Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, March 22, 2011
Gold Is For Real Wealth Preservation – Not Speculation / Commodities / Gold and Silver 2011
BMG considered it a great privilege to have David Ranson, President and director of research of Wainwright Economics join BMG on March 8th for our Gold is for Real Wealth Preservation - Not Speculation webinar. Wainwright Economics is an investment research and strategy firm which for over 30 years has helped the institutional investment community in devising effective investment strategies through intelligent use of market data and superior understanding of how markets behave over time.Read full article... Read full article...
Tuesday, March 22, 2011
Gold and Silver Investors Don't Get Disrtraced by Japan Events / Commodities / Gold and Silver 2011
It's very difficult for a trader to stick to a plan and not let news events dictate decisions. But every once in awhile there are news items that come along and attempt to trip investors up, forcing some to take their eye off the big picture. Many of us understand the long-term potential of precious metals and commodities, but the emotions -- either unbridled enthusiasm or gloom and doom -- of the herd often affect our decisions negatively at short-term turning points. This past week the news out of Japan (iShares MSCI Japan Index (EWJ)) affected the majority of investors, who liquidated their positions and ran to the US dollar and to long-term Treasuries as safe havens, which I believe was a mistake as the G-7 came to the support of Japan.
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Tuesday, March 22, 2011
Gold and Silver Slip as "Soft Dollar" Loses to "Vigilant" Euro / Commodities / Gold and Silver 2011
THE PRICE OF GOLD slipped together with crude oil, government bonds and European stock markets on Tuesday morning, retreating 0.7% from yesterday's near 2-week high against the falling US Dollar.
Power cables were reconnected at all 6 of the stricken nuclear reactors in Sendai, Japan, where some half-a-million people remain homeless.
Tuesday, March 22, 2011
Gold Just 1% From Record Nominal High of $1,444/oz – Risk of Dollar Crisis Increases By Day / Commodities / Gold and Silver 2011
The U.S. dollar and yen are under pressure again today while gold and silver have taken breathers after yesterday’s gains (see table). Rather than gold and silver rising in price, we are seeing the continual devaluation of the U.S. dollar, the yen and all fiat currencies and thus their prices falling against the precious metals.Read full article... Read full article...
Tuesday, March 22, 2011
Series of International Crisis Impact on Gold / Commodities / Gold and Silver 2011
The first quarter of the new year has been a tumultuous one, marked by geopolitical unrest in North Africa and the Middle East, major natural disasters in New Zealand and most recently in Japan, and of course ongoing economic turmoil throughout much of the industrialized world. This has resulted in rather extreme market volatility, amid fits of risk aversion associated with broad-based uncertainty about the likely impact of recent events.
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Monday, March 21, 2011
Oil Sands Fueling the Future / Commodities / Crude Oil
Marin Katusa, Casey Energy Opportunities writes: For many years, trying to tap an oil sands deposit accomplished about as much as sipping molasses through a straw, but that is changing. So do oil sands companies make a good investment now?
Humans and bacteria share a surprising number of features, not least in what they consider good food. In general, the smaller and simpler the molecule, the easier it is to digest. So, about 50 million years ago, when and where bacteria had a chance to chow down on some of the rich hydrocarbons we call oil, one might expect them to start on the smaller, tidier mouthfuls, and indeed they did.
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Monday, March 21, 2011
Coal ETF Approaching Resistance / Commodities / Coal
Once again, let's notice that the Market Vectors Coal ETF (KOL) is bumping up against its key near-term resistance line, now at 49.11, which so far has thwarted the upmove off of the most recent pivot low at 45.17.
That said, my near- and intermediate-term work argue in favor of a penetration of the resistance line, which will trigger upside follow-through above 49.85 on the way to 51.50.
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Monday, March 21, 2011
Crude Oil’s Piracy Premium / Commodities / Crude Oil
Hollywood pirates such as Jack Sparrow and Blackbeard are glorified characters among uncivilized peers, stealing from the rich and acquiring bounties of gold. While the adventures of these 19th century caricatures are entertaining, their 21st century descendants are a growing threat to a shipping industry responsible for nearly 80 percent of the world’s trade.
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Monday, March 21, 2011
Gold and Silver Are At the Threshold of Another Bullish Rally / Commodities / Gold and Silver 2011
This chart courtesy Federal Reserve Bank of St. Louis, shows the Monetary Base is rising exponentially. The current total is 2.35 trillion dollars. The increase since Jan 1/11 is 15.7%. The annualized increase is almost 65%! This increase is providing fuel for gold and silver to rise! The bankers of the world are concerned about social unrest and unemployment. They will continue to inflate (in the mistaken belief that this will solve the social problems), while pushing the effect (hyperinflation) as far into the future as possible.
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Monday, March 21, 2011
China Imports 245 Tonnes of Silver in February and Qatar SWF “Interested” in Buying Silver / Commodities / Gold and Silver 2011
Gold and silver rose on the open in Asia and have continued those gains so far in European trading with the Libyan military conflict leading to a safe haven bid and falls in the dollar and yen. The all time and multiyear nominal dollar highs set on March 7th ($1,444.95/oz and $36.75/oz) look set to be challenged as gold is less than 1% from its record high and silver less than 2% from its nominal recent high.Read full article... Read full article...
