Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, December 21, 2009
Holiday Season Good for Oil Stocks / Commodities / Oil Companies
If 2010 follows the pattern of the past 15 years, we are approaching the start of a seasonal climb in the price of crude oil that could present a good investment opportunity in energy-related stocks.
Oil is down from its 2009 peak of $81 per barrel seen in October, but we remain constructive on energy stocks given the improving economy and positive seasonal factors heading into the new year.
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Monday, December 21, 2009
Gold Hit by End of Year Profit Taking / Commodities / Gold & Silver 2009
THE WHOLESALE PRICE of gold ticked higher in a tight range against the US Dollar early Monday, rising 1.9% from Friday's 5-week low in what dealers variously called "quiet", "lackluster" and "weak" trade.
Most Asian stock markets ended the day lower, but European share buyers showed a near-1% profit as banks and financial stocks bounced from last week's near-10% drops.
Monday, December 21, 2009
The Easy Way to Make Money in Commodity Trading / Commodities / Commodities Trading
Quick answer…there is no easy way to make money in commodity trading. Sorry about that. No get rich quick schemes. The fact is once in a while you hear of someone who made a killing in the commodity markets ( Remember Hillary Clinton and her $100k Cattle Trade)..but it is not reality.
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Monday, December 21, 2009
Gold Bugs Cheer Up, Happy Days Are Coming / Commodities / Gold & Silver 2009
Gold bugs have been sad for the past few weeks as gold has tumbled from above $1200/oz. Cheer up gold bugs. Happy days are coming. One of the great buying opportunities of all time is just around the corner, and our next task at the One-handed Economist is to identify this buying point as closely as possible. As always, to get the really good stuff you must cross my palm with silver. However, do not let this discourage you.
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Monday, December 21, 2009
Gold, Hot Commodities and the Major Indexes Trend Trading / Commodities / Commodities Trading
Gold has been leading the market for almost a year. Last week gold and gold stocks were trading at support looking ready to bottom but as you will see in my charts below, both broke support on heavy volume.
With gold now under performing the stocks market, I get the feeling we could see the broad market top. Topping is a process and after this strong climb I figure it will be choppy (tough to trade). Much like the price action on the Dow and S&P500 the past month, but this time it will be on a larger scale.
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Monday, December 21, 2009
U.S. Dollar is Going Up, Get Out of Gold! / Commodities / Gold & Silver 2009
Certain old market adages just don't seem to go away and are perpetuated by novice investors who seek to find some meaning in markets and their interrelationships. Mainstream financial commentators are more than happy to repeat and regurgitate such claptrap endlessly, creating "rock solid" market wisdom.
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Monday, December 21, 2009
Gold Futures Trading Multi Time Frame Trends Update into 2010 / Commodities / Gold and Silver 2010
In this weekly issue, The J.E.D.I. Way will be covering price trends in the Futures, and Futures Options Markets for the long-term, intermediate-term, and short-term time periods for the FEBRUARY 2010 GOLD 100 oz (Ticker Symbol: GCG10) contract and then list one or more trading opportunities in the futures options for this commodity that The J.E.D.I. Way will be seeking to add to its current holdings.
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Sunday, December 20, 2009
U.S. Dollar Breakout Means Gold Has a Lot Further to Fall / Commodities / Gold and Silver 2010
Gold behaved as predicted in last weekend’s update - it rallied into the middle of last week before plunging on Thursday and then ended the week with a modest upturn. Thursday’s plunge involved a sharp break below our important parabolic uptrend channel, and although the break was not by a decisive margin and gold rallied Friday, this sharp drop has bearish implications.
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Sunday, December 20, 2009
Silvers Failure to Breakout Means Get Out or Get Reamed / Commodities / Gold & Silver 2009
Silver’s failure to break out to new highs during gold’s recent ramp was a clear non-confirmation with bearish implications. The underlying weakness is given added emphasis by the marked convergence of the major uptrend in force from October - December of last year. We can see this on silver’s 2-year chart.
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Sunday, December 20, 2009
Gold GLD and Oil USO ETF BubbleOmics Mis-pricing / Commodities / Gold & Silver 2009
Since it was “freed” from the dollar in 1971 and until quite recently the history of Gold was (1) central banks (allegedly) attempted to keep the price down by manipulating the market, and (2) there was a reasonably good correlation between the price of gold and the price of oil.
