Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Friday, September 04, 2009

Brazil Reactions to a Proposed Energy Law / Commodities / Energy Resources

By: STRATFOR

Brazilian President Luiz Inacio Lula da Silva submitted a proposal for a new oil law to the country's legislature. The proposal favors state-run energy company Petroleo Brasileiro SA (Petrobras) and shows that Brazil intends to protect its national interests when it comes to deepwater oil exploration and development.

Thursday, September 03, 2009

BP's 'Giant' Oil Discovery Gives the Gulf of Mexico New Life / Commodities / Oil Companies

By: Money_Morning

Jason Simpson writes: BP PLC (NYSE ADR: BP) yesterday (Wednesday) announced a "giant" oil discovery in the Gulf of Mexico that may contain more than 3 billion barrels of oil. The find is evidence of the Gulf's resurrection as a major oil producer, as well as the great lengths - or depths - to which major oil companies must go to find vibrant wells.

Thursday, September 03, 2009

Gold Jumps Without U.S. Dollar Drop, Separation Before Liftoff / Commodities / Gold & Silver 2009

By: Jim_Willie_CB

The latest development in the gold world is highly favorable. Summarize by saying from the rooftops that GOLD LEADS THE CURRENCIES in price movement. Gold is not only a metal, but the most important of currencies, whose importance will soon be confirmed on a worldwide basis. The enlightened realize that if gold had been a core to the banking systems, and to the currency systems, that the entire bank credit crisis would not have occurred. The dimwitted that dominate the landscape still utter nonsense about gold, only to have their prattle squelched and overrun, as it seems so tiresome and vacant anymore.

Thursday, September 03, 2009

Add-On Zones for Gold GLD ETF / Commodities / Gold & Silver 2009

By: Mike_Paulenoff

As we discussed with our subscribers yesterday, sometimes a thrust out of a large bullish coil triggers a multi-day vertical price move that does not allow anyone to buy a pullback – before it reaches a blow-off measured objective. In this case, the upside targets for the SPDR Gold Shares (NYSE: GLD) are 101 and then 105.

Thursday, September 03, 2009

Gold, Is this the move we have been waiting for? / Commodities / Gold & Silver 2009

By: INO

I believe the action in gold yesterday (Wednesday) should be looked at seriously as it pushes the gold market to its best level in almost 3 months.

Thursday, September 03, 2009

Cotton Pullback Risk Has Improved / Commodities / Commodities Trading

By: Seven_Days_Ahead

Cotton prices recently recovered almost 50% of their 2008 losses, with price action becoming choppier on the approach to this level. Signs of bull fatigue have started to show, but we must wait for more confirmation before becoming outright bears.

Thursday, September 03, 2009

Gold Jumps to Within 2% of 2009 High / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD touched new 3-month highs early Thursday against all major reserve currencies bar the Yen as stocks in emerging Asia rose but Tokyo shares fell.

European stocks held flat. Crude oil rose $1 per barrel, but remained 8% below last week's nine-month high of $75.

Thursday, September 03, 2009

Australian Gold Shares in Massive Break Out / Commodities / Gold & Silver Stocks

By: Neil_Charnock

We have been working at the subject of international participation in the Australian Gold Sector – a “how to” for offshore investors.   A file will be down loaded into our Gold Members subscription area within the next few days setting out the offshore Exchange Codes and methods to invest in this exciting gold sector from anywhere in the world.  

Thursday, September 03, 2009

Gold, Big Move Coming / Commodities / Gold & Silver 2009

By: Puru_Saxena

It looks as though the multi-month correction in precious metals is coming to an end and very soon, we are going to get a major move.  If the bull-market is still intact, then gold should break above US$1,000 per ounce within a few weeks.  However, if the price of gold fails to do this, we could see a sharp decline in bullion and precious metals mining stocks.  Put simply, if the price of gold fails to climb past US$1,000 per ounce and instead, it falls below US$920 per ounce, it will be a negative omen.  At that point, our suggestion would be to immediately sell precious metals and related stocks.

Thursday, September 03, 2009

Gold, Silver, Oil and Natural Gas Commodity Trading Report / Commodities / Gold & Silver 2009

By: Chris_Vermeulen

Another crazy week in commodities with precious metals and precious metal stocks surging higher on heavy volume, while natural gas and crude oil move lower. Money seems to be rotating out of energy and into precious metals.

