Japan’s economy contracts as natural disasters and trade frictions hit hard

Japan’s economy contracted in the third quarter, hit by natural disasters and a decline in exports, a worrying sign that trade protectionism is starting to take its toll on overseas demand. The 1.2 percent annualized contraction in July-September was more than the median estimate for 1.0 percent growth in annual terms. “Japan’s economy is expected to recover driven mainly by domestic demand,” Japanese Economy Minister Toshimitsu Motegi said in a statement issued after the data release. “The decl


Japan’s economy contracted in the third quarter, hit by natural disasters and a decline in exports, a worrying sign that trade protectionism is starting to take its toll on overseas demand. The 1.2 percent annualized contraction in July-September was more than the median estimate for 1.0 percent growth in annual terms. “Japan’s economy is expected to recover driven mainly by domestic demand,” Japanese Economy Minister Toshimitsu Motegi said in a statement issued after the data release. “The decl
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Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: smith collection, gado, getty images
Keywords: news, cnbc, companies, estimate, median, growth, japans, trade, natural, hard, disasters, contracts, exports, fell, followed, hit, economy, decline, frictions


Japan's economy contracts as natural disasters and trade frictions hit hard

Japan’s economy contracted in the third quarter, hit by natural disasters and a decline in exports, a worrying sign that trade protectionism is starting to take its toll on overseas demand.

The 1.2 percent annualized contraction in July-September was more than the median estimate for 1.0 percent growth in annual terms. It followed a robust 3.0 percent annualized growth in the previous quarter.

A decline in domestic demand was the biggest reason the economy shrank as strong typhoons and a powerful earthquake halted factories and stifled consumption, although economists say this disruption was temporary and the decline in exports is more worrying.

External demand — or exports minus imports — shaved 0.1 percentage point off gross domestic product. This matched the median estimate, but a breakdown of the data showed exports fell 1.8 percent quarter-on-quarter, the fastest decline in more than three years.

Japan’s economy is likely to resume growth in the current quarter, but falling exports suggest this recovery could be hampered by trade protectionism, which could increase pressure on policymakers to turn to fiscal stimulus.

“Japan’s economy is expected to recover driven mainly by domestic demand,” Japanese Economy Minister Toshimitsu Motegi said in a statement issued after the data release.

“IT-related exports to Asia have been slowing from around spring, so we need to be mindful of the impact trade frictions and China’s growth outlook could be having on Japan’s economy,” he said.

Cabinet Office data showed GDP fell 0.3 percent versus the previous quarter, which matched the median estimate and followed an upwardly revised 0.8 percent increase in April-June.

Private consumption, which accounts for about 60 percent of GDP, fell 0.1 percent July-September. That was less than the median estimate for a 0.2 percent decline and followed a 0.7 increase in the previous quarter.

Capital expenditure fell 0.2 percent, the first decline in two years. The median estimate was for capital expenditure to remain unchanged. Capex rose 3.1 percent in April-June.

In September a large earthquake triggered a blackout in the northern island of Hokkaido, which followed severe typhoons that damaged airports and transport infrastructure in western Japan.

Businesses were quick to resume normal operations, so the negative impact of these disasters will be short-lived, economists say.

A trade war between the United States and China, the world’s two largest economies, is the bigger concern because it threatens Japan’s exports of car parts, electronics, and heavy machinery, economists say.

“The decline in exports cannot be attributed entirely to the natural disasters,” said Hiroaki Muto, economist at Tokai Tokyo Research Center.

“Excluding natural disasters, exports to China are slowing. The message is China’s economy is weakening, which means Japan’s exports will be slow to recover and growth will stall around the first half of next year.”

Prime Minister Shinzo Abe on Monday ordered government ministers to compile a new public works spending package partly due to concerns about a slowdown in global demand, a common response from Liberal Democratic Party governments to downturns.

