{"id":1802,"date":"2016-10-05T21:26:21","date_gmt":"2016-10-05T21:26:21","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=1802"},"modified":"2016-10-10T21:27:01","modified_gmt":"2016-10-10T21:27:01","slug":"commodity-update-for-q3-2016","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2016\/10\/05\/commodity-update-for-q3-2016\/","title":{"rendered":"Commodity update for Q3 2016"},"content":{"rendered":"<p>Last update, we triumphantly proclaimed that<a href=\"http:\/\/www.visualcapitalist.com\/commodities-silver-skyrockets-post-brexit-energy-back\/\">commodities were \u201cback\u201d<\/a>.<\/p>\n<p>However, we did forget to add one important caveat, which is that they could still get hit hard in the short-term by the classic <a href=\"http:\/\/www.investopedia.com\/terms\/s\/sell-in-may-and-go-away.asp\">\u201cSell in May and Go Away\u201d<\/a>market sentiment.<\/p>\n<p>In Q3, commodities as a whole entered a \u201csummer slump\u201d, returning -5.7% as measured by the GSCI (Goldman Sachs Commodity Index). Performance was dragged down mostly by agricultural goods such as wheat, corn, and soybeans, but also by uranium which had another poor quarter.<\/p>\n<p>Despite this bump in the road, most commodities are still having big years on a YTD basis:<\/p>\n<ul>\n<li>Silver, crude oil, and zinc are all up over 30% on the year.<\/li>\n<li>Gold, palladium, natural gas, and nickel are all up over 20%<\/li>\n<li>Uranium is the only metal in red, down over -30%<\/li>\n<\/ul>\n<p><strong>Here\u2019s Q3 and YTD performance for each commodity:<\/strong><\/p>\n<div id=\"tablepress-17-no-7_wrapper\" class=\"dataTables_wrapper no-footer\">\n<table id=\"tablepress-17-no-7\" class=\"tablepress tablepress-id-17 dataTable no-footer\">\n<thead>\n<tr class=\"row-1 odd\">\n<th class=\"column-1 sorting\" tabindex=\"0\" colspan=\"1\" rowspan=\"1\"><\/th>\n<th class=\"column-2 sorting\" tabindex=\"0\" colspan=\"1\" rowspan=\"1\">Q3<\/th>\n<th class=\"column-3 sorting\" tabindex=\"0\" colspan=\"1\" rowspan=\"1\">YTD<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n<td class=\"column-1\">Silver<\/td>\n<td class=\"column-2\">-3.2%<\/td>\n<td class=\"column-3\">39.0%<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n<td class=\"column-1\">Brent Oil<\/td>\n<td class=\"column-2\">-1.2%<\/td>\n<td class=\"column-3\">34.2%<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n<td class=\"column-1\">Zinc<\/td>\n<td class=\"column-2\">-3.2%<\/td>\n<td class=\"column-3\">31.4%<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n<td class=\"column-1\">WTI<\/td>\n<td class=\"column-2\">-2.1%<\/td>\n<td class=\"column-3\">30.1%<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n<td class=\"column-1\">Palladium<\/td>\n<td class=\"column-2\">19.1%<\/td>\n<td class=\"column-3\">28.4%<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n<td class=\"column-1\">Gold<\/td>\n<td class=\"column-2\">-1.3%<\/td>\n<td class=\"column-3\">24.3%<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n<td class=\"column-1\">Natural gas<\/td>\n<td class=\"column-2\">-2.7%<\/td>\n<td class=\"column-3\">23.8%<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n<td class=\"column-1\">Nickel<\/td>\n<td class=\"column-2\">11.9%<\/td>\n<td class=\"column-3\">23.5%<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n<td class=\"column-1\">Platinum<\/td>\n<td class=\"column-2\">-2.8%<\/td>\n<td class=\"column-3\">15.9%<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n<td class=\"column-1\">Aluminum<\/td>\n<td class=\"column-2\">1.4%<\/td>\n<td class=\"column-3\">12.8%<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n<td class=\"column-1\">Soybeans<\/td>\n<td class=\"column-2\">-18.0%<\/td>\n<td class=\"column-3\">10.4%<\/td>\n<\/tr>\n<tr class=\"row-13 odd\">\n<td class=\"column-1\">Copper<\/td>\n<td class=\"column-2\">-0.5%<\/td>\n<td class=\"column-3\">3.6%<\/td>\n<\/tr>\n<tr class=\"row-14 even\">\n<td class=\"column-1\">Corn<\/td>\n<td class=\"column-2\">-6.5%<\/td>\n<td class=\"column-3\">-5.9%<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n<td class=\"column-1\">Coal<\/td>\n<td class=\"column-2\">1.3%<\/td>\n<td class=\"column-3\">-7.7%<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n<td class=\"column-1\">Wheat<\/td>\n<td class=\"column-2\">-6.3%<\/td>\n<td class=\"column-3\">-14.4%<\/td>\n<\/tr>\n<tr class=\"row-17 odd\">\n<td class=\"column-1\">Uranium<\/td>\n<td class=\"column-2\">-12.0%<\/td>\n<td class=\"column-3\">-31.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>There\u2019s no doubt that Q4 will be another interesting quarter for the sector.<\/p>\n<p>In November, the U.S. election will take place, and pundits are warning that a <a href=\"http:\/\/fortune.com\/2016\/09\/07\/mark-cuban-criticizes-trump\/\">certain result<\/a> would cause extreme market volatility. At the same time, some experts think that this unpredictability could fuel a mega-rally in <a href=\"http:\/\/www.marketwatch.com\/story\/how-donald-trump-could-spark-a-huge-gold-rally-2016-07-22\">gold and other precious metals<\/a>. We think both of these things are possibilities.