Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, February 28, 2011
Technicals of Silver and Silver Miner ETFs / Commodities / Gold and Silver 2011
Silver has been a clear leader in the PM area.
This is a current count of Silver ETF SLV
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Monday, February 28, 2011
JP Morgan Opens Gold Window / Commodities / Gold and Silver 2011
Earlier this month, J.P. Morgan made an important announcement that received scant coverage in the media: the bank would now accept gold as collateral for loans. The move appears to have been well-timed, for in the ensuing weeks, the price of gold and silver climbed steeply, based largely on political turmoil in the Middle East. But why should Morgan's decision be of interest to anyone outside the bank?
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Monday, February 28, 2011
Gold Up, Silver Flat as Middle-East Turmoil Spreads / Commodities / Gold and Silver 2011
THE WHOLESALE PRICE OF large gold investment bars rose back towards Friday's 2011 highs early Monday afternoon in London, hitting $1415 per ounce as the Dollar fell and European crude oil rose towards new two-year highs above $112 per barrel.
Eurozone stock markets rose but German Bund prices slipped – nudging interest rates higher – despite news that Eurozone inflation slowed to 2.3% in Jan.
Monday, February 28, 2011
Gold Fireworks are About to Begin / Commodities / Gold and Silver 2011
The gold bull is now on the verge of launching the most spectacular up leg of this 10 year bull market. This spring we should see the final parabolic rally of the massive C-wave advance that began in April `09 with a test of the 1980 high at $860.
First off let me explain gold's 4 wave pattern (and no it has nothing to do with Elliot wave).
Monday, February 28, 2011
February Sees Gold up 6% and Silver up 19% on Inflation and Escalating Geopolitical Risk / Commodities / Gold and Silver 2011
The paper-driven sell off in the gold market seen in January has been trumped by continuing robust physical demand in January and February. This has resulted in gold rising nearly 6% in February and silver’s strong industrial and investment demand leading to a 19% rise to new nominal 30-year highs.
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Monday, February 28, 2011
Libyan Fruitcake Sent Silver to a New High / Commodities / Gold and Silver 2011
After last week's update called for a near-term top in silver we got one more up day, thanks to the antics of the Libyan "fruitcake" digging his heels in and resisting being swept away. After that silver did indeed start to correct back although it ended the week with an up day.
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Monday, February 28, 2011
Gold Dome Break Out Held at Resistance, Stocks Bearish Pattern / Commodities / Gold and Silver 2011
Gold broke out above its Dome boundary last week, which was not what we were expecting. Fundamentally this action was due to fears relating to the worsening situation in Libya, and while this breakout is a bullish development, it has not as yet led to a breakout to new highs, and the bearish overall behaviour of PM stocks last week means that it could have been a fakeout.
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Monday, February 28, 2011
Agri-Food's Correct as Silver Stays in Fantasy Debt Fueled Bubble Land / Commodities / Agricultural Commodities
I said, "Scotty, Beam me up." However, the message was apparently garbled, and Scotty apparently beamed me back instead. Since it seems so much like 2008, it must be Scotty's fault. Or, is it possible that Bernanke's Lap Dogs are again distorting asset prices? Surely they must have learned something from making the same mistake over and over. Even a cat learns faster.
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Sunday, February 27, 2011
Gasoline: No Cure For High Prices Like High Prices / Commodities / Gas - Petrol
Crude oil market has been on a wild roller coaster ride ever since riots started escalating in Egypt and Libya. The latest Libyan supply disruptions sent WTI futures surging above $103 a barrel in New York on Thursday, Feb. 24, while Brent oil in Europe was also closing in on $120 a barrel.
However, both oil markers retreated mostly due to traders scrambling to reposition when NYMEX and ICE boosted margin requirements on oil futures as crude traded above $100 a barrel.
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Sunday, February 27, 2011
Crude Oil, Natural Gas and Geopolitics / Commodities / Crude Oil
Revolt in Libya and fear of the spread of revolt to Saudi Arabia and Algeria - all oil producers - helped push oil prices higher last week. Libya shut down what amounts to roughly 1% of the world's supply. Saudi Arabia responded by increasing supply and the IEA discussed releasing some of the emergency stockpiles. These emergency stockpiles amount to 1.6 billion barrels, or around 4 million barrels a day for a year. Given that Libya produces around 1.6m barrels a day and Algeria 1.3m barrels, the IEA could cover the eventuality of both losing all their supply for up to a year, which is clearly an outside scenario. But, if an uprising gathers pace in Saudi Arabia and disrupts its pumping of 10% of world supply, then the supply gap is unlikely to be filled. For now, this also represents an outside scenario, as the Saudi Government has taken proactive steps to placate its people.
