Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, September 28, 2010
Gold Bugs Infiltrate Central Banks / Commodities / Gold and Silver 2010
Have Gold Bugs managed to infiltrate the central banks? Or, do we have another indicator of the frothiness of the current Gold market? From CNN.com and Financial Times we read, “In the CBGA’s(Central Bank Gold Agreement) year to September, which expired on Sunday, the signatories sold 6.2 tonnes, down 96 per cent, according to provisional data. The sales are the lowest since the agreement was signed in 1999, and well below the peak of 497 tonnes in 2004-5.(27 Sep 2010)”
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Tuesday, September 28, 2010
Gold, The canary or the elephant? / Commodities / Gold and Silver 2010
Many have been talking over the last couple weeks about gold being the “canary in the coal mine” for fiat money. It would be wise for those who believe the price can only go north, to turn their focus instead, to the “elephant in the room”.
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Tuesday, September 28, 2010
Why Did the Gold Price Start Rising from $275 in 2000 and Still Rising Through $1,300? / Commodities / Gold and Silver 2010
Hindsight is always a satisfying exercise, because you have all the facts, you know what happened eventually and you simply have to find the reasoning that is now established by history. Forecasters can be judged efficiently as to whether they were right or wrong in the light of history after the event, only.
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Tuesday, September 28, 2010
Gold April Disconnect / Commodities / Gold and Silver 2010
Yes I know it is now September, and no this article is not five months late. We have been in a consolidation phase and this has been a very strange year. Gold made a high in May just US$50 below the current record price which is nudging US$1300. At the Northern hemisphere summer solstice, on June 21st this year gold made another high just US$34 below Mondays close.
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Tuesday, September 28, 2010
Gold Only 10% Above 200 Day Moving Average / Commodities / Gold and Silver 2010
Gold rose slightly yesterday as the dollar fluctuated and US stocks suffered small losses but has fallen 0.3% today. Gold was a whisker away from the $1,300/oz level on the spot market yesterday with some very determined sellers at this level. Those holding large short positions may be determined to defend this level in order to protect against further losses. Tentative speculative longs may take profits.
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Tuesday, September 28, 2010
How Investors Can Profit from Junk Silver / Commodities / Gold and Silver 2010
Peter Krauth writes: Despite its name, junk silver is not junk.
Indeed, the term "junk silver" is actually a misnomer, since this form of silver investing has provided excellent returns over the past decade. Junk silver consists of U.S. quarters, dimes, and half-dollars minted before 1965, since coins struck before that time contain 90% silver and 10% copper.
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Tuesday, September 28, 2010
Marc Faber Says Accumulate Gold and Keep it as Cash / Commodities / Gold and Silver 2010
Faber thinks the Chinese yuan, along with other Asian currencies, will continue to appreciate against the weakening US dollar. “We are in an Olympic game in the world to depreciate currencies,” he says.
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Tuesday, September 28, 2010
How Realistic Is Gold $5,000? / Commodities / Gold and Silver 2010
Chris Mack writes: Taking into account 11 key measurements based on historical movements and price ratios, gold is likely to exceed $5,000 and silver is likely to exceed $200 within the next 5 years. If silver reverts to its historical ratio of 16 to 1 with gold, then it could rise even higher. Let me explain.
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Monday, September 27, 2010
Gold a Bubble? / Commodities / Gold and Silver 2010
NOT - EVEN - CLOSE - With the number of financial bubbles inflating and bursting over the past decade and a half, it isn’t surprising that financial analysts have their “bubble-dar” honed and active. What is surprising though is the large number who have resoundingly dubbed the gold market as “the next big bubble.” But is it? Most gold owners reject claims that gold is in a bubble, but they might not be sure exactly why. The most concrete and convincing evidence against gold being in a bubble, though, is right in front of us.
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Monday, September 27, 2010
Gold Bullion vs Paper Gold, Rock Crushes Scissors / Commodities / Gold and Silver 2010
You may remember my commentary entitled Paper Cover Rock from the end of July in which the game ‘rock paper scissors’ was employed to illustrate how at the time our bureaucracy’s price managers (the bank cartel, etc., call them what you will) crushed gold (and silver) going into August options despite excessive bearish sentiment at the time to prove a point, the point being prices will be contained no matter what. The idea here is paper pricing mechanisms (they are not true markets because of heavy manipulation) the bureaucracy uses to price precious metals (COMEX in this case) were successful in keeping prices contained in July, hence the title ‘paper covers rock’ at the time to reflect the outcome. Again, this was the outcome despite lopsided bearish bets at $1200 and above in COMEX Gold open interest put / call ratios, a primary measure of sentiment, that was suggestive prices should have been squeezed higher going into expiry, not the other way around.
