Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, November 06, 2009
Gold Breaks $1,100 New High / Commodities / Gold & Silver 2009
By: GoldCore
In afternoon trading on Friday the gold price momentarily breached the $1,100 an ounce level for the first time. Although its time at this level was brief it concluded what has been a very bullish week for gold.The bullish sentiment towards the yellow metal has been built on a very strong base. Central banks have underpinned the price with revelations during the week that the Reserve Bank of India has become a sizeable holder of gold, buying 200 tonnes.
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Friday, November 06, 2009
SPX Stock Market and HUI Gold Stocks Pullbacks / Commodities / Gold & Silver Stocks
By: Zeal_LLC
After India’s central bank gobbled up half of the gold (200 metric tons) the IMF recently offered for sale, gold surged 2.4% on Tuesday to a new all-time nominal high near $1085. Naturally traders flooded into the gold stocks to leverage such an exciting day, driving the flagship HUI gold-stock index up by 8.0%.
Although this surge was certainly fun, considered in context its results were disappointing. Believe it or not, in the hyper-volatile HUI an 8% up day isn’t very rare. There was a 9%+ one in early September and a 7% one in early October. Considering gold rallied $25 in a single day and exceeded its old record by $21, the HUI ought to have done much better on Tuesday.
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Friday, November 06, 2009
Gold at Both Ends of the Economic K Wave Cycle / Commodities / Gold & Silver 2009
By: Clif_Droke
Now that the 10-year cycle has peaked, fear will become the dominant emotion in the financial marketplace in the years ahead. Risk aversion is on the rise since the credit crisis and investors must look to those assets which tend to benefit from fear. Gold is of course the chief beneficiary of fear and has the added feature of being a hedge against a hyper-deflationary environment. Hyper deflation will be the order of the day in 2012-2014 when the final leg of the 60-year cycle descends.
Friday, November 06, 2009
Jim Rogers Vs Nouriel Roubini, Can The Commodities Boom Survive? / Commodities / Investing 2009
By: Andrew_McKillop
Battle Of The Titans - The debate is now open. Commodities, like equities have enjoyed fantastic and fantastically volatile
price growth since around March 2009, growing about 60%, like equities, to date. The global 'real economy' trails far behind, with perhaps 2% or 3% growth in the same period, and much less inside the OECD. Is a sharp correction in view, and if it comes, will it be commodities or equites that shrink fastest ? Roubini tends to think both will drop.
Friday, November 06, 2009
The Technical Alignment of Gold / Commodities / Gold & Silver 2009
By: Seven_Days_Ahead
The Macro Trader’s view:
Gold rallied hard on Tuesday and again on Wednesday, after India announced it had purchased $6.9B worth of Gold Bullion from the IMF, approximately half of the IMF’s annual sales.
Friday, November 06, 2009
Natural Gas Pullback, a Temporary Affair? / Commodities / Natural Gas
By: Seven_Days_Ahead
An impressive rally from a September low point has halted medium term bears in their tracks. And in the process an interesting reversal signal has been seen on the longer term continuation chart. The current pullback could prove temporary…
Friday, November 06, 2009
Crude Oil Classic Bullish Continuation Pattern / Commodities / Crude Oil
By: INO
I was just looking at the charts and they are beginning to look very, very bullish. The formation I show you in today's video is a classic continuation pattern to the upside. This pattern also confirms a Fibonacci target number we are looking at.
Friday, November 06, 2009
Gold Gains 5% on Week to New All Time High of $1095 / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD rose sharply from a fresh all-time Gold Fix of $1095 per ounce in London on Friday after new data put US unemployment at a 26-year high of 10.2% in October.
Average hourly wages improved – up 0.3% month-on-month – but the average working week held at 33.0 hours.
Friday, November 06, 2009
Gold Closes In on $1,100 as Markets Wait for U.S. Employment Report / Commodities / Gold & Silver 2009
By: GoldCore
Gold held firm overnight and traded between $1,088 and 1,090 which was higher than the previous night’s trading. On the back of last night’s performance has shifted upwards this morning and is currently trading at $1,095 /oz. In EURO and GBP Terms Gold is trading at €735/oz and £659/oz respectively.
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Friday, November 06, 2009
India Buying 200 Tons of Gold, What does it Mean? / Commodities / Gold & Silver 2009
By: Michael_S_Rozeff
India’s central bank, Reserve Bank of India, announced on Nov. 2, 2009 a purchase of gold from the International Monetary Fund (IMF):
Read full article... Read full article..."The Reserve Bank of India (RBI) has concluded the purchase of 200 metric tonnes of gold from the International Monetary Fund (IMF), under the IMF’s limited gold sales programme. This was done as part of the Reserve Bank’s foreign exchange reserves management operations. The purchase was an official sector off-market transaction and was executed over a two week period during October 19–30, 2009 at market based prices."
