Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, November 16, 2009
ETF Commodities Trading Analysis and Forecasts for GLD, SLV and UNG / Commodities / Commodities Trading
Commodities continue to perform well as the US dollar tests the October lows. If we step back and take a look at the weekly charts of the gold, silver, oil and natural gas ETFs we can get a better feel for what to expect in the coming week.
Trading commodity ETFs can be a very fun and profitable experience when done correctly. The first things I always analyze are the longer time-frame charts. This allows me to see past support and resistance levels and determine whether the investment is trending up, down or sideways.
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Sunday, November 15, 2009
Gold Long Run on Route to $2,050 via $1,575 / Commodities / Gold & Silver 2009
Boy, you go away for a few days and all hell breaks loose. When last I looked gold was looking weak. Now, three weeks later it’s more than $60 higher. Where to from here?
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Sunday, November 15, 2009
Silvers Paradoxical Performance Relative to Gold, Strength With Weakness / Commodities / Gold & Silver 2009
The performance of silver this year relative to gold has been paradoxical - on the one hand it has outperformed gold, while on the other it has yet to make new highs. The explanation for this behaviour is of course the fact that silver got trashed last year during the general market meltdown, when it dropped in percentage terms much more than gold, and thus this year it has had much more ground to make up. This brings us immediately to the important issue of why silver has underperformed gold so markedly in recent weeks, and what this implies. As we will soon see the explanation is actually rather simple.
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Sunday, November 15, 2009
Gold Short-term Overbought, Longterm Parabolic Bullish / Commodities / Gold & Silver 2009
On longer-term charts gold looks great here as it accelerates away from its recently completed 20-month consolidation pattern. The prospect is for a powerful, steep multi-month advance, punctuated by mostly brief periods of consolidation. In the last update we examined the long-term charts to divine the big picture and as this has not changed since, we will in this update look at the shorter-term charts to consider the immediate outlook as gold is now overbought, and also pay attention to the dollar and euro, which are on the cusp of big moves that obviously have important implications for all markets.
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Friday, November 13, 2009
Gold Momentum's Picking Up Dramatically / Commodities / Gold & Silver 2009
Although "quantitative easing" (QE) may be propping up the U.S. economy for the time being, it solves nothing. That's how Eric Sprott, Chief Executive Officer & Portfolio Manager of Sprott Asset Management and Chairman of Sprott Money Ltd., sees it. It's not just that QE shoves problems from the private sector into the public sector. It's worse than that, because as Eric tells The Gold Report readers, QE is "just debasing the currency which will eventually lead to hyperinflation." One upside though: "You can just feel the momentum in gold—it's picking up dramatically" and so too are prospects for a plethora of little-known small and mid-cap gold stocks.
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Friday, November 13, 2009
Greenspan On Systematic Gold Market Intervention / Commodities / Gold & Silver 2009
Translation of the article for the International Precious Metals & Commodities Fair in Munich, November 6 through 7, 2009
Since August 5, 1993 there has been systematic intervention in the gold market by American financial institutes with the objective of preventing an increase in the price of gold or at least of mitigating its rise. The intervention is supposed to support the bond market and the dollar as well as ease inflation expectations and the mood of crisis as the case may be.
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Friday, November 13, 2009
Gold Price 2010 Forecast $1,500 and Seasonal Influences on Precious Metals / Commodities / Gold & Silver 2009
Madison Avenue Research Group's outlook for gold and silver is bullish. Our sentiments echo John Licata, Chief Investment Strategist at the energy and metals independent research and advisory service Blue Phoenix. Last year Licata wrote a note to his clients telling them gold was going to hit $1200 this year - a bold prediction at the time yet stunningly accurate in retrospect. On BNN this week Licata said he is still in the process of formulating targets for 2010 but did say he "could see gold going North of $1,500 next year”.
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Friday, November 13, 2009
Is the Gold and Silver Precious Metals Top Behind Us? / Commodities / Gold & Silver 2009
“Inside the Global Gold Frenzy” is the title of an article that appeared last week in The New York Times. It seems the mainstream media has finally caught on to what we’ve known for a long time - we are in the midst of an honest-to-goodness gold rush. The article pointed out some interesting facts.
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Friday, November 13, 2009
The IMF Sold Gold 200 Tonnes to India, What Will they Announce Next? / Commodities / Gold & Silver 2009
We have been prepped for this for so long now. It seems that the [concocted] cloud from the expected I.M.F. gold sales has been a threat to the gold price, for years. Now the clouds of speculation are being blown away and reality is presenting itself in a way never expected. Part of this has been the expectation that the I.M.F. gold sales would be dragged out over a long period. As we have been telling Subscribers for an equally long period, we did not think this would be the case, because the purpose of the sale was to maximize the proceeds and quickly. Now with India taking 200 tonnes of the 403.3 tonnes, our position has been verified.
