Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, September 27, 2011
Crude Oil Readying for More Downside? / Commodities / Crude Oil
As of this moment, my optimal scenario for the nearby NYMEX oil price calls for a period of stability and/or a recovery rally that grinds into the 80.50-82.00 resistance area prior to another downside pivot that presses the price structure to new lows beneath 75.71 on the way to 70.00-65.00 thereafter.
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Tuesday, September 27, 2011
Is the European Debt Crisis Bullish for Gold? / Commodities / Gold and Silver 2011
Last week was a turbulent period for precious metals. On Friday, gold futures for December delivery fell more than $100 to close at $1640, logging its worst percentage drop in five years. Meanwhile, silver futures dropped $6, its worst single day dollar drop since 1980. Although the Federal Reserve made headwinds for precious metals by not announcing more quantitative easing last Wednesday, other agencies could have a significant impact on precious metals.
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Monday, September 26, 2011
Elliott Wave Counts for AMEX Gold BUGS Index and U.S. Dollar / Commodities / Gold & Silver Stocks
A number of really interesting developments have occurred so far this week. Newmont is making fresh new highs and attached a dividend to rise in turn with the commodity itself. Three hours later, Hecla Mining issued a similar sort of plan. The seniors of the HUI are holding it up, while stocks that I am following Hecla (HL) and US Gold (UXG.TO) still have not put in bottoms. Stocks such as SanGold that are just emerging producers and getting the bugs worked out also are still basing. There are several charts to suggest that gold stocks have broken the downtrend pattern to the broad stock market indices, but still will be subject to corrections when they occur. Since the next major top is not due till late 2012/early 2013 based upon our Contracting Fibonacci spiral cycle, gold and silver stocks have a very nice run ahead of them. However, the opportune time lies somewhere between now and mid November 2011.
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Monday, September 26, 2011
Why the Gold Price Fell / Commodities / Gold and Silver 2011
In what seemed like just moments, the global markets began to tumble and gain momentum, falling between 5% and 20% so far, and the falls keep coming. No fundamentals have changed, no breaking news shocked the market, but suddenly we are back to 2008, when highly leveraged investors with as little as 10% paid on their positions were wiped out and forced to sell to stop more losses. As computer-imposed, protective stop-loss instructions were triggered, falls accelerated, wiping out investors left, right, and center.
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Monday, September 26, 2011
Understanding Gold Key Support Levels / Commodities / Gold and Silver 2011
Gold bulls and inquiring minds are perplexed by last week's mayhem in the precious metals markets. In addition to gold and silver, copper prices also went into free fall last week which is an ominous sign for the broader economy in general. We live in interesting times as geopolitical uncertainty, social acrimony, and financial collapse shape the world around us.
The situation in Europe continues to worsen and central banks and wealthy individuals are trying to find safe havens to protect their wealth. Most gold bugs believed that gold and silver would be the answer, but in this environment that hypothesis did not play out. In addition, the Federal Reserve came out with operation twist which market participants despised. Since the 3rd round of Quantitative Easing was not announced, risk assets such as the S&P 500, gold, and silver sold off sharply.
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Monday, September 26, 2011
Gold Margin Hikes Fuels Investor Panic Stampede / Commodities / Gold and Silver 2011
ONGOING high volatility saw the gold price hit an eleven-week low of $1537 an ounce during Monday's Asian trading – a 7.2% fall from Friday's close – after gold futures exchanges in Shanghai and New York announced margin hikes for leveraged traders.
The silver price fell to $26.16 – its lowest level since last November – before rallying 14% in two hours.
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Monday, September 26, 2011
Gold and Silver Get Blasted as Erratic Markets Move to Cash / Commodities / Gold and Silver 2011
Gold is trading at USD 1,613.00, EUR 1,198.37, GBP 1,040.91, JPY 123,180, AUD 1,654.44 and CHF 1,465.41 per ounce.
Gold’s London AM fix this morning was USD 1,615.00, EUR 1,198.96,and GBP 1,041.87 per ounce.
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Monday, September 26, 2011
Gold D Wave Begins, Pointing Towards a November Bottom / Commodities / Gold and Silver 2011
It's taken much longer than I originally expected, but we now have confirmation that gold's D-Wave decline has begun.
A D-Wave decline is a normal, regression to the mean, profit-taking event that occurs when gold gets too stretched above the mean. It is not a take down by an anti-gold cartel. Anyone with a modicum of common sense can look at the long-term chart of gold and tell that this is not a manipulated market. This is just a normal secular bull market, and it is acting exactly like a normal bull market acts.
Monday, September 26, 2011
Huge Profits In Half Priced Silver, How To Enter Safely / Commodities / Gold and Silver 2011
The metals are under attack by the Fat Boys. Bernanke has made it clear that inflation expectations must be purged from the system before any new stimulus can be started.The last round of quantitative easing caused speculation in most commodities. The precious metals were major beneficiaries. The experts warned that the bond vigilantes would soon rain hell's fury on the debt markets. It never happened.
