Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, December 06, 2009
How Deep will the Gold Correction Be? / Commodities / Gold & Silver 2009
Four waves are the clue to the answer.
“The primary guideline is that corrections, especially when they themselves are fourth waves, tend to register their maximum retracement within the span of travel of the previous fourth wave of one lesser degree, most commonly near the level of its terminus.” E. W. P.
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Sunday, December 06, 2009
Judgment Day for Global Financial Economy / Commodities / Gold & Silver 2009
Barrick Gold says the world gold supply has run out.
Wow! Isn’t that what some have been predicting for the past 10 years? The president of the largest gold company in the world, Barrick Gold, has just recently announced that gold production peaked in the year 2,000.
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Saturday, December 05, 2009
Gold Blow Off Rally in for Rough Sailing Ahead / Commodities / Gold & Silver 2009
That “blow-off” line shown last week has been breached this Friday and I’m afraid we’re in for some rough sailing ahead, at least for a little while. It will take some time for the indicators to suggest what’s happening but let’s go right to them and see what they are saying at this time.
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Friday, December 04, 2009
Peter Grandich Says its Silver's Turn to Shine / Commodities / Gold & Silver 2009
Not that there's a link between the two, but as the legendary Peter Grandich celebrates his silver anniversary as a market commentator, he tells The Gold Report in this exclusive interview that having been left behind in the big run-up in gold, silver's time has come to steal the limelight for a while. Peter, who started publishing The Grandich Letter 25 years ago and this month celebrates his first anniversary as Agoracom's market analyst too, also considers the current stock market rally as a gift delivered in the eye of the storm. Longer term, he expects America's underlying economic problems to result in prolonged sagging trading performance such as Japan has experienced over the past 20 years. Accordingly, he's alerting investors "to remove their bullish hats if they're still wearing them." As Peter's motto goes, "It's better to be a live chicken versus a dead duck."
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Friday, December 04, 2009
Agriculture Commodities Sweet Future / Commodities / Agricultural Commodities
In December 2008, I discussed the rebound in world food stocks. Excellent weather in the second half of the 2008 growing season led to near-record yields. The fall saw a bountiful harvest, especially in grains. At the same time, the global economic slump had crushed crude oil futures, dampening the associated biofuel demand. Most agricultural commodities, including the grains, fell sharply in price.
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Friday, December 04, 2009
The Future of America’s Natural Gas / Commodities / Natural Gas
Marc Bustin Ph.D., F RSC, is the senior researcher for unconventional oil and gas for Casey Research. Considered to be one of the top authorities in the world, Marc is the go-to expert for multinational oil and gas conglomerates, and is brought in to help evaluate finds around the world. Marc has reviewed more projects on his own than some exploration teams put together.
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Friday, December 04, 2009
Have Gold and Silver Topped?, Precious Metals Stocks Provide Important Clues / Commodities / Gold & Silver 2009
The precious metals market is declining just as I mentioned in the previous essay, but before I proceed with providing you with my thoughts on the current situation, I would like to put this analysis into proper perspective.
I’m in London this week and the city is vibrant. Rubbing elbows in Piccadilly Circus with the crowds rushing to catch the latest West End show, you hardly feel that there is a global economic crisis. Londoners seemed to have shrugged off the Dubai crises, as did the rest of the world. They seem to be happily unaware, or else they are ignoring, the fact that Britain’s government debt is on the rise and is expected to be more than 80 percent of the nation’s economic output next year.
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Friday, December 04, 2009
Keeping an Eye on Silver's Pivot Low / Commodities / Gold & Silver 2009
Although the dollar is strong and the precious metals and iShares Silver Trust ETF (NYSE: SLV) are under pressure today, my work has been telling me to expect a correction in the complex coming into today, regardless of the reaction of the financial markets to the Jobless data. For me, from a technical perspective, the only thing that matters right here is last Friday’s pivot Dubai low at 17.49 in the SLV.
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Friday, December 04, 2009
Is Gold Price Going Parabolic? / Commodities / Gold & Silver 2009
Gold’s performance over the past month has truly been epic. Since late October, it has soared 18.2% higher. Over a 21-trading-day span, no fewer than 16 days achieved closes at new nominal all-time-record highs! Even the perpetual gold disdain from Wall Street and the financial media is fading.
