Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Sunday, September 18, 2011
Imminent Silver Price Crash to Devastate Longs / Commodities / Gold and Silver 2011
By: Clive_Maund
Silver has fallen back over the past week as expected, and although its uptrend from late June has now failed, which is viewed as significant, it managed to hold up above nearby support which may generate a bounce early next week. However, this should not be a cause for celebration by silver longs, as overall the picture for silver continues to look precarious in the extreme. We can see why on the year-to-date chart below, which shows that silver appears to be completing the B-wave of a large 3-wave A-B-C decline, the 3rd wave of which, believed to be imminent, is likely to be really severe and will devastate silver longs.
Sunday, September 18, 2011
Gold Moving Averages Large Gap Calls for Deeper Correction / Commodities / Gold and Silver 2011
By: Clive_Maund
Gold has fallen back over the past week as expected, but so far it has not broken down from its suspected intermediate top area, which would involve its breaking below the support shown on our year-to-date chart below. Friday's action was positive and it is entitled to stage a minor bounce early next week, as it is now not far above this important support level and the support at its rising 50-day moving average, and in addition the compression signaled by the high negative reading of the MACD histogram (blue bars) is calling for an immediate bounce. However, the now very large gap between the 50 and 200-day moving averages, which has grown larger still over the past week, continues to call for a correction below the 50-day moving average, probably to the vicinity of the 100-day moving average now at about 1624, in coming weeks. Thus, after a probable modest bounce early next week, gold is expected to break down below the support and head lower.
Saturday, September 17, 2011
Will Gold and Silver Move Lower Together? / Commodities / Gold and Silver 2011
By: Przemyslaw_Radomski
Ever wonder what it would take for Greece or the other debt ridden nations to leave the euro? According to a UBS report there are no such provisions. It appears that the only way that a country could leave in a legal way is to negotiate an amendment to create an opt-out clause. That would likely take a long time and would require a negotiation with the entire European Union with possible referenda to be held in some of the countries.
Friday, September 16, 2011
Why the Gold Price is So High? / Commodities / Gold and Silver 2011
By: MISES
Ever since Ben Bernanke began flooding the banking system with trillions of new dollars in the fall of 2008, economists and other pundits have disagreed on whether the US is in store for a grinding deflation or an accelerating inflation. Part of the disagreement stems from some people using the terms to refer to prices, whereas others refer to changes in the total quantity of money and credit.
Friday, September 16, 2011
What a Major Banking Crisis Would Do To the Gold Price / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
Loss of Faith and the Decay of Trust in Measured Terms
With the downgrade of Societe General and Credit Agricole, two of the largest French banks, because of their Greek debt holdings, it is certain that any default by Greece (which still looks more than likely) will trigger major banking crises. Moody's lowered Credit Agricole to Aa2 from Aa1 because of its Greek holdings, and will continue to review the impact of funding markets on the rating. Societe Generale was reduced to Aa3 from Aa2, with a negative outlook, as Moody's re-evaluated its level of state support. BNP Paribas (BNP) SA, the largest French bank, had its Aa2 long-term rating kept on review for a possible cut. French lenders top the list of Greek creditors with $56.7 billion in exposure to private and public debt. BNP Paribas has declined 41% in Paris trading this year, Credit Agricole has fallen 46% and Societe Generale has dropped 55% on escalating concern that the European sovereign debt crisis is turning into a banking crisis.
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Friday, September 16, 2011
Ongoing Silver Bear Market Means Investors Should Diversify Into Rhodium / Commodities / Rhodium
By: Ned_W_Schmidt
RHODIUM TRADING THOUGHTS is about timely and profitable trading of precious metals. We do not believe every turn in the market can be called. Our goal is that our recommendations should be profitable. Profits are the goals, not trades. Do not expect all recommendations to be profitable. No system can achieve that lofty goal. Our goal is simply to state whether conditions for a metal are favorable or not. Buy signals are issued when appropriate. These signals are generally speaking for day they are issued. If price remains below signal price, buying can be done. Do Not Buy signals are given when market is over bought, and buying is unwise. Blue triangles indicate an over bought condition. These would not be good times to buy, so they are labeled Do Not Buy. Software is not showing complete legend, for some reason.
