Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, February 25, 2010
Gold Long-Term Fundamentals Remain Promising / Commodities / Gold and Silver 2010
"Gold's positive fundamentals, the high level of investor interest in key geographic markets and global monetary economic developments promise to push the yellow metal much higher," according to Jeffrey Nichols, managing director of American Precious Metals Advisors. In this Gold Report exclusive, the leading precious metals economist outlines the reasons for gold to continue its upward trajectory—not the least of which include the ailing USD and foreign central banks' reluctance to keep buying U.S. government debt.
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Wednesday, February 24, 2010
Is Gold About To Begin A Major Bull Move? / Commodities / Gold and Silver 2010
We would be hard pressed to find a more perfect non-confirmation of the high in gold bullion than the picture of failure to confirm presented by the HUI and numerous precious metal shares.
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Wednesday, February 24, 2010
Gold Falls Ahead of Bernanke Testimony / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in the wholesale market fell again on Wednesday in Asia and London, erasing the final $7 of last week's 3.4% gain for US investors as the Dollar held steady ahead of Fed chairman Ben Bernanke's two-day testimony on banking reform and his zero-interest-rate policy.
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Tuesday, February 23, 2010
Gold and Silver Stocks Correlation with the General Stock Market / Commodities / Gold & Silver Stocks
In the previous essay, we commented on the recent developments in the price of gold. The technical part of this week's essay is dedicated to the situation in the precious metals stocks and the general stock market. The prices of these stocks are highly correlated with the underlying metals, which means that the following analysis is useful also to Investors and Speculators following the spot prices of gold and silver.
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Tuesday, February 23, 2010
Panic at the Fed or Back to Normalcy? / Commodities / Gold and Silver 2010
The decision of the US Federal Reserve to raise its key interest rate was definitely not a sign of confidence in the US economic recovery or a signal that Fed policy is slowly returning to normal as claimed. It was rather a signal of panic over the weakness in US Government bond markets, the heart of the dollar financial system.
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Tuesday, February 23, 2010
Renewed Interest in a Tax on Stocks Proves Metals Are the Place to Be / Commodities / Gold and Silver 2010
In an unprecedented modern move, the Federal government is considering a new investment tax as a way of paying for a huge annual deficit. The investment tax would cost investors .25% on purchases of stocks and exchange-traded funds outside of retirement accounts and would generate an estimated $90 – $100 billion in annual income for the US Treasury.
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Tuesday, February 23, 2010
Oil Companies Standardized Reporting of Oil Wells? / Commodities / Oil Companies
Investors need to understand what they’re reading on IP rates
Should there be a legal or industry accepted standard for reporting IP (Initial Production) rates on oil & gas wells?
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Tuesday, February 23, 2010
Three Must Own Gold Mining Shares / Commodities / Gold & Silver Stocks
Despite gold’s choppy trading range …
Despite the fact that it’s entering a period of short-term weakness and may even fall to just below $1,000 an ounce …
Everyone — and I mean everyone — should consider owning at least my top three gold mining shares.
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Tuesday, February 23, 2010
Silver Price Long-term Trend Analysis / Commodities / Gold and Silver 2010
Throughout this bull market, Silver has formed the same corrective pattern over and over again. Currently, Silver is repeating the same pattern but on a much larger scale. Note that Silver’s decline in 2008 and ensuing recovery are a larger fractal of preceding corrections. See the chart below.
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Tuesday, February 23, 2010
Gold Slips as Euro and UK Pound Slide Against U.S. Dollar / Commodities / Gold and Silver 2010
THE PRICE OF GOLD dipped to $1111 an ounce for the second time in two days in London on Tuesday, slipping together with European stock markets as the US Dollar jumped on the forex market.