Policymakers are also worried that a nationwide sales tax hike scheduled for October next year poses another downside risk to the economy, which makes fiscal spending a more likely option to prop up growth.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: smith collection, gado, getty images
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Gold prices hold steady amid easing dollar

Spot gold was steady at $1,232.86 per ounce, as of 0126 GMT. U.S. gold futures was up 0.1 percent at $1,234.6 per ounce. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent. In equities, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trades amid worries about tense Sino-U.S. trade relations. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.23 percent t


Spot gold was steady at $1,232.86 per ounce, as of 0126 GMT. U.S. gold futures was up 0.1 percent at $1,234.6 per ounce. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent. In equities, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trades amid worries about tense Sino-U.S. trade relations. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.23 percent t
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Gold prices hold steady amid easing dollar

Spot gold was steady at $1,232.86 per ounce, as of 0126 GMT.

U.S. gold futures was up 0.1 percent at $1,234.6 per ounce.

The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent.

In equities, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trades amid worries about tense Sino-U.S. trade relations.

Investors are now focused on the U.S. congressional elections on Nov. 6, which will determine whether the Republican or Democratic party controls Congress, with some predicting increased market volatility on the outcome.

U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.

The U.S. and China are not close to a deal to resolve their trade differences, the White House’s top economic adviser said on Friday, adding that he was less optimistic than previously that such an agreement would come together.

British Prime Minister Theresa May’s office has dismissed as “speculation” a newspaper report that suggests an all-UK customs deal will be written into the legally binding agreement governing Britain’s withdrawal from the EU.

SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.23 percent to 759.06 tonnes on Friday from 760.82 tonnes on Thursday.

Hedge funds and money managers raised their net short position in gold by 18,723 contracts to 45,622 contracts, according to U.S. Commodity Futures Trading Commission data on Friday. This was the highest in three weeks.

Physical gold demand in India was lacklustre last week, with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away.

Barrick Gold shareholders have voted overwhelmingly in favor of the Canadian miner’s $6.1 billion acquisition of Africa-focused Randgold Resources, three people familiar with the preliminary vote count told Reuters on Friday.


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: edgar su
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Gold inches up on easing dollar, global concerns

Gold prices edged higher on Monday towards a 2-1/2-month peak hit last week as the dollar eased and worries over rising political tensions and slowing global economic growth lent support to the metal. One is global economic slowdown, another is geopolitical uncertainties,” said Argonaut Securities analyst Helen Lau. Gold is seen as a safe store of value during political and economic uncertainty. “Supportive price action around $1,210-$1,220 should restrict declines amid current global political


Gold prices edged higher on Monday towards a 2-1/2-month peak hit last week as the dollar eased and worries over rising political tensions and slowing global economic growth lent support to the metal. One is global economic slowdown, another is geopolitical uncertainties,” said Argonaut Securities analyst Helen Lau. Gold is seen as a safe store of value during political and economic uncertainty. “Supportive price action around $1,210-$1,220 should restrict declines amid current global political
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Gold inches up on easing dollar, global concerns

Gold prices edged higher on Monday towards a 2-1/2-month peak hit last week as the dollar eased and worries over rising political tensions and slowing global economic growth lent support to the metal.

Spot gold was up 0.1 percent at $1,226.43 an ounce at 0745 GMT. On Oct. 15, the bullion touched its highest since July 26 at $1,233.26.

U.S. gold futures were up 0.1 percent at $1,229.40 an ounce.

“So far we are seeing a good recipe for gold prices to recover. One is global economic slowdown, another is geopolitical uncertainties,” said Argonaut Securities analyst Helen Lau. “If the tensions loom large we could see gold rebound through 1,300.”

The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the U.S.-China trade war and tightening financial conditions would trigger the next downturn.

Geo-political concerns including tensions between Saudi Arabia and the West over the killing of journalist Jamal Khashoggi, developments related to Brexit, and Italy’s budget woes are keeping investors interested in gold, analysts said.

Gold is seen as a safe store of value during political and economic uncertainty.

“Trade concerns between the U.S. and China remain elevated and the ongoing U.S.-Saudi tensions are likely to continue to underpin a bid tone for bullion over the near-term,” MKS PAMP Group traders said in a note.

“Supportive price action around $1,210-$1,220 should restrict declines amid current global political uncertainty, while a test through $1,230-$1,235 will likely squeeze further shorts out of the market and see gold toward $1,250.”

Gold speculators cut their net short position in COMEX gold contracts by 65,637 contracts to 37,372 contracts, the smallest since late July, in the week to Oct. 16, data showed.

