Mark Mobius - Commodities in Emerging Markets
Emerging market guru Mark Mobius likes two things about investing in the BRIC countries, and that is consumers and commodities.
The head of Templeton Asset Management said he continues to look for strong performances from countries with strong natural resources and infrastructure and consistency in place to extract and distribute them.
With growing middle classes in BRIC nations, Mobius also likes industries prepared to service them like retail, banking and disposal product firms.
Anyone investing in BRIC economies need to have a longer term outlook to be successful says Mobius, as they are volatile and move up and down quite a bit.
Market timers and other need not apply here or you could get slaughtered from the short term fluctuations of the markets.
Mark Mobius - Commodities in Emerging Markets
Showing posts with label Commodity. Show all posts
Showing posts with label Commodity. Show all posts
Wednesday, March 3, 2010
Tuesday, February 23, 2010
Managed Commodity Assets Fall
Managed Commodity Assets Fall
Managed commodity assets fell for the first time in over a year, said Barclay's Capital, evidently based on worries over the global economy.
Overall commodity assets under management dropped to $245 billion, a $12 billion fall from the $257 billion from last month.
In what I think is a strange response to uncertainty, investors took close to $500 million out of exchange-traded funds, with the majority of that being funds backed by gold and a variety of other precious metals.
At a time when uncertainty should drive smart investors to gold, the idea that taking it out of gold and moving it to something else is ignorant and bizarre, although obviously a lot more was happening than only that in the overall commodity managed assets picture.
Managed Commodity Assets Fall
Managed commodity assets fell for the first time in over a year, said Barclay's Capital, evidently based on worries over the global economy.
Overall commodity assets under management dropped to $245 billion, a $12 billion fall from the $257 billion from last month.
In what I think is a strange response to uncertainty, investors took close to $500 million out of exchange-traded funds, with the majority of that being funds backed by gold and a variety of other precious metals.
At a time when uncertainty should drive smart investors to gold, the idea that taking it out of gold and moving it to something else is ignorant and bizarre, although obviously a lot more was happening than only that in the overall commodity managed assets picture.
Managed Commodity Assets Fall
Friday, January 29, 2010
UBS (UBSN.VX) Adds Gold (SPGH.P) ETN to Commodity Product Offerings
UBS (UBSN.VX) Adds Gold (SPGH.P) ETN
The investment bank unit of UBS AG (UBSN.VX), UBS Investment Bank, announced on Thursday it has added a new exchange traded note (ETN) to its offerings of commodity products, and is trading under the ticker symbol of SPGH (SPGH.P) on the New York Stock Exchange.
The new ETN tracks the performance of the S&P 500 Gold Hedged index.
Christopher Yeagley, the U.S. chief of equity structured products of UBS, said the ETN is offered in response to their clients who desire more exposure to the U.S. equity market while also protecting themselves against the decline in the value of the U.S. dollar as well as inflation.
ETNs, which are developed to track another market index, are senior, unsecured, unsubordinated debt securities, which are charged a fee to participate in.
UBS has a total of 11 ETNs which track a variety of commodities for its investors.
UBS (UBSN.VX) Adds Gold (SPGH.P) ETN
The investment bank unit of UBS AG (UBSN.VX), UBS Investment Bank, announced on Thursday it has added a new exchange traded note (ETN) to its offerings of commodity products, and is trading under the ticker symbol of SPGH (SPGH.P) on the New York Stock Exchange.
The new ETN tracks the performance of the S&P 500 Gold Hedged index.
Christopher Yeagley, the U.S. chief of equity structured products of UBS, said the ETN is offered in response to their clients who desire more exposure to the U.S. equity market while also protecting themselves against the decline in the value of the U.S. dollar as well as inflation.
ETNs, which are developed to track another market index, are senior, unsecured, unsubordinated debt securities, which are charged a fee to participate in.
UBS has a total of 11 ETNs which track a variety of commodities for its investors.
