Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, January 24, 2009
Gold Upside Breakout Trading and Analysis / Commodities / Gold & Silver 2009
I think that the gold market is getting wound up. If I’m right, we’re going to see an explosion in gold to the upside.Here’s the reasoning behind my optimism for this market: Right now we’re seeing gold in an accumulation phase. A move over the $875 level in the spot market will signal the first step to propelling gold in an accelerated upward trajectory.
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Friday, January 23, 2009
Gold Price Trend Volatility 2009 / Commodities / Gold & Silver 2009
Already into 2009 we are experiencing trend -threatening moves in various markets. Should we believe that the markets are directionless? Can we rely on the charts to give us direction? What of the fundamentals of markets are they reliable guides? Most important of all, are investors capable of responding to the directions given by fundamental and technical indicators? Are these ridiculous questions? They would have been a couple of years ago, but now need to be considered carefully.Read full article... Read full article...
Friday, January 23, 2009
Gold Miners GDX ETF Reaches New Recovery Highs / Commodities / Gold & Silver Stocks
The Market Vectors Gold Miners ETF (AMEX: GDX) is taking its lead from the gold market this morning, rather than the equity market, which has propelled the gold mining index to a new recovery high. More importantly, however, is that the price structure is attempting to hurdle a resistance plateau that represents the neckline of a base-like pattern that has developed during January.Read full article... Read full article...
Friday, January 23, 2009
Should You Invest in Silver Now? Rich Dad Thinks So! / Commodities / Gold & Silver 2009
What most investors hear time and time again is that "timing is everything." This is an important factor for any investor and especially those who aspire to become truly financially independent. And, no one knows how to time the market like Robert Kiyosaki – author of Rich Dad, Poor Dad.Read full article... Read full article...
Friday, January 23, 2009
Gold Jumps to New Euro & Sterling Highs due to Government Debt Risk Issues / Commodities / Gold & Silver 2009
THE PRICE OF GOLD BULLION leapt to a 3-week high at the London opening on Friday, while world stock markets fell for the 11th time in sixteen sessions this month.
The US Dollar also continued to gain, reaching a 6-week high vs. the Euro and fresh 23-year highs vs. the Pound.
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Friday, January 23, 2009
Gold Price Relative Performance v. Currencies / Commodities / Gold & Silver 2009
The last time I looked at gold was on January 2, 2009 . Gold had closed above its "simple 10 month moving average and above a down sloping trend line formed by two prior pivot high points."I went on to state: "Typically and on a purely price action basis, I would consider this bullish. However, for gold, these technical milestones have failed to produce any meaningful edge especially when we apply other filters of the price action (such as the "next big thing" indicator). In other words, I don't believe that this represents the beginnings of a new secular up trend in gold."
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Friday, January 23, 2009
Silver and the Chinese Production / Commodities / Gold & Silver 2009
Bloomberg put out some interesting news regarding the silver market stating that refined silver output in China has peaked and it could stop growing because less will be produced as a result of halting of mine expansions, higher costs for production and lower prices received for the metal itself.
Zhou Juqiu, chairman of the gold and silver division at the China Non-ferrous
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Thursday, January 22, 2009
Gold Price Forecast 2009 / Commodities / Gold & Silver 2009
My existing forecast for the Gold price trend during 2009 as of October 2008 has been for a volatile sideways trading range of between $930 and $700, subsequent price action has so far been in line with this. Therefore this analysis seeks to update the Gold Price expectations for 2009 in the light of "Quantative Easing" aka "Money Printing" as many gold investors are taking their cue from the recovery in gold stocks for much brighter prospects for gold to target a breakout to new highs during 2009.Read full article... Read full article...
Thursday, January 22, 2009
Gold GLD in Bullish Consolidation / Commodities / Gold & Silver 2009
Gold continues to act extremely well, despite a still-strong performance of the dollar and general commodity weakness. Why? I am not sure, but there is certainly no shortage of fear about markets, economic growth, beleaguered banking systems, and growing budget deficits to elicit a newfound attraction to gold.Read full article... Read full article...
Thursday, January 22, 2009
Physical Gold Demand Jumps as an Alternative to Cash Paper Fiat Money / Commodities / Gold & Silver 2009
THE PRICE OF GOLD dropped $10 per ounce to $845 early in London on Thursday, while world stock markets continued to recover from Tuesday's sharp sell-off.Read full article... Read full article...
Thursday, January 22, 2009
Quantative Easing Raises Spectre of Weimar Germany and Hyperinflation / Commodities / HyperInflation
Gold fell slightly yesterday consolidating on the sharp gains of the inauguration day. Gold rose some $10.00 to $865.00 by early trade in London before falling in Europe and early trading in the US, but it then rallied back higher in afternoon trade and ended with a loss of just 0.40%. Silver traded similarly but as has been the case recently outperformed gold by rising over 1%.Read full article... Read full article...
