Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, May 07, 2009
Gold Hits 5-Week High as ECB Admits to "Quantitative Easing" / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL gold spiked to its highest level since the start of April in London trade on Thursday, jumping above $923 before slipping $7 per ounce as the forex, commodity and equity markets leapt on a move to "Quantitative Easing" by the European Central Bank (ECB).
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Thursday, May 07, 2009
Gold Price Technical Analysis: Major Trend Direction / Commodities / Gold & Silver 2009
Today we're going to take a look at the gold market. While many traders have been frustrated with this market for the past several month, it has in fact performed quite well given the generally negative feeling for most markets.
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Wednesday, May 06, 2009
Natural Gas UNG ETF in Bullish Formation / Commodities / Natural Gas
My near-term pattern work in the U.S. Natural Gas Fund ETF (NYSE: UNG) indicates that 1) the upmove from the double bottom at 12.69 exhibits bullish form into today’s high at 15.09, and 2) that the initial upleg of a very powerful recovery advance has started – that should climb into the 15.25/50 area at most before the UNG should enter a downside corrective move. If such a scenario unfolds, then the next loop down, from 15.40 (for example) to 14.00 (let’s say) should set up an extremely bullish entry window ahead of a vertical liftoff towards 18.00.
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Wednesday, May 06, 2009
Gold Rises on Safe-Haven Demand / Commodities / Gold & Silver 2009
THE SPOT PRICE of Gold rose early Wednesday in Asia and London, recording a morning Gold Fix of $903.50 an ounce as emerging-world stock markets rose yet again, adding 41% from March's low.
Base metals and energy prices also pushed higher, and crude oil broke back above $54 per barrel as government bond prices fell.
Wednesday, May 06, 2009
Why Gold Looks Ready to Move Much Higher / Commodities / Gold & Silver 2009
Claus Vogt writes: I want to start off my first regular Money and Markets column with a simple statement: I am not a hardcore gold bug.
In other words, I am not always out looking for reasons to justify owning gold. I do not even believe gold is a productive asset!
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Wednesday, May 06, 2009
Gold to Remain Firm Due to Inflationary Pressures / Commodities / Gold & Silver 2009
Gold and silver rose marginally yesterday as the dollar again fell. Gold initially surged gold to over $914/oz (from $901/oz) prior to determined selling capped the price and saw it again fall below the psychologically important $900/oz mark. Silver was again more resilient and rose 2.8% to $13.40/oz. Both have gradually eked out gains in Asia and early European trading.
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Tuesday, May 05, 2009
Peter Zihlmann: Junior Gold and Silver Mining Stocks a Bargain? / Commodities / Gold & Silver Stocks
What to buy—gold or gold shares? While many argue that bullion is the better investment, Peter Zihlmann of P. Zihlmann Investment Management makes a compelling case for gold shares with a focus on junior miners. In this exclusive interview with The Gold Report, Peter explains how gold shares have actually outperformed the yellow metal at a ratio of 5-to-1 since the start of the bull market.
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Tuesday, May 05, 2009
Positive Enviroment for Agri-Foods Continues to Manifest Itself / Commodities / Agricultural Commodities
Sufficient time has passed since the joyful bursting of the hedge fund bubble to allow for us to begin to assess what is rising from the ashes, and what will not. We can be fairly confident that what went on before will not be what goes on next. Financial markets rarely repeat the same mistakes immediately. Enough time must pass to allow all to forget the previous transgressions. Technology stocks did not rise again to lead in the last run in the financial markets. Banks and finance companies will not lead in the next. Financial markets will be seeking out new themes. Investors need to dig around, perhaps in the dirt, for the those next sets of investment ideas.
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Tuesday, May 05, 2009
Gold Jumps as U.S. Dollar Falls / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold leapt 1.4% for US investors early Tuesday, unwinding the final third of last week's losses as the US Dollar fell hard on the currency market.
Retouching a one-week high for UK and European buyers – even as the Euro moved back above $1.34 and the British Pound broke its best level in 2009 at $1.51 – the Gold Price rose alongside Asian and London stocks, which added to Monday's sharp gains on Wall Street.
Tuesday, May 05, 2009
Russia's Gazprom's Revenue Slumps / Commodities / Oil Companies
The reduction in demand for natural gas turned out for Gazprom to be an almost fivefold profit slump. It can be explained with the reduction of gas consumption in the far and near abroad as well as with the price cut on European long-term contracts and the January transit crisis with Ukraine. The Central Asian plots did their bit too: Gazprom gets the Asian gas three times more expensive now, The Vedomosti newspaper wrote.
