Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, June 11, 2010
Gold Minor Correction Completed? / Commodities / Gold and Silver 2010
The BIG picture of the SPDR Gold Trust (NYSE: GLD) continues to exhibit a series of higher lows and higher highs since the March 24 low at 106.34. My near-term work argues that the decline from new all-time highs at 122.45 to yesterday's low at 118.83 represents yet another pullback to a higher low.
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Friday, June 11, 2010
Gold Stock Fundamentals Now versus 2008 / Commodities / Gold & Silver Stocks
Escalating sovereign debt problems in Europe has prompted some to wonder if another “Lehman” type collapse is on the horizon. As a result, some precious metals observers have grown cautious, fearing a replay of the events of two years ago. While it is always prudent to be cautious with an extremely volatile sector like the gold stocks, the facts illustrate major differences between their fundamentals now and in 2008.
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Friday, June 11, 2010
Why is China Promoting Gold Investments, If the Yuan is Going to Appreciate? / Commodities / Gold and Silver 2010
The Chinese government is encouraging investments in gold and is working to expand the range of gold investments there. But the U.S. and others believe that the Yuan is going to appreciate. Surely the Chinese investor will be hurt if this happens?
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Friday, June 11, 2010
Oil Stocks Deeply Oversold, Investor Buying Opportunity / Commodities / Oil Companies
Oil stocks have been hammered especially hard in the recent stock-market correction. With both the general stock markets and price of crude oil falling sharply, the oil stocks didn’t stand a chance. The result of all this carnage is deeply-oversold oil stocks, a fantastic buying opportunity for speculators and investors.
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Friday, June 11, 2010
Gold Where to From Here? / Commodities / Gold and Silver 2010
The focus of this month’s post will be about gold and the gold shares. Will the price of gold record 10 straight years of gains, or might it be in for a correction? A good starting point might be to understand what happened to gold and the gold stocks in the 1920’s & 1930’s, and why.
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Friday, June 11, 2010
Gold Set to End Lower on the Week on Weakening Economies / Commodities / Gold and Silver 2010
THE PRICE OF GOLD jumped out of a tight trading range at the start of New York dealing on Friday, rising to show a 0.5% weekly gain at $1227 an ounce as investment capital moved into "safe haven" assets on news of a sharp drop in US retail sales.
Falling by 1.2% in May – the fastest pace since Sept. – the headline retail figures sent the Dollar and Treasury bonds higher while stock markets gave back an earlier rise.
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Friday, June 11, 2010
Crude Oil Investing and Forecast Mid 2010 Update / Commodities / Crude Oil
Larry D. Spears writes: While it looked like they were headed towards the $90 a barrel level, oil prices hit a wall in the spring. Rattled investors who worried about the direction of the global economy shunned black gold in favor of real gold as a means of preserving capital.
But don't be fooled. The spring retreat simply set the stage for a second-half rally.
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Friday, June 11, 2010
Gold Gains as Risk Trade Back on Despite Sovereign Debt and Banking System Stress / Commodities / Gold and Silver 2010
Global equities and commodities have rallied due to increased risk appetite despite real lingering risks. Gold has gained for the first time in four days in global markets and some investors continue to diversify into the safe haven on concern that Europe's sovereign debt and fiscal crisis isn't over. Hopes for a continuation of the recent global economic rebound are high and have seen oil, copper and most commodity prices rise this week and equities stabilise. Gold is currently trading at $1,220/oz and in Euro, GBP, CHF, and JPY terms, gold is trading at €1,008/oz, £832/oz, CHF 1,393/oz, JPY 111,709/oz respectively.
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Friday, June 11, 2010
Is Gold Still a Buy and If So, Where? / Commodities / Gold and Silver 2010
The Technical Trader’s view:
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Friday, June 11, 2010
Copper Bounce Now Likely / Commodities / Commodities Trading
We had recently been looking at potential resistance in Copper, from a long term 76.4% level. This was forthcoming and the subsequent slip back has now reached interesting technical support, from which a temporary rebound looks probable.
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Friday, June 11, 2010
Natural Gas Sector Merger and Acquisitions Activity About to Ramp Up / Commodities / Natural Gas
When folks want the straight goods on the oil and gas sector they go to Oppenheimer's sage Managing Director Fadel Gheit. That's what we wanted, too, when we asked him to spend some time with The Energy Report. In this upfront interview, Gheit rails against government inaction on oil price speculation and predicts low gas prices will soon lead to more M&A activity. Gheit's market commentary is frank and insightful and could certainly impact your investment decisions.
