Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, September 16, 2010
Agricultural Commodities Trading, Will Grains Gain OR Wane? / Commodities / Agricultural Commodities
Over the past few months, leading grain prices have climbed up the commodity wall like a "mile-a-minute" kudzu vine. From late June to early August, the big three grain markets (wheat, corn, and soybeans) soared 40%-plus in a coordinated rally to multi-year highs before leveling off.
The question on the minds of market participants is simple: Is the grains' uptrend set to end?
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Thursday, September 16, 2010
Today's Hottest Energy Sector Investment Plays / Commodities / Energy Resources
Marin Katusa, an accomplished investment analyst, is the senior editor of Casey’s Energy Opportunities, Casey’s Energy Confidential, and Casey’s Energy Report. He left a successful teaching career to pursue analyzing and investing in junior resource companies. In addition, he is a regular commentator on BNN and a member of the Vancouver Angel Forum where he and his colleagues evaluate early seed investment opportunities. Marin also manages a portfolio of international real estate projects. Using advanced mathematical skills, he has created a diagnostic resource market tool that analyzes and compares hundreds of investment variables. Through his own investments, Marin has established a network of relationships with many of the key players in the junior resource sector in Vancouver.
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Thursday, September 16, 2010
Gold Hits New USD Record, Silver Breaks 3-Decade Top in Euros / Commodities / Gold and Silver 2010
THE PRICE OF GOLD jumped once again for Dollar investors on Thursday, hitting fresh record highs at $1278 an ounce as world stock markets slipped – and government bonds rose – ahead of key US inflation data.
"This is a period of great uncertainty, so nothing is safe," said hedge-fund legend George Soros in an interview with Reuters late Wednesday.
Thursday, September 16, 2010
Gold New Record High, Just 2% Below $1,300/oz / Commodities / Gold and Silver 2010
Gold and silver have risen to new record highs and new multiyear highs respectively as investors are becoming increasingly concerned about the health of the eurozone financial system and the fragility of the recent economic recovery. Both are higher against all major currencies this morning (see Cross Currency Table) as the precious metals' safe haven credentials are being increasingly respected. Stocks have fallen for a third day in Europe, and US futures declined as an unexpected drop in UK retail sales revived concerns that the economic recovery is stalling.
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Thursday, September 16, 2010
Crude Oil Future Record Breaking Contango Suggests Higher Oil Prices for 2011 / Commodities / Crude Oil
Jason Simpkins writes: ConocoPhillips (NYSE: COP) is paying $41,000 a day to keep a storage tanker capable of holding 3 million barrels of oil floating in the Gulf of Mexico, according to international ship- and offshore broking firm RS Platou. And the TI Europe is just one of hundreds of oil tankers sitting idle in waters around the world, as energy companies and investment banks await higher prices for crude.
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Thursday, September 16, 2010
Soros: Nothing Is Very Safe, Including Gold / Commodities / Gold and Silver 2010
Spot gold Tuesday hit a record $1,274.75 an ounce,drifted lower on Wednesday as the dollar surged 3% against the yen when Japan intervened in the currency market for the first time in six years. The yellow metal quickly found support at just below $1,270 an ounce, still near its record high.
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Thursday, September 16, 2010
Gold Price Breakout, The Ominous Silent Canary / Commodities / Gold and Silver 2010
Alan Greenspan had full knowledge of his betrayal to the principles of sound money. He wrote early in his career about the only legitimate basis for a monetary system, namely Gold. His published works from four decades ago read like an indictment against his career for monetary crimes against the nation. His accommodation, giving the financial sector what they wanted, betrayed his mindset. He knew the nation courted disaster with a long delayed fuse. His quote is being circulated frequently and broadly lately, "Gold is the canary in the financial coal mine." Exactly, precisely, perfectly. Greenspan proved to be a great handler of the politicians, offering them obfuscation of the most erudite variety. They were so confused by his drivel to be immensely impressed.
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Thursday, September 16, 2010
Gold Forecast to Hit $1600 This Year / Commodities / Gold and Silver 2010
International Forecaster Editor Bob Chapman believes the world is headed for a single governing structure where gold and silver are commonly traded currencies. In this exclusive interview with The Gold Report, Bob tells you why he thinks gold could still hit $1,600 this year despite the government's efforts to smother the gold price. He also offers a handful of equities he believes are worthwhile investments in such a price environment.
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Wednesday, September 15, 2010
Gold Finds Support After "Soros Swoon" / Commodities / Gold and Silver 2010
Earlier today gold and the SPDR Gold Shares (NYSE: GLD) hit a bit of an air pocket which I suspect should be attributed to the comments by hedge fund legend George Soros about gold being the "ultimate bubble." That aside, let's notice that the "Soros Swoon" managed to find support at an important near-term point-and-figure breakout plateau at 123.40 in the GLD.