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Tuesday, May 05, 2009
Gold and Silver Falling Despite Bullish Fundementals / Commodities / Gold & Silver 2009
Gold and silver both fell some 3% last week despite increasingly bullish technicals and fundamentals. Risk appetite remains high as seen in equity markets onward advance in the face of falling earnings and latent risk. Yesterday gold and silver soared as US stock markets opened and eked out strong gains of 1.8% and over 4% respectively, erasing last week’s losses.
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Monday, May 04, 2009
The MOST Important Investment You Can Make! / Commodities / Gold & Silver 2009
Larry Edelson writes: Now, to be sure all my readers know what I consider the most important investment you can make, or will ever make, in addition to reading my column published last Monday on my top three gold mining shares, today I want to make absolutely certain you also own physical gold.
Why? Because no portfolio is safe from today’s whirlwind of events and economic forces without gold.
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Monday, May 04, 2009
New Upleg for Silver SLV ETF? / Commodities / Gold & Silver 2009
Increasingly from a technical perspective the mid-April low at 11.64 in the iShares Silver Trust ETF (NYSE: SLV) appears to have ended a correction off of the Feb high at 14.45 and as well as initiated a new upleg that should hurdle a 10-month resistance line at 13.00 on the way to a test and hurdle of 14.45. At this juncture only an inability to hurdle 13.00 followed by a decline that breaks 12.20/15 will compromise the developing upmove.
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Monday, May 04, 2009
Crude Oil, OIH and USO Special Trading Report / Commodities / Crude Oil
The energy sector has been beaten down hard over the past 8 months. Since November it looks like it has been bouncing along the bottom with investors buying on the dips when dividends are high and prices are dirt cheap for many solid companies.
Monday, May 04, 2009
Gold and Silver Analysis and Trading Special Report / Commodities / Gold & Silver 2009
Gold and silver have been making a nice controlled pullback since their high in February. With precious metal prices drifting lower making clean looking waves like these it’s generally a sign of profit taking before another move higher.
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Sunday, May 03, 2009
Gold and Silver Bearish Trend Continues / Commodities / Gold & Silver 2009
Another down week for the precious metals. Neither gold nor silver seem to be able to get any steam behind their moves. Maybe there is still more down side to come. Let’s see if that 200 day moving average will hold.
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Saturday, May 02, 2009
ECU, Silver Miner Sitting on Half a Billion Ounces / Commodities / Metals & Mining
Sean Brodrick writes: What if I told you that there was a producing silver miner, sitting on nearly half a billion ounces of silver equivalent, that you could buy for under a buck a share. Would you be interested?
You’d probably have more questions. I had a lot of them when I had a chance to sit down this week with Stephen Altmann, President of ECU Silver (symbol ECU on the TSX in Canada; ECUXF on the pink sheets in the United States). ECU is a Canadian miner hard at work in mineral-rich Durango State in Mexico.
Saturday, May 02, 2009
Where to Find the Best Deals in Physical Gold / Commodities / Gold & Silver 2009
Jeff Clark writes: When gold breeched $1,000 an ounce this February, the mass media was full of reports of unprecedented coin demand and long wait times for bullion buyers. You couldn't open the paper without seeing a piece about the gold rush.
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Friday, May 01, 2009
Out of Whack Silver/Gold Ratio Suggests Strong Bull Move / Commodities / Gold & Silver 2009
The silver/gold ratio is "out of whack," says Mike Niehuser, founder of Beacon Rock Research, LLC, who finds silver "particularly interesting" right now. In this exclusive interview with The Gold Report, Mike weighs the historical seasonality of gold and silver against the forces at work in today's market and explains why we could see a significant run up in metals by fall.
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Friday, May 01, 2009
Natural Gas UNG ETF Gets a Lift / Commodities / Natural Gas
In sympathy with today’s upmove in crude oil, natural gas prices have lifted, too, off of their extremely oversold condition, which also has lifted the U.S. Natural Gas Fund ETF (NYSE: UNG) from yesterday’s Double Bottom low at 12.69 above key near-term resistance at 13.80. Whether or not today’s up-spike is the beginning of a sustainable recovery phase remains to be seen.
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