Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, April 16, 2009
Gold, Silver and Crude Oil Markets Update / Commodities / Gold & Silver 2009
By: Chris_Vermeulen
So far this week has been very tame as traders are sit on the side lines, waiting to see which way everything will go. I have posted a few charts so we can keep tabs on where gold, silver and oil are currently trading as we go into the second half of the trading week.
Thursday, April 16, 2009
Gold Sentiment and its Relative Trend Picture / Commodities / Gold & Silver 2009
By: Jordan_Roy_Byrne
While I continue to believe that the next breakout in Gold is still months away, we have seen in just a short while, some very encouraging signs on the sentiment front. Accumulating is certainly a wiser prospect now that the luster of the metals has faded yet only superficially.
Thursday, April 16, 2009
Gold Attempting to Consolidate at Lower Levels / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold and silver rose marginally in US trading yesterday and have largely traded sideways in Asian and European trading. Gold appears to be consolidating in the $865/oz to $900/oz region and needs a higher weekly close (above $883/oz) and then a close above $900/oz to look good from a technical perspective. This looks quite possible but there are very determined sellers at the $900/oz level who have so far impeded gold’s advance.Read full article... Read full article...
Wednesday, April 15, 2009
Jim Rogers Favourite Commodities Investments / Commodities / Agricultural Commodities
By: DailyWealth
With Matt Badiali
Q: Do you think Jim Rogers is right to be buying agricultural commodities now? – A.M.
Wednesday, April 15, 2009
Crude Oil in Bullish Consolidation / Commodities / Crude Oil
By: Mike_Paulenoff
All of the action in the U.S. Oil Fund ETF (NYSE: USO) since the March 26 high has taken the form of a coil that is attached to the Feb-Mar upleg from the 22.74 low. Because the coil has formed within the upper 40% of the major recovery upleg, I consider it a bullish consolidation pattern, which if accurate will mean that it should resolve itself to the upside in a powerful thrust to new recovery highs – above 32.39 (into the 34.00 target zone). At this juncture, only a decline that breaks the integrity of the coil at 28.50 -- and more importantly at 28.32 – will wreck the pattern.Read full article... Read full article...
Tuesday, April 14, 2009
Where Have All the Gold Mines Gone? / Commodities / Gold & Silver Stocks
By: The_Gold_Report
Near-Term Production - This year’s corporate mantra for a crowd of junior explorers and miners is quite simple: “get us some near term gold production fast” (or some variation thereof). The motive of course is pure: get the share price up. For companies with $2 million to $200 million in the bank the magic bullet to riches is perceived to be the acquisition of that one gold property or company that everyone else has missed. It’s a simple and easy to understand business plan that doesn’t take a genius to grasp – find it and buy it cheap while no one else is looking. I am personally aware of more than a dozen management teams pursuing this model and there are probably another 50 companies that fall into this category. I have also spent countless hours in the same search and come to the conclusion that everyone else hasn’t missed much. This particular path to corporate riches may turn out to be an elusive dream.
Tuesday, April 14, 2009
There's an Amazing Opportunity to Double Your Money in Oil Stocks / Commodities / Oil Companies
By: DailyWealth
Matt Badiali writes: Around this time last year, I was talking oil and gas investing into a big, smelly microphone.A friend had lined up the interview for a local radio show in Abilene, Texas. I'm not sure who was in the hot seat before me, but he must be a big fan of Skoal
Read full article... Read full article...
Tuesday, April 14, 2009
Is Copper Poised for a Sustainable Secular Bull Market? / Commodities / Metals & Mining
By: Guy_Lerner
Over the last 4 months, copper has bounced about 70% from its lows. Yet it is only recently that such a significant price move is beginning to attract attention as pundits try to explain what is going on. With stocks roaring back over the past 5 weeks, the obvious (and wrong) connection is that the global recession is ending. To me, copper's price rise is more technical after a deeply oversold condition, and it appears that the pundits are only crafting a good story to explain its recent price movements.Read full article... Read full article...
Tuesday, April 14, 2009
Gold Follows Stocks Lower as U.S. Dollar Strengthens / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE SPOT PRICE of physical gold slipped out of a tight range at the start of New York trade Tuesday morning, holding onto half of yesterday's 1.4% rise as world stock markets reversed early gains and the US Dollar clawed back half of its near-2% loss to the Euro.Read full article... Read full article...
Tuesday, April 14, 2009
Gold and Silver Rise on General Motors Bankruptcy Fears / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold and silver rose yesterday as stocks came under pressure with increasing fears regarding General Motors possible bankruptcy. Ostensibly positive news from the financials (Wells Fargo and Goldman Sachs) has lifted markets in recent days but there are concerns that the positive results may have had more to do with government largesse (with tax payers money) and innovative accounting rather than any meaningful return to profitability. The rest of the reporting season is unlikely to be so positive as companies and sectors not bailed out and supported by government are set to struggle which will likely see stocks under pressure again.Read full article... Read full article...
