commodities Although the S&P GSCI Commodity Index has fallen to its lowest level since the financial crisis over the past month, it hasn’t been all doom and gloom for commodity prices. Indeed, despite the slide... 15th December 2015 · 1 min read
Industrial Metals Update Investor sentiment towards PMs still fragile The prices of precious metals (PMs) have continued to fall since mid-November. While expectations for a December rate hike by the Fed and a strong dollar have been among the biggest catalysts for... 14th December 2015 · 1 min read
Commodities Weekly Near-term risks abound, but oil should recover in 2016 Brent crude's renewed slide below $40 per barrel was the damning verdict on OPEC's failure to agree on a number even for what is largely a notional output target. In principle, prices could keep... 11th December 2015 · 1 min read
Precious Metals Update Shrinking mine supply to bolster silver prices in 2016 After twelve years of increases, we expect mine supply to be broadly flat in 2015 and to decline by 3% in 2016 due to shrinking margins and production cuts across the industrial metals industry. While... 11th December 2015 · 1 min read
Precious Metals Update Retail investment to help support silver prices Expectations for a December rate hike by the Fed and a strong dollar have seen the price of silver fall to the lowest level in over six years. But, all is not lost: low prices have triggered a strong... 9th December 2015 · 1 min read
Metals Data Response World Gold Official Reserves (Oct.) Global central banks continued to add gold to their reserves in October, albeit at a slower pace. However, preliminary data for November suggest that the slump in gold prices might have stimulated... 9th December 2015 · 1 min read
Metals Data Response South Africa’s Mine Production (Oct.) South Africa’s PGM production rose in October after three months of declines. However, labour disruptions and weak prices have forced the largest miners to restructure and cut their capital... 8th December 2015 · 1 min read
Commodities Weekly Oil prices to recover next year, whatever OPEC targets We, and we suspect many others, are still trying to work out exactly what OPEC decided at Friday’s meeting. Usually reliable sources have reported that OPEC has agreed to raise its output target from... 4th December 2015 · 1 min read