Thursday, September 03, 2009

Gold is Still Money / Commodities / Gold & Silver 2009

By: EWI

By Robert Prechter, CMT

The following article is excerpted from a brand-new eBook on gold and silver published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. For the rest of this fascinating 40-page eBook, download it for free here.

Wednesday, September 02, 2009

Gold and China's Savings Glut, Galloping Consumption Part2 / Commodities / Gold & Silver 2009

By: Adrian_Ash

"Gold still has a strong financial nature and remains an indispensable investment tool..." - Dr. Zhou Xiaochuan, governor of the People's Bank of China, writing in the LBMA's Alchemist magazine, Nov. 2004

CHINA IS A FARAWAY COUNTRY of which we know little. The Isle of Wight, on the other hand, is a small island two miles off England's south coast where my mother-in-law lives.

Wednesday, September 02, 2009

David Morgan on the Junior Miners / Commodities / Gold & Silver 2009

By: John_Rubino

The precious metals juniors have had a nice pop in the past few months. But according to David Morgan, veteran silver analyst and publisher of The Morgan Report, the real fun is just beginning. We spoke recently about why the sector has a bright future and how to tell the real companies from the story stocks.

Wednesday, September 02, 2009

Gold Jumps vs. All Currencies on Job-Loss Economic Recovery Data / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD jumped 1% to a four-week high above $966 at the start of US trade on Wednesday, after the United States reported a sharp rise in productivity due to a 7% drop in the number of hours worked.

European stock markets added to Tuesday's sharp falls, with London's FTSE100 index hitting a nine-session low beneath 4,800.

Wednesday, September 02, 2009

Crude Oil Stalls Again Above $70 / Commodities / Crude Oil

By: LiveCharts

Oil continues to find a ceiling above the $70 per barrel price point as there has proven to be no major catalyst to push the price of the commodity above $75 in the near term. Benchmark crude oil was actually up about 60 cents Wednesday (September 1) morning after reports on inventory levels showed a drop in reserves, suggesting a possible increase in demand.

Wednesday, September 02, 2009

Robert Prechter and What's Behind Moves In Gold? / Commodities / Gold & Silver 2009

By: Mike_Shedlock

In response to How Will China Handle The Yuan? I received many emails regarding a single statement I made: "Prechter, who does not view gold as money, thinks gold will collapse. Thus, not all deflationists think alike."

The first half of that statement "Prechter, who does not view gold as money" is an inaccurate representation of Prechter's views.

Wednesday, September 02, 2009

Gold and Silver Put in Robust Showing Despite Dollar Strength / Commodities / Gold & Silver 2009

By: GoldCore

Despite a firmer dollar in yesterday's trading, gold maintained its robust showing of the last few days and finished the day slightly higher. It is trading at a resistance level of $955/oz today. With equity weakness still very much to the fore, a sustained push for that all important, psychological level of $1,000/oz and beyond on safe haven demand seems likely in the coming weeks.

Wednesday, September 02, 2009

Still Eyeing $1,200 Gold in 2009 / Commodities / Gold & Silver 2009

By: The_Gold_Report

Bullish on gold since it carried a $400-per-ounce price tag, Blue Phoenix Chief Investment Strategist John Licata expects the king of metals to ring in the New Year with a $1,200-per-ounce crown. As he told The Gold Report in April, he still considers gold one of the best asset plays in the world. With recovery on the horizon, he's also high on silver—in part because a pickup in manufacturing will drive up demand. While he says it's premature to claim economic recovery, he isn't looking to copper to serve as the traditional harbinger of a return from recession this time. His rationale? Good economic news—while too inconsistent to make recovery imminent—is already baked in to copper's climb already this year.

Tuesday, September 01, 2009

Antioquia Gold Drilling Colombian Assets / Commodities / Gold & Silver Stocks

By: Midas_Letter

Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. (TSX.V:AGD) is the latest TSX Venture listed company to begin exploration there. Antioquia (pronounced An-tee-oh-¬kwee-ah) controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional and adjacent mining concessions that cover 5,243 hectares, both in the department (province) of Antioquia, 70 kilometres northeast of Medellin, the regional capital.

Tuesday, September 01, 2009

Gold's Price Pattern Points to Sharp Break-Out, Bank Analysts Target 39% Rally / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD fell as London returned from the Bank Holiday weekend on Tuesday, dropping all of Asia's 1% bounce and recording an AM Gold Fix at $949.75 an ounce.

European stock markets also fell, losing 1.2% in London and 1.5% in Frankfurt.