Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, March 02, 2012
Nymex Crude Oil Looking Higher / Commodities / Crude Oil
The decline in nearby NYMEX Crude Oil prices from last Friday's high at 109.95 to yesterday's low at 104.84 returned the price structure to its prior multi-month upside breakout plateau at 104.50 (from Feb 19). This contained the selling pressure and attracted buying interest that then propelled oil above 107.00, in what looks like the completion of a near-term correction within the larger bull move off of last October's low at 74.95.
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Friday, March 02, 2012
High Voltage Oil Saving - Last Chance For The Electric Car / Commodities / US Auto's
Whether its the French-Japanese Nissan Leaf or the all American Chevrolet Volt, Chinese-American BYD and India's Reva, small scale producers of all-electric vehicles in other countries, and the infant industry's derived service providers like Israeli majority owned Better Place, times are very hard. Sales are in no way "exploding" and the reasons are starkly clear.
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Thursday, March 01, 2012
The Mystery Behind Rising Crude Oil Prices Solved / Commodities / Crude Oil
Everything I’ve been warning about regarding the fallout from global central bankers’ love affair with inflation is coming to fruition. Consumers are once again dealing with the fact that the cost of filling up their gas tank is eating a significant portion of their disposable income. The price of a barrel of oil is now soaring above $100 a barrel; just as it always has done when the Fed has gone on one of their counterfeiting sprees. And it’s not just dollars that have been eroding in value because the price of oil in Euros is now at a record high. The sad truth is that with each iteration of QE, either in the U.S. or around the globe, it has sent oil prices skyrocketing, inflation rising and the economy into the tank.Read full article... Read full article...
Thursday, March 01, 2012
"Speculation" in Absence of Physical Demand Blamed for Gold's 5% / Commodities / Gold and Silver 2012
PRECIOUS METALS rallied in Asian and early London trade Thursday morning, with gold futures at one point recovering more than a third of yesterday's sharp $100-per-ounce decline as global stock markets also rose.
Broad commodity markets rose, but the single Euro currency slipped to fresh 1-week lows as European banks received the €529 billion in 3-year loans they requested from the European Central Bank's LTRO program yesterday.
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Thursday, March 01, 2012
Gold Fractal Projection of $3,500 into Mid 2012 Remains Intact! / Commodities / Gold and Silver 2012
As we have discussed in a previous article, our Fractal Model suggests the wave for Gold in US Dollars will sweep up into the $3500 to $3600 area into the mid-year time-frame. The leading edge of that time-frame begins in May and extends out for a few months. A potential for Gold to spike to a $3900 extended fib level exists. Like all parabolic moves in Gold, the late stages create the biggest price movements. Personally, I would be happy with a huge Gold run up to the $3200 level.
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Thursday, March 01, 2012
Is Gold Backwardation Now Permanent? / Commodities / Gold and Silver 2012
Keith Weiner, Casey Research writes: Worldwide, an incredible tower of debt has been under construction since President Nixon's 1971 default on the gold obligations of the US government. His decree severed the redeemability of the dollar for gold and thus eliminated the extinguisher of debt. Debt has been growing exponentially everywhere since then. Debt is backed with debt, based on debt, dependent on debt and leveraged with yet more debt. For example, today it is possible to buy a bond (i.e., lend money) on margin (i.e., with borrowed money).
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Thursday, March 01, 2012
Quality Gold Junior Miners Poised to Soar / Commodities / Gold & Silver Stocks
After a tough 2011, the junior resource market is turning and things are definitely looking up, Resource Opportunities Publisher Lawrence Roulston tells us in this exclusive interview with The Gold Report. The mood of investors in the resource sector has turned positive, and based on the sentiment and interest shown at recent investment conferences, the smart money is looking for deals that have real upside potential. Roulston tells us about several he feels are poised for significant action as the market heats up.
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Thursday, March 01, 2012
Iran Embraces Gold as Real Money / Commodities / Gold and Silver 2012
Federal Reserve Chairman Ben Bernanke was once confronted by Ron Paul with the now famous question, “Is gold money?” Bernanke replied “no” and said central banks hold the precious metal as “tradition.” However, the Central Bank of Iran appears to disagree with Bernanke and is substituting gold for U.S. dollars.
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Thursday, March 01, 2012
Silver – Is the Party Over? / Commodities / Gold and Silver 2012
A couple of weeks ago, we compared the Bull market of Silver to the Nasdaq Bubble…
We wrote that Silver could go as high as $38, but that that might be an inflection point.
Silver reached a high of $37.22 last night and $37.62 today, and has thus reached its goal.
Wednesday, February 29, 2012
Crude Oil And Inflation Economic Crisis / Commodities / Crude Oil
Conventional wisdom says high oil prices raise inflation and slow down economic growth. Recessions are therefore caused anytime oil prices spike, we are invited to believe. In the real world, European Central Bank president Mario Draghi has lowered interest rates twice since he took over as head of the ECB in November, as oil prices went on rising, but economic and finance observers claim that keeping borrowing costs down will get harder as oil prices cruise to record levels in euro terms.