UBS (UBSN.VX) Adds Gold (SPGH.P) ETN
Thursday, January 28, 2010
Commodities VaR: Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and JPMorgan Chase (NYSE:JPM) Down 25 Percent from 2008 Highs
Commodity VaR Major Financial Institutions
In the midst of all the Obama proposal for restrictions on proprietary trading for commodities and other securities, it has been found via the data that financial institutions like Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and JPMorgan Chase (NYSE:JPM) have decreased their Value-at-Risk, or VaR, for commodities, by a minimum of 25 percent since their highs during the ongoing commodity surge in 2008.
That data is in reference to numbers crunched in the fourth quarter of 2009.
What VaR deals with is the confidence or willingness for a financial institution to trade in a particular market sector.
Even so, it's interesting that while the risk appetite seems to have declined some in the fourth quarter, commodities and currency investments helped some of the major financial institutions in America perform much better than they would have without those investments.
Volatile times right now will probably keep commodities in check for the short term, but almost every announcement one way or the other seems to push commodity prices in one direction or the other as uncertainty about true economic recovery, interest rates and what China will invest in commodities in 2010 has the commodity market skittish and seemingly all over the place.
Commodity VaR Major Financial Institutions
In the midst of all the Obama proposal for restrictions on proprietary trading for commodities and other securities, it has been found via the data that financial institutions like Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and JPMorgan Chase (NYSE:JPM) have decreased their Value-at-Risk, or VaR, for commodities, by a minimum of 25 percent since their highs during the ongoing commodity surge in 2008.
That data is in reference to numbers crunched in the fourth quarter of 2009.
What VaR deals with is the confidence or willingness for a financial institution to trade in a particular market sector.
Even so, it's interesting that while the risk appetite seems to have declined some in the fourth quarter, commodities and currency investments helped some of the major financial institutions in America perform much better than they would have without those investments.
Volatile times right now will probably keep commodities in check for the short term, but almost every announcement one way or the other seems to push commodity prices in one direction or the other as uncertainty about true economic recovery, interest rates and what China will invest in commodities in 2010 has the commodity market skittish and seemingly all over the place.
Commodity VaR Major Financial Institutions
Friday, January 22, 2010
Commodity Growth Down for Two Years Says World Bank Report
I'm not at all convinced that the report from the World Bank that commodity growth will be down over the next two years because of the economic crisis and the time it will take to come out of it.
The report states that a weakened recovery will have a negative impact on the price of commodities overall, but I think that will depend upon what the particular commodity is and what country they're talking about.
For example, they use growth rates related to developing countries over the next five to seven years as one measurement, stating they'll be fortunate if their economies growth at a rate of 0.2 percent to 0.7 percent lower than they are today.
While I completely agree that the so-called recovery is largely bogus, as the jobless rate in America "unexpectedly" fell again for the third straight week. I wonder how long this will remain "unexpected" and will be acknowledged as part of the ongoing recession?
But as far as it relates to commodity prices, I think this report is flat out wrong. Why? A five-letter word: China! Very few if any of the prices of commodities is dependent on any developing country. That's ridiculous to even think on.
China's demand for raw materials, energy and food will be the primary driver of commodity prices, with India being a much smaller, but significant player in that regard.
So to connect commodity price movements with any other country than China as the focal point of commodity price increases is to make yourself irrelevant.
Andrew Burns, lead author of the report, said this about the study: "As international financial conditions tighten, firms in developing countries will face higher borrowing costs, lower levels of credit, and reduced international capital flows."
In light of that I want to reiterate what I said above: developing countries are irrelevant to the price movement of commodities. Period! At least for many years into the future. They're completely irrelevant for the next couple of years for sure.
I have no doubt that developing countries will struggle, as the report states, but that isn't what's driving commodity prices in any way, shape or form.
