Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, February 06, 2009
Gold Boosted by Unprecedented Global Money Printing / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold remains firm as there is increasing nervousness about the global economy and indeed nervousness about the global monetary system and this is leading to continuing strong investment demand. Gold remains at or near record highs in nearly all major currencies ($914.00 £622.11 €713.06) and looks set to regain its nominal record high of $1,030/oz in the coming weeks. UBS joined Goldman Sachs and Merrill Lynch in drastically increasing their gold price forecasts yesterday. UBS has increased its 2009 average gold price forecast to $1,000 an ounce from $700 as investors seek a safe haven from the financial turmoil.Read full article... Read full article...
Thursday, February 05, 2009
Crude Oil USO ETF Advances Off of New All-Time Low / Commodities / Crude Oil
By: Mike_Paulenoff
The US Oil Fund ETF (NYSE: USO) is showing interesting strength today after making a new all-time low this morning. As we speak the USO is pushing against initial key near-term resistance at 29.00, which if hurdled should trigger upside follow-through to test more important resistance at the prior recovery rally peak of 29.50. If such a scenario unfolds, then the confrontation at 29.50 will determine if the USO has established a very significant intermediate-term low.Read full article... Read full article...
Thursday, February 05, 2009
Why Silver is Set for a Great Year / Commodities / Gold & Silver 2009
By: Money_and_Markets
Sean Brodrick writes: Boy, I wish I had a time machine. I wouldn't have to go far — just back a few months to buy silver at under $9 an ounce (a 38% discount to recent prices) and gold at under $715 (a 27% discount to recent prices).
Well, I do have the next best thing, though — a list of undervalued gold and silver miners that are trading at dirt-cheap valuations to their gold reserves.
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Thursday, February 05, 2009
Analysis of Canadian Junior Gold and Silver Mining Stocks CDNX Index / Commodities / Gold & Silver Stocks
By: Clive_Maund
For over 18 months most junior mining stocks have put in an absolutely terrible performance. The chart for the CDNX index, which best represents junior gold miners as it is made of about 500 stocks most of which are mining stocks, makes this abundantly clear - and many investors in the sector will not of course need reminding of this. Read full article... Read full article...
Thursday, February 05, 2009
Currency Crisis: First Sterling, Now the Euro, and Then...? / Commodities / Gold & Silver 2009
By: Adrian_Ash
How to get a jump on the big central banks as interest rates race towards zero worldwide...
OF SIX CENTRAL BANKS voting on interest rates this week, only the European Central Bank in Frankfurt failed to reduce its cost of money to either record or multi-year lows, holding rates steady at 2.0%.
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Thursday, February 05, 2009
Gold is Dead and Neitzsche had Nothing to do with it / Commodities / Gold & Silver 2009
By: Oxbury_Research
“Gold kind of scares me because very often the people involved with it seem to be slightly insane.”– James Montier, head of equity research, Societe Generale, London
Some say that it doesn't matter when you buy gold, that you should buy it regularly and always, and that it represents the only true store of value. Fair enough. When all is said and done, buying gold may be the only means of acquiring real wealth for the very long term. Especially today, when all major currencies are devaluing by hook or by crook – some voluntarily, others not so – it behooves an investor to shore up his gold holdings.
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Thursday, February 05, 2009
Gold Price Disconnects from the U.S. Dollar / Commodities / Gold & Silver 2009
By: Jim_Willie_CB
The gold price has finally disconnected from its nemesis, the USDollar. This news should be read as the coming of spring after months of wintry torment, or as the sighting of land after 30 days adrift at sea in a derelict vessel. From 2002 to very early 2008, the gold price had risen from the massive speculative fervor that swept the United States and Europe, whose economies had been supplied largely by Asian factories. The mines from Latin America to South Africa to Australia greatly aided the process. Read full article... Read full article...
Thursday, February 05, 2009
Gold Boosted by Zero Yield, as World Currencies Devalue on Negative Real Interest Rates / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE SPOT GOLD PRICE jumped sharply for US and Euro investors on Thursday morning in London, rising 1.7% and 1.4% respectively as world stock markets fell despite fresh cuts to central-bank interest rates.
Of five central banks voting on rates this week, only the European Central Bank (ECB) in Frankfurt failed to reduce its cost of money, holding rates steady at 2.0%.
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Thursday, February 05, 2009
Goldman Sachs Gold $1000 as Safehaven Asset / Commodities / Gold & Silver 2009
By: Mark_OByrne
With stock and bond markets under renewed pressure, gold remains very well bid and is up some 0.6% in early trading in Europe.
Goldman Sachs have increased their forecast for gold from the previously very low $700/oz to over $1,000/oz in the next three months due to “rising investor demand for safe haven assets”.
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Thursday, February 05, 2009
Crude Oil Investors Made 566% the Last Time This Happened / Commodities / Crude Oil
By: Q1_Publishing
No one really knew what to expect when Sid Bass took over the family oil business in 1968. Sid's father and uncle were wildcatters who struck it rich in the 1930's. The two built an oil company with 120 wells and a combined fortune of $50 million over the next three decades.
In 1968, the family fortune was handed over to Sid. Once at the helm, Sid hired Richard, one of his old college buddies, away from Goldman Sachs to help him invest the family's fortune.
