Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, May 25, 2010
Gold Cheap as Stocks Slumps / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing rose against all currencies on Tuesday, breaking above $1200 an ounce as world stock markets sank for the third time in 5 sessions.
"We are not bullish on gold because of inflation expectations," says Walter de Wet at Standard Bank, "but because of monetary policy.
Tuesday, May 25, 2010
Gold Analysis and Buy Low Sell High Double Whammy / Commodities / Gold and Silver 2010
News just to hand informs me that Spain is just about to do a “Greece” as their banking system is without funding. In the end this is not about maintaining global growth or the European Union it is about the survival of the financial system as we know it during this major historic transition. Gold is about to go through the roof and not just in Euro terms.
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Tuesday, May 25, 2010
Gold Remains Firm on Geopolitical Risks and Fears of a 'Perfect Storm' / Commodities / Gold and Silver 2010
Gold's safe haven qualities are again being seen after its higher close yesterday despite falling US equity indices and it remaining robust today (down 0.4% in USD terms) despite sharp falls in Asian and European indices. Some analysts are warning of a "perfect storm" that could again destabilise the global financial and economic system. While "perfect storm" talk may be hyperbole there can be little doubt that the many extreme headwinds have led to a degree of risk similar to that seen after the collapse of Lehman Brothers.Read full article... Read full article...
Tuesday, May 25, 2010
Interview with Nick Leeson on Gordon Brown Gold Sales and GATA / Commodities / Gold and Silver 2010
Nick Leeson is a former derivatives broker and investment officer of Barings Bank. His unsupervised, unauthorised trading caused the collapse of the 233 year old Barings Bank, the United Kingdom's oldest investment bank, in 1995.The losses of $1.3 billion were considered massive at the time.
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Monday, May 24, 2010
Holding Gold / Commodities / Gold and Silver 2010
"We're seeing gold actually rise in all currencies. That seems to be a reflection of the concern and distrust for central bank authorities, political authorities and what's going in the world that we're living in," says Doug Groh, senior research analyst with the Tocqueville Gold Fund in this exclusive interview with The Gold Report. The fund is almost 10% bullion, which Groh says dampens the volatility of the fund's other holdings. He holds gold and thinks you should, too.
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Monday, May 24, 2010
Gold Sell in May and Go Away, Will Summer Doldrums Knock the Gold Price? / Commodities / Gold and Silver 2010
The global gold market has always seen India as the largest individual source of demand for gold. It has reached 850 tonnes in the best years and even in the worst years has been over 300 tonnes. It has been possible to track the seasonality of this demand fairly easily during this time. This demand has been labeled as Jewelry demand, we believe wrongly. But this title helps us to understand the Indian market for gold. Indian gold demand is centered on the family, the strongest of Hindu India’s institutions.
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Monday, May 24, 2010
Growing Revolutionary Guard Spells Uncertainty For Oil Investors In Iran / Commodities / Crude Oil
As the United States edges closer to issuing a fresh round of sanctions against Iran, foreign investors so far unmoved by international pressure will end up doing business with a Revolutionary Guard that makes even local firms nervous, an analyst warns.Read full article... Read full article...
Monday, May 24, 2010
How Low Will Silver Go? / Commodities / Gold and Silver 2010
Jeff Clark, Casey’s Gold & Resource Report : We released our 2010 Silver Buying Guide last week and the silver price promptly cratered. So does this change our view of gold’s shiny cousin? Hardly.While industrial uses comprise about half (53%, according to GFMS) of silver’s demand, making it susceptible to bigger falls than gold in a weak economy, it is equally clear silver also responds well to inflation, as well as serious financial “dislocations” (to put it nicely).
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Monday, May 24, 2010
The recent COT report shows an intriguing story in Gold positions / Commodities / Gold and Silver 2010
For the week the Gold price is down 4.45% in UK pounds, 4.55% in US dollars, and 6.12% in Euros (London PM fix).
For the year to date the gold price is still up… 17.78% in UK pounds, 5.19 % in US dollars, and 20.62% in Euros (London PM fix).
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Monday, May 24, 2010
Gold Trend Forecast to $1,350 then Crash to $1,000 / Commodities / Gold and Silver 2010
The Pathology of the Bureaucracy - What would you say if it was suggested that our business and political leaders, the larger bureaucracy, and their market managers were all acting in an increasingly irrational fashion, and are exacerbating negative long-term effects with all their meddling in things they should better leave alone, those being any market they decide to manipulate for whatever reason. Would you say that one sentence sums up a large part of the condition our condition is in without naming all the names, politics, etc. as none of this really matters in the end?
