Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Tuesday, November 09, 2010

Silver Prices Sparkle Once Again / Commodities / Gold and Silver 2010

By: Bob_Kirtley

Silver prices are just sparkling as this chart clearly shows with todays advance adding $1.02 for a gain of 3.82% - so put on a big smile on your face and walk around your place of toil and add a little cheer to everyones day, share your success with them, add to the feel good factor, it just might give them a lift too.

Tuesday, November 09, 2010

Crude Oil and Natural Gas Energy Markets Elliott Wave Analysis / Commodities / Crude Oil

By: Tony_Caldaro

In recent months we have observed commodities rising in anticipation of another FED quantitative easing program. Then, last week, the FED officially announced the QE 0.6 ($trillion) program and commodities took off again. The commodity bull market continues.

Last week we watched Crude oil hit a two year high, along with Agriculture and Basic Metals, and Gold hit another all time high. When we track commodities we use the five sectors provided by the Goldman Sachs Commodity Index: energy, precious metals, agricultural, basic metals and livestock. The energy sector is our focus today. The GJX is composed of W. Texas Crude, Brent Crude, Heating Oil, Gas Oil, RBOB Gasoline and Natural Gas. We chart the GJX index, W. Texas Crude and Natural Gas. As you can observe, in the chart below, GJX is in a long term uptrend.

Tuesday, November 09, 2010

The Currency War is Good For Gold / Commodities / Gold and Silver 2010

By: Peter_Schiff

As the world awaits another $600 billion flood from Bernanke's printing press, central bank governors from Brasília to Tokyo are preparing to respond in kind. This is the monetary equivalent of a nuclear war, except instead of radiation, bombs of inflation threaten to make the world economy uninhabitable for saving and productive enterprise.

Tuesday, November 09, 2010

Gold Junior Miners Latin Fever / Commodities / Gold & Silver Stocks

By: The_Gold_Report

PI Financial's David Goguen is vice president of Institutional Mining Sales, specializing in the mining sector. As part of his service to Canadian and U.S. resource-focused institutional investors, David evaluates and screens junior gold companies by initially dividing their enterprise values by total ounces. The result acts as a filter that either encourages David and his team to ask more questions about the company or to find other dance partners. In this exclusive interview with The Gold Report, David discusses PI Financial's recent institutional sales desk report titled Select Golds: Latin Focus and his methods of analysis.

Monday, November 08, 2010

Regarding Gold and Silver - Meet Mr. Consistency / Commodities / Gold and Silver 2010

By: Peter_Degraaf

During the past 10 trading days gold has risen 5%, while silver rose 15%. During the past 72 trading days (going back to July 27/10), gold rose 20%, while silver added on 53%.

Monday, November 08, 2010

Bernanke Sets Gold and Other Commodities on Fire / Commodities / Commodities Trading

By: Larry_Edelson

Ben Bernanke has unleashed the most powerful forces on the planet.

More powerful than any government. More powerful than any other central bank. More powerful than even the President of the United States.

Monday, November 08, 2010

Gold Hits New Record High, Breaks €1000/Oz, on "Gold Standard" Call from World Bank / Commodities / Gold and Silver 2010

By: Adrian_Ash

THE PRICE OF PHYSICAL gold bullion touched a new Dollar-record on Monday – just $1.25 shy of $1400 per ounce at the start of Asian trade – before easing back as global stock markets slipped and the US currency rose on the forex market.

Japanese, Swiss and Canadian investors saw the gold price continue to rise, however, while the Euro price broke above €1000 per ounce for the time in 14 weeks.

Monday, November 08, 2010

World Bank Chief Calls For Return to Modified Gold Standard / Commodities / Gold and Silver 2010

By: GoldCore

This morning, gold hit a new record nominal high in dollar terms at $1,398 an ounce and gold in euro terms surged to reach €1,000. A subsequent bounce in the dollar and profit taking saw gold fall from the record nominal high in dollar terms but it remains near €1,000/oz. There is increasing concern about Ireland and other periphery EU nations' worsening fiscal and economic situations and possible ramifications for the European Monetary Union and the euro. Silver has risen to over €19/oz (see Cross Currency Table below).

Monday, November 08, 2010

QE2 to Dilute the U.S. Dollar and Boost Gold and Silver / Commodities / Gold and Silver 2010

By: Bob_Kirtley

We kick off with a quick look at the chart for the USD which now looks set to test the ‘72′ level of support as billions of new dollars dilute it further. However, the indicators suggest that the USD is now oversold, so we could see a small bounce from this point. Any upward move we believe would be short lived as those holdings dollars at the moment must surely be considering their options and making plans to limit their exposure to any further devaluation of the dollar.