Monday, March 21, 2011
Gold & Silver Jump vs. Falling Dollar, "FX Volatility" Seen Driving Demand / Commodities / Gold and Silver 2011
THE PRICE OF GOLD jumped against a falling Dollar at the start of Asian trade on Monday, hitting near-two-week highs for US investors as crude oil also leapt following the weekend's joint UN air strikes on Libya.
The BBC reported that a key Gaddafi "command center" had been destroyed in Tripoli, capital of Africa's third-largest oil producer.
Monday, March 21, 2011
Aussie Gold Stocks Surge / Commodities / Gold & Silver Stocks
Global events currently support gold and Australian gold stocks. Yet gold and the ASX-XGD index have been in a consolidation and correction mode of late. The Australian gold sector has underperformed gold itself over the past two weeks, within a long-term uptrend, offering some sweet pickings which we did not waste. Investors swooped on these exceptional investment opportunities late last week as the Australian gold sector surged up from oversold lows. Here are the supports (from 5 year – 1 week tick chart) I provided in Newsletter 27 released 16th March:
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Monday, March 21, 2011
Why Gold Is No Longer An Effective U.S. Dollar Hedge / Commodities / Gold and Silver 2011
During the first nine years of this gold bull market, gold prices moved with a near perfect inverse relationship to the US dollar. Indeed, in the early years gold was only really moving up against the greenback, it was only after a few years that it began to appreciate against all currencies. The game plan was simple; the dollar is going down, so gold in USD terms is going up with some leverage factor. Gold worked well as both a USD hedge and as a tool to speculate on a USD decline. This is no longer the case.
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Sunday, March 20, 2011
The Failure of Gold to Breakout Despite Compounding Crisis / Commodities / Gold and Silver 2011
So, why hasn’t gold shot up through the roof with all that’s been going on lately? It’s a good thing I’m a technician and don’t have to come up with a WHY, as I don’t have a clue why. Let’s just go ahead and see where we are and possibly which way the wind is blowing. But first, the Merv’s Venture 30 Index.
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Saturday, March 19, 2011
Wheat, Sugar, Corn, Coffee, Orange Juice... Commodities Trading Where Next ? / Commodities / Commodities Trading
EWI's FreeWeek is Here! Get full FREE access to Elliott Wave International's most popular commodity forecasting service, edited by Senior Analyst and trading instructor Jeffrey Kennedy. Now through noon (Eastern Time) March 23, you get the hottest daily, weekly and monthly commodity opportunities, complete coverage of up to 18 markets through video analysis and clearly labeled charts, plus practical real-world trader lessons, tips, tricks and more! Access FreeWeek now!
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Saturday, March 19, 2011
Reflections on the PPI and the Commodity Bubble / Commodities / Commodities Trading
Here is a pair of interesting charts showing the correlation between the Canadian and Australian dollar vs. the price of West Texas Intermediate crude.
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Saturday, March 19, 2011
Crisis Creates Opportunity with Junior Gold Miners / Commodities / Gold and Silver 2011
Good rocks and good people are the core building blocks of successful junior miners. Casey Research Senior Editor and Mining Strategist Louis James wants to see the mineralization close up and talk to geologists to verify the powerful upside potential that may be in these stocks, which are also vulnerable to staggering corrections. In this exclusive interview with The Gold Report, Louis reveals how to benefit from the combination of geopolitical and domestic uncertainty and growth potential in the ground.
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Saturday, March 19, 2011
Significant Breakdown in Gold or a Short-term Bottom in Platinum? / Commodities / Gold and Silver 2011
Japan is definitely the talk of interest in capital markets. The economic fallout in the recent days did not lag much behind nature’s destructive forces. The financial aftershocks gathered force as investors fled from assets deemed risky such as stocks, oil and gold (the latter is quite surprising). Amid worries that the crisis could slow down a global economy, investors were also spooked by a 16 percent drop in Japanese shares early during the week. Stock markets slumped around the world as investors sought what they believe to be safe havens, like United States dollars and Treasury Bonds. (We are constantly amazed that people deem these assets to be safe havens.) It is inevitable that most investors will feel the ripple effects of Japan’s disaster in their portfolio one way or another.
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Saturday, March 19, 2011
Power and Profit for Gold and Silver Partisans / Commodities / Gold and Silver 2011
“Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. ‘Stand and Deliver or Go Home’ should be the rallying cry of the gold longs to the paper gold shorts." - Trader Dan Norcini
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Friday, March 18, 2011
Silver in SPX Stock Market Selloffs / Commodities / Gold and Silver 2011
Silver’s massive surge since late January has naturally made it wildly popular these days. But with the general-stock-market weakness gathering steam, silver traders are increasingly wondering if it could somehow spill into and affect silver. Market history not only shows it likely will, but the odds favor a rather severe downside impact.
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