Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Tuesday, July 06, 2010

More Downside for Gold GLD ETF / Commodities / Gold and Silver 2010

By: Mike_Paulenoff

The SPDR Gold Trust (GLD) is down about 6% from its June high at 123.50/52, and down about 2% from its violation of key near-term support at 119.03. As we noted to subscribers late last Thursday, a break of that support level will argue that the GLD is entering a long liquidation "event."

Tuesday, July 06, 2010

Combating Annuities With Gold, Silver and Oil / Commodities / Gold and Silver 2010

By: Richard_Daughty

People are always writing me and asking questions, which can usually be divided into one of two categories. The first category is the one that I call "Is there something wrong with you that you sound/look/appear so stupid/ugly/weird?" (Answer: "Probably"), and the other, smaller category is the one I call "Other."

Tuesday, July 06, 2010

Gold Adds "Anti-Commodity" to "Anti-Equity" Sticker as Strong Euro Link Returns / Commodities / Gold and Silver 2010

By: Adrian_Ash

THE PRICE OF gold bullion in wholesale dealing drifted lower as US dealers returned from the Independence Day holiday on Tuesday, trading below $1206 an ounce as European rose sharply, recovering one-third of last week's 5% drop.

Government bonds eased back and silver bullion was little changed above $17.80 an ounce, but crude oil crept back above $73 per barrel while the broad CRB commodities index added 0.5%.

Tuesday, July 06, 2010

Gold Tentatively Consolidates Above $1,200/oz on Asian Demand / Commodities / Gold and Silver 2010

By: GoldCore

Increased risk appetite has seen equities in Asia and Europe rally strongly and gold appears to be tentatively attempting to consolidate above support at $1,200/oz. Resistance is at $1,250/oz and the record nominal high of $1,265/oz. Below $1,200/oz gold could fall to support at $1,175/oz and $1,140/oz but gold would be well supported at these levels which would likely see significant physical demand recommence. A fall to such low levels would likely be a paper driven, futures market sell off as physical demand is already being seen at these levels with demand noted in China and especially from Indonesia and Thailand.

Tuesday, July 06, 2010

So Little Gold, Why So Cheap? / Commodities / Gold and Silver 2010

By: Arnold_Bock

Gold, the precious metal most often thought of as money, is in short supply.  In fact, the existing above ground horde is so small one has to question whether it is realistic to think of it as having a serious role as money in the future.  The fact is there just isn’t enough of it and - once institutional and private investors realize that the supply is so disarmingly and alarmingly insignificant - prices are likely to go parabolic.

Monday, July 05, 2010

Rhodium Favorable Technical Conditions / Commodities / Metals & Mining

By: Ned_W_Schmidt

One aspect of Rhodium makes it of special interest, which arises from being the rarest metal. No one seems to be looking for it. If, when looking for something else, Rhodium is found, it is harvested. The rarity of the metal apparently precludes it from existing in sufficient quantity to justify the quest for it. The Rhodium play you are seeking is Rhodium itself.

Monday, July 05, 2010

Gold Sits Tight as US and UK Stocks Form "Death Cross" / Commodities / Gold and Silver 2010

By: Adrian_Ash

THE PRICE OF GOLD in wholesale markets held fast to $1210 an ounce in London on Monday, moving in a tighter range than even Asian and European stocks in what one dealer called "totally lackluster" trade.

European government bonds ticked higher as both Sterling and the single Euro currency edged back, nudging 10-year German bund yields down to 2.55%.

Monday, July 05, 2010

New Global Energy Sector Profit Opportunity of Our Lifetime / Commodities / Energy Resources

By: Money_Morning

William Patalon III writes: Oil prices will reach a record $150 a barrel, sending gasoline prices to $3.80 a gallon. Commercial nuclear power is making a comeback - but in "nuclear batteries," instead of in hulking power plants of the past. New global-warming regulations will turn air-pollution credits into financial assets that can trade like stocks or bonds. And China's zooming growth will turn the global energy sector upside down.

Monday, July 05, 2010

Gold Supported by Spectre of Double Dip Recession / Commodities / Gold and Silver 2010

By: GoldCore

Gold has had a quite start to the week trading in a tight range between $1,210/oz and $1,215/oz so far in Asian and early European trading. With the US out for the Independence Day holiday it looks set to be a quite day although low volumes could result in volatility. A close below $1,200/oz could see gold fall to support at $1.185/oz and strong support at $1,165/oz.

Monday, July 05, 2010

Crude Oil $100 Sooner Than You Think / Commodities / Crude Oil

By: Dian_L_Chu

Sentiment in the crude oil market has been quite pessimistic lately after some disappointing economic data fueling fear over the strength of the U.S. recovery, and signs of a possible China slowdown. This is on top of the market distress already exerted by the Europe sovereign debt and banking crisis.

Oil price was down 8% for the week, with the front-month August delivery settled at $72.14 a barrel on the New York Mercantile Exchange.