Friday, September 16, 2011
Gold Rallies on Dollar Bailout of Europe / Commodities / Gold and Silver 2011
By: Ben_Traynor
U.S. DOLLAR gold bullion rallied to $1789 an ounce Friday morning London time – down 3.6% from last week's close – following a sharp fall that began the previous day after key central banks announced they will begin US Dollar liquidity operations.
Silver bullion gained 1.9% from Friday morning's low to hit $40.20 per ounce by lunchtime – though this still represents a 2.9% drop for the week.
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Friday, September 16, 2011
Silver is Once Again Beginning a Runup / Commodities / Gold and Silver 2011
By: George_Maniere
Silver prices are once again enjoying a run-up as they did from January through April. During that period they doubled and briefly touched $50 an ounce before settling back down to the low $30s.
As I write, silver prices are back above $40 an ounce and that may be giving you the urge to sell. I would advise that you don’t. This recovery is for real, and it has much further to go.
Friday, September 16, 2011
Don't Sell Your Silver Until It Hits $150 / Commodities / Gold and Silver 2011
By: Money_Morning
Martin Hutchinson writes:
Silver prices had an exciting run-up in the year ending in April - they almost tripled, briefly touching $50 an ounce before settling back down to the low $30s.
Now, silver prices are back above $40 an ounce. That may have you feeling the urge to sell - but don't.
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Friday, September 16, 2011
Gold Caution is Warranted / Commodities / Gold and Silver 2011
By: Toby_Connor
I realize most people that come to this blog are bullish on gold. I myself am definitely bullish long-term. That being said, warning signs are starting to build.
Since gold is down this morning there's a good chance that the mining stocks are going to break the intermediate trend line today. The complete failure to follow through on the move above 600 is also concerning. Usually after an asset has tested an area three times the breakout occurs with strong follow-through.
Friday, September 16, 2011
Falling Crude Oil Prices: Worrying Trend or Saving Grace? / Commodities / Crude Oil
By: Marin_Katusa
Marin Katusa, Casey Energy Team writes: When oil prices start to decline, investors and economists get worried. Oil prices in large part reflect global sentiment towards our economic future – prosperous, growing economies need more oil while slumping, shrinking economies need less, and so the price of crude indicates whether the majority believes we are headed for good times or bad. That explains the worry – those worried investors and economists are using oil prices as an indicator, and falling prices indicate bad times ahead.
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Friday, September 16, 2011
Lehmans' 3rd Anniversary Sees Gold 132% Higher, Eurozone Split Over "Collectivized Debt" / Commodities / Gold and Silver 2011
By: Adrian_Ash
THE PRICE OF PHYSICAL gold fell in wholesale dealing for the sixth time in nine sessions on Thursday morning in London, as world stock markets rallied sharply on the third anniversary of the collapse of Lehmans Bros. investment bank.
Flirting with $1800 per ounce – some 6.3% below last week's new record high – the gold price still stood 132% higher from 15 Sept. 2008.
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Thursday, September 15, 2011
China is Interested in Biofuels - Why Not the West? / Commodities / Ethanol
By: OilPrice_Com
China, arguably the world's most influential and dynamic economy, is beginning to eye renewable as a partial solution to its voracious and growing energy needs. If Beijing determines that biofuels represent the future, expect to see the current modest western investment field to change dramatically.
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Wednesday, September 14, 2011
The Gold and Silver Bull Market Prices Heading Higher Despite "bumps on the road" / Commodities / Gold and Silver 2011
By: Bob_Chapman
In the case for gold and silver, it has been go long and stay long for 11 years. During that period great gains have been made during what was the formidable first phase of the gold and silver bull market. Gold was $260.00 and silver was $3.50. Some stocks rose from $4.00 to $86.00, some from $0.80 to $42.00. This performance in spite of gold and silver suppression by the US government. In their desire to keep gold and silver subdued all the government really accomplished was to offer an opportunity for buyers to buy at lower prices than they normally would have been able too. In that process buyers have been able to stay ahead of inflation and many have made large profits.
