Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, June 11, 2011
HUI Gold Stocks Index Heading for Severe Prolonged Correction / Commodities / Gold & Silver Stocks
In the month of March 2008 the HUI reached a high of 519.68. For the first time since April 2008 the black line of the monthly MACD indicator has bearishly crossed beneath the red line. Each crossing led to a prolonged and severe correction. The current bearish crossing should also result in a severe and perhaps prolonged correction.
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Friday, June 10, 2011
Gold and Silver Negative Momentum to Continue? / Commodities / Gold and Silver 2011
Let’s begin today’s discussion with fresh Fed decisions and its implications on capital markets. Ben Bernanke sent a strong signal recently that despite weaker economic data, the US Federal Reserve is not planning to loosen monetary policy. He said that the recovery “appears to be proceeding at a moderate pace”, in other words, no QE3, at least not for now. Wall Street turned south, the 10-year Treasury yield eased back under 3 per cent and gold futures fell. In the last Premium Update before we knew what Bernanke planned to say, we said that it was a good idea to close long speculative positions in gold.
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Friday, June 10, 2011
Why Crude Oil Prices Rise / Commodities / Crude Oil
One thing is sure: oil prices rise when they are not falling. There is an intermediate case: they stay flat, but that is not a trader-friendly situation, because making money from oil price speculation is only possible when prices change. The more they change, the more dosh can be made from organizing price dips and surges. Consequently, even the quickest glance of Nymex or ICE or Tocom (or any other oil market) prices shows one clear thing: they change.
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Friday, June 10, 2011
Gold and Silver Summer Doldrums / Commodities / Gold and Silver 2011
Traders beware, the dreaded precious-metals summer doldrums are now upon us! Summers are barren sentiment wastelands for the entire PM complex. Gold, silver, and the PM stocks tend to grind listlessly sideways to lower, vexing traders who aren’t psychologically prepared to weather this slow season.
A variety of factors drive this phenomenon during the financial-market summers, which run from Memorial Day to Labor Day. The primary one is the same summer psychology that affects all the financial markets, vacation season. Traders flee the markets in droves during these lazy summer months, enjoying the bountiful sunlight, long warm days, and precious family time while their kids are out of school.
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Friday, June 10, 2011
Why Japan Will Turn to Solar Energy Following Fukushima Nuclear Disaster / Commodities / Renewable Energy
As the dire news continues to leach out of Fukishima, the silver lining in its nuclear cloud is that renewable energy technologies, despite their daunting start-up costs, are receiving renewed scrutiny.
Make no mistake - given the trillions of dollars invested over the last five decades in nuclear energy, the industry and its lobbyists will not go down without a fight, promoting new, "safe" reactor designs, etc. etc. etc.
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Friday, June 10, 2011
Gold Top Soon Could Fool Bulls / Commodities / Gold and Silver 2011
First let me start by clarifying I've been a Gold Bull since November 2001 based on Elliott Wave patterns and currency concerns as well. Since that period nearly ten years ago, I have followed and forecasted the patterns in gold and have been amazed at the clearly definable trends both for large moves to the upside as well as corrective patterns.
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Friday, June 10, 2011
Gold Flat On Week, Euro Debt "Showdown...Still Bullish For Gold" / Commodities / Gold and Silver 2011
SPOT MARKET gold prices traded in a tight range around $1542 per ounce Friday morning London time – almost exactly where they started the week – while stocks and commodities fell and US Treasury bonds gained as Eurozone policymakers remained deadlocked over Greece's debt problems.Silver prices rose to $37.87 – a 4.4% gain on the week – before falling back towards lunchtime in London.
Friday, June 10, 2011
Gold Rises to Record £950.81 British Pounds an Ounce / Commodities / Gold and Silver 2011
Gold is trading at $1,540.44/oz, €1,065.02/oz and £944.82/oz.
Gold has risen to new record nominal highs in British pounds and is consolidating just below recent record nominal highs in U.S. dollars, euros and other currencies. The ECB’s rate decision and Trichet’s ‘signals’ saw the euro fall sharply against the dollar and against gold with gold in euro terms quickly rising from €1,050/oz to over €1,065/oz.
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Friday, June 10, 2011
Gold Stocks are Underowned and Oversold but Need Catalyst / Commodities / Gold & Silver Stocks
While Gold is only 2% from all time highs, the gold stocks have struggled and underperformed badly. This is reminiscent of 2008, although we don’t think a similar result is coming. The fact is as QE 2 ends and the failed recovery peaks, money is moving out of risk assets and into Bonds. Gold is holding up very well but the gold stocks are struggling and in need of a catalyst.
