Summary
– Double-digit losses across the board.
– Gold moved lower but remained strong relative to other precious metal prices.
– PGMs were the worst performers.
– Lower lows and lower highs.
– The dollar, U.S. interest rates and China are not bullish for precious metals in 2016.….continue reading HERE
Energy Fourth Quarter Review And The Outlook For 2016
Summary
– Energy was the worst performing sector of Q4 and 2015.
– Heating oil was the worst performing commodity in the sector.
– Crack spreads diverge.
– Natural gas trades to decade and a half lows.
– Political premium on crude oil disappears.….continue reading HERE
Base Metals Fourth Quarter Review And Outlook For 2016
Summary
– Base metal prices moved lower again in Q4.
– The only base metal that appreciated in Q4 was lead which was the best performer in the sector in 2015.
– Nickel was the worst performing base metal of the quarter and the year.
– China and deflationary pressures caused the sector to lose almost one quarter of its value on the year.
– Base metals are the second worst performing commodity sector of 2015.…..continue reading HERE
