Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, January 20, 2011
The Revolution in Energy Investments / Commodities / Energy Resources
James West's Midas Letter, a fixture in the world of resource stock investing for the last three years, is a well-known source of precious metals investing ideas. In an exclusive interview for The Energy Report, Writer Alan Trujillo talks with West about how he is expanding his focus to include energy. West covers a wide range of topics, from the shift in the traditional energy investment paradigm to where investors can get a foothold in companies with mega-discovery potential.
The Energy Report: I understand the Midas Letter has recently begun to focus on energy stocks in addition to mining stocks.
Thursday, January 20, 2011
Gold and Silver Open Interest Show Speculators Have Reduced Positions / Commodities / Gold and Silver 2011
Gold has fallen by 1.7% and silver by 4% as the US dollar has bounced from 2 month lows. Some are attributing the sell off to interest rate hikes in Brazil and the bounce in the dollar. However, it is more likely due to further selling by momentum-driven traders who see that the short term trend is down and they are sticking it to under pressure longs.Read full article... Read full article...
Thursday, January 20, 2011
Gold Plunges to Two Month Low / Commodities / Gold and Silver 2011
WHOLESALE PRICES for large gold and silver bars both fell hard in London and early New York trading on Thursday, extending this month's 4% and 10% drops as world stock markets fell and the US Dollar rose.
The Euro held above $1.3450, but the British Pound gave back all of this week's rise to two-month highs. Crude oil prices dropped 2.3% to $88.30 per barrel.
Thursday, January 20, 2011
Gold Isn’t All That Glitters in ETF Land / Commodities / Exchange Traded Funds
When most people think “precious metals,” they mean gold. Sure, some other metals are valuable too. But gold is where the real action is, right?
Maybe. But now thanks to continuing innovation by ETF sponsors, it’s getting easier to own and trade some of the lesser-known precious metals. Gold isn’t being left behind, of course. There are new ways to get in on that sector, too.
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Thursday, January 20, 2011
Gold, Silver and Unhedged Producers / Commodities / Gold and Silver 2011
The run up in gold prices attracted investors to the gold and silver mining sector and for those investors looking for significant exposure, producers who do not forward sell their production provide the vehicle to take advantage of the improvement in gold prices. However during the recent pull back in both silver and gold prices these stocks naturally experienced some profit taking, particularly by speculators who have recently taken an interest in this small sector of the market.
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Wednesday, January 19, 2011
More Yukon Gold Will Be Found / Commodities / Gold & Silver Stocks
Mike Burke is the head of mineral services with the Yukon Geological Survey. Few, if any, know the Yukon better than Mike. He says that the geology of a "frontier district" like the Yukon requires time to be fully understood before such an area can be properly drilled. Mike steadfastly believes in the mineral potential of the Yukon, and credits much of the gold-play excitement to prospector Sean Ryan, who diligently collected soil samples all over the Yukon for years before letting the mining industry in on his secrets. In this exclusive interview with The Gold Report, Mike tells us some of Sean Ryan's secrets and provides an update on some of the most promising projects in the Yukon's White Gold Camp.
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Wednesday, January 19, 2011
Fear and Love Make Gold Strong / Commodities / Gold and Silver 2011
An interview with Frank Holmes, by Jeff Clark, BIG GOLD writes: For the BIG GOLD annual gold forecast survey published in January, Jeff Clark surveyed seven gold experts and nine top economists and fund managers, along with Doug Casey himself, to provide their best insight on what to expect in 2011 and how to invest.
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Wednesday, January 19, 2011
The U.S. and China Going In Opposite Directions / Commodities / Gold and Silver 2011
China is in the midst of a 'State visit' to the U.S. but this time China will get a state banquet. This implies a changed attitude to China by the U.S. It is clear to all today that there is unlikely to be a real confrontation between the two nations anymore. If there were to be a war between the two it is most unlikely to be an economic/financial one, not a military one. China is racing to be the number one economic world power and the U.S. is retreating from that position, slowly but surely. Each day, the power of the U.S. to dominate or even influence China falls slightly. Each day the power of China to influence and eventually dominate the global economy grows. At this moment in time China owns around half of U.S. Treasuries. They are already in a position to hurt the U.S. very badly, should they want to. But it is not in the interests of China to do that. China is empire-building and doesn't want to be distracted from that. They appear to be on a winning road already. China's is on the rising road and will soon pass the U.S. going the other way.
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Wednesday, January 19, 2011
Bullish on UltraShort Oil & Gas ETF DUG / Commodities / Crude Oil
Today's new low -- and upside reversal -- in the ProShares UltraShort Oil & Gas ETF (NYSE: DUG) has the right pattern "look" and the necessary acute oversold conditions reflective of a seriously overbought oil and gas equity sector in the S&P 500 -- and one that is overdue for a meaningful bout of profit-taking.