Spot gold may either consolidate further below a resistance at $1,235 per ounce, or break a support at $1,217, to fall to the next support at $1,208, according to Reuters technical analyst Wang Tao.

Holdings in the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, fell 0.39 percent to 745.82 tonnes on Friday.

The U.S. dollar, which measures the greenback against a basket of six major currencies, was down 0.2 percent.

Among other precious metals, silver was up 0.4 percent at $14.65 per ounce, while platinum rose 0.8 percent at $836.20 per ounce.

Palladium climbed 0.9 percent to $1,089.80 per ounce, closer to an over eight-month peak of $1,096.80 hit on Oct. 11.


Company: cnbc, Activity: cnbc, Date: 2018-10-22
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Here’s why MLB stars land the best pro contracts

Baseball has been touted as America’s favorite pastime. But as of 2017, baseball hit its lowest popularity level ever. It ranks third behind football and basketball. Though the sport has lost followers, MLB players tend to land the best contracts among pro athletes. Watch the video above to see why MLB players make more than other pros.


Baseball has been touted as America’s favorite pastime. But as of 2017, baseball hit its lowest popularity level ever. It ranks third behind football and basketball. Though the sport has lost followers, MLB players tend to land the best contracts among pro athletes. Watch the video above to see why MLB players make more than other pros.
Here’s why MLB stars land the best pro contracts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: darren geeter
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Here's why MLB stars land the best pro contracts

Baseball has been touted as America’s favorite pastime. But as of 2017, baseball hit its lowest popularity level ever. It ranks third behind football and basketball. Though the sport has lost followers, MLB players tend to land the best contracts among pro athletes. Watch the video above to see why MLB players make more than other pros.


Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: darren geeter
Keywords: news, cnbc, companies, contracts, baseball, tend, mlb, heres, watch, touted, land, pro, best, video, stars, players, sport, ranks, pros


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Gold rises as falling markets burnish appeal

Gold prices rose on Monday as Asian shares resumed their fall and investors grappled with the impact of the ongoing Sino-U.S. trade war and higher U.S. interest rates. When stock markets are not stable, there is some safe haven buying,” said Ronald Leung, chief dealer, Lee Cheong Gold Dealers, Hong Kong. Gold remains down by more than 10 percent from its April peak, pressured by a strong dollar as the U.S.-China trade war unfolds and higher U.S. interest rates. Gold speculators extended their ne


Gold prices rose on Monday as Asian shares resumed their fall and investors grappled with the impact of the ongoing Sino-U.S. trade war and higher U.S. interest rates. When stock markets are not stable, there is some safe haven buying,” said Ronald Leung, chief dealer, Lee Cheong Gold Dealers, Hong Kong. Gold remains down by more than 10 percent from its April peak, pressured by a strong dollar as the U.S.-China trade war unfolds and higher U.S. interest rates. Gold speculators extended their ne
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Gold rises as falling markets burnish appeal

Gold prices rose on Monday as Asian shares resumed their fall and investors grappled with the impact of the ongoing Sino-U.S. trade war and higher U.S. interest rates.

Spot gold was up 0.4 percent at $1,222.0 an ounce at 0417 GMT, and not far off last week’s two-month high of $1,226.70.

U.S. gold futures were up 0.2 percent at $1,225.60 an ounce.

“Gold is closely following the stock market. When stock markets are not stable, there is some safe haven buying,” said Ronald Leung, chief dealer, Lee Cheong Gold Dealers, Hong Kong.

“There are many uncertainties ahead for equities including the ongoing trade war, upcoming mid-term elections in the U.S., along with an expected interest rate hike in December … We will have to see how gold reacts to these.”

Asian shares slipped on Monday, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 1 percent.

“Gold is more appealing after the stock market crash. It has regained some of its safe haven lure,” said Brian Lan, managing director at Singapore dealer GoldSilver Central.

A sell-off in equities last week, helped gold break above the narrow trading range of the past 1-1/2 months, with the metal jumping as much as 2.5 percent on Thursday, its biggest one-day percentage gain in more than two years.

“Gold remains supported by escalating geopolitical tensions… Adding to the mix is the thought the FOMC may consider pausing their widely expected rate hike in December if global equity markets continue to falter,” said Stephen Innes, APAC trading head at OANDA in Singapore.

