Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, October 27, 2009
Forecasting a U.S. Dollar Rally and Gold Downtrend / Commodities / Gold & Silver 2009
The dollar's not going to go straight down, according to Steve Palmer, president and CEO of AlphaNorth Asset Management:"I'm expecting the U.S. dollar to rally in the short term and gold to sell off." Forecasting a bit of a pullback in the next month or so followed by another rally before year's end, Steve also explains his 'bigger bang for your buck' penchant for exploration stories in this exclusive interview with The Gold Report.
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Tuesday, October 27, 2009
Gold Falls as U.S. Dollar Rises, But Are These Moves Significant? / Commodities / Gold & Silver 2009
Precious metals moved lower this week, which was accompanied by a decline in the general stock market and a small rally in the USD Index. The situation in the main stock indices is still rather unclear, so this week I would like to point your attention to the U.S. Dollar as it provides clues invaluable to anyone involved in the precious metals sector. After all, there is a clearly visible negative correlation between USD Index and gold, silver and PM stocks.
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Tuesday, October 27, 2009
The Gold Price and non-U.S. $ Gold prices / Commodities / Gold & Silver 2009
While the rise in the $ price of gold has been sound, without being spectacular [the rise of late has only been around 10% over the average of the last 18 months], it has barely moved in many currencies.
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Tuesday, October 27, 2009
Gold $2,000 Based on Banking System Zero Discount Valuation / Commodities / Gold & Silver 2009
The U.S. banking system has many banks with large amounts of bad loans on their books. How do these bad loans affect the value of the dollar and gold? Specifically, how do they affect the Zero Discount Value (ZDV) of gold?
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Tuesday, October 27, 2009
Gold Falls as Bank of England Fears Nutters More than Inflation / Commodities / Gold & Silver 2009
WHOLESALE GOLD dropped to a 3-week low as Asian stock markets fell hard early Tuesday, twice bouncing from $1037 an ounce as the US Dollar rose on the forex market.
Crude oil held at $78 per barrel while European share ticked higher in morning trade. Government bonds also rose, pushing interest rates down.
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Tuesday, October 27, 2009
Gold Bull Market, First the Slaughter and then the Feast / Commodities / Gold & Silver 2009
In spite of all the hype or perhaps because of it the “Golden Bull” is about to be slaughtered. Once death is assumed, resurrection will take place and the true feast will begin!
“Far more common, however, is the variety called an expanded flat, which contains a price extreme beyond that of the preceding impulse wave. In expanded flats, wave B of the 3-3-5 pattern terminates beyond the starting level of wave A, and wave C ends more substantially beyond the ending level of wave A.” E. W. P. expanded flat
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Tuesday, October 27, 2009
Gold Falls Despite U.S. Dollar Wobble on Chinese Currency Diversification Concerns / Commodities / Gold & Silver 2009
Gold closed trading at $1,039.80/oz In euro and GBP terms gold is trading at €699/oz and £635/oz. Support for Gold is currently seen at $1,030/oz and resistance at $1,053/oz.
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Tuesday, October 27, 2009
Gold, India’s Capital Asset through History / Commodities / Gold & Silver 2009
India's obsession with gold is well known around the world. To most Western commentators, this obsession seems irrational, and Indian people seem like incurable gold bugs.
However, on closer examination, gold ownership in India is neither excessive nor irrational. In fact, when religious, cultural, and historical perspectives are considered, India's appetite for gold seems rather matter of fact indeed. Nonetheless, it is not lost on any Indian worth his or her salt that gold is the asset that best protects wealth and freedom.
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Tuesday, October 27, 2009
Gold Trading, Playing the Moving Average and Momentum Ratios / Commodities / Gold & Silver 2009
For those enamored of the current bullish moves in the Gold market, there’s still plenty of reason the believe that the yellow Gold bus has more than enough gas in its tank to make the trip up to the next important Fibonacci extension ratio without too much difficulty.
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Monday, October 26, 2009
Gold in the Early Stages of Breaking Out in Multiple Currencies / Commodities / Gold & Silver 2009
October 2009 has developed into a truly glorious month. For the first time in history the average monthly price for US$Gold will exceed $1,000. Certainly all are celebrating such a wonderful event. Perhaps the most important aspect of this remarkable event is that the purveyors of price suppression and manipulation theories can now turn off the lights in their caves. Reality has crushed their misconceptions. If an $800 bull market is price suppression, give me some more!
