Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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?
Read full article... Read full article...
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.
Tuesday, September 14, 2010
Silver Closes Above $20/oz - Higest Silver Close Since March 2008 / Commodities / Gold and Silver 2010
The Japanese yen, Swiss franc, gold and particularly silver are stronger this morning as risk aversion has returned as seen in lower European equity markets. The dollar has recovered from earlier weakness and the euro has fallen to 1.284 USD and €976/oz. Oil back above $77 a barrel and rising commodity prices is likely also supporting gold and silver.
Read full article... Read full article...
Tuesday, September 14, 2010
Silver Breakout / Commodities / Gold and Silver 2010
The outlook for silver has brightened considerably in recent weeks due to its breaking out upside from the tight Triangle pattern that had developed through the Summer months, although it has yet to break out above its 2008 highs, which is a one crumb of comfort for bears, along with the latest COT figures. Many of the arguments set out in the Gold Market update are equally applicable to silver, to which readers are referred.
Read full article... Read full article...
Tuesday, September 14, 2010
Gold and Silver Bull and Bear Case / Commodities / Gold and Silver 2010
Some years ago I remember watching a retrospective documentary about life in Florida in the heady days of the Apollo moon program. In one bit of old film was one of those VW camper vans, of the type favored by freewheeling hippies, which had heavily darkened windows on one of which was scrawled the simple message "Don`t laugh - your daughter may be in here". I share this priceless memory with you in order to illustrate the crucial point that the way we perceive situations depends on how they affect us personally.
Read full article... Read full article...
Monday, September 13, 2010
Blatant Price Capping of Precious Metals, The Silver Bullet / Commodities / Gold and Silver 2010
The blatant price capping of precious metals over the past few days while the larger equity complex was jammed higher with the help of the bureaucracy’s price managers shows two things. First it shows how important gold and silver are in terms of being signals, where it was deemed necessary top hold them back. And second, we are at important resistance (which we will show below), where once exceeded, substantial gains should be expected in signaling another acceleration in quantitative easing (QE). Because that’s exactly what needs to be done if our fiat masters, The Boys From Brazil, are to maintain the illusion. It’s either that or settle the ongoing inflation / deflation debate with a collapse in asset prices and our fiat currency economy.
Read full article... Read full article...
Monday, September 13, 2010
Gold Down, Silver Up as Risk-Friendly Chinese & Basel News Outweighs Ongoing Double-Dip Fears / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in professional, wholesale dealing reversed an earlier 0.4% drop for Dollar investors as London trade drew to a close on Monday, rising back above $1247 an ounce – but staying lower vs. non-US currencies – as world stock markets rose and government bonds slipped.
Crude oil rose through $77 per barrel, while the Euro jumped almost 2¢ to a one-week high above $1.2865.
Monday, September 13, 2010
The Only Cheap Gold Investment Left / Commodities / Gold and Silver 2010
Tom Dyson writes:Gold closed at a new all time high last week, settling at $1,259 an ounce on Tuesday...
Gold is up 15% this year, 44% since the start of 2009, and 353% in the last eight years. If gold's strength continues for the rest of the year, it will have closed higher every year for 10 consecutive years.
Monday, September 13, 2010
Why Buy Gold Stocks? / Commodities / Gold & Silver Stocks
For profit and wealth protection. Gold mining companies have done extremely well over the past ten years and in particular since the 2008 credit crisis, commonly known as the Global Financial Crisis (GFC). Many investors have made well above average returns investing in gold mining companies and gold itself during this time. The opportunity has not passed because the underlying reasons that have caused this bull market have not been fixed.Read full article... Read full article...
Monday, September 13, 2010
Gold and Silver to the moon and precious metal shares into outer space / Commodities / Gold and Silver 2010
Sure, sure, gold and silver to the moon and precious metal shares into outer space… This news is all over the internet and on a multitude of T.V. advertisements.
However, if in the meantime you want to keep from losing your shirt, read on and study the chart posted below.
Read full article... Read full article...
Monday, September 13, 2010
Gold Lower on Basel III and Chinese Data Despite Chinese Diversification Talk / Commodities / Gold and Silver 2010
Gold and the dollar have fallen as risk appetite has returned due to the Basel III regulations and the positive economic data out of China. The euro in particular has rallied sharply in what would appear to be a relief rally after the recent weakness. Gold and silver fell marginally last week which has clouded the technical picture and could lead to momentum driven weakness this week. However, the medium and long term fundamentals remain sound and should reassert themselves if there is a period of correction and consolidation.
Read full article... Read full article...
Monday, September 13, 2010
Silver Break Out From Ascending Triangle Price Pattern / Commodities / Gold and Silver 2010
Below we see the chart of silver (weekly basis) from its peak in March 2008. Clearly drawn is a triangle which is almost ascending. (The top line would have to be horizontal.) We can regard it either as an ascending triangle or a symmetrical triangle. This triangle broke out on Sept. 3.
Read full article... Read full article...
Monday, September 13, 2010
Gold forms Overbought Rising Wedge at Resistance / Commodities / Gold and Silver 2010
Precious metals soar as investors flock to gold and silver. But are they looking deep enough to truly understand the current trends at hand?
When reviewing the metals sector I like to look at it from different angles to get a solid understanding of the patterns and trend forming. I follow multiple time frames along with monitoring the gold mining stocks. Gold stocks tend to lead the price of gold bullion and when its out performing the price of gold substantially by 10% or more you should be expecting a pause or pullback in both gold stocks and gold bullion prices temporarily.
Read full article... Read full article...
Sunday, September 12, 2010
Gold Push to New Highs Evaporates, Temporary Top / Commodities / Gold and Silver 2010
Tuesday there was hope gold would push into new highs but that seems to have evaporated for now. It looks like a temporary top so we will just have to wait a little longer for the next new high.
Read full article... Read full article...