Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, June 08, 2009
How Much Gold Should Investors Own / Commodities / Gold & Silver 2009
Dr. Steve Sjuggerud writes: You often hear "You need to own gold!" But how much is the right amount?
You don't want to own too little gold and have the purchasing power of all your savings shrink dramatically. You can't afford that. But you don't want to be an end-of-the-world nutcase either.
Monday, June 08, 2009
Gold Heading Below $900 on Seasonal and Fed Driven Reduction in U.S. Dollar Liquidity / Commodities / Gold & Silver 2009
As the investment community celebrates the first bankruptcy of General Motors, a look around the world reveals the vast financial acumen of governments. We do not have to stop with the financial irresponsibility of the Obama Regime, evident by the two trillion dollar plus deficit. We could just as well turn to the expense account scandal that may bring down the UK government. Or, we could look to the financial wizardry of California, or the high finance skills so evident in Jefferson County, Alabama. Or, we could watch in wonder as oil production collapses in Mexico and Venezuela where politicians have squandered oil revenues.
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Monday, June 08, 2009
Gold GLD ETF Correction Nearly Complete / Commodities / Gold & Silver 2009
The week-long stairstep decline in the SPDR Gold Shares (NYSE: GLD) has the right look of a completed – or nearly completed – correction off of the June 1 high at 97.00 into today’s low at 92.58. Although I would not be surprised if the price structure remained in the 93.50-92.50 area for another day or two to build a corrective base formation, my overall chart work off of the April lows near 85 argues strongly that another upleg is needed to finish the larger April-June advance. If my work proves accurate, then the GLD should be heading for 98.00-100.00 in the upcoming days/weeks.
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Monday, June 08, 2009
Why the Time Could Be Right for Investing in Gold Mining Stocks / Commodities / Gold & Silver 2009
Conditions have improved for gold equities, and economic policy decisions being made in Washington could further increase the investment appeal of these mining stocks.
The charts below clearly illustrate the relationship between gold-mining stocks and the federal budget.
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Monday, June 08, 2009
Gold and Silver Correction Over, or is This Just a Beginning? / Commodities / Gold & Silver 2009
This week we have seen precious metals and mining stocks peak, just as I’ve indicated in the previous Premium Update. In the summary of last week’s update I wrote that “Although prices of gold, silver and mining stocks are reaching their own resistance levels, such a correction will most likely be caused by some kind of catalyst, probably a strong move in the U.S. Dollar, or in the general stock market”. It turned out that the catalyst was in fact the U.S. Dollar, however I will get back to this issue later in this update.
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Monday, June 08, 2009
Investing in Commodities: The Three Greenest Economic Shoots of All / Commodities / Gold & Silver 2009
This is how a recovery begins.
A few months ago it seemed like there was no end to the downward spiral. More than 20,000 people were losing their jobs every day. The stock market was steadily falling. Panicked consumers were cutting back aggressively. The government pushed through $787 billion in emergency stimulus spending under the guise of getting the economy going again.
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Monday, June 08, 2009
Gold Sharp Sell off Continues / Commodities / Gold & Silver 2009
THE PRICE OF GOLD sank to a 10-day low versus the Dollar as the New York opening drew near on Monday morning, holding little changed for non-US investors as the world's No.1 reserve currency rose and stock markets fell.
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Monday, June 08, 2009
Silver Ugly Double Bearish Engulfing Chart Pattern / Commodities / Gold & Silver 2009
Silver has behaved pretty much as forecast in the last update posted late in April, entering into a fairly vigorous uptrend that has taken it up to our minimum target at the strong resistance at and above $16. It even paused and reacted at the $14.30 area as predicted. Last week, however, it showed signs of serious technical deterioration, so that even though it is still just within the uptrend, it is thought likely that it will soon break down into a reactive phase, and as silver has a habit of going down one helluva lot faster than it goes up, experienced traders will know what that means.
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Monday, June 08, 2009
Gold Uptrend Weakens as U.S. Dollar Bounces off Support / Commodities / Gold & Silver 2009
Gold did embark on a new intermediate uptrend as predicted in the last Gold Market update posted towards the end of April, however, the uptrend was not as strong as expected and it failed to break out to new dollar highs and is now starting to weaken again without mounting a serious challenge of the highs first. This is bearish for the short to medium-term.
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Sunday, June 07, 2009
Gold, Silver, Crude Oil and Natural Gas Commodities Analysis / Commodities / Exchange Traded Funds
Commodities have been driving up the past few months and now it looks like Natural Gas is going to be joining the party. This report quickly and clearly shows Gold, Silver, Oil, and Natural Gas from a technical trading point of view.
