Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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...
Tuesday, January 20, 2009
Gold, U.S. Dollar and Treasuries Head and Shoulder Price Patterns / Commodities / Gold & Silver 2009
The 3 main predictions made over the past several weeks have come to pass - bonds have topped out and come close to completing a Head-and-Shoulders reversal, the dollar index has rallied further to our target in the 84 - 85 area and gold and silver have reacted, with silver reacting mildly compared to gold, also as predicted. The question now of course, particularly after the strong gains on Friday, is whether the reaction in the Precious Metals sector has run its course. Before attempting to answer this question it is worth stepping back to make some general observations about gold and the grave financial crisis gripping the world.Read full article... Read full article...
Tuesday, January 20, 2009
Gold Hits New Sterling Record as the British Pound Crashes Against the Dollar / Commodities / Gold & Silver 2009
THE PRICE OF GOLD leapt late-morning in London on Tuesday, gaining more than 4% vs. the US Dollar as the world's media awaited President Barack Obama's inauguration speech in Washington.The Gold Price in Euros also jumped 4%, reaching a 15-week high above €660.
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Tuesday, January 20, 2009
Gold Soars on Concerns Over Asset Backed Derivatives and ETF's / Commodities / Gold & Silver 2009
It is a historic day for the world with the inauguration of the 44th President of the United States of America. Gold has rallied by more than 2% despite continuing dollar strength and oil having collapsed 7% to just over $34 per barrel (Light Sweet Crude Oil Future - Combined - FEB09 : -7.6%) . While the dollar is up on hopes that President Obama can turn around the ailing US and indeed the global economy, stock markets internationally are under pressure again today with increasing concerns regarding the international banking and financial system.Read full article... Read full article...
Tuesday, January 20, 2009
Crude Black Gold vs Yellow Gold, Who’s Ready to Rally? / Commodities / Crude Oil
While gold was extremely popular the past few years, I think its safe to say crude oil is unbeatable for popularity, as it's a resource which almost everyone uses on a daily basis and it effects all of us in the wallet when oil prices rise as fuel, shipping costs and petroleum products start to cost more and more. This is the first time I have REALLY noticed everyone is following the price of oil. When kids start talking about it, then you know its being watched like a hawk from all types of individuals and traders.Read full article... Read full article...
Monday, January 19, 2009
Gas Prices Rollercoaster: Why Energy and Infrastructure Are Inextricably Linked / Commodities / Gas - Petrol
President-elect Obama takes office in less than a week's time. While many will be watching closely to see how he handles the ongoing financial crisis, I'll be equally interested to see how he handles a far more ominous one: our ongoing energy and infrastructure crisis. Regular readers know I believe energy and infrastructure are inextricably combined. We need cheap energy to fuel sustained economic growth. And we need infrastructure in place to move and dispense the energy from its source to its destination. Today I'm going to give you a perfect example of how the two are intertwined, and how one can play off the other to create a positive benefit for all.Read full article... Read full article...
Monday, January 19, 2009
Gold Is A Beach Ball Being Held Under Water / Commodities / Gold & Silver 2009
Perhaps the best analogy to explain the fundamental condition of gold is that it's like a beach ball being held under water, where at some point it will escape the clutches of its oppressor, springing it into the light of day for all to see its true worth. Even a child could understand such a condition when explained in terms of a beach ball. When it comes to the day-to-day trials and tribulations of gold however, it's not that simple unfortunately, because although gold is the oldest form of true money on the planet, it's also a political metal caught up in the biggest fiat currency / Ponzi scheme in the history of mankind.Read full article... Read full article...
Monday, January 19, 2009
Gold Slips as Full Nationalization of Western Banks Beckons After Fresh Record Losses / Commodities / Gold & Silver 2009
THE SPOT PRICE of wholesale gold bullion slipped early Monday in London, dipping 1% to $837 an ounce as European stock markets reversed an early gain despite a fresh flood of tax-payers' money to the financial sector.Both the US Dollar and Japanese Yen bounced on the foreign exchanges, while crude oil slipped back to $35 per barrel.
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Monday, January 19, 2009
Gold Rallies Ahead of Historic Obama Amidst Monumental Macroeconomic Challenges / Commodities / Gold & Silver 2009
Gold rallied on the open in Asia to over $845/oz overnight before falling on a stronger dollar, then rising again in early morning trade in Europe before falling again to $838/oz, some $3/oz below its close on Friday.Read full article... Read full article...