Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, March 27, 2009
Gold and Silver Rally on Deepening U.S. Dollar Concerns / Commodities / Gold & Silver 2009
Gold and silver rose ($939.80 up $4.40 - Silver $13.65 up 18 cents) yesterday on deepening concerns about the dollar and fears that its reserve currency status is threatened.Read full article... Read full article...
Friday, March 27, 2009
Is Silver Gold's Poodle? / Commodities / Gold & Silver 2009
Last week I updated our readers about a video shot at the Orlando Money Show. This week I have two videos where we discuss the ups and downs of the silver market and how silver differs from gold as an investment.Read full article... Read full article...
Thursday, March 26, 2009
Platform for Recovery in Natural Gas UNG ETF / Commodities / Natural Gas
Although the market's reaction to this morning's inventory data triggered a 9% sell-off in the U.S. Natural Gas Fund ETF (NYSE: UNG), I consider the action as part of a larger developing base formation between 18.00 and 15.50 that must occur prior to the completion of the “equilibrium” period, after which Mr. Market will begin discounting a shift in the supply-demand dynamics that lifts prices. From a technical perspective, the 16.00 area provides excellent symmetrical support within the developing base, which should provide the platform for a recovery into the 17.50 to 18.00 initial target zone.Read full article... Read full article...
Thursday, March 26, 2009
Why the Gold Price is Set to Soar / Commodities / Gold & Silver 2009
Gold has been one of the best investments in what is increasingly looking like a "lost decade" for most asset classes, yet, despite its steady, workmanlike gains - an average annual increases of 16 percent since 2001 - many gold investors are extremely disappointed with its recent performance.Read full article... Read full article...
Thursday, March 26, 2009
Gold Bullish on Real Interest Rates Outlook / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold rose further on Thursday in London, recovering one-half of this week's $35 drop to hold above yesterday's sharp jump to $938 an ounce.US stock markets opened the day higher, but European shares were flat, while commodity prices rose nearly 1% on average, led by crude oil.
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Thursday, March 26, 2009
Gold Price Bounces off Support on Strong Internals / Commodities / Gold & Silver 2009
GLD Gold ETF Fund – Daily Trading ChartThis week gold has been pulling back after last week's massive one day rally. Hopefully that rally was not a one-day wonder but rather a sign that smart money is still moving into gold and not most retail traders trying to make a quick buck.
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Thursday, March 26, 2009
Gold Price Seasonal Trend Pattern Has Changed! / Commodities / Gold & Silver 2009
The changing of the gold seasons .Unlike most metals gold had a defined set of seasons over the year. The factors that dictate these seasons are very well established based on past demand patterns. But these seasons have now changed as we will see from May onwards, when gold goes into its quiet time often referred to as the "Doldrums" after the area in the Atlantic where there are no Trade Winds taking sailing ships back and forth. Below is why you cannot expect such quiet times and such busy times that we saw in the past!
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Thursday, March 26, 2009
Crude Oil Makes a Sweek Breakout Buy Signal (Part2) / Commodities / Crude Oil
Crude Oil makes a run higher giving investors some what of a tradable bounce. Although this is great for our long trades, this is a catch 22. Gas prices are starting to rise again and if this trade follows through. we could see $65 per barrel and a possibility of oil retesting $100 level within the next 6-12 months. Not a pleasant thought in the grand scheme of things.Read full article... Read full article...
Wednesday, March 25, 2009
Breakout Expected for Crude Oil Services OIH ETF / Commodities / Oil Companies
My near-term pattern and momentum work argue that the OIH is nearing the completion of its 3-session sideways digestion period in the aftermath of last Friday's recovery rally high. Once the bullish coil is complete, the OIH should thrust to the upside towards a next target of 87.00-87.50. Only a decline that breaks below 82.00 will begin to compromise my current bullish outlook.Read full article... Read full article...
Wednesday, March 25, 2009
Gold Strong as Global Money Inflation Sparks Political Battles / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked lower once more early Wednesday, bouncing higher from $918 an ounce for the second day running in London as world stock markets rallied on a strong Wall Street start.Like the German Dax and UK FTSE100, however, the S&P index stood more than 10% below its start of the year.
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Wednesday, March 25, 2009
Ride the Commodities Rally on Fed Trillion Dollar Money Printing / Commodities / Gold & Silver 2009
Sean Broderick wrotes: Industrial commodities are bouncing off their bottoms and headed higher. What's driving this move?
Simply put: The Fed has cranked up the printing presses and is throwing hundreds of billions of dollars at anyone who looks like they might buy toxic debt. This is unsticking the credit market for the short-term. And it's also lighting a fire under equities and commodities around the world as traders and investors start to bet on a recovery.