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Wednesday, September 14, 2011
The Gut-Level "Delusion" of Gold / Commodities / Gold and Silver 2011
By: Adrian_Ash
What could be more rational amid this financial crisis than choosing to buy gold...?
THANKS TO late-2011's truly miserable outlook, there are now more bullish gold-price forecasts to choose from than Heinz varieties. UBS sees a 2012 average of $2075 per ounce. Nearer $4000 an ounce would be "fair value" today reckons Paul Tustain here at BullionVault. Dylan Grice at Société Générale says $10,000 isn't impossible.
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Wednesday, September 14, 2011
Dissecting Gold Is a Bubble / Commodities / Gold and Silver 2011
By: Michael_J_Kosares
Jonathan Kosares writes: Members of Wells Fargo's wealth management team released an article recently entitled, "The Gold Bubble," where it is claimed, in no uncertain terms, that gold is in a bubble. While I would not normally spend time rebutting an entity that would shock me far more if they actually put out a recommendation to buy gold, the subsequent readership this article has received (it was referenced in the business section of the Denver Post, for example) suggests it might be an entertaining, and perhaps useful exercise, to dissect their claims point by point to see what, if any, validity they carry.
Wednesday, September 14, 2011
America the Saudi Arabia of Natural Gas Shifts to Export Role / Commodities / Natural Gas
By: The_Energy_Report
With America "the Saudi Arabia of natural gas," as Stansberry & Associates Investment Research Founder Porter Stansberry puts it, U.S. energy independence is no longer a pipe dream. It's evolved from political posturing to promise based on practical factors that he shares in this Energy Report exclusive. Porter's "incredibly bullish" outlook stems in part from technological efficiencies that will help bring enormous amounts of new U.S. production online. Exploiting these technologies, he states, presents the "greatest opportunity the energy complex has over the next several decades."
Wednesday, September 14, 2011
‘Perfect Storm’ of Global Banking and Sovereign Debt Crisis to Lead to Global Currency Crisis / Commodities / Gold and Silver 2011
By: GoldCore
Gold is marginally lower in US dollars and is trading at USD 1,831.60, EUR 1,337.90 , GBP 1,160.50, JPY 140,722, AUD 1,792.60 and CHF 1,610.10 per ounce. Gold’s London AM fix this morning was USD 1,829.00, EUR 1,339.33, GBP 1160.46 per ounce. Yesterday’s AM fix was USD 1,806.00, EUR 1,326.38, GBP 1143.33 per ounce.Read full article... Read full article...
Wednesday, September 14, 2011
Gold heading to $2,350 after EWT Wave 4 Consolidation / Commodities / Gold and Silver 2011
By: David_Banister
In my most recent few forecasts for subscribers and public articles I’ve discussed a major correction in Gold, and it dropped $208 within 3 days of that forecast several weeks ago as Gold traders will recall. Last week I wrote about further consolidation being required in what I’m seeing as a either 4th wave likely “Triangle Pattern” that will consolidate the 34 month run from $681 to $1910 into August of this year, or a 3 wave “A B C” pattern. We are right now in some form of C wave, it’s just a matter now of confirming if we are going to get a “D and E” wave to follow, or the C wave drops lower before we bottom.Read full article... Read full article...
Wednesday, September 14, 2011
Sharp Drop for Gold, Europe's Banks are "Dead Men Walking" / Commodities / Gold and Silver 2011
By: Ben_Traynor
U.S. DOLLAR gold bullion prices fell 1% in an hour Wednesday lunchtime in London, dropping to $1818 an ounce – a 2% loss for the week so far – before bouncing, while stocks gained despite news of a ratings downgrade for two French banks.
Government bonds fell and commodities were steady, while gold bullion prices in Euros dropped to €1325 per ounce as the Euro continued its rise after news that Brussels will consider introducing Eurobonds.
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