Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, August 29, 2011
Gold Indepth Analysis and Charts on Daily and Weekly Timeframes / Commodities / Gold and Silver 2011
Gold touched intra day 1913 before correcting back to 1700. The level of the pullback and the speed with which it pulled back may have surprised many. But this was expected given the parabolic trend (Weekly charts) into which Gold has now entered.
We have superimposed powerful indicators on daily and weekly charts for Gold to understand price action in future. So often proved by us, that yesterday price action can predict tomorrow price action with a high degree of certainty!
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Monday, August 29, 2011
Gold Stocks Inch Closer to Major Breakout / Commodities / Gold & Silver Stocks
In recent commentaries we’ve discussed the relative strength of the gold stocks and in particular the relative strength of the large miners. This relative strength comes at a time when the sector is nearing a potentially historic breakout. We’ve written about this breakout before but now the gold shares are closing in and it could only be a matter of days. GDX, our proxy for large-caps is now, after almost a year of trading in a tight range, only 3-4% away from new all-time high territory. Meanwhile, ZJG, the Canadian junior gold ETF, though lagging behind, is in great position to follow GDX to new highs.
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Monday, August 29, 2011
Gold Mining Stocks: A Questionable Performance / Commodities / Gold & Silver Stocks
The gold bull remains intact and continues to show strength despite the recent take down. However a question mark still hovers over the gold mining stocks which are trading as though gold is in its seasonally summer doldrums.
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Monday, August 29, 2011
Valuation Gap Makes Gold Miners Attractive But All Miners Aren’t Created Equal / Commodities / Gold & Silver Stocks
Goldwatchers were reminded gold’s volatility works in both directions this week, with prices falling more than $100 an ounce in just one day. We forecasted the selloff last week, explaining a 10 percent correction would be a non-event. Once again the CME Group hiked the exchange’s margin requirements for gold investment to shake out overleveraged speculation. This is a positive for long-term investors.
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Sunday, August 28, 2011
Gold Blow Off May Have Arrived / Commodities / Gold and Silver 2011
Gold Blow Off May Have Arrived
Boy, some of these moves are getting kind of scary. To keep your balance about things it might be very beneficial to watch the long term chart. It does not roller coaster like a short term one. On the other hand there may be just too much action missed between a short term and a long term trend.
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Sunday, August 28, 2011
Gold Head and Shoulders Top? / Commodities / Gold and Silver 2011
After becoming monstrously overbought, gold suffered a heavy smackdown early last week as predicted in last week's update. It plunged back into support at the neckline of a potential Head-and-Shoulders top that we had delineated and then bounced strongly - so strongly that it calls into question the validity of this pattern. This action is shown in detail on the 2-month chart below. If the H & S pattern is negated by the price continuing to advance towards the highs again it does not mean that gold is not marking out an intermediate top or at least a consolidation, however, as it could morph into some other pattern like a Rectangle.
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Sunday, August 28, 2011
Silver Failing to Break Above Resistance / Commodities / Gold and Silver 2011
After one more up day silver reacted back with gold as predicted in the last update and then found support at the lower trendline shown on its 6-month chart above its rising 50-day moving average. We now have to be careful with silver because there is widespread rampant bullishness with some extravagent targets being bandied about, and we know what usually happens when that is the case. Also, as set out in the Gold Market update, gold is still way overbought and thought to be vulnerable to a potentially substantial correction.
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Sunday, August 28, 2011
Gold 2006 vs Gold Today, Does It Look Familiar? / Commodities / Gold and Silver 2011
On April 22nd, we wrote an article “Silver 2006 vs Silver Today, Does it look Familiar?”
The patterns were nearly identical… and so was the huge drop that followed.
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Saturday, August 27, 2011
Betting on Gold and Silver Stocks / Commodities / Gold & Silver Stocks
Chen Lin stumbled into investing. While working on a doctorate at Princeton, he turned $5,411 in his wife's retirement account into $1.5 million. In his newsletter, What is Chen Buying? What is Chen Selling?, Lin shares the fruits of his analytical aptitude. In this exclusive interview with The Gold Report, Lin reveals his latest finds in undervalued gold miners, and why he has high hopes for silver, too.
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Saturday, August 27, 2011
Gold Opportunity Antidote to Cartel Created Crises / Commodities / Gold and Silver 2011
“Gold Cartel Trifecta And Another Temper Tantrum
"They say the price of gas could soon be under $3 a gallon. Do you know what that means? You can now afford to drive by the house you used to live in, go by the job you used to have, and go see the bank where you used to have money." … Jay Leno
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Saturday, August 27, 2011
Mining Stocks Sectors Two Biggest Risks / Commodities / Metals & Mining
Country Risk - Where the political and economic stability of the host country is questionable, and abrupt changes in the business environment could adversely affect profits or the value of the company's assets.