“An abrupt shift in Fed policy will likely lead to a lack of confidence in the world’s most important central bank and could destabilize markets further.”

The Fed hiked rates last month for the third time this year and is expected to raise them again in December.

Gold remains down by more than 10 percent from its April peak, pressured by a strong dollar as the U.S.-China trade war unfolds and higher U.S. interest rates.

China faced “tremendous uncertainties” due to the impact of tariffs and trade frictions, China central bank governor Yi Gang said on Sunday.

Gold speculators extended their net short position on Comex gold contracts by 29,881 contracts to 103,009 contracts in the week to Oct. 9, data showed.

Spot gold may edge up to $1,235 per ounce, as suggested by a Fibonacci ratio analysis, according to Reuters technical analyst Wang Tao.

Meanwhile, holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.76 percent to 744.64 tonnes on Friday.

In other precious metals, palladium rose 0.5 percent to $1,071.10. Silver was up 0.6 percent at $14.63 and platinum gained 0.5 percent to $840.50.


Company: cnbc, Activity: cnbc, Date: 2018-10-15
Keywords: news, cnbc, companies, stock, appeal, expected, falling, war, interest, contracts, gold, shares, rose, rises, trade, burnish, markets


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The highest-paid player on every NFL team right now

Top-tier NFL contracts often seem to involve staggering amounts of money. Unlike many other professional sport leagues, the full amount of an NFL contract usually isn’t guaranteed up front. Personal finance site GOBankingRates examined NFL contracts to see which athletes on each of the league’s 32 teams earn the most guaranteed money from their deals. The only player on this list who has a fully-guaranteed contract is Minnesota Vikings quarterback Kirk Cousins, who signed a three-year, $84 milli


Top-tier NFL contracts often seem to involve staggering amounts of money. Unlike many other professional sport leagues, the full amount of an NFL contract usually isn’t guaranteed up front. Personal finance site GOBankingRates examined NFL contracts to see which athletes on each of the league’s 32 teams earn the most guaranteed money from their deals. The only player on this list who has a fully-guaranteed contract is Minnesota Vikings quarterback Kirk Cousins, who signed a three-year, $84 milli
The highest-paid player on every NFL team right now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-28  Authors: courtney connley, jeff zelevansky, getty images, tom pennington, quinn harris, michael zagaris, gregory shamus, christian petersen, thearon w henderson, maddie meyer via getty
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The highest-paid player on every NFL team right now

Top-tier NFL contracts often seem to involve staggering amounts of money. But how much are players really taking home?

Unlike many other professional sport leagues, the full amount of an NFL contract usually isn’t guaranteed up front. Players tend to receive a portion of the overall value of their contract at signing, and then are paid an amount each year for the duration of their contract. That annual amount, however, is contingent upon performance and injuries, and can vary year to year.

Personal finance site GOBankingRates examined NFL contracts to see which athletes on each of the league’s 32 teams earn the most guaranteed money from their deals.

The only player on this list who has a fully-guaranteed contract is Minnesota Vikings quarterback Kirk Cousins, who signed a three-year, $84 million guaranteed deal.

Take a look at the list below to see which athletes are earning the most, guaranteed:


Company: cnbc, Activity: cnbc, Date: 2018-09-28  Authors: courtney connley, jeff zelevansky, getty images, tom pennington, quinn harris, michael zagaris, gregory shamus, christian petersen, thearon w henderson, maddie meyer via getty
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Gold prices: Dollar in focus following Fed chair’s speech

Speaking at a research symposium at Jackson Hole, Wyoming on Friday, Fed Chair Jerome Powell made the case that gradual rate hikes were the best way to protect U.S. economic recovery, keep job growth strong and inflation under control. Spot gold was up 0.1 percent at $1,206.34 per ounce by 0420 GMT. “The weaker USD is giving gold a nice lift after Fed Chair Jerome Powell signalled that the FOMC remains on a gradual rate hike path,” said Stephen Innes, APAC trading head, OANDA. Higher activity in