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Monday, September 27, 2010
Gold - Currency Status since 2600 BC, Like A Thief In The Night / Commodities / Gold and Silver 2010
To date, the crime syndicate has struck 3,800 times. At the bottom of this article you will find a partial list of the mob hits that have been made by the organized crime syndicate many refer to as: La Cosa Nos(Cen)tra(l) Banksters. The families of the diseased are large - entire nations. They made the unfortunate and common mistake of trusting their late, and once rich Uncle Currency with safeguarding the value stored in their life savings. Those that didn’t take out a life insurance plan suffered. Many, like the little children of Argentina, actually starved to death.
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Monday, September 27, 2010
Gold Breaks $1300 as London Bullion Market Meets Investment Demand / Commodities / Gold and Silver 2010
Spot Gold Prices broke above $1300 an ounce early in London trade on Monday, pulling silver to new 30-year highs above $21.60 as world stock markets crept higher.
US crude oil contracts held north of $76 per barrel while the US Dollar recovered from new 5-month lows to the Euro, hit overnight in Asian trade.
Monday, September 27, 2010
Don’t Fear the Gold Dealers. Fear The Government! / Commodities / Gold and Silver 2010
CNBC ran an interesting article last Friday entitled, “Lawmakers Take Steps to Protect Gold Investors”. The article discussed how politicians are questioning the tactics used by those selling gold, with Rep. Anthony Weiner contending, “The television gold industry is an industry, and is led by one particular company that has built up the industry on fear, lies and rip-offs.”
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Monday, September 27, 2010
Soybean Commodity Bulls Break From 2010 Range / Commodities / Commodities Trading
After early 2010 weakness the price of Soybeans (CBOT) has, with some interruption, been moving from the bottom to top of its range for the year. Latest strength has seen a bullish break through the top of this now, so we can start looking at high targets/resistances.
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Monday, September 27, 2010
Surging Coffee Commodity Prices Trigger Consumer Pain, Investor Gain / Commodities / Coffee
Kerri Shannon writes: Starbucks Corp. (Nasdaq: SBUX) has announced that it will charge more for many of its drinks to compensate for surging coffee prices, which have climbed to their highest level in 13.
The famous coffee chain announced Wednesday it would make "targeted price adjustments on certain beverages in certain markets," according to a press release on its Web site.
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Monday, September 27, 2010
Gold And Silver Bull Market Breakouts / Commodities / Gold and Silver 2010
Above are the weekly basis charts for gold and silver for the past 3 years. Two weeks ago silver broke out of a symmetrical triangle and started to move aggressively to the upside.
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Sunday, September 26, 2010
Return of Quantitative Easing Good for Gold / Commodities / Gold and Silver 2010
The Federal Reserve said two words in its statement this week that should make every gold investor happy: Quantitative Easing. The Fed hinted that we may see additional QE measures as early as November. The news is good for gold investors because it means there could be more dollars chasing a finite amount of resources, further devaluing the U.S. dollar.
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Sunday, September 26, 2010
Investing in the Smart Grid: Debunking the Three Biggest Myths About This Energy Industry / Commodities / Energy Resources
David Fessler writes: I looked at the statistics and thought, “Uh-oh.”
After all, the messy dotcom boom-to-bust of 10 years ago is a stark reminder of what can happen when too much money chases after an industry that can’t keep up.
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Sunday, September 26, 2010
Gold Excitement Builds Around $1300 Round Number / Commodities / Gold and Silver 2010
Other than Tuesday it was a pretty good week. There was all that excitement about the $1300 mark for gold but let’s get real, it’s only a number. We have higher numbers on our mind.
GOLD - This is a busy week-end so the commentary will be pretty short and only the facts.
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Saturday, September 25, 2010
Gold Historic Rally Continues, No Bubble Yet / Commodities / Gold and Silver 2010
Gold broke above $1300 an ounce on Friday and silver ended at a new 30-year high. Whether these gains are sustainable over the near term is impossible to comment on. What can be said is that gold is likely to remain in a long-term uptrend so long as the central banks continue to try and manipulate currency and asset prices, and/or the outlook for fiscal deficits remains worrisome. In other words, gold and silver today serve as both a hedge against the downfall of fiat money and the threat of major sovereign default(s).
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