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Monday, September 26, 2011
The Split Personality of Gasoline and Diesel / Commodities / Gas - Petrol
Crude oil tanked to its lowest in more than six weeks, amid a broad selloff in other commodities and equities with investors increasing fear of another global recession after the U.S. Federal Reserve warned of "significant downside risks" to the U.S. economy on Thursday, Sept. 22. Oil prices plunged $5.00 a barrel on that day, and as of Friday, Sept. 23, WTI sank to $79.96 a barrel, while the ever relentless Brent also retreated to $103.97.
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Monday, September 26, 2011
Gold and Silver Crash Generating Big Opportunity / Commodities / Gold and Silver 2011
A few weeks ago I wrote about how gold was starting to top and that everyone should expect a very sharp drop to the low $1600 area. How I came to this conclusion was though the use of inter-market analysis combining price patterns, gold futures volume, the dollar index and market sentiment. This allowed me to understand what the majority of other traders/investors were thinking and feeling. By knowing each of these market variables and crowd behavior I can accurately see into the future a few days with a high probability of success and most importantly with low downside risk.
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Monday, September 26, 2011
The Gold Tsunami Wave Cycle / Commodities / Gold and Silver 2011
The Gold (and Silver) bull continues to closely follow the giant wave formation of a tsunami. The recent more parabolic rise in Gold up to above $1,900 is analogous to the little ridge of water we first saw way out in the distance, and now, much like when the waters recede from the shore early in the tsunami wave formation, Gold is undergoing a correction.
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Sunday, September 25, 2011
Why Gold's Decline is Accelerating? / Commodities / Gold and Silver 2011
"The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to its close. In its place we are entering a period of consequences."
That was Churchill in a speech to the House of Commons at the Palace of Westminster in London on November 12, 1936, as the clouds darkened over Europe. Dark clouds are hovering once again in regard to the euro, eurozone sovereign defaults and an interlinked banking crisis. More than $3.4 trillion has been erased from global equity markets last week, sending a prominent world index of shares into bear market territory, on concern that governments are running out of tools to avert another deep recession.
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Sunday, September 25, 2011
Gold and Silver Liquidation Panic / Commodities / Gold and Silver 2011
"Yesterday, the textbook was thrown out the window. All asset classes saw sudden and sharp moves far in excess of normal volatility patterns. To an old timer, that points to one conclusion. Liquidation. Wide-spread liquidation across asset classes. Currencies, bonds, commodities and stocks all moved swiftly and sharply in a direction that screamed - Seek safety! Raise cash! Get liquid...
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Sunday, September 25, 2011
Gold Warnings Come True, Whilst Silver Falls Off the Cliff / Commodities / Gold and Silver 2011
Indicator warnings come true sometimes and don’t at other times. Timing is the difficult thing with indicators. This past week the warnings over the past few weeks came true with a vengeance. Now what?
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Saturday, September 24, 2011
Why did Gold and Silver Crash? What will the Fed do Next? / Commodities / Gold and Silver 2011
Many people have asked me to comment on the plunge in gold and silver. First let's take a look at the wrong answer: Case Closed: CME Hikes Gold, Silver, Copper Margins
And there you have it: CME just hiked gold margins by 21%, silver by 16% and copper by 18%. Mystery solved.Sorry Tyler, wrong answer. Read full article... Read full article...
Saturday, September 24, 2011
Glowing Prospects for Uranium / Commodities / Uranium
The Western world's skittishness, skepticism and staunch opposition when in comes to nuclear energy won't stand in the way of its production elsewhere in the world. It will be full steam ahead in China, India and other developing nations, says Casey Research Chairman Doug Casey, and the Western world is tiny in comparison. In fact, "I'd say uranium is a great place to be for at least the next generation," he tells us in this Energy Report exclusive. With ever-advancing technology enabling economic recovery in places where it previously wasn't possible, he's also optimistic about natural gas and oil.
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Friday, September 23, 2011
Why Invest in Commodities? / Commodities / Investing 2011
We have crossed a critical threshold. The demand we are now placing on our planets resources appears to have begun to outpace the rate at which they can be supplied.
The gap between human demand on our planet's resources and the supply of those resources is known as ecological overshoot. To better understand the concept think of your bank account - in it you have $5000.00 paying monthly interest. Month after month you take the interest plus $100. That $100 is your financial, or for our purposes, your ecological overshoot and its withdrawal is obviously unsustainable.
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Friday, September 23, 2011
Is Gold really a safe haven in times of crisis? / Commodities / Gold and Silver 2011
The price of gold varies inversely with certainty. The more uncertain the environment, the higher the price of gold because people will scramble for gold as a hedge against uncertainty. However, certain events for the past two weeks have baffled many of us. A couple of weeks ago, when Switzerland pegged its CHR (Swiss Franc) at 1.20 to the Euro, it immediately devalued its currency by about 8%. Since then, the Swiss Franc often viewed as the safe haven among other currencies, has lost its luster.
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Friday, September 23, 2011
Gold and Silver Plunge along with Stocks amid "Full Blown Recession" Fears / Commodities / Gold and Silver 2011
U.S. DOLLAR gold prices fell again on Friday, falling to a seven-week low below $1700 as world stock markets continued to slump – as did industrial commodities – while the zero-yielding Dollar and Yen currencies continued to rally.
Ministers of the G20 group began their weekend meeting to address the Euro crisis. This Sunday marks the 80th anniversary of Great Britain being forced to formally abandon the Gold Standard in 1931.
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