Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, April 06, 2010
Euro Gold Rises to New Record High on Renewed Greek Concerns / Commodities / Gold and Silver 2010
Gold jumped to as high as $1,133/oz in New York before dropping slightly to close with a gain of 0.71% yesterday. It has since range traded from $1,124/oz to $1,130/oz in Asian trading this morning. Gold is currently trading at $1,125/oz and in euro and GBP terms, it is trading at €839/oz and £742/oz respectively. Gold priced in euros has risen to a new all-time high above €839 an ounce this morning due to renewed concerns about Greece's fiscal position (see News below).Read full article... Read full article...
Tuesday, April 06, 2010
Gold, There Is a Way to Beat JPMorgan at Their Game / Commodities / Gold and Silver 2010
The revelation at last week’s CFTC meeting that JPMorgan was the prime instigator behind the repeated ‘takedowns’ of the price of gold and silver came as no surprise to those of us who study the markets on a regular basis.
JPM inherited a large ‘short position’ when they took over Bear Stearns, and they turned this liability into an asset, using their short position to force prices down by adding to the position and then covering as much as they can, once they’ve brought the price down to their target.
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Tuesday, April 06, 2010
Metals Market Manipulation Update: Are The Metals markets Rigged? Do Fish Swim?! / Commodities / Market Manipulation
During the time I have been writing this newsletter, I have frequently mentioned the blatant manipulation of the gold and silver markets. For background on this issue, please see my article in the May, 2009, issue. The manipulation of gold has been accomplished primarily by central banks selling or leasing gold into the markets so as to artificially depress the prices. The bullion banks (e.g., JP Morgan, Goldman Sachs and others) have also helped suppress the prices of gold and silver by selling them short on the commodities exchanges.Read full article... Read full article...
Tuesday, April 06, 2010
Gold Stands Its Ground / Commodities / Gold and Silver 2010
Gold prices continue to climb and John Licata, chief commodity strategist at Blue Phoenix Inc., says he sees reason to be optimistic about gold's future. In this exclusive interview with The Gold Report, John says that as inflationary pressures present themselves, gold prices will continue their upward move. He also sees silver, platinum and palladium as interesting plays for investors.
Tuesday, April 06, 2010
Gold Bullish Developments Could be Blown by Falling Channel / Commodities / Gold and Silver 2010
As discussed in these reports and elsewhere, all eyes have been focused on Greece's sovereign debt problems. As I have repeatedly said - this is but the tip of an iceberg of global proportions.
China's debt may reach 39.83 trillion Yuan ($5.8 trillion) next year. The International Monetary Fund estimates that China's debt-to-GDP ratio is 22%, which excludes local-government liabilities.
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Tuesday, April 06, 2010
Smoke and Mirrors Markets to Sponsor Gold and Precious Metals Mania / Commodities / Gold and Silver 2010
At the risk of getting what may appear to be even more bizarre in my current views on how the various markets we cover are about to unfold, in our current view moving forward (our intermediate to long-term view), which has changed (in the intermediate term) for reasons that will be discussed below, gold is preparing to make a move to new highs at the expense of bonds, and stocks will also continue to benefit from liquidity escaping debt markets in spite of rising interest rates. And while the bureaucracy (government, media, etc.) will bill this as recovery in the economy, with equities and interest rates rising in unison, it would of course be just the opposite, the result of hyperinflationary policy that tripled the US monetary base since the onset of the sub-prime (credit) crisis.
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Tuesday, April 06, 2010
Fiat Gold Implosion 2010, EverBank Deletes the (Now) Infamous Section 6.3.7.3 / Commodities / Gold and Silver 2010
Apparently, yours truly’s last post generated quite a ruckus subsequent to which EverBank has decided to delete the offending Section 6.3.7.3 in their Terms and Conditions for “Non-FDIC Insured Metals Select Accounts”, where it now simply says “RESERVED”.
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Monday, April 05, 2010
China Is Gold’s Future / Commodities / Gold and Silver 2010
The new report “Gold in the Year of the Tiger” from the World Gold Council (WGC) predicts that gold consumption in China could double in the coming decade as a result of rising demand for jewelry, hard-asset investments and industrial uses.
This forecast seems reasonable, and it lines up with what I’ve long been saying about the profound evolution in China’s economy – domestic consumption is replacing exports as the growth engine as more poor Chinese move up into the middle class and from there into the ranks of the wealthy.
Monday, April 05, 2010
Oil Price BubbleOmics: $90 and Rising Is the New Reality / Commodities / Crude Oil
Now that there are rumours the world economy is showing some signs of self-sustaining life (if not particularly the US Economy), one thing worth thinking about is where oil prices are likely to go (1).
Starting from the basics, there are a plenty of theories that explain how to grow economies. They range from free-markets to free-debt, all the way through stimulus-packages to free-love.
