Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, May 27, 2011
Gold and Silver Provides Investors Timely Fire-Sale / Commodities / Gold and Silver 2011
Now three weeks after the massive silver movement toward $50 per ounce, and a near reversal of opinion among the financial media, silver is now stable in the $34 per ounce area. While the panic, confusion, and frankly, fraudulent popping of the silver price may have shaken the weak hands, the market is providing opportunities for those who are willing to wait out the institutional investors.
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Friday, May 27, 2011
Bullish Consolidation for Agricultural ETF / Commodities / Agricultural Commodities
From its Feb high at 58.25 through today's action, the iPath DJ-UBS Grains TR Sub-Idx ETN (NYSE: JJG) has carved out a high-level bullish consolidation area atop its powerful 7-month uptrend.
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Thursday, May 26, 2011
Gold Price Falls As Euro and Pound Gain / Commodities / Gold and Silver 2011
THE DOLLAR price to buy gold slipped on Thursday morning – falling to $1519 per ounce – having retested three-week highs in overnight trading.
A rally on Asian stock markets failed to carry over into Europe, while prices for major commodities also showed limited movement.
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Thursday, May 26, 2011
Gold and Silver Profit Taking, U.S. Debt Default Risks Increase Insurance Costs / Commodities / Gold and Silver 2011
Gold and silver are lower today with profit taking, Chinese bond buying and increased risk appetite being cited for the price falls. Gold is marginally lower in all currencies and is 0.2% lower in U.S. dollar terms despite the dollar coming under selling pressure again this morning. Risky assets have recovered somewhat from recent losses with Asian and European equities and commodities receiving a bid.
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Thursday, May 26, 2011
Base Metals Jump Up On Euro Zone’s Debt Concerns / Commodities / Commodities Trading
Gold Futures gained on Wednesday’s trading session as the US dollar rebounded after reaching its highs making base metals attractive for investors. Silver futures contract also jumped 3 percent in today’s rally.Gold futures contract for June delivery gained 0.40 percent or $5.50 to $1,528.80 per ounce in Comex trading session of New York Mercantile Exchange. The contract reached its low of $1,521.30 per ounce when the greenback surged.
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Thursday, May 26, 2011
The End of Soft Money? / Commodities / Gold and Silver 2011
Soft money works. Just ask the Swiss central bank...
TIME WAS, the past was another country, as L.P.Hartley wrote in The Go-Between. Because "they do things differently there."
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Thursday, May 26, 2011
Food Prices: The Real Wealth Asset Surge / Commodities / Agricultural Commodities
All developed countries, including top food exporter USA are reacting to rising food-price inflation as price growth forecasts are exceeded. Higher crop, meat, dairy, fish, vegetable oil, fruit and vegetable prices, and higher energy costs are now joined by rapid-changing weather conditions including drought in many key agro-producer regions, making the food price outlook more certain to deteriorate.
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Wednesday, May 25, 2011
Flight into Gold on Rampant Inflation and the Collapsing Dollar System / Commodities / Gold and Silver 2011
We believe that for the past 2-1/2 years the price of gold has been mainly driven by a flight to quality, as gold vied with the dollar for supremacy, as the world’s reserve currency. As we have witnessed gold has won that battle. The only way the dollar or any other world reserve currency can compete is by being backed 25% by gold. The elitist’s royalty of Wall Street and the City of London are quite upset with these developments, because they want all currencies to be fiat, so that they would not have to have a gold backed international monetary unit.
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Wednesday, May 25, 2011
Gold New Record Nominal Highs in Euros and Pounds on Global Debt Contagion Concerns / Commodities / Gold and Silver 2011
Europe's debt crisis has seen gold prices climb to new record highs in euros and British pounds at EUR 1,087.80/oz and GBP 944.93/oz respectively. Contagion concerns are mounting due to the failure of the ECB, the IMF and respective governments to tackle the sovereign debt crisis.
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Wednesday, May 25, 2011
Euro Gold Price Hits Another Record High as ECB Trapped by Greek Debt Default Horror Scenario / Commodities / Gold and Silver 2011
U.S. DOLLAR gold prices rose to a three-week high of $1528 an ounce Wednesday morning London time, while commodity markets – like global stock markets – failed to add significantly to the gains they made Tuesday after Goldman Sachs issued a bullish note on the sector.
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Wednesday, May 25, 2011
Investors Window of Opportunity For Big Crude Oil Profits / Commodities / Crude Oil
Kent Moors, Ph.D. writes: The volatility in the oil market has notched up this week, courtesy of another bout with debt jitters in Europe. Oil and gasoline futures are moving down - and most of the energy sector along with them.
