Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, November 09, 2009
Compound Your Way To Wealth With Commodity Tradin / Commodities / Commodities Trading
I have had countless conversations with investors and even institutional investors that do not believe that commodity trading and trend following can compound ones money to wealth. Besides the fact that only trend following and commodity trading are the most liquid, the most transparent and most highly regulated industries the common belief commodity trading is risky. Well the truth is, everything is risky. Even staying in cash these days is risky.
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Monday, November 09, 2009
Marc Faber Says Gold May Drop to $800 / Commodities / Gold & Silver 2009
Marc Faber the Swiss fund manager and Gloom Boom & Doom editor said he has some short-term concerns about commodity prices including gold. He is also reluctant to invest in bonds.
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Monday, November 09, 2009
Big Profits Still in Gold? / Commodities / Gold & Silver 2009
On November 4, gold pulled back to $1025, and that was the turn. It gained 75 points over the next 6 days, including a 30 day whopper when India bought 200 tonnes of gold from the IMF. On Friday, $1100 was breached (interday on the Comex, Dec. future).
Is it too late to become a gold bug? Are you one of those who did not listen to the one-handed economist? Worse, did you fly to “safety” in the U.S. dollar? Are you thinking, “Is it too late to buy?” The answer is in the chart above.
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Monday, November 09, 2009
Commodity Report for Gold, Silver, Crude Oil and Natural Gas / Commodities / Commodities Trading
Everyone is talking about commodities as the place to be in the coming months. I tend to agree, but it is still important to know where each commodity is trading to maximize returns and reduce risk.
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Sunday, November 08, 2009
Silver Overhanging Supply Preventing Breakout Higher / Commodities / Gold & Silver 2009
Whereas gold has forged ahead to new highs in recent weeks, silver has got bogged down working off overhanging supply, which is the price it is paying for having dropped like a rock last year, so that even though it has risen proportionally more than gold this year, it had so much ground to make up that it still hasn't broken out to new highs.
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Sunday, November 08, 2009
Gold Bull Market Target Revised Higher to $1400 / Commodities / Gold & Silver 2009
Last week gold's major new uptrend became established when following a successful test of support at the breakout point it advanced to new highs, indifferent to temporary dollar strength. The new uptrend is expected to be at least of similar magnitude and duration to the great uptrends of 2005 - 2006 and 2007 - 2008 and if it is we are looking at very significant gains over the intermediate-term, which is certainly suggested by the recent powerful breakouts of many junior mining stocks.
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Friday, November 06, 2009
U.S. Dollar Tops, while Precious Metal Stocks Bottom / Commodities / Gold & Silver Stocks
There’s More to Seasonality Than Summer Doldrums - This has surely been an exciting week for gold and silver investors. The post-Halloween rally that I mentioned in the previous Premium Update, took metals and corresponding stocks substantially higher, and gold itself reached new highs – at least in nominal terms. The mainstream media are now reporting gold-related stories on a big scale and „gold prices“ is the second most often searched for phrase on http://finance.yahoo.com.
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Friday, November 06, 2009
Will Russia Really Sell Gold or Keep Buying? / Commodities / Gold & Silver 2009
Russia’s central bank has bought 180 tonnes since June 2006 and another Russian Agency holds off selling 50 tonnes. What’s going on?
It takes a long time to buy useful quantities of gold in the ‘open’ market. It has taken Russia over 3 years to buy 180 tonnes there. We imagine that they set price limits on their buying. This meant they bought more in one month than in the next, as the gold came onto the market. There is no reason to believe that that policy has changed.
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Friday, November 06, 2009
Gold New Global All Time Highs Across Top 10 Currencies / Commodities / Gold & Silver 2009
The official bid for gold, let alone private-sector demand, looks likely to hold strong...
GOLD didn't only break new Dollar highs this week.
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Friday, November 06, 2009
Gold Breaks $1,100 New High / Commodities / Gold & Silver 2009
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
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
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.
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Friday, November 06, 2009
Jim Rogers Vs Nouriel Roubini, Can The Commodities Boom Survive? / Commodities / Investing 2009
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.
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Friday, November 06, 2009
The Technical Alignment of Gold / Commodities / Gold & Silver 2009
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
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…
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Friday, November 06, 2009
Crude Oil Classic Bullish Continuation Pattern / Commodities / Crude Oil
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.
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Friday, November 06, 2009
Gold Gains 5% on Week to New All Time High of $1095 / Commodities / Gold & Silver 2009
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
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
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
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?
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