Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, September 04, 2009
Junior Mining Stocks CDNX Recovery? / Commodities / Gold & Silver 2009
Every so often I’m asked to describe the role of juniors in the commodities industry. And I simply reply, “They’re like rabbits”. Rabbits are seemingly insignificant and useless animals. But in actuality they serve a critical role in the food chain as a valuable source of nourishment for larger animals.
Like rabbits, juniors are seemingly insignificant. But their function in commodities lifecycles is indispensable. And also like rabbits, juniors are a valuable source of nourishment to their predators. One of their major roles is to feed the larger resource companies, ultimately serving to provide sustenance and longevity.
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Friday, September 04, 2009
Gold Spikes to Near-term High Near $1,000 / Commodities / Gold & Silver 2009
Apparently all it took for gold to push through near-term resistance levels was a 2-day pullback in equities and concern over the pending data on non-farm payrolls due out Friday (September 4) morning.
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Friday, September 04, 2009
Gold Surges on Flight to Safety / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped from Thursday's 6-month high of $999.50 an ounce today, dipping 1% as the US reported fewer job losses than analysts forecast for August but unemployment still rose to a fresh 26-year high of 9.7%.
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Friday, September 04, 2009
Gold Closing in on Psychological $1000 Barrier / Commodities / Gold & Silver 2009
Gold continued its impressive move upwards yesterday triggered by a growing aversion to risk and technical buying signals. It breached strong resistance of $977/oz in early European trading yesterday and culminated by touching $999.50/oz in New York overnight. The $1000/oz is still a psychological barrier and anything close to that mark will probably instigate a period of profit taking.
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Friday, September 04, 2009
Gold at the Final Frontier? / Commodities / Gold & Silver 2009
Readers of the Seven Days Ahead’s Macro Trading Guide will know we have been frustrated long-term bulls of this market, forced onto the sidelines as observers while a protracted 6 months period of sideways trading played itself out.
But over recent days the market has rallied convincingly, almost to a point where a run at the previous highs seems possible. Yet again, we have been caught out by failed rallies in this market on several occasions over recent months, and this has made us cautious.
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Friday, September 04, 2009
Is Now Your Last to Be Buying Gold Under $1,000? / Commodities / Gold & Silver 2009
Is now your last chance to be buying gold under $1,000 or is this a false breakout? All successful trend followers and commodity traders know they do not know the future. The fact is on Sept 2 Gold broke out of a multi month consolidation. Trend Followers and commodity traders that use breakouts bought at various points around $969 or even higher.
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Friday, September 04, 2009
U.S. Dollar Stability Stalls Commodities / Commodities / CRB Index
KEY POINTS:
• Building risk aversion supports U.S. Dollar Index and pins commodity growth
• Next major low in equities expected to lift US$ to $0.80
• CRB consolidation continues into October
Friday, September 04, 2009
Looks for Natural Gas to Heat Up, Crude Oil to Climb Back Towards $100 / Commodities / Energy Resources
Just back in his Wall Street digs from Spanish site visits to check out some "just absolutely mind-boggling" solar and wind projects, Blue Phoenix Chief Investment Strategist John Licata sat down for another exclusive interview with The Energy Report. Well regarded for his insights and forecasts across the commodity spectrum, John talks about some excellent investment opportunities in both natural gas and oil. And while acknowledging that he's probably in "a dark room alone on this one," he also sees reason to be bullish about the refining space.
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Friday, September 04, 2009
Brazil Reactions to a Proposed Energy Law / Commodities / Energy Resources
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.
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Thursday, September 03, 2009
BP's 'Giant' Oil Discovery Gives the Gulf of Mexico New Life / Commodities / Oil Companies
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.
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Thursday, September 03, 2009
Gold Jumps Without U.S. Dollar Drop, Separation Before Liftoff / Commodities / Gold & Silver 2009
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.
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Thursday, September 03, 2009
Add-On Zones for Gold GLD ETF / Commodities / Gold & Silver 2009
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.
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Thursday, September 03, 2009
Gold, Is this the move we have been waiting for? / Commodities / Gold & Silver 2009
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.
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Thursday, September 03, 2009
Cotton Pullback Risk Has Improved / Commodities / Commodities Trading
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.
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Thursday, September 03, 2009
Gold Jumps to Within 2% of 2009 High / Commodities / Gold & Silver 2009
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
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.
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Thursday, September 03, 2009
Gold, Big Move Coming / Commodities / Gold & Silver 2009
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.
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Thursday, September 03, 2009
Gold, Silver, Oil and Natural Gas Commodity Trading Report / Commodities / Gold & Silver 2009
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.
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Thursday, September 03, 2009
Gold is Still Money / Commodities / Gold & Silver 2009
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.
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Wednesday, September 02, 2009
Gold and China's Savings Glut, Galloping Consumption Part2 / Commodities / Gold & Silver 2009
"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.
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