A sustainable rally for commodities in the longer run can only be driven by demand growth rather than supply cuts, and so far strong demand is lacking in this rally. Continue reading Will the rally in base metals continue or fizzle out?
MCX Zinc prices are trading at 9-year high. Hindustan Zinc is highly positive correlated with MCX Zinc prices. Stock trading near all-time high Continue reading Chart: MCX Zinc and Hindustan Zinc at multi-year high
Riken Mehta Follow me on Twitter @mehtariken Corn prices have witnessed a roller-coaster ride in last 2 years. After hitting a record high of USD 842.38 per bushel in August 2012, US corn future prices have plunged more than 60 percent to hit a fresh five year low this month. Record prices in 2012 lured farmers to harvest more corn in the following years thereby … Continue reading Corn Prices at 5-year low; Sukhjit Starch to benefit
While crude prices came off, foreign institutional investors pumped in a net of Rs 1,162 crore into Indian equities, which is expected to help the Central government and the Reserve Bank of India to rein in fiscal deficit and inflation. Continue reading Chart of the day: Brent crude Vs Nifty in past 3 years
Riken Mehta moneycontrol.com Follow me on Twitter @mehtariken After outperforming equities a handsome margin in FY13, gold lost much of its ‘safe haven’ sheen last year, and ended up lagging the Sensex. Prospects for the yellow metal, in comparison to equities, do not look too bright this year too. Investors are betting on a global economic recovery later this year. Also, the Fed is expected to … Continue reading CHART: Gold vs Sensex between last Akshaya Tritiya and now
Riken Mehta moneycontrol.com Follow me on Twitter @mehtariken Shares of tyre and footwear companies have rallied over the last three months on weakening rubber prices. Rubber prices crashed to a 3 ½-year low last week on heavy imports by local tyre companies. Domestic farmers held back their stock in anticipation of higher rubber prices. However, tyre companies went in for import of cheaper rubber from the … Continue reading Tyre, footwear stocks sizzle on fall in rubber prices
Riken Mehta Follow me on Twitter @mehtariken Loose monetary policies by the central governments of major developed markets have made a substantial impact on various asset classes (equities, debts, commodities and currencies) around the globe this year. The major bond buying programs were aimed to kick start the struggling economy but made its way into risky assets like equities. The successful trade of 2013 so far … Continue reading Long developed market indices (US, UK, Japan), short gold is trade of 2013 so far
Riken Mehta Moneycontrol Bureau US Coffee futures hit a 2 year low this week. There are expectations of record harvest in Brazil this year, which is keeping prices under check. That apart, the continued uncertainties from the Eurozone debt crisis ahead of elections in Greece over the weekend also weighed on the markets. US Coffee C July futures closed on Thursday, at USD 149.05 per … Continue reading Chart of the day: Coffee prices at 2-year low; What’s brewing?
Sagar Salvi & Riken Mehta moneycontrol.com “Buy yourself some silver chopsticks or some silver cutlery…you will be very rich in 5 or 10 years.” Well, that was investment guru Jim Rogers’ call at the start of 2011. Rogers is chairman of Rogers Holdings. In 2011, however, silver prices remained somewhat flat as oppose to 2010, when prices surged 77%. Last year, though inflation had remained … Continue reading Why you should buy your wife a silver spoon than a gold bar