Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, March 23, 2010
Bob Prechter Reveals the Most Dangerous Gold & Silver Myths / Commodities / Gold and Silver 2010
By Nico IsaacRight now, the gold BULL-ion bandwagon is more crowded than a New York subway train during rush hour. But before you squeeze your way into the crowd of passengers, you should know one thing: Those steering the course are using outdated maps based on ill-conceived notions and illusory hopes.
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Tuesday, March 23, 2010
How to Day Trade Spot Gold Futures with Accuracy / Commodities / Gold and Silver 2010
Day Trading Spot Gold Futures is a touchy subject among traders. You either hate it and think it cannot be day traded for consistent gains or your love it finding its movements very accurate. As most of you know I love trading gold
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Tuesday, March 23, 2010
Gold Recovers From Early Losses as Greek Drama Continues / Commodities / Gold and Silver 2010
Gold closed at $1099.70/oz yesterday having lost 0.7%; it then recovered in Asian trading. Gold is currently trading at $1,102.80/oz, and in EUR and GBP terms €814.22/oz & £731.42/oz respectively.Gold has recovered somewhat from the weakness in Asian and early European trading and this may be due to the dollar giving up its earlier gains.
Tuesday, March 23, 2010
U.S. Dollar Debt Tipping Point to Price Inflation / Commodities / Gold and Silver 2010
The USEconomy is bifurcated, with price inflation advancing on the cost side while price deflation harms on the asset side, to produce a nasty storm that is unlikely to abate. When high pressure zones clash with low pressure zones, hurricanes and tornadoes occur. Calling the resulting near 0% or low 2% price inflation on a net basis a good sign completely ignores the forces pulling the national economy apart. Economists prefer to view the landscape in aggregate, but they miss the picture composed of two important parts enduring very different forces. The financial sector has grotesquely grown, to an extreme.
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Tuesday, March 23, 2010
Don't Sell Gold Warns SocGen Analyst / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in Dollars slipped back from an overnight rally Tuesday morning in London, edging again below $1100 an ounce as world stock markets ticked higher along with government bonds.
US crude oil contracts fell towards $81 per barrel, even as the Dollar eased lower through $1.50 per Pound and $1.35 per Euro.
Tuesday, March 23, 2010
Greece Exposes Future and Gold Opportunity / Commodities / Gold and Silver 2010
We are looking at a high probability of a rally in the gold price in the coming weeks which will spur gold stocks into upward motion yet again. This is suggested due to fundamental and technical reasons. Inflation (of the money supply), increasing demand and coming uncertainty as the sovereign debt crisis gradually unfolds are three of the key fundamental drivers going forward. The pace of the increase in the money supply is increasing and causing distortions that are essential to understand.
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Tuesday, March 23, 2010
A Hard Look at Gold, Silver Premiums / Commodities / Gold and Silver 2010
Lost in the daily commentary about gold and silver prices is the actual cost of taking possession of these precious metals. Unless you trade in paper GLD or SLV, or you store your bullion in overseas vaults with companies like Goldmoney, the actual cost to purchase gold and silver can diverge from the COMEX spot price by as much as 36% (as I will show below). We have analyzed the premiums for these two monetary metals over the past year and a half, and we hope to offer some perspective on "real" market prices.
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Monday, March 22, 2010
The Stealth Palladium Bull Market / Commodities / Palladium
The steeper the mountain the harder the climb the better the view from the finishing line Anonymous
Palladium was the underdog of the precious metals sector for a long time, because for the most part it hardly received any attention. In the last few months this all changed and with the introduction of the Palladium ETF (PALL), Palladium has finally emerged from the shadows to the spotlight. Now the average Joe has a way to jump in and out of Palladium without having to actually purchase the metal. In reality owing the physical is far better than buying the ETF, but that is a topic for another day.
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Monday, March 22, 2010
Gold and the Keynesian Flat Earth Theory / Commodities / Gold and Silver 2010
A time existed when accepted thinking was that the Earth was flat. As it was not, that thinking made for some difficulties. One matter made difficult by this wrong headed belief was navigation. How does one get a ship from one location to another with the “wrong” map? Well, it was accomplished by a set of rules twisted to enable successful navigation despite the wrong theory or framework.
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Monday, March 22, 2010
U.S. Dollar Trend Driving Gold, Stocks and Commodities / Commodities / Gold and Silver 2010
It is clearly evident that the direction of the dollar looms large in the general direction of other markets: stocks, commodities, and the precious metals to name but a few. These inter-market correlations do not respond tick by tick, or day by day, but over time they obtain; and to deny them their due can be a costly mistake.