Thursday, January 22, 2009
Does Gold Price Manipulation Render Technical Analysis Obsolete? / Commodities / Gold & Silver 2009
Hardly day goes by without one of my subscribers asking me the above question. In this article I will attempt to provide some answers.
The fact that manipulation exists has been well documented; first by Frank Veneroso, later by John Embry, while he was Portfolio Manager at RBC Global Investment Fund.
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Thursday, January 22, 2009
2009: Dollar, Debts and Deficits to Eventually Drive Commodities Higher / Commodities / Investing 2009
Happier New Year - 2008 will (hopefully) go down as the most difficult year investors ever have to face. While we certainly are not promising a rapid return to a true bull market we think there will be profit opportunities going forward, some of them substantial.
Great risks remain however and even in the rosiest scenarios this will be a traders market for months if not years to come. Any gains in the market will be hard won and made against the backdrop of economic stats that will continue to be awful. It will be important to harvest profits when you're able and building cash for use later to patiently buy longer term bargains. We will cover a number of sub sectors in this first issue of 2009 with some comments at the end on the mining sector as a whole.
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Thursday, January 22, 2009
The Six Biggest Myths About Gold / Commodities / Gold & Silver 2009
Gold. People either love it or hate it. There aren't many who feel ambivalent toward it. Unfortunately, gold is deeply misunuderstood by investors, and that misunderstanding is hurting their portfolio returns. Many in the inuvestment community trot out the old myths about gold: that it is a bad investment; that it is very risky; that it is not a good inflation hedge. But is there anything behind these assertions? If investors take the time to examine the facts, these commonly held beliefs simply do not stand up to scrutiny. It is precisely because these myths have become so prevalent that gold is still undervalued. Once the general public realizes these beliefs are not valid, the price of gold will be much higher.Read full article... Read full article...
Thursday, January 22, 2009
Investing in Oil Stocks as Dividend Paying Currencies / Commodities / Oil Companies
The Holy Book tells us that there is a time to every purpose under heaven. Or was that the Byrds? In any event, these times have done an outstanding job of confounding all the investment world's beastly inhabitants, bull and bear alike. Just where the markets are headed a day or two from now is anybody's guess.Read full article... Read full article...
Wednesday, January 21, 2009
Gold Safehaven as U.S. and UK Head for Bond Default and Devaluation / Commodities / Gold & Silver 2009
The PRICE of WHOLESALE GOLD BULLION clung onto Tuesday's sharp 4% gains early in London today, adding to the "Obama Bounce" for Euro and UK investors while world stock markets fell for the ninth session in thirteen during 2009 so far."Gold experienced massive fund buying when New York markets opened" yesterday, notes Walter de Wet, senior commodities analyst for Standard Bank in Johannesburg.
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Wednesday, January 21, 2009
Gold and GLD Poised To Breakout Higher / Commodities / Gold & Silver 2009
As the equity markets continue their death spiral, gold becomes more attractive. This argument is clearly demonstrated by the chart. At this point, the Street TRACKS Gold Trust Shares (GLD) chart indicates Gold may be poised to go higher.Read full article... Read full article...
Wednesday, January 21, 2009
A Winning Situation for Gold Stocks in 2009 / Commodities / Gold & Silver Stocks
Heralded as “the best of today’s best,” John Doody, author and publisher of the highly regarded Gold Stock Analyst newsletter, brings a unique perspective to gold stock analysis. In this exclusive interview with The Gold Report, Doody ponders the efficacy of the Keynesian approach, makes a case for gold equities and explains how the GSA Top 10 Stocks portfolio has outperformed every other gold investment vehicle since 1994.Read full article... Read full article...
Wednesday, January 21, 2009
Money Supply Growth Will Drive U.S. Dollar Lower and Gold Higher / Commodities / Money Supply
The 1930s was the birth of Keynesianism. Economists needed a simple answer as to why they had been so wrong. Since then, the U.S., and much of the rest of the world, has endured 70 years of economic concepts that have generated a continuous lack of success in economic matters. Most professions would seriously review their methodology when faced with as many repeated failures. Not so for the economics community. They just keep coming with more of the same failed policies.Read full article... Read full article...
Tuesday, January 20, 2009
Silver Heading for Out-performance Against Gold During 2009 / Commodities / Gold & Silver 2009
Silver did as predicted in the last update, dropping back towards $10 from the then price at $11.50. It got down to about $10.20 and then bounced. Now it is clearly rounding over beneath a small Dome distribution pattern, marking out what looks like a small Head-and-Shoulders top. Thus, we can expect a retest of the support in the $10.20 area soon, and should this fail then silver is likely to drop back to the next significant support level near last year's lows in the $8.50 - $9.00 area.Read full article... Read full article...