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Wednesday, January 19, 2011
Silver Up as US Mint Reports January Eagle Sales Reach Record High / Commodities / Gold and Silver 2011
Gold is slightly higher in the US dollar and other major currencies. Spot silver has given up early gains but the futures market has seen longer term contracts fall more in price so that while spot is up $0.09 to $28.96/oz, the July 11 contract is only trading up $0.01 to $29.00 and and the December 11 contract has fallen by $0.084 to $29.01.
The dollar has fallen to 78.42 on the US Dollar Index and is looking technically vulnerable of falling to long term support at 76.0.
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Wednesday, January 19, 2011
Gold Facing Important Test / Commodities / Gold and Silver 2011
An important test level for Gold ...
You know that I don't cover Gold, but many of our readers liked the last Gold update ... so, I will post another one today.
Bottom line: The chart below explains what is going on. If you look at our zero based RSI reading, it is now below a support level and slightly negative. That represents a negative bias.
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Wednesday, January 19, 2011
Gold "Readmitted as Prudent" Investment, Gains vs. Falling Dollar / Commodities / Gold and Silver 2011
WHOLESALE PRICES for gold bullion rose versus the US Dollar in Asia and London trade on Wednesday, recovering almost one-third of this year's 4.5% loss but holding flat once again vs. other major currencies.
European stock markets ticked lower, while government bonds and commodities both rose.
Wednesday, January 19, 2011
Crude Oil on Launch Pad Culd Rise by 50% / Commodities / Crude Oil
Whether it is due to increasing demand (unlikely) or too much money chasing too few assets (likely), crude oil is on a launching pad that could lead to a 50% plus gain.
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Wednesday, January 19, 2011
Gold Will Seize The Day / Commodities / Gold and Silver 2011
Monday was a holiday in the United States, Martin Luther King’s birthday, and I thought it would be appropriate to review some of what the man had to say. The first is an excerpt from his famous “I Have a Dream” speech:
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Tuesday, January 18, 2011
Cheaper Dollar Will Open Door For Chinese Investments In North American Natural Resource Companies / Commodities / Metals & Mining
On January 18th and 19th, the top officials of the two most powerful nations on Earth are to meet in matters of far reaching significance. There will be not one but two dinners. One is to be a grand dinner of state with all of the military and business leaders of both sides in attendance. The other is to be an “intimate” dinner. Oh, to be a fly on the wall of that private meeting.
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Tuesday, January 18, 2011
Silver Bar Shortages to Lead to Price "Tipping Point"? / Commodities / Gold and Silver 2011
Gold is mixed while silver is higher in all currencies today, especially in the weaker US dollar. European sovereign bond yields are higher and the UK 10-year has risen to 3.66% and is close to breaking out after inflation figures surprised the majority of analysts who remain complacent about inflation.
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Tuesday, January 18, 2011
Gold & Silver Find "Massive Demand" from Private Investors / Commodities / Gold and Silver 2011
THE PRICE OF GOLD and silver bullion prices rose together with all major currencies on Tuesday morning vs. the Dollar, erasing last week's losses for US investors as European stock markets gained more than 1%.
Asian bullion dealers reported "continued physical demand" in both gold and platinum.
Tuesday, January 18, 2011
Gold Stocks: Stick with Juniors and Avoid Large Caps / Commodities / Gold and Silver 2011
In covering the gold sector for my premium subscribers, I have noticed something lately. The large-caps really suck! Ok, that is harsh but it is the truth.
In the chart below I show large-cap indices. What do you see?
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Tuesday, January 18, 2011
Winter White Gold Sale in the Yukon / Commodities / Gold & Silver Stocks
What do tigers, fancy coffee drinks and an Egyptian god have in common? According to Eric Coffin, coeditor of the Hard Rock Analyst (HRA) family of publications, they all are individual opportunities in the larger area play he sees opening up in the Yukon.
The Gold Report: You and your brother David will be making online presentations for The Yukon Room, an online investment conference focusing on the Yukon—perhaps the hottest area for gold exploration. What do you plan to discuss?
Monday, January 17, 2011
Has Gold Topped Out? Nope, You Ain’t Seen Nothing, Yet! / Commodities / Gold and Silver 2011
Goldrunner writes: A Gold Bull Market is much like a bucking bronco in the Old West – constantly trying to buck investors out of the saddle – as many in the Precious Metals universe are calling an intermediate-term top for Gold. Some are even suggesting that we have seen the final top in this Historic Gold Bull. We have a completely different view maintaining that we are very close to the juncture where Gold starts another rip higher into May or June. Let me explain.Read full article... Read full article...