Of course when you get down to it and give your attention to individual commodities, this breaks down as well, as gold is a protection against inflation and a place of safety. That will drive up the price of gold, and that should happen over the next couple of years, although the timing of any price movement can't be for sure.
Anyway, just look to China first, India, and to a lesser extent certain large industries like the housing market and auto industry in the U.S. as to whether raw materials' demand is growing.
But China is by far the best indicator, and as goes China over the next couple of years, so should go the price of commodities.
Commodity Price Growth
Tuesday, September 29, 2009
Commodities | Natural Gas Correction Coming
Commodities: Natural Gas
There is about to be a major correction the the North American natural gas market, as the large number of natural gas producers in America and Canade won't be able to continue on, as there are too many of them in operation today.
What to watch for are those companies high operations costs and low margins, who aren't able to compete with lower prices, which will determine the winners and losers in the coming shakeout in the natural gas industry.
Not that natural gas prices have hit a seven-year low recently, selling at $2.50 per thousand cubic feet. The problem is no natural gas producer is blinking an cutting back on production, evidently thinking they're in it too big to make that decision.
Of course the market will make that decision for them, whether they want to or not, and a market-driven supply and demand response will be the result.
If you're an investor in natural gas, you must face the fall in prices (even though there has been some recent increase in prices in natural gas), and realize that the existing prices of natural gas companies can't continue on without a major correction. Demand is low and supply is high; that will eventually bring down the price of natural gas company stocks, and you don't want to be in them when they plunge.
Either the lack of extra storage of natural gas or a price drop will bring things back to reality. Either way, you need to change your way of thinking if you believe natural gas stocks can hold these prices in the midst of the current natural gas reality.
Commodities: Natural Gas
There is about to be a major correction the the North American natural gas market, as the large number of natural gas producers in America and Canade won't be able to continue on, as there are too many of them in operation today.
What to watch for are those companies high operations costs and low margins, who aren't able to compete with lower prices, which will determine the winners and losers in the coming shakeout in the natural gas industry.
Not that natural gas prices have hit a seven-year low recently, selling at $2.50 per thousand cubic feet. The problem is no natural gas producer is blinking an cutting back on production, evidently thinking they're in it too big to make that decision.
Of course the market will make that decision for them, whether they want to or not, and a market-driven supply and demand response will be the result.
If you're an investor in natural gas, you must face the fall in prices (even though there has been some recent increase in prices in natural gas), and realize that the existing prices of natural gas companies can't continue on without a major correction. Demand is low and supply is high; that will eventually bring down the price of natural gas company stocks, and you don't want to be in them when they plunge.
Either the lack of extra storage of natural gas or a price drop will bring things back to reality. Either way, you need to change your way of thinking if you believe natural gas stocks can hold these prices in the midst of the current natural gas reality.
Commodities: Natural Gas
Tuesday, July 28, 2009
Commodity Bull Market Will Continue
Commodity Prices, Bull Market
A number of factors will contribute to the ongoing commodity bull market, including population growth (although that isn't the primary factor) and other changes that will ensure probably at least a decade or not more of commodity price surges.
Now along with population growth, the more significant reason commodity prices will increase are the emerging middle classes in China and India, and other smaller Asian countries.
After all, population growth won't significantly change things if people aren't able to afford food. Sure, you get the subsidized food, but that always is the basics to survive, never the higher margin food middle classes enjoy and can afford.
But, either way, population growth for general food stuffs, along with available funds from emerging market consumers will drive commodity prices for years to come.
"World population growth trends suggest massive numbers of new global citizens on the way -- citizens that are going to require essentials such as food, clothing and shelter," commodity ETF expert Doug Fabian said.
"For investors who want to ride this population wave, I offer you the PowerShares DB Commodity Index, an exchange-traded fund that seeks to track the performance of the Deutsche Bank Liquid Commodity index," he added.