<\/p>\n<p>Meanwhile, the recent tentative OPEC deal has brought crude oil to <a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN12401K\">four-month highs<\/a>. However, markets are skeptical that the deal is <a href=\"http:\/\/www.forbes.com\/sites\/davidblackmon\/2016\/09\/29\/the-opec-deal-a-paper-tiger-without-the-paper\/#59472b1a73e9\">for real<\/a>, and the general sentiment seems to be that a production freeze may fail to materialize as all parties try to finalize the deal.<\/p>\n<p>What are your predictions for commodities over the next three months?<\/p>\n<div><a href=\"http:\/\/www.visualcapitalist.com\/commodity-update-summer-slump-q3\/\"><img decoding=\"async\" src=\"http:\/\/2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/10\/commodity-update-q3.jpg\" alt=\"\" border=\"0\" \/><\/a><\/div>\n<div>Courtesy of: <a href=\"http:\/\/www.visualcapitalist.com\/\">Visual Capitalist<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Last update, we triumphantly proclaimed thatcommodities were \u201cback\u201d. However, we did forget to add one important caveat, which is that they could still get hit hard in the short-term by the classic \u201cSell in May and Go Away\u201dmarket sentiment. In Q3, commodities as a whole entered a \u201csummer slump\u201d, returning -5.7% as measured by the &hellip; <a href=\"https:\/\/yinghuiinternational.com\/index.php\/2016\/10\/05\/commodity-update-for-q3-2016\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Commodity update for Q3 2016&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-1802","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-t4","jetpack-related-posts":[{"id":8916,"url":"https:\/\/yinghuiinternational.com\/index.php\/2025\/02\/21\/olympic-dam-the-worlds-largest-uranium-deposit\/","url_meta":{"origin":1802,"position":0},"title":"Olympic Dam: The world\u2019s largest uranium deposit","author":"yinghui","date":"February 21, 2025","format":false,"excerpt":"Tom Parker Image: RHJ\/adobe.stock.com While the likes of Kazakhstan, Canada and Namibia are known for being dominant uranium producers, Australia lays claim to the world\u2019s largest uranium deposit. Olympic Dam, which is seemingly one of the most geologically and mineralogically diverse mines globally, holds more than two million tonnes of\u2026","rel":"","context":"In &quot;Clients&quot;","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8744,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/06\/25\/a-new-global-uranium-power\/","url_meta":{"origin":1802,"position":1},"title":"A new global uranium power","author":"yinghui","date":"June 25, 2024","format":false,"excerpt":"TOM PARKER uranium mineral isolated on black background. Highly radioactive and dangerous ore. Paladin Energy is looking to grow its global uranium footprint through the acquisition of Canadian-focused Fission Uranium. (PDN\u6536\u8d2d\u4f18\u8d28\u94c0\u77ff\u540e\u590d\u76d8\u8865\u8dcc5.1%\uff0c\u672c\u6b21\u914d\u80a1\u6536\u8d2d\u7a00\u91ca\u80a1\u4e1c\u6743\u76ca\uff0c\u5728\u80a1\u4e1c\u5c06\u8981\u770b\u5230\u62c9\u683c\u77ff\u6709\u6536\u76ca\u7684\u65f6\u5019\u518d\u6dfb\u65b0\u541e\u91d1\u517d\uff0c2029\u5e74\u8ba1\u5212\u6295\u4ea7\u7684\u5e15\u7279\u68ee\u6e56\u9879\u76ee\u672a\u67655\u5e74\u95f4\u9884\u8ba1\u975e\u5e38\u70e7\u94b1\uff0c\u8fd9\u4e5f\u662f\u80a1\u4e1c\u4eec\u6ca1\u6709\u56e0\u8be5\u6ea2\u4ef7\u6536\u8d2d\u5c31\u7acb\u5373\u7092\u9ad8\u80a1\u4ef7\u7684\u539f\u56e0\u3002) Fission shareholders would receive 0.1076 Paladin shares for each Fission share as part of the deal, which represents an\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":652,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/12\/05\/the-2015-metals-outlook-what-lies-ahead\/","url_meta":{"origin":1802,"position":2},"title":"The 2015 Metals outlook: What lies ahead","author":"yinghui","date":"December 5, 2014","format":false,"excerpt":"The mining industry has experienced a dire 12 months. There have been mass layoffs, write downs, and projects being stalled or delayed, whilst exploration has basically come to a standstill. From the Global Financial Crisis, which seemed to act as the ignition point for this apparently unstoppable boom, commodity prices\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2652,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/03\/06\/australia-tops-the-world-in-nine-commodities\/","url_meta":{"origin":1802,"position":3},"title":"Australia tops the world in nine commodities","author":"yinghui","date":"March 6, 2018","format":false,"excerpt":"Federal Government statistics have been released showing that Australia has the world\u2019s largest identified resources in nine major mineral commodities. 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It looks likely that the recent fall in commodity prices may be one of the biggest ever on\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"187855-us-stock-market_300","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/01\/187855-us-stock-market_300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2554,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/01\/10\/where-are-australias-major-mining-projects\/","url_meta":{"origin":1802,"position":5},"title":"Where are Australia\u2019s major mining projects?","author":"yinghui","date":"January 10, 2018","format":false,"excerpt":"The number of committed mining and energy projects in Australia has increased by 21 per cent over the past year. 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