Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, January 15, 2009
Gold Unmoved by ECB Interest Rate Cut / Commodities / Gold & Silver 2009
THE PRICE OF WHOLESALE GOLD BULLION was left little changed by the widely-anticipated cut to Eurozone interest rates Thursday, trading at $809 an ounce in London – and down more than 5% for the week so far – as global stock markets plunged yet again.The European Central Bank (ECB) lopped 0.5% off its key interest rate, taking it back to the record low of 2.0% hit during the last global "Deflation Scare" of 2001-2004.
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Thursday, January 15, 2009
Gold Trades Flat Ahead of ECB Interest Rate Decision / Commodities / Gold & Silver 2009
Gold is marginally higher today but has fallen to one month lows as markets await the ECB interest rate decision. The ECB is expected to cut by 0.5% today and that has put the euro and gold under pressure as the dollar has strengthened in recent days.Read full article... Read full article...
Thursday, January 15, 2009
Trading Gold Using Gold Stocks as an Leading indicator / Commodities / Gold & Silver 2009
I find from time and time that gold stocks tend to lead the price of gold during extreme times and as I mentioned in last weeks report the HUI index has warned us up to 7 days in advance, before gold made sizable drop. Well this week is a perfect example in my opinion.
The charts below show how gold stocks became bearish much quicker than the price of gold indicating we should see lower gold prices soon. This time the HUI index gave us 5 days advance warning that gold will eventually drop quickly to catch up and the chart below show this.
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Wednesday, January 14, 2009
Gold Spot to Futures Price Gap Portends for Price Boom / Commodities / Gold & Silver 2009
Most consider the New York market ‘spot’ price for an accurate indication of the true price. However, investors now buying buy physical or ‘fabricated’ gold, are paying a premium of between $20 and $30 per ounce. When these gaps existed in the past, major increases in the price of gold were imminent.Read full article... Read full article...
Wednesday, January 14, 2009
The "Truth" About the Gold Market Today / Commodities / Gold & Silver 2009
Just what is the link between retail gold coin prices and the apparent manipulation of gold futures & options...?YOU MAY HAVE SEEN some rather wild commentary of late concerning gold and silver prices. I can't vouch for the silver market – small, tight and still dependent on fast-falling industrial demand though it is. But as regards Gold Bullion , this sensational "analysis" mistakes the key basics of how the gold market actually works.
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Wednesday, January 14, 2009
Making Money in Troubled Times, Precious Metals Investing / Commodities / Gold & Silver 2009
Keynote Speech Presented by Nick Barisheff at the Empire Club's 15th Annual Investment Outlook Luncheon - Thursday January 8, 2009. Today's topic at this 15th Annual Investment Outlook is “Making Money in Troubled Times”. This may be quite a challenge in 2009 if investors continue to do what they've always done. However, there is always a bull market somewhere and making money in troubled times is possible if you correctly identify the dominant trends and adjust your portfolios accordingly.
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Wednesday, January 14, 2009
Forecasting Crude Oil Price Through the Gold Ratio / Commodities / Crude Oil
If you assume (and that is a uncertain assumption) that gold is fairly priced, and that oil is in search of its fair price, it may be possible to glimpse the “fair value” of crude oil by examining the historical price relationship between the two commodities.Read full article... Read full article...
Wednesday, January 14, 2009
Gold Steady as Stock Markets Head Sharply Lower / Commodities / Gold & Silver 2009
SPOT GOLD PRICES ticked down from a two-day peak after the London Gold Fix on Wednesday morning, slipping to $823 an ounce as European stock markets slumped for the fifth session running.Crude oil pushed up to $39 per barrel – a level first breached in May 2004 – while government bond prices slipped lower worldwide, pushing the 10-year German bund yield back above 3.0%.
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Tuesday, January 13, 2009
Upside Continuation for Crude Oil USO ETF / Commodities / Crude Oil
Let's have a look at my updated hourly chart analytics of the US Oil Fund ETF (NYSE: USO), and bear in mind, that the API (American Petrol Institute) inventory data now come out on Tuesday's after the close (I think 4:30 PM ET), while the DOE data come out on Wed.'s at 10:35 AM ET, which adds a bit of volatility and decision-making to situation.Read full article... Read full article...
Tuesday, January 13, 2009
Agri-Foods Bullish Outlook due to Over Optimistic USDA Crop Forecasts / Commodities / Agricultural Commodities
Remember as we have talked before, commodities is not a homogeneous asset class. It includes three asset groups, each with distinctively different dynamics and drivers. Energy group, for one, includes oil, natural gas, uranium, etc. Mineral ores, the second group, includes iron, copper, Gold, etc. Third group is Agri-Food, which includes corn, soybeans, pork, etc. That latter group is now again separating itself from the others, and moving on its own path.Read full article... Read full article...