In a situation like the current European debt mess - where maximum uncertainty is channeled into a very focused concern - oil futures will generally overcompensate, exaggerating the downside.
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Wednesday, May 25, 2011
Silver Bullion and Stocks Spring Into Life / Commodities / Gold & Silver Stocks
Two of our favourite silver producers led the charge today, Endeavour Silver Corporation (EXK) up 9.25% and First Majestic Silver Corporation (AG) up 7.49% as silver prices bounced $1.53/oz in today's trading session.
Silver prices have gained 4.37% in today's trading session and look to have found some support at the $34.00/oz level, which could form the platform for a re-test of the $40.00/oz level.
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Wednesday, May 25, 2011
Is Gold a Bad Investment? / Commodities / Gold and Silver 2011
Numerous commentaries in the media, both on television and in print, would have us believe that gold is a bad investment. Headlines warning investors to avoid the yellow metal are commonplace. Examples such as “Five reasons not to own gold”, “Gold is in a bubble”, “Gold as an investment - think again”, “Gold is a bad hedge”, “Gold is a pointless rock,” and “Why gold is a bad investment” can be found with a simple Google search on gold and investment.
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Tuesday, May 24, 2011
Silver More Explosive than Gold / Commodities / Gold and Silver 2011
The silver market is still reeling from its fall from $50 to $34 over a very short time. The move was driven by at least one investor selling around 1,000 tonnes of silver over a two week period. Silver had climbed quickly from around $25. The charts supported a rise to $29, but as silver went higher, it climbed out of technical range into new territory. All the time thereafter it was vulnerable to a selloff back to support around that level.
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Tuesday, May 24, 2011
Gold New Record Highs as All Major Currencies are Vulnerable / Commodities / Gold and Silver 2011
U.S. DOLLAR gold prices hit $1523 – their highest level for two weeks – on Tuesday morning London time, while stocks and commodities traded flat.
Gold prices in the Euro and Pound Sterling, meantime, set record highs – €1078.85 and £942.22 per ounce respectively – at Tuesday morning's London Fix.
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Tuesday, May 24, 2011
Sterling Gold Hits New Record High on Stagflation and Debt Rating Downgrade Risks / Commodities / Gold and Silver 2011
Gold is marginally higher in most currencies today as the yen, the dollar and the pound are all weaker.
Gold has reached a new record nominal high in British pounds due to the growing risk of stagflation in the U.K. and due to Moody’s somewhat belated threat to cut its ratings on most UK banks. This was not helped by Chinese ratings provider Dagong Global Credit downgrading the U.K.’s local and foreign currency sovereign credit rating from AA- to A+ with a negative outlook.
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Tuesday, May 24, 2011
The Last Tango of the Currencies will end in Golds Favour / Commodities / Gold and Silver 2011
The debt problems now weighing on the Euro have inflicted a devaluation of around 6% this month with no recovery in sight for the PIIGS, Portugal, Ireland, Italy, Greece and Spain. The harder the ECB tries to badger and cajole the PIIGS into accepting a serious dose of austerity, the more the people, who will have to carry this burden, revolt.
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Tuesday, May 24, 2011
Oil and Copper Prices Reflect Euro-zone Woes and Slowing Conditions in China / Commodities / Crude Oil
Oil prices have largely maintained a downward trend since the recent peak on April 29 ($113.93) and they are trading roughly 3.0% below the Friday close of $99.49 (Chart 1 data points end on May 20) as of this writing. Copper prices also lost ground today from the $8,982 mark seen last Friday.
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Tuesday, May 24, 2011
Gold Stocks Offer Protection from Financial Crisis Storm / Commodities / Gold & Silver Stocks
Economic cycles, like weather, run in seasons. Longwave Group Founder Ian Gordon explains why he believes the world economy is in the "winter" portion of an approximate 80-year cycle and how the financial excesses of the past 60 years are now being wrung out of the system. Ian also explains how investors can prepare to profit from the coming financial storm by positioning themselves in gold and junior gold stocks in this exclusive interview with The Gold Report
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Tuesday, May 24, 2011
Euro Dollar Debt Crisis Dance Doesn’t Fool Gold And Silver Bulls / Commodities / Gold and Silver 2011
The euro (FXE) slid compared to the U.S. dollar (UUP) after meeting and reversing at its long term down-trend resistance line two weeks ago. About four weeks prior to that, I alerted readers that the Euro could reverse lower supporting precious metal prices. In my March 28th article I wrote, “Watch for a move out of the euro to support precious metals prices as the euro reaches its descending upper resistance level. For the past two years the euro and the dollar have done this inverted dance wherein one goes up and the other goes down. But one thing I am not fooled about is the fact that they are both in secular long-term downtrends.”Read full article... Read full article...