Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, February 17, 2012
Silver Prices Soften as Greek Tragedy Continues / Commodities / Gold and Silver 2012
Prices for precious metals met resistance as Greece continues to be the main focal point in the ongoing European financial crisis. Despite agreeing to strict austerity measures, including cutting 15,000 public sector jobs and cutting the minimum wage by 22 percent, the coalition leaders would not agree to make substantial cuts in supplementary pensions.Read full article... Read full article...
Friday, February 17, 2012
Silver Enters Short Term Trading Range in Bullish Overall Technical Picture / Commodities / Gold and Silver 2012
The technical picture for spot silver has been decidedly bullish since the grey metal made what seems to be a double bottom pattern on its price chart. Basically, the price of silver has fallen to a set of notable medium term lows, first at the $26.05 level on September 26th of last year, and more recently at the $26.15 level on December 29th.Read full article... Read full article...
Thursday, February 16, 2012
Gold Fire Sale, Buy Now Sale Ends Soon / Commodities / Gold and Silver 2012
Inverse Lin-omena, the inverse of the Jeremy Lin phenomena where the unknown and previously discounted suddenly rise to prominence; here, the powerful and previously secure suddenly fall.
Today, central bankers, the mandarins of capitalism, are in disarray. Their attempts to contain capitalism’s current crisis increasingly resemble the tactics of a defeated army in retreat. Like Napoleon and Hitler’s respective “Moscow moments”, the 21st century economic crisis has brought to an end the bankers’ spectacular 300 year run at the table of power and wealth.
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Thursday, February 16, 2012
Will Gold Cleanse The World From Dirty Fiat Currencies? / Commodities / Gold and Silver 2012
On Wednesday, precious metal prices climbed higher as European finance officials considered delaying parts or even all of a second bailout package for Greece. Although gold and silver prices often move inversely of the U.S. dollar, all three edged higher on the news. Despite a temporary boost in the dollar this month, gold and silver continue to receive support from extremely loose global monetary policies.
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Thursday, February 16, 2012
Gold Demand Trends Show Chinese Growth, Indian Weakness / Commodities / Gold and Silver 2012
WHOLESALE MARKET prices to buy gold bullion slipped further on Thursday in London, falling to a three-week low beneath $1709 per ounce as a raft of positive US data buoyed the Dollar, and fresh rumors broke of a Eurozone exit for Greece.
Last night's phone-conference of Euro politicians said that Greece must accept extra budgetary oversight if it is to get the extra bail-out funds to meet March's critical bond-repayment deadline.
Thursday, February 16, 2012
Global Gold Demand in 2011 Rises 0.4% To $200 Billion - Central Banks, Asia and Europe Diversifying Into Gold / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,716.00, EUR 1,320.51, and GBP 1,094.74 per ounce.
Yesterday's AM fix was USD 1,725.50, EUR 1,309.88, and GBP 1,099.33 per ounce.
The World Gold Council released its comprehensive report today, “Gold Demand Trends Q4 and Full Year 2011” looking at demand in gold demand in full year 2011 and the 4th quarter of 2011.
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Thursday, February 16, 2012
Broad Market Nearing Resistance while Gold Stocks Basing After Bottom / Commodities / Gold & Silver Stocks
While the gold stocks have enjoyed a decent recovery, they have certainly lagged the broad market which has almost broken out to new highs. Should you be worried that a major shift is in place? Hardly. The fact is the broad market is in the latter stages of its a cyclical bull while gold stocks just completed a major bottom. Don't call us doom and gloomers because we do not foresee a real bear market. The last phase of a secular bear market tends to be mild in nature but coincides with a strong move in resources, higher inflation and higher interest rates. In looking at the charts, we expect 2012 to be a transition year in which precious metals reemerge while the broad market peters out at resistance.
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Thursday, February 16, 2012
Gold, Silver Heading Up / Commodities / Gold and Silver 2012
Roger Wiegand, editor of Trader Tracks, says cycles will bring gold and silver higher in the first half of 2012: gold up to $2,050/oz and silver up to $44/oz or even $50/oz. He sees plenty of opportunities for volatility given the political and economic situation in the U.S. and the EU. In this exclusive Gold Report interview, Wiegand reveals names of mining companies poised to profit.
The Gold Report: Roger, you attributed the recent uptick in the gold price in part to large funds bidding up the price. But these funds have also shown their willingness to sell their gold positions to cover their short positions. Can gold investors look forward to more volatility this year?
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Wednesday, February 15, 2012
Brent Crude Oil ETF on the Rise / Commodities / Crude Oil
Looking at the U.S. Brent Oil Fund ETF (BNO), all of the action off of last Thursday's high at 82.56 represents a high-level bullish consolidation area that ended yesterday. The pattern is resolving itself to the upside in a thrust towards 84-84.50 next.
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Wednesday, February 15, 2012
Copper Price Forecast, The Fall of The Chinese Miracle 2012 / Commodities / Metals & Mining
Jaroslaw Suplacz writes: Firstly, cycles
The copper consumption has been strongly polarized in recent years. China uses more copper than North America and Europe combined. A drop in copper demand in China alone will signify a global crisis in industries pertaining to this natural raw material.
Despite the high and long-lasting economic growth of China (“despite” and “because of it”) one must remember that economy develops in economic cycles, including long lasting ones, after the economic boom of the Middle Kingdom, there will be a deep recession. The financial system of China may prove to be a bubble and currency reserves, although they appear enormous, will lose their significance against the scale of outstanding credits which were used to finance, among other things, rushed government investments – all of it is still ahead of China.
