Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, May 22, 2010
Crude Oil Prices Remain Under Pressure After Dipping Below $70 a Barrel in Week / Commodities / Crude Oil
Crude oil prices ended just above $70 a barrel on Friday after dipping below that threshold earlier in the week. The benchmark June contract for West Texas Intermediate settled at $68.01 before it expired on Thursday, after falling below $65 a barrel in intraday trading.Read full article... Read full article...
Saturday, May 22, 2010
Smart Money Holds Gold and Buys Major Miners / Commodities / Gold and Silver 2010
As he watches the price of gold march inexorably toward $2,000 (and beyond), and keeps an eye on developments in the Western world, S&A Resource Report Editor Matt Badiali tells Gold Report readers in this exclusive interview that it's time to make space in the safe for gold. That's gold to hold, preferably to pass on to one's heirs, but if need be to pay for one's meat and potatoes. As for investments in these troubled times, he's hot about investors adding shares of the booming senior gold mining stocks to their portfolios because "we're going to see them really soar."
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Saturday, May 22, 2010
Will European Central Banks begin Selling Gold Again? / Commodities / Gold and Silver 2010
Since the inception of the fourth Central Bank Gold Agreement last year on September 27th, sales by European central banks have been nearly non-existent. But that was before the € began to implode and fractures appeared in the Eurozone itself. Now governments have to fiercely cut back expenditures. They must do this to the extent that the reaction is certain to be social unrest.
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Friday, May 21, 2010
Gold Inflation Proof Deflation Hedge / Commodities / Gold and Silver 2010
Knowing how governments will respond to deflation, the case for inflation-proof gold looks increasingly clear to cautious wealth...
USELESS for pretty much everything except storing wealth (its economic value is social, not industrial), gold acts as inflation-proof money when investors need it most – right in the middle of an asset-price deflation.
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Friday, May 21, 2010
Why Gold Is a Sure Long-Term Bet / Commodities / Gold and Silver 2010
What a spectacle...
In an utter and complete repudiation of its founding principles, the European Union's central bank (ECB) has decided to copy the U.S. Federal Reserve's 2008-2009 strategy of "papering over" Europe's massive debt problems. The ECB will provide nearly unlimited credit to Europe's sovereign borrowers, while also buying troubled assets from Europe's largest banks.
Friday, May 21, 2010
Hurricane Season Crude Oil and Natural Gas Profits / Commodities / Commodities Trading
The 2010 Atlantic hurricane season officially starts on June 1. But smart traders are already gearing up. The Gulf of Mexico is responsible for 13% of the U.S. natural gas production (and 30% of its domestic crude oil production). A strong hurricane — or two — hitting in the wrong place could knock some of that production offline. And just the possibility of that happening could put a bid into energy prices when and if the first hurricanes form off the coast of Africa.
Earlier this month, two offshore production platforms in the Gulf of Mexico were shut as a safety precaution against the spreading oil slick from the Deepwater Horizon oil spill. But that’s not the real threat.
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Friday, May 21, 2010
Gold Strong Currency for Private Investors as Swiss FX Intervention Costs $870m Per Day / Commodities / Gold and Silver 2010
THE PRICE OF GOLD bounced from a new two-week low in London today, nearing the weekend 4.3% below last Friday's close as world stock markets slumped for the fourth time in seven sessions.
Government bond buying continued to push prices higher, knocking the yield offered by US, German and UK debt to new multi-month lows.
Friday, May 21, 2010
Gold Resilient on Financial Uncertainty and Double Dip Recession Concerns / Commodities / Gold and Silver 2010
Gold is marginally lower (-0.2% in USD terms) and is currently trading at $1,180/oz and in Euro and GBP terms, gold is trading at €944/oz and £823/oz respectively. Gold has risen in sterling terms after the much higher than expected UK budget deficit (see below). Gold is only down some 4% on the week (USD - $1,230/oz to $1,180/oz) which is impressive given the sharp sell off seen in most commodity and equity markets.
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Friday, May 21, 2010
Sugar Testing Long Term 76.4% Support / Commodities / Commodities Trading
This year’s bear run has continued, with not much interruption. Earlier support points have fallen by the wayside but, now, a long term 76.4% retracement level has been reached, where the market is trying to find support…
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Thursday, May 20, 2010
Maximizing Crude Oil and Natural Gas Investments / Commodities / Oil Companies
"If you want to talk about the Gulf and the oil leak in terms of investment, I think it's creating some pretty interesting investment opportunities," says Eric Nuttall, portfolio manager of Sprott Asset Management's Energy Fund. The straight-shooting Nuttall never fails to opine or shine as he explains why onshore oil plays are solid investments and talks oil and gas juniors, shales and prices in this exclusive interview with The Energy Report.
