Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, September 27, 2009
History of Elliott Wave Forecasts for Gold and Silver / Commodities / Gold & Silver 2009
Beware: Gold is setting itself up for "the buy of a lifetime." Only the resource we're about to share with you will help you prepare for it.
Do you invest in precious metals? Should you?
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Sunday, September 27, 2009
Gold and Silver 2009 Top Already Or Just a Local Top? / Commodities / Gold & Silver 2009
This week we have seen gold and silver move lower, just like I mentioned a week ago. Gold closed the week below $1000, and silver topped exactly in tune with the cycles that I mentioned in the previous essay. Where do we go from here and how fast? Let’s take a closer look on charts (courtesy of http://stockcharts.com) and see what may be waiting just around the corner.
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Sunday, September 27, 2009
The Next Big Move in Crude Oil / Commodities / Crude Oil
Jeff Clark writes: Oil's next move could be huge... and it could happen this week.
For the past two months, the price of oil has ping-ponged back and forth between $65 and $75 per barrel. By the look of the following chart, though, it's about to break out of that price range...
Sunday, September 27, 2009
Prepare for Panic Buying in the World's Most Despised Asset / Commodities / Gold & Silver 2009
Jeff Clark writes: Evolution takes a long time.
Scientists figure it took about 5 million years for Australopithecus to lift his shoulders, raise his head, and lose enough back hair to evolve into the modern man. Who knows what is in store for our species over the next 5 million years? The only certain thing is none of us will be around to see it.
Sunday, September 27, 2009
How to Tell if Gold is in a Bubble / Commodities / Gold & Silver 2009
When spot gold closed on September 11 in New York at $1,005.10, it was the highest price on record... though by the time you read this, it may have been surpassed.
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Sunday, September 27, 2009
Gold Stocks Caution Warranted / Commodities / Gold & Silver 2009
Gold was down -16.70 (-1.66%) to close at $990.90 on the continuous contract. The short term chart below shows gold’s recent breakout and pullback, as it sits perched on top of horizontal support.
As of now this appears to be a short term pull-back, but there is some evidence that something more could be underway. Gold needs to hold support here.
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Sunday, September 27, 2009
Gold Fails to Break to New Highs, What's It Waiting For? / Commodities / Gold & Silver 2009
The latest thrust didn’t quite make it into new all time high territory. What is it waiting for? Gaddafi talked, Ahmadinejad smiled, Chavez smelled, Obama whined and throughout it all Medvedev must have been smirking. What more is there to get gold screaming into new highs?
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Saturday, September 26, 2009
Gold to Usher in Brave New World / Commodities / Gold & Silver 2009
“You Lie!” - Looks like US politics are starting to heat up a bit.
The nation deserves a little excitement. Clinton was a lot of fun but George just seemed to put us all to sleep. The way both parties are going at it today you’d think this was Custer’s Last Stand. Maybe a better analogy is the Rubicon.
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Saturday, September 26, 2009
Gold the Asset Class of the Decade / Commodities / Gold & Silver 2009
In the end as an investor, it's all about the scoreboard. For those who aren't traders, allocation to the correct asset classes is critical to long-term returns. Following are the returns for the S&P 500, the U.S. Dollar (using the Dollar Index as a proxy), Commodities (using the Continuous Commodity Index [$CCI] as a proxy) and Gold.
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Saturday, September 26, 2009
Inflation Is Mortally Wounded And Rapidly Fading, Dump Gold? / Commodities / Gold & Silver 2009
It is my opinion that you should ignore all fundamental stories and statistics about runaway prices and hyperinflation at least for the next 8 to 12 months. Gold, silver, and their shares are in the process of being sliced, diced, baked, broiled, and slaughtered. A rare, very rare, opportunity to acquire gold, silver, and their shares at lower than bargain prices will arrive when the [C] leg down that I have been describing and writing about bottoms. This report presents quarterly logarithmic charts of gold, silver, the HUI, and the U. S. Dollar Index. If you are a trader and are familiar with and can handle the short selling process and its dangers you may reap a small fortune over the time span that the [C] leg process (down) requires to complete its work. Its work involves destroying overly enthusiastic precious metals bulls.
