Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, February 23, 2009
Gold Bearish Double Top Pattern? / Commodities / Gold & Silver 2009
The following is taken from our regular weekend update to subscribers. The main question for precious metals investors this week is whether gold is about to form a massive double top. If we pull up the gold chart we have shown on several occasions, we see gold is just about to meet the upper channel line we have suggested it will be bounded by. And guess what? It meets the old NYMEX high of March 17th this week coming. Can anyone say " double top "? The last time gold hit $1000 (March 16th) it peaked the next day and the rest was history.Read full article... Read full article...
Sunday, February 22, 2009
Precious Metals Stocks Lagging Performance About to End... / Commodities / Gold & Silver Stocks
Alot of subscribers have been perplexed by the relatively miserable, laggardly performance of Precious Metals stocks in recent days as gold and silver have soared, especially against various major world currencies. This is one thing which is easy to explain - they have been held in check by a massive wall of overhanging supply that dates back to the extensive trading around the current price for much of 2006 and 2007, which we have looked at earlier on the 4-year chart for the HUI index.Read full article... Read full article...
Sunday, February 22, 2009
Risks of Investing in GLD ETF / Commodities / Gold & Silver 2009
1) GLD does not allow redemptions of its gold bullionGLD failure to allow redemptions in gold is suspicious. In fact, only two gold ETFs worldwide allow redemptions in gold, and both of them are located in Switzerland: Gold ETF from Zurich Kantonalbank (ZKB) and Julius Baer (JBGOUA).
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Sunday, February 22, 2009
U.S. Dollar Reverses From Resistance Will Gold Follow Suit? / Commodities / Gold & Silver 2009
The US $ broke through resistance but quickly dropped. A false break-out?? In the mean time gold just keeps on trucking. A very little more upside and it will be in new all time high territory.Read full article... Read full article...
Saturday, February 21, 2009
Money Printing Means that Gold Will be the Last Man Standing / Commodities / Gold & Silver 2009
The Gold Report caught up with newsletter writer and commentator Lou Paquette, who launched the website Emerging Growth Stocks in 1995 to provide investors and speculators with a unique alternative to what he saw was a growing problem with corporate governance and conflict of interest on Wall Street. He believes that as people finally begin to realize that gold is the only asset we can count on any more, the bull market will "come out of its shell." He shares some of his favorite mining companies that are well-positioned to ride out these turbulent times.Read full article... Read full article...
Friday, February 20, 2009
Brazil's Ethanol Madness Exposed / Commodities / Ethanol
Robert Bryce writes: For years, the US has been inundated with claims that it should follow Brazil's lead on biofuels. These arguments have largely been made by a small, but influential group of neoconservatives who claim that the US should quit using oil altogether. They claim that using more ethanol – produced from sugar cane, or corn, or some other substance – will impoverish OPEC and America will once again be returned to prosperity.Read full article... Read full article...
Friday, February 20, 2009
Gold vs. Euros: 7-Year No-Brainer Finished? / Commodities / Gold & Silver 2009
"...No, it's not much of a punchline. But perhaps owning gold will at least raise a smile..."
FOR THE BEST PART of seven years, it was a real no-brainer: Buy Gold , sell the Dollar.
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Friday, February 20, 2009
Gold Breaks Above $1,000/oz on Global Safe Haven Demand / Commodities / Gold & Silver 2009
Gold has again risen above the important level of $1,000/oz due to increasing safe haven demand on the unprecedented and worsening global financial and economic conditions.Read full article... Read full article...
Friday, February 20, 2009
Gold Stocks Surge / Commodities / Gold & Silver Stocks
Earlier this week, the US stock markets (S&P 500) fell 4.6% to their lowest close since November 20th's panic low. It was a very unpleasant day as latent fears of bungled government meddling flared up again. But one sector, the gold stocks, was able to buck this very weak tape. That very day the HUI gold-stock index rallied 2.6%.Read full article... Read full article...
Friday, February 20, 2009
Protect Your Wealth from Collapsing Monetary Systems / Commodities / Fiat Currency
“How To Preserve Wealth During Crises... And Why Central Banks Are Bad For Your Financial Health”
Last week we talked about the grave dangers of a Depression and recent media discussion as to whether or not we're about to enter one (or already are). That of course raises the question: if worst comes to worst, how did investors survive the last one?
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Friday, February 20, 2009
Gold Jumps as Stocks Slump / Commodities / Gold & Silver 2009
THE PRICE OF SPOT GOLD jumped Friday morning in London, touching $996.50 per ounce and nearing its ninth weekly gain in 3 months as world stock markets slumped yet again.Recording the highest London Gold Fix since 19th March '08 – the day after gold hit all-time highs at $1,032 on the collapse of Bear Stearns – gold surged $15 an ounce in two hours.