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Monday, May 24, 2010
Gold Rises on "Perfect Storm" Safe haven Investment Demand / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in all currencies ticked higher in Asia on Monday, briefly touching $1190 an ounce before easing back in London as a rise in Asian stock markets failed to spur European equities.
The Euro and Sterling both fell hard vs. the Dollar. US crude oil contracts slipped below $70 per barrel.
Monday, May 24, 2010
Gold, Act Now Before It Goes Even Higher… / Commodities / Gold and Silver 2010
They called it “a relic of the past.”
They described its last major bull market as an “anomaly.”
They said it would “never again go much higher.”
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Monday, May 24, 2010
Gold and Dollar Rise as Euro and Equities Under Pressure Again / Commodities / Gold and Silver 2010
Gold fell 1% on Friday to finish the week with a 4% loss. It rose from $1,179/oz to $1,191/oz in Asian and early European trading this morning before giving up some of those gains. Gold is currently trading at $1,186/oz and in euro and GBP terms, at €955/oz and £822/oz respectively. While gold was down by 4% against the dollar it was down by less against most other currencies and was down by less than most equity indices with the S&P 500 down 4.3% and the Nasdaq down 5%.Read full article... Read full article...
Monday, May 24, 2010
Shock Events, Public Anger Is Growing Fast and the Gold Breakout / Commodities / Gold and Silver 2010
Richard Daughty writes: I waited until I had sobered up to re-read Agora Financial’s 5-Minute Forecast, where it reported that “Bill Clinton shocked us the other day when he came out and suggested the financial crisis would never have happened if the dollar was still tethered to gold.”
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Monday, May 24, 2010
Silver Modest Correction From Strong Resistance / Commodities / Gold and Silver 2010
Although gold and silver dropped quite sharply last week, longer-term charts reveal that nothing broke technically and the reactions were in fact within normal parameters, and the reaction in silver was actually quite modest, given what could have happened in the circumstances.
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Monday, May 24, 2010
Gold Long-term Bull Market Intact, Multiple Factors Support a Rally Now / Commodities / Gold and Silver 2010
Although gold and silver dropped quite sharply last week, longer-term charts reveal that nothing broke technically and the reactions were in fact within normal parameters.
On its 2-year chart we can see that the fine longer-term uptrend in gold from late 2008 remains in force, and that despite last week’s drop, it is still some distance from breaking down. In recent weeks it had shown signs that it would not drop with the broad stockmarket, so while the fact that it did may be rather disappointing, the flip side is that with the broad market horribly oversold and due a rally gold looks set to bounce back strongly from here.
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Sunday, May 23, 2010
Gold, The Single Most Important Financial Step You Can Take Right Now / Commodities / Gold and Silver 2010
You might recall as early as late 2008, I warned the U.S. had embarked on a massive inflation – the creation of money – designed to save our banking system.
I believed this marked the beginning of the end for the U.S. dollar paper standard. And the imbalances in our economy had become so large they had warped the real economy: Americans no longer made anything or saved anything (no deposits and no true assets to back up the money).
Sunday, May 23, 2010
Gold Savers Will Get the Last Laugh / Commodities / Gold and Silver 2010
For that's what this cycle is all about. Cleansing the system of debt is a process fought tooth and nail by the the banks, which have encouraged profligacy among the masses and their governments to an extent not seen in the last few generations. Due to social mood (or whatever you think drives a phenomenon that recurs as regularly as the tides), the people and their governments were more than happy to oblige the bankers and take on enormous debt.
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Saturday, May 22, 2010
Gold Reaction Period But Not a New Long Term Bear / Commodities / Gold and Silver 2010
A slight up day on Monday and then downhill for the rest of the week. Gold is having one of those reaction periods. For now it looks only like a reaction and not a new long term bear.
GOLD : LONG TERM
From a long term standpoint gold has a long way to drop before the P&F chart issues a bearish reversal. At the present time that would be the $1065 level but no doubt in the process additional activity will take place on the chart to possibly change that.
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Saturday, May 22, 2010
End of the Euro and the Gold Rally? / Commodities / Gold and Silver 2010
Countries bailed out the banks. Now who is left to bail out the countries? While the decline in the euro appears to be very close to being over (as explained in the following part of the update), the fundamental situation of the Eurozone still appears to be one of the most popular topics these days, so the first part of this week's update will be dedicated to this particular part of the world.
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