Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Wednesday, December 02, 2009

Is This Your Last Chance to Buy Precious Metals Cheaply? / Commodities / Gold & Silver 2009

By: Dr_Jeff_Lewis

Long-term investors and analysts alike are siding with precious metals, virtually exclaiming that a surge in precious metal prices is in the future.  These investors are finding that today's high inflation, excessive government bailouts, and incredibly low interest rates are a perfect mix for higher silver prices.

Wednesday, December 02, 2009

Gold $1,200 Means Defacto Resurrection of the Gold Standard / Commodities / Gold & Silver 2009

By: Gary_Dorsch

One-way bets against the US-dollar have been building-up over the past eight-months, and are now estimated to total about $550-billion, in what’s popularly dubbed the US-dollar “carry trade.” Its predecessor, the infamous “yen carry” trade, also gained a lot of notoriety, when the Bank of Japan pegged its interest rates far below those of any other economy on the planet. At its peak in the summer of 2007, the “yen carry” trade grew in size to $1.2-trillion, providing the high-powered octane that pumped-up commodity and stock markets worldwide. 

Wednesday, December 02, 2009

Gold vs. Fiat Currencies and Sentiment / Commodities / Gold & Silver 2009

By: Guy_Lerner

Figure 1 is a weekly chart of gold (cash data) through last week's close. The indicator in the middle panel measures gold's 52 week performance relative to a basket of 8 currencies.

Wednesday, December 02, 2009

Are Penny Mining Stocks Your Ticket to Great Wealth? / Commodities / Gold & Silver Stocks

By: Dudley_Baker

Let’s call this a sneak preview of coming attractions.

Have you ever wanted to have the opportunity to make a lot of money? How about getting rich?

Wednesday, December 02, 2009

Gold Relentless in its Surge Higher Above $1200 / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE SPOT GOLD PRICE raced to new all-time highs overnight Wednesday, rising 1.3% from yesterday's peak to hit $1217 an ounce at the start of London trade.

The gold price in Euros broke above €800 an ounce for the first time ever, and broke new records against all other major world currencies bar the Aussie Dollar and Japanese Yen.

Wednesday, December 02, 2009

Gold Surges as Competitive Currency Devaluation and Debasement Continues / Commodities / Gold & Silver 2009

By: GoldCore

Gold reached a new nominal high overnight of $1,216.73/oz. Gold is currently trading at $1,214.40/oz and in euro and sterling terms, it is trading at €804/oz and £731/oz respectively.

Wednesday, December 02, 2009

Jim Rogers Says Government Budget Deficits Pushing Up Gold Prices / Commodities / Gold & Silver 2009

By: LewRockwell

What is the real reason behind the historic rise in gold prices? Futures and spot prices of gold across global commodity bourses and bullion markets have been surging for the past few months. Gold price touched a high of $1195 per ounce in the last week of November.

Wednesday, December 02, 2009

The Global Gold Bull Market / Commodities / Gold & Silver 2009

By: Adam_Brochert

Does anyone remember how so called Gold experts (like Jon Nadler over at Kitco.com) were recently saying that the move in Gold wasn't meaningful because it was only making new highs in U.S. Dollar terms? Are all those experts currently publishing articles to admit how they were pretty far off base? Since I already know the answer to this question, here's a 1 year price of Gold priced in Euros (from goldprice.org):

Wednesday, December 02, 2009

Silver's Turn to Shine / Commodities / Gold & Silver 2009

By: The_Gold_Report

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."

Tuesday, December 01, 2009

Using Gold's Cyclical Model to Trade Junior Gold Stocks / Commodities / Gold & Silver Stocks

By: Bob_Clark

Gold is cyclical. Can knowing this help us make logical trading decisions about low priced gold stocks known as Juniors? Do these wild, speculative stocks even care  what the price of gold is doing. Even if they do, why would I want to gamble on such a high risk investment? Lets take a look.  

Since gold has bolted to new highs, I am getting more questions about the gold ETF, gold stocks, their options and juniors in particular. Here are a few of the questions and issues.    