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Sunday, December 20, 2009
Gold Disaster Ahead? / Commodities / Gold & Silver 2009
Thursday was a bummer. Is there a disaster ahead? The "blow-off" is continuing as expected but for how long? Questions, questions, but do we have any answers? Let's see.
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Saturday, December 19, 2009
Gold Beware Detour Dead Ahead / Commodities / Gold and Silver 2010
GOLD MONTHLY
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Saturday, December 19, 2009
Gold Bull Market Is Nowhere Near the Top / Commodities / Gold & Silver 2009
The U.S. dollar has reigned as the world's reserve currency for more than 60 years. That's a real anomaly in the history of paper money, according to Stansberry & Associates Investment Research founder Porter Stansberry, but the dollar's days on the throne are numbered. With a sea-change in the monetary system on the horizon—and drawing ever-nearer as more and more U.S. creditors turn toward hard assets and away from paper dollars—he tells The Gold Report in this exclusive interview that the world is approaching a return to "at least a de facto gold standard." Porter does not recommend bullion as "insurance" (because that suggests hope for the dollar when there is nothing to pin hope on) but rather as "the perfect natural money."
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Friday, December 18, 2009
World Wide Economic Depression, Maybe Its Time to Become a Farmer? / Commodities / Great Depression II
Jim Rogers, if nothing else, has no axe to grind when he shares his observations on the markets. Unlike most of the Wall Street analyst, he actually does some serious homework on his investment themes. For example, between January 1, 1999 and January 5, 2002, Rogers traveled through 116 countries, covering 245,000 kilometers, seeing what was going on in the world first hand.
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Friday, December 18, 2009
Is Financial Markets Volatiltiy a Bad Sign for the Gold Price? / Commodities / Gold & Silver 2009
Gold, is it inherently Volatile?
A 5% correction in one day, is this reasonable? That happened to gold and many would say was consistent with its reputation as a volatile market. But at the same time most markets reflected the same volatility and have recently been doing so regularly. Actually, gold’s reputation as a volatile market [when others are stable] is misplaced.
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Friday, December 18, 2009
Gold and Silver Correct But What If The Stock Market Really Plunges? / Commodities / Gold & Silver 2009
The recent tumble in the price of gold came as no surprise to experienced technical traders and to readers of Premium Update. We gave you a heads up to close out your speculative gold positions before the beginning of the correction. Keep in mind that even the strongest bull markets need to pause and correct before moving higher. I’m not even sure that the decline we have seen so far should be labeled a correction.
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Friday, December 18, 2009
Gold HUI Stocks Recovery / Commodities / Gold & Silver Stocks
One year ago this week, I wrote about the end of the gold-stock panic. As measured by its flagship HUI gold-stock index, this sector plummeted an unbelievable 52% in a matter of weeks in October 2008. It was an epic catastrophe and its aftermath is still reverberating through gold stocks to this day. All of 2009 has been defined by gold stocks’ recovery from this unprecedented panic anomaly.
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Friday, December 18, 2009
Crude Oil Slides Back Toward $74 / Commodities / Crude Oil
As temperatures plummet with the winter months in many parts of the US, some speculators appear to be expecting increased crude demand to result. Benchmark crude oil prices were up $1.22 to $73.87 in early Friday (December 18) morning trade on the New York Mercantile Exchange.
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Friday, December 18, 2009
Gold Falls as U.S. Dollar Gains Despite Iran Iraq Conflict Risk / Commodities / Gold & Silver 2009
Gold dipped sharply to $1,094/oz yesterday and recovered to range trade from $1,104/oz to $1,109/oz overnight. Gold is currently trading at $1,101.00/oz and in Euro and GBP terms, gold is trading at €770/oz and £683/oz respectively. Gold has given up its early gains and is trading flat on the day so far. Further dollar strength on speculation that the Federal Reserve may begin increasing interest rates sooner than expected has contributed to further falls in the gold market.
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Friday, December 18, 2009
Gold Bounces from 6-Week Low as Oil Jumps on Iranian "Incursion" of Iraq / Commodities / Gold & Silver 2009
THE PRICE OF GOLD bounced from its lowest Dollar-level since Nov.8 early in London on Friday, trading back above $1100 an ounce as world stock markets also rose but headed into the weekend nearly 1% down for the week.
Nearing a weekly gain vs. the Euro above €770 an ounce, gold showed its third week-on-week loss for UK and US-Dollar investor, down 7% and 10% respectively from early Dec.'s all-time record highs.