Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, February 02, 2011
Why Gold is Not Going Higher Despite Egypt Crisis / Commodities / Gold and Silver 2011
Despite all the turmoil in Egypt and the Arab world, gold has stubbornly refused to rally. This probably causes great concern amongst the gold bugs and the folks who are bullish on gold.
As we have mentioned before many times on this blog, "perception is more powerful than fundamentals."
Wednesday, February 02, 2011
Crude Oil Price Could Doom Obama / Commodities / Crude Oil
Like death and taxes, the price of oil is always with us. And like taxes, it may be President Barack Obama's worst nightmare at election time next year.
Among forecasters, there is a sharp division between those who see an inexorable rise in the price of oil and those who believe it will stabilize about where it is now.
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Tuesday, February 01, 2011
Gold and Silver Circling Whilst Barrick Takes Out Prior High / Commodities / Gold & Silver Stocks
Gold and Silver prices are circling unchanged today, but the precious metals miners are acting well. Barrick Gold Corp. (NYSE: ABX) just took out its prior high at 48.42 from Jan 28, and although there is no upside follow-through just yet, my near-term pattern work and momentum oscillators point to 50.50-51.00 next.
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Tuesday, February 01, 2011
Gold Loses 5.9% vs. Top 10 Currencies in Jan / Commodities / Gold and Silver 2011
THE PRICE OF GOLD ticked higher for Dollar investors in London trade on Tuesday morning, but slipped against other currencies as world stock markets rose and government bonds edged back.
Copper reached fresh all-time highs, and other base metals hit 2-year highs, after new data showed Chinese manufacturing activity accelerating.
Tuesday, February 01, 2011
Geopolitical Instability in Middle East, Gold Like 1970s? / Commodities / Gold and Silver 2011
Spot gold and silver fell 6% and 9% respectively in January. The January price fall looks very much like another price correction and consolidation and is to be expected after the 30% rise in dollar terms seen in 2010. Absolutely nothing has changed with regard to the fundamentals of the gold and silver market and investors should use this sell off as another opportunity to diversify into the precious metals.
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Tuesday, February 01, 2011
When and How Will the Gold Bubble Begin / Commodities / Gold and Silver 2011
The bull market in Gold is in its 12th year (globally it began in 1999) but has yet to exhibit any “bubble-like” conditions. In fact, we still see many people referring to this bull market as “the Gold trade,” as if its an aberration that needs to be reversed or corrected. That aside, we know that Gold is under-owned as an asset class. The very well respected BCA Research estimates that globally only 1% is allocated to Gold and that fits with some of the charts that I’ve shown in the past.
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Tuesday, February 01, 2011
Gold Investors Don't Retreat Instead Reload / Commodities / Gold and Silver 2011
When it comes to the 2011 gold price correction, Wellington West Senior Analyst Paolo Lostritto says he's seen worse. He counsels investors to "use this opportunity," if they haven't already, to rebuild gold positions because he foresees upside by the second half of 2011. Of the 19 companies he covers, only a handful will outperform the broader market in any given year. We know you want those names. And in this exclusive interview with The Gold Report, Paolo gives them to you. His colleague, Senior Research Analyst Steve Parsons, also shares his insights on a few of his favorites.
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Monday, January 31, 2011
Gold Investors Stay Focused / Commodities / Gold and Silver 2011
Last week was an eventful week at home and abroad with several events directly showing up in the performance of global markets and the price of gold. On Friday, Egypt’s mayhem in the streets caused uncertainty in the markets, but sent gold shooting up over $21 to close at $1,336.75.On Wednesday, a continuation of the Federal Reserve’s easy monetary policy pushed gold up double-digits. Earlier in the week, a small hedge fund that had overleveraged itself to gold futures blew out its position, causing the biggest ever one-day reduction in futures contracts for the Comex.
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Monday, January 31, 2011
Gold Cuts Friday Surge as U.S. Dollar Falls / Commodities / Gold and Silver 2011
THE PRICE OF gold eased back from near 1-week highs early in London on Monday, cutting Friday's 2.8% surge by one third as Asian stock markets closed the day sharply lower.
European shares also fell, together with US, UK and German government bonds, which nudged interest rates higher.
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Monday, January 31, 2011
Gold Bar Premiums Hit 17-Year High in Hong Kong On Safe Haven Bid on Inflation and Egypt Concerns / Commodities / Gold and Silver 2011
The geopolitical ramifications of the revolution in Egypt and the likelihood that it will spread throughout the Middle East, North Africa and possibly further afield is leading to volatility in markets. Equity indices in the Middle East and Far East were mostly down (except for China) overnight. European bourses were under pressure this morning but have recovered somewhat.
