Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, April 21, 2010
Gold Follows Stock Makets Lower / Commodities / Gold and Silver 2010
BOTH GOLD AND SILVER fell back on Wednesday lunchtime in London, slipping 0.5% and 1.5% respectively as European stock markets dropped almost 1% from the opening.
Crude oil and broader commodity prices held flat, together with government bonds.
Wednesday, April 21, 2010
U.S. Dollar, Gold and Silver / Commodities / Gold and Silver 2010
"A man who has committed a mistake and doesn't correct it is committing another mistake." - Confucius, BC 551-479, Chinese Ethical Teacher, Philosopher
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Wednesday, April 21, 2010
Manipulated Rigged Crude Oil Prices And The Big Bounce / Commodities / Crude Oil
World oil trading mainly concerns "paper oil" contracts traded at a rate vastly higher than actual physical oil production, supply and demand. Paper oil contracts on crude and products cover volumes and quantities at least 60 to 80 times more than actual physical supply and demand. In the case of the USA, where the oil trading system started, the difference is even bigger - usually at least 100 times. The financial players who operate the market, ranging from private investment banks and brokers through commercial banks, hedge funds and high net worth individuals set the scene for price movements, and generate the price spikes and troughs the press and government like to blame on the oil industry, environmentalists and government, or on OPEC.
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Wednesday, April 21, 2010
The Unsafe Method of Owning Gold and Silver / Commodities / Gold and Silver 2010
Richard Daughty writes: Thanks to Bill Murphy and the Gold Anti-Trust Action (GATA) committee, the slimy, market-manipulating goings-on in the short-selling of gold futures and silver futures to suppress their prices at the CFTC have pretty well been exposed, and about time, too.
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Tuesday, April 20, 2010
Gold & Silver Precious Metal Stocks, Is The Rally Really Over? / Commodities / Gold and Silver 2010
Prime Minister Gordon Brown, who will face a tough battle in the upcoming elections, has two nicknames in the British press-- “Golden Brown” and “Goldfinger Brown.”
Since anything pertaining to gold is of interests to us at Sunshine Profits, we looked into why the Prime Minister has such monikers. Does he perhaps have a Midas touch?
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Tuesday, April 20, 2010
Silver The Most Bullish Currency / Commodities / Gold and Silver 2010
Gold appears extremely bullish in most of the world’s currency. Probably more than it has ever been in the last 30 years. However, there is one currency in which gold is looking really bearish.
That currency is none other than the world’s other true currency called silver. The outlook for silver as a currency is as bright as it has ever been; in fact, in my opinion, there is no currency that will match silver over the next couple of years
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Tuesday, April 20, 2010
Shale Natural Gas, Europe Shakes Its Fist at Russian Energy Hegemony / Commodities / Natural Gas
Marin Katusa, Senior Market Strategist, Casey’s Energy Report writes: The latest buzzword on investors’ lips is shale, and it’s everywhere. Shale gas production is rapidly growing, and the domino effect of unconventional gas development on the global energy market is staggering.
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Tuesday, April 20, 2010
The Safest, High-Income Way to Buy Natural Gas / Commodities / Natural Gas
Tom Dyson writes: You probably already know there's a phenomenal investment opportunity in natural gas right now. But here's the background...
Natural gas is an extremely useful fuel. In 500 BC, the Chinese used natural gas to turn seawater into drinking water. In Victorian England, they used it to power streetlights. When I traveled around Asia back in August 2008, I found them using natural gas to fuel taxis. And in Canada, they run their busses on natural gas.
Tuesday, April 20, 2010
The Most Important U.S. Oil Discovery in 40 Years / Commodities / Crude Oil
"They've ringed fenced me," Cactus said.
I am not an oil and gas analyst.
Tuesday, April 20, 2010
Gold Gains with Stocks / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in the wholesale market rose early Tuesday in London, unwinding half of the previous two sessions' 2.9% plunge against the US Dollar as world equities rallied with commodities.
"The correlation with stocks is high again," notes Phil Smith for Reuters Technical India.
Tuesday, April 20, 2010
Gold Recovers as Markets Weigh Volcano and Sovereign Debt Default 'Black Swan' Risk / Commodities / Gold and Silver 2010
Gold went up to $1,137/oz before dipping slightly in New York yesterday but it then recovered ending with a loss of 0.06%. It has risen from $1,135/oz to $1,142/oz in Asian and early European trading this morning. Gold is currently trading at $1,142/oz and in euro and GBP terms, gold is trading at €847/oz and £742/oz respectively. Gold has recovered much of the losses from Friday and gold's fall was as much to do with dollar strength and oil weakness last week as it was to do with the Goldman allegations. Indeed gold has already recovered much of the losses from Friday especially in euro and sterling terms.
