17 July 2014 - Russia Could Be Turning U.S. Trash Into Gold |
- 17 July 2014 - Russia Could Be Turning U.S. Trash Into Gold
- 17 July 2014 - Gold Gains As Geopolitical Tensions Intensify, Crude Recovery At Risk
- 17 July 2014 - 印度6月黄金进口大增65% 贸易赤字触及11个月高点
| 17 July 2014 - Russia Could Be Turning U.S. Trash Into Gold Posted: 17 Jul 2014 06:22 PM PDT From:http://www.fool.com/investing/general/2014/07/16/russia-could-be-turning-us-trash-into-gold.aspx? By Reuben Brewer July 16, 2014 We've been powering this nation with carbon-intensive fuels for so long that we seem to have forgotten the many alternatives at our disposal. I'm not talking about solar and wind, I'm talking about refuse. This niche power source may be small today, but in a carbon-conscious world it could become much more important. That's doubly true if Russia's global provocations get U.S. natural gas exports heading higher: Watch Covanta (NYSE: CVA ) and Waste Management (NYSE: WM ) . Boston loves garbage Covanta is a power company with a twist because it burns trash. While that may not be particularly environmentally friendly on the face of things, take a step back. Ask yourself what would happen if Covanta didn't burn the trash it collects to generate electricity. That refuse would end up in a landfill and some other source of base-load power, which increasingly means carbon-emitting natural gas would be tapped instead. That's why the city of Boston recently extended its relationship with Covanta for another four years. The energy from waste (EfW) specialist will take 140,000 tons of Boston rubbish each year. How good an environmental deal is this? According to Covanta, "For every ton of municipal solid waste processed at EfW facilities, greenhouse gas emissions are reduced by the equivalent of approximately one ton. This is due to the avoidance of methane from landfills, the offset of greenhouse gases from fossil fuel electrical production, and the recovery of metals for recycling." Is burning trash a profitable business? So burning our waste for power is a good thing, but how does it stack up financially? That's a tougher question to answer. For example, Covanta's top line has fallen in each of the last three years, and it lost a nickle a share in 2013. Waste Management, another trash hauler, also has an EfW division. In the fourth quarter last year Waste Management wrote down the value of its EfW division by a massive $1.85 per share, pushing earnings for that period well into negative territory at a loss of $1.29 per share. The nearly $500 million impairment charge was the result of low power prices. And a big part of that trend is tied to the historically low price of natural gas. This is essentially the same reason that utilities like Dominion Resources (NYSE: D ) have been selling merchant power plants, particularly those reliant on coal. Dominion Resources has instead been building out its green fleet. For example, its $3.4 billion of capital spending planned on the generation side of its business between 2014 and 2018 includes such things as solar, wind, and biomass conversions. But biomass is, essentially, burning things like wood waste. Although burning wood is different than burning trash, it's basically the same idea. In fact Europe is also burning a lot more wood to keep the environment clean. Trash, as Covanta explained, has some serious green cred, too. Over time, look for EfW to look increasingly desirable. Russia on offense Essentially, power companies around the world are reexamining their fuel options and finding some new, or perhaps old, ways to keep the lights on and help the environment at the same time. But what does this have to do with Russia? Russia is currently in a dispute with Ukraine over natural gas that could threaten natural gas supplies into Europe. Some in the U.S. government are looking to capitalize on this window of opportunity to make it easier to export the fuel, an activity that is currently heavily restricted. In fact, Dominion Resources is one of the many companies looking to open a liquefied natural gas export hub. With the United States increasingly using natural gas and the potential for global turmoil to open up the export market, gas prices could start heading higher over the long term. That would make other fuel options, such as garbage, more competitive. This, in turn, would make EfW companies more valuable. Waste Management is a hedged bet on the space because EfW is a small portion of its overall business. Covanta, however, is a direct play that's still off its pre-recession highs. Don't overlook this dirty business -- you know the old saying, "One man's trash is another man's treasure..." Do you know this energy tax "loophole"? You already know record oil and natural gas production is changing the lives of millions of Americans. But what you probably haven't heard is that the IRS is encouraging investors to support our growing energy renaissance, offering you a tax loophole to invest in some of America's greatest energy companies. Take advantage of this profitable opportunity by grabbing your brand-new special report, "The IRS Is Daring You to Make This Investment Now!," and you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more. Reuben Brewer has no position in any stocks mentioned. The Motley Fool recommends Dominion Resources and Waste Management. The Motley Fool owns shares of Waste Management. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. Source:http://www.fool.com/investing/general/2014/07/16/russia-could-be-turning-us-trash-into-gold.aspx? |
