Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, April 24, 2010
New Upleg for UltraLong Oil and Gas DIG ETF? / Commodities / Commodities Trading
The hourly candlestick chart of the ProShares Ultra Long Oil & Gas ETF (NYSE: DIG) shows the August rally period, which exhibits bullish form from the August 17 pivot low at 26.43 to the August 25 high at 31.60. After that rally, let’s notice that the pullback to 29.04 yesterday represents an almost exact 50% correction of the prior advance before yesterday afternoon’s initiation of a new upleg.
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Friday, April 23, 2010
Will Gold be Bolstered by the Goldman Sachs Fraud Case? / Commodities / Gold and Silver 2010
Initially the gold price fell on the news of the S.E.C. civil fraud charge against Goldman Sachs in the belief that both they and Paulson’s hedge fund would have to sell their gold holdings. A reaction that was founded on uncontrolled emotions, you would rightly suppose. The reaction was very like gold market after the news that Greece is going to the EU & I.M.F. [because few believe that Greece will correct matters thereafter] for their bailout. The € fell as the Greek crisis impinged on the value of the €. The additional reaction in gold was based on the supposition that gold is tied to the €.
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Friday, April 23, 2010
Silver SLV ETF Divergence / Commodities / Gold and Silver 2010
Launched 4 years ago this week, the SLV silver ETF has proven very successful. With $5.1b in net assets, it already ranks among the top 20 largest ETFs in the US. And the 287m ounces of physical silver bullion it holds in trust for its stock investors is impressive. For comparison, elite market-darling silver streamer Silver Wheaton only produced 17m ounces last year (equivalent to 6% of SLV’s holdings).
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Friday, April 23, 2010
Gold and Silver Big Moves Ahead! / Commodities / Gold and Silver 2010
When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it."….. FREDERIC BASTIAT (From his important book ‘The Law).
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Friday, April 23, 2010
Gold "Crisis Protection" Proven as Eurozone's Greek Bail-Out Begins / Commodities / Gold and Silver 2010
THE PRICE OF GOLD retained a slight weekly gain as the close approached in London on Friday, trading above $1141 an ounce while the Euro bounced – and world stock markets rose – following Greece's formal request for a joint European and IMF bail-out.
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Friday, April 23, 2010
Euro Gold Near Record Highs Due to PIIGS Contagion Risk / Commodities / Gold and Silver 2010
Gold dipped to $1,132/oz in New York before recovering to close with a loss of 0.49%. It has range traded from $1,137.50/oz to $1,143/oz in Asian and European trading this morning. Gold is currently trading at $1,140/oz and in euro and GBP terms, at €859/oz and £741/oz respectively.Read full article... Read full article...
Friday, April 23, 2010
Bullish Green Shoots in EUA Carbon Emissions / Commodities / Commodities Trading
For the best part of a year a consolidation pattern has been unfolding in the EUA (ICE ECX) contract, activity quietening down notably this year. Bears have proved unable to drive the market below key support and, now, an interesting upside break is in process.
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Friday, April 23, 2010
Marc Faber Says Holding Cash Will be a Disaster, Investors Should Accumulate Gold / Commodities / Gold and Silver 2010
Marc Faber explains why investors should not own cash as it is set to be 'a disaster'. He speaks to co-guest host Michael Yoshikami, founder, president and chief investment strategist at YCMNet Advisor, CNBC's Martin Soong, Bernard Lo & Sri Jegarajah, about why investors should accumulate gold instead.
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Friday, April 23, 2010
The Global Movement Towards Green Sources For Energy Production / Commodities / Renewable Energy
In this exclusive interview with The Energy Report, Gordon Monk of Performance Capital Advisers discusses the worldwide movement toward green sources for energy production. Gordon explains how cobalt and lithium are linked to solar and wind power. He also talks about why he prefers primary producers of cobalt to those that obtain cobalt as a byproduct of other operations.Read full article... Read full article...
Friday, April 23, 2010
The Next Financial Crisis and Gold Savehaven / Commodities / Gold and Silver 2010
With the Asian stock markets stalling, and the US markets insisting on rallying a suspicious 25 points a day with nary a correction in over a year, something is definitely wrong out there. What gives? I cannot believe the US economic prospects are that good right now.
But then again, with the EU markets and the EU itself looking like it’s about to disintegrate, with a new bailout story on Greece that never pans out, and what a failure to bail out Greece will do to the Euro – a Euro crisis alone can tank all markets and cause massive social unrest in the EU with nations starting to bolt as they find staying with the huge budget cuts are politically impossible.
