Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, February 13, 2009
Gold Investing "Hits Big Numbers" as Eurozone GDP Shrinks / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold slipped 1.9% from a fresh 7-month high for US investors early in London on Friday as world stock markets rallied.The Gold Price also retreated from new all-time highs for British and Euro buyers – hit just after the end of New York trade yesterday – at £671 and €744 respectively.
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Friday, February 13, 2009
CIBC Global Markets Slams Silver / Commodities / Gold & Silver 2009
This week I'm going to comment on Jon Nadler 's remarks in his February 9 article titled The Silver Medalist. Jon pointed out some interesting quotes about the silver market and some of these I have issue with and some I don't. Mostly what he did is quote CIBC Global Markets and their assessment of the silver market. And one thing that he quotes from CIBC is that in 2008 silver had risen to about $20 an ounce and lately it's been languishing at around the $10 level; those are facts, no dispute there. And then they (CIBC) goes on to state at the first sign of a decline in gold, investors are likely to sell their silver holding but retain more of their gold holdings since gold has a superior reputation as an insurance policy, compared to silver. I really don't have an issue with that, yet .Read full article... Read full article...
Friday, February 13, 2009
US, UK Credit Ratings Look Set to Be Downgraded / Commodities / Gold & Silver 2009
Gold rose again yesterday, briefly rising above $950/oz and was up 0.6% on the day. Determined selling on the open in Asia saw gold fall and profit taking has seen gold fall in Asia and in early trading in London. This is to be expected as gold had risen by more than 15% in less than a month.Read full article... Read full article...
Friday, February 13, 2009
Gold: The New Money / Commodities / Gold & Silver 2009
The gold market is spreading both joy and fear lately. Those who have followed it for some time are more than pleased to see it working its way convincingly above the September Dollar price highs and out of a down trending channel that it has been bouncing around in since making all time highs last March. Both of those marks were cleared easily today and trading is stable in overseas markets, itself a good sign as gold is notorious for giving back gains from large price spikes.Read full article... Read full article...
Friday, February 13, 2009
Extreme Credit Markets Stress: You Can't Fool Gold / Commodities / Gold & Silver 2009
Gold has been on a tear lately. Indeed, gold was the only commodity that did not break its long term trendline during the massive commodities correction starting summer of 2008.Read full article... Read full article...
Thursday, February 12, 2009
Crude Oil WTI/ Brent Premium Inversion / Commodities / Crude Oil
Oh Yes They Did! - I've been trying to resolve what's behind the recent inversion of the historic premium that West Texas Intermediate [WTI] Crude Oil has enjoyed versus Brent Crude? Historically, West Texas Intermediate Crude Oil trades at a premium price to Brent Crude Oil for quality as well as logistical reasons. In recent weeks and months – WTI has been trading at a deep discount to Brent Crude:Read full article... Read full article...
Thursday, February 12, 2009
Comex Gold Net Longs and the Gold/ Crude Oil Ratio Divergence / Commodities / Gold & Silver 2009
The latest run-up in gold's secular bull market has reaches 7-month highs of $947/oz, triggered by an initial decline in the US dollar following a disappointing Tuesday market reception of the US Financial Stability Plan. Remarkably, however, gold shifted to the next gear despite a rebound in the US currency or the decline in oil prices, underscoring the metals improving allure as a yield replacement during interest rate-eroding policies in the industrialized world.Read full article... Read full article...
Thursday, February 12, 2009
The Final Hurdle for Gold May Have Been Passed / Commodities / Gold & Silver 2009
Bloomberg declares, “ Gold Soars to Highest Since July. ”
A Wall Street Journal headline proclaims, “ Gold is Flirting with $1,000, Again; ‘There's No Sign of the Market Tiring.'”
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Thursday, February 12, 2009
Junior Producer Picks as Gold Bull Market Rumbles On / Commodities / Gold & Silver Stocks
2008 was one of the worst years for suffering the market has ever thrown investors. Will 2009 be any better? Well I'm not optimistic but I don't rule out the occasional mini rally that sucks investors into believing everything is back on track. I do not think the market crash that started last year is over. Unemployment numbers are horrible, earnings for almost all sectors are in the red and looking to get worse. Obama's stimulus plan stinks to high heaven of rotten pork with very little of the total package actually going to where he promised during his election campaign.Read full article... Read full article...
Thursday, February 12, 2009
Precious Metals Strong on Protectionism and Worsening Banking Crisis / Commodities / Gold & Silver 2009
THE PRICE OF GOLD held steady ahead of the US opening on Thursday, recording the best London Gold Fix in 7 months at $944 an ounce.
World stock markets tumbled despite US lawmakers nearing final approval of their $789 billion stimulus bill.
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Thursday, February 12, 2009
Goldcorp Founder Forecasts Gold to Hit $5,000 by 2013 / Commodities / Gold & Silver 2009
Gold surged a further 3.3% yesterday to $942.45 (as did silver) as worries about the U.S. and global financial system and economy continue to grow and governments print money on an unprecedented scale to combat the economic crisis. Asian and European stock markets are again under pressure this morning.Read full article... Read full article...
