Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, June 19, 2009
What's Next for Gold and Gold Stocks / Commodities / Gold & Silver 2009
I am a big, big fan of Exter's liquidity pyramid. John Exter was a central bankster who worked at the federal reserve in the 1940s and 1950s. His concern about a global fiat money system, once it emerged, was that it would eventually blow out in a deflationary implosion rather than an inflationary one. This is not a common thesis, yet it is one I believe is being proven correct in front of our eyes.
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Friday, June 19, 2009
David Morgan Interviewed by Nancy Massicotte of The Opportunity Show / Commodities / Gold & Silver 2009
Ellis Martin: Welcome to The Opportunity Show. I’m Ellis Martin. Today we have an interesting interview from Vancouver, British Columbia, with our correspondent Nancy Massicotte and The Silver Guru, David Morgan.
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Thursday, June 18, 2009
Mickey Fulp, Mercenary Geologist: Uranium Demand is There / Commodities / Uranium
Well-known and highly regarded throughout the mining and exploration community, Mercenary Geologist Mickey Fulp returns to discuss the brightening prospects for uranium and natural gas with The Energy Report readers. A Certified Professional Geologist, Mickey says he's comfortable focusing his hard-earned dollars in junior and mid-tier uranium companies working in the U.S. and Canada.
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Thursday, June 18, 2009
Musings from the 2009 World Resource Investment Conference / Commodities / Gold & Silver Stocks
The recent 2009 World Resource Investment Conference was moved to the new Vancouver Convention Centre in Vancouver BC, constructed in advance of the 2010 Winter Olympics. The fresh venue for the conference did not seem to carry the enthusiasm equal to the new venue or previous conferences at the neighboring waterfront convention center.
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Thursday, June 18, 2009
China Commodities Undercut U.S. Dollar / Commodities / China
China is directing their mountain of reserves away from acquired mining firms and toward managed hedge funds. This is a new direction for Beijing, clearly in response to the refusal by Rio Tinto to permit a $19 billion stake from the Chinese aluminum giant Chinalco. They were frustrated and angered by the other refusal with the failed Unocal dea in 2005. Clearly, whether stated openly or not, the Chinese are thwarted by USGovt and UKGovt hidden leaders from investing in strategic firms. From their point of view, tarnished by ill feelings, their money is good for credit supply but not good for commodity supply lines. So China will continue its pursuit of significant interests in commodity firms, both metals and energy related, and will amplify the pressures by taking scattered interests in hedge funds,
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Thursday, June 18, 2009
Gold Finds Support, as Bank Regulation & Moral Hazard Spark Political Rows / Commodities / Gold & Silver 2009
THE SPOT PRICE OF GOLD held steady in a tight range early Thursday, unchanged for the week after Monday's 1.4% drop, as European shares fell for the fifth day running.
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Thursday, June 18, 2009
Gold Pushes Higher on World Bank China Growth Forecast / Commodities / Gold & Silver 2009
The long term trend line price of gold at $925, which has been steady since Monday, pushed higher today based on news that the World Bank has raised its growth forecast for China. The Chinese stock market rallied as did commodities across the board. Another main factor behind the return of bullish sentiment for gold is the euro.
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Thursday, June 18, 2009
Gold, Oil and Natural Gas ETF Trading Report & Forecasts / Commodities / Exchange Traded Funds
Gold has provided two excellent trades for us this year; both had less than 3% downside risk. With any luck we will have another trade soon. Gold has been forming a large reverse head and shoulder pattern since early March and currently trying to form the right shoulder. If this pattern completes and the price breaks the neck line at the $99 level we should see a nice rally towards the $120 - $130 level.
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Wednesday, June 17, 2009
How to Forecast Stock and Commodity Asset Prices Part2 / Commodities / Inflation
Pick a Number...Any Number, "We didn't abandon the money-supply aggregates. They abandoned us..."
TIME WAS that central banks targeted and fretted about keeping their currency stable against the Dollar.
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Wednesday, June 17, 2009
Russian President Calls IMF to Expand SDR's to Include Gold / Commodities / Gold & Silver 2009
Yesterday's comments by Russian President Dmitry Medvedev at the BRIC summit, calling upon the International Monetary Fund (IMF) to expand the currency basket of Special Drawing Rights to include the Chinese yuan, commodity currencies and gold in order that it matures into a reserve currency, is positive for gold as it shows how gold is again being viewed as an important monetary asset.Read full article... Read full article...
