Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, December 10, 2009
Gold Tracks Dollar, as Ticking Debt Time Bombs Threaten Euro / Commodities / Gold & Silver 2009
THE PRICE OF GOLD was little changed Thursday morning in London, recording its lowest AM Fix since Nov. 13th at $1125 per ounce as the US Dollar held onto this week's rally on the currency market.
Both the Swiss and UK central banks kept their key interest rates at historic lows of 0.25% and 0.50% respectively.
Thursday, December 10, 2009
Rough Rice Soft Commodity Reaches Key Resistance / Commodities / Agricultural Commodities
In respect of the current climate conference we take a look at Rough Rice futures (CBOT), with prices influenced by inclement weather – the possible result of climate change. This was recently discussed on CNBC by Mark Sturdy, and those interested may follow this at http://www.cnbc.com/id/15840232?video=1349059964&play=1
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Thursday, December 10, 2009
Gold Price Top Indicated by Record Trading Volume / Commodities / Gold & Silver 2009
Last week we saw unusually high volumes of short sellers in the COMEX futures market. On Friday, 4 th December, we saw the biggest volume of sellers in the SPDR (GLD) ETF in its 5 year history. In four working days, between the 3 rd – 8 th December, Gold has had a sharp sell off, dropping more than $100. Together, these show the volatility of investment demand and draw into question whether this is a top for the gold price…
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Thursday, December 10, 2009
OPTIONS PLAY: COMEX SILVER Reaches Major Support / Commodities / Options & Warrants
After this huge correction in COMEX SILVER it has touched MAJOR support.
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Thursday, December 10, 2009
Commodities ETF Trading Gold, Silver, Crude Oil, and Natural Gas / Commodities / Commodities Trading
Etf trading has made it so easy for traders and investors to get maximum exposure to the entire market without the high fees of mutual funds and manager. There are now etfs covering almost every investment type whether it’s stocks, indexes, sectors, commodities, bonds, real estate, currencies etc…
In this short report I will quickly show a few charts on what is happening for precious metals and energy.
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Wednesday, December 09, 2009
Should the Weakness in The Silver-to-Gold Ratio Make You Worried? / Commodities / Gold & Silver 2009
In my previous essay, apart from commenting on the current situation and suggesting that the top is in for the precious metals sector, I also wrote about the positive fundamental outlook for this particular market as far as long term is concerned. I wrote the following:
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Wednesday, December 09, 2009
Awaiting Downtrend Reversal Signal for Gold / Commodities / Gold & Silver 2009
From the perspective of the Bollinger Bands, spot gold prices appear to be traversing the entire band width from $1225 to $1099 prior to expectations of a tradable low (buying opportunity). Let’s keep an eye on spot gold prices for additional weakness into the $1100 area and a technical upside reversal signal. If such a scenario unfolds, then we should look for a buying opportunity in the SPDR Gold Shares (NYSE: GLD) in the 108.30-107.90 target zone.
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Wednesday, December 09, 2009
Gold Gets Hit Hard, Goldbugs Buying Opportunity or Time to Panic? / Commodities / Gold & Silver 2009
On Thursday of last week, gold hit an all-time high of $1,227 an ounce. Since then, gold’s price is down to $1,145 per ounce for a quick loss of nearly 7 percent.
Strong U.S. employment data were cited as the reason behind this move and other fireworks in the financial markets.
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Wednesday, December 09, 2009
Crude Oil Down Near $70 / Commodities / Crude Oil
After failing to cruise past the $80 level in recent weeks, crude oil has drifted lower toward the $70 mark. A report Wednesday (December 9) that indicated an unexpected drop in US crude supplies helped push the price of a barrel of crude oil back above $73 a barrel in early morning trade Wednesday. Still, oil remains relatively low in the near-term.
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Wednesday, December 09, 2009
Natural Gas Outlook 2010 / Commodities / Natural Gas
The outlook for natural gas remains negative as the supply of the fuel outstrips demand. This situation will remain in place throughout the 2009-2010 heating season, unless the U.S. experiences an extremely cold winter. The earliest this situation will change will be during the 2010 - 2011 heating season, when available supply might be lower. Until then investors should tread carefully when considering the natural gas market.
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Wednesday, December 09, 2009
Gold Bounces from $1125 / Commodities / Gold & Silver 2009
THE PRICE OF GOLD bounced from a new 3-week low of $1125 in Asia and London on Wednesday, rising back above what several analysts called "key support" at $1138 as the US Dollar eased back on the forex market.