Speaking at a research symposium at Jackson Hole, Wyoming on Friday, Fed Chair Jerome Powell made the case that gradual rate hikes were the best way to protect U.S. economic recovery, keep job growth strong and inflation under control. Spot gold was up 0.1 percent at $1,206.34 per ounce by 0420 GMT. “The weaker USD is giving gold a nice lift after Fed Chair Jerome Powell signalled that the FOMC remains on a gradual rate hike path,” said Stephen Innes, APAC trading head, OANDA. Higher activity in
Gold prices: Dollar in focus following Fed chair’s speech Cached Page below :
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Gold prices: Dollar in focus following Fed chair's speech

Gold prices held steady on Monday after seeing their best gain in over a year the session before, boosted by short-covering and as comments from the head of the U.S. Federal Reserve signalling a gradual approach to interest rate hikes weighed on the dollar.

Speaking at a research symposium at Jackson Hole, Wyoming on Friday, Fed Chair Jerome Powell made the case that gradual rate hikes were the best way to protect U.S. economic recovery, keep job growth strong and inflation under control.

The remarks appeared to have disappointed dollar bulls hoping for a more hawkish message.

“Jerome Powell’s comments introduced some uncertainty into the market, with a stress on policy gradualism,” said Nicholas Frappell, general manager at Australia-based ABC Bullion.

Spot gold was up 0.1 percent at $1,206.34 per ounce by 0420 GMT. It had climbed 1.7 percent on Friday in its biggest one-day percentage gain since May 2017. U.S. gold futures were down 0.1 percent at $1,212.70 an ounce.

“The weaker USD is giving gold a nice lift after Fed Chair Jerome Powell signalled that the FOMC remains on a gradual rate hike path,” said Stephen Innes, APAC trading head, OANDA.

“While the speech was a tad dovish, gold’s resurgence may be as much position-related as it is a real demand given the extended short gold positions that have been built up over the past few weeks which resulted in several stop losses runs getting triggered.”

Hedge funds and money managers increased their net short position in COMEX gold contracts to another record in the week to Aug. 21, adding 1,306 contracts to bring it to 78,579 contracts, the largest since records became publicly available in 2006, data showed.

“The market is extremely short and at some stage managed money shorts were likely to be buyers … The rapidity of the move (on Friday) suggests the direction came from short covering,” ABC Bullion’s Frappell said.

Higher activity in gold options amid geopolitical tensions and a record-long bull market for U.S. equities suggest that investors are betting gold prices have found a floor, traders said.

In the wider markets, the dollar index, which tracks the greenback against a basket of six major currencies, was nearly flat at 95.116.

Among other precious metals, spot silver edged up 0.1 percent to $14.81 an ounce, while platinum was down 0.3 percent at $787.99. Palladium was flat at $936.50 an ounce after touching a one-month high of $940.50 earlier in the session.


Company: cnbc, Activity: cnbc, Date: 2018-08-27
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Negative bets against gold surge, could be tipping point

Boockvar said the last time gold short bets were at a high was in 2015, and the prior record was 159,000 contracts at that time, according to CFTC data going back to 1993. “An extreme level of positioning should be the signal we’re close to bottoming out in gold in days or weeks,” he said. Boockvar calculated that for the first time in 17 years, there’s a net short in gold, of 3,700 contracts. By last week, they were net short,” he said. The shorts in gold have grown as dollar long positions and


Boockvar said the last time gold short bets were at a high was in 2015, and the prior record was 159,000 contracts at that time, according to CFTC data going back to 1993. “An extreme level of positioning should be the signal we’re close to bottoming out in gold in days or weeks,” he said. Boockvar calculated that for the first time in 17 years, there’s a net short in gold, of 3,700 contracts. By last week, they were net short,” he said. The shorts in gold have grown as dollar long positions and
Negative bets against gold surge, could be tipping point Cached Page below :
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Negative bets against gold surge, could be tipping point

The level of gross contracts held by shorts has jumped to a record 215,000 and has been at all-time highs for several weeks.

“It’s literally off the charts. 215,000 contracts is double what it was the third week of June, triple what it was the second week of June. It’s up nine weeks in a row,” he said. Boockvar said the last time gold short bets were at a high was in 2015, and the prior record was 159,000 contracts at that time, according to CFTC data going back to 1993.

“An extreme level of positioning should be the signal we’re close to bottoming out in gold in days or weeks,” he said.