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Sunday, June 07, 2009
Gold Myth Busting- U.S. Dollar, Deflation and Hyperinflation / Commodities / Gold & Silver 2009
There are a lot of myths and “old wives’ tales” out there about Gold and the frequently accompanying topics of inflation and deflation. In no particular order, I’d like to debunk three big ones with facts rather than universally accepted catch-phrases that prey on lazy investors and speculators.
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Sunday, June 07, 2009
Gold Fails at $1000 Resistance, Trend Turns Lower / Commodities / Gold & Silver 2009
That $1000 level seems to be a tough nut to crack. It’s looking like we’re in for some rough times ahead in the gold market. At this point it is not serious but gold could drop a notch or two over the next few weeks.
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Saturday, June 06, 2009
Crude Oil Imminent Trend Reversal / Commodities / Crude Oil
Oil has staged the relief rally predicted in the last Oil Market update posted early in March. Our original target was the $70 - $80 area, but due to the time it has taken to get to the current level, the target is now lowered to the current level or a shade higher. The reason for this is that the slower rate of ascent than expected has allowed the 200-day moving average to drop down further, so that it is now in the low $60`s and still dropping quite steeply and it is rare for the price of anything to push far past a falling 200-day moving average before it reacts back again.
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Saturday, June 06, 2009
Natural Gas ETF UNG Heats Up / Commodities / Natural Gas
The U.S. Nat Gas Fund ETF (UNG) was up for most of the session Friday, closing flat, while the U.S. Oil Fund ETF (USO) closed down more than three-quarters of a percent. My pattern work is warning me that crude oil prices are peaking, but that natural gas prices are bottoming. Could that actually happen?
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Saturday, June 06, 2009
Temporary Gold Price Spikes Over Next 2 Years / Commodities / Gold & Silver 2009
With generous enough cash flows to fund expansion and fuel organic growth without going to the market for capital expenditures, the companies that Mike Starogiannis follows should be in a position to drive stock valuations up. According to Mike, Wolverton Securities' Mining Research Analyst, as long as they enhance their production profiles, they are in good shape—unless the price of gold drops considerably. But in this exclusive interview with The Gold Report, he tells us that his sights are set on gold averaging in the neighborhood of $900 to $1,000 per ounce over the next year or two, and any spikes in either direction would be temporary phenomena.
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Friday, June 05, 2009
Is Gold Going to $1,200 Soon? Or... ? / Commodities / Gold & Silver 2009
Currently several newsletters are pointing to the prospects of a fall in the gold price to $850 during this summer. They then say that later in the year, after September the gold price will rise to $1,200 Some say it will rise now to $1,000 first then tumble back to $850 before rising to $1,200 later in the year. If it does pull back to $850 prior to a rise to $1,200, then it is clearly an excellent trading opportunity for even long-term investors, with a potential 50% trading profit!
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Friday, June 05, 2009
Better than Expected U.S. Jobless Unemployment Data Hits Gold / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slumped by $20 per ounce ahead of the Wall Street opening on Friday, unwinding all of Thursday's gains and heading for a weekly loss at $963 after official data showed the pace of job losses in the United States slowing sharply.
Crude oil held above $68 per barrel and world stock markets leapt, adding more than 2.4% to London's FTSE100.
Friday, June 05, 2009
How To Profit From Soaring Food Prices With ETFs / Commodities / Exchange Traded Funds
Ron Rowland writes: Global food prices are climbing higher along with energy and precious metals. In May, the Reuters/Jefferies CRB Index, which tracks 19 raw materials including corn, crude oil, and gold, surged by 14 percent — its biggest monthly gain since 1974!
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Friday, June 05, 2009
Silver Investing- A few questions… / Commodities / Gold & Silver 2009
In most issues of The Morgan Report I answer questions from our subscribers, this week I looked back at some past issues and picked out a few that might be of interest to this readership as well.
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Thursday, June 04, 2009
Silver Elliott Wave Alternative Counts Analysis / Commodities / Gold & Silver 2009
Having looked out to months if not years and decades in our last article, we shift to the other end of the scale and how the eight hour chart of silver is going. I mentioned a near top to subscribers recently and one target price was the 61.8% Fibonacci retracement of the entire March to November 2008 drop. On the NYSE that drop was $20.90 to $8.79 and if we do our sums that retracement comes out at $16.27. Yesterday silver got as high as $16.23 and has reacted to the downside with a dollar drop so far.
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