Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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...
Tuesday, February 10, 2009
Agri-Foods Prices Advancing in the Face of Strong Mega-trend Fundamentals / Commodities / Agricultural Commodities
Structural investments are perhaps the most powerful. Gold has, for example, been in a structural bull market for more than a decade. Those political and economic trends that have propelled Gold from $250 were simply a “carnival” ride that had only one way to go, up. The structural deficits of the U.S., which stem from an intellectual deficit in government, meant that Gold had could only go up. All one had to do was identify the structural bull, and remain seated for the entire ride.Read full article... Read full article...
Tuesday, February 10, 2009
Canadian Gold Miners and How to Invest With $5,000 to $10,000 Revisited / Commodities / Gold & Silver Stocks
Perhaps you recall about one year ago we had a serious of articles, How to Invest….
We can all agree it has been one hell of a year so we thought it timely to revisit our previous article and see what new light we can shed on your investments decisions. Many of you have lost a substantial amount of monies over the last year, however we encourage you to look at the bright side in that now with the market for the junior's and smaller exploration companies down substantially, your investment dollars allow you to purchase more shares at the current depressed prices.
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Tuesday, February 10, 2009
Gold Recovers on U.S. $1.5trn Financial Aid for Banking Sector / Commodities / Gold & Silver 2009
THE SPOT PRICE of wholesale gold jumped 1.2% lunchtime Tuesday in London, rising back above $900 an ounce as world equities ticked lower and the European single currency bounced sharply on the forex market.Crude oil recovered the $41-per-barrel mark. Government bonds rose across the board.
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