Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, June 10, 2010
Silver Likely Market Top / Commodities / Gold and Silver 2010
Figure 1 is a weekly chart of the i-Shares Silver Trust (symbol: SLV). The pink labeled price bars are negative divergence bars. The divergence is between an oscillator indicator (called value charts) and price. (Of note, there is nothing unique about value charts as an oscillator other than I can program with it; as a matter of record, this is the same oscillator I use in all my charts.)
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Thursday, June 10, 2010
Gold and Inflation, Looking Ahead of the Curve / Commodities / Gold and Silver 2010
Rob McEwen, whose Midas touch in mining has been as transformational as anyone's, sat down recently for this exclusive, wide-ranging interview with The Gold Report. Hoping we manage to avoid the "darkest hour" he envisions, he describes fearsome parallels between the Weimar Republic of the late '20s and early '30s to the United States of today. Fast-forwarding to the future, he also explores a few of the things the mining industry might do to start making itself invisible in terms of environmental impact.
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Wednesday, June 09, 2010
Gold prices nudge $1250/oz, are you prepared? / Commodities / Gold and Silver 2010
We will kick off with a quick at the chart for gold prices and what a great chart it is. Despite the bears constantly jostling to be the first bear to call a major correction for gold prices to drop back to the depths of the last decade, gold is just not listening and continues to strengthen as the demand for real value grows.
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Wednesday, June 09, 2010
Albania, the New Frontier for Crude Oil Investors / Commodities / Crude Oil
By Marin Katusa, Chief Market Strategist, Casey Research Energy Division writes: After a troubled past, resource-rich Albania is trying to modernize itself into a good place to do business... and with astonishing success.
Over the years, we've visited Albania more times than we'd care to admit. Although it's not a place we'd recommend for a family vacation, your investment dollars will find a happy home there. Unlike the rocky tale of Albania itself, the latest oil development stories are bound to have a much happier ending.
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Wednesday, June 09, 2010
Natural Gas Stocks: Why NOW Is the Time to Buy Them / Commodities / Natural Gas
This is what I call the “shopping season” for natural gas stocks. And even though I’m a longer-term bear on natural gas, there is one part of the natural gas market that is not well known, I think mis-understood, and potentially mis-priced. As a result, I think it could make me money this year – and I think now is the time for me to be buying this little subset.Read full article... Read full article...
Wednesday, June 09, 2010
Gold Consolidates Near Record Nominal Highs in Nearly All Currencies / Commodities / Gold and Silver 2010
Gold rose to new record nominal highs in nearly all major currencies yesterday (record highs in US Dollars, euros, sterling, Swiss francs, South African rand, Indian rupees, Chinese renminbi/yuan etc) on growing concerns of sovereign debt contagion and concerns about the robustness of the global economic recovery. Concerns that large industrial nations with huge debt burdens will attempt to inflate away their debts thereby devaluing currencies is also leading to investment demand for the finite currency that is gold. Gold is currently trading at $1,236/oz and in euro, GBP, CHF, and JPY terms, at €1,035/oz, £855/oz, CHF 1,423/oz, JPY 112,870/oz respectively.
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Wednesday, June 09, 2010
Is Commodities Plunge Signaling a Stocks Bear Market? / Commodities / Financial Markets 2010
Don Miller writes: The biggest slump in commodity prices since 2008 is undermining confidence on Wall Street and fueling speculation that a new bear market has been born.
Despite forecasts for accelerating economic growth and higher prices, commodities, with the notable exception of gold, are taking a big hit.
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Wednesday, June 09, 2010
The Gold Stocks Bull Market In Uncertainty / Commodities / Gold & Silver Stocks
The herd is running for the exits. Mutual fund investors are selling out at a faster and faster pace each week.
The Investment Company Institute, which tracks mutual fund inflow and outflows, reports redemptions have been surging in equity mutual funds. The last week of April, investors put in a net $1.85 billion into stock mutual funds. Since then though, it has been all downhill.
Wednesday, June 09, 2010
Gold and Debt Backed Paper Currencies / Commodities / Gold and Silver 2010
Debt-backed paper currency is always a castle made of sand but "eventually" corresponds with debt saturation. Once debt can't be paid back and everyone knows it, what happens? Default or aggressive debasement. There is no "Goldilocks" in between just as there wasn't when CNBC said there was all throughout 2007 (the big boyz needed someone to buy their stocks...). Two options. Literally default or default "in spirit" by paying back the nominal amounts owed using a fresh pile of counterfeited monopoly money that everyone knows you just counterfeited.
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Wednesday, June 09, 2010
BP Spill Provides Unprecedented Buying Opportunity for Oil / Commodities / Crude Oil
A. Schaef writes: During President Obama’s May 27, 2010 press conference he announced that he would be extending the moratorium on offshore drilling for at least another 6 months. This announcement just happens to coincide with the time of year that the demand for oil historically spikes – the summer time. Of course, all you economics majors out there know that a decrease in production at a time of historically increasing consumption is a recipe for inflated prices.
