Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, June 23, 2010
When Will the SEC Prosecute for Gold Market Price Rigging? / Commodities / Gold and Silver 2010
Michael Schmidt writes: For thousands of years, gold has been a central monetary component of most civilizations. It is durable and has been able to retain its value even to this day. That, in and of itself, is extremely remarkable considering how many paper currencies that have went the way of the dodo.
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Wednesday, June 23, 2010
Nickel LME Inventories Fall Sharply, Putting Nickel Miners on Investor Radar / Commodities / Nickel
London Metal Exchange (LME) nickel inventory levels are down 20% from their peak in February and the latest International Stainless Steel Forum (ISSF) production data suggests that the nickel market will remain in deficit for 2010 and 2011.
Barclays Capital is forecasting nickel spot price increases of 30% over the next 24 months - this is supported both by China's furious pace of industrialisation and weakness on the supply side due to labour disputes.
Wednesday, June 23, 2010
Metals Industry Confidence Creeping Back as Australian Prime Minister Put on the Defensive / Commodities / Gold and Silver 2010
Breaking news in Australia as the Prime Minister falls on the super tax sword. PM Rudd is going to fight this leadership challenge however this is still a great moment for Australia. The people have already voted forcing the government to shift to a new leader tomorrow. The mining industry in Africa and Canada, Brazil and elsewhere will weep a few tears of sorrow. But Labor is not dead yet and we have to see if they will now distance themselves from Henry, Rudd and the RSPT. This writer could not imagine that they could do anything else but run as far from this tax proposal as they can.
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Wednesday, June 23, 2010
Gold "Supported by US Fed" as Eurozone Faces 1st July "Liquidity Drought" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing reversed an earlier 0.6% gain as New York opened for business on Wednesday, slipping back to its overnight range around $1239 an ounce.
Broad commodity markets ticked lower as Asian stocks closed the day lower and G7 government bonds rose.
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Wednesday, June 23, 2010
Falling Stocks, Gold, Silver and Miners / Commodities / Gold and Silver 2010
In our previous essay we have mentioned that it does not seem that the ultimate top for this gold rally is behind us. Consequently, this week we would like to provide more information on what may influence various segments of the precious metals market, and what you can do about it.
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Wednesday, June 23, 2010
Gold Robust as Equities Fall On Concerns Over U.S. Economic Recovery and Sovereign Default Risk / Commodities / Gold and Silver 2010
Gold's slight gains and resilience yesterday has surprised the bears who were expecting further falls. The downside reversal pattern seen on Monday may not have incurred as much technical damage as thought - especially if gold can manage to eke out a higher weekly close this week - above $1255/oz.
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Wednesday, June 23, 2010
Why Many Analysts See Gold Going As High As $10,000 / Commodities / Gold and Silver 2010
My first reaction when I read an article on this site by Arnold Bock - articulating why gold would go to $10,000 – by 2012 no less - was amazement. Who in their right mind would suggest that gold would eventually reach $2,500, let alone $5,000 or even $10,000? Well, I did some investigation and, believe it or not, Bock is in lofty company. Many respected individuals, such as David Rosenberg, Peter Schiff, Harry Schultz, Rob McEwen and many others, have come to the same conclusion. Below is a partial list of such individuals with sound reasons to substantiate their views.
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Wednesday, June 23, 2010
A Look At Gibson's Paradox And Gold / Commodities / Gold and Silver 2010
As I write these words in late June, 2010, I note that gold went to an all-time nominal high against the dollar on June 21. However, even though we find ourselves in the worst financial crisis since the 1930s, gold has still not reached a REAL, inflation-adjusted high. Using the numbers given to us by the U.S. government, gold would have to reach a nominal price of about $2,400.00 per ounce to equal its January, 1980, high of about $850 per ounce. Other analysts, such as the noted John Williams, of Shadow Stats, contend that gold would have to reach a nominal high of about $7,595.31 per ounce in order to equal its 1980 high in real terms. Suffice it to say that there are some who think that gold should be a lot higher in price than it is at present.
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Tuesday, June 22, 2010
Gold and Silver Price Conspiracies Earn Their Weight / Commodities / Gold and Silver 2010
Investigations into the trading at the COMEX have yet to make headlines, but they could uncover what traders have been seeing for a very long time. The price of gold and silver ebb and flow as part of a malicious attempt to corner the industry and create profitable opportunities for investment banks and hedge funds.