Tuesday, January 13, 2009
Fuel Cell Cars Provide New Uses for Rhodium, Platinum / Commodities / Renewable Energy
The recent price lows of Rhodium ($1200 an ounce) suggest that investors are worried about its future needs in car manufacturing. Rhodium, a noble metal, is primarily used in catalytic converters for combustion engine vehicles. Because of the recent down-turn in the auto industry, investors have stayed away from the metal over concerns of reduced usage in manufacturing. The price of platinum has been affected for similar reasons.Read full article... Read full article...
Tuesday, January 13, 2009
Gold Trends Lower as Dollar Rally Continues / Commodities / Gold & Silver 2009
THE PRICE OF GOLD BULLION let slip a 0.9% spike Tuesday lunchtime in London, struggling near a one-month low as world stock markets tumbled for the fourth session running.Both the US Dollar and Japanese rose yet again on the currency market, while crude oil fell back to $36.50 per barrel.
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Tuesday, January 13, 2009
Gold and the New Era, The Financial Times They Are A'changin' / Commodities / Gold & Silver 2009
Change is never easy and extreme change is the most difficult of all - Twelve years ago, the esteemed Financial Times in an editorial announced The Death of Gold ; and, in 2004, another contributor to FT noted, the end of gold as an investment has come a little closer .
Recently, however, on January 5, 2009 the Financial Times published David Hale's There Is Only One Alternative To The Dollar . Long-time subscribers to FT may be surprised to find that alternative to be gold—or, then again, they may not be surprised at all.
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Monday, January 12, 2009
Monsanto’s Law Suits, GMO, Commodites and How You Can Profit / Commodities / Agricultural Commodities
A recently published story by independent columnist Lynn Cohen-Cole recently, Monsanto Investigator in Illinois Laughs They Are Doing ‘Rural Cleansing' , reports that Monstanto has begun serving warrants on seed cleaners. Though not a well-known profession outside of farming, seed cleaners basically take left over plant material and seperate out the seeds for use in the next season. Because many of these seeds are patented GMO products, farmers are restricted by law from doing this without paying a licensing or royalty fee to the patent owner. Monsanto is targeting the seed cleaners as facilitators of illegal actions.Read full article... Read full article...
Monday, January 12, 2009
Gold Falls Through Major Support as U.S. Dollar and Yen Rise / Commodities / Gold & Silver 2009
THE PRICE OF GOLD sank ahead of the US opening on Monday, dropping $20 in 20 minutes of London trade to bounce off $825 an ounce.
World stock markets also fell, while crude oil tumbled 5% to $38.85 per barrel.
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Monday, January 12, 2009
Gold and Silver Physical Bullion Rationing / Commodities / Gold & Silver 2009
Gold is marginally lower today despite sharply weaker oil prices (Light Sweet Crude Oil Future - Combined - FEB09 : -5.14%) and a slightly higher dollar (US DOLLAR INDEX: 83.01 +0.6%).
There was significant volatility last week and such volatility often portends a big move up or down. Given the strong fundamentals, gold’s next move is likely to be up, especially as investment demand for gold coins, bars, certificates and exchange traded funds remains very robust.
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Monday, January 12, 2009
Which Shines More: Gold, Silver or Crude Oil? / Commodities / Gold & Silver 2009
Last week gold and silver remained in a trading range moving sideways, while crude oil had a large pullback on very heavy volume. Below are charts which will show where these commodities stand in relation to support and resistance as well as where we may be looking to go long in the near future.Read full article... Read full article...
Sunday, January 11, 2009
How to Rebuild the Shattered Credit System / Commodities / Credit Crisis 2009
Open The Mint To Gold! - Could a Private Firm Force the Government to Do It?
People ask: "Isn't the Mint already open to gold, producing Gold Eagles and Buffaloes?" Opening the Mint to gold has a technical meaning, namely, opening it to the free and unlimited coinage of gold on private account. The Gold Eagles and Buffaloes are produced on Treasury account in limited quantities and sold at a premium as souvenir coins. It is a ploy to show that gold coins would just not circulate as money. Well, they would if there was no premium and the market was saturated.
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Sunday, January 11, 2009
Gold Continues to Target $930 Resistance / Commodities / Gold & Silver 2009
Back after three weeks and it looks as if nothing has happened in the precious metals. Lots has, however, happened in the stocks and especially the “cats and dogs” variety. Many, many 100% plus moves in only one or two weeks. Are we back into a real honest to goodness bull market? Let's go through our normal exercise.Read full article... Read full article...
Sunday, January 11, 2009
Crude Oil, Trade the Market Not the Economy / Commodities / Crude Oil
What do I mean when I say... trade the market and not the economy? It may sound like I'm saying to trade the same thing... but in many cases they're different. The difference is that the market is driven by fear and greed, while the economy is driven by fundamentals. Our "Trade Triangle" technology allows us to analyze the market... leaving the fundamentals and our own emotions at the door. Let's look at some of the major markets and see which direction the trend is headed.Read full article... Read full article...