Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, September 23, 2010
Gold Steady Despite Dollar Rally / Commodities / Gold and Silver 2010
THE PRICE OF GOLD sat tight above $1290 an ounce in London on Thursday morning, holding 1.4% above last week's close as European stock markets extended their losses to 1.2% and crude oil dropped below $74 per barrel.
"Gold has remained fairly steady around yesterday's closing level, in spite of a stronger Dollar," says one London dealer in a note.
Thursday, September 23, 2010
Why Silver Will Beat Gold / Commodities / Gold and Silver 2010
Peter Krauth writes: Gold surged to an all-time record high of $1,298 an ounce yesterday (Wednesday) after a U.S. Federal Reserve plan to jump-start the American economy triggered a slump in the U.S. dollar.
The yellow metal has now rallied for five straight trading sessions and is up about 18% for the year. Investors are waking up to the fact that the central bank's plan to use U.S. Treasury purchases as a means of injecting another $2.3 trillion into the U.S. economy is only going to further debase the greenback.
Read full article... Read full article...
Thursday, September 23, 2010
Gold Bull Strong as U.S. Fed Stuck at Permanent 0% Interest Rate / Commodities / Gold and Silver 2010
Japan has proved without confusion that 0% is a permanent stuck position. The United States will repeat the path, but with a vast mudslide. Japan has had the advantage of a strong industrial base, a sizeable trade surplus, and no war budget. Thus it has been capable of funding much of its own deficits. It does possess a big debt burden. But the US has $1 of new debt for every $1 in government revenue. The US war budget is almost as large as its total revenue. The US depends upon foreign creditors, many of whom have been thoroughly alienated.
Read full article... Read full article...
Thursday, September 23, 2010
Who Are the Gold Experts? / Commodities / Gold and Silver 2010
The experts on gold are the people who publicly recommended that investors purchase gold when gold was under $300. They recommended that people purchase gold when gold was at $300, $400, $500, $600, $700, $800, $900, $1000, $1100, and, finally, $1200.
The non-experts on gold are the people who never told investors to invest in gold at any price, and who are now saying that gold is going to decline in price, and therefore it is not a good investment.
Read full article... Read full article...
Thursday, September 23, 2010
Junior Gold Stocks Exception Among Equities / Commodities / Gold & Silver Stocks
As the world sinks deeper into what he calls the Greater Depression, Casey Research Chairman Doug Casey sees default on the U.S. national debt as inevitable -- albeit probably in the guise of currency destruction. He anticipates further contraction in real estate, particularly on the commercial front. As long as stocks remain overpriced, he'll shy away from equities -- except perhaps in favored sectors, such as gold. In fact, in this exclusive interview with The Gold Report, Doug posits that gold juniors might "go up by an order of magnitude or more, even while most other stocks are going down."
Read full article... Read full article...
Wednesday, September 22, 2010
Gold Jumps to $1295 on US Fed's QE2 Shocker / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing leapt to fresh record highs vs. the Dollar at $1295 an ounce early Wednesday, after the US currency fell hard following the Federal Reserve's new policy stance, pointing to fresh "money printing" ahead.
Silver prices also rose, hitting new 30-year highs at $21.20 an ounce, as world stock markets fell.
Wednesday, September 22, 2010
Gold Confirms Its Bull Market Uptrend Once More / Commodities / Gold and Silver 2010
When the dot com bubble burst and stocks entered a secular bear market, gold did just the opposite and began a secular bull.
As you can see on the chart below, this bull market is doing quite well. In fact, on Monday gold broke out to a new all–time closing high of $1,278.35, thus once more confirming its uptrend.
Read full article... Read full article...
Wednesday, September 22, 2010
Gold Surges to Record Near $1,300/oz on Fed FOMC Statement / Commodities / Gold and Silver 2010
Gold surged after the Fed statement yesterday indicating that interest rates would remain at 0 to 0.25% and will remain exceptionally low for an extended period. No change in policy was announced but some market participants have interpreted the statement to mean that the Federal Reserve may embark on a new round of quantitative easing. The dollar fell sharply on the announcement and gold surged from $1,272.40/oz to a new record over $1,290/oz or 1% in the following hour. Silver surged more, rising from $20.62/oz to over $21.00/oz or 2% in the minutes after the announcement - a new 30 year high (see long term quarterly silver chart below).
Read full article... Read full article...
Wednesday, September 22, 2010
Investing in the Paris Basin Shale Oil Play / Commodities / Crude Oil
10x Bigger than the BakkenThe Paris Basin shale oil play in France has the potential to be ten times the size of the Bakken play in North America, and some high profile exploration is beginning soon.
Read full article... Read full article...
Wednesday, September 22, 2010
Gold/Silver Ratio Analysis / Commodities / Gold and Silver 2010
The Gold/Silver ratio has just broken in favor of Silver. In other words, the ratio has broken to the downside. This development along with persistent strength in Gold has prompted the mainstream gurus and “experts” to talk up Silver. We've been writing about the potential in Silver on more than one occasion.