Monday, November 08, 2010

China’s Urban Migration Catapults Copper Prices to New Highs / Commodities / Metals & Mining

By: Money_Morning

Don Miller writes: The next phase of China's economic plan is fueling a relentless appetite for electricity, spiking demand for copper. That has moved investors to drive up the price of the metal, as well as the stocks of companies that mine it.

Copper has risen 14% this year, with contracts traded on the London Metal Exchange tripling since December 2008. The Bloomberg index of world mining stocks this year has climbed 16% to the highest level since Aug. 1, 2008, driven by miners like Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), and Ivanhoe Mines Ltd. (NYSE: IVN)

Monday, November 08, 2010

Gold Testing Resistance to Target $1500 / Commodities / Gold and Silver 2010

By: Rosanne_Lim

In a move to boost a “disappointingly slow” economic recovery, the Fed has finally announced that it will buy $600 billion of US government months over an eight month period to lower interest rates and encourage more borrowing. In addition to this announcement, the Federal Reserve also made it clear that it is ready to do more if growth isn’t achieved in the months ahead.

Monday, November 08, 2010

Silvers Bull Market From $4 to $26 is NOT Deflation / Commodities / Gold and Silver 2010

By: Howard_Katz

Below is a chart of the price of silver over the past 10 years showing the move from $4/oz. to $26/oz.  We call to the attention of Ben Bernanke that silver has been going up.  Prices going up are not “deflation.”

Monday, November 08, 2010

Silver Correction Proved to be Very Short Lived, Targets $36 to $40 / Commodities / Gold and Silver 2010

By: Clive_Maund

Silver's corrective phase turned out to be very short-lived - it only lasted a week before it turned higher again, and then blasted out to new highs on the inflation friendly news from the Fed last week. We can see all of this on the 6-month chart and also how silver is becoming very overbought once more as it approaches the top return line of a tentative parallel uptrend channel - tentative because, like gold, silver is in position to go into parabolic acceleration mode in which, of course, uptrend lines are rendered obsolete, at least temporarily. The current steep uptrend may even approach $30 before silver stops to consolidate/react.

Monday, November 08, 2010

Fed Crosses the Rubicon and Ignites Powerful Parabolic Gold Bull Market / Commodities / Gold and Silver 2010

By: Clive_Maund

The Fed crossed the Rubicon last week with its announcement of another massive tranche of QE (Quantitative Easing or in common parlance money printing), known as QE2. It is thus clear that what is now known as QE1, which was portrayed at the time as "one off rescue of the financial system" was nothing of the kind, but represented instead the bursting of a dam that can never be put back together again. The junkie has graduated to another level, from that of being merely a chronic debtor, unable to live within its means and sponging on the rest of the world, to selling its own future down the river in order to maintain its voracious consumption habits in the present.

Sunday, November 07, 2010

Gold Price Break Out or Fake Out? / Commodities / Gold and Silver 2010

By: Przemyslaw_Radomski

In a now-infamous 2002 speech, Ben Bernanke said: (…) The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost… Under a paper-money system, a determined government can always generate higher spending and hence positive inflation…

Sunday, November 07, 2010

Gold Nudging $1400, $1600 Not Far Away, $2,600 is Not Impossible / Commodities / Gold and Silver 2010

By: Merv_Burak

We’re just nudging up against the $1400 mark, can $1600 be far away?  That still seems to be the most talked about target although $2600 is not all that impossible.  Let’s see where we are at the present time, technically speaking.

Sunday, November 07, 2010

The Charts Say It’s Time For Gold To Pullback / Commodities / Gold and Silver 2010

By: David_Grandey

Below are the charts of GLD and the USD and their correlation says to expect a pullback to at least relieve the overbought nature in the indexes and gold as well.

Sunday, November 07, 2010

Crude Oil and Silver Curious Market Actions Warrant CFTC Investigation / Commodities / Market Manipulation

By: Static_Chaos

Once again we find some strange activity occurring in these markets from a trading perspective, and it is time that the increased staff and resources of the CFTC enforcement division look into these two markets in particular.

Sunday, November 07, 2010

Swimming In Crude Oil? Record High Inventory Will Continue To Build / Commodities / Crude Oil

By: Dian_L_Chu

Despite the recent price surge in crude oil this week, basically going from $81.50 to $87 a barrel within this week--thanks to a Fed's QE2-induced weak dollar-- oil inventories actually added another 2 million barrels build to the current stockpiles.

These are the highest inventory levels for crude in 2010 and are just shy of the 370 million mark, which will be punctuated next week with another build in crude stockpiles. (See Stocks Chart from the U.S. EIA)

Sunday, November 07, 2010

Uranium and Nuclear Power Investing Mega-trend For the Next Decade / Commodities / Uranium

By: Nadeem_Walayat

Ten years ago the investment mega-trends to get on board where the emerging markets and commodities such as Gold, all clear in hindsight you might say, so what about the mega-trends for the next decade ?