Monday, April 13, 2009
Obama’s Energy Revolution It’s Clean, It’s Green, and its Right Now / Commodities / Metals & Mining
By: Richard_Mills
As a general rule, the most successful man in life is the man who has the best information
“Finding the new driver of our economy is going to be critical. There’s no better driver that pervades all aspects of our economy than a new energy economy. … That’s going to be my No. 1 priority when I get into office.” President Obama
Monday, April 13, 2009
Natural Gas UNG ETF Shorts Running on Borrowed Time / Commodities / Natural Gas
By: Mike_Paulenoff
The saga continues in the U.S. Natural Gas Fund ETF (NYSE: UNG) as the price structure perpetuates a profile of making marginal new all-time lows but fails to follow-through on the downside and then stages a recovery bounce. The problem is that the recent rally attempts have failed to hurdle any meaningful resistance levels (such as 15.50), which leaves the UNG still stuck within its dominant downtrend despite its loss of downside momentum since late March.
Monday, April 13, 2009
Commodities Markets Have Bottomed / Commodities / CRB Index
By: Prieur_du_Plessis
Commodity prices have started to recover since the massive commodity fund liquidations and inventory reductions at mine, refinery and final consumption levels, which in some instances gave rise to record stock levels of industrial metals on the London Metals Exchange.
The recovery in metal and oil prices should be seen in context, though. The sharp drop in prices rendered a significant quantity of global production uneconomical, resulting in substantial cutbacks in production already seen and planned for the next two to three months.
Monday, April 13, 2009
Follow the Yellow Brick Road of Gold, Peace And Prosperity / Commodities / Gold & Silver 2009
By: Darryl_R_Schoon
Professor Antal E. Fekete’s paper, The Marginal Productivity of Debt – Why Obama’s Stimulus Package Is Doomed to Failure, ends with the following paragraph: Indeed, the financial and economic collapse of the last two years must be seen as part of the progressive disintegration of Western civilization that started with government sabotage of the gold standard early in the twentieth century. Ben Bernanke, who should have been fired by the new president on the day after Inauguration for his part in causing irreparable damage to the American republic may, in the end, have the honor to administer the coup de grâce to our civilization.Read full article... Read full article...
Monday, April 13, 2009
Voices About Crude Oil, The New Gold / Commodities / Crude Oil
By: Richard_Shaw
There are conflicting voices about oil. Some say too much is available and demand is falling. Others say demand is rising and reduced exploration will contribute to a new boom. Some say oil is responding to the equities rally. Charts show oil with upward tendencies weeks before equities began to rise.
Here are some important media snippets with mixed bullish and bearish messages:
Sunday, April 12, 2009
Crude Oil Traders Be Ready for Strong Breakout Higher / Commodities / Crude Oil
By: Chris_Vermeulen
Energy traders have been watching this slow rounded bottom reversal forming for months in the energy sector and crude oil prices. I have pointed it out many times and even posted some buy signals for USO and Crude Oil a while back. Oil is now testing a key resistance level and a breakout here could really send oil prices gushing higher towards the $70 per barrel level.Read full article... Read full article...
Sunday, April 12, 2009
Gold and Crude Oil at Critical Tipping Point / Commodities / Gold & Silver 2009
By: Chris_Vermeulen
Gold and oil traders have been on edge for the past few weeks wondering if prices will drop or rally from this correction/pause in prices. You will see in the charts below that gold and oil are at points where they could go either way very quickly. The are currently balancing at key technical points and we will wait for the tipping point.Read full article... Read full article...
Sunday, April 12, 2009
Gold Some Room for Upside Action / Commodities / Gold & Silver 2009
By: Merv_Burak
Other than the sharp drop on Monday it was a quiet week for gold. The volume suggested most traders left the market for the Easter vacation. Next week is another week.Read full article... Read full article...
Saturday, April 11, 2009
Silver Outlook Strongly Bullish / Commodities / Gold & Silver 2009
By: Clive_Maund
The outlook for silver is viewed as very bullish, with a fine Cup and Handle base now approaching completion, that is shown on the accompanying 1-year silver chart. There are a number of interesting observations that we can make looking at this chart. The first is that once silver broke below what was strong support at the $16 level back last August it went into a severe decline. After initially plunging the rate of decline eased off as it started to form a bowl shaped bottom area that togethor with the recent reaction we can define as a Cup and Handle base. Read full article... Read full article...
Saturday, April 11, 2009
Gold Bullish Factors Suggest Downtrend Near Bottom / Commodities / Gold & Silver 2009
By: Clive_Maund
Why can't folks break the habit of being so pessimistic at market bottoms? Not that we're complaining, if they did that would be one less thing that we'd have to go on. With people writing in to say that gold is going to $800, or $700, things are definitely looking up. Funny that, I don't recall them writing in with these targets when gold touched $1000 in mid-February. Sentiment stinks, which is something that emboldens us. Earlier on, we had been in the pessimistic camp too as the pattern that has formed in gold from mid-January does look like a Head-and-Shoulders top that would project the price down to at least $800, but a confluence of bullish factors suggests that we are very close to a bottom, right now. Read full article... Read full article...