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Monday, April 05, 2010
Gold Ready To Roar / Commodities / Gold and Silver 2010
Well, it’s been a bad 5 months. Gold has mostly just gone back and forth, and gold bugs are wringing their hands in frustration. But this is the problem with using intuition in the markets. One intuitively remembers the recent past, and one forgets the larger picture. This is the big advantage of using charts. So let us look at a chart of this bull market going back to its start in early 2001 just slightly above $250.
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Monday, April 05, 2010
What’s Really Driving Obama’s Sudden Interest in Crude Oil / Commodities / Crude Oil
Keith Fitz-Gerald writes: U.S. President Barack Obama generated a lot of hubbub with his decision to open up parts of the Atlantic Ocean and Gulf of Mexico to oil drilling.
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Sunday, April 04, 2010
Gold, Time to Get Excited Again? / Commodities / Gold and Silver 2010
Is it time to get all excited again? Not yet. Gold has had a couple of good days but has yet not breached any major resistance levels so the move may only be temporary within a basic lateral trend. Let’s wait for better validation of the up move.
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Sunday, April 04, 2010
Gold and Silver Price Manipulation, The world Largest Fraud, 5.5 Trillion? / Commodities / Market Manipulation
The Gold and Silver Manipulation spanning decades (going back well back into 1980s) has now taken mammoth proportions, one that could bankrupt not just a few banks but entire countries along with their central banks. Prime in this network are the Bank of England and the FED reserve who have been caught on the wrong side.
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Sunday, April 04, 2010
Gold and USD Index Analysis Again Provides Key Trading Signals / Commodities / Gold and Silver 2010
In the March 26th commentary we wrote that given the historical significance of the RSI being at 70 and the fact that the USD Index has just touched the 50% retracement of the previous rally leads us to anticipate that the recent USD Index rally will stall out and retrace. In addition, a rally for PMs and PM stocks is looking more and more probable.
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Sunday, April 04, 2010
It's Rational to Expect the Irrational During This Gold Bull Market / Commodities / Gold and Silver 2010
I can promise you that the hard Gold bull crowd had to sit thru YEARS of irrational market behavior in the general stock market leading up to the 2000 peak in general stocks. While Gold stocks languished in the late 1990s, the NASDAQ bubble rose higher and higher. We are going to have the same thing during this secular Gold bull market. You should expect the price of Gold and Gold stocks to rise higher than justified by the fundamentals in the Gold market. We are a long way from this period but it will happen at some point. In fact, I think the party in the Gold patch is going to get started this year.
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Saturday, April 03, 2010
Geothermal Energy Investing, Hot Rocks and Hot Investments… But Don’t Get Burned! / Commodities / Renewable Energy
Dr. Marc Bustin, Ph.D., FRSC, Casey Research Energy Team writes: The geothermal industry has been taking one step forward and two steps back over the last year. On the forward side are grants and interest-free loans aplenty, particularly from governments wanting to jump on the green-energy bandwagon. Pushing back is not only some tough geology with deep, dry-rock drilling projects, but also the public fear of earthquakes along with other environmental issues.
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Saturday, April 03, 2010
Brent Cook: Big Discoveries, Smart Management, OPM (Other People's Money) / Commodities / Gold & Silver Stocks
Size matters to renowned exploration analyst and geologist Brent Cook, not being a fan of small projects. He follows geology and discoveries worldwide and pays close attention to the teams involved. "Although scamsters, frauds or hucksters can make a discovery, you're much better off screening out all but the best people," he tells The Gold Report readers. Brent produces the weekly Exploration Insights newsletter. In this article, he reviews several projects in West Africa, Latin America, the U.S. and Canada. Some of them include joint ventures where larger companies pay the costs for the high risks.
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Friday, April 02, 2010
Gold Global Mining 6 Year Production Downtrend Impact on Junior Gold Stocks / Commodities / Gold & Silver Stocks
Nearly a decade into gold’s secular bull the mining industry continues to exhibit struggles. And this is best characterized by an ongoing 6-year downtrend in global mine production. For this reason, and the fact that gold is up 373% since 2001, those miners that are able to find success have the ability to greatly profit in this bull. And it is this profit potential that has attracted investors to gold stocks.
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Friday, April 02, 2010
Global Gold Index – Higher Again / Commodities / Gold and Silver 2010
The world's money has lost almost 75% of its value against gold in the last 10 years...
SAID IT BEFORE, but we'll say it again.
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Thursday, April 01, 2010
The Case for Natural Gas Investing / Commodities / Natural Gas
Many analysts say that there still isn't enough demand for natural gas to make it a smart investment opportunity. John Licata, chief investment strategist at Blue Phoenix Inc., disagrees. In this exclusive interview with The Energy Report, John explains why he thinks that by year-end natural gas could be the place for investors to be.
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