Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, March 12, 2009
Natural Gas UNG ETF Oversold / Commodities / Natural Gas
My near, intermediate, and longer-term work in the U.S. Natural Gas Fund ETF (NYSE: UNG) is so oversold and is screaming for a very powerful recovery rally period that should propel prices to a minimum of 20.00 and more than likely to 25.00 in the upcoming days/weeks. The enclosed chart pattern argues strongly that the most recent downleg from the 1/06 high at 25.98 ended this morning at a new bear market low of 15.48, and that a recovery rally period is in its initial stages.Read full article... Read full article...
Thursday, March 12, 2009
Gold Jumps as Swiss National Bank Joins Printing Money Policy / Commodities / Gold & Silver 2009
THE PRICE OF GOLD jumped into the New York opening on Thursday, recovering two-thirds of this week's 5% losses as the surge in world stock markets reversed.By mid-afternoon in Frankfurt, the Dax index of German equities traded 0.9% lower.
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Thursday, March 12, 2009
Institutional Funds Supporting Precious Metals Bullish Trends / Commodities / Gold & Silver 2009
Gold and silver rallied over 1% and 2% yesterday as stock markets barely made gains in the US. Asian stock markets were mixed but the Nikkei fell 2.5% and most European markets are showing weakness again this morning and gold remains firm.Read full article... Read full article...
Wednesday, March 11, 2009
Awaiting Crude Oil's Test of Support / Commodities / Crude Oil
The most salient feature of the enclosed daily chart of nearby oil may well be the fact that BOTH the 20 and 50 day moving averages have turned up by virtue of the power of the Feb-Mar upmove from $33.55 to $48.83. Those moving averages are rising through the $41.25 area as we speak. In addition, let's notice that the support line of the Feb-Mar rally cuts across the price axis at $42.50, which is the next key near-term support zone prior to the confluence of the rising moving averages ($41.25).Read full article... Read full article...
Wednesday, March 11, 2009
Bank of England Begins Printing Money, Deflation Hits World's Top Exporters / Commodities / Gold & Silver 2009
THE SPOT PRICE OF physical gold bounced around $900 an ounce early Wednesday in London, recording an AM Gold Fix almost 4% below last week's finish as world stock markets continued Wall Street's best rally so far in 2009.
Tokyo stocks added 4.5% from their recent 26-year low, while Germany's Dax rose 7.5% for the week.
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Wednesday, March 11, 2009
Crude Oil Heading for $80 / Commodities / Crude Oil
For the first time since September of 2007, the crude oil (NYME_CL) market has flashed a positive signal that it is headed higher. This is the first buy signal that we have seen in over 18 months in the energy markets.Read full article... Read full article...
Wednesday, March 11, 2009
The Crude Oil Deflationary Bear Market / Commodities / Crude Oil
Yesterday on the blog I posted an email my sister sent me. ( Click here to read her note .) She asked me about the Oil market and its relation to the real estate market in the town she lives in.
As long time readers Know, I have been pretty bearish on Oil since last Summer. And now, even with the huge decline in prices I am still not bullish, though I respect the possibility of a good suckers' rally before the next wave of price destruction ensues. I will get into the pricing aspect in a bit.
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Tuesday, March 10, 2009
John Embry: Exclusive Interview with Canada's Foremost Gold Investor / Commodities / Gold & Silver 2009
Is gold the next “ hot ” investment? Or will it never break through the $1,000 threshold?
Some of the world's leading investors are currently placing their bets.
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Tuesday, March 10, 2009
Things Are Looking Up in the Junior Mining Stocks Sector / Commodities / Gold & Silver Stocks
Well-known and highly regarded throughout the mining and exploration community, Mercenary Geologist Mickey Fulp returns to tell The Gold Report readers about his growing Primer for the Lay Investor, share his musings on the junior resource sector and even hand out a few nugget-shopping suggestions.
The Gold Report: The third installment in your A Primer for the Lay Investo r series, “ The Good, the Bad, and the Butt Ugly ” appeared in The Gold Report on February 24. What's the short story there?
