Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, February 15, 2011
Eye on Gold and Silver / Commodities / Gold and Silver 2011
A mixed bag in the metals sector today, which bears close watching for the iShares Silver Trust (SLV), Silver Wheaton (SLW), the SPDR Gold Shares (GLD), and Freeport-McMoRan Copper & Gold (FCX).
The SLV is pushing up towards a challenge of its Jan high at $30.44, although for the first time since the pivot low on Jan 25, the SLV is not leading the charge today. Instead, SLW is out front. The change in profile is bothersome to me, as the SLV needs to retake the leadership role.
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Tuesday, February 15, 2011
Rhodium Trading, Undervalued and Moving Towards Buying Point / Commodities / Rhodium
RHODIUM TRADING THOUGHTS is about timely and profitable trading of precious metals. We do not believe every turn in the market can be called. Our goal is that our recommendations should be profitable. Profits are the goals, not trades. Do not expect all recommendations to be profitable. No system can achieve that lofty goal. Our goal is simply to state whether conditions for a metal are favorable or not. Buy signals are issued when appropriate. These signals are generally speaking for day they are issued. If price remains below signal price, buying can be done. Do Not Buy signals are given when market is over bought, and buying is unwise. Blue triangles indicate an over bought condition. These would not be good times to buy, so they are labeled Do Not Buy. Software is not showing complete legend, for some reason.
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Tuesday, February 15, 2011
Gold, Silver and the Validity of Technical Analysis Part 2 / Commodities / Gold and Silver 2011
Recently the economics site: www.FinanceandEconomics.org published an article on "Precious Metals and the validity of Technical Analysis." We completely agree with the thoughts expressed there and in this piece would like to expand on their thoughts here. Over the last eight years or so, we have seen the Technical Analysis approach to the gold price give incorrect signals, when seen in isolation. Many times the technical picture pointed down on the gold price in the face of a strong fundamental picture. We know that this has wrong-footed many gold investors who found themselves waiting for a fall only to see it consolidate then rise. Over the last few years it has done this more frequently until we find at the Gold Forecaster we approach technical analysis in a way that allows for this and complements the fundamentals.
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Tuesday, February 15, 2011
Gold and Silver Jump as Global Inflation Rises / Commodities / Gold and Silver 2011
THE PRICE OF GOLD jumped Tuesday morning in London, hitting $1375 per ounce and setting four-week highs for Dollar, Euro and Sterling investors, as world stock markets again held flat and commodity prices rose.
The silver price rose another 1% to $30.88 per ounce – its best level of 2010 so far.
Tuesday, February 15, 2011
Gold and Silver Rise Immediately on Higher than Expected UK Inflation / Commodities / Gold and Silver 2011
Silver and particularly gold rose sharply on the release of the higher than expected UK inflation data. It showed that UK inflation quickened to 26 month highs at 4.0%. Currency debasement and higher food and energy prices are leading to an inflation surge in both developed and emerging markets.
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Tuesday, February 15, 2011
Gold For Valentine's Day / Commodities / Gold and Silver 2011
"Be ashamed to die until you have won some victory for humanity." ~ Horace Mann (1796 - 1859)
Today the White House sent its budget to Congress and it will hit US $1.6 trillion for 2011, well above the previous US $1.3 trillion estimate. The proposed budget deficit for 2012 is US $1.1 trillion. In spite of cutting US $1.5 trillion over the next decade, at no time is the deficit projected to be less than US $655 billion over the next nine years. Don't forget that these are "estimates" and the government is always too low. Now both parties will start to bargain and fight for their respective pork as the deadline to extend the debt ceiling is less than sixty days away. If both parties fail to agree, government would have to shut down operations and that would have a detrimental affect on the US economy. I predict that it will be very difficult for both sides to come to an agreement and that just might prove to be the outside influence that rattles the markets and brings and end to all the exuberance regarding the so-called recovery.
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Tuesday, February 15, 2011
Look to History to Profit from Gold / Commodities / Gold and Silver 2011
Gold in the Carolinas? "Absolutely," says Jefferson Financial President and CEO Brien Lundin, who also publishes the Gold Newsletter. It's just one region where historic discoveries, ignored when gold prices were low, are now being re-examined with modern exploration techniques. The results, he says, are promising. Learn more about his take on the economy, the seasonal effect on gold prices and the "frothy" metals market in this exclusive interview with The Gold Report.
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Monday, February 14, 2011
Silver Shortage Blamed on "Miner Hedging" as Price Rises with Gold, Global Inflation Data Eyed / Commodities / Gold and Silver 2011
THE PRICE OF gold and silver rose back to last week's highs early in London on Monday, hitting $1364 and $30 per ounce respectively even as the US Dollar rose to 1-month highs on the currency market.
European stock markets slipped but government bonds and commodity prices were little changed after China reported a further rise in its imports, led by a 5.7% rise in copper demand.
Monday, February 14, 2011
Silver Bullion COMEX Stocks at 4-Year Low as Backwardation Deepens / Commodities / Gold and Silver 2011
Gold and silver are higher after last week’s 1% and 3.5% gains in dollars. Silver is particularly strong again this morning and the euro has come under pressure as bonds in Ireland, Spain, Portugal and Greece continue to rise. While Asian equity markets were higher, European indices have given up early gains.