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Thursday, April 22, 2010
Gold Stocks: Math Today, Magic Tomorrow / Commodities / Gold & Silver Stocks
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report writes: Here at Casey Research, we eagerly awaited the release of quarterly reports from the companies in our favorite sector. Why? The gold price was substantially higher last quarter than during the comparable meltdown quarter of 2008, so we were anxious to find out if it would lead to a spike in profits.
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Thursday, April 22, 2010
Gold Price Capped by Greece Debt Crisis / Commodities / Gold and Silver 2010
THE PRICE OF GOLD fell hard against the Dollar as New York opened for business on Thursday, sliding 1.4% from yesterday's high as US stocks also dropped over 1% and crude oil fell through $83 per barrel.
New data showed worse-than-expected US jobless claims for last week, plus faster-than-expected factory-gate inflation in March.
Thursday, April 22, 2010
Gold Supported by Growing Inflation Concerns and Record Low Interest Rates / Commodities / Gold and Silver 2010
Gold touched over $1,150/oz late in New York before dipping slightly to close with a gain of 0.79%. It has range traded from $1,144/oz to $1,149/oz in Asian and early European trading this morning. Gold is currently trading at $1,147/oz and in euro and GBP terms, trading at €856/oz and £743/oz respectively. While gold remains essentially flat in most currencies, trading has been volatile this morning.Read full article... Read full article...
Thursday, April 22, 2010
Bankster Gangsters Global Commodities Grab Causes Major Bank Profits to Soar / Commodities / Investing 2010
Peter Krauth writes: Major bank profits are up. Way up.
Goldman Sachs Group Inc. (NYSE: GS) just reported that its first-quarter earnings nearly doubled to $3.46 billion, the investment-banking giant's second-most-profitable quarter since going public a decade ago.
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Thursday, April 22, 2010
Digital Gold Currency (DGC), Long Wave Innovation, Ft. Knox Gold, And the Dawn of The Great Republic / Commodities / Gold and Silver 2010
Genuine optimism about the future in the midst of the unfolding global financial crisis is a tall order. An abrupt reversal of fortunes for international free market capitalism has stunned advocates of the wisdom of markets to reward success and punish failure. The unprecedented growth of crony state capitalism in response to the global crisis is troubling for advocates of free markets and liberty world over. On the other hand, the advent of digital gold currency (DGC), the secure high technology gold money available over the Internet portends a bright future.
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Wednesday, April 21, 2010
Gold Investing, Cash Futures, Physical Forwards, and London Gold's "100-to-1 Leverage" / Commodities / Gold and Silver 2010
A note on the LBMA, gold futures and forwards, and "100-to-1 leverage" in London's wholesale gold bullion market...
SOME COMMENTATORS are alarmed that the amount of 'physical' gold in London is not sufficient to meet the immediate demands of the market.
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Wednesday, April 21, 2010
When Will Gold Make its Next Big Move? / Commodities / Gold and Silver 2010
In recent commentaries, we’ve focused on the macro factors that will drive acceleration in the precious metals sector. Namely, the gradual exodus from both government and corporate bonds as authorities are forced to monetize debts in an effort to avoid rising interest rates, which would hasten default and bankruptcy. This, and not bank lending or consumer demand, is the cause of severe inflation.
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Wednesday, April 21, 2010
Has Crude Oil Topped Out For The Year? / Commodities / Crude Oil
There is no doubt about it, crude oil has been very choppy. There are two camps involved in the crude oil market: one is bullish and the other is bearish. In this new short video, I show you which camp I am in and what I think is going to happen to the crude oil market for the balance of the year.
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Wednesday, April 21, 2010
Gold, The Next Big Move / Commodities / Gold and Silver 2010
This could be the most frustrating market in the world for traders... which market is it?
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Wednesday, April 21, 2010
Gold Edges Higher in Major Currencies on Debt and Inflation Concerns / Commodities / Gold and Silver 2010
Gold went up to $1,145/oz for a gain of over $10 early in New York but it then fell back off ending with a gain of 0.34%. It has range traded from $1,140/oz to $1,146/oz in Asian and early European trading this morning. Gold is currently trading at $1,143/oz and in euro and GBP terms, gold is trading at €851/oz and £742/oz respectively.Read full article... Read full article...