Read full article... Read full article...
Wednesday, September 22, 2010
Technology Is Key to Energy Sector Investment Plays / Commodities / Energy Resources
Alexander Montano, managing director of the Corporate Finance Group with California-based C. K. Cooper & Co., puts a lot of faith in technology when it comes to making oil and gas plays pay. Alex sees major opportunities for new technology in old oil basins and suggests some names making good on that thesis in this exclusive interview with The Energy Report.
Read full article... Read full article...
Tuesday, September 21, 2010
How High Will Gold Go Autumn 2010? / Commodities / Gold and Silver 2010
Jeff Clark, Senior Editor, Casey's Gold & Resource Report writes: The gold price has been hitting ever-new records over the past couple weeks, now closing in on the $1,300 mark. Some gold followers are saying this is extremely bullish for the near-term price since it broke so decisively through its June 28th high of $1,261. If they're right, how high might this particular surge go?
Read full article... Read full article...
Tuesday, September 21, 2010
Crude Oil Under Pressure / Commodities / Crude Oil
Nearby crude oil prices are under pressure again today, and are putting pressure on key near-term support levels at $73.10/00, at $72.75 (9/17 low), and possibly at $72.20 (major trendline from Jan '09 low). While the enclosed chart reflects the nearby contract, which expires today, the continuation pattern remains problematic for the bulls because pressure continues to mount that should test and likely violate the aforementioned support levels.
Read full article... Read full article...
Tuesday, September 21, 2010
Who Will Buy the Last 88.3 tonnes of I.M.F. Gold? / Commodities / Gold and Silver 2010
As you all know Bangladesh bought 10 tonnes of the gold on sale from the I.M.F. last week. This leaves 88.3 tonnes to sell now. The 10 tonnes that Bangladesh bought cost them around $1,260 an ounce. This tells us that price was not a determinant in the matter. This may surprise many, but it does highlight something about why central banks in general are buying gold now.
Read full article... Read full article...
Tuesday, September 21, 2010
Gold's "Straight North" Rally Driven by Fears of QE / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion eased back from yesterday's new record highs in London on Tuesday, unwinding Monday's 0.7% gain as world stock markets crept higher ahead of the US Federal Reserve's latest policy decision.
Major-economy government bonds rose, and crude oil fell.
Tuesday, September 21, 2010
AMEX HUI Gold BUGS Stocks Index Elliott Wave Analysis / Commodities / Gold & Silver Stocks
Sorry for the delay in posting this article...the amount of time for deducing the Elliott Wave count has occupied an inordinate amount of time. The present behaviour of the HUI leaves only the presented Elliott Wave count as being plausible at the moment. There are many undercurrents in the market at present and often how they blend to create sudden vortexes or expansions in strength of flow are impossible to predict. If the HUI were to take out 450 in the coming correction, then I would have to revise my thinking...however, analysis on gold, and the broad stock market indices support the presented ideas of this article (at least for the moment).
Read full article... Read full article...
Tuesday, September 21, 2010
Five Ways to Profit as Coffee Prices Soar, Food Price Inflation / Commodities / Gold and Silver 2010
Jack Barnes writes: If you’re anything like me, you can’t resist stopping in for a “cup of Joe” every morning. If so, you’re probably also like me in that you’re experiencing a bit of pain in the wallet right now, given the steady increase in coffee prices we’ve see over the last year (and especially in the last few months).
If you want physical proof that we’re operating in a truly global economy these days, just look at how these three factors have creamed your coffee budget:
Read full article... Read full article...
Tuesday, September 21, 2010
Saudi Arabia Has Enough Crude Oil For 80 Years / Commodities / Crude Oil
Khalid al-Falih, CEO of Saudi Aramco, a state-run oil enterprise of Saudi Arabia, said at the 21st World Energy Conference in Montreal that his nation's oil reserves would be enough for at least 80 years, taking account of the current development of the oil industry.
The official added that there would be more crude extracted because Saudi Arabia was increasing the output level for its oil fields from 40 to 70 percent, RIA Novosti reports.
Tuesday, September 21, 2010
Gold Perfect Storm / Commodities / Gold and Silver 2010
A few months ago, U.S. Global Investors' CEO and Chief Investment Officer Frank Holmes told The Gold Report readers to watch the horizon for a confluence of three forces creating the "perfect storm where gold takes off." Those forces are now in alignment, that perfect storm is raging and gold is on the move. In another exclusive interview, Frank updates us on the metal's march, its implications for gold equities, his enthusiasm for doing business in Colombia and his thoughts about the upcoming midterm U.S. elections.
Read full article... Read full article...
Tuesday, September 21, 2010
Has the Price of Gold Reached its Zenith? / Commodities / Gold and Silver 2010
Today are going to be looking at gold and analyze the recent run-up that has created a great deal of excitement and fear for many investors and traders.
We're also going to be looking at some upside measurements that we have for this market. Conversely, we are also looking at an area that should provide support should the gold market pull back from its current levels.
Read full article... Read full article...