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Friday, February 20, 2009
Gold Busting Back Above $1000 as Stocks Resume 2009 Crash / Commodities / Gold & Silver 2009
Gold has rallied strongly again this morning and is up 1.5% at $990/oz after consolidating around the $975/oz mark yesterday. Stock markets are under severe pressure again this morning after yesterday’s 7 year low close for the Dow Jones.
There is a risk here of a panic sell off in stock markets and the next leg down in the stock bear market looks imminent as the ills of the global financial system virulently infect the global economy. While gold has become overbought in the short term, its medium and long term fundamentals are as sound as ever.
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Friday, February 20, 2009
The Silver Slam / Commodities / Gold & Silver 2009
Last week I mentioned that CIBC slammed the silver market and gave my opinion of where their analysis missed the mark. Tonight as I pen this missive in haste due to packing and flying requirements early tomorrow, it seemed the best to give a short introduction on the Silver Slam.Read full article... Read full article...
Friday, February 20, 2009
Dow/Gold Ratio 40year Cycle and the Secular Depreciation of Fiat Currencies / Commodities / Gold & Silver 2009
With gold prices only 7% away from their record highs and the main equity indices 45-50% below their highs, an analysis of the equity/gold ratio is amid the many rationalizations for prolonged gains in the precious metal. The equity/gold ratio highlights a commonly used measure of corporate market value versus a decades-long measure of real asset value. Gold is known as a measure of real assets value because of its ability to preserve value during inflationary times. But during these disinflationary times, the current global growth/demand landscape also supports the notion of too many dollars chasing too few gold ounces.Read full article... Read full article...
Thursday, February 19, 2009
Not all Commodities are Treated Equal (Part 1) / Commodities / Resources Investing
I wouldn't be letting the cat out of the bag if I mentioned that I'm a commodity bull in both the near and long terms. It's no secret as I've spent a number of issues of Bourbon and Bayonets writing on the driving fundamentals behind resource markets. That's not what I'm here to do today and if you'd like to hear some of the market commentaries refer to prior articles. Identifying the fundamentals is one thing. Investing to profit is another. Regardless of your investment medium, there are a number of different strategies and notions to keep in mind in playing the rest of this commodity bull run.Read full article... Read full article...
Thursday, February 19, 2009
Gold Breaks New Non-Dollar Records as Smart Investors Hedge Against Devaluations / Commodities / Gold & Silver 2009
SPOT GOLD in US DOLLARS slipped back from a near 11-month high early in London on Thursday, bouncing off $970 an ounce as world stock markets held flat, down almost 5% for the week so far.A surge in after-hours trade overnight saw the Gold Price in Dollars come within a few cents of mid-July's top above $987 an ounce.
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Wednesday, February 18, 2009
Global Financial Crisis Driving Gold Higher in All Currencies / Commodities / Gold & Silver 2009
In the latest manifestation of the world financial crisis, gold is rallying strongly now in all major currencies. Gold detached from the usual commodity drivers gradually over the period August 07 to the present, and closely reacted to any major new developments in the credit crisis. Gold now is almost totally dominated by ongoing credit crisis developments, and the massive attempts to bailout the financial system in every country. That is why gold and the USD are rallying together.Read full article... Read full article...
Wednesday, February 18, 2009
Gold, GLD ETF Bullish Moving Average Crossover / Commodities / Gold & Silver 2009
The overriding reason for re-entering the SPDR Gold Trust ETF (NYSE: GLD) "up HERE" in our model portfolio is derived from my intermediate-longer term technical work, which we discussed last week. Eight days ago I noted the big-picture pattern of spot gold for subscribers, and the longer-term analysis on that weekly chart remains exactly the same today.Read full article... Read full article...
Wednesday, February 18, 2009
Gold and Silver Bull Market Heading for a Correction / Commodities / Gold & Silver 2009
Gold and silver have had one hell of a run in the recent days. Both looked like they were topping weeks ago but recent bad news hit the wires making investors buy gold like the stock market is about to go under. Gold bullion inflows are the highest it has been in 6 months!
The massive gold inflows can be seen two ways:
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Wednesday, February 18, 2009
Gold Hits Fresh Euro, GDP and CDN Highs on Collapse of Global Confidence / Commodities / Gold & Silver 2009
THE US-DOLLAR PRICE of gold retouched yesterday's 7-month high at $974 an ounce early Wednesday before slipping as Wall Street stock futures pointed higher from their 16% plunge of the last 7 weeks.
Priced in Canadian Dollars gold reached a fresh peak at $1,231 an ounce, while the Euro price of gold – up by two-thirds over the last 3 years – hit €767.01 per ounce at the AM Gold Fix here in London, its ninth new record high of the last 15 sessions.
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