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Tuesday, April 20, 2010
Why the Gold Price Doesn't Matter / Commodities / Gold and Silver 2010
Unlike mining stocks, gold is not an investment. Gold is money. It is a store of wealth. Gold's 5x growth this past decade is significant not because it's nominal price has increased, but because the prices of most other assets have increased less.
The gold price simply doesn't matter. Gold's value as measured in a fiat currency is arbitrary. Sure, adept traders can take advantage of short term price fluctuations, but bullion owners invest for the long term, and they do so to protect their wealth.
Tuesday, April 20, 2010
Gold Broken Support Becomes Resistance and the Palladium Rocket / Commodities / Gold and Silver 2010
Gold was down -24.30 for the week (-2.09%), closing at $1137.30 (continuous contract). GLD (gold trust ETF) lost about 2% as well, closing at 111.24. Just last week, gold had made a new 2010 high. In last week's report I said:
"Gold's daily chart is bullish, but it is also starting to enter overbought territory. Gold has been performing well despite a steady dollar. If the dollar were to correct, it would put a bid under gold. The chart has turned decidedly bullish if price holds the breakout.
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Monday, April 19, 2010
Goldman Sachs News Mask Silver and Gold Price Take Down / Commodities / Gold and Silver 2010
Its been said that you should never waste a bad news article, use it to cover or hide behind what you really want to do, its an opportunity. So, of all the days to release the Goldman Sachs fraud investigation news they chose Friday 17th April 2010. Ring any bells, yes that's right it was the option expiry date for the month of April.
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Monday, April 19, 2010
Resources Stocks Sector Investing, Follow the News Early / Commodities / Metals & Mining
"News flow is really, really important. If you're going to play these kinds of stocks, especially if this is a sector you're not that comfortable with, you want to get in at the start or before the start of a drill program and not at the end," says Eric Coffin, co-editor along with his brother David of the HRA (Hard Rock Analyst) publications. In this exclusive interview for The Gold Report, Eric explains the importance of sniffing out upcoming news and timing in selecting potential resource investment opportunities.
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Monday, April 19, 2010
Bank Credit and Monetary Inflation Impact on Gold / Commodities / Gold and Silver 2010
One needs only read the story of Goldman Sachs’ creation of CDOs of dubious value to sell to one client while allowing another to short them to understand why Gold has existed as an investment down through the ages. We can not think of one story of kings in times long past that accepted CDOs as payment for taxes. We now know why they usually demanded Gold, or other needed commodities.
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Monday, April 19, 2010
Gold and Silver, Precious Metals Slow Motion Lottery Ticket / Commodities / Gold and Silver 2010
Is there a precious metals mania on deck directly ahead or will another deflation scare, which could curb demand for gold and silver, bail out the bureaucracy yet again. Indeed the bureaucracy seems to have nine lives in this regard, with gold and silver still trading at half their respective inflation adjusted values running all the way back to 1980. Of course there is a different way of viewing this, where the bureaucracy’s level of desperation to maintain the party atmosphere an unbridled fiat currency monetary system will sponsor can be measured by the London OTC Metals Exchange (LBMA) running paper promises to physical ratios at 100:1, which to a conservative mind is the definition of insanity. Because you see this means the entire economy is a ‘house of cards’, which is in fact the reality of the situation, a suicide mission courtesy of an emboldened bureaucracy riding high on gold’s back all these years.
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Monday, April 19, 2010
Gold's Goldman Drop Blamed on Strong Correlations, Chinese Whispers & ETF Exposure / Commodities / Gold and Silver 2010
THE PRICE OF GOLD bounced from a new two-week low for US investors early in London on Monday, rising 0.7% from beneath $1125 an ounce as silver, energy prices and world stock markets also extended Friday's sharp losses.
Crude oil fell towards $81 per barrel, while the Euro tracked gold vs. the Dollar, and the Dollar itself hit a 4-week low vs. the Japanese Yen.
Monday, April 19, 2010
Gold and the Strong Hand Theory / Commodities / Gold and Silver 2010
Let’s say you just bought a business, a small restaurant. You open for business on Monday and after a week you have grossed $6000. You’re feeling pretty good about how things are going. The business is up and running. Dollar signs are floating in your brain.
Then a week later you get bills for your first food order, payroll & rent. Maybe you also have the misfortune to get hit with the gas and electric bills on top of that. By the time you finish writing checks your +$6000 has turned into -$3000.
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Monday, April 19, 2010
Scardy Cat Gold Bugs / Commodities / Gold and Silver 2010
Alas, poor gold bug; I knew him Horatio. He had the brains to be perfectly positioned in the great gold bull market of 1999-2020. Yet he did not make any money from his wisdom. Take, for example, the sell-off of April 16, 2010. Gold was just about to make another powerful move to the upside. But the sell-off scared him away, and he missed the move. What was it that he did wrong?
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