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Wednesday, June 09, 2010
The Euro Index and Gold - The Most Important Pair? / Commodities / Gold and Silver 2010
Markets are skittish and the pace and force of financial crises has taken a frightening turn for the worse. It seems like the fuse gets shorter between each crisis. We barely catch our breath from one when confronted with the next. Looking back three decades a crisis had taken place, on average, every three years. But now, a scant 18 months after the 2008 meltdown, Europe’s Greek sovereign debt crisis hit with full, fulminating force. One crisis begets another and it seems like the world’s economy is on a treacherous bumper-to- bumper course where any misstatement from politicians can cause a multiple car pile up. Still, the fact worth keeping in mind is that the main stock indices lead, not follow the main economic indicators, such as the GDP growth.
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Wednesday, June 09, 2010
The Shift to Natural Gas Will Not Lower Energy Costs / Commodities / Natural Gas
Serving as a catalyst for BP's oil spill, Obama recently addressed the need for the U.S. to move forward with an initiative to emphasize utilization of its vast natural gas reserves. This is just another distraction by Obama to cover up from his failed healthcare reform and the soon to be failed Wall Street reform.Read full article... Read full article...
Tuesday, June 08, 2010
Middle East Producers See More Heavy Oil in their Future / Commodities / Crude Oil
Middle East oil countries should increase production of heavy oil as oil prices remain higher and improved technology makes it easier, those attending an industry conference in Bahrain were told.Read full article... Read full article...
Tuesday, June 08, 2010
Constructive Outlook for GLD Gold Miners ETF / Commodities / Gold & Silver Stocks
The Market Vectors Gold Miners ETF (NYSE: GDX) has the right look of a potentially explosive pattern. My near- and intermediate-term work in the GDX argues that all of the action off of the December 2, 2009 high at 55.40 represents a sideways, bullish coil pattern, which if correct will resolve itself to the upside in a thrust that should test and hurdle the most recent high at 54.63, on the way to 61.00-63.00 thereafter.
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Tuesday, June 08, 2010
Gold, Goodwill, and Economic Growth / Commodities / Gold and Silver 2010
A correspondent suggested to me an idea about government balance sheet goodwill that's worth sharing. That led me to a few further thoughts about gold and economic growth. The basic idea behind all of this balance sheet analysis is simple. A stronger balance sheet of the government means a stronger fiat currency and a lower price of gold in that currency, other things equal.
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Tuesday, June 08, 2010
Government Debt Disaster and Gold Opportunity / Commodities / Gold and Silver 2010
There are many current global opportunities that might escape investors at this time. With so many different influences at hand it pays to keep the radar screen on and one eye on the markets at all times at the moment. Things are moving and developing quickly. Disaster is opportunity in disguise if you can work out how to play the situation.
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Tuesday, June 08, 2010
Gold Reaches New Record Nominal Highs in USD, EUR, CHF and GBP / Commodities / Gold and Silver 2010
Gold has risen to new record nominal highs as concerns that the European debt crisis could lead to contagion increases. Gold rose to $1,251.85/oz in London and futures reached $1,254.50/oz in New York as risk aversion rose. Bullion advanced to all-time highs in dollars, euros, sterling and Swiss francs as the euro and equity markets again came under pressure.
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Tuesday, June 08, 2010
Gold Hits New Record Highs, Silver Jumps as Reckless Governments Spur Investment / Commodities / Gold and Silver 2010
THE PRICE OF GOLD held in wholesale 400-ounce bars jumped against all major currencies in London trade Tuesday morning, hitting fresh all-time highs in Dollars, Euros and Sterling as European stock markets extended yesterday's late drop on Wall Street.
Leading economy government bonds also rose, pushing 10-year UK gilt yields back below 3.50%.
Tuesday, June 08, 2010
How to Use Gold to Avoid Vulnerability to Market Volatility / Commodities / Gold and Silver 2010
Human nature being what it is, sucker punches to the portfolio can erode more than your net worth. They can wreak havoc with your sense of self-worth as well. After more than 20 years at the helm of U.S. Global Investors, a leading investment management firm that specializes in gold, natural resources, emerging markets and global infrastructure opportunities, Frank Holmes says that it's important to segregate bad things that happen on the outside from the good person you are on the inside. Knowing full-well that even the most prudent investor can't escape the wild volatility that's come to characterize the markets, in this exclusive interview with The Gold Report, he also offers some sage advice about how to avoid vulnerability to that volatility.
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Tuesday, June 08, 2010
The Doctor and the Dealman: Energy Resources Sector Investing Update / Commodities / Energy Resources
It has been a busy day in Rome, doing the Vatican Museum, St. Peter's and the Trevi Fountain. But I have to find time to get you your Outside the Box and have I got a great one for you. David Galland of Casey Research was kind enough to let me use an interview he did with two of his energy research staff normally only available to his subscribers. A big thank you to David.
This is a special treat for Outside the Box readers, as they talk about the future of the energy markets. I have been following their work for some time and I think they are the real deal if you are looking for an energy letter to regularly read. You can subscribe at here.
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