Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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...
Saturday, January 10, 2009
Precious Metals Investing: Gold or Platinum / Commodities / Platinum
“Au” and “Pt” may be dull chemical elements, but gold and platinum have certainly played their respective parts during the unfolding of the financial crisis. Revisiting the metals' movements, it is clear from the table below that gold's decline was much smaller than that of platinum - as platinum suffered from the deterioration in the auto industry - but the recovery of gold has also been lesser than that of platinum.Read full article... Read full article...
Friday, January 09, 2009
Fraudulent Commodity Market Manipulations Vs Money Printing / Commodities / Market Manipulation
In Fraud We Trust - Amazing, isn't it, how times have changed? Just [Wed.] this morning, President elect Barack Obama stood before microphones and television cameras and told the world that his administration was set to inherit an annual deficit of 1.2 TRILLION dollars. He went on to add that the fiscal 2009 amount did not even include “his” stimulus plan, rumored to be as much as an additional TRILLION dollars, reportedly geared toward infrastructure spending, would be required to “jump start” the U.S. economy.Read full article... Read full article...
Friday, January 09, 2009
Gold the Asset to Hold in Any Environment / Commodities / Gold & Silver 2009
A 40-year, spectacularly successful veteran of the investment industry, Eric Sprott (the "Energy Guru") needs no introduction. Sprott's steady stream of strategic, entrepreneurial and global performance awards often end in the words: "of the year." Sprott's investment abilities and knack for seeing opportunities where others don't have earned him a spot among the most successful investors in the country.Read full article... Read full article...
Friday, January 09, 2009
Are you happy with your 2008 Investments? / Commodities / Gold & Silver 2009
Now that 2008 is in the rear-view mirror it is worth reviewing the performance of various investments. 2008 - Was "The Year of Reckoning" and a tipping point. As a massive wave of deleveraging swept across the world the torrent of borrowed money came under severe pressure.Read full article... Read full article...
Friday, January 09, 2009
Gordon Brown's 415 tonnes Gold Sale Blunder, 10 Years On / Commodities / Gold & Silver 2009
THIS COMING MAY will mark 10 years since Gordon Brown chose to sell well over half the UK's national gold reserves – some 415 tonnes all told – at what would prove rock-bottom prices.
Never mind his politics. With the Euro about to compete with the Dollar for central-bank vault space, everyone else was selling the stuff too, led by Canada, France and even the Swiss...
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Friday, January 09, 2009
The Global Gold Bull Market in Major Currencies / Commodities / Gold & Silver 2009
During late 2008's unprecedented financial-market panic, gold got something of a bum rap. Since this metal didn't soar during the stock chaos like most of its investors expected, many assume something must be wrong in gold-land. But gold ultimately did hold its own, up 2.1% in Q4 while the S&P 500 plunged 22.4%.
During the very heart of the stock panic when gold looked the weakest (under $750), it was being driven down by a bear-record US dollar surge. A mass exodus of flight capital fleeing the burning stock markets roared into US Treasuries for a temporary safe haven. Foreign investors joining this deluge had to buy dollars first, forcing a mighty dollar rally to erupt that traders interpreted as a sign to sell gold futures.
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Friday, January 09, 2009
Silver News and Views / Commodities / Gold & Silver 2009
The Silver Institute just put out a press release which stated, "The silver price, per ounce, in 2008 averaged a strong US$14.98, a nearly 12-percent increase over the 2007 average price of US$13.38; the best average annual price since 1980. A key development in silver's fortune has been renewed investor interest in the white metal, which began in earnest in 2004 and continues today, as illustrated in the chart below."Read full article... Read full article...
Friday, January 09, 2009
Gold Demand Strong as U.S. Jobless Rate Jumps / Commodities / Gold & Silver 2009
THE LIVE PRICE of wholesale Gold Bullion bounced in a $10 range early in London on Friday, trading just shy of $860 an ounce as new US data confirmed a six-decade record in US job losses.World equities fell while the US Dollar rose sharply on the currency market. Read full article... Read full article...