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Monday, March 22, 2010
The World According to Gold / Commodities / Gold and Silver 2010
This past week saw the Euro edge just a little bit closer to oblivion with the petulant Greeks insinuating that they’ll default if they don’t get bailed out. Not that you’re going to see that written anywhere, because it’s a statement that simply cannot publicly be made. But reading between the lines is our particular ouevre, and so without hesitation we thus opine.
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Monday, March 22, 2010
Gold Price Hit by Heavy Selling / Commodities / Gold and Silver 2010
THE PRICE OF GOLD and silver both slipped hard early Monday, falling to new one-month and 3-week lows respectively as the US currency rose after Congress approved the White House's universal health-care bill, deemed as "what change looks like" by President Obama.
The gold price dropped through $1100 an ounce, a level first breached on the way up in early Nov. 2009, as world stock markets also fell together with crude oil.
Monday, March 22, 2010
Obama's Health Care Bill to Contribute to Surging US Budget Deficits / Commodities / Gold and Silver 2010
Gold sold off aggressively on Friday, closing at $1107.40/oz in New York, showing a loss of 1.8% on the day. However, it was still up 0.54% on the week which is important from a technical perspective. Gold traded nearly flat this morning in Asian trading and is currently trading at $1,104.70/oz and €816.48/oz & £736.37/oz in euro and GBP terms respectively.Read full article... Read full article...
Monday, March 22, 2010
Short term Bullishness for the Gold Price Continues / Commodities / Gold and Silver 2010
Gold rallied to a high of 1133.3 last week but fell sharply by Friday’s close. A reverse head and shoulder pattern has emerged that forecasts a short term bullish trend for the gold price…
Last week the dollar rally continued to find strength as leading EU member officials, one by one, questioned what the EU’s response to the Greek problem should be.
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Sunday, March 21, 2010
NO Stock Market Investments, Commodities Second Inflationary Upswing / Commodities / CRB Index
This is directed toward those readers who have heeded the siren song of the establishment and have put their assets into the stock market. I say to you: NO STOCKS, NO STOCKS, NO STOCKS, not at this time.
The basic reason is that we are in the second upswing of the commodity pendulum. First, what is the commodity pendulum? And second, why should this affect your decision to put your assets into stocks?
Sunday, March 21, 2010
Gold, A Quick Look at the Charts / Commodities / Gold and Silver 2010
Taking a quick look at the above chart we can see that gold prices appear to be stuck in a trading range for now and may continue to trade sideways until we get some sort of resolution to the European Fiasco. The long term trend is still up so we must learn to expect these knocks along the way. Shortly after gold had risen above the $600/oz level (many moons ago) we wrote that you would never see $600/oz gold again and the detractors fired in the brick bats accordingly, well it wont be too long before $1100/oz is history too
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Sunday, March 21, 2010
Silver Trendline Failure SELL Signal / Commodities / Gold and Silver 2010
Silver never did confirm gold’s breakout to new highs, which has always been grounds for some caution. It has followed the path predicted in the last update to the letter, as can be seen on the older 6-month chart included beneath the current chart below, but has run into trouble this month at resistance at the underside of its earlier broadening channel.
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Sunday, March 21, 2010
Gold Succumbing to Bullish Dollar / Commodities / Gold and Silver 2010
The dollar succeeded in confounding many experts late last week with a sudden strong rally. Fred Starkey earlier described it as marking out a Head-and-Shoulders top, which it appears to have aborted, “Fractal Dave” was caught out by the big drop in gold on Friday caused by the dollar strength, when he had expected it to rise. Peter Schiff recently set out the fundamental case why the dollar should plunge - which has not been invalidated, but in this business timing is everything. Only the wavers, who have been steadfastly bearish, ended the week looking good at last. We are well aware of their arguments, and have not gone along with them thus far, because there was money to be made. In practical terms being right too soon is as bad as being wrong.
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Sunday, March 21, 2010
Weekly Commodity Analysis for Gold, Silver, Crude Oil and Natural Gas / Commodities / Commodities Trading
Last week was nothing special as stock market continued to drift higher on light volume and the Volatility Index (VIX) reaching a new multi year low. This mix of higher prices on light volume, multi year lows in the VIX and an overbought market paints a clear picture to a market technician – Be Ready for a Pullback!
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Sunday, March 21, 2010
Euro, U.S. Dollar and Crude Oil: Oil is the Winner Hands Down / Commodities / Crude Oil
Euro saw 40% reduction in open interest as large speculators decided to take some of their profits off the table. What was surprising was the amount by which the open interest reduced wwhich was the largest in recorded history.
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