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Thursday, May 20, 2010
Gold Down 1%, Follows Sharp Drops In Commodity and Stock Markets / Commodities / Gold and Silver 2010
Markets have seen another marked increase in risk aversion with a sea of red engulfing nearly all markets including the gold market. Equity markets have fallen sharply as have most commodities. The precious metals have not been immune to the meltdown with silver down 3% and palladium and platinum plummeting 9.5% and 6% respectively. Oil has plummeted by more than 8% as have most commodities with gold one of the better performers – only being down 1%.
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Thursday, May 20, 2010
The Logic of selling Gold in May and ‘going away.’ / Commodities / Gold and Silver 2010
Should you invest – or should you trade?
Featured is the gold price in 2001. Selling in May and buying back right after Labor Day would have yielded a small profit, provided that the sale was made right at the top in May (not easy).
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Thursday, May 20, 2010
All Crude Oil Is Similar, But Crude Oil ETFs Are Not / Commodities / Exchange Traded Funds
You may have noticed that crude oil prices plunged over the last few weeks. On May 3, the June crude oil futures peaked at more than $87. Then on Monday, May 17 the same contract slipped below $70. That’s a decline of about 20 percent in only ten market days!
Of course we could go back in history and point to some periods when oil prices went up just as quickly. What this illustrates is that — like many commodities — crude oil can be very volatile.
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Thursday, May 20, 2010
Australian Gold Stocks and GFC1 versus GFC2 / Commodities / Gold & Silver Stocks
When the Rudd Unworkable Super Tax (RUST) was first announced I stated that we may not be the only ones here in Australia to suffer from this type of tax. Governments in many countries are worried about falling revenue as economic contraction bites. Plucking the goose that lays the golden egg is now thought to be contagious according to Evy Hambro of BlackRock Investment Management Ltd.
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Thursday, May 20, 2010
Gold Hits 2-Week Low as Lehman Crash Repeated by Fund Liquidation Rumors / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale, professional dealing fell further on Thursday in London, dropping to a two-week low vs. the Dollar as Asian stock markets closed sharply lower and an early rally in Eurozone shares flipped into a 2% plunge.
The Dollar rose once again with the Japanese Yen, as crude oil lost 2% to $68 per barrel and broad commodity markets lost 1%.
Thursday, May 20, 2010
Gold, Focus On What Matters / Commodities / Gold and Silver 2010
I know this is hard to do, especially when one is weathering draw downs. And of course a liberal dose of gloating from the bears during these times doesn't help either. But let's not get sidetracked by the little things and let's face it, the haters are going to show up every time gold corrects. We really should be used to that by now. They've been doing it for 10 years.
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Thursday, May 20, 2010
Gold Plunge to $1,175 a Buying Opportunity? / Commodities / Gold and Silver 2010
This is a brief analysis of the ongoing gold price correction as gold hits $1,175, targeting strong support area at $1,150.
The big picture remains as detailed at length in the 100 page inflation mega-trend ebook (FREE DOWNLOAD) that ALL Central banks have NO option but to print money - ALL. Despite rhetoric from the likes of the Bank of England, U.S. Fed and up until very recently the ECB that they had either halted or would not print money. However there IS NO alternative, especially in the face of the global debt crisis.
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Thursday, May 20, 2010
Natural Gas Shale-Shocked in America / Commodities / Natural Gas
Natural gas for June delivery on the NYMEX tumbled 4.24% on Wednesday settling at $4.158/mmbtu. The flaming fuel has rallied 10% this month to an eight-week high of $4.582/mmbtu last week on signs of strengthening demand from factories and power plants as the economy recovers from the Great Recession.
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Thursday, May 20, 2010
Gold Gets Political / Commodities / Gold and Silver 2010
The Punch-and-Judy distraction of Glenn Beck vs. Brooklyn and Queens' finest...
IT WAS CERTAIN to happen at some point. Because we all have a choice – "a choice between the natural stability of gold and the honesty and intelligence of the members of government," as the playwright and early Socialist George Bernard Shaw put it.
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Thursday, May 20, 2010
The New Truth About Natural Gas Could Shock the Market / Commodities / Natural Gas
Investor sentiment is changing – to the positive – on natural gas. Despite record or near record injection levels into storage in the US most weeks, gas prices have remained steady or even risen. The number of drill rigs actively drilling for gas has barely budged, though it has been down in the US three of the last four weeks.Read full article... Read full article...