-
Join 617 other subscribers
The MasterFeeds’ Twitter Feed
Tweets by MasterFeedTags
Africa Agriculture Asia bailout Banks Berkshire Hathaway bonds Brazil canada CapitalMarkets CBO central_banks chavez china Citigroup Commodities copper credit debt default Dollars economics EIA elections EU Euro FED Finance food ForEx France FX Gold goldman Gold Silver government Hedge funds HFT IFTTT India insider trading international relations Israel Japan Jobs LatAm Markets MasterFeeds metals Middle East Mining money Mongolia News NYSE Oil PDVSA recession SEC Silver Stats stocks SWF TARP Tech Trade trading Twitter UN Uncategorized United States USA Venezuela war zerohedgeMeta
MasterTech Blog
Categories
Archives
Tag Archives: Gold
Ever wonder how much money there is in the world?
Courtesy of: The Money Project
Sharevar addthis_config = { ui_cobrand: “The MasterFeeds” } http://s7.addthis.com/js/250/addthis_widget.js#username=masterblog
_________________________________
Read it on The MasterFeeds
Morgan Stanley’s #Commodities Outlook – Business Insider
MORGAN STANLEY: This Is What The The World’s 14 Most Important Commodities Will Do
With the growing global population increasingly demanding goods, many financial advisors have advised clients to invest in commodities. Morgan Stanley’s commodities team led by Hussein Allidina favors soybeans, corn, and wheat as poor weather conditions slam supplies.
They also like precious metals, particularly gold and silver, as loose monetary policy sends investors seeking something with more stable value. In fact, Morgan Stanley recently called the Federal Reserve’s latest action a game changer for the yellow metal.
What follows are Morgan Stanley’s opinions and price targets for 14 major commodities.
Brent oil continues to be affected by geopolitical tensions
Projected 2012 average: $110 /bbl
2013 price: $115 /bbl
Middle East unrest and and easy central bank monetary policies continue to support oil prices, though softer fundamentals heading into 4Q12 should weaken year-end crude prices. Risks are skewed to the upside for 2013.
Source: Morgan Stanley
Natural gas supplies will tighten by the end of the year, eventually sending prices higher
Projected 2012 average: $2.74 /mmBtu
2013 price: $4.00 /mmBtu
Oversupply continues to weigh, but slowing gas-directed drilling may begin to help tighten balances by late 2012.
Aluminum prices will stay at low levels due to oversupply and too much production
Sean Gallup/Getty Images
Projected 2012 average: $2,100 /MT
2013 price: $2,200 /MT
Very high global inventory and excessive production capacity will lead to up to two years of headwinds.
Source: Morgan Stanley
Copper prices will lead the industrial metals due to supply concerns
Projected 2012 average: $7,900 /MT
2013 price: $8,300 /MT
Supply difficulties will keep copper prices elevated — the global inventory pipeline remains soft.
Source: Morgan Stanley
Nickel supplies remain high, but price risk is to the upside
Projected 2012 average: $17,800 /MT
2013 price: $18,300 /MT
Supply risks from any new project delays and the impact of developments in Indonesia will keep the market primed for a price rally.
Source: Morgan Stanley
Zinc will continue to suffer from oversupply for several more quarters
Projected 2012 average: $2,000 /MT
2013 price: $2,100 /MT
Record-high inventories at the current rates of demand weigh on prices, but production is slowing.
Source: Morgan Stanley
Gold is the best commodity to own right now
Projected 2012 average: $1,677 /oz
2013 price: $1,816 /oz
Interest rates, risk aversion and strong physical market fundamentals will serve as tailwinds.
Source: Morgan Stanley
Silver prices will be supported by the same forces fueling gold’s rally
Projected 2012 average: $32 /oz
2013 price: $35 /oz
Negative real interest rates will limit downside price risk.
Source: Morgan Stanley
Platinum lacks the safe-haven status of gold or silver
Projected 2012 average: $1,554 /oz
2013 price: $1,715 /oz
Platinum lacks safe haven status and has limited investment demand. Slowing global GDP and lower discretionary spending remain headwinds.
Source: Morgan Stanley
See the full list here: Morgan Stanley’s Commodities Outlook – Business Insider
_________________________________
Read it on The MasterFeeds
Posted in Agriculture, Commodities, Gold, metals, News, Oil, Silver
Tagged Agriculture, Commodities, Gold, metals, News, Oil, Silver