Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, July 14, 2009
Gold, the King of Metals Will Keep Its Crown / Commodities / Gold & Silver 2009
Agoracom market analyst Peter Grandich, who isn’t among those who expect the world at large to emerge from “this absolutely horrific downturn” by year-end, instead sees good opportunities on the horizon for investors who want to “buy things on the cheap” because prices will fall in the equity markets. He also sees bright prospects for gold—particularly gold ETFs and mining companies that are in or near production and have potential for developing additional deposits. At the same time, Peter tells The Gold Report that the “severely wounded” U.S. economy should anticipate rougher and tougher times. Given his penchant for accurate predictions, that’s not a very comforting forecast.
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Tuesday, July 14, 2009
Gold, Silver, HUI, - Rally’s Are Starting! / Commodities / Gold & Silver 2009
A few weeks ago I drew your attention to the ‘golden cross-overs’ that have been showing up in so many charts. These cross-overs (where the 50DMA move into positive alignment with the 200DMA), are still intact, and continue to progress.
By way of review, here is the cross-over for the GLD gold ETF.
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Tuesday, July 14, 2009
Worried about Future Inflation? Don’t Be. Just Prepare and Prosper / Commodities / Gold & Silver 2009
As the table below depicts, commodity related stocks and their associated warrants are wasting little time recouping the major losses they incurred in 2008 and are already up 30% and 74%, respectively, YTD, even though they are currently suffering from the summer doldrums.
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Tuesday, July 14, 2009
Renewed Pressure Forthcoming for Crude Oil / Commodities / Crude Oil
My pattern work in nearby crude oil argues for more weakness after this little bounce off of the $58.00 area (into the $62.50-$63.00 area max). If weakness resumes as anticipated, then oil should head for new reaction lows in the $55-$53 target zone to complete the first downleg in the aftermath of the recovery rally from the January low at $32.70 to the June high at $73.23.
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Tuesday, July 14, 2009
China Crowns King Copper / Commodities / Commodities Trading
If you need more proof that the commodities world is changing just take a look at how historical patterns have shifted. The graph below shows the 5-, 15- and 30-year patterns for copper prices.
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Tuesday, July 14, 2009
Gold Rallies with Stocks Stocks as Goldman Earnings Boost Risk Appetite / Commodities / Gold & Silver 2009
THE PRICE OF GOLD jumped to a one-week high of $926 Tuesday lunchtime in London, ticking back with world stock markets and non-US currencies after US retail sales and producer-price inflation both showed a sharper than expected recovery.
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Tuesday, July 14, 2009
U.S. Dollar Wobble Sends Gold Higher / Commodities / Gold & Silver 2009
Gold: The dollar wobbled overnight pushing gold to $923/oz. Gold is determinedly staying above the psychological $900 mark at the moment and the news that the US federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion in the coming months is causing concern about higher interest rates and inflation and this should see gold well supported at these levels. The market will likely takes its direction from U.S producer prices and retail sales data released later today.Read full article... Read full article...
Monday, July 13, 2009
BRICA Wealth Demand Driving Long-term Agri-Food's Mega-trend / Commodities / Agricultural Commodities
While visions of economic stability and other fantasies dance in the heads of the elves at the Federal Reserve and those in the Obama Regime, the financial markets seem to be losing momentum. Both equity markets and Gold have succumbed to the Summer heat, wilting under the Sun. But sorry that is not global warming, that is just Summer.
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Monday, July 13, 2009
Silver DownTrend Meeting Strong Support Level / Commodities / Gold & Silver 2009
Silver has been in a steep intermediate downtrend since early June, but there are signs that this downtrend may soon have run its course, or even have run its course already. On the 1-year chart we can see that having failed to find any serious traction near its 50-day moving average, silver broke lower again towards the important support level shown, which is expected to put a floor under the price, especially as the Cup & Handle formation shown on the chart is a strongly bullish pattern, although it is very possible that its downtrend will end around the current level as it has arrived at the trendline support of a longer-term potential uptrend channel, also shown.
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Monday, July 13, 2009
Gold Summer Doldrums Projects Towards a Sideways Trend / Commodities / Gold & Silver 2009
The Summer* doldrums are upon us with many investors more interested in the weather forecast than the markets. Although the Summer vacation period is often a time of drift in the markets for obvious reasons, there are exceptions like August 07, when the sub-prime crisis erupted, forcing many brokers to put down their champagne glasses and make a hasty retreat from the beach - and the lighter trading volumes at this time of year make it even easier for big money to steamroller the little guy.