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Wednesday, March 25, 2009
Gold and Silver Fall on Profit Taking / Commodities / Gold & Silver 2009
Gold and silver fell yesterday ($923.30 down $29.70; Silver $13.34 down 52 cents) on profit taking and renewed risk appetite which saw equities rally internationally (prior to a late sell off in the US) and the dollar rally after its recent sharp falls.
Macroeconomic, systemic and monetary risk has seen the dollar, the euro and more particularly sterling fall versus gold in recent months. Gold would have likely risen by much more were it not for likely central bank and bullion bank gold sales which have artificially capped the price.
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Tuesday, March 24, 2009
Bob Moriarty: Investors Act on Contrarian Thinking / Commodities / Gold & Silver 2009
Always challenging, always controversial and always the contrarian, 321gold.com founder Bob Moriarty always can be counted on for a few takeaway nuggets when he chats with The Gold Report . In this interview, his third with us over the past 12 months, Bob cautions against confusing investment savvy with ego-satisfaction, suggests taking time for due diligence instead of looking to gurus, and—of course—recommends a contrarian strategy. He also offers a few tips for investors who want the biggest “bounce for the ounce” and shares some thoughts about a few “brilliant” mining projects he recently visited in Mexico.Read full article... Read full article...
Tuesday, March 24, 2009
Agri-Foods Benefit from the Feds Decision to Destroy the Dollar / Commodities / Agricultural Commodities
Trends may persist, but never exist eternally. Both parts of that little piece of wisdom provide useful guidance for investors. Trends, clearly, are an investor's friends when the investor lives in harmony with that trend. However, always remember that the trend will end regardless of how solidly good the fundamentals might be, or how miserably bad the fundamentals might appear. On this latter point, have not received one email on the positive fundamentals for oil since it fell below $140.Read full article... Read full article...
Tuesday, March 24, 2009
Gold Slips as Geithner's $1 Trillion Surge Fades on Wall Street / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold slipped to a four-session low beneath $920 an ounce early Tuesday – up more than 6% for 2009 to date, but 8% south of the $1,000 top hit 5 weeks ago – as world stock markets failed to extend Monday's strong gains.Read full article... Read full article...
Tuesday, March 24, 2009
Gold: Gold Stock Index Ratio Analysis / Commodities / Gold & Silver Stocks
Trading without indicators is like running blind and it encourages emotional trading that is the bane of successful investors. Below are brief descriptions of 5 of the most popular gold mining company indices and how they should be used in conjunction with the price of gold to determine the future movement of gold bullion and gold mining stocks. (For a much more indepth understanding and analysis of these indices please refer to my recent article entitled “Gold Indexes: Comparing and Evaluating the HUI, XAU, GDX, XGD and CDNX”.)Read full article... Read full article...
Monday, March 23, 2009
Strong Gold Bull Market Foundations on Developing Inflation Crisis / Commodities / Gold & Silver 2009
The Federal Reserve shocked the markets this week by taking new dramatic actions to end the recession. They announced they'll be buying more than $1 trillion in U.S. Treasury bonds and mortgage backed securities guaranteed by Fannie Mae and Freddie Mac. This means the Fed will be creating even more money to buy this debt, and that immediately affected all of the markets.Read full article... Read full article...
Monday, March 23, 2009
Gold, GLD ETF Prices Holding Up Well / Commodities / Gold & Silver 2009
Of all the markets I am watching, the one that pops out at me here is the SPDR Gold Trust ETF (NYSE: GLD) because the price structure has not relinquished much if any of its wild upmove off of last Wednesday's Fed announcement (about buying longer-dated Treasury paper). Even this morning, amidst the announcement by Treasury that a plan is in place to quarantine, price and hopefully profit from the toxic assets, which should be considered a very “market stabilizing event,” gold prices are holding up well.Read full article... Read full article...
Monday, March 23, 2009
Gold Bubble Brewing as Washington Funds Mortgage Bond Rescue Worth $1 Trillion / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold moved in a 1% range against all major currencies Monday morning, bouncing off a low of $946 an ounce as the Dollar rose vs. the Euro and Wall Street stocks jumped on a new rescue plan for US banks.Announcing its new "Public Private Partnership Investment Program" – and aiming to remove $1 trillion of toxic investments from US bank balance sheets – the Treasury said it will split the purchase of what it calls "legacy assets" with hedge funds and other leveraged speculators.
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Monday, March 23, 2009
Historic Week for Gold as Fed Opts to Buy Toxic Securities Including Government Bonds / Commodities / Gold & Silver 2009
It was a historic week, with the Federal Reserve opting for the “nuclear option” of money creation on a trillion dollar scale. Gold and silver rose 2.7% and 4.5% respectively. The gains would have been much more but for an unusual and unexplained very sharp selloff in the precious metals immediately prior to the Federal Reserve’s dramatic and historic emergency announcement. Read full article... Read full article...