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Tuesday, June 22, 2010
China Revaluation News Could Spark Short Term Squeeze in Metals / Commodities / Metals & Mining
News that China is open to revaluing its currency could bring about a short term reduction in the price of precious metals. Ahead of important multi-national conversations about the future of global trade and the world economy, China politicized its monetary policy, hoping to push back criticism that it is a global currency manipulator. Earning the title of a currency manipulator could open an easy door for global political leaders to push tariffs on Chinese manufactured goods, allowing for a trade war that would be most destructive to international economic growth, particularly in China.
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Tuesday, June 22, 2010
Gold Ready for Parabolic Take Off? / Commodities / Gold and Silver 2010
GOLDEN TIMES - Gold is amazing. It’s been very strong, hitting record highs last week. Its bullish price action means investors and governments know it’s time to be in safe assets. The result is, gold continues to benefit as the world’s #1 safe haven.
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Tuesday, June 22, 2010
Gold Sits Tight vs. Rising Dollar / Commodities / Gold and Silver 2010
THE PRICE OF GOLD held tight vs. a rising US Dollar on London's wholesale market early Tuesday, trading back down from $1240 to last night's two-session low of $1232 an ounce.
World stock markets caught up with Wall Street's late fall, and commodity markets also fell.
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Tuesday, June 22, 2010
Gold Gives Up New Record Nominal Highs / Commodities / Gold and Silver 2010
Gold rose to a new all-time intraday high of $1265.07/oz in early European trading and then gave up its earlier gains in London yesterday. Gold came under concerted selling pressure in New York and fell in the final hours of trade ending near its late session low of $1237.83/oz with a loss of 1.40%. It has range traded in Asian and early European trading today.
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Tuesday, June 22, 2010
If They Don’t Own Gold, Don’t Trust Their Opinion on Gold / Commodities / Gold and Silver 2010
As an asset class, gold stirs the passions. Some folks love it, and others despise it. Be wary of those who will never own gold.
As I write this note to you on Friday, fingers flying over keys like the flickering quotes on my screens, Pink Floyd's "Learning to Fly" is playing on my speakers.
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Tuesday, June 22, 2010
The Dow on Gold’s Terms / Commodities / Gold and Silver 2010
Central banks money printing is out of control. The constant printing of all the world’s currencies is just another way for countries to default on their debt – the repayment of a creditor occurs using a currency whose purchasing power has been reduced. Gold’s price will continue, has to continue, too rise in value against all depreciating paper currenciesRead full article... Read full article...
Monday, June 21, 2010
North America Doesn't Need China's Rare Earth Metals / Commodities / Metals & Mining
Everybody's talking about rare earth elements (REEs), but does anyone truly understand them? With nearly 50 years in the industry, independent Metals Consultant Jack Lifton sure does. The educational powerhouse in this burgeoning space returns to The Gold Report with a look toward future trends and a plan to emancipate North America from China's REE monopoly.
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Monday, June 21, 2010
How Commodity Charts Are Reacting, or Not, to China Currency News / Commodities / Commodities Trading
News that China will re-value its yuan currency is viewed positively, of course, by world markets as it lowers inflation risk and exudes confidence about China’s growth picture.
After an initial higher opening on Monday, what can be expected? The daily chart on the Shanghai is hardly a bullish chart, and in fact went down 3% on Friday. Does the news now invalidate this chart? I don’t know, but to even begin to look exciting, the index has to take out 2600, or 3 1/2% from Friday’s close at 2514, and then faces stiff resistance at around 2800.
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Monday, June 21, 2010
Energy Analyst Urges New Approach In Egyptian Offshore Natural Gas Production / Commodities / Natural Gas
Although a recent U.S. government survey outlines the rich potential of offshore Egypt's natural gas reserves, the North African country is yet to offer attractive investment terms to companies carrying out broad exploration in deep waters, according to energy analyst Samuel Ciszuk.Read full article... Read full article...
Monday, June 21, 2010
Ratio of Gold Price to Stock Market / Commodities / Gold and Silver 2010
As anyone that has bought and sold a house in the past few years can attest, value is indeed neither fixed nor necessary reliable. Valuing a house, or any other asset, is as much science as carving up a chicken in the moon light at midnight with precision surgical instruments. The tools, such as present value, are precise mathematical calculations. However, the inputs border on being sorcery.
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Monday, June 21, 2010
Finding Gold in the Mainstream / Commodities / Gold and Silver 2010
The New York Times dedicated a chunk of last Sunday’s paper to gold as a mainstream investment. In other words, gold is now legit -- no longer can it be dismissed as the asset of choice for fringe types with a cellar full of canned goods and a stash of bullion buried in the backyard.
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