Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, September 15, 2009
Gold Long-Term Case Builds on Inflation and U.S. Dollar Fears / Commodities / Gold & Silver 2009
THE PRICE OF GOLD held in a tight range just below $1,000 an ounce in Asian and early London trade on Tuesday, while global equities, bonds and raw materials also held flat.
Only the British Pound moved sharply on the forex market, falling to a 5-session low vs. the Dollar on stronger-than-expected UK inflation data.
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Tuesday, September 15, 2009
Australian Gold Stocks, Diary of a Short-Term Trade & Fundamental Application / Commodities / Gold & Silver Stocks
Introduction - This article is for traders and investors (non traders) alike. Readers that know my work know that I use technical indicators for exit and entry points, however only after I like the fundamental picture in a stock or commodity.
My GoldOz Members received access to an educational file analyzing the stock at the centre of the illustration trade in this report a few weeks back. Members also would have seen the obvious parallel I used when comparing this company to one other stock which also went up nearly 50% since I posted that report.
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Tuesday, September 15, 2009
Gold Shares and Warrants, The Leverage Factor / Commodities / Gold & Silver Stocks
Investors the world over are constantly evaluating the leverage, risk and potential rewards of their investment decisions. Whether you are an individual investor or an analyst for a large mutual fund, leverage, risk and the pot of gold at the end of the rainbow are always factors to be considered.
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Tuesday, September 15, 2009
Financial System Remains Vulnerable One Year After Lehman Brothers Collapse / Commodities / Gold & Silver 2009
Gold is continuing to knock on the $1000/oz door without making a concerted effort either way to test resistance or support. Although there does not seem to be any particular pressure from profit taking, gold needs to push above $1,012/oz in the short term and $1,020/oz in the longer term for the upward momentum to be regained.
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Tuesday, September 15, 2009
U.S. Dollar Apocalypse Not Yet?, Gold and Silver Trend Update / Commodities / Gold & Silver 2009
The recent move in gold and silver may be an important top and the corresponding decline in the US Dollar may be a bottom in the making. On the other hand...
TIME IS UP! A DECISIVE MOVE IS COMING SOON
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Tuesday, September 15, 2009
Precious Metals Bull Market, Stick to These Gold Stocks for Safety and Profits / Commodities / Gold & Silver 2009
The precious metals bull market is in full swing.
The gains in precious metals have been slow and solid. There are bouts of euphoric urgency and small corrections all along an upward trend. Those are the signs of a true bull market.
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Tuesday, September 15, 2009
Gold Overbought as New U.S. Debt Issuance Hitting Congress Limits / Commodities / Gold & Silver 2009
Well, the U.S. has another debt problem in the making. This one has been visited before on a regular basis. The U.S. is running out of the ability to issue new debt. So much debt has been issued that the U.S. is bumping up against the statutory debt limit, which is set by Congress. That limit, now don't laugh, was intended to keep the U.S. government from being a runaway debt machine.
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Monday, September 14, 2009
Gold and Silver Breakout, You Don’t Mess With The Zohan / Commodities / Gold & Silver 2009
You Don’t Mess With The Zohan is the title of a funny flick starring Adam Sandler from which I will borrow a sentiment that should apply to the breakouts in precious metals yesterday. And that is normally you don’t mess with breakouts like this, however in knowing gold and silver continue to be in play via our self-serving bureaucracy / price managers, paranoid as this may sound, I wouldn’t be surprised for a minute if these characters attempt to scuttle the rallies in coming weeks. After all, the dollar ($) is very oversold and susceptible to a correction higher, which is the primary source of concern here. So if it was my job to fix precious metals prices, in knowing they must be let loose at times to build up paper market related speculative excesses, what I would do is allow this to happen at a time just like this, one where it’s thought prices will be held back by the natural drag of seasonal weakness in the stock market.
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Monday, September 14, 2009
Gold Falls Below $1,000 as U.S. Dollar Bounces / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped below $1,000 an ounce early Monday in London dealing, slipping 1% from last week's record New York close as the US Dollar bounced on the currency markets and all other asset classes – including government bonds – ticked lower together.
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Monday, September 14, 2009
U.S. Dollar Bounce Knocks Gold Back Below $1000 / Commodities / Gold & Silver 2009
A bounce in the dollar has pulled gold back from its overnight high of $1009/oz. Gold's inability to sustain a robust move through the psychological $1000/oz barrier has seen a further period of profit taking. The next significant points in either direction for gold, will be support at $990/oz and a close above $1,012/oz. The higher figure will regain the trust of investors that gold can challenge the March 2008 highs of $1,033/oz.