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Monday, July 13, 2009
When to Buy Gold Stocks / Commodities / Gold & Silver Stocks
“I think we're going to have some of the worst inflation, with all the printing presses around the world running 24/7.”
That’s what leading contrarian investor David Dreman said in an interview two weeks ago.
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Monday, July 13, 2009
Gold Set to Test Support at $900 / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL GOLD reversed an early $4 drop on Monday morning in London, recovering last week's finish at $913 an ounce as Asian stock markets ended the day sharply lower but European equities ticked higher.
Priced in Euros, gold bounced higher from a new 3-month low of €651.30. US crude oil contracts held below $60 per barrel.
Monday, July 13, 2009
Honest Money Gold & Silver Report- Markets Wrap 12th July 09 / Commodities / Financial Markets 2009
Economy - We recently had a big move up in stocks and commodities from March to June, premised on the thought that the economy was going to get better, which would increase the demand for commodities and improve business profits.
Suddenly, this thesis is no longer embraced by the market, at least for the time being; although it may come back in the near future; perhaps the very near future.
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Monday, July 13, 2009
Precious Metals, Gold and Silver, When Will They Finally Bottom? / Commodities / Gold & Silver 2009
In the recent two Premium Updates I briefly discussed inflation and its effect on gold prices. I showed a chart indicating the massive increase in the amount of money that had been recently pumped into the system. I’ve looked deeper this past week into the issue of inflation researching what some of the smartest people have to say on the subject. There are those, like billionaire investor Warren Buffet, who believe that inflation is inevitable:
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Monday, July 13, 2009
Crude Oil & Energy Update - Video Interview with the CME Group's Joseph Ria / Commodities / Crude Oil
When you hear the news reporters talk about the price of crude oil in the marketplace, they're generally talking about WTI, which is West Texas Intermediate crude oil. It's a very light, sweet crude oil and the highest grade that's out there. Crude oil is based on and priced on the amount of sulfur that's in the oil. It makes it easier or harder to refine base on the amount of sulfur. WTI being the lightest and sweetest, is the highest priced crude oil in the marketplace.
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Sunday, July 12, 2009
Why I'm Happy to Hold Wealth in Gold and Silver / Commodities / Gold & Silver 2009
Chris Weber writes: Now that the first half of 2009 is over, I have to say I'm very happy with the way gold, silver, and platinum have done this year. I've been keeping a large portion of my money in the metals for years.
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Sunday, July 12, 2009
COMEX and Gold Bullion ETF Manipulation, Bill Murphy Grounds for a Class Action Law Suit / Commodities / Gold & Silver 2009
Dear Bill,
The recent article by Adrian Douglas, if true, evidences outrageously unacceptable behavior on the part of all three of the COMEX – which appears to be cheating on its contractual obligations to act as a clearing house – the investment banks which are selling short and have no intention or ability to deliver physical gold as and when deliver falls due and those ETFs which do not have 100% gold backing.
Sunday, July 12, 2009
Gold and Silver Downside Breakout Trend Consequences Analysis / Commodities / Gold & Silver 2009
It seems to have been almost all down hill since I last posted my commentary two weeks ago. Gold and silver bullion as well as stocks have broken on the down side but there is still some life left. Let’s get at today’s assessment.
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Saturday, July 11, 2009
Will Gold have a Role in the New Monetary System? / Commodities / Gold & Silver 2009
The Reserve Currency crisis coming!
After raising the issue of a new global reserve currency and only finding some verbal support from France's President Sarkozy the issue of replacing the $ with another or other currencies was put firmly on the table at the G-8 conference this week. The issue, while acknowledged, was not treated seriously, we believe a major error on the part of the G-8!
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Saturday, July 11, 2009
Deflation or Inflation, Gold is as Good as it Gets / Commodities / Gold & Silver 2009
Deflation or inflation, gold is as good as it gets, according to Jay Taylor. Jay, who developed the J. Taylor’s Gold & Technology Stocks Model Portfolio, has established an enviable track record in the markets. In this exclusive chat with The Gold Report, Jay talks about what economic insights he's gleaned from guests on his radio show," Turning Hard Times Into Good Times,” and how owning gold shares can be advantageous in a deflationary period.
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