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Monday, January 31, 2011
How to Profit From Obama's New Clean Energy Challenge / Commodities / Renewable Energy
Kent Moors, Ph.D. writes: In last week's State of the Union address, U.S. President Barack Obama issued a national challenge: Take the 11.5% of the U.S. electricity that emanates from clean-energy sources and boost it to 80% by 2035.
As with any game-changing direction - landing a man on the moon in a decade, bringing an end to the Cold War, curing cancer, or weaning our economy off of coal and crude oil - leaders such as President Obama provide the enticement.
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Monday, January 31, 2011
Crude Oil Spikes Like An Egyptian / Commodities / Crude Oil
Images of mass Egyptian protesters clashing with police in Cairo broadcasted around the world shook global financial markets on Friday, Jan. 28. Dow and S&P 500 both dropped more than 1%, while some asset classes such as gold, silver, U.S. Treasuries were hot commodities from safe haven demand.
NYMEX West Texas Intermediate (WTI) also spiked more than 4%, closing at $89.34, while ICE Brent crude for March delivery surged 2.1% to $99.42 a barrel, and touched $99.74 intraday, a new post-2008 high.
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Monday, January 31, 2011
Gold, Silver and the Dollar’s Next Big Move Update / Commodities / Gold and Silver 2011
We have seen some exciting moves in the market and with the market sentiment so bullish it should make for a sharp selloff in the coming weeks. Meaning everyone is overly bullish and owns a lot of stocks and commodities; therefore the market should top and leave them holding the bag while the smart money runs for the door. The market will not bottom until all of these individuals holding the bag finally cannot take the pain of losing any more money and once we see them panic and sell them all at once only then will we be looking to go long again.Read full article... Read full article...
Monday, January 31, 2011
Gold and Silver are on the Starting Blocks / Commodities / Gold and Silver 2011
A strange start to the year and a strange end to a volatile week, so we take a whiz across the air waves in order to get a ‘feel’ of whats going on, so this will be a mixed bag of data. The first eye catcher is this:
Eric Sprott - Expect $50 Silver, Gold Possibly $2,150 by Spring.
Sunday, January 30, 2011
Gold and Silver Opportunity Before Blast Off / Commodities / Gold and Silver 2011
A rare and exceptional opportunity has just presented itself to enter this Precious Metals bullmarket at very favorable prices for gold, silver and especially for Precious Metals stocks - right at an intermediate bottom. That is what our latest studies indicate.
While gold dropped a little lower last week than expected in the last update, it has arrived in an area of strong support above its rising 200-day moving average in a deeply oversold condition, as we can see on its 8-month chart below. Thus it is interesting to observe that a bullish candlestick pattern, known as a "Piercing Pattern", appeared on its chart on Thursday and Friday, which frequently signifies a reversal.
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Sunday, January 30, 2011
Silver Reversal to the Upside About to Squeeze Shorts / Commodities / Gold and Silver 2011
Last weekend`s Silver Market update turned out to be pretty much correct as while silver did drop to new lows for this correction it ended the week with a strong blast of upside energy that is believed to mark a reversal to the upside.
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Sunday, January 30, 2011
Gold Reacts to Egypt Riots / Commodities / Gold and Silver 2011
Riots on Thursday, gold moves lower. Riots on Friday, gold moves higher. Is there rhyme and reason here? Thursday the students rioted. Friday the Muslim Brotherhood joined in the riots. Yes, there was a difference. Now it’s a wait and see what the outcome will be to better guess what next for gold.
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Sunday, January 30, 2011
Rising Debt and Manipulation of the Gold Market / Commodities / Gold and Silver 2011
The US welfare state rumbles on and in some sectors of business it is being encouraged. We have to assume this attitude is based on more and increasing profits. Needless to say, it is cloaked in language that refers to the poor suffering people. The economy in the US and in many other countries is being run by and for major corporate interests.Read full article... Read full article...
Saturday, January 29, 2011
Gold and Silver Progress Report / Commodities / Gold and Silver 2011
This chart courtesy Federal Reserve Bank of St. Louis shows the increase in M2 money supply is speeding up again after a somewhat slower rise during the past year. This represents monetary inflation, which precedes price inflation, which in turn provides energy for gold, silver and many other commodities.Read full article... Read full article...
Saturday, January 29, 2011
Australian Floods Cause Drought in the Coal Market / Commodities / Coal
Marin Katusa, Casey’s Energy Report writes: The most important metallurgical coal basin in the world is underwater. Open pits have become lakes, stockpiles are soaked, and rail lines are submerged and in places destroyed. Damage is estimated at $5 to $6 billion.
Australia accounts for almost two-thirds of global coking coal production. Much of it comes from Queensland, where an area the size of France and Germany combined is underwater. That includes the Bowen Basin coal region, which produces almost a third of the world's coking coal. The Bowen Basin was hit with 350 mm of rain in December, against an average of 102 mm.
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