Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, July 29, 2011
Will the Debt Ceiling Debate Coincide with Short-term Ceiling for Gold and Silver? / Commodities / Gold and Silver 2011
Here are two words that Americans and the rest of the world have not paid much attention to until now: DEBT CEILING. The debt ceiling drama has been keeping Americans on the edge of their seats – and they better hold on tight as those seats could get repossessed on August 2. It’s as if American’s national credit card, member since 1776, is valid only through 08/02/11. In a nutshell, the debt ceiling is America’s legal limit on borrowing, and the country is maxed out until Congress increases it.
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Friday, July 29, 2011
Gold and Silver Unaffected by Debt Crisis / Commodities / Gold and Silver 2011
With the silver price riveted to the gold price, what happens to gold, applies to silver.
Right now the markets are really starting to wind up over the debt ceiling confrontations. The weekend of U.S. political strife is on the world. It is so easy for the markets and commentators to lead us to believe that the gold and silver prices are rising because of this, but we emphasize that they are not!
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Friday, July 29, 2011
Are Gold and Silver Support and Resistance Levels Holding? / Commodities / Gold and Silver 2011
As I write this, the great debt debacle continues. The House vote on the GOP debt plan, scheduled to take place Thursday night, has been delayed. The markets finally seem to be pricing in the financial mess in Washington, as the S&P 500 (NYSE:SPY) fell 2% on Wednesday, and also closed lower on Thursday. Surprisingly, gold (NYSE:GLD) and silver (NYSE:SLV) have been declining this week as well.
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Friday, July 29, 2011
Are You Brave Enough to Invest in Cotton? / Commodities / Commodities Trading
Although Barclays Capital (NYSE:BCS) released a report recently that inflows into commodity markets fell sharply as the first half of 2011 ended, commodities in general have shown strength. However, cotton has fallen far from its 2011 peak. Shares in The iPath DJ UBS Cotton ETN (NYSE:BAL) now trades around $64, after reaching a 52-week of $117.33 in March of this year. Can cotton rebound from these levels?
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Friday, July 29, 2011
Gold $8,500 Now Possible, IMF Warns American on “Exorbitant Privilege” / Commodities / Gold and Silver 2011
Gold is trading at USD 1,615.20, EUR 1,132.70, GBP 991.92 and CHF 1,293.10 per ounce. Gold’s London AM Fix was USD 1613.75, EUR 1129.76, GBP 991.67 (10:41 GMT). Gold is set to finish a turbulent July higher showing its safe haven attributes again. Gold is higher in all fiat currencies month to date and is 7.6% higher in U.S. dollars.
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Friday, July 29, 2011
Gold Rallies, "Credibility Downgrade" Hits "Irresponsible" Washington / Commodities / Gold and Silver 2011
THE U.S. DOLLAR gold price climbed to $1617 an ounce Friday morning London time – 0.7% off Wednesday's all-time high – as stocks and commodities fell following the decision to cancel a vote on proposals to cut the US deficit.
Heading into the weekend, the gold price was looking at a 1% weekly gain by Friday lunchtime.
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Friday, July 29, 2011
Gold Top Devil’s Advocate / Commodities / Gold and Silver 2011
The persistent and mindless bullishness on gold lately has got me nervous. When I get nervous the first thing I do is pull up a multi-year chart and look at the big picture.
A couple of things are apparent when one looks at the chart below. First as I've noted many times in the past gold has a tendency to move above a big round number before topping. It did it at $1025, $1225, $1432, and gold recently tagged $1630.
Friday, July 29, 2011
Bayonets and Gold / Commodities / Gold and Silver 2011
The history of fiat money has always been one of failure - every fiat currency since the Romans started diluting the silver content of their denarius has ended in devaluation and eventual collapse of both the currency and of that particular economy. Most paper money economies downfall can be linked to the costs of financing out of control military growth and its wars.
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Thursday, July 28, 2011
Gold Choppy, US Reaching End of Empire, Investors Have No Safe Havens Left / Commodities / Gold and Silver 2011
THE PRICE to buy gold in US Dollars oscillated Thursday morning London time – soaring to just under $1620 an ounce before easing back – while stocks fell and commodities were mixed as Washington prepared for a postponed debt ceiling vote.
On Wednesday gold price set a new intraday high in Dollar terms of $1628 per ounce in New York trade – a jump of 1.75% from last Friday's close.
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Thursday, July 28, 2011
Gold Near Record USD and EUR High – Eurozone Debt and U.S. Default Risks Global Financial Contagion / Commodities / Gold and Silver 2011
Gold is marginally higher against most currencies today and is trading at USD 1,614.40, EUR 1,130.50, GBP 990.08 and CHF 1,294.50 per ounce. Gold is flat against the dollar but remains just less than 1% from the record nominal high reached yesterday ($1,628.05/oz). The euro is under pressure again today and gold is 0.7% higher against the euro and is just less than 1.5% away from the record euro high of EUR 1,144.80/oz reached last Monday.
