Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, October 04, 2009
Gold and Silver Quick Consolidation or Serious Breakdown? / Commodities / Gold & Silver 2009
In my previous essay, I commented i.a. on the situation in the U.S. Dollar. I wrote the following:
There are several factors that make me think that we may move a little higher - above 77 but not higher than the 78 level. The declining trend line (thick blue line) provides a solid resistance right now, and it has not been reached yet. Moreover, the breakdown below December 2009 low has not been verified yet, and a brief move higher from here would verify it.
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Sunday, October 04, 2009
Gold Needs to Hold Important Support / Commodities / Gold & Silver 2009
Gold - Gold had a good week, gaining $12.10 (+1.22%) to close at $1003.00 for a weekly gain of +1.22%. So far this year gold is up 13.7%.
The daily chart below shows GLD testing its recent breakout above the June high, as marked by the dotted horizontal support line. Gold has already tested this level previously and bounced higher.
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Sunday, October 04, 2009
Gold Long-term Rating Remains Bullish / Commodities / Gold & Silver 2009
So, the 2016 SUMMER Olympics will be held in WINTER. Do I have that right? On the other hand I guess it’s summer all year round in Rio. Nothing helped the precious metals market this week. Maybe we’ll see more movement this coming week.
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Sunday, October 04, 2009
Gold Price Forecast October 2009 Update / Commodities / Gold & Silver 2009
There was financial life before the 2008 meltdown……….and there is going to be life after the 2008 meltdown. It is the most significant event in modern day financial history as far as the total effect and financial drawdown that it has unleashed. It’s a shock wave and repercussion that stems from the August 1971 removal of the United States Dollar from the gold standard by Richard M Nixon. If you have time I urge you to watch the broadcast from that evening. You can Google it. It’s worth the listen, especially listening to Nixon telling the American people that this is being done for their sake and their well being. Telling us that it’s to make the nation competitive again (sic). To teach the dollar speculators a lesson proclaimed Nixon. Watching it now, I couldn’t help but ponder how naïve we must all have been to swallow that dialogue.
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Sunday, October 04, 2009
Russian Technology is Useless in Developing Worlds Largest Natural Gas Field / Commodities / Natural Gas
Russia does not possess several technologies required for the development of the Shtokman field – one of the world’s largest natural gas fields – in the Barents Sea. A number of works, including the building of deep-water pipeline, will most likely be conducted by foreign contractors, RIA Novosti news agency said with reference to Dmitry Dmitriyenko, the governor of the Murmansk region.
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Saturday, October 03, 2009
How to Skew the Odds in Your Favor in the Investment Game / Commodities / Gold & Silver Stocks
Well-known and highly regarded throughout the mining and exploration community, Mercenary Geologist Mickey Fulp knows stocks as well as rocks. When he's not poring over financial reports, drill results and commodity trends, he's out in the field checking properties of some of the companies he follows—whether the treks take him just below the U.S.-Mexican border, over to Haiti or all the way to Armenia. In this exclusive Gold Report interview, Mickey shares his thoughts about some of his favorites in the sector and reminds investors, "Do your own due diligence, dude."
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Saturday, October 03, 2009
Why All the Fuss Over Rare Earth Metals? / Commodities / Metals & Mining
Doug Hornig Senior Editor of Casey’s International Speculator writes: Rare earth elements (REEs) have been the mystery metals of the mining world for years. Now, suddenly, everyone’s heard about them.
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Friday, October 02, 2009
What Do Gold Price Fundamentals Say about the Future of Money? / Commodities / Gold & Silver 2009
The gold price is now holding just below $1,000 and consolidating. Why is it at a high point having fought to get there over the last 18 months or so? Since it first broke through the 30 year high of $850 it has held its ground. It has steadily built a base over $850 and is moving if it has not already moved to a clear Point of Resolution, where it will show itself as either having had its day or is at the beginning of a new day. Which way will it go? As many believe that it move the opposite way to the $, it is telling us that the $ is also at a Point of Resolution.
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Friday, October 02, 2009
New Upleg for Gold? / Commodities / Gold & Silver 2009
Gold -- and the SPDR Gold Shares (NYSE: GLD) -- has rocketed off of its lows, largely in reaction to the weaker dollar that emerged in the aftermath of the disappointing Jobs data -- and because Mr. Market senses that the Gov't may well have to pump additional substantial liquidity into the "economy" to avert another deflationary downward spiral...which is perceived to be bullish "eventually" for gold.
