Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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
Read full article... Read full article...
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?
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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...
Thursday, February 26, 2009
Gold Slips Again as Global Stocks Bounce / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL GOLD slipped further in Asia and London on Thursday, dropping to a two-week low beneath $940 an ounce as world stock markets rose for the second time in 13 sessions.Read full article... Read full article...
Wednesday, February 25, 2009
War for Muslim Gold and Silver: Goldsmiths Part XXXIX / Commodities / Gold & Silver 2009
As discussed in an article on World Power Blocs at www.analysis-news.com , and in other Goldsmiths' material, there is strong evidence that in coming days the Muslim empire of the South will have treasures of gold and silver which may invite a military invasion, evidently by a power bloc in the North. The Northern power will seize, steal or otherwise take possession/rulership of the gold and silver treasures in the South.Read full article... Read full article...
Wednesday, February 25, 2009
Worried Investors Want Gold on Hand / Commodities / Gold & Silver 2009
Bob Coleman submits: Worried Investors Want Gold on Hand Some investors are so worried about the prospect of economic collapse that they are buying gold and having it delivered to them, rather than holding the precious metal in the form of futures contracts or other securities.Read full article... Read full article...
Wednesday, February 25, 2009
Obama's Stimulus Will Send Gold and Gold Stocks Into the Dustbin / Commodities / Gold & Silver Stocks
We've been stressing the point ad nauseum for roughly a month now that what's necessary to get markets in gear and put the money back to work is theater, financial theater, and it appears we're about to get it. Today. Finally.Read full article... Read full article...
Wednesday, February 25, 2009
Gold Continues to Correct From Bull Run to $1000 / Commodities / Gold & Silver 2009
THE SPOT PRICE OF GOLD continued to slide early Wednesday, recording their lowest London Gold Fix in seven sessions at $956.25 an ounce.
Crude oil held above $40 per barrel and government bonds were flat – yielding 2.82% on the 10-year US Treasury – after President Barack Obama assured TV viewers and Congress alike that although his massive stimulus spending means "We will rebuild, we will recover...the weight of this crisis will not determine the destiny of this nation."
Read full article... Read full article...
Wednesday, February 25, 2009
Gold Production in South Africa Plunges to 90 Year Lows / Commodities / Gold & Silver 2009
Gold fell yesterday on profit taking and ended the day down 2.3% at $969.25/oz (silver fell by 3.1% to $13.98/oz).
A short term correction was expected and warned of and this correction was necessary after gold becoming overbought in the short term. Gold had rallied over $100 (from $890/oz on February 9th to just over $1,000/oz on February 20th) or some 12% in less than two weeks. Such an appreciation in any asset class in such a short period of time is unsustainable.
Read full article... Read full article...
Wednesday, February 25, 2009
Smart Money Moving Out of Gold: Trading Gold, SIlver and Oil ETF's / Commodities / Gold & Silver 2009
The past few days have been stressful, as I watched gold slowly work its way higher without a decent correction to take another position. Both gold and silver have been on a tear moving higher not allowing the more conservative trader like my self with a low risk setup and entry point. I am not a fan of chasing prices higher, as it generally leads to a quick loss when prices snap back and correct from an over bought state. This is what both gold and silver did today and I expect to see lower prices over the next week or so, depending on how fast they correct. Last Friday I mentioned the open interest on gold went down sharply, which told me that smart money was moving out of gold and that is always a RED FLAG. Let's take a look at the charts below because that's what trading is all about Price Action.Read full article... Read full article...
Wednesday, February 25, 2009
$XAU Rising Wedge Pattern / Commodities / Gold & Silver 2009
(Response to a reader’s query)
Hi Dock, I’m not a trader on the markets. My decision with gold is that I own some gold shares as an insurance policy in the short term but also as investment for the long term. The company is an up and coming miner with at least 10 million ounces of resources and perhaps 50 million ounces – time will tell. I will hold those shares over the long term regardless of what the market does over the short term. That particular mine will make a profit at any price of gold above US$500 an ounce when it reaches its minimum maintainable annual production. That situation is expected to manifest within the next 12-18 months and the business has the capital resources to ensure this outcome.
Read full article... Read full article...