| 17 July 2014 - Gold Gains As Geopolitical Tensions Intensify, Crude Recovery At Risk Posted: 17 Jul 2014 06:19 PM PDT By David de Ferranti, Currency Analyst Crude oil is treading water during the Asian session with a light US economic docket ahead offering little to inspire a further recovery for the commodity. Meanwhile, gold and silver continue their recovery as the latest flare-up in geopolitical tensions likely draws safe-haven demand for the precious metals. Traders Turn To Precious Metals As Tensions Flare The ongoing Ukrainian unrest has regained attention this week following reports from US officials suggesting Russia has supplied insurgents with weapons in Eastern Ukraine. The failure to comply with requests to assist a de-escalation of the conflict has prompted the EU and US to enact another round of sanctions on Russia. This time targeting some of the country's largest state-owned enterprises. The prospect of sanctions on some of Russia's key commodity exports is noteworthy, given the nation is the world's largest energy exporter, as well as the largest supplier of palladium. However, at this stage it seems unlikely that Europe would cut off its largest supplier, yet speculation alone over potential disruptions could act as a source of short-term support for crude and natural gas, as well as palladium. Similarly, a flare-up in tensions between Israel and Hamas over the past two days has likely bolstered safe-haven demand for the precious metals. After a suffering a steep sell-off earlier in the week, gold and silver have recovered roughly half a percent thus far in Asian trading. If the conflict between the two forces were to escalate, the precious metals could be afforded further gains. Crude Bounces Back As Inventories Drop Following several weeks of a narrow focus by crude traders on the prospect of Middle East supply disruptions, traders may have turned their gaze back to the US. The DOE's Weekly Petroleum Status report released on Wednesday painted a bullish picture of the US oil market. Most notably; stockpiles at Cushing, the delivery point for WTI, dropped to their lowest since 2008. Additionally, refinery utilization picked up to the highest rate since 2005. Taken together the report suggests strengthening demand for crude oil in the world's largest consumer of the commodity. A light US docket ahead leaves few cues for crude traders, which in turn may do little to inspire a further recovery. This leaves WTI in a slightly precarious position, where traders may utilize the bounce as an opportunity to exit long positions (which remain near record highs). However, over the near term if incoming US economic data continues to improve, speculation over burgeoning demand for crude could help lead WTI higher. Gold Gains As Geopolitical Tensions Intensify, Crude Recovery At Risk Copper Unimpressed By Pickup In Chinese Growth The Chinese National Bureau of Statistics revealed this week that China's economic growth in the second quarter accelerated at a pace of 7.5 percent, beating economists' expectations for 7.4 percent. However, the better-than-anticipated reading has failed to reinvigorate the copper bulls. The base metal continues its slide in Asian trading today, after suffering a loss of over 1 percent on Wednesday. Similar negative sentiment has been shared by Chinese equities, with the Shanghai Composite down by more than half a percent today. The bearish assessment of the GDP read, may reflect concerns over an over-reliance on credit growth in the Asian giant to put the economy on track to meet policy maker's targets. CRUDE OIL TECHNICAL ANALYSIS After hitting the downside target of 98.90 a Bullish Engulfing pattern on the daily threatens at a reversal for WTI. However, the pattern awaits confirmation from a second successive up-day before being validated. With the downtrend still intact (signaled by the 20 SMA), selling into rallies would be preferred. GOLD TECHNICAL ANALYSIS With evidence of a downtrend in play, gold's bounce off the 50% Fib Level is seen as an opportunity to look at new short positions. However, with a Harami pattern warning of a possible bullish reversal, a push above the 38.2% Fib Retracement Level at 1,305 could invalidate a bearish bias. The DailyFX SpeculativeSentimentIndex suggests a bullish bias for gold based on trader positioning. SILVER TECHNICAL ANALYSIS In a similar fashion to its bigger brother gold, silver's collapse warns of further weakness to come. The break below the 23.6% Fib Retracement Level at 20.83 has confirmed the Evening Star candlestick formation and opens a push to support at 20.40. COPPER TECHNICAL ANALYSIS Copper's breach of its ascending trendline and support at 3.23 paves the way for further weakness ahead. While there are few signs of bullish reversal patterns at this point buyers may look to slow the base metal's descent at 3.19. PALLADIUM TECHNICAL ANALYSIS As suggested in recent commodities reports, palladium's pullback was seen as a fresh buying opportunity. Playing the uptrend remains preferred with the prospect of a run on the psychologically-significant 900 handle over the near-term. The platinum bulls appear unprepared to relinquish their grip on prices at this point. A Morning Star formation suggests a possible push higher. However, with prices only marginally above 1,490, confirmation from a successive up-day would be required to signal the possibility of a run on 1,518. |
| 17 July 2014 - 印度6月黄金进口大增65% 贸易赤字触及11个月高点 Posted: 17 Jul 2014 06:17 PM PDT From:http://gold.hexun.com/2014-07-17/166708619.html 2014-07-17 07:23:56 来源：FX168 印度6月黄金进口飙升，印度贸易赤字扩大到11个月高点，而国际原油价格可能进一步使经常帐承压。 周三公布的数据显示，印度6月黄金进口同比大增65.0%，贸易赤字由5月份的112.3亿美元升至117.6亿美元。在印度，黄金是除原油外第二大进口商品，是引发去年印度滑向国际收支危机边缘的一个主要因素。 为了削减经常帐赤字，印度去年提高了黄金进口关税，实施了80/20规则。这些措施压缩了供应，推升了印度黄金溢价，并引起走私泛滥。黄金进口的强劲反弹可能意味着限制措施将保持一段时间。 新加坡发展银行经济学家Radhika Rao表示，"行业组织一直希望取消黄金进口限制，但高企的贸易赤字可能促使印度政府保持谨慎。" 印度财政部长 Arun Jaitley在新政府第一个财政预算案中出人意料低地持金银进口关税不变。受外围需求提升和弱势货币的影响，印度6月商品出口连续第三个月上升，印度经济前景改善。 印度6月出口增加10.22%至264.8亿美元，低于5月增速，但是全球增长改善下的一个转变。 通胀急剧下跌，工业产出强劲反弹，莫迪政府在良好的氛围中开始复苏亚洲第三大经济体。 Rao表示，"贸易数据表明商业信心小幅恢复。"因投资疲软，国内外需求不振，高通胀引起高利率，过去两年，印度经济增速跌至5.0%下方。 中东局势影响下，原油仍有走高的风险。印度原油进口占到总进口的80.0%，油价上升将增加印度进口总值，扩大贸易逆差。 印度6月原油进口上升了10.90%至133.40亿美元，而5月份的进口量仅增加了2.50%。 |
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