Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, March 03, 2009
Gold Swoons as Stocks Bounce / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped to fresh 3-week lows at the New York opening on Tuesday, dropping 2.2% to $907 per ounce as world stock markets bounced everywhere but London.Crude oil rallied above $41 per barrel. Long-dated Treasury bonds fell, pushing interest rates higher.
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Tuesday, March 03, 2009
Quantative Easing Implementation to Drive Currencies Lower and Gold Higher / Commodities / Gold & Silver 2009
Asian stock markets followed their US counterparts in falling overnight and after an initial rally in Europe, indices are again under pressure (especially the FTSE which is down another 1.8%).Read full article... Read full article...
Monday, March 02, 2009
Could Obama Push Crude Oil to $300 Per Barrel / Commodities / Crude Oil
John Maynard Keynes is one of the most influential and controversial economists in history. He warned of the huge burden war reparations placed on Germany and its allies after WW I. He played an integral role in establishing the post-WW II financial world. His economic theories established the impetus for governments to spend like mad during downturns. He made, lost, and made back a massive fortune in the stock market. He counted Pablo Picasso and Virginia Wolf as friends.Read full article... Read full article...
Monday, March 02, 2009
Gold Correcting Towards Oversold Buying Opportunity / Commodities / Gold & Silver 2009
Two things happened in the 1960s. Most importantly, that decade ended. Second, consumers and investors began learning to not be fooled by governmental policies and actions. That learning experienced was reinforced by the many policy errors of the 1970s.Read full article... Read full article...
Monday, March 02, 2009
Gold GLD ETF Pullback Doesn't Inflict Meaningful Technical Damage / Commodities / Gold & Silver 2009
No, the gold and SPDR Gold Trust ETF (NYSE: GLD) markets have not provided much in any sort of hedge in the past week or so. However, looked at from a relative strength perspective, the enclosed chart pattern of the GLD clearly remains the inverse of the major equity market ETFs. Let's notice that the GLD has pulled back about 7% from its Feb 20th high, but has not inflicted any damage to the underlying chart structure. In fact, the GLD has pulled back to its mid-Feb upside break point, in the vicinity of 90.00-91.00, which thus far has contained the selling pressure.Read full article... Read full article...
Monday, March 02, 2009
Gold Gains as Stocks Crash / Commodities / Gold & Silver 2009
THE SPOT PRICE OF PHYSICAL GOLD back half of an early Asian bounce Monday morning, recording its first London Gold Fix of March at $949.50 per ounce.Almost 6% above its average level of 2009 to date, the Gold Price also rose for UK and European investors, while European shares sank, dumping 3.5% by lunchtime in Frankfurt.
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Monday, March 02, 2009
Debt Lies Exposed, Hope and Massive Change / Commodities / Gold & Silver 2009
I have just got back from a camping trip and feel clear and refreshed. It is good to get away briefly and to clear the head and look at things from outside the trees. Yes inside the forest you cannot see any wood for all those trees and your view can be very microscopic.Read full article... Read full article...
Monday, March 02, 2009
Gold Safe Haven in the Worst Deflationary Slump since the 1930s / Commodities / Gold & Silver 2009
Gold rose sharply in Asia and was up by more than $10 per ounce before trading even commenced on the TOCOM – it rose from $941.60/oz to nearly $960/oz but has given up some of those gains in early trading in London and is now trading back at $950/oz.Read full article... Read full article...
Monday, March 02, 2009
Gold Signals Returning Commodities Strength / Commodities / CRB Index
KEY POINTS:• Weaker U.S. dollar in March spells increasing stability in commodities
• CRB still pinned under 240 resistance level; more range trading expected
• Gold advance anticipated in early April; first target is $1,000 to $1,025, second is $1,200
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Sunday, March 01, 2009
U.S. Dollar Double Top Points to New Gold Bull Run / Commodities / Gold & Silver 2009
Gold ran at its highs of last March, before reacting back heavily, as expected and predicted in the last update. The 1-year chart makes very clear why it has reacted back so. It hit the upper return line of a steep uptrend channel in a very overbought condition as shown by the RSI and slow stochastic on this chart, and various other oscillators that are not shown. Hence it had very little chance of following through with a breakout to new highs, as we had earlier observed. Despite its retreating back from the vicinity of its dollar highs there can be doubt that recent action has been bullish and augers well for the future, for with the break above the October highs, gold can be seen to have broken the trend of lower highs and lower lows that dogged it last year, with the result that all its principal moving averages have swung into bullish alignment - and it has broken above the last restraining fan line, opening the door to another major upleg.Read full article... Read full article...