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Friday, December 04, 2009
Gold Major and Junior Stocks Update / Commodities / Gold & Silver Stocks
With the Gold market hitting the point of recognition, and Silver soon to follow, investors should now spend their energy focusing on the companies. In fact, that is why we started a newsletter dedicated to tracking as many of the companies and as frequently as possible. This weeks issue, updated nearly 55 gold and silver stocks. The majority of those stocks look like they can gain a bit more before they run into resistance.
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Friday, December 04, 2009
Let’s Take a Fresh Look at Crude Oil / Commodities / Crude Oil
Today we are looking at a January crude oil contract, but this can be any of the other contract months.
We've looked at this market before and were expecting it to go higher. It did not, however, fulfill that promise and with a red weekly “triangle” in place, it appears as though this market is heading down, but is it?
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Friday, December 04, 2009
Gold $2,000 Is Coming / Commodities / Gold & Silver 2009
The price of an ounce of gold continues to remain above $1,200 after reaching a new all-time high at $1,218.25 to start the final month of 2009. In early Friday (December 4) morning trade, the spot rate for gold is $1,205.40.
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Friday, December 04, 2009
Gold Sinks Through $1200 on U.S. Jobs Data / Commodities / Gold & Silver 2009
THE PRICE OF GOLD sank through $1200 an ounce for the first time in 3 days on Friday, falling fast to $1190 and below on news that US unemployment rose by just 11,000 last month.
Wall Street analysts had expected 111,000 job losses for November. The unemployment rate ticked down to 10.0%.
Friday, December 04, 2009
What Should Gold and Silver Investors Do Now? / Commodities / Gold & Silver 2009
A change of market - Understanding fundamentals - We have talked about a complete change of tone and shape in the market place in the last few weeks that has altered the future of gold. It has taken 10 years for this to happen, but it is here at last.
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Friday, December 04, 2009
Gold Market Awaits U.S. Unemployment Report / Commodities / Gold & Silver 2009
Gold touched $1,211.72/oz overnight but has since pulled back. Gold is currently trading at $1,203.70/oz. In EUR and GBP terms it is trading at €799.11/oz and £724.34/oz respectively.
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Friday, December 04, 2009
What Will Happen When China Catches Gold Fever? / Commodities / Gold & Silver 2009
The calls grow louder and louder each trading day if one listens to the financial news. And I am starting to realize they may be right. Gold could be in a bubble. In fact, this is why I invested in Gold in the first place years ago. It was because I thought Gold would be the next bubble and would make me a lot of money.
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Thursday, December 03, 2009
Gold Plated Tungsten Bars, Yes or No? / Commodities / Gold & Silver 2009
The gold world has been ablaze for the last few weeks with a sensational story from fifteen years ago that the US government allegedly manufactured/bought some 1.3 to 1.5 million 400 oz, gold-plated, tungsten bars. Some 640,000 of these bars were allegedly stored at Fort Knox, and the balance was sold/shipped to central banks/other parties around the world.&
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Thursday, December 03, 2009
Oil and Gas Energy Sector is Not Buy and Hold for Ever / Commodities / Oil Companies
Inflation is galloping at a 7% pace and a round of one-off corporate profits waiting in the wings are among the near-term sightings in Trader Tracks editor Roger Wiegand's viewfinder. As the veteran prognosticator tells The Energy Report readers in this exclusive interview, while a short-term surplus in oil and natural gas supplies doesn't appear to bode well for expectations of rising prices, the inflationary outlook outweighs the fundamentals, and inflation alone should drive oil up to as high as $100 a barrel.
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Thursday, December 03, 2009
Cocoa Commodity Bull Market Pride Before a Fall? / Commodities / Commodities Trading
The recovery in Cocoa from its Oct-08 low has been impressive. Interrupted by a period of volatility earlier in the year it has more recently returned to the Jul-08 peak, but displaying short term indecision now.
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Thursday, December 03, 2009
Gold Price Going to Run High Until it is Exhausted / Commodities / Gold & Silver 2009
THE PRICE OF WHOLESALE gold hit yet another record high against all major currencies bar the Aussie Dollar and Japanese Yen on Thursday, peaking above US$1226 an ounce at lunchtime in Hong Kong.
"Volumes are thin. There is less buying in the physical market, and scrap seems to be entering the market faster," says Walter de Wet at Standard Bank.