Of course I've been writing about this for a long time trying to show you the reasons many commodities will be highly profitable. Jim Rogers has also contributed to that conversation, saying that commodities should be the top performing investment for years into the future.
Commodity prices in many cases have dipped because of the temporary economic slowdown, and no matter how long it takes to be dug out of it, eventually commodities will begin to rise again, and when they do, they could explode in price. Of course you can make money whether commodity prices rise or fall, but this makes pricing of them easier than when there's a lot of uncertainty, which over the long term there isn't: commodity prices overall will rise, and that's a surety over the long term.
If Commodity prices continue to lag, that could be a great buying opportunity as well, and could even add to the profits of investors going forward.
Commodity Prices, Bull Market
A number of factors will contribute to the ongoing commodity bull market, including population growth (although that isn't the primary factor) and other changes that will ensure probably at least a decade or not more of commodity price surges.
Now along with population growth, the more significant reason commodity prices will increase are the emerging middle classes in China and India, and other smaller Asian countries.
After all, population growth won't significantly change things if people aren't able to afford food. Sure, you get the subsidized food, but that always is the basics to survive, never the higher margin food middle classes enjoy and can afford.
But, either way, population growth for general food stuffs, along with available funds from emerging market consumers will drive commodity prices for years to come.
"World population growth trends suggest massive numbers of new global citizens on the way -- citizens that are going to require essentials such as food, clothing and shelter," commodity ETF expert Doug Fabian said.
"For investors who want to ride this population wave, I offer you the PowerShares DB Commodity Index, an exchange-traded fund that seeks to track the performance of the Deutsche Bank Liquid Commodity index," he added.
Of course I've been writing about this for a long time trying to show you the reasons many commodities will be highly profitable. Jim Rogers has also contributed to that conversation, saying that commodities should be the top performing investment for years into the future.
Commodity prices in many cases have dipped because of the temporary economic slowdown, and no matter how long it takes to be dug out of it, eventually commodities will begin to rise again, and when they do, they could explode in price. Of course you can make money whether commodity prices rise or fall, but this makes pricing of them easier than when there's a lot of uncertainty, which over the long term there isn't: commodity prices overall will rise, and that's a surety over the long term.
If Commodity prices continue to lag, that could be a great buying opportunity as well, and could even add to the profits of investors going forward.
Commodity Prices, Bull Market
Wednesday, June 24, 2009
Secrets to Successful Commodity Investing
Commodity Investing
Commodities are sometimes made to look far too complicated for the average investor, and so many stay away from what is one of the most exciting and potentially profitable wealth builders for the next couple decades.
I'm going to simplify it for you, and in reality, there is nothing more to it than what I'm about to explain.
The simplicity of commodity investing? It's completely related to supply and demand. Isn't that simple? It's nothing more than that.
Having said that, I'm talking about investing in raw commodities here, not businesses or mining companies that are dependent on the quality of management, labor issues, and a plethora of other issues.
If it's that simple, than why does it seem so complicated? Most of the complications, or perceived complications are in connection to market timers or day traders, who are attempting to make a quick killing and move out of the market.
A lot of media coverage of commodities is connected to this because if offers up drama that interests viewers, and gives something for the talking heads to communicate.
In reality, market timers don't make much money, and those investing for the short term never make the amount of money those with knowledge and in it for the long term do.
So the illusion is created that commodities are completely unpredictable, and investing in them is like gambling. Now if you're trying to time the market, that's not only true of commodities, but it's true of any investment vehicle. Short term investing is gambling, and those entering into may get a high and rush from it, but they're always scrambling to make their next buck, and waiting to hit the big one.
A long term outlook and investing in a commodity itself is the foundation to success in commodity investing.
The next step is the research you do. It must be done on a continuous basis and the macro picture is the thing to be looked at.
By macro picture I mean the overall existing conditions that will determine whether prices of commodities will go up or down. Remember, you can make money in commodities whether the prices are going up or down. The secret is to look for movement, not what the direction of that movement is.