Resource Nationalism - The tendency of people and governments to assert control, for strategic and economic reasons, over natural resources located on their territory.
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Saturday, August 27, 2011
Gold and Silver Deeper Correction Due? / Commodities / Gold and Silver 2011
The rise in the gold price has continued and shown a break up above the trend line. This has always been a sign that the gold, silver prices have 'spiked'. This has always been a signal to be ready to take profits and be ready to go back in lower down.
This was a correct approach and we do not argue with the logic; however, a change is happening in precious metal markets. Over the last few weeks gold has run ahead but it has seen brief and shallow corrections until this last week when traders and speculators caused a 'spike' to $1.910, before an equally dramatic fall back to $1,716. This is not the sort of correction we are discussing here. The speed and extent of the correction did not reflect the market fundamentals.
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Friday, August 26, 2011
Stocks at Rock Bottom, Gold at Top, Is a Bigger Correction Underway? / Commodities / Gold and Silver 2011
To quote Charles Dickens, this week was the best of times, it was the worst of times.
This week Quaddafi was finally cast out, Dominique Strauss Kahn was cleared, Japans’ credit rating was cut, Washington quaked and everyone waited with bated breath for the words from Jackson Hole, WY.
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Friday, August 26, 2011
Gold’s Strength and Vulnerability / Commodities / Gold and Silver 2011
The important thing to note is that a fall of $400 in the Price, some 20% from the Highs, would only bring the market back to the bull trend, rather than break it.
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Friday, August 26, 2011
Carbon Emissions Trading, Rebound From Dual Fibonacci Support / Commodities / Commodities Trading
The sharp price reversal in EUA Carbon Emissions from the May high sidelined earlier bulls. Finally interesting support has emerged from two adjacent Fibo levels, prompting a bounce.
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Friday, August 26, 2011
The Silver Tide is about to Rise / Commodities / Gold and Silver 2011
Silver has now been through a correction and consolidation phase and is all set for the next leg up. We’ll start with a quick look at the chart. First of all please note that the gap between the price of silver and the 200dma has closed considerably as this moving average heads north in support of silver prices. The RSI is now ‘middle of the road’ at 54.39 with room to go either way, however, we expect silver to move higher from here.
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Friday, August 26, 2011
Gold and Silver - The Cure for Panic and Anxiety / Commodities / Gold and Silver 2011
There is something going on in the United States. I can’t quite put my finger on it but there seems to be a change in the attitude of the people. There is a pervasive sense of panic that has permeated every part of our society. I think that our citizens have come to the realization that we have come to a point that unless there are drastic actions taken by our leaders, our great nation is in for a systemic failure. I base this feeling I have on watching the tape and noticing a pattern of heavy selloffs, large purchases of gold and silver, a constant bombardment from the media that we are in serious trouble with the amount of debt we have amassed, growing unemployment, low wage menial jobs and big banks teetering on the brink. To emphasize my point on the banks we need look no further than Bank of America’s CEO Brian Moynihan saying that the bank was well capitalized and then selling Warren Buffet 5 billion dollars of preferred shares of stock. “Something ain’t right in Kansas, Dorothy!”Read full article... Read full article...
Friday, August 26, 2011
Investor Interest in U.S. Biofuel Production Set to Soar / Commodities / Ethanol
On 16 August President Obama announced that the U.S. Departments of Agriculture, Energy and Navy will invest up to $510 million by 2014 in partnership with the private sector to produce advanced "drop-in" aviation and maritime biofuels for military and commercial use. This builds on a directive Obama issued five months ago as part of his "Blueprint for A Secure Energy Future," his administration's policy for reducing U.S. dependence on foreign oil imports, which now cost more than $300 billion.
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Friday, August 26, 2011
More Upside for Silver SLV ETF / Commodities / Gold and Silver 2011
Increasingly, my composite technical work in silver and the iShares Silver Trust ETF (NYSE: SLV) is telling me that the decline from 43.08 to 37.92 since Monday is a completed down-leg within a larger, complex corrective period -- or in and of itself a totally completed correction.
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Friday, August 26, 2011
Uranium and Potash Stocks on the "Frontier" / Commodities / Uranium
Operating out of Uruguay, Carlos Andres' Frontier Research Report provides a vastly different perspective. In this exclusive interview with The Energy Report, he gives us some insights on global mineral exploration and production in areas that are more "out of the way" than what we usually consider. He tells us about two very exciting companies with huge investment potential in projects located in Namibia and Ethiopia.
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