What to Watch in Commodities: Gold, 13Fs, Crude, Deals and Dogs
- Raw materials may face further pressure amid volatile markets
- Bullion producers to report earnings; OPEC, IEA turn in data
Schork Says Oil Is 'in the Midst of a Correction'
Buckle up: commodities are gyrating as equity market turmoil sends ripples through everything from crude to copper. So far on Monday we’re in the green, but there’s much to look out for. Earnings season is going full tilt, and it’ll be dominated this week by gold miners including Barrick Gold Corp. just as bullion’s role as a haven comes in for scrutiny. There’s also a report from Bunge Ltd., the trading giant coveted by Archer-Daniels-Midland Co.
Midweek sees the deadline for 13F filings, while in energy there’s data from OPEC and the International Energy Agency on the state of the play. And in Europe, keep an eye out for a forecast from France for wheat sales beyond the European Union. While all that’s going on, China’s about to step back from global markets as the country shuts down for the Lunar New Year holiday. Just in case you’re wondering, we’re about to embark on the Year of the Dog.