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Thursday, June 10, 2010
Gold Seasonal Price Trends are Favorable for Summer Purchases / Commodities / Gold and Silver 2010
A momentous shift in the financial realm occurred at the turn of the millennium, but did so without fireworks -- not a single squib was heard on its behalf. After all, the gold market had long and dutifully languished, languished so utterly weary with its own 20-year bearish attitude that the proverbial "rock-bottom" was struck at $250 (and not just once but rather twice, as if to re-emphasize contempt at the price tag), a price so absurdly low it triggered a cathartic purging of all further legitimate bearish opinion on the matter. (Illegitimate bearish opinion continues to this day and suffers accordingly.)
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Thursday, June 10, 2010
High Hurricane Activity Threatens Gulf Oil Production, Cleanup Efforts / Commodities / Crude Oil
As hurricane season begins in the Caribbean and Gulf of Mexico, forecasters are predicting higher-than-usual activity that could disrupt oil and gas production in the Gulf and hinder efforts to clean up the Deepwater Horizon oil spill.Read full article... Read full article...
Thursday, June 10, 2010
Gold Analysts "Bullish" as Dollar Slips / Commodities / Gold and Silver 2010
GOLD DEALT IN large wholesale bars slipped in price for the second session running in London on Thursday, dropping 2.5% from Tuesday's record highs as European stock markets held flat and the US Dollar ticked lower on the currency market.
The central banks of both the Eurozone and the UK voted to keep interest rates on hold, sticking since spring 2009 at 0.5% and 1.0% respectively.
Thursday, June 10, 2010
A Must See Chart for Gold Stock Investors / Commodities / Gold & Silver Stocks
Brian Hunt writes: In late 2008, shares in gold stocks suffered one of the worst wipeouts in market history.
Most small, speculative gold stocks lost over 80% of their value in just a few months. Even the bigger, more established gold miners lost nearly 70% of their value in seven months.
Thursday, June 10, 2010
Silver Underpriced, Insufficient Supply to Meet China’s Growing Demand / Commodities / Gold and Silver 2010
Richard Daughty writes: Most people have never heard of “the invisible hand” of the market, which is the surprising result of everyone working to get money with which to satisfy their own selfish interests, and it ends up benefiting everybody, a result that is so glorious that it seems that things are being guided by some “invisible hand.”
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Thursday, June 10, 2010
Bernanke's Claims That He Does Not "Fully Understand the Movement in the Gold Price" / Commodities / Gold and Silver 2010
Gold is currently trading at $1,223/oz and in euro, GBP, CHF, and JPY terms, at €1,017/oz, £840/oz, CHF 1,402/oz, JPY 111,318/oz respectively. Gold has fallen in all currencies today as traders have taken profits after the recent surge in prices. Gold priced in euros, UK pounds, Swiss francs and US dollars surged to record nominal highs on Tuesday on demand for a store of value. Concerns of a global economic slowdown allied with fears that debt laden European countries like Greece, Spain, Portugal and Hungary could default and lead to contagion have led to safe haven demand for gold in recent weeks.
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Thursday, June 10, 2010
Bernanke says Gold Acting Differently than Rest of Commodities Group / Commodities / Gold and Silver 2010
It's not often I agree with Ben Bernanke, but this time, in regards to gold, I do. Please consider Bernanke Says Gold, Commodities Conflict on Inflation.
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Thursday, June 10, 2010
Gold Trade for This Week / Commodities / Gold and Silver 2010
Hello All, This stuff is somewhat time sensitive.
The August Gold is leaving little “technical” gaps all over the place. Classical technical analysis suggests that gaps on a chart will be filled. (It doesn’t specify when though.) I will not worry about the gap on the downside being filled and instead, focus on the upside.
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Thursday, June 10, 2010
Riding the Palladium Roller Coaster / Commodities / Palladium
As I discussed in my February article, “Palladium Still Shines,” palladium is a versatile element used in everything from electronics to polyester production to cancer therapy. In most applications, such as autocatalysts, cheaper metals can't be substituted. In fact, if hydrogen-based fuel cells become significant in local power and automotive applications, those high-tech uses would also require palladium.
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