For example, if you're looking at investing in wheat, there could be drought in some regions of the world but a lot of rain in others. Either one could significantly impact the wheat harvest for any given time.
So in the short term, depending on which direction the weather is going, you could have some significant swing in wheat prices because of that.
But if you're looking at the long term, this won't be that big of a deal, as you're in it because of the demand and the ability to supply that demand.
If the demand is there, someone, somewhere, will find a way to meet that demand. It's as simple as that. You can have shortages because of a peculiar set of circumstances where the weather may disrupte wheat production in more than one important place. If that's the case, demand hasn't changed, but the supply could have. That will affect prices in the short term.
But again, it's the long term we're looking at for investing in commodities, and while those fluctuations will happen all the time, we must stay focused on demand and whether that is changing. If demand isn't changing, we can have a very accurate idea of the direction wheat prices will go in the long term future.
Just take whatever commodity you're thinking of investing in and apply these parameters to them. It takes more work with some commodities to research over others, because of the number of industrial uses they may have: for example silver, which is used in an increasing number of products, and so research must take into account demand across a number of product categories to get accurate information that action can be taken on.
Commodity Investing
Commodities are sometimes made to look far too complicated for the average investor, and so many stay away from what is one of the most exciting and potentially profitable wealth builders for the next couple decades.
I'm going to simplify it for you, and in reality, there is nothing more to it than what I'm about to explain.
The simplicity of commodity investing? It's completely related to supply and demand. Isn't that simple? It's nothing more than that.
Having said that, I'm talking about investing in raw commodities here, not businesses or mining companies that are dependent on the quality of management, labor issues, and a plethora of other issues.
If it's that simple, than why does it seem so complicated? Most of the complications, or perceived complications are in connection to market timers or day traders, who are attempting to make a quick killing and move out of the market.
A lot of media coverage of commodities is connected to this because if offers up drama that interests viewers, and gives something for the talking heads to communicate.
In reality, market timers don't make much money, and those investing for the short term never make the amount of money those with knowledge and in it for the long term do.
So the illusion is created that commodities are completely unpredictable, and investing in them is like gambling. Now if you're trying to time the market, that's not only true of commodities, but it's true of any investment vehicle. Short term investing is gambling, and those entering into may get a high and rush from it, but they're always scrambling to make their next buck, and waiting to hit the big one.
A long term outlook and investing in a commodity itself is the foundation to success in commodity investing.
The next step is the research you do. It must be done on a continuous basis and the macro picture is the thing to be looked at.
By macro picture I mean the overall existing conditions that will determine whether prices of commodities will go up or down. Remember, you can make money in commodities whether the prices are going up or down. The secret is to look for movement, not what the direction of that movement is.
For example, if you're looking at investing in wheat, there could be drought in some regions of the world but a lot of rain in others. Either one could significantly impact the wheat harvest for any given time.
So in the short term, depending on which direction the weather is going, you could have some significant swing in wheat prices because of that.
But if you're looking at the long term, this won't be that big of a deal, as you're in it because of the demand and the ability to supply that demand.
If the demand is there, someone, somewhere, will find a way to meet that demand. It's as simple as that. You can have shortages because of a peculiar set of circumstances where the weather may disrupte wheat production in more than one important place. If that's the case, demand hasn't changed, but the supply could have. That will affect prices in the short term.
But again, it's the long term we're looking at for investing in commodities, and while those fluctuations will happen all the time, we must stay focused on demand and whether that is changing. If demand isn't changing, we can have a very accurate idea of the direction wheat prices will go in the long term future.
Just take whatever commodity you're thinking of investing in and apply these parameters to them. It takes more work with some commodities to research over others, because of the number of industrial uses they may have: for example silver, which is used in an increasing number of products, and so research must take into account demand across a number of product categories to get accurate information that action can be taken on.