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Friday, October 02, 2009
Base Metals Stocks Bull Market / Commodities / Metals & Mining
The base metals markets have been some of the most exciting to trade in this commodities bull. From trough to peak, copper, zinc, nickel, lead, and aluminum have seen staggering gains of 575%, 537%, 1124%, 888%, and 163%! Naturally, gains of this magnitude have made the mining of these metals an incredibly lucrative business.
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Friday, October 02, 2009
Gold Drops with Stocks Hits Worst US Jobs Data in 26 Years / Commodities / Gold & Silver 2009
THE SPOT PRICE OF PHYSICAL GOLD fell hard in London on Friday, slipping to a three-day low of $989 per ounce after the United States reported its worst unemployment rate since June 1983.
Global stock markets had already sunk for the fourth session running, before the US Dollar rose further – adding to last night's two-week high – on news of 263,000 job losses in September.
Friday, October 02, 2009
Gold's Record Monthly Close Is Significant from a Technical Perspective / Commodities / Gold & Silver 2009
Gold is down slightly this morning but still continuing to knock on the door and consolidating near the psychological $1,000/oz mark. The gold market will probably be relatively quiet until the release of US non- farm payroll data this afternoon. Depending on the figures, which are expected to be quite poor, an aversion to risk should further bolster gold's appeal.
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Friday, October 02, 2009
Silver as Money? Give Me a Break! / Commodities / Gold & Silver 2009
Tom Jeffries of HoweStreet.com Interviews David Morgan of Silver-Investor.com.
Tom Jeffries: David Morgan is editor and publisher of The Morgan Report. Full disclosure: it is my favorite publication. David is one of the leading experts on silver in the world. The Web site is silver-investor.com. You get all the details about The Morgan Report.
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Thursday, October 01, 2009
Natural Gas UNG ETF Positive Price-Momentum Divergences, Seasonal Probabilities and a Potential ParaSar Buy Setup / Commodities / Natural Gas
Anyone who’s been following and/or trading the Natural Gas market for the past two years is well aware of the frightening moves that this volatile energy commodity is capable of, both up and down. And did it ever fall down, with UNG shedding a mind-shattering 86% of its peak value between July 2008 and early September 2009. Right now, however, UNG does appear to be making a strong recovery attempt, and several pieces of technical and fundamental data may prove useful to those seeking to determine the most probable direction for UNG to move in the next few months.
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Thursday, October 01, 2009
Gold is a Bargain At $1,000 / Commodities / Gold & Silver 2009
Despite a four-digit price tag, gold remains a relative bargain when a little perspective is applied.
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Thursday, October 01, 2009
Deep-Sea Crude Oil Reigns Supreme for Byron King / Commodities / Oil Companies
A highly regarded energy and resource sector expert who discusses his field fervently whenever possible and whose writings include the top-ranking Outstanding Investments, Byron King brings his views direct to The Energy Report audience in this exclusive interview. While Byron has not bought into the argument that the recession is behind us, he is absolutely sold on deepwater drilling and other plays that bode well for oil as long as the price stays above $70 a barrel. Meanwhile, he's hunting for new investment alternatives in the natural gas arena, and hoping to see the geothermal industry rebuild what he sees as its broken business model.
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Thursday, October 01, 2009
Gold Price Manipulation Game Has Changed, The Achilles Heel Exposed / Commodities / Gold & Silver 2009
In a discussion I had earlier this week with Dr. Jim Willie, we discussed how the prices of gold and silver have been arbitrarily managed for years. In this discussion, I contended that, while the prices of gold and silver have been closely managed, the growing “off-take” of physical bullion is inflicting great damage on price managers. We can see manifestations of this reality in that price corrections [sell-offs] are much shallower and shorter lived than they were even last year. Jim asked me if I could provide any “hard data” or minutia showing the amounts of physical metal being taken off the market in recent weeks.
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Thursday, October 01, 2009
China’s lack of gold reserves and its young gold mining industry / Commodities / Gold & Silver 2009
Over the last few weeks we’ve been paying more attention to China as it emerges from the East. There are three reasons why China poses such an interesting potential return of value for traders.
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Thursday, October 01, 2009
Crude Oil, Where is it all going to come from? / Commodities / Crude Oil
Themes: Oil, Kurdistan, Demand, China
Q-Max buyout is a shrewd move for Netcall
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Thursday, October 01, 2009
Gold Bid Back Above $1,000 Despite Dollar Rally / Commodities / Gold & Silver 2009
THE PRICE OF GOLD opened the fourth quarter of 2009 above $1000 an ounce on Thursday, holding onto yesterday's 1.5% gain as equities dropped worldwide and the US Dollar rose on the forex market.
Government bonds were flat. Crude oil retreated from Wednesday's jump above $70 per barrel.