Thursday, February 12, 2009
Gold Bull Market Projects to $2,300 by end of 2010 / Commodities / Gold & Silver 2009
The cup and handle pattern is one of the most prevalent and reliable technical patterns. It occurs often and in short, medium and super long-term time frames. Technical analysis is not an exact science. In fact it is more an art than science. The formation of a technical pattern doesn't imply infallibly, that the pattern will complete itself according to textbook manner. However, I find that the cup and handle pattern completes itself far more often than any other technical pattern. Its record is very good.Read full article... Read full article...
Thursday, February 12, 2009
Gold Bullion and Crude Oil Trading Analysis / Commodities / Gold & Silver 2009
Gold and gold equities have performed well over the past two months climbing in value as the broad market drifts sideways waiting for buyers or sellers to step up to the plate. I am hearing traders in a panic saying they think gold is going to start moving $100 per day and are jumping on the band wagon, and that gold's going to $3500 per ounce soon. While that is possible I just don't see it happening right now and that we need to jump on the band wagon and chase this high price. I provided three charts of gold and gold equities to show you how I see things right now.Read full article... Read full article...
Wednesday, February 11, 2009
Gold SPDR ETF GLD Upside Breakout / Commodities / Gold & Silver 2009
Spot Gold prices and the SPDR Gold Trust ETF (NYSE: GLD) are on the move again-- to the upside-- doing damage to key resistance levels. The enclosed daily chart pattern of spot gold is getting very interesting if you are a gold bull. Let's notice that today's upmove has hurdled key resistance created at last October's rally peak of $933.45, which ushered in a two-week period of falling prices to a $680.75 low -- a drop of 27%.Read full article... Read full article...
Wednesday, February 11, 2009
Gold Long-term Hedge Against Wealth Destruction / Commodities / Gold & Silver 2009
"...Gold is demonstrably not the ultimate inflation hedge. Nor is it anything much compared to stocks, bonds or real estate..."
"THE TWILIGHT of gold appeared to have arrived," wrote Niall Ferguson – now a Harvard professor, then an Oxford scholar – of the metal's 20-year bear market at the end of the last century.
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Wednesday, February 11, 2009
Fear Pushing Gold to New High this Year / Commodities / Gold & Silver 2009
Sean Broderick writes: I would like to state for the record that what's happening to the U.S. economy is freaking me out. And I think that if you're not scared, you're not paying attention.
That said, there are positive steps you can take to protect yourself and your portfolio — and I'll get to three of those steps in a minute. But just because I'm worried doesn't mean things can't end well. With some luck, maybe President Obama's economic team can stabilize things.
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Wednesday, February 11, 2009
Gold and Silver Market Manipulation Conspiracy / Commodities / Gold & Silver 2009
Goldsmiths Part XXX - To set the stage for what is to follow below, by this writer on the US invasion of Iraq in 2003, goldseek.com of Oct 1, 2008 had an article by Bix Weir on “My Gold and Silver Conspiracy Story” which really whets the appetite of a thinking person. Weir wrote that after WWII a vast gold hoard of Japanese gold (most of which was stolen from other Asian countries) was found hidden in over 175 different sites in the Philippine Islands by a member of General Charles Willoughby's staff. Willoughby was General MacA rthur's Chief of Intelligence.Read full article... Read full article...
Wednesday, February 11, 2009
Gold Surges Ahead of Record US Treasury-Bond Sale and China Forex Reserves Warning / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold bullion touched an 8-session high early in London on Wednesday, turning lower from $927.50 an ounce as world stock markets slipped following Wall Street's shock 5% slump overnight.Treasury-bond prices rose despite a record $21 billion auction of new 10-year notes due today, while crude oil slipped below $38 per barrel.
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Wednesday, February 11, 2009
Gold Surges as Nervous Chinese Begin to Diversiry Dollar Reserves into Gold / Commodities / Gold & Silver 2009
Gold surged yesterday (up 2.4% and silver was up 2.3%) as stock markets fell sharply with investors increasingly frustrated and nervous with the lack of details about the US government's latest $2,000 billion bank bailout plan.Read full article... Read full article...
Tuesday, February 10, 2009
Junior Gold and Silver Miners Staged to Climb from New Ground Floor? / Commodities / Gold & Silver Stocks
Whether irrational exuberance or the faltering dot-com industry triggered it, the economic downturn of 2001 hit junior resource companies hard. They bounced back in a big way. “Downturn” understates the current scenario, but AlphaNorth Asset Management President and CEO Steve Palmer sees similarities. He looks forward to taking advantage of opportunities “to get in on some of what has now become the new ground floor” and make some “tremendous gains.” While he anticipates more bad news on the employment front, he also tells The Gold Report followers that he believes “we've avoided the abyss” and confidence is returning.Read full article... Read full article...