Commodity Investing
Saturday, April 11, 2009
Oil Commodities | Oil Commodity Becoming a Commodity
When I used the play on words concerning oil commodities and oil becoming a commodity, I mean it in the sense of something that has no competitive advantage at this time.
In business in general, to become a commodity product or service, means you no longer have a moat to protect you, and you're vulnerable to those who can run operations better than you, as you only compete on price.
As far as oil goes, the demand for it is becoming slow low because of the horrific economic turmoil, that even low prices can't get people to travel more and vacation, as fears are keeping them close to home and thinking of ways they can do things for less. That isn't going to change with crude futures prices any time soon.
The latest projections from the International Energy Agency confrim this, saying oil demand will be at the lowest levels since the early part of the 1980s.
Much of the projections for oil commodities demand is based on the number for the first quarter being much lower than it was thought they would be, and so now forecasts are that over 2009 oil demand will come in at about 83.4 million barrels a day globally. That's a huge 2.4 billion barrels of oil a day less than 2008.
There is a growing consensus that oil commodity demand will not rebound until 2010. There is still room for global economic contraction, now expected to drop by 1.4 percent this year.
All of this means oil prices will continue to stay down, and even if they don't, it won't matter, as the oil commodity prices we're now experiencing, along with falling oil demand, tells us that no matter what happens to prices, until economic contraction stops and a real recovery begins, oil will continue to be a commodity in the sense of having a lot of it, but many not willing to over spend on it no matter what the price.
Other than oil contango, there's not really much to get excited about for oil while its in its commodity status.
Hopefully you understand what it means when oil commodities become a commodity, as we're in that stage now, and until that changes, it won't matter what temporary bumps and swings happen, over time demand will continue to stall, along with oil prices.
We are definitely seeing one of the weakest oil commodities experience in a long time.
In business in general, to become a commodity product or service, means you no longer have a moat to protect you, and you're vulnerable to those who can run operations better than you, as you only compete on price.
As far as oil goes, the demand for it is becoming slow low because of the horrific economic turmoil, that even low prices can't get people to travel more and vacation, as fears are keeping them close to home and thinking of ways they can do things for less. That isn't going to change with crude futures prices any time soon.
The latest projections from the International Energy Agency confrim this, saying oil demand will be at the lowest levels since the early part of the 1980s.
Much of the projections for oil commodities demand is based on the number for the first quarter being much lower than it was thought they would be, and so now forecasts are that over 2009 oil demand will come in at about 83.4 million barrels a day globally. That's a huge 2.4 billion barrels of oil a day less than 2008.
There is a growing consensus that oil commodity demand will not rebound until 2010. There is still room for global economic contraction, now expected to drop by 1.4 percent this year.
All of this means oil prices will continue to stay down, and even if they don't, it won't matter, as the oil commodity prices we're now experiencing, along with falling oil demand, tells us that no matter what happens to prices, until economic contraction stops and a real recovery begins, oil will continue to be a commodity in the sense of having a lot of it, but many not willing to over spend on it no matter what the price.
Other than oil contango, there's not really much to get excited about for oil while its in its commodity status.
Hopefully you understand what it means when oil commodities become a commodity, as we're in that stage now, and until that changes, it won't matter what temporary bumps and swings happen, over time demand will continue to stall, along with oil prices.
We are definitely seeing one of the weakest oil commodities experience in a long time.
Friday, April 10, 2009
Commodities | Commodity Loan Repayment Rates
Payment rates for a number of commodities will be the recipients of a new USDA repayment program, in an attempt to offer a more stable system for making a decision on "non-recourse marketing assistance loan repayment rates and loan deficiency payment rates," according to a press release from the USDA.
Included in the commodities that could benefit from the latest system would be feed grains, wheat, mohair, pulse crops, wool and oilseeds. Commodities not being affected by the change are cotton, peanuts and rice.
Supposedly the new system will keep fluctuations in the loan repayment rate from swinging too widely, and will 'moderate' those actions.
