Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, September 17, 2010
Gold's "Z-Score" Defies George Soros' "Bubble" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD broke new Dollar records for the third time this week in London trade Friday morning, peaking above $1282 per ounce as world stock markets extended their 2% gains from Monday.
Major-economy government bonds also rose, pushing interest rates lower as new German and US data showed inflation stalling on the official measures in August, while crude oil recovered above $75 per barrel.
Friday, September 17, 2010
Gold Makes Successive New All Time Highs Despite Continuing Public Apathy / Commodities / Gold and Silver 2010
Gold and silver are higher again this morning with gold hitting new record nominal highs and silver having risen sharply to $20.995/oz which is a new multi-month high. A close above $21/oz will be important technically and a close above $21.24/oz would be very bullish technically with long term chart analysts looking at the 1980 record high (just below $50/oz) and the silver's record quarterly high close of $32.20/oz as the next levels of technical resistance.
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Friday, September 17, 2010
Gold Price in All Major Currencies / Commodities / Gold and Silver 2010
A common flaw that we see the average investor make is to follow their investments measured in foreign currencies and at the same time forget to calculate their local exchange rate on those investments. This is a HUGE mistake as the fluctuation of an investor’s home currency has a massive impact on their returns.
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Friday, September 17, 2010
How High Can Gold Go During the Current Upleg? / Commodities / Gold and Silver 2010
Gold fever is converting an increasing number of mainstream investors into gold bugs. Newbies who were fortunate enough to buy gold at any point during this year are no doubt celebrating their gains. And many are looking to take profits now that gold has made another record (nominal) high at $1,279. After all, the gold price has enjoyed an advance of nearly $100 during the past month and we are probably facing some profit taking and correction, right?
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Friday, September 17, 2010
Government vs. Gold / Commodities / Gold and Silver 2010
Some recent headlines look ominous...
"Healthcare bill reveals hidden tax for precious metals transactions"
"Congress starts hearings on gold"
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Friday, September 17, 2010
Gold Stocks – Where is the Bull Market? / Commodities / Gold & Silver Stocks
Gold bullion has been on a strong and steady march since its bottom in late 2008 but Gold stocks have remained mired in a sideways movement as investors become impatient waiting for the sun to shine upon them. But to understand why Gold stocks are moving sideways investors first need to have a brief history lesson about the industry.
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Friday, September 17, 2010
Look for Underlying Crude Oil and Natural Gas Catalysts / Commodities / Oil Companies
Eric Nuttall, portfolio manager of Sprott Asset Management's Energy Fund, believes there are opportunities in both oil and gas, regardless of commodity prices. "I'm entirely agnostic when it comes to the commodity price. It all comes down to the valuation," Eric explains. He seeks companies with existing production priced at a reasonable multiple and, as he puts it, gets all the exploration upside for "free." Eric talks about some companies that fit that bill in this exclusive interview with The Energy Report.
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Thursday, September 16, 2010
Gold Trading Volume Jumps, Signals More Upside or Warning? / Commodities / Gold and Silver 2010
Gold prices are rising from the long-term perspective and it’s no wonder. Central banks that had one time liked nothing better than to get rid of their gold reserves, are amassing major gold positions. The International Monetary Fund said last week that it sold 10 metric tons of gold to the central bank of Bangladesh raising $403 million. The IMF has already sold 212 tons of gold to the Reserve Bank of India, the Bank of Mauritius and the central bank of Sri Lanka, all in November last year.
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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.