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Sunday, February 27, 2011
Gold Fails to Break to New All Time High Despite Middle East Crisis / Commodities / Gold and Silver 2011
Despite all the turmoil gold was not able to get into new high territory. It will be interesting which way for gold next week.
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Sunday, February 27, 2011
Silver Market Hit Hard With Bear Raid / Commodities / Gold and Silver 2011
Friday I said: "Today was the option expiration on the Comex, and those options which are 'in the money' and have not been settled for cash are now converted to March futures positions.
Depending on the size and distribution of those conversions we may see some 'action' in the front month because they are sometimes notoriously weak hands and will receive at least one 'gut check.'"
Sunday, February 27, 2011
The Global Flight into Gold and Silver / Commodities / Gold and Silver 2011
The world is awash in dollars and that is being reflected in the USDX, which are six major currencies versus the dollar. The loss of value is being loudly trumpeted as the IMF says a replacement must be found. This is the same IMF that has been foisting non-gold backed SDRs on us since 1969. Every time they have tried this it has been a failure. We can give the Illuminists an ‘A’ for effort, but what they do not get is that the professionals and investors see right through it. Another batch of fiat currency is not going to solve the world’s currency crisis, which can only be saved by gold backing. Needless to say, the mainstream media will never talk about this in realistic terms, because the elitists control them. The denigration of currencies versus gold and silver are advancing apace, as the elitists day after day try to suppress gold and silver prices.
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Saturday, February 26, 2011
Crude Oil Unique Price Formation, Should You Buy Here? / Commodities / Crude Oil
This has been a turbulent week on the geopolitical front, triggering waves in the stock market and sending the price of crude oil through the roof. While the stock market corrects itself (as we anticipated), the price of crude oil seems to be creeping ever higher, putting upward pressure on the price of fuel and energy. Worse still is the serious effect this could have on the economic recovery that everyone has been banking on.
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Saturday, February 26, 2011
The Most Compelling Argument for Owning Silver I've Ever Heard / Commodities / Gold and Silver 2011
Sean Goldsmith writes: The talk of the investment industry is a video making its way around the internet right now…
Saturday, February 26, 2011
Gold Moving Closer To All-time High / Commodities / Gold and Silver 2011
Gold prices have slipped a bit to close out the week, but an ounce of gold is holding steady over $1,400 as a run toward late December’s all-time intraday trading high of $1,431.50 appears inevitable in the coming weeks.
Continued political unrest in Libya and Bahrain, combined with the recent overthrow of 30-year Egyptian President Hosni Mubarak, has driven speculators toward commodities.
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Friday, February 25, 2011
Mideast Mayhem to Drive Gold Price Higher / Commodities / Gold and Silver 2011
As Casimir Capital Managing Director Wayne Atwell sees it, further political unrest in the Middle East could push gold higher, while inflation risk and sovereign debt issues in Europe are longer-term price catalysts. He also shares a few up-and-coming gold juniors that Casimir covers in this exclusive interview with The Gold Report.
The Gold Report: In a recent interview with Bloomberg you said, "Gold's gotten stronger because it's no longer weak." Can you explain that concept to our readers?
Friday, February 25, 2011
Gold Stocks Long-Term Trend Still Up, Despite Price Declines / Commodities / Gold & Silver Stocks
Economic and social developments across the globe are significantly affecting the capital market moves in the present scenario. Global markets, still fragile, could be tilted off course if instability in the Middle East spreads. Markets largely ignored the revolutions in Tunisia and Egypt, two countries that are basically not that significant on the global economic scheme of things. They don’t owe much money to western banks, nor do they export large quantities of commodities, such as oil. But markets certainly took notice this week of the violent upheaval in Libya.
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Friday, February 25, 2011
Junior Gold Miners and Resource Stocks Correction / Commodities / Gold & Silver Stocks
Junior resource stocks are fickle little things. And most investors who dabble in this realm are fully aware of their capricious nature. One of the best ways to describe owning these stocks can be summed up by one of the most famous lines in literary history, “It was the best of times, it was the worst of times…”
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Friday, February 25, 2011
Why is the Dollar Falling in Gold and Currency Terms? / Commodities / Gold and Silver 2011
In the last few days a fairly new market perception has been creeping in. The expectation that Eurozone interest rates are going to start rising ahead of U.S. interest rates is taking hold. But while the original intention in Europe was to raise them as soon as it was seen that the recovery was really taking hold, it is becoming apparent that inflation may well beat them to it. As energy and food inflation are here to stay the reason rates will rise now is to tackle inflation.
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