Taking into account the 2008 Farm Bill, the loan repayment rate could in reality be anything, as it's determined by either the average market prices over the prior 30 days, or any type of alternative method a Secretary of Agriculture decides.
In mid April, the USDAs Commodity Credit Corporation will list the repayment rates from the last month for wheat, corn, grain sorghum, soybeans, barley, oats, canola, flaxseed and sunflower seed.
During the same period, evidently the Commodity Credit Corporation will also list a repayment rate in relationship to the last five days.
The existing method of determining repayments is based on the market rates of the day before. Now it will be the lower of the two methods mentioned.
There are other elements of the 2008 Farm Bill which eliminated the Secretary of Agriculture from establishing loan and repayment rates for other cops as well. Some crops will have loan repayment rates based on U.S. grade #1.
Included in the commodities that could benefit from the latest system would be feed grains, wheat, mohair, pulse crops, wool and oilseeds. Commodities not being affected by the change are cotton, peanuts and rice.
Supposedly the new system will keep fluctuations in the loan repayment rate from swinging too widely, and will 'moderate' those actions.
Taking into account the 2008 Farm Bill, the loan repayment rate could in reality be anything, as it's determined by either the average market prices over the prior 30 days, or any type of alternative method a Secretary of Agriculture decides.
In mid April, the USDAs Commodity Credit Corporation will list the repayment rates from the last month for wheat, corn, grain sorghum, soybeans, barley, oats, canola, flaxseed and sunflower seed.
During the same period, evidently the Commodity Credit Corporation will also list a repayment rate in relationship to the last five days.
The existing method of determining repayments is based on the market rates of the day before. Now it will be the lower of the two methods mentioned.
There are other elements of the 2008 Farm Bill which eliminated the Secretary of Agriculture from establishing loan and repayment rates for other cops as well. Some crops will have loan repayment rates based on U.S. grade #1.
Monday, March 3, 2008
Privacy Policy
Update April 2009 - Privacy Policy
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If you would like more information about this practice and to know your choices about not having this information used by these companies, you can visit Google's Advertising and Privacy page.If you wish to opt out of Advertising companies tracking and tailoring advertisements to your surfing patterns you may do so at Network Advertising Initiative.Google uses the Doubleclick DART cookie to serve ads across it's Adsense network and you can get further information regarding the DART cookie at Doubleclick as well as opt out options at Google's Privacy Center
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I use outside ad companies to display ads on this blog. These ads may contain cookies and are collected by the advertising companies and I do not have access to this information. I work with the following advertising companies: Google Adsense.
This website/blog uses third-party advertising companies to serve ads when visiting this site. These third parties may collect and use information (but not your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you.
If you would like more information about this practice and to know your choices about not having this information used by these companies, you can visit Google's Advertising and Privacy page.If you wish to opt out of Advertising companies tracking and tailoring advertisements to your surfing patterns you may do so at Network Advertising Initiative.Google uses the Doubleclick DART cookie to serve ads across it's Adsense network and you can get further information regarding the DART cookie at Doubleclick as well as opt out options at Google's Privacy Center
I respect your privacy and I am committed to safeguarding your privacy while online at this site commoditysurge.blogspot.com The following discloses how I gather and disseminate information for this Blog.
RSS Feeds and Email Updates
If a user wishes to subscribe to my RSS Feeds or Email Updates (powered by Feedburner), I ask for contact information such as name and email address. Users may opt-out of these communications at any time. Your personal information will never be sold or given to a third party.
Log Files and Stats
Like most blogging platforms I use log files, in my case Statcounter. This stores information such as internet protocol (IP) addresses, browser type, internet service provider (ISP), referring, exit and visited pages, platform used, date/time stamp, track user’s movement in the whole, and gather broad demographic information for aggregate use. IP addresses etc. are not linked to personally identifiable information.
Cookies
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