Monday, July 05, 2010

What’s Next For Gold? / Commodities / Gold and Silver 2010

By: Howard_Katz

This past week was a scary time for gold bugs.  But do not be afraid.  I am going to look into the future and tell you what is next in the gold market.  Last week we studied the art of speculation and concluded that speculation was a zero-sum game.  For every dollar gained, there is a dollar lost.  It is like the neighborhood poker game.  At the end of the evening, the players as a group have the exact same amount of money they had at the beginning.  However, this is not true of each individual player.  The smarter players, who can foresee the future, will win.  The other players will lose.

Sunday, July 04, 2010

Gold Collapsing Right Before Everyone's Eyes / Commodities / Gold and Silver 2010

By: Merv_Burak

Feet on the stool, beer in hand I’m TV watching the Queen in Ottawa (it’s Canada’s birthday after all) how was I to know that gold was collapsing right before everyone’s eyes.  Is this the end of the world as we know it?  Not yet, Obama still has more work to do.

Sunday, July 04, 2010

Australia Reduces Mining “Super Tax,” Reviving Profitability of Resource Sector / Commodities / Metals & Mining

By: Money_Morning

Australian mining companies declared a huge win today (Friday) when the government announced the proposed mining "super tax" would be reduced, prompting some companies to reactivate shelved projects and reopen merger and acquisition talks.

Saturday, July 03, 2010

Gold GLD ETF Time To Buy? / Commodities / Gold and Silver 2010

By: Guy_Lerner

On Thursday, the SPDR Gold Trust (symbol: GLD), which is the ETF that tracks the performance of gold, saw its worst one day performance since February, 2010. No one would deny that gold is in a bull market, but does this sell off represent a buying opportunity?

Friday, July 02, 2010

Gold Cheap At $1230, Why Wait Untill it Hits $10,000? / Commodities / Gold and Silver 2010

By: The_Gold_Report

Economic rebound? Not with 22% unemployment. Banking reform legislation? Loaded with pork. Bankrupt nations? Rock-solid, lead-pipe cinch. "We need to start all over," says the inimitable Bob Moriarty in this exclusive Gold Report interview. "And in the end, we will." Meanwhile, he's keeping an eye out for the few-and-far-between juniors that manage to get things exactly right.

The Gold Report: Just in time for President Obama to meet with the leaders of the G20 nations in Vancouver over the last weekend in June, Congress finalized a sweeping bill to overhaul the banking system. These reforms are touted as the most ambitious rewrite of financials since the Great Depression. What impact will this legislation have on protecting us against another financial meltdown similar to 2008?

Friday, July 02, 2010

Gold Early-Stage Junior Mining Stocks / Commodities / Gold & Silver Stocks

By: Zeal_LLC

Ahhhh … summer heat, stock-market corrections, and juniors.  What more can one ask for to soothe the soul?  OK, so perhaps writhing would be more appropriate than soothing.  But you know, heat happens every summer, the stock markets were due for a correction (especially after an 80% move higher since March 2009), and junior gold stocks will eventually return to favor.

Friday, July 02, 2010

Gold, Silver, Precious Metals Market Risk Reward Ratio / Commodities / Gold and Silver 2010

By: Przemyslaw_Radomski

At times daily volatility can cause one to lose the big picture from sight - focusing on trees is ok as far as one doesn't forget about the whole forest. This universal approach can be applied today since we have just seen a massive decline in the prices of gold, silver, and mining stocks. In this case, we would like to provide you with our thoughts on something that might influence the precious metals sector (not every part thereof to the same extent) - the head-and-shoulders formation on the general stock market (charts courtesy of http://stockcharts.com.)

Friday, July 02, 2010

Gold Bounces from "Surprise" Euro-Gold Liquidation, Physical Buying "Strong" Near $1200 / Commodities / Gold and Silver 2010

By: Adrian_Ash

WHOLESALE GOLD rallied in early London dealing on Friday, rising 1.2% from yesterday's sharp drop to 6-week lows and holding steady as new US data showed 125,000 jobs being lost in May, with unemployment standing just shy of 1-in-10.

Friday, July 02, 2010

Gold Suffers Sharp Correction on Fund Liquidation / Commodities / Gold and Silver 2010

By: GoldCore

Gold has bounced after yesterday's 3% fall to $1,206.70 an ounce with traders deeming the sell off overdone and bargain hunters entering the fray. Fund liquidation of equities, commodities and gold amid low volume, thin trading ahead of the holiday weekend contributed to the extent of the sell off yesterday. They will likely be a factor again today as markets await the important nonfarm payrolls data. Analysts expect the employment numbers to disappoint again today and this could lead to safe haven demand as it has done on recent poor employment reports. However, should a poor non farm payroll number lead to a further sell off in equity markets than gold's short term correlation with equities could be in evidence again.

Friday, July 02, 2010

Forget Fiat Currencies, Stabilize Your Investment Portfolio With Gold / Commodities / Gold and Silver 2010

By: LewRockwell

Richard C.B. Johnsson writes: It’s a well-known fact that modern international investing involves a fair amount of volatility and risk. But it seems totally unknown that a lot of this volatility and risk comes from the unit-of-account you are using to record and monitor your investments. You could very well avoid this, thereby reducing volatility and risk. Here’s a basic do-it-yourself-guide.