Wednesday, June 17, 2009
China’s Got a New Currency… and It Sure AIN’T the Dollar / Commodities / China
Let’s talk about China.
China is the US’s largest creditor. All told, the People’s Republic has $700+ billion in US Treasuries. However, if you account for other dollar denominated investments, China is believed to have 70% of its $1.7 trillion in foreign reserves sitting in green backs.
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Wednesday, June 17, 2009
Gold Steady as Deflation Hits Commodities / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped for US and Euro investors but rose towards 3-session highs for UK buyers on Wednesday as the British Pound fell on worsening economic news.
World stock markets dropped along with commodity prices, while new US data showed Consumer Price Inflation sinking to minus 1.3% in May, the sharpest year-on-year deflation in prices since Jan. 1950.
Tuesday, June 16, 2009
Gold and Silver Junior Mining stocks Summertime Buying Opportunity / Commodities / Gold & Silver Stocks
Consistently urging investors to be patient and disciplined, practicing what he preaches has earned Adrian Day a sterling reputation and recognition as an authority in both global and resource investing. In the long term, he anticipates much more upside in gold juniors than seniors, and in the short term—specifically this summer—he looks forward to an "extremely good buying opportunity" among some of the juniors he follows. In this exclusive Gold Report interview, the President of Adrian Day Asset Management also says he sees gold "convincingly" breaking through the "magical big round number" of $1,000 within 9 to 12 months and expects gold to outperform stocks "fairly significantly" over the next year or so. That doesn't necessarily lead him to an optimistic economic forecast, though. Because the recession gripping the globe is the result of "secular deleveraging contractions" (interest rates too low and money too easy), Adrian thinks it will take a long time to pull free.
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Tuesday, June 16, 2009
Gold Important Trading Update / Commodities / Gold & Silver 2009
Will the long-term support line stop the hemorrhaging in the gold market?
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Tuesday, June 16, 2009
Gold Hit by Deflation / Commodities / Gold & Silver 2009
THE SPOT PRICE OF GOLD recovered two-thirds of yesterday's 1.4% drop for US investors in London on Tuesday, but it dropped further against all other major currencies as the Dollar fell hard on the forex market.
"Gold is currently testing its 100-day moving average (925.24)," says a technical note from London market-makers Scotia Mocatta. "A substantial break below would be bearish [but] throughout April the 100-day proved a poor signal.
Monday, June 15, 2009
When Gold Climbs Silver Soars, Silver Stocks Where Cheaper is Better / Commodities / Gold & Silver Stocks
Two weeks ago precious metals were as hot as ever. Gold prices were climbing. Gold stocks were doing even better. And silver prices were leading the way.
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Monday, June 15, 2009
Chinese Consumption of Agri-Foods has Changed the Dynamics of the Global Agri-Food Situation / Commodities / Agricultural Commodities
The governments of China and Russia keep trying to get the attention of the Obama Regime. With a “Money Grows on Trees” attitude, those overtures on the desperate financial situation of the U.S. are being ignored. When the IMF cashes the first checks from the central banks of China, Russia, and Brazil, the trend toward the demise of the U.S. dollar will be validated.
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Monday, June 15, 2009
Silver Heading for Higher Highs After Current Correction Ends / Commodities / Gold & Silver 2009
A week or so ago we gave the short term view of silver that a decent sized top was in. Our first choice Elliott wave pattern (see below) looked complete as you can see from the chart we reproduce below. We had an alternate wave count which would be invalidated if it went below $14.80. That has now happened so the first choice count is vindicated.
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Monday, June 15, 2009
Strong Fundamentals Add to Technicals of Agriculture ETF DBA / Commodities / Agricultural Commodities
Here is the big picture of the PowerShares DB Agriculture ETF (NYSE: DBA), which is an ETF comprising agricultural futures products such as corn, wheat, and soybeans.
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Monday, June 15, 2009
It's Official, The Era of Cheap Crude Oil Is Over / Commodities / Crude Oil
Michael T. Klare writes: Buckle your seatbelt, you may be going nowhere -- and it could be a very bumpy ride. Oil futures have just passed $71 for a barrel of "light, sweet crude oil" (sweet for energy stocks, anyway) on its way to... well, we don't know exactly where, but it won't feel good, not at the pump and not in the economy either. In the Midwest and scattered other locations, gas prices are already at the edge of $3.00 a gallon and the height of summer isn't even upon us.
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