Boockvar calculated that for the first time in 17 years, there’s a net short in gold, of 3,700 contracts. “Two months ago, speculators were net long by 120,000 contracts. By last week, they were net short,” he said.

Boockvar said mining costs should stop gold from falling much below $1,100 an ounce.

“It ties into dollar action. It ties into perceptions about growth,” said Boockvar. “There are so many different messages you can blame for the inevitable reversal in these positions. If gold reverses, it will mean that the dollar is topped out,” he said.

Boockvar noted that the positioning comes ahead of the Fed’s Jackson Hole symposium Friday, where Fed Chair Jerome Powell will speak. The shorts in gold have grown as dollar long positions and shorts in Treasurys have also gotten to record levels.

“We continue to expect prices to recover following the September FOMC meeting,” noted Suki Cooper, precious metals analyst at Standard Chartered. The Federal Reserve meets Sept. 25 and 26 and is expected to raise interest rates then.


Company: cnbc, Activity: cnbc, Date: 2018-08-20  Authors: patti domm, arnd wiegmann
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China tariffs create headache for next wave of US natural gas export projects

When asked how tariffs could impact the contract, a Cheniere spokesman said the company does not comment on confidential commercial agreements. Last year, after meeting with U.S. officials, China gave permission to its state-owned energy giants to negotiate long-term contracts with U.S. LNG exporters. Proposed LNG export terminals, source: FERCThat does not mean negotiations between U.S. LNG exporters and potential Chinese buyers are grinding to a halt. Rogers cautions against placing too much e


When asked how tariffs could impact the contract, a Cheniere spokesman said the company does not comment on confidential commercial agreements. Last year, after meeting with U.S. officials, China gave permission to its state-owned energy giants to negotiate long-term contracts with U.S. LNG exporters. Proposed LNG export terminals, source: FERCThat does not mean negotiations between U.S. LNG exporters and potential Chinese buyers are grinding to a halt. Rogers cautions against placing too much e
China tariffs create headache for next wave of US natural gas export projects Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-09  Authors: tom dichristopher, image source, cheniere energy, -hugo brennan, verisk maplecroft asia analyst
Keywords: news, cnbc, companies, natural, export, youre, tariffs, gas, chinese, lng, energy, china, projects, buyers, headache, wave, contracts, potential, create


China tariffs create headache for next wave of US natural gas export projects

When asked how tariffs could impact the contract, a Cheniere spokesman said the company does not comment on confidential commercial agreements.

Lining up long-term contracts is critical to securing financing to construct LNG terminals, which typically take about four years to build. The contracts show lenders that the builder has a steady source of income to pay off its debt.

The Trump administration recently made inroads into the Chinese market, which is forecast to account for more than a third of the world’s growing appetite for LNG over the next five years. Last year, after meeting with U.S. officials, China gave permission to its state-owned energy giants to negotiate long-term contracts with U.S. LNG exporters.

The United States has an opportunity to gobble up much of China’s growing LNG demand because Beijing has historically sought to diversify its gas supply, and American exporters currently account for a small share of the country’s imports, said Hugo Brennan, Asia analyst at risk consultancy Verisk Maplecroft.

Beijing can’t go toe to toe with Washington on tariffs, but China can target President Donald Trump’s political agenda in a bid to revive trade talks, Brennan said.

“China is targeting Trump’s energy dominance agenda,” he said. “They want to bring the U.S. back to the negotiating table.”

Proposed LNG export terminals, source: FERC

That does not mean negotiations between U.S. LNG exporters and potential Chinese buyers are grinding to a halt. Texas LNG, which aims to open a midsize export terminal in 2023, told CNBC it continues to have “constructive discussions with Chinese investors and LNG consumers” and still expects to decide on whether to move forward with its project in the coming months.

Meanwhile, Daniel Rogers, an attorney at King & Spalding who specializes in energy infrastructure, said potential Chinese buyers negotiating deals with his LNG clients remain engaged despite the tariff threats.

Rogers cautions against placing too much emphasis on the role of Chinese contracts in assuring U.S. projects move forward. While there’s huge growth potential in the Chinese market, it’s still relatively young and dominated by just a handful of buyers with enough experience managing LNG imports to be considered creditworthy by banks.