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Monday, September 14, 2009
Gold Price Continues to Underperform Other Gold-Related Assets / Commodities / Gold & Silver 2009
In spite of the excessive, in-your-face, rhetoric in the hundreds, if not thousands, of newspaper and on-line articles this past week on gold bullion it does not warrant the hype - at least not yet. All one has to do is examine the performance of gold relative to the broad stock market indices and the various commodity-related indices to see that its rise above $1000/oz. is not really that impressive. Don’t get me wrong, I think gold has a very bright future but what has happened over the past week, other than the fact that it is closing in on its all-time high, pales in comparison to all other associated precious metals investment vehicles. Frankly, gold is a laggard, any way one looks at it, as the table below so clearly illustrates:
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Monday, September 14, 2009
Gold $1,000 New Floor or Old Ceiling? / Commodities / Gold & Silver 2009
This week gold finally touched $1,000 (as indicated one of the previous essays) so without further ado, we will get right to the charts. Let’s begin with the chart (courtesy of http://stockcharts.com) that features gold in other currencies than the U.S. Dollar.
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Sunday, September 13, 2009
Silver Breakout Could be False / Commodities / Gold & Silver 2009
Human beings have a tendency to forget pain once it has passed, which is of course a good thing, but it is perhaps not so fortunate for many silver traders that they seem to repeatedly forget that silver has a marked tendency to drop much faster than it rises. Over the past couple of weeks silver has risen sharply into the zone of resistance shown on our 3-year chart as investors became excited about the prospects for a gold breakout to new highs, in the process becoming very overbought - critically overbought on its RSI indicator, factors which by themselves give grounds for caution.
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Sunday, September 13, 2009
COT Report Increasingly Bearish for Gold / Commodities / Gold & Silver 2009
Investors will much more readily forgive a market commentator who is bullish and wrong than one who is bearish and wrong. This explains why, with gold tantalizingly close to breaking out to new highs, bearish or cautious articles on the yellow metal are few and far between. Amongst the bullish commentaries we have Jim Willie’s "13 reasons for major Gold Breakout" and the "A light goes on in Russell's brain" by the venerable Richard Russell.
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Sunday, September 13, 2009
Gold Breaks Out Triggers Multiple Time Frame Buy Signals / Commodities / Gold & Silver 2009
Gold is back in the spot light as it flirts with the $1000 per ounce level. This closely watched commodity looks as thought it will rocket higher because of the multiple trading time frames indicating breakouts.
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Sunday, September 13, 2009
Bye, Bye to American Heritage / Commodities / Gold & Silver 2009
The definition of our American Heritage is simply the handing down from generation to generation a tradition of freedom and self sufficiency. Of course, as we all know, those days are receding rapidly.
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Sunday, September 13, 2009
Gold Double, Triple Top or New Bull Run? / Commodities / Gold & Silver 2009
A dull week until Friday, when gold moved to within striking distance of all time highs. But something tells me that it might not make it this time. New highs may have to wait, again. I hope I’m wrong.
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Sunday, September 13, 2009
Gold Warning, Risk of 50% Retracement to $650 / Commodities / Gold & Silver 2009
“The Concept of Probability in the Mathematical Representation of Reality” by Hans Reichenbach
"Real mathematics is not crunching numbers but contemplating them - and the mystery of their connections." ---Charles Krauthammer, Pulitzer Prize winning essayist
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Sunday, September 13, 2009
Gold and Silver Precious Metals Analysis / Commodities / Gold & Silver 2009
Precious Metals - A few weeks ago I mentioned that palladium was breaking out to new highs for the year, and that its move was a good sign for the other metals, which would likely follow its lead. Platinum jumped in line this week and made a new high for the year. The weekly charts show platinum and palladium well off their all-time highs, while gold is knocking on the door to set new all-time highs.
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Sunday, September 13, 2009
China's Growing Impact on the Global Gold Market / Commodities / Gold & Silver 2009
There is little doubt that China nowadays has the financial muscle to effectively control the global gold price. The mere sniff of a report that it is taking gold into its official reserves to counteract dollar decline is sufficient to, at the least, stabilise the gold price - and there seems to be little doubt that it is so doing, but at the moment in a manner that is not designed to de-stabilise the dollar or, on the other hand, not to contribute to a quantum leap in the yellow metal's valuation - yet.
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