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Wednesday, February 04, 2009
Gold Part Commodity Part Currency Eyes $1,000 Near Term / Commodities / Gold & Silver 2009
By: Oxbury_Research
I love to analyze gold here in issues of Bourbon and Bayonets , especially with a focus on the macroeconomic issues that are extremely bullish for our favorite yellow metal. The economic crisis and complete lack of competence from our leaders has resulted in a current financial climate that will result in the most fantastic run the price of gold has ever experienced. The quantitative easing around the globe is definitely the greatest single bullish fundamental that will drive gold going forward. It's not the only reason gold will rise in price, but it definitely carries the most weight. Read full article... Read full article...
Wednesday, February 04, 2009
Gold Recovers Back to $900 as Global Demand Remains Robust / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold has recovered somewhat from the 1.5% loss yesterday to close at $890.60 (as did silver which was down 0.6%) and rose 1% in after hours and is trading at just below $900/oz in late morning trading in Europe.
While stock markets have had a relief rally on a return of risk appetite, the US bond market was again under pressure as was the dollar. Selling in bonds markets and of the dollar is likely to increase in the coming weeks and this should see gold look to regain the $1,000/oz mark.
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Wednesday, February 04, 2009
Gold and Crude Oil Top Peter Grandich’s Investing 2009 Shopping List / Commodities / Resources Investing
By: The_Gold_Report
Peter Grandich, creator and producer of The Grandich Letter for a quarter century, allied himself with AGORACOM in October, bringing his well-known and oft-quoted commentaries to a far wider audience than his subscriber base and financial media such as The Wall Street Journal, MarketWatch, CNN, GlobeInvestor, Financial Post and BNN. Breaking away briefly from his recent blogging, the veteran Wall Street watcher and investment advisor tells The Gold Report readers what he likes looking forward—gold (up to $1,000) and oil (between $35 and $40). Also high on his list: uranium (for the nuclear renaissance), junior miners (a select few), and Canadian banks (pretty much all of them). Read full article... Read full article...
Tuesday, February 03, 2009
The Long-Run Real Value of Gold, Part II / Commodities / Gold & Silver 2009
By: Adrian_Ash
"Gold-backed money retained its real value for 350 years in the United States and Great Britain. It's only just clawed back to that level for investors today..."
BY THE TIME the War of the Spanish Succession was finished in 1715, the French King – who admitted that he "loved war too much" – owed the equivalent of £300 million.
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Tuesday, February 03, 2009
Gold Being Driven to New Highs by Obama Pork Stimulus Plan / Commodities / Gold & Silver 2009
By: Ned_W_Schmidt
Last week the U.S. Congress did us all a favor. $Gold rose by about $40 due to their efforts. What did they do? Well, the U.S. Congress voted to risk another depression by including a “Buy American” clause in what is mistakenly referred to as an economic stimulus plan. That clause bars the purchase of imported iron and steel. If the U.S. Senate persists in the “Buy American” requirements, and also bars the purchase of manufactured goods, in the American Recovery and Reinvestment Act of 2008 that risk of a depression will rise further. If ultimately signed into law, the Obama Depression looks like a betting man's risk. Read full article... Read full article...
Tuesday, February 03, 2009
Gold Investment Demand Jumps as Governments Pump Fresh Billions into Bankrupt Banks / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD held in a $10 range during Asian and London trade Tuesday morning, bouncing from a 3-session low of $896 an ounce as world stock markets capped their losses for 2009 to date at 10% and more.
Crude oil crept back above $40 per barrel on rumors the Opec oil cartel cut January production to reduce the global supply-glut.
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Tuesday, February 03, 2009
Gold Consolidates as January Portends for Bearish Year for Stock Markets / Commodities / Investing 2009
By: Mark_OByrne
Gold continues to consolidate near recent highs despite profit taking falls. It remains near record highs in British pounds, Euros (03-Feb-09 London AM Fix: $902.00, £636.02, €702.93 ) and many other currencies internationally as fiat currencies internationally come under pressure due to the unprecedented zero percent interest rates, quantitative easing, bailouts and stimulus packages. Read full article... Read full article...
Monday, February 02, 2009
Gold Manipulation and How Deflation Creates Hyperinflation / Commodities / Gold & Silver 2009
By: Rob_Kirby
We've All Been Had - As world leaders gathered over this past week for their annual wine-and-cheese ski-fest in Davos, Switzerland – perhaps we, the little people, should all take-stock [or a forensic account, perhaps?] of the cards we've been dealt.Read full article... Read full article...
Monday, February 02, 2009
Natural Gas ETF UNG Significant Low? / Commodities / Natural Gas
By: Mike_Paulenoff
The bull trap (failed upside breakout) above 19.00 on Friday was followed by a stair-step decline that pressed the US Natural Gas Fund ETF (UNG) to a new all-time low this morning at 17.76, which from my technical perspective either represents the conclusion of the entire downleg from the 1/06 recovery high at 25.83 -- ahead of the start of a powerful rally period -- OR initiation of a new downleg that will press the UNG towards 15.00. Read full article... Read full article...
Monday, February 02, 2009
The Gold Silver Ratio Analysis Update / Commodities / Gold & Silver 2009
By: Roland_Watson
How has the Gold Silver Ratio (GSR) been doing recently and how does this stand up against the price action of gold and silver over the past years?
Now I don't personally use this ratio to trade in and out of silver. Some people swear by it and use it as a useful tool to swap between silver and gold when one becomes undervalued relative to the other. Where I come from in Britain with the high sales tax and spreads on silver, such a pursuit is not very profitable but I know it is for others.
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