Ventas por panico en los commodities los hacen caer a sus niveles mas bajos en 11 meses debido a la crisis europea.
El indice de 24 materias primas cayeron 3.4%
El panico empezo en el oro y se contagio al petroleo y a los metales basicos debido a la decepcion de los inversionistas por la poca accion por parte de los bancos centrales.
Lo que esta pasando en Europa esta asustando a mucha gente.
Commodities Fall Most in 11 Weeks in ‘Panic Selling’ on Europe’s Debt Woes
By Yi Tian - Dec 14, 2011 12:18 PM ET .
Commodities headed for the biggest drop in almost 11 weeks, led by gold and crude oil, as concerns mounted that European leaders are failing to stem the region’s debt crisis, eroding demand for energy, metal and crops.
The Standard & Poor’s GSCI index of 24 raw materials declined 3.4 percent to 625.96 at 12:13 p.m. New York time. A close at that level would mark the biggest drop since Sept. 22. Gold futures fell almost $100 to $1,565.70 an ounce, the lowest since Sept. 26. Oil slid more than 4 percent.
German Chancellor Angela Merkel said there is no easy solution to the crisis after rejecting an increase in the upper limit of funding for the region’s permanent bailout mechanism. The euro fell below $1.30 for the first time since January. The Federal Reserve yesterday refrained from taking new measures to spur growth.
“The panic selling started in gold and spread to oil and base metals because investors are disappointed there’s not enough being done by central banks globally,” Nic Johnson, who helps manage $30 billion in commodity assets at Pacific Investment Management Co. in Newport Beach, California, said in a telephone interview. “Liquidity is limited.”
‘Macro Malaise’
Twenty-two of the GSCI components fell. Before today, the measure tumbled 15 percent from a 32-month high of 762.22 in April.
“The markets are sharply lower across the board as we are seeing more of the same ‘macro malaise’ at work,” Edward Meir, an analyst at INTL FCStone Inc. in New York, said in a report. “Most markets are taking their cue from the struggling euro.”
Silver futures slumped as much as 8.7 percent. Copper declined 4.8 percent, the most since Oct. 20.
Crude oil fell the most since September as the Organization of Petroleum Exporting Countries agreed to raise its production ceiling.
“OPEC agreed on a pretty decent hike in the ceiling, especially given the difficult economic realities in Europe,” said John Kilduff, a partner at Again Capital LLC, a New York- based hedge fund that focuses on energy. “The European debt crisis is nowhere close to resolved, so the euro is taking a hit.”
Oil futures for January delivery declined 4.2 percent to $95.96 a barrel on the New York Mercantile Exchange.
Aluminum, nickel, lead, tin and zinc fell in London. Cotton dropped to a 15-month low.
“What’s going on in Europe is scaring a lot of people,” Scott Joss, the president of ClearTrade Commodities in Chicago, said in a telephone interview. “I am looking for the dollar to push higher into the first quarter, which will put a lot of pressure” on raw materials, he said.
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