Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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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Thursday, June 04, 2009
Does Gold Rise or Fall During Recessions and Economic Depressions? / Commodities / Gold & Silver 2009
The following article is adapted 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 revealing 40-page eBook, download it for free here.
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Thursday, June 04, 2009
North American Uranium Investing / Commodities / Uranium
Investment Analyst Marin Katusa, senior editor of Casey Energy Opportunities (CEO) and Casey Energy Confidential (CEC), brings uranium's prospects into focus for The Energy Report readers in this exclusive interview. He waxes enthusiastic about potential 10-baggers in the U.S. (and one 10-bagger already in the U.S. uranium portfolio) and the five companies he ranks among the top players in Canada's Athabasca Basin—"the best real estate in the world for uranium." Next week, Marin will return with colleague Dr. Marc Bustin to talk about other sectors in the energy market.
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Thursday, June 04, 2009
Gold Bounces as European Interest Rates Held Near Zero / Commodities / Gold & Silver 2009
THE SPOT PRICE OF GOLD bounced off one-week lows versus the Dollar for the second time Thursday lunchtime in London, rallying from $961 per ounce after the US currency spiked on a vote of "no change" to Eurozone interest rates.
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Thursday, June 04, 2009
Buffett Gets 'Comeuppance' After Gold Outperforms / Commodities / Gold & Silver 2009
Bloomberg have covered our recent research concerning Warren Buffett's Berkshire Hathaway poor performance versus gold in recent years. Buffett is the most successful investor in the world but his lack of diversification and almost exclusive focus on equities may bring further pain to his shareholders in the coming years.
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Thursday, June 04, 2009
Agricultural Commodities Trading: Wheat Retreat Keeps Base Incomplete / Commodities / Agricultural Commodities
An initial recovery in Wheat prices last year was subsequently almost completely reversed. Another attempt has reached the area of the previous recovery high, but bulls have lacked the s/term courage to push higher. However, the current pullback may be just the opportunity to jump on board before the next try.
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Thursday, June 04, 2009
Crude Oil Prices Supported by Emerging Markets Demand / Commodities / Crude Oil
Another considerable fall in prices on oil will most likely not happen, Russia’s Minister for Economic Development Elvira Nabiullina said. The current rise of oil prices is based on speculative factors, but the demand on energy carriers will be determined with the needs of the growing economies of the developing countries, the minister said in an interview with The Vedomosti newspaper.
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Thursday, June 04, 2009
Germans Can Now Buy Gold Through Vending Machines / Commodities / Gold & Silver 2009
A vending machine selling tiny gold bars was launched at the main railway station in Germany’s Frankfurt-am-Main. The ATM machine, the size of a phone-booth and shaped as a gold bar, was installed in the financial metropolis of the European Union, Itar-Tass news agency reports.
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Thursday, June 04, 2009
Gold Trading Update: Time to Lock in Profits? / Commodities / Gold & Silver 2009
I thought that I would send out a quick update on the gold sector to show where prices stand from a technical point of view for those of your wondering what to do with today’s sell off.
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Wednesday, June 03, 2009
Gold, Silver and Crude Oil On Fire! Breaking Out to New Highs! / Commodities / Gold & Silver 2009
June 1st, 2009 Issue #40 Vol. 3Read full article... Read full article...
Wednesday, June 03, 2009
Precious Metals: Too Far Too Fast? What’s Likely to Happen Now? / Commodities / Gold & Silver Stocks
This year’s bad economic news overshadowed the aspect of geopolitical risk, which again reared its ugly head over the past few weeks. North Korea has conducted a new nuclear test and fired short range missiles. Iran has made several moves that in slower news cycles would have dominated the headlines. Israel, worried about the situation in Iran, is conducting a five day drill, dubbed ‘Turning point 3,” to prepare Israel’s rapid response capabilities in the event of simultaneous missile strikes and terrorist attacks. All this is bad enough without mentioning other flash points, such as Afghanistan, Pakistan, Nigeria and Venezuela.
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Wednesday, June 03, 2009
Gold Fails After Trying to Push Through $990 / Commodities / Gold & Silver 2009
Precious metals gained across the board Tuesday. Gold is once again trying to push through the $990 level and could be the one to watch over the next few days. A test of its year-to-date high of $1,005 could possibly be on the table in the near term as the weakening of US dollar continues. Silver is fast approaching a significant resistance of $16.43. Having touched $16.27 it is currently retreating back below $16.00.
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Wednesday, June 03, 2009
Gold Rally Corrects After Strong Bull Run / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL gold dropped 1.5% from new 14-week highs in lunchtime trading in London on Wednesday, turning higher from $975 per ounce as equity markets fell and the US Dollar rallied on the foreign exchanges.
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