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Monday, October 26, 2009
Watching the U.S. Dollar versus Gold / Commodities / Gold & Silver 2009
One of the key market relationships we’re watching is the dollar and gold. If the dollar turns up in a big way and sustains the gains into the close, then tomorrow could be a very dangerous session for equities.
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Monday, October 26, 2009
Introducing the New Gold and Silver Companies Index (GSCI) / Commodities / Gold & Silver Stocks
To meet the growing needs of investors interested in investing in the broader, yet small-, micro- and nano-cap skewed, precious metals mining sector (i.e. the ‘juniors’) 4 new indices have come on the scene lately to wide acclaim. They are the Gold and Silver Companies Index (GSCI) and the Precious Metals Warrants Index (PMWI) and 2 all encompassing commodity-related company indices (i.e. also including commodities other than just gold and silver) the Commodity Companies Index (CCI) and the Commodity Warrants Index (CWI).
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Monday, October 26, 2009
The CRB Index, One Inflation Indicator The Government Can't Ignore / Commodities / CRB Index
Here's One Indicator The Government Can't Ignore
There is an indicator which has been around since 1957. It has accurately forecasted every inflationary and deflationary cycle since.
Monday, October 26, 2009
Gold Follows Stocks By Giving Back Early Gain / Commodities / Gold & Silver 2009
THE PRICE OF GOLD gave back early gains in London on Monday, dipping below last week's all-time record finish versus the Dollar as European stock markets also gave back an early 1% rise.
Asian trading was light, with Hong Kong closed for a holiday.
Monday, October 26, 2009
Gold Progress & Stages of Public Interest / Commodities / Gold & Silver 2009
I received some great feedback this week that really got me thinking in a different direction other than analysis of gold, markets, economic news and gold stocks. I posted an article late last week titled Gold IS and this covered how I see gold as the only viable asset class and investment game in town. The feedback related to investor perceptions on the subject of gold investment.
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Monday, October 26, 2009
Commodities Are on the Move / Commodities / Commodities Trading
Gold is now safely above the $1,000 mark, and there are two aspects to this, one good, one bad. The good aspect is that $1,000 is now a floor (whereas from March 2008 to Sept. 2009 it acted as a ceiling). The bad aspect is that we are now vulnerable t to a pull back to $1,000., and we need to be on guard for this possibility. Pull backs to support are tricky and come when least expected. The decline in gold to $680 just a year ago was a decline to the support defined by the giant symmetrical triangle of 2006-07. The support was at the apex of the triangle, which was precisely $680 (on the semi-log chart).
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Monday, October 26, 2009
Gold Stocks Short-term Consolidation as Silver Continues to Outperform / Commodities / Gold & Silver 2009
The gold stocks, as represented by the GDX index, lost 3.48% for the week, to close at 46.69. Last week's report had the following to say on GDX:
Presently, GDX is testing support at 48. If this level does not hold, the index will most likely fill the open gap (blue horizontal arrow). More significant support resides further below at 45, followed by intermediate term support at the yellow band.
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Monday, October 26, 2009
Gold Calls the World Bankers’ Bluffs / Commodities / Gold & Silver 2009
In Friday’s essay we discussed the frightening chart of the US dollar index. In particular we focused on the manner in which the Dollar has broken critical support (76) and is on its way to its all time low of 72. Below that… and we’re in uncharted territory.
Long-time readers know that I’m no fan of Ben Bernanke. But Bailout Ben is in no way unique in his thinking (though he has managed to spend more money than WWI, WWII, and the New Deal combined).
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Sunday, October 25, 2009
Realistic Shot at Making 200% in the Canadian Oil Sands / Commodities / Crude Oil
Despite what most people believe, investing in oil is actually simple, easy, and capable of building a lifetime of wealth.
All you need is this four-step plan: 1) Buy an established, well-run oil producer like ExxonMobil or ConocoPhillips. 2) Hold it for years and collect dividends. 3) Always reinvest those dividends. 4) Get rich.
Sunday, October 25, 2009
Gold Topping Action Continues / Commodities / Gold & Silver 2009
The gold topping activity continues with the price moving sideways while momentum keeps getting weaker and weaker. Something’s bound to break soon, will it be up or down? I hate to say it but at this point my money is on the down side, but will change fast should gold close above the $1075 mark.
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