“If you’re a U.S. producer and you’re smart, you’re talking to everybody and you’re not so focused on China that any tariffs would get in the way” of securing financing, he said.

Those other buyers include large utilities in Japan, South Korea and Europe with a track record of successfully managing LNG shipments, as well as big trading firms like Trafigura that purchase from U.S. terminal operators and sell the LNG to overseas buyers.

Ultimately, the Chinese tariffs would likely have a limited impact on U.S. projects, with one or two viable developments potentially getting delayed or shelved, according to Giles Farrer, research director for global gas and LNG supply at energy consultancy Wood Mackenzie. Still, that could open opportunities for new projects proposed in places like Qatar, Australia and Mozambique.

“If you look long term, we see demand for a lot of new LNG projects,” he said. “But there is also quite a lot of competition. The U.S. is not the only game in town.”


Company: cnbc, Activity: cnbc, Date: 2018-08-09  Authors: tom dichristopher, image source, cheniere energy, -hugo brennan, verisk maplecroft asia analyst
Keywords: news, cnbc, companies, natural, export, youre, tariffs, gas, chinese, lng, energy, china, projects, buyers, headache, wave, contracts, potential, create


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NASA Commercial Crew: The astronauts SpaceX and Boeing will launch

NASA announced on Friday the assignments of the first nine astronauts riding commercial spacecraft to the International Space Station, naming five to the first two Boeing flights and four to SpaceX’s flights. The astronauts are a part of NASA’s Commercial Crew program, which is the agency’s solution to once again launch U.S. astronauts from U.S. soil. Delays have plagued the program since 2014, when NASA first handed out multi-billion dollar contracts to SpaceX and Boeing. Boeing’s timeline alre


NASA announced on Friday the assignments of the first nine astronauts riding commercial spacecraft to the International Space Station, naming five to the first two Boeing flights and four to SpaceX’s flights. The astronauts are a part of NASA’s Commercial Crew program, which is the agency’s solution to once again launch U.S. astronauts from U.S. soil. Delays have plagued the program since 2014, when NASA first handed out multi-billion dollar contracts to SpaceX and Boeing. Boeing’s timeline alre
NASA Commercial Crew: The astronauts SpaceX and Boeing will launch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-04  Authors: michael sheetz, source
Keywords: news, cnbc, companies, contracts, launch, commercial, crew, program, space, flights, boeing, nasa, astronauts, test, spacex


NASA Commercial Crew: The astronauts SpaceX and Boeing will launch

NASA announced on Friday the assignments of the first nine astronauts riding commercial spacecraft to the International Space Station, naming five to the first two Boeing flights and four to SpaceX’s flights.

The astronauts are a part of NASA’s Commercial Crew program, which is the agency’s solution to once again launch U.S. astronauts from U.S. soil. Since the end of the Space Shuttle program in 2011, astronauts have flown aboard Russian Soyuz — at a cost to NASA of more than $70 million per seat.

NASA’s new program is competitive, with contracts up for grabs for Boeing to win with its Starliner capsules and SpaceX with its Dragon capsules.

Delays have plagued the program since 2014, when NASA first handed out multi-billion dollar contracts to SpaceX and Boeing. Boeing announced on Wednesday that its first Starliner test flight would be pushed from August to later this year, at the earliest.

Meanwhile, NASA confirmed Thursday that SpaceX’s first test flight for Dragon would delay to November. NASA was expected to certify Boeing in December 2019 and SpaceX in January 2020, according to analysis earlier this year, but a GAO report in July says further delays are expected.

Boeing’s timeline already causes a one-month gap, at minimum, in NASA’s contracts for seats with Russia, and the first launches of Boeing and SpaceX. NASA is considering a number of solutions to resolve the gap, the GAO report said.

NASA administrator Jim Bridenstine presented the astronauts who will ride on the first four Commercial Crew flights, including three who have never flown to space before. Here are the companies and flights they were assigned to on Friday:


Company: cnbc, Activity: cnbc, Date: 2018-08-04  Authors: michael sheetz, source
Keywords: news, cnbc, companies, contracts, launch, commercial, crew, program, space, flights, boeing, nasa, astronauts, test, spacex


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