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Wednesday, February 29, 2012
Why U.S. Gov't Confiscated Gold in 1933. Can it Happen Again? / Commodities / Gold and Silver 2012
More and more investors are asking this question. Many observers and commentators have ridiculed this idea as archaic with the conditions that led to the confiscation being so different as to leave such a possibility as remote as the return of the dinosaurs.
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Wednesday, February 29, 2012
ECB makes Trillion Euro Bet, What it Means for Gold Price / Commodities / Gold and Silver 2012
In this article Will Bancroft looks at the continuation of the ECB’s lending facility, what its impact will be in the markets, and whether the ECB is aware of the risks of its policies. The analysis looks at a rose tinted future the ECB is banking on, how the people of Southern Europe can check mate the ECB if they do not play ball. Read on for more and what this all means for the gold price.
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Wednesday, February 29, 2012
Markets Flat Following ECB LTRO, "Next Target for Silver" is September High / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold bullion prices hovered around $1785 an ounce Wednesday morning London time, while stocks and commodities were also broadly flat following the European Central Bank's latest attempt to boost the liquidity held by the continent's banks.
Silver bullion meantime hit $37.36 per ounce, its highest level since last September.
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Wednesday, February 29, 2012
Silver Surges 4.5% To Over $37/Oz On “Massive Fund Buying” / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,788.00, EUR 1,329.96, and GBP 1,120.79 per ounce..
Yesterday's AM fix was USD 1,774.75, EUR 1,321.48, and GBP 1,120.42 per ounce.
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Wednesday, February 29, 2012
Gas Prices as an Indicator of Energy Costs / Commodities / Gas - Petrol
The consumer does not need more reminders about the pain experienced with every fill up at the pump. The drain on your pocketbook is growing. During economic dislocation and diminished vitality any prospects of a turnaround dim as gas approaches $4.00 a gallon and beyond. Been here before and the idea that this time the economy will be less effected is unreasonable. The cost for all energy is rising but the impact of gas prices has a personal burden on everyday budgets. The Price of Fuel provides a useful synopsis.Read full article... Read full article...
Wednesday, February 29, 2012
Why Are Gold and Silver Bulls Scared? / Commodities / Gold and Silver 2012
Well, first of all, bull markets climb a wall of worry. But second, there are some powerful media forces trying to maintain the status quo. They are constantly disparaging Gold and talking about imminent corrections, bubbles, etc. As a recent example, Warren Buffett did a recent hit piece on Gold published in the Wall Street Journal (video talking head summary here). And, of course, there is always Jon Nadler at kitco.com to make sure you are NEVER bullish on precious metals no matter what.
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Wednesday, February 29, 2012
Hydrokinetic Power is the Next Wave in Cheap Energy / Commodities / Renewable Energy
Keith Fitz-Gerald writes: In an era of cheap capital, emerging technology companies could provide investors the biggest bang for the buck we've seen in years.
The key is finding a market that already has billions of dollars in pent up demand - like cheap energy.
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Wednesday, February 29, 2012
No Easy Fix for Gas Prices / Commodities / Gas - Petrol
This month, as unleaded gasoline prices increased for 17 consecutive days (to a national average of $3.647 per gallon - up 11% thus far this year) and West Texas Intermediate crude joined Brent crude in breaking through a $100 per barrel level, energy prices emerged as a full blown political issue. While President Obama conveniently claimed that rising prices were the consequence of an improving economy (they're not, and it isn't) Republican fingers began to point sanctimoniously at current drilling policies. And while none of the accusers had any idea why prices were actually going up, the award for the most dangerous 'solution' must go to Bill O'Reilly at Fox News. The master of the "No Spin Zone" announced that high pump prices could be permanently brought down by a presidential order to restrict exports of refined gasoline. Not only does Mr. O'Reilly's idea demonstrate contempt for the U.S. Constitution but it also displays a thorough lack of economic understanding.
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Wednesday, February 29, 2012
More Upside for SLW & GLD / Commodities / Gold and Silver 2012
condense the price action, the pattern that emerges off of last April's peak at 47.60 argues strongly that a complex intermediate-term correction ended at the Oct 4 low of 25.84, a decline of 46%. That was followed by a powerful new up-leg that within the past week has hurdled key resistance at 37.35/40.
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Wednesday, February 29, 2012
Is 2012 the Next 1897? Juniors Prepare for Yukon Gold Rush / Commodities / Gold & Silver Stocks
Chris Devauld writes: When it comes to gold mining, the Yukon needs little introduction. The westernmost territory’s frigid climate and unforgiving terrain hasn’t deterred prospectors, past and present. The end of the 19th century saw gold miners rush in on mere rumours of the yellow metal, which eventually lead to the renowned Klondike Gold Rush in 1897. Now, it appears, history is repeating as the high price of gold drives ambitious juniors back into the rush for riches.
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