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Saturday, September 26, 2009
A Very Interesting Gold Price Chart / Commodities / Gold & Silver 2009
From a trader’s perspective, gold is currently pulling back from an overbought situation.
But the Point and Figure chart below has some intriguing implications.
Friday, September 25, 2009
Lithium Leading the Charge in Automotive and Electronics Batteries / Commodities / Metals & Mining
One of these days, pent-up demand for new cars and growing concern about the carbon footprint associated with driving vehicles powered by traditional internal combustion engines will fuel tremendous demand for lithium, a development sure to spark greater investor interest, as well. A staple in batteries for hybrids and all-electric vehicles on the road and on the drawing boards, lithium is becoming a darling among hot commodities. As one of the few of his ilk on the planet, Jon Hykawy is also in considerable demand these days. The Gold Report caught up with Jon in Buenos Aires, where he—as Byron Capital Markets' recently appointed lithium analyst—is checking out facilities in Argentina, the world's second-largest (behind Chile) lithium-producing country, to talk about his favorite subject.
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Friday, September 25, 2009
The I.M.F. and Central Banks are Going to Support Gold! / Commodities / Gold & Silver 2009
As an almost revered subject, the question of whether central banks across the world will be buyers or sellers of gold is one usually left until after the event. Central Banks themselves are usually very unhappy to talk about their gold policy. When they do it is a once-in-several-years-event. As a result we watch the behavior patterns of the last decade to see what lies ahead.
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Friday, September 25, 2009
Copper Panic and Recovery / Commodities / Metals & Mining
Although copper is not the largest base-metal market (aluminum is way bigger), nor the most valuable of the primary base metals (nickel is worth several times more per pound), it is still arguably the most important base metal. As the base metal of choice for investors and speculators, copper’s price offers great insights into how traders view the global economic outlook.
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Friday, September 25, 2009
Gold Forecast 2009, It's All Falling Into Place / Commodities / Gold & Silver 2009
You may have watched my earlier video on the gold cycles and how important they are in this particular market, at this particular time. Today's action is indicative of the cycle that we were talking about in the video as it's pushing gold prices down into a cyclic time window.
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Friday, September 25, 2009
EUA Carbon Emissions Trading, How Far for the Bears? / Commodities / Commodities Trading
Since we introduced the EUA contract to the Commodity Specialist Guide in July the market has been recovering towards its May peak of 16.00. However, recently a clear break of uptrend has favoured the bears, but key support may not be far off.
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Friday, September 25, 2009
Gold Break Below $1,000 Finds Support at $990 / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked higher early in Asian and London trade on Friday, briefly reaching $999 but remaining 1.3% below last week's finish after suffering its worst daily drop in three months.
Asian stock markets closed lower as European shares held flat – pegging the German Dax almost 2% down for the week.
Friday, September 25, 2009
China Voices U.S. Dollar Concerns at G20 Summit in Pittsburgh / Commodities / Gold & Silver 2009
Gold fell yesterday on technical driven profit taking and is currently trading at $996.75/oz. It traded in a range overnight of $991-$999/oz. Support is now at $990/oz and resistance is at the recent high at $1,024/oz. All eyes are on the G20 summit in Pittsburgh and trading is likely to be cautious prior to the meeting. The dollar fell this morning after a draft communiqué from the G20 suggesting that interest rates, including those in the United States, would remain low for the foreseeable future.
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Thursday, September 24, 2009
Gold Corrects Following Fed Statement as British Pound Sinks / Commodities / Gold & Silver 2009
THE PRICE OF GOLD bounced 0.8% from its third dip to $1007 in two days early Thursday in London, while world stock markets fell and government bond prices rose.
Commodities slipped 0.5% on the Reuters-Jeffries CRB index. The US Dollar held near 12-month lows on the currency market after the Federal Reserve voted Wednesday to keep its key interest rate at zero.
Wednesday, September 23, 2009
Gold, The Most Important Chart You Will See! / Commodities / Gold & Silver 2009
A chart is like a photograph. It locks in ‘the activity’ right up to the last moment. A chart is a reflection of the actions of multiple humans interacting in the marketplace. Since humans tend to act in ‘herd-like’ manner, reacting to the news they hear, read and see, a chart has a certain amount of predictive energy while it reflects the past.
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