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Sunday, February 13, 2011
Buying Homes with Cash… Gold Edges Closer to Currency Status / Commodities / Gold and Silver 2011
Steve McDonald writes: Despite the gloomy housing numbers, many of the hardest hit areas in the real estate crash are seeing big new buying activity.
And not only that, it’s happening in cash.
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Sunday, February 13, 2011
Gold Bull Market Parabola / Commodities / Gold and Silver 2011
GoldRunner writes: Gold is in an historic Bull Market because most nations are printing their paper currencies like they are going out of style (and maybe they are) as each nation tries to battle off the massive deflationary backdrop of debt that has permeated most of the world. This surge of debt monetization - this devaluing of the U.S. Dollar for one - has set the scene for a parabolic rise in $Gold to $1860, or higher, over the coming months before an intermediate-term correction takes place. Let me explain.
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Sunday, February 13, 2011
Gold Fails to Respond to Middle East Crisis, Looks Ready for More Downside Action / Commodities / Gold and Silver 2011
The upheaval in the Middle East has done nothing for gold. It looks like gold is ready for more downside action. A move to $1305 would not be good. The “Penny Arcade Index” is still okay so any downside activity shouldn’t last for too long.
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Saturday, February 12, 2011
Gold is as Good as Cash and Wields More Power / Commodities / Gold and Silver 2011
Gold is now functioning as collateral to compensate for potential losses in the portfolios of financial institutions.
One month ago, I proposed there may be an underlying economic basis for gold to reach $4,000 per ounce in the next decade. This scenario is looking more probable given these recent developments.
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Saturday, February 12, 2011
Gold, the Mother of All Bull Markets / Commodities / Gold and Silver 2011
Market commentator and investor Peter Grandich of Grandich.com and Grandich Publications tells The Gold Report that certain plays on surging demand and looming commodity shortages are no-brainers for investors, and he shares a few ideas on how to profit from these conditions. Peter also believes that U.S. monetary policy has been a disaster and that it will "end badly" for the U.S. stock market and economy. He's bullish on China and on base—and especially—precious metals, energy, food and water. Gold and silver are still his big plays.
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Friday, February 11, 2011
Gold Timing, Gold:Bonds Ratio Matters Over Bond Yields' Ratio / Commodities / Gold and Silver 2011
Inflation vs. market fluctuations is always a hot topic in precious metal markets. Inflation is good for gold, which has a long history of acting as a hedge against it. With rising inflation it is likely that there will be a corresponding rise in the price of precious metals; that brings us to the question, how do you value gold? It is evident that there is no scientific method for valuing gold since it’s a non-earning asset. Perhaps we should value gold by “1/n, where ‘n’ is investor confidence in paper currencies. But how do you measure ‘n’? Let’s have a look into the history.
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Friday, February 11, 2011
Seven Steps To Reclaiming The Nuclear Energy Initiative / Commodities / Nuclear Power
Once there was a time when America bestrode the nuclear world as a colossus. Names such as Einstein, Oppenheimer, Manhattan Project helped to win World War 2 and contribute to many peacetime applications as well. Over the ensuing decades the United States allowed other nations to take the lead in the development of nuclear power.
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Friday, February 11, 2011
Insuring Your Pension Savings With Gold / Commodities / Gold and Silver 2011
How much gold is too much gold if you're a fixed-income investor...?
GOLD DOESN'T pay any income, of course. Which is why retirees and pensioners should hate it.
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Friday, February 11, 2011
Gold and Silver the Ultimate Profit Keys and Wealth Protection / Commodities / Gold and Silver 2011
“The lack of growth in the M3 measure — traditional broadest money supply measure used by the Fed until its abandonment in March 2006 — suggests a re-intensifying systemic solvency crisis, as does the continued lack of growth in bank lending. The implications here remain extremely negative for broad economic activity. On the inflation front, however, where there is an overhang of $7 trillion or so outside the United States — being held at the whim of dollar investors — that has to be considered in the U.S. monetary picture. Higher prices already are being seen in a number of dollar-denominated commodities, ranging from oil to food. The higher prices are anticipating and fueling the early stages of Mr. Bernanke’s desired debasement of the dollar.”
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Friday, February 11, 2011
Red Hot Copper Hits new High With Stocks Primed for Correction / Commodities / Commodities Trading
Red-hot copper hit another new all-time high this week, extending its mighty upleg to a 66.6% gain since June! As always after any strong run, investors and speculators are pretty excited about this essential base metal these days. But this incredible bullishness, along with overbought technicals, actually suggests copper is on the verge of a major correction today.
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Friday, February 11, 2011
Gold, Silver and the Validity of Technical Analysis / Commodities / Gold and Silver 2011
Recently the economics site: www.FinanceandEconomics.org published an article on "Precious Metals and the validity of Technical Analysis. We completely agree with the thoughts expressed there and in this piece would like to expand on their thoughts here. Over the last eight years or so we have seen the Technical Analysis approach to the gold price give incorrect signals, when seen in isolation. Many times the technical picture pointed down on the gold price in the face of a strong fundamental picture. We know that this has wrong-footed many gold investors who found themselves waiting for a fall only to see it consolidate then rise.
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