Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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...
Thursday, May 20, 2010
Gold, Crude Oil, U.S. Dollar and SP500 Technical Trading Report / Commodities / Gold and Silver 2010
It has been an interesting week in the market as stocks and commodities push to extreme support levels. Below I have posted some charts showing where the market is currently trading at and what I think is likely to unfold.
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Thursday, May 20, 2010
The GeoThermal Option for the Economic Recovery of Iceland / Commodities / Renewable Energy
Geographical Situation. Iceland has a geographical unique location on the collision/edge of two huge tectonic plates: the European and the North American. Due to this the nuclear fusion driven endless heath of the earth core ‘has a hot fold to the earth’s surface’ in Iceland. This creates possibilities to harvest geothermal on the low height parts of the fault. The tectonic fault is a line from north to south on Iceland. Iceland also is surrounded by the high seas, which can deliver abundant water need for the geothermal energy harvesting process.Read full article... Read full article...
Thursday, May 20, 2010
Gold, Silver Market Manipulation, CFTC Aftershocks / Commodities / Market Manipulation
On March 25, fifteen individuals selected by the US Commodity Futures Trading Commission (CFTC) testified to that body on proposed position limits for the precious metals markets. One big surprise was the inclusion of Bill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA). Although his organization has been blacklisted by the mainstream American media, he was able to enter some of GATA’s eleven years of research into the public record. Although only allowed to speak for a few minutes, Murphy’s testimony covered territory ranging from the “strong dollar” policy, the lack of transparency from the Federal Reserve on gold swaps, and the CFTC’s own stalled silver market investigation.
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Thursday, May 20, 2010
Resources Investors, Don't Get Hung Up on Negative Mainstream Press Headlines / Commodities / Resources Investing
One of the first things mainstream journalists in Western media learn is how to tease angles out of stories that play on fear, scandal and disaster. Good news is no news. Bad news sells. If it bleeds, it leads. As historian, political writer and Guardian columnist Timothy Garton Ash observed, "Many Chinese City Dwellers Moderately Content with Rising Standard of Living" isn't a headline that would sell a lot of papers. Resource Opportunities Editor and Publisher Lawrence Roulston would agree. "The media has a huge bias toward the negative side of any story," he tells The Gold Report in this exclusive interview. Investors focusing on scary headlines, he argues, are missing out on phenomenal opportunities developing on the other side of the world—namely Asia and, particularly, China. His advice? "Take a broader, longer-term view of the world."
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Thursday, May 20, 2010
Gold's Sell-Off a Correction in Ongoing Bull Market / Commodities / Gold and Silver 2010
Now that all of the "I told you so's," and market "revisionists" are telling us that gold is a terrible "defensive position" and no one should have thought otherwise, let's have a look at what the multi-month technical set-up indicates in the SPDR Gold Trust (NYSE: GLD).
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Wednesday, May 19, 2010
The End of the Gold Bull Market / Commodities / Gold and Silver 2010
David Galland, Managing Director of Casey Research, interviews... David Galland.
Q. With gold and gold stocks on a tear, does Casey Research still recommend holding 1/3 of a portfolio in cash?
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Wednesday, May 19, 2010
White House Covers Up Menacing Oil "Blob" / Commodities / Crude Oil
In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen oil blob from the oil geyser at the destroyed Deep Horizon off-shore oil rig south of Louisiana. The Navy submarines have trained video cameras on the moving blob, which remains frozen at depths of between 3,000 to 4,000 feet. Because the oil blob is heavier than water, it remains frozen at current depths.
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Wednesday, May 19, 2010
Gold, Precious Metals, Commodity Currencies and Stocks Fall / Commodities / Gold and Silver 2010
Gold closed with a loss of 1.09% yesterday. It rose from $1,206/oz to $1,220/oz in Asian and early European trading this morning. Gold subsequently came under pressure due to profit taking and institutional selling driving prices through key technical levels. Gold is currently trading at $1,190/oz and in euro and GBP terms, at €965/oz and £827/oz respectively.
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Wednesday, May 19, 2010
Deflation and Economic Weakness Are the Best Catalysts for Gold / Commodities / Gold and Silver 2010
Recently, I had written about how a deflationary impulse in the capital markets would be a catalyst for the gold stocks. This turned out to be accurate as stocks and commodities weakened while treasuries and the US Dollar advanced. Gold and gold stocks also moved higher. Nevermind the comments I received about how we are in an inflationary period and Gold will go down in a deflationary period.
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Wednesday, May 19, 2010
Gold Parabolic Rise Resolution Crash Target / Commodities / Gold and Silver 2010
A crucial component to many processes is the catalyst. It really has nothing to do with the process, but the presence of the catalyst acts an enabler. Greece may have been one of those catalysts. In terms of the world, Greece has no economic meaning. Greece is way out in the decimals. Economic problems of California are certainly larger. Yet, no one is buying Gold because of the end of the California dream. No one is talking about the dissolution of the U.S. because of the economic collapse of California, Illinois, and New Jersey.
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Wednesday, May 19, 2010
Crude Oil Pschological Plunge Makes OPEC Nervous, Official Says / Commodities / Crude Oil
The plunge in oil prices in the wake of the euro crisis has OPEC worried.Qatar oil minister Abdullah bin Hamad Al Attiyah emerged as an unofficial spokesman for the oil cartel over the weekend in a series of news agency reports from the Gulf that signaled the group’s concern.
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Wednesday, May 19, 2010
Gold Hit by High Volatility as Eurozone Risks Failure / Commodities / Gold and Silver 2010
THE PRICE OF GOLD fell hard versus the surging US Dollar in Asia and London on Wednesday, falling to a 1-week low of $1202 an ounce as world stock markets and commodities also sank.
Banned by German regulators from making "naked" bets against Eurozone government debt, speculative pressure instead squashed the single currency to a new four-year low of $1.2150 late on Tuesday.