Sunday, March 01, 2009
U.S. Dollar, Crude Oil and Gold Teetering Bull Markets / Commodities / Financial Markets 2009
The past 6 months have been every interesting, as the financial markets try to find a bottom while banks go bankrupt and more and more investment scandals continue to pop up on the radar destroying investor's life savings literally over night. It still sounds crazy, when I hear banks are going bankrupt and it just goes to show anything can happen.Read full article... Read full article...
Saturday, February 28, 2009
Gold Bull Market Just Beginning / Commodities / Gold & Silver 2009
In this update from Sascha Opel, former chief editor of the first newsletter about the German "Neuer Markt" (New Market), he gives us his current thoughts on the precious metals market. Sascha's company, Orsus Consult GmbH, publishes one of the most popular German newsletters on commodities and junior mining and exploration. (www.rohstoffraketen.de)
The Gold Report: Sascha, we last interviewed you in May 2008. At that time you felt that we were beginning a period of re-establishing gold as currency. Would you review your thinking on this viewpoint for our readers?
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Saturday, February 28, 2009
The Golden Rule of Investing 2009 / Commodities / Gold & Silver 2009
Visions of Absolute Wealth - As defined by the most valued currency throughout the history of humankind, an exclusively visual presentation of nearly ALL-THINGS vs. the value of Gold illuminates precisely where absolute wealth and truth reside.Read full article... Read full article...
Friday, February 27, 2009
Stock Market and Gold Double Top Price Pattern / Commodities / Gold & Silver 2009
"The bigger the top, the bigger the drop – whether in gold or the S&P index..."
A DOUBLE TOP – or so technical analysts say – is an ugly chart pattern signalling not only a reversal of trend, but an all-out collapse.
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Friday, February 27, 2009
Investing in HUI Gold Stocks / Commodities / Gold & Silver Stocks
With gold getting a lot of attention in these wild markets, naturally its producers are also attracting interest. And almost silently, gold stocks have emerged from the depths of the 2008 stock panic to be the best-performing sector in the markets. From the November lows to this week, measured by the HUI gold stocks have soared 71% while the S&P 500 has merely ground sideways.Read full article... Read full article...
Friday, February 27, 2009
Pep Talk for Panicky Gold Investors / Commodities / Gold & Silver 2009
SUDDEN SHIFT, FICKLE FOLKS - What a difference one week makes! With a gold price daring the $1000 mark in defiance, boldness prevailed, investors took heart, analysts cheered, and the establishment cringed. This week, with a very ordinary selloff in consolidation, optimism has vanished in what can only be characterized as silly. Gold & silver will take over the globe as anchors in a sea of shifting sands, all in time. We have seen the crude oil price fall from $140 something to $40 something, the Dow Jones Industrial stock index fall from 14,000 something to 7000 something, the housing price index fall every month by over 10% on an annual basis, and hundreds of billion$ vanish in bank equity.Read full article... Read full article...
Friday, February 27, 2009
Gold Surges as Stocks Tumble on U.S. Economic Slump / Commodities / Gold & Silver 2009
THE SPOT-GOLD MARKET regained a third of this week's 6% drop Friday morning in London, trading back above $960 an ounce on a flood of bad economic and financial news.The US economy shrank by 6.2% annualized at the tail-end of 2008 said the Bureau of Economic Analysis – the worst rate in 25 years – while personal spending fell by 5¢ in the dollar.
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Friday, February 27, 2009
Gold Targets $1,200 as Central Banks Sales Dwindle / Commodities / Gold & Silver 2009
Gold’s correction continues and it has fallen for four days in a row now but the long term fundamentals remain very sound. Bargain hunters are likely to reemerge at these levels which should be supportive.Read full article... Read full article...
Friday, February 27, 2009
How Does Silver Perform During Deflation? / Commodities / Gold & Silver 2009
A question many of our readers have asked. Today, most investors are fairly convinced that gold does fairly well during a deflationary environment. Since gold has held better than all asset classes these past several months, many mistakenly believe that gold does best during inflations, but they are not sure about gold during deflations. The fact is, from times past, gold actually does best during deflations, rather than inflations.Read full article... Read full article...
Friday, February 27, 2009
Gold 2009 Supply and Demand Impact on Gold Price / Commodities / Gold & Silver 2009
As the gold holdings of the Barclays Gold Trust and the World Gold Council's gold Exchange Traded Funds across the globe grew larger than the gold holdings of Switzerland this week, we look at the dramatic shape of the likely Supply/Demand formula for 2009. Since the end of 2008 until now the gold market has changed shape and it promises to be a structural change should what we see now continue! Just how much gold is being absorbed at the moment from what sales and purchases? To understand this fully we have to look at the last reported figures in the gold market on Demand & Supply. [We use the numbers supplied by the World Gold Council for this purpose.]Read full article... Read full article...