Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, May 13, 2010
Exciting Crude Oil and Natural Gas Investing Opportunities / Commodities / Energy Resources
Oil and Gas Analyst Adam Michael is excited—in some cases very excited—about a lot of things in his sector, including Turkish gas and Latin American oil plays. He even gets excited about long-term oil price fundamentals. Just don't ask him about the domestic oil and gas market. It's just so yesterday's cycle.
The Energy Report: Adam, please give us a macro view of the energy market.
Thursday, May 13, 2010
Eye on Silver Price and Pan American Silver Corp (PAAS) Stock / Commodities / Gold & Silver Stocks
Pan American Silver Corp. (Nasdaq: PAAS) has hurdled its December high at 27.31 on the monthly chart, at the same time that spot silver has broken above its long-term resistance line (from 1980) at 19.46. If silver prices accelerate to the upside, PAAS should benefit and climb towards 35.00, again on a big-picture, monthly chart basis.
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Thursday, May 13, 2010
The World According to Gold / Commodities / Gold and Silver 2010
Whenever gold touches a new record price, goldbugs leap up and down and slap each other heartily on the back in a self-congratulatory ritual that is becoming as predictable as the 4 seasons. They are right, and they know it. For all the troughs in the chart since 2000, any tenacious golden insect who held on through trial and tribulation has only seen his fortune grow. Naysayers have gone silent, for the most part, but for that implacable breed who can still claim a flat earth when all the evidence is in supporting a round planet.
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Thursday, May 13, 2010
Gold Hits New Euro and GBP Highs as Trend Following Compounds Inflation and Default Fears / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in terms of Euros and Sterling rose to new record highs Thursday morning in London, trading $5 below yesterday's all-time Dollar high as commodities fell and government bond prices rose.
A 2% surge in Asian stocks faded in European dealing. The Athens stock market retreated 1% by mid-afternoon.
Thursday, May 13, 2010
What You're Not Hearing About the Coming Offshore Oil Drilling Ban / Commodities / Crude Oil
Matt Badiali writes: Several months ago, I published a research report on the Strait of Hormuz, the narrow waterway that runs along the Iranian coast.
Around 40% of the world's oil supply moves through this "chokepoint." That oil is pumped from the fields in the Middle East, loaded onto ships, and sent to Asia, Europe, and North America.
Thursday, May 13, 2010
Gold New High, It’s All Better Now / Commodities / Gold and Silver 2010
Gold reached US$1248.20 which was a new record high in USD. Silver has also followed gold up, this rally looks like the real thing. I have to stand corrected here as I was off the mark a little in some recent statements. I forecast US$1180 as an interim top and it only reached $1170 before pulling back to the $1140 level. I had also thought we would have pulled back for longer and that this rally would be a false break out. So much for short term forecasting it is extremely difficult. This short term forecast turned out wrong thanks to one trillion more reasons potentially circulating in Europe.
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Thursday, May 13, 2010
Gold Trend Forecast 2010 Updated and Related Market Ratios / Commodities / Gold and Silver 2010
The daily chart of the Canadian dollar index is shown below, with the lower 55 MA Bollinger band falling beneath the lower 55 MA Bollinger band, suggestive that a bottom of some degree has been put in place. Full stochastics 1, 2 and 3 are shown below in order of descent, with the %K beneath the %D in all three instances. Given the sharp decline in the Canadian dollar the past few weeks, expect another 1-2 weeks of basing before any move up commences.
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Thursday, May 13, 2010
Gold at $1500/oz Forecast by Gold Analysts on Sovereign Debt and Currency Concerns / Commodities / Gold and Silver 2010
Gold has consolidated near record highs in Europe today as concerns about eurozone debt default and sovereign debt contagion remain. Gold rose to $1,246/oz early in the afternoon in New York yesterday before closing with a gain of 1.92%. It then rose to a new all time nominal high of $1,248.20/oz after New York closed. It has range traded from $1,233/oz to $1,239/oz in Asian and early European trading this morning. Gold is currently trading at $1,234/oz and in euro and GBP terms, at €982/oz and £837/oz respectively.Read full article... Read full article...
Thursday, May 13, 2010
Gold and The Coming Financial Tsunami - Redux / Commodities / Gold and Silver 2010
In light of what’s happening right now (and the fact that I never posted it on ZH before), I thought it relevant to post this article that I wrote in the February of 2009 as a primer for friends and family to help them become aware of what was happening (and prepare for what I saw coming). Remember – this was written for people who were very much enmeshed in the MSM propaganda world and had no clue of the reality behind our economic, financial and monetary system. The idea was to gently introduce them to the truth and give a brief overview, so you won’t find me going into the full technical and gory details; plus I wanted to keep the length manageable so as to not put them to sleep.