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Tuesday, March 10, 2009
Gold Slumps as Stock Markets, Euro Rise / Commodities / Gold & Silver 2009
THE SPOT PRICE OF gold bullion fell hard Tuesday lunchtime in London, dropping 2.2% to slip below $900 an ounce for the first time in one month.
European stock markets meantime bounced sharply, with London's FTSE100 index extending its best 3-day run in more than five weeks.
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Tuesday, March 10, 2009
Gold Continues to Sell off after recent bounce / Commodities / Gold & Silver 2009
After the bounce in recent days, gold sold off again yesterday and was down 2.77% (silver -3.2%). After the falls seen in the last two weeks a period of consolidation will be needed and gold may fall further prior to rising strongly above the psychological and technical level of $1,000/oz.Read full article... Read full article...
Monday, March 09, 2009
Gold Coin Shortage Likely to Become Chronic / Commodities / Gold & Silver 2009
Is the U.S. Mint's production problem long-term or short-term?
What will be the effect on gold coin prices?
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Monday, March 09, 2009
Countries at Risk as Investors Rush Towards Safehaven's / Commodities / Gold & Silver 2009
Gold miners, because the number of discoveries was falling and existing deposits were being quickly depleted, have had to diversify away from the traditional geo-politically safe gold producing countries, i.e. Canada and the U.S. The move out of these “safe haven” countries has exposed investors to a lot of additional risk.Read full article... Read full article...
Monday, March 09, 2009
Commodities Showing Relative Strength Whilst Stock Markets Hit New Lows / Commodities / Investing 2009
While stocks have made new lows commodities have held up well and especially in the past few months. Compared to stocks, commodities have actually hit a new bull market high (relative terms).Read full article... Read full article...
Monday, March 09, 2009
Gold Dives as Euro and Stocks Bounce / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold bullion slipped $16 per ounce to a three-session low as New York opened for business on Monday, trading at $924 as world equities struggled to cap four consecutive weeks of sharp losses.The Euro bounced from a two-cent drop to the Dollar, but the Pound Sterling collapsed to a 6-week low.
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Monday, March 09, 2009
Gold's Outlook Remains Positive / Commodities / Gold & Silver 2009
Gold’s recent downward trend may have ended last week after gold closed moderately higher for the week (gold +0.03% and silver +1.75%). The performance was impressive considering the continuing steep declines in stock markets (Nasdaq , DJIA, S&P down 6.1%, 6.17% and 7.03% respectively).Read full article... Read full article...
Sunday, March 08, 2009
Signs Global Economic Crisis Ending as Crude Oil and Copper Trend Higher / Commodities / Financial Markets 2009
Something truly remarkable happened last week that has major implications for the global economic crisis - despite all the doom and gloom and the broad stockmarket continuing to make new lows, copper broke out upside from a 3-month long base pattern. Why is this so important? - because copper has a history of being one of the earliest if not THE earliest lead indicators for the world economy, so much so that it is sometimes called Dr Copper. So what happened? - let's take a look on a 6-month chart.Read full article... Read full article...
Sunday, March 08, 2009
Waiting for the Obama Gold Rally / Commodities / Gold & Silver 2009
After eight straight days of decline we finally had a couple of up days in the price of gold. Still, the upside was not all that convincing. I'm still waiting for that Obama rally (in gold, that is). It shouldn't be much longer now.Read full article... Read full article...
Friday, March 06, 2009
Gold $2000 by the End of 2009 / Commodities / Gold & Silver 2009
Successful entrepreneur turned bullion dealer Greg McCoach brings more than 20 years of business experience, a vast network of mining contacts and his unique precious metals industry insights to the mining investment newsletter he launched in 2001, The Mining Speculator. In this exclusive interview with The Gold Report, Greg outlines the ‘new' criteria for junior miners, explains why he favors the juniors over more senior producers and advises a combination of both physical metal and stocks for investors to protect themselves in today's market.Read full article... Read full article...
Friday, March 06, 2009
Gold and $HUI Looking Bullish / Commodities / Gold & Silver 2009
Gold and miners continue to act very well. Here are some charts I am following.Read full article... Read full article...