European equities moved in a tight range, unchanged from nine weeks ago.
Wednesday, December 09, 2009
Gold Bubble Bursting or Just Another Correction and Consolidation? / Commodities / Gold & Silver 2009
Gold's sell off continued yesterday with gold down some 2% but it has stabilised in European trading and is trading at $1,141/oz. Gold has fallen by less in euro and GBP terms and is trading at €772/oz and £700/oz. Support for gold is currently seen at $1,122/oz and resistance at $1,167/oz.
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Tuesday, December 08, 2009
Unemployment Discrepancy and its Impact on Precious Metals / Commodities / Gold & Silver 2009
Based upon November’s statistics, investors quickly sold off metals as the Bureau of Labor Statistics’ unemployment rate painted a picture that the recession may finally be coming to an end. Although the BLS statistics were positive, there's still a large discrepancy between the two leading reports.
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Tuesday, December 08, 2009
Hedge Against Hyperinflation, Hard Assets Should Continue to Appreciate During 2010 / Commodities / Investing 2010
The devil will be in the details of the balance sheet when hyperinflation hits. And while lots of companies have been using leverage to drive their ROE (and their stock prices), the structure of their debt may spell the difference between prospering and perishing. Those with low-interest debt that's locked in for a long spell actually will be poised to retire their obligations with cheaper dollars. But woe betide those stuck with floating rates. That's how Sprott Asset Management senior portfolio managers Charles Oliver and Jamie Horvat see what's brewing beyond the horizon, when time comes to pay the price for running the money-printing presses too hot and too long. As Charles and Jamie suggest in this exclusive Gold Report interview, investors who base decisions on the strength and structure of the balance sheet may not do too badly. In fact, they explain how the stock market itself may serve as a hedge against hyperinflation.
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Tuesday, December 08, 2009
Canadian Gold Junior Mining Stocks Soar, Should You Buy Now? / Commodities / Gold & Silver Stocks
For years, gold bugs like Doug Casey and his team have been saying that once gold takes off to stratospheric heights, it will take the gold mining stocks with it. It’s called the “Mania phase” of the commodity bull market.
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Tuesday, December 08, 2009
Q&A with Eric Coffin on Gold and Base Metals Exploration Companies / Commodities / Metals & Mining
I recently had a chance to talk to Eric Coffin, who, along with his brother David, produces the HRA (Hard Rock Analyst) Advisories. Eric, Dave and I have been friends for 15 years and we run into each other several times a year at conferences we all speak at. I’ve talked about some of the companies we both follow in the past few months and wanted to get some more information from “the horse’s mouth.”
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Tuesday, December 08, 2009
UNG, TAN and PBW ETF Beneficiaries of Going Green / Commodities / Energy Resources
Clearly, global warming, climate change, the greening of America and the globe are all front and center in the media these days. Who knows what is true, and what is not about CO2 emissions, etc., but if enough people buy into the going green idea to save planet Earth, then perhaps cleaner energy producers will benefit. Let's have a look at the U.S. Natural Gas Fund ETF chart (NYSE: UNG).
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Tuesday, December 08, 2009
What’s Happening with Iraq’s Crude Oil / Commodities / Crude Oil
As multinational military forces have left Iraq, international petroleum companies have eagerly descended - seduced by the long-term potential of vast oil reserves off-limits to foreigners for decades. Yet lingering violence, legal questions and political uncertainty make doing business in this country a gamble.
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Tuesday, December 08, 2009
Gold Minor Pullback or a Major Correction? / Commodities / Gold & Silver 2009
Donald W. Pendergast writes: Wow – what a week it was in the world of Gold! After charging above $1,200 on the front-month futures contract earlier in the week, Gold finally finished the week on a very weak note, closing below $1,150, which was right above the low established a week earlier in the wake of the Dubai debt debacle. Clearly, Gold is beginning a trend reversal on a daily-based time frame, but the technical picture is less clear over the long-term. Let’s examine a weekly chart for GLD (one of the financial instruments that holds actual Gold) to get a better fix on what might be expected in this volatile market over the next month or so.
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Tuesday, December 08, 2009
Volatile Gold Holds Support / Commodities / Gold & Silver 2009
THE PRICE OF GOLD reversed Monday's 2.4% rally vs. the Dollar early today, only to bounce sharply as world stock markets fell and the Euro currency dropped to a one-month low beneath $1.4750.
The gold price in Sterling and Euros held above £700 and €775 respectively.