Tuesday, December 01, 2009

USD$ Reaches Key Support / Commodities / Commodities Trading

By: Donald_W_Dony

KEY POINTS
• USD$ hits major support zone. Stability expected until Q1
• Gold reaches second target of $1145, Weakness expected by January
• Oil starts seasonal strength in December. $88-$89 remains next target

Tuesday, December 01, 2009

Devastating Oil Crisis Ahead? / Commodities / Crude Oil

By: Joseph_Dancy

John Hess, the Chairman of the US independent producer Hess Corporation, issued a warning last month to global governments claiming a “devastating oil crisis” looms large on the horizon if global action is not instituted. In a speech delivered at the Money & Oil conference, Hess said that once economic growth recovers, it is likely the world will return to the market conditions of one year ago:

Tuesday, December 01, 2009

Gold Attempting to Break Above $1200 As Barrack Ends Hedging / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD hit a new intra-day high in London trade early Tuesday, driven within $1.50 of $1200 per ounce as world stock markets leapt and the US Dollar sank after Dubai World – which requested a "debt freeze" last Thursday – said it's in talks to restructure almost half of its $59 billion owing.

The Dollar fell below $1.50 per Euro for the third time in six weeks. Crude oil rose above $78 a barrel.

Tuesday, December 01, 2009

Gold Rich Australia Hikes Interest Rates Again / Commodities / Gold & Silver Stocks

By: Neil_Charnock

Interest rates are up again here in Australia as the RBA hikes our prime rate by 0.25% to 3.75%. One bank has already come out with a 0.45% hit on mortgage borrowers of nearly double that figure.  The Federal Treasurer stated that the banks have no justification to take this policy course however I beg to differ – truth is they have to rebuild their balance sheets to cover the bad and doubtful loans on their books – some of which are disguised as performing assets.

Tuesday, December 01, 2009

U.S. Oil Lobby is Blind to the Looming Spike in Crude Prices / Commodities / Crude Oil

By: Money_Morning

Kent Moors, Ph.D. writes: John Felmy has been the chief economist of the American Petroleum Institute (API) for years. He’s well respected. And I appreciate his experience. But the two of us disagree more often these days.

We most recently locked horns at Malone University in Canton, Ohio, last week, where we were debating the future of oil. (Actually, when the invitation was made, I was supposed to debate Sarah Palin. But she pulled out to go on the road and pitch a book she didn’t write.)

Tuesday, December 01, 2009

Gold and Silver Soared During November / Commodities / Gold & Silver 2009

By: GoldCore

Gold traded between $1,177/oz and $1,187 overnight and has continued its move upward this morning and reached $1,199.22/oz a new record nominal high – a fraction away from the psychological $1,200/oz. Gold is currently trading at $1,197/oz and in euro and sterling terms, it is trading at €793/oz and £722/oz respectively, near record nominal highs in both currencies. Gold rose by 14% in sterling terms in November and by 10.6% in euro terms.

Tuesday, December 01, 2009

The New Gold Rush Is Underway / Commodities / Gold & Silver 2009

By: LewRockwell

James Quinn writes: Although the British-based bank has decided to stop retail investors depositing the shiny stuff at its New York vaults in favour of storing gold for higher paying institutional customers, it has not stopped the rest of the world from clamouring to join the gold rush.

Monday, November 30, 2009

Agri-Food Companies Are a Good Contrast with Gold stocks / Commodities / Agricultural Commodities

By: Ned_W_Schmidt

Over the Thanksgiving holiday driving I-95 in Florida provided some insight into the state of at least some segments of the U.S. economy. I-95 is the major North-South highway on the East coast of Florida. It runs from Miami to Georgia. Driving it from mile marker 47 to about mile marker 300 provides a fairly complete sample of travel activity in the state. Travel activity in Florida is a reflection of economic activity within the nation.

Monday, November 30, 2009

If the U.S. Eonomy Weakens Again, What Happens to Gold and Base Metals? / Commodities / Metals & Mining

By: HRA_Advisory

The announcement of a surprisingly large US trade deficit for September had some assuming the US consumer is back in a buying mood.  Alas, the much watched Michigan consumer confidence index for November quickly followed, and it is off a large 4.6 points, from 70.6 in October to 66.0 now.  The import gains were largely for crude oil, and there was some gain from the “declunkering” auto sector.  Even in weak markets there will periods of restocking that have to be figured into single bits of data.  Before Friday was done inventory levels for crude came out that were full enough to knock its price back from recent highs. 

Monday, November 30, 2009

Gold Miners Making More Money? / Commodities / Gold & Silver Stocks

By: Adam_Brochert

Mining is a tough business and profits are rarely easy to come by. I learned the concept of the "real" price of Gold from Bob Hoye at Institutional Advisors. This concept ignores the nominal price of Gold (i.e. ignores the currency effect, which is difficult for paperbugs but easy for long term Gold bulls) and focuses on the price of Gold relative to the price of other commodities as a ratio. Mr. Hoye has his own proprietary index, but as we all stand on the shoulders of giants before us, I use my own proxy of this ratio by dividing the Gold price by other commodities indices (I typically use the Continuous Commodities Index [$CCI]).