Friday, November 06, 2009
Events Shaping the Gold Price and Gold Mining / Commodities / Gold & Silver 2009
By: Miles_Banner
There were those last week who mentioned a word of caution. A caution about a gold price bubble!! If gold were a person he’d start to feel dizzy by his extraordinary growth. In fact he’d have felt dizzy since 2001, when this bull market started. But we can’t help but think that many analysts and economists all missed the credit crunch. What’s to stop us all from miss interpreting this bull market in gold? Could this be a bubble?
Friday, November 06, 2009
The Role of Gold in the World Monetary System / Commodities / Gold & Silver 2009
By: Matthias_Chang
What Is India and China Doing That Malaysia Has Neglected To Do?
On 27th August 2009 I wrote an article, “An Appeal To Malaysia’s Prime Minister ***** Finance Minister – Re-Examine the Country’s Strategy For Foreign Reserves”, to urge our Prime Minister to examine the critical need to diversify our foreign reserves, specifically to increase our holdings of gold.
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Thursday, November 05, 2009
Gold Market Reaching The Breaking Point / Commodities / Gold & Silver 2009
By: Eric_deCarbonnel
Back in January, I wrote about the significance of gold breaking above $1000 again.
Gold - Rising demand for physical gold is a threat to the dollar because it signals a growing loss of confidence in the paper currency. It is also key to understand that gold prices aren't rising because of the changing fundamentals of gold, but because of the changing fundamentals of the dollar. In other words, gold isn't rallying, THE DOLLAR IS FALLING.
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Thursday, November 05, 2009
Silver, The Past Decade / Commodities / Gold & Silver 2009
By: David_Morgan
Ellis Martin: Today we’re joined by the silver guru, David Morgan of The Morgan Report. His Web site is silver-investor.com. Mr. Morgan is one of the world’s preeminent world experts, not just in silver, gold, and precious metals, but related issues in the mining sector. David is also an author, having penned the book Get the Skinny on Silver Investing. He’s a teacher, lecturer, and world traveler. David, welcome back to The Opportunity Show. Can you tell us, please—how has the precious metals markets, the sector, changed in the last five to ten years?
Thursday, November 05, 2009
Ryan Davies Finds Hot Technology Produces Solar Power for Half the Price / Commodities / Renewable Energy
By: The_Energy_Report
A shining example of using the sun's energy to heat, cool and light the homes and businesses of a desert community in California is poised to power up next year. It's due in part to the emergence of a technology that uses refraction rather than reflection to produce solar power on a utility-size scale at half the price of photovoltaic technology. But major credit also goes to the pioneering efforts of REDCO, a privately held company, which Ryan Davies established last year to unite free-market concepts with sound environmental policy.
Thursday, November 05, 2009
Crude Oil Pauses Before the Next Move Up / Commodities / Crude Oil
By: Mike_Paulenoff
If a new, powerful upleg in the US Oil Fund ETF (NYSE: USO) started at the 9/25 low at 33.45, the pattern carved out since exhibits a structure that is incomplete to the upside. Although the major upside thrust occurred into the Oct 21 high at 41.92, the 9-trading session pullback into Tuesday’s pivot low at 39.13 represents the conclusion of a correction within the larger incomplete upleg that projects to 43.00-44.00 in the upcoming hours/days.
Thursday, November 05, 2009
Gold's Last Hurrah? / Commodities / Gold & Silver 2009
By: J_Derek_Blain
Although we haven't added to our gold position in some months at Investophoria, it's still fun to watch.
Gold Bugs are one-of-a-kind type people. When they are right, they are right. When they are wrong, they will be right. And here's the funny thing. Although most of the outside investing world goes through periods of scoffing (think late 1990's to early 2000's), to periods where telling someone "gold is going down" gets you looked at like you are some amorphous blob of alien goo that ejected itself from a UFO exhaust, they hold true to their gold-buggery through the high times and the low times. Gold bugs are one of the rare breed of individual who never lets go.
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Thursday, November 05, 2009
Barrick Gold Earnings Report Doesn’t Add Up / Commodities / Gold & Silver 2009
By: John_Handbury
Canada’s news may not always get in the limelight, but yesterday’s earnings report from Barrick Gold struck home with me. It just doesn’t seem to add up.
Barrick Gold, the world’s biggest gold company, undertook a strategy to hedge on its gold production by locking in on future gold prices.
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Thursday, November 05, 2009
US Interest Rates to Remain Exremely Low for an Extended Period of Time / Commodities / Gold & Silver 2009
By: GoldCore
Gold dipped slightly overnight but found support at $1,084/oz in the early hours of this morning. It has since recovered and is currently trading at $1,090/oz. In EUR and GBP terms gold is trading at €735/oz and £659/oz respectively.Read full article... Read full article...
Thursday, November 05, 2009
Gold Targets $1100 as Beijing Insider Says China Can't Buy Enough Gold / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD in wholesale 400-ounce form held steady Thursday morning in London as world stock markets slipped.
Trading near $1090 and €735 an ounce for US and Eurozone investors, gold was up 4.3% and 3.5% respectively for the week so far.