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Thursday, July 28, 2011
Gold and Silver Inter-metal Dynamics / Commodities / Gold and Silver 2011
As risk currencies become quickly overcrowded and range-bound equity indices remain the territory of traders rather than investors, silver once again appears as the notable gainer, characterised by richly similar fundamentals to gold. The only thing is that silver is trading 20% below its record high.
Here are 3 general reasons to our renewed preference for silver...
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Thursday, July 28, 2011
Another Testament to Gold’s Long-Term Value / Commodities / Gold and Silver 2011
Recently a news item was brought to my attention which underscores the long-term significance of gold as an investment. A 500-year-old treasure has been discovered in a Hindu temple with approximately $20 billion. The treasure consists mainly of gold and precious stones. Below is an excerpt from a newspaper describing the treasure:
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Wednesday, July 27, 2011
What Didn't Change When Nixon Cut the Gold Link / Commodities / Gold and Silver 2011
The monetary system that dates back to August 1971 shares one vital trait with its predecessor...
"LET ME lay to rest the bugaboo of what is called devaluation," Richard Nixon told his fellow Americans on August 15 1971.
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Wednesday, July 27, 2011
Is Morgan Stanley Bearish on Gold and Silver? / Commodities / Gold and Silver 2011
The market continues to wait on a debt ceiling outcome as the August 2nd deadline nears. The Dow (NYSE:DIA) closed lower on Tuesday, while oil (NYSE:USO) and precious metals (NYSE:DBP) climbed higher. Commodities (NYSE:RJI) in general received a strong boost from a declining U.S. Dollar (NYSE:UUP). Gold (NYSE:GLD) and silver (NYSE:SLV) in particular are looking strong as paper currencies and investments remain in question. Furthermore, a major bank has raised average target prices for both gold and silver.
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Wednesday, July 27, 2011
Gold Breaches $1625, U.S. Credit Ratings Downgrade Now Almost Certain / Commodities / Gold and Silver 2011
U.S. DOLLAR gold bullion prices hit a new intraday record high of $1625 an ounce in Wednesday's Asian trade – a 1.5% gain on Friday's close – before easing back slightly after London opened.
Stocks and commodities were down but US Treasury bonds rose, as the US Congress had to postpone a vote on the $14.3 trillion debt ceiling.
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Wednesday, July 27, 2011
Gold New Record Nominal Highs ($1,625.70) as CDS Traders Start Positioning for U.S. Downgrades / Commodities / Gold and Silver 2011
Gold is trading at USD 1,620.40, EUR 1,120.50 and GBP 989.08 and CHF 1,298.50 per ounce. Both the dollar and the euro are under pressure again today and gold has reached another new record nominal high of $1,625.70/oz in early European trading.
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Wednesday, July 27, 2011
Peak Oil Has Passed / Commodities / Crude Oil
Self-professed contrarian and 321Energy Founder Bob Moriarty expects energy and food prices to follow oil on an upward trajectory, fueling more and more turmoil, unrest and violence around the planet, including the Western world. Read on for more insights in this exclusive interview with The Energy Report.
The Energy Report: The markets don't appear to have slowed for the typical summer doldrums this year. Instead, they seem to be returning to their pre-May highs, testing the 200-day moving averages. What do you think of this rally?
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Wednesday, July 27, 2011
Top Rare Earth Element Stock Picks / Commodities / Metals & Mining
As uncommon as they may be, rare earth elements are all around you—in your laptop, your cell phone and your flat-screen television. But despite their frequency in our everyday lives, investors still have a lot of false preconceptions about these 16 elements. In this exclusive interview with The Critical Metals Report, Luisa Moreno, a senior analyst with Toronto-based Jacob Securities, delves into the unique challenges rare earth miners encounter and how those can be opportunities for investors.
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Tuesday, July 26, 2011
The Need for a Real Domestic Alternative Energy Policy in the USA / Commodities / Crude Oil
Alternative energy (or renewable energy) is a new manufacturing industry paradigm that is in its infancy. However, the discussion is not new, and it looks as if the United States has positioned itself to be behind history on what can be a very promising industry for a stumbling economy. After the oil shortages in the 70's, government officials began discussing energy policy as a matter of national security, but this misses the point of a globally competitive economic world. It was too early then to begin thinking that China could out-invest the United States in order to produce an alternative energy manufacturing industry.Read full article... Read full article...
Tuesday, July 26, 2011
The World According to Gold – Literally / Commodities / Gold and Silver 2011
Every time I write a “World According to Gold” piece, gold is setting a new record, among a new crop of bubble-callers, and still the world hesitates to pile into gold for fear of getting burned. Many of those who have doubled or tripled their money have since died, retired, or simply kept on making money investing, succumbing to the addictive quality of wealth. The only other consistency with the new old record and another eponymous article, is that there is yet again more fiat capital in the system. But now, the rate at which capital fabrication is increasing is itself increasing. In other words, larger sums are required just to keep the international circle-jerk in motion.
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