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Wednesday, September 15, 2010
Gold Remains Near Record High as Risk Aversion Returns / Commodities / Gold and Silver 2010
Gold remains near record (nominal) highs with stocks in Europe and the US under pressure today as recent investor enthusiasm has waned. Further signs of a slowdown in the US economy were seen in a report which indicated growth in manufacturing activity in New York slowed this month. The inflation numbers were also worse than expected with prices of goods imported into the US rising by more than forecast in August as crude oil and food costs jumped.
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Wednesday, September 15, 2010
Commodity Forecasts, Video Analysis, Trading Lessons and More! / Commodities / Commodities Trading
Elliott Wave International has just announced the beginning of their popular commodity FreeWeek event, where non-subscribers can access their most popular premium services!
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Wednesday, September 15, 2010
Gold at New All Time U.S. Dollar Highs / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing held tight some $5 below yesterday's new Dollar high of $1275 an ounce in Asia and London on Wednesday, slipping back against all other major currencies bar the Japanese Yen, which fell on news that the Tokyo authorities are actively selling their own currency to depress its value.
"The race to the bottom in the FX markets is now on," says a note from Mitsui's metal dealing team in London.
Wednesday, September 15, 2010
Silver Steals Some Thunder From Gold / Commodities / Gold and Silver 2010
The XAU Gold Silver Index closed 2.69% higher on Tuesday at 190.63. The Gold Bugs Index (HUI) closed 3.36% higher at 495.99. December gold closed 1.835 higher at $1,268. December silver ended 1.71% higher at $20.50.Read full article... Read full article...
Wednesday, September 15, 2010
A Sparkling Day to be a Gold Bug / Commodities / Gold and Silver 2010
Chart courtesy of Kitco.com
Wednesday, September 15, 2010
Your Gold and Silver Game Plan Going Forward / Commodities / Gold and Silver 2010
In our last commentary we quickly covered the current outlook of Gold, Silver, the mining shares and the juniors. The breakout in the sector continued today as Gold reached a new high and the mining shares (as per the HUI or GDX) closed near a nine or ten month high. The juniors (GDXJ) and Silver continued higher. Most important, both GDX and GDXJ gapped higher and made strong closes and on large volume. Everything is on track and there is little reason to think otherwise.
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Tuesday, September 14, 2010
Gold Makes New All Time High! Where Next? / Commodities / Gold and Silver 2010
Here’s the game for anyone who doesn’t have the time or inclination to follow the markets, and you won’t hear this on TV either. The US Federal Reserve is acting as the buyer of last resort in the bond market in an effort to give the appearance that demand for US debt exists. They print dollars to do this. In supporting the bond, and stocks to a lesser degree, they will destroy the US dollar. Yesterday the greenback took a big hit and today it is getting walloped again. Sooner or later this will spill over into bonds and stocks, and I am convinced it will be sooner.
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Tuesday, September 14, 2010
Glenn Beck and Goldline, Gold Confiscation Straws in the Wind? / Commodities / Gold and Silver 2010
David Galland, Managing Director, Casey Research writes: In the emails that our readers at Casey Research send our way, questions and concerns about the possibility of gold confiscation rank high.
My somewhat standard response is that, yes, it’s possible, but that we should see straws in the wind well before it happened… allowing us to take measures to protect ourselves.
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Tuesday, September 14, 2010
Will the Chinese Yuan Rise? What of Chinese Gold Investors? / Commodities / Gold and Silver 2010
There is palpable anger in the U.S. over the current 'peg' of the Yuan against the Dollar. Despite promises that the Yuan will rise, it remains close to where it was before China commented on its impending rise. Accusations of currency manipulation are again about to be leveled at China. The Chinese government must be thinking very carefully about the behavior of the Yuan in the days to come. In the face of U.S. anger, will the Chinese let the Yuan rise? With the government encouraging Chinese investors to buy gold and developing the Chinese gold distribution system, will investors feel if the Yuan were to rise 20% - 40% against the Dollar while gold falls by the same amount inside China?
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Tuesday, September 14, 2010
My Simple Crude Oil Trading System / Commodities / Crude Oil
Dr. Steve Sjuggerud writes: Today, I'll share with you a simple system that makes money in oil...
If you had invested $10,000 in this simple system about 25 years ago, it would have turned into $63,000 today, versus $23,000 for buy-and-hold.
Tuesday, September 14, 2010
Gold and Silver Rise on Northern Rock, Lehmans' Anniversaries / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rose as the Euro fell from near 5-week highs to the Dollar and world stock markets also slipped early Tuesday.
Rising to a four-session high of $1257 an ounce for US investors, the gold price in Euros jumped 1.5% from yesterday's low to touch €31,480 per kilo.