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Friday, November 13, 2009
Stock Market Rally Priced in Gold Not Dollars / Commodities / Gold & Silver 2009
Non-US investors haven't enjoyed the same stock rally as Wall Street. Whereas in gold...
"THE DOLLAR is still driving gold," agree the analysts, pundits and chart-watchers now scratching their heads about where gold is headed next.
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Friday, November 13, 2009
Gold Tries to Hang on to $1,100 / Commodities / Gold & Silver 2009
While oil and several major currencies have been major beneficiaries of the weak dollar, gold has really shined in light of the less desired greenback. One ounce of gold currently fetches $1,104.52, according to goldmoney.com.
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Friday, November 13, 2009
Has Gold Topped Out for the Year? / Commodities / Gold & Silver 2009
The the gold market took its first corrective action on the downside. The question many traders will have now is, have we hit the high end for gold this year?
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Friday, November 13, 2009
Gold Price Undergoing Correction / Commodities / Gold & Silver 2009
THE PRICE OF GOLD bounced from an overnight dip to $1101 an ounce in London dealing on Friday, heading into the weekend 0.9% higher from last week as world stock markets held onto their near-3% gains.
Crude oil fell towards $76 per barrel while government bonds were flat, as was the Dollar.
Friday, November 13, 2009
Sugar Commodity Bears Still Have Energy / Commodities / Agricultural Commodities
A Key Reversal Week in early September, which we highlighted in a previous Update, has provided a bearish backdrop to the technical picture of Sugar. It remains the marker of the end of a previous strong bull run and there is still bear risk.Read full article... Read full article...
Friday, November 13, 2009
The Gold Price Today Effect / Commodities / Gold & Silver 2009
Welcome to another week. Today I’ll take you through the news that’s motivating higher production levels amongst gold miners, and news that’s causing some to restrict production levels. We’ll see politics being influenced and why the UK investor should be worried…
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Friday, November 13, 2009
Vietnam Gets the Gold Bug / Commodities / Gold & Silver 2009
Gold pulled back from its record nominal high of $1,123/oz yesterday, as a stronger dollar initiated a bout of profit taking. It is currently trading at $1,108/oz. In the short term, a first stop for support should be sought at $1,098/oz and a resistance of $1,119/oz.Read full article... Read full article...
Friday, November 13, 2009
It's About Gold, Not Inflation or Deflation / Commodities / Gold & Silver 2009
Gold's getting ready to have a short-term correction if it didn't start today. Trying to game short-term corrections in a raging bull market is a fool's game and there's no reason to do it. Simply buy on sharp pullbacks and hold on. It's not rocket science for those with a time horizon of more than a few days. One simple 10 year monthly log-scale chart can tell you where the current secular bull market is:
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Friday, November 13, 2009
Jim Rogers Bullish on Gold, Silver, Cotton, Coffee, Farmland But Not Stocks / Commodities / Investing 2009
This week’s guru outlook brings you Jim Rogers. Rogers has become infamous in recent years for his prescient calls on the global meltdown and the commodity boom, but long before that Rogers became famous for co-founding the Quantum Fund with George Soros. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund (see here for the Soros Guru outlook) while the S&P 500 returned just 47%. They ran what is considered to be one of the first truly global macro hedge funds.
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Thursday, November 12, 2009
All That Glitters, SLV, GLD ETF's / Commodities / Gold & Silver 2009
Before discussing SLV or GLD, I would like to remind you that metal ETFs are not metals. They are supposed to be backed by metals. In fact, they are no more than promises and guarantees of some entity who is supposed to have the metals. Make sure you read, and understand related prospectus and other publications as you decide whether metal ETFs are suitable for your trading/investing needs.
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Thursday, November 12, 2009
Bear Market Low Downside Risk Resources Stocks With Ample Upside Potential / Commodities / Energy Resources
Although Q1 Publishing's Founder and Chief Investment Strategist Andrew Mickey expects to see the U.S. stock market slip as much as 25% over the next 6 to 12 months, he comes to The Energy Report to share tidbits about several companies in his scopes that present low downside risk with ample upside potential. Generally beyond media noise and the glare of market spotlights, these companies are carving niches for themselves in various segments of the energy industry. For example, Andrew's list includes a junior lithium company uniquely positioned, an up-and-coming miner that "if you like lithium, you'll have to like," and one of the only ways regular investors get into the fastest growing venture capital sector.
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