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Wednesday, February 15, 2012
PIMCO, Texas Teacher Retirement System, Soros Buy GLD; Paulson Sells / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,725.50, EUR 1,309.88, and GBP 1,099.33 per ounce.
Yesterday's AM fix was USD 1,721.00, EUR 1,303.10, and GBP 1,091.80 per ounce.
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Wednesday, February 15, 2012
Gold Retirement Inflation / Commodities / Gold and Silver 2012
Central Banks and their rounds of quantitative easing is something which is garnering more and more attention at the moment. The Central Banks defend their actions by arguing it will boost the economy, but we ask what it will do for the savers? They now face negative real interest rates, plus counterparty risk when their savings are left in the banking system. Jan Skoyles outlines why gold investment may be a more sensible place to place your savings.
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Wednesday, February 15, 2012
Crude Oil Prices Make for Profitable ETF Trades / Commodities / Crude Oil
Today's retail investors have more options than ever before, but there is a shortage of practical information on how to manipulate different investment products, be they ETFs, options or equities. Enter Roger Wiegand, editor of Trader Tracks. In this exclusive interview with The Energy Report, Wiegand discusses his methods for energy investment and how to set tailor-made time and price windows to realize solid gains.
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Wednesday, February 15, 2012
Rare Earth Metals Demand Is Unstoppable / Commodities / Metals & Mining
Not long after the New Year dawned, Gold Stock Trades Editor Jeb Handwerger noted certain rare earths emerging from their 2011 slumber to produce impressive gains. It's not yet March, but the good news keeps coming. Despite dire predictions that demand is drying up, Handwerger tells The Critical Metals Report in this exclusive interview that the world remains at risk of supply shortfalls. It's not strictly a rare earths story, either. Read on to see what he has to say about the nascent niobium space.
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Wednesday, February 15, 2012
Gold’s Demise! / Commodities / Gold and Silver 2012
The media drones on and on like some empty, faceless, meaningless noise, and that’s on a good day. On a bad day it’s like fingernails on a blackboard; this horrible shrieking noise that never let’s up. When I grew up I caught the tail end of Edward R Morrow, a chunk of Walter Cronkite and most of Huntley & Brinkley, and it was still news mixed with a lot of truth and little or no effort to shape your thoughts. Now it’s all about numbing your brain and getting you to buy some worthless piece of garbage that you really don’t need anyway. The financial news is more of the same and the “garbage” they are selling are paper assets. Anything that gets you to do that is good and anything that takes you off of the chosen path is bad. Stocks are good; gold is bad! It’s as simple as that.
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Wednesday, February 15, 2012
Goldcorp (NYSE: GG): A Safe Play for $2,000 Gold / Commodities / Gold & Silver Stocks
The case for investing in gold remains strong: The EU sovereign-debt crisis continues to drag on, while the US economic recovery remains anemic relative to most postwar economic cycles. Meanwhile, central banks purchased about 400 tons of gold last year and will likely add to their stockpiles in 2012.
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Tuesday, February 14, 2012
Why Not Thorium Fueled Nuclear Reactors Instead of Uranium? / Commodities / Nuclear Power
Marin Katusa, Chief Energy Investment Strategist, Casey Research writes: The Fukushima disaster reminded us all of the dangers inherent in uranium-fueled nuclear reactors. Fresh news yesterday about Tepco's continued struggle to contain and cool the fuel rods highlights just how energetic uranium fission reactions are and how challenging to control. Of course, that level of energy is exactly why we use nuclear energy – it is incredibly efficient as a source of power, and it creates very few emissions and carries a laudable safety record to boot.
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Tuesday, February 14, 2012
Natural Gas Price Bottom Building / Commodities / Natural Gas
The bottom-building processing in natural gas and its related ETFs continues, these ETFs including the U.S. Natural Gas Fund ETF (UNG) and ProShares Ultra DJ UBS Natural Gas ETF (BOIL).
The BOIL pattern begins to round to the upside towards a confrontation with its Jan-Feb resistance line, now at 13.95, which if hurdled and sustained should trigger upside follow-through directly to test the prior rally peak at 14.55 (hit on Feb 7).
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Tuesday, February 14, 2012
Graphite of Critical Importance, Investors Pencil It In / Commodities / Metals & Mining
Sometime between 1500 and 1565 a large graphite deposit was discovered in Cumbria, England. Because the graphite was extremely pure and solid it could easily be sawed into sticks. The graphite was actually thought to be a form of lead and called plumbago - Latin for lead ore.
The Borrowable Mine was soon ordered to be put under armed guard by Queen Elizabeth because the "lead" could be used to line the moulds for making her armies cannonballs. But black marketers managed to smuggle out the graphite for continued use in pencils. Artists from all over the known world quickly learned to appreciate the qualities of Cumbria's graphite but it wasn't until 1795 that Nicholas Conte learned to mix graphite powder with clay and fire it in a furnace to actually make something with the equivalent quality of Borrowables plumbago.
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Tuesday, February 14, 2012
Gold Sideways Trading Supported by Physical Demand and Debt Warnings / Commodities / Gold and Silver 2012
THE WHOLESALE market gold price eased to $1713 per ounce Tuesday lunchtime – 1.1% down on the previous day's high – while stock and commodity markets were broadly flat despite several European countries having their sovereign ratings or outlooks lowered last night.
The silver price dipped to $33.37 per ounce – a 0.8% fall on last week's close.
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