The actively managed NBCM, which celebrates its third birthday in ETF form this week, is also outpacing the S&P 500 this year. That confirms the benefits of counting gold and silver as components in its diversified basket. NBCM can hold as many as 51 commodities from eight groups. But at the end of the second quarter, precious metals was the ETF's largest sector exposure, according to issuer data. It's a smart move and one accentuated by a 17.7% allocation to gold, more than double the ETF's second-largest ...

#数据 根据2023/24年度USDA数据，日本是美国大豆第五大出口市场，占美国大豆出口总量约5%。 https://t.co/vRbkAMqN0n外汇交易员 (@myfxtrader):路透：随着日本新任首相高市早苗周三开始履新，日本政府开始敲定一篮子采购计划，包括美国皮卡、大豆和天然气，以便在下周的贸易和安全会谈中向特朗普提出。两国领导人将于下周初在东京举行会谈。此前前任首相石破茂曾同意在美国投资5500亿美元以换取美国降低日本汽车关税。 ...

See also @biancoresearch and @AndreasSteno.Jim Bianco (@biancoresearch):Gold Warrants on the Shanghai futures exchange have nearly doubled since this chart posted a month ago. Up 25x since the beginning if the year.If anyone asks the question "who is buying gold?"Show them the updated chart and say "China."---What is a Gold WarrantA gold https://t.co/Q0DTth6x0L ...

Exporters are rejecting the bulk of cocoa beans arriving at Ivory Coast ports because of mold and a high volume of waste material, muddying the supply picture when the market is expecting a surplus. https://t.co/bkPM2B5xjF ...

玉渊谭天：从中国主要粮食码头获悉，今年1至9月，美国粮食运输船靠岸艘次同比下降56%，从72艘降至32艘，这是因为自7月起，来自美国的粮食运输船在该码头靠岸艘次已降为0。对比来看，5月以来，该码头每月平均有40多艘来自阿根廷、巴西、乌拉圭等南美国家的粮食运输船靠岸。这些粮食运输船90%运输的都是大豆。美国一家市场调研公司预测，如果中国在11月中旬之前仍未重返美国市场，美国损失的对华大豆订单可能高达1400万至1600万吨。失去中国，就等于失去半个市场。外汇交易员 (@myfxtrader):#数据 美国USDA最新数据显示，截至9月11日，也就是新销售季开始近两周后，中国尚未预订任何一船大豆，这是自1999年以来首次出现的情况。去年，美国占中国大豆进口量的五分之一，价值超过120亿美元，占美国大豆出口总额的一半以上。中国正在利用大宗商品作为更广泛的贸易谈判中的筹码。 https://t.co/moBSKToRug ...

Core Insights - Silver's futures curve has entered deep backwardation, with the front-month contract trading $2.88 higher than later contracts, marking the steepest inversion since 1980 [1][15][24] - This backwardation signals significant changes in the market, indicating potential supply stress, surging demand for physical metal, or a breakdown in the usual price discovery process [2][19][20] Market Dynamics - The current backwardation is driven by strong industrial demand for silver in sectors like solar panels and electric vehicles, coupled with increased investment demand, leading to a double-sided squeeze on supply [9][10][11] - Lease rates for borrowing physical silver have surged dramatically, indicating growing stress in the market, with one-month lease rates spiking to 39% from below 1% earlier in the year [13][14] Implications of Backwardation - Persistent backwardation suggests that the physical market is now leading price discovery, shifting power away from paper markets dominated by speculative trading [26][27] - The current market conditions could lead to a significant revaluation of silver, with potential price targets between $100 and $400 per ounce based on historical patterns and technical analysis [40][42][47] Historical Context - Historical instances of silver entering backwardation have often preceded major price rallies, as seen in January 1980 and early 2011, where physical scarcity led to rapid price increases [32][35][39] - The current situation mirrors past events but is driven by more sustainable factors, including steady industrial demand and tightening mine supply [38][40] Future Outlook - If the backwardation persists, it could lead to a self-reinforcing cycle where rising spot prices and high lease rates force short sellers to cover their positions, further driving prices up [28][29] - The market is likely to seek a new equilibrium that reflects silver's true monetary value, potentially leading to a significant upward price adjustment [47][49]

Core Insights - The Hecht Commodity Report is recognized as a comprehensive source for commodities analysis, covering over 29 different commodities and providing various market calls and trading recommendations [1][2]. Group 1: Energy Commodities - Traditional energy commodities include crude oil, natural gas, coal, and biofuels, while nuclear energy has faced challenges due to historical accidents like Chernobyl and Fukushima [2]. - Despite past issues, nuclear energy is expected to make a comeback by 2025, indicating a potential shift in energy strategies [2]. Group 2: Market Analysis - The report offers bullish, bearish, and neutral calls, along with actionable trading ideas for both traders and investors, highlighting its utility in navigating the commodities market [1][2].

Vietnam ended its decades-long monopoly on bullion trade and production, the first major liberalization of the market in more than a decade https://t.co/FZZdQX9cId ...

Gold prices tumbled below the $4,000-per-ounce mark on Friday, and crude prices fell as Russia escalated strikes on Ukraine’s energy grid, heightening geopolitical tensions.Russia Attacks Ukraine’s Energy InfrastructureThe pullback comes amid fresh reports of a “massive” Russian assault on Ukraine’s power infrastructure, according to CNN. Ukrainian officials described the early Friday barrage as targeting energy generation and distribution facilities, a tactic reminiscent of previous winter campaigns aimed ...

Last week, Singapore’s Straits Times Index (SGX: ^STI) touched a new 52-week high.Yet, as some blue chips surged, others stumbled.September 2025 painted a mixed picture for Singapore’s largest companies. While the market rallied, three blue chip losers caught investors’ attention – not just for their monthly declines, but for the stories behind those falls.Simply said, the question isn’t about “which blue-chip stocks fell?” but rather “are these temporary setbacks or warning signs?” So, let’s take a look at ...