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Friday, June 10, 2011
The Charges Against Big Nickel Companies / Commodities / Nickel
In 1946, in New York City, the Anti-Trust Division of the Department of Justice filed a complaint against Inco and its wholly owned U.S. subsidiary, International Nickel Co. Inc.
Canada's Inco, at the time, owned 90% of the world's nickel ore and supplied 90% of U.S. nickel needs.
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Friday, June 10, 2011
Potash Developers Blaze Trail to Brazil / Commodities / Agricultural Commodities
Brazil offers an ideal environment for potash developers, according to Investment Analyst Jaret Anderson of Salman Partners. A robust agricultural sector, favorable government policy and excellent transportation and infrastructure are leading to the development of a number of very attractive potash projects in Brazil. In this exclusive interview with The Energy Report Jaret discusses his Brazil play and others.
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Thursday, June 09, 2011
How I Know Another Gold Correction Is Coming / Commodities / Gold and Silver 2011
Jeff Clark, BIG GOLD writes: The gold price has been rising steadily for almost a year now, with nary a correction. It fell only 4% last month, and the biggest decline since last July was January’s 6.2% drop. These barely register as “corrections” when one considers that we’ve had 18 of them greater than 5% since the bull market began in 2001.
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Thursday, June 09, 2011
Gold Marginally Lower, Silver Showing Strength, Oil Rise Sharply Following Worst Ever OPEC Meeting / Commodities / Gold and Silver 2011
Gold is trading at $1,535.65/oz, €1,050.59/oz and £935.09/oz.
Gold is marginally lower while silver is showing strength again today after yesterday’s 'worst ever' OPEC meeting ended in disarray and saw oil prices surge. The ECB has kept rates on hold and markets await signals as to whether interest rates are set to rise sooner rather than later. Signs of an interest rate rise in July should see the euro and gold rally versus the dollar. The precious metals are also likely to be supported by further sharp falls in peripheral markets bonds, particularly Greece, this morning.
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Thursday, June 09, 2011
Gold Steady, Trading in Tight Range / Commodities / Gold and Silver 2011
THE U.S. DOLLAR gold price continued holding steady on Thursday morning, trading in a tight range around $1536 per ounce – 2.6% off May's spot market record high – while stocks and commodities rose ahead of UK and Eurozone interest rate announcements.
Silver prices gained to hit $37.23 per ounce – 2.7% up on the week so far.
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Thursday, June 09, 2011
Crude Oil vs. Natural Gas, Which One is Wrong? / Commodities / Crude Oil
When we have a look at Oil prices and Natural Gas Prices, we can see that both prices were highly correlated since at least 1994 until early 2009 (with 1 exception in 2001):
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Thursday, June 09, 2011
Stocks, Financial Sector, Gold and Silver Key Technical Support and Resistance Levels / Commodities / Gold and Silver 2011
During the past 4 months we have seen the financial sector (banks) under selling pressure. With real estate prices continuing to fall and foreclosures picking up speed again investors have not been that interested in holding bank stocks. And we all know that without the financial sector moving higher we cannot expect the broad market to make any significant moves higher either.
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Thursday, June 09, 2011
Investor Silver and Gold Stocks Exposure Advised / Commodities / Gold and Silver 2011
Jason Mann's mission is simple. He comes to work every day looking for great values. Recently, he's been finding them in precious metals. Mann, a senior analyst with Freestone Capital Management based in Seattle, explains in this exclusive interview with The Gold Report why about one third of Freestone's $2.1 billion assets under management are invested in non-traditional assets, including commodities.
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Wednesday, June 08, 2011
Investors Salivating Over Mongolian Energy Resources / Commodities / Energy Resources
Mongolia - Place Your Bets?
Sometime in the next 12 months, an energy IPO offering in distant Mongolia already has foreign investors salivating.
The darling of the international energy community is coal company Erdenes-Tavan Tolgoi ("Five Hills") Ltd., popularly known as TT, which has yet to begin operations.
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Wednesday, June 08, 2011
The Million Dollar Gold Arbitrage / Commodities / Gold and Silver 2011
During the Civil War, an independent thinker from San Antonio named Edward Steves made a savvy business move that would forever change his fortune and that of his family for generations. He made a bet against a dying currency in favor of the only currency that has never failed.
Wednesday, June 08, 2011
Gold Falls Along With Stocks As Euro Faces First Debt Default / Commodities / Gold and Silver 2011
SPOT MARKET prices for gold bullion continued to fall Wednesday morning, dropping to $1533 per ounce – a 0.6% loss on the week – while stocks and commodities also fell and US Treasuries rose following Tuesday's speech by Federal Reserve chairman Ben Bernanke.
Silver prices also fell, falling to $36.17 per ounce – a few cents below where they started the week – as the single Euro currency touched new one-month highs near $1.47 despite fresh political wrangling over the latest Greek deficit crisis.
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