Government bonds rose and US crude oil eased back to $79 per barrel, while trading-room gossip said the Swiss National Bank was actively selling its currency for Euros to cap a 14-month high in the
Tuesday, February 23, 2010
Silver Price Trend Analysis / Commodities / Gold and Silver 2010
Late in 2009 a lot of folks began asking us about buying silver instead of gold. At the time, we stated exactly how we felt, in that, why would you try to buy something that is not in the same league as gold? The two markets are completely different and are driven by a different set of emotions and fundamentals.
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Tuesday, February 23, 2010
Strong U.S. Dollar Points to Lethargic Gold Price Trend / Commodities / Gold and Silver 2010
The calendar date is now sufficiently far enough in the future from the injection of massive amounts of liquidity by the world's central banks in 2008 that if inflation was to be a consequence of that action, it would be readily evident. However, as we look around the world, inflation exists only in isolated cases. Certainly in the U.S., inflation is non existent. At the same time, rather than collapsing into oblivion, the U.S. dollar has been in a rally.
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Monday, February 22, 2010
Gold Bugs, Curing the Addiction and Acquiring some Patience / Commodities / Gold and Silver 2010
Gold Bugs have a die-hard sense of expectation that is akin to waiting for the Toronto Maple Leafs to win the Stanley Cup (NHL championship). It just bloody never seems to happen, and though you start the season with some sense of hope, you realize partway through that there’s no friggin’ way it’s going to happen this time.
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Monday, February 22, 2010
March is a Good Month for Energy Prices and Stocks / Commodities / Energy Resources
We are entering a time of year that in recent decades has been good for energy prices and energy equities.
Combine that with new estimates that domestic and global energy demand will rise in 2010, and we have the makings of a promising period for investors.
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Monday, February 22, 2010
Economic Recovery and the Price of Gold / Commodities / Gold and Silver 2010
What a difference a month makes! It was only a month ago a leading financial publication came out with the story, "U.S. economy still hemorrhaging jobs despite stimulus." The press was all over the employment data and concluded that the stimulus had utterly failed. They were of course making the classic mistake of treating the employment numbers as coincident indicators, when in fact employment is the ultimate lagging indicator.Read full article... Read full article...
Monday, February 22, 2010
Gold Resists Strong U.S. Dollar / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in the wholesale bullion market slipped from an early 1-month high Monday morning, trading 2.1% above last week's start as strong gains in Japanese and Chinese stocks failed to carry over onto European bourses.
US crude oil contracts hit $80.00 per barrel, and the Euro gave back half-a-cent of Friday's 2¢ surge.
Monday, February 22, 2010
Two Recent Events Offer Insights Into China’s Future Gold Plays… / Commodities / Gold and Silver 2010
We’re watching China with one eye on the gold price.
Two recent events offer insights into China’s future gold plays… China has stopped buying US Treasuries and started to dump them. And China has started accumulating gold positions.
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Monday, February 22, 2010
Gold Gearing Up for a Big Move / Commodities / Gold and Silver 2010
There has been a sense in the gold market through the month of February that gold is going down, a sense of negativity and discouragement. Gold bugs are giving up and pulling out. The U.S. dollar index hit 81 on Friday. The Fed is tightening. “What more,” say the bears, “is there to say?”
Is this true? Is gold going down? Let us look at the chart.
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Sunday, February 21, 2010
What's Next for the U.S. Dollar and Gold? / Commodities / Gold and Silver 2010
Last week was strong with stocks and commodities moving up sharply. As nice as it was to see a rally, I still have my doubts whether this move has legs behind it. As prices moved higher throughout the week we saw volume become thinner and thinner.
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Sunday, February 21, 2010
Gold and Euro, A New Tango For 2010 / Commodities / Gold and Silver 2010
The U.S. dollar rose, commodity prices dropped and stocks fell last Friday after the Federal Reserve unexpectedly lifted an emergency lending rate for the first time since the financial crisis.
The dollar hit an eight-month high against a currency basket, while gold prices rose as investors bought the metal to hedge against paper currencies and debt default risks in Europe. Gold futures ended on Friday with a weekly gain of 3.1% at $1,122.10 an ounce.