Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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.
Read full article... Read full article...
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.
Read full article... Read full article...
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...
Sunday, January 18, 2009
Gold Fails to Get Stimulated / Commodities / Gold & Silver 2009
$30 up, $30 down but in the end nothing seems to be happening. Do those “professionals” who are capable of moving prices REALLY know what's going on? Sometimes I wonder.
STIMULUS, STIMULUS EVERYWHERE
Read full article... Read full article...
Saturday, January 17, 2009
Silver Mining 101 and the Imminent Rush to Precious Metals / Commodities / Gold & Silver 2009
- Silver mining 101
- The cure for low silver prices
- Silver supply growth slowing
- Currency supply exploding
Saturday, January 17, 2009
Prospects for Crude Oil Recovery During 2009 / Commodities / Crude Oil
Last Sunday 60 Minutes posed the question, “Did speculation fuel oil price swings?”
The news show's investigative team naturally delved into the personal story of how a small-town heating oil company can't predict the oil prices. Although I'm sure they left out his solution of charging a very high premium to his customers to ensure he doesn't get left holding the bag.
Read full article... Read full article...
Friday, January 16, 2009
David Mason: Gold Producers Pioneer Commodities 1Q09 / Commodities / Gold & Silver 2009
Mix one part mining analysis with one part corporate finance, then add 25 years of investing experience to get executive chairman and founder of Augen Capital Corp., David Mason. In its first 10 years, Mason's merchant bank completed 250 investments and financings and emerged as an industry leader in tax-advantaged flow-through investments in Canada's resource sectors. In this exclusive interview with The Gold Report, Mason discusses market fears, a weakening U.S. dollar and "the most important factor" that will drive gold ahead of the commodities pack in 1Q09.Read full article... Read full article...
Friday, January 16, 2009
Gold Prices Headed Higher / Commodities / Gold & Silver 2009
While the banks stocks implode, let's have a look at the pattern developing in spot gold, which is 10 times the price of SPDR Gold Shares ETF (NYSE: GLD). Spot gold prices pivoted to the upside off of the $800 level, which also coincided with a successful test of the Nov.-Jan. support line ($811) and the rising 50 DMA ($812).Read full article... Read full article...
Friday, January 16, 2009
Gold Will Emerge Winner in this Tug of War / Commodities / Gold & Silver 2009
A Federal Reserve balance sheet that has grown from 900 billion to well over 2 trillion since last fall may be on its way to 10 trillion according to some observers. There is no denying it's been pedal to the floor in money-printing efforts to restore the credit markets back to health.Read full article... Read full article...
Friday, January 16, 2009
Silver and the Minimum Wage / Commodities / Gold & Silver 2009
Many of us who write about the precious metals field have put out their 2009 forecasts and predictions for the New Year. This writer is no exception, but it seemed to me that it might be nice to look at my mission statement and determine if I could compose a simple story that might engage the reader to think about the current dire state of affairs in the economy and how an honest “money” system might help on an individual basis.Read full article... Read full article...
Friday, January 16, 2009
Crude Oil Record Contango Situation Causing Producers to Hoard Supplies / Commodities / Crude Oil
West Texas Intermediate Crude ( WTIC ) typically trades at a premium to Brent Crude (North Sea). Lately the pattern has reversed and now the WTIC discount to Brent is staggering as the following chart of the February contract captured on Thursday shows.Read full article... Read full article...
Friday, January 16, 2009
Gold Rallies with Stocks as $1.3 trillion of "Aid" Caps the U.S. Dollar / Commodities / Gold & Silver 2009
SPOT GOLD BULLION rose further from yesterday's 5-week low early Friday in London, bouncing together with world stock markets after Washington pumped more than $1.3 trillion into the US financial and economic systems.This fresh flood of money – promised in a series of announcements – put a floor beneath Wall Street stocks, commodity prices and foreign currencies, sparking a rally in all asset classes bar government bonds.
Read full article... Read full article...
Thursday, January 15, 2009
Bear Market in Crude Oil / Commodities / Crude Oil
Crude oil was off as much as 10 percent during Thursday's trading on the NYMEX, before closing the session 5 percent lower at $35.40. Reuters has the story ." Oil prices fell more than 10 percent on Thursday to a one-month low as thickening economic gloom added to expectations that world energy demand would keep shrinking.
Read full article... Read full article...
Thursday, January 15, 2009
Will Gold Skyrocket to New Highs? / Commodities / Gold & Silver 2009
Larry Edelson writes: In my August 2 and September 6, 2007 , Money and Markets columns, with gold trading at $664 and $694, respectively, I told you to increase your core gold holdings.
Since then, gold has risen to $855, a gain of as much as 28.7%. Assuming you had invested equal amounts on the aforementioned dates, your gold positions have gained an impressive 25.9%.
Read full article... Read full article...
Thursday, January 15, 2009
The Pump is Primed, Crude Oil Set To Go Higher / Commodities / Crude Oil
Off over $100 since its high in mid-2008, oil seems set to be set for some upward movement. Internationally renound commodities investor Jim Rogers was recently quoted on his forecast:
We're going to see US$200 oil at some point, it may be by 2013. It's a sad fact but the world is running out of known oil. Oil will make a big comeback
Read full article... Read full article...