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    • He tangata, he tangata, he tangata* November 14, 2018
      *The people, the people, the people: "You just have to meet the people" is the result of a three-week diversity reporting project undertaken by Whitireia Journalism students. The post He tangata, he tangata, he tangata* appeared first on NewsWire.co.nz.
      Newswire Team
    • ‘You just have to meet the people’ – beyond mental health stigma November 13, 2018
      As New Zealand wakes up to the enormity of the mental health issue, more and more of us are finding the will to tell our stories. The NewsWire team puts people at the heart of the story in a project culminating in this multi-media, interactive long read. The post ‘You just have to meet the people’ – beyond mental health stigma appeared first on NewsWire.co.n […]
      Newswire Team
    • Royals put spotlight on mental health at iconic Wellington cafe October 30, 2018
      The royal visitors put Wellington's Maranui cafe in the spotlight on Monday as LEAH TEBBUTT reports. The post Royals put spotlight on mental health at iconic Wellington cafe appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Anxious moments as armed police board bus October 30, 2018
      Passengers on the Island Bay bus got more than they paid for as NIKITA RAWNSLEY WRATT reports. The post Anxious moments as armed police board bus appeared first on NewsWire.co.nz.
      Nikita Rawnsley-Wratt
    • Robotics team wins big in international competition October 16, 2018
      University robot rolls into the winner’s circle at international competition. BONNIE MOSEN reports. The post Robotics team wins big in international competition appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Blind patrons catered for at Nutcracker performances October 16, 2018
      The Nutcracker ballet will offer audio description to blind audience members. BONNIE MOSEN reports. The post Blind patrons catered for at Nutcracker performances appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • LISTEN: New Zealanders like their internet without limits October 15, 2018
      Broadband use is rising rapidly In this country. LEAH TEBBUTT reports. The post LISTEN: New Zealanders like their internet without limits appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • LISTEN: Calls for change to benefit system October 15, 2018
      The Green Party wants an overhaul to the benefit system. LEAH TEBBUTT reports. The post LISTEN: Calls for change to benefit system appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Benefit system failing the most vulnerable October 15, 2018
      Green Party are changing the benefit system. LEAH TEBBUTT reports. The post Benefit system failing the most vulnerable appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Rainbow crossing a small step in the right direction October 15, 2018
      Members of the rainbow community say Wellington’s new rainbow crossing is a sign of visibility and pride for the capital. The crossing which was officially opened last week was a collaborative effort between the Wellington City Council and the rainbow community. Support group, Inside Out’s national coordinator, Tabby Besley says the crossing is important for […]
      Leah Tebbutt
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Why uranium prices aren’t soaring

The Financial Post has a story about why uranium prices have failed to reach the highs of 2007, despite experts saying the outlook for the nuclear metal is brighter than other commodities.

Big hedge funds and other sophisticated financial players were responsible for the spot price of uranium increasing by 800% between 2004 and 2007, but the financial meltdown last year has forced many of them sell their contracts.

Many utilities bought up large after the forced sales and are well stocked at the moment.

As a result, without those funds buying urnanium, the price has remained low.

Meanwhile, the article also says the increase in cooper and nickle prices is due to stockpiling and speculative investment from China, where relaxed lending standards from its banks are seeing investors take advantage to get a slice of the action:

When spot uranium prices soared to nearly US$140 a pound in 2007, critics blamed hedge funds and other financial speculators for pushing prices to absurd levels unmatched by any other commodity.

Whatever happened to those days?

Commodity prices have been on a tear since March, largely due to buying by speculators playing an economic recovery. Yet uranium – the former ground zero for speculation – is not joining in, even though many industry experts say that the outlook for the nuclear metal is better than most other commodities. READ HERE.

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Bernstein: CFTC’s plans won’t stop wild speculation

Richard Bernstein, the former Chief Investment Strategist and Head of the Investment Strategy Group at Merrill Lynch and CEO of Richard Bernstein Capital Management, believes plans by the Commodity Futures Trading Commission to regulate speculation on the exchange won’t work because it will merely push speculators to the non-regulated over-the-counter markets.

Bernstein also argues that it was hedge funds, not “textbook” speculators, and excessive lending from banks helped fuel the speculative bubble in the oil market in 2007/08.

I loudly applaud the CFTC’s efforts to tighten commodity trading regulations, but I think that Washington still doesn’t fully understand the root cause of today’s speculative commodity and financial markets. 

It’s not about position limits.  It’s about credit flowing to financial speculation instead of toward productive use. READ HERE

Commodify Me! would also like to point out that there is an article in Time Magazine that is closely related to this: Why There Should Be More Oil Speculation, Not Less.