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Thursday, May 13, 2010
Why E.U. Greece Bailout Triggered Investors Rush to Buy Gold / Commodities / Gold and Silver 2010
Peter Krauth writes: With so much uncertainty in the U.S. stock market - not to mention the debt-contagion concerns emanating from Greece and other European Union (EU) countries - it's more important than ever for investors to hold "hard assets," such as gold and other commodities.
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Thursday, May 13, 2010
Has Gold Become The Worlds New Reserve Currency? / Commodities / Gold and Silver 2010
For decades, the U.S. dollar has been the reserve currency of the world. This has given the United States an extraordinary amount of economic power, but as the U.S. economy has started to come apart over the past decade, other nations have increasingly sought to move away from the U.S. dollar and find other alternatives. For a long time it was thought that the Euro would become the next great reserve currency of the world.
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Wednesday, May 12, 2010
Gold Rising Whether Dollar Rises or Falls? / Commodities / Gold and Silver 2010
During the previous weeks much has been said about the declining Euro and what effect it may have on the price of gold - we argued that declining Euro doesn't mean that gold has to decline. We don't want to get into details once again in this essay, but instead we would like to remind you about several facts that we feel have been forgotten during the past several weeks.
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Wednesday, May 12, 2010
Gold and Silver Outperform / Commodities / Gold and Silver 2010
My pattern work shows that gold and silver are in powerful uptrends, while crude oil and copper could be in the latter stages of completing a multi-month top. Indicative of a problem, perhaps due to China market weakness, for the industrial commodities? For whatever reasons, these commodities are no longer part of a homogenous group, and instead either are attracting or repelling capital inflows based on their own perceived fundamentals.
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Wednesday, May 12, 2010
EuroZone Selling Gold to Save the Euro / Commodities / Gold and Silver 2010
Is the Eurozone one final U-turn away from a 20-fold rise in gold prices...?
HAPPY SELLERS a decade ago when gold hit rock-bottom, might the Eurozone states now sell gold at all-time highs to help settle government debt today?
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Wednesday, May 12, 2010
Europe Bailout The Worst $1 Trillion Ever Spent, Sends Gold to New Highs / Commodities / Gold and Silver 2010
Dr. Steve Sjuggerud writes:
Just under $1 trillion...
That's what the European Union promised in an emergency rescue package to stabilize the euro currency and Europe's financial woes.
Wednesday, May 12, 2010
Gold and Silver The Only Game in Town 2010-2011 / Commodities / Gold and Silver 2010
There are numerous reasons both fundamental and technical as to why the precious metals complex will surge over the next 18 months. The sector’s surge will be reinforced by the lack of an obvious trend in most other markets. Gold, Silver and the mining stocks will surge while other markets languish.
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Wednesday, May 12, 2010
Gold's New Record Highs Tell of Inflation Threat from Sovereign Debt Crisis / Commodities / Gold and Silver 2010
THE PRICE OF PHYSICAL GOLD in London's wholesale market jumped to new all-time highs against all-but-three of the world's major currencies on Wednesday morning, breaking US$1245 an ounce by lunchtime.
German and US government bonds slipped as world stock markets rallied together with crude oil and base metals.
Wednesday, May 12, 2010
Gold Bullish Breakout to New Highs, Miners Exhibiting Massive Accumulation / Commodities / Gold and Silver 2010
Gold’s break out to new highs has very bullish connotations going forward. It puts the odds squarely in favor of a C-wave continuation.
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Wednesday, May 12, 2010
Gold New Record High; Silver Surges 4% and Breaks Above Long Term Resistance / Commodities / Gold and Silver 2010
Gold has rallied to a new record high ($1,244.80/oz) on continuing concerns about sovereign debt contagion and the risk posed to the single currency. Gold rose to $1,224/oz early in New York yesterday, it then fell off slightly before closing with a new record closing high and a gain of 1.61%. It has range traded from $1,228/oz to $1,234/oz in Asian and early European trading this morning prior to rising to new record highs in dollars, Swiss francs, pounds and euros. Gold is currently trading at $1,231/oz and in euro and GBP terms, at €968/oz and £820/oz respectively.Read full article... Read full article...
Wednesday, May 12, 2010
Can Corn Commodity Prices Make a Comeback? / Commodities / Agricultural Commodities
Jason Simpkins writes: Corn prices have slumped some 24% since January and more than 50% since hitting a record high $7.65 a bushel in June 2008. Now they are being further threatened by potentially the largest corn harvest in history.
Still, there's reason to believe that corn prices will rebound.
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