Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, October 29, 2008
SIlver Up Trend Continues / Commodities / Gold & Silver
By: Mike_Paulenoff
All my near-term technical and pattern work on the iShares Silver Trust ETF (AMEX: SLV) argues for upside continuation that tests key near-term resistance at 10.00/30. If that area happens to be hurdled, I will get signals that point the SLV to 12.00 thereafter. Why? Perhaps what we are seeing is a technical representation of the reaction of the "precious" metals complex to VERY low interest rates (typically a bullish environment for commodities), coupled with the massive liquidity injections that could kindle expectations of monetary inflation translating into eventual "goods" inflation. Be that as it may, as we speak the near-term technical set-up in the SLV is improving rapidly.Read full article... Read full article...
Wednesday, October 29, 2008
How to Choose a Gold Stock? / Commodities / Gold & Silver Stocks
By: Julian_DW_Phillips
Gold stocks have under-performed on the way up for the gold price and have been slaughtered on the way down. Is the day of the gold equity over or is there a way to select a gold stock and profit in such a market?Read full article... Read full article...
Wednesday, October 29, 2008
Gold Gains as Stock-Rally Fades on Collapse in World Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped to a one-week high of $765 an ounce at Wednesday's New York opening, gaining 12% from Friday's 12-month low as the strong rally in world stock markets faltered.
Wall Street futures pointed lower ahead of today's Federal Reserve decision, widely expected to deliver a further 0.5% cut to US interest rates, taking the returns paid to Dollars back to the 6-decade lows now blamed for the sub-prime housing bubble of 2001-2007.
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Wednesday, October 29, 2008
Wild Crude Oil Markets Long-term Trend / Commodities / Crude Oil
By: Money_and_Markets
Sean Brodrick writes: When people ask me if I think crude oil is going to $50 or $150, I nod sagely and say: “Yes, probably.”
I'm not being flip. I'm simply giving both the short-term and the long-term timeframes.
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Wednesday, October 29, 2008
Gold Physical Demand at Record Levels Supply Delays and Shortages Deepening / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to thread water after its recent sharp falls and there are very determined sellers in the futures market at the $740 to $750/oz level. The Letter, expressing some respect for gold's relative performance, points out that there "... is a strong seller of gold at the $740-$745 level…quite large; quite adamant and quite intent upon asserting his or its will upon the market." There is informed speculation that investment bank selling pressured gold this morning.
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Tuesday, October 28, 2008
Gold Priced in the Top 10 World Currencies / Commodities / Gold & Silver
By: Adrian_Ash
"...Take a look at this chart of gold prices measured in the top 10 most important world currencies..."
SO the SPOT GOLD PRICE sank in October, dropping right back to 13-month lows at $683 an ounce.
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Tuesday, October 28, 2008
Exposing the Stealth Secrets of Investing / Commodities / Gold & Silver Stocks
By: The_Gold_Report
Ongoing education, excellent connections and a wealth of experience combine to give John Pugsley insights that are both compelling and provocative. Using analogies as diverse as dribbling basketballs and stocking up on tuna when it's a bargain in the supermarket, he talks about the importance of patience, a focus on fundamentals and the criteria he's using to identify the next wave of winners. Read full article... Read full article...
Tuesday, October 28, 2008
Gold Consolidates in the range $700 to $760 / Commodities / Gold & Silver
By: Mark_OByrne
After rising yesterday gold is up marginally again today and has continued to consolidate in the $700/oz to $760/oz range. Further consolidation is likely necessary after the sharp fall in recent days.Read full article... Read full article...
Tuesday, October 28, 2008
Gold Rallies as Dollar and Yen Correct / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION continued to rally on Tuesday, rising to a four-session high above $752 per ounce as world stock markets also bounced after falling 12 times in 19 days in October.Read full article... Read full article...
Tuesday, October 28, 2008
Gold Technical Analysis and Forecast Video / Commodities / Gold & Silver
By: INO
Gold at the moment is perplexing to a great many traders. To many it was a shock when gold recently traded below the $700 an ounce level. So the question is, what happened to the $2,000 an ounce target that most gold bugs were calling for? Read full article... Read full article...
Monday, October 27, 2008
Crude Oil Truth / Commodities / Crude Oil
By: Mike_Paulenoff
I am not ready to step up to add the U.S. Oil Fund ETF (AMEX: USO) to our model portfolio just yet, but I am getting much friendlier to the idea technically. Looking at the weekly crude oil chart, it's the time of truth for nearby oil prices, as the price structure pressed against its 7-year support line in the $61.60 area, which was violated marginally this morning ($61.30), but NOT by 1-1/2% ($60.60), which would have triggered another bout of weakness to $55.00-50.00 next. Read full article... Read full article...
Monday, October 27, 2008
When Does Gold Trend Turn into a Bear Market? / Commodities / Gold & Silver
By: Clive_Maund
The action in gold on Thursday and especially on Friday was bullish, as well it might be after a near vertical drop of nearly $200 in just 2 weeks. In the article At what point does gold become a full blown bearmarket? posted on the site on 23rd it was made clear that the strong support in the $700 area needed to hold, otherwise gold would join copper and silver and many other commodities in being a bearmarket, at least as far as its paper price is concerned. Immediately after this article was posted gold dropped further to test this support, but on both Thursday and Friday it refused to close below $700, and on Friday a bullish candlestick, a long-legged doji, otherwise known as a "Rickshaw Man" showed up on the chart. Read full article... Read full article...
Monday, October 27, 2008
Gold Price Performance During Recessions / Commodities / Gold & Silver
By: Tim_Iacono
Someone recently wrote in a dismissive, almost pompous, tone something to the effect of, "Everyone knows gold doesn't do well in recessions". But, is that true? Well, it depends... Read full article... Read full article...
Monday, October 27, 2008
Gold Remains Safe Haven Amid Global Currency & Stock-Market Crash / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD BULLION sank and then bounced hard vs. the Dollar early Monday, whipping violently against all major currencies as world stock markets added to this year's 40% losses to date."While [the crucial Indian festival of] Diwali is just one day away in India," notes precious-metals dealer Mitsui in London today, "it is important to note that physical demand is strong globally, and this may help to support the Gold market at these levels.
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Monday, October 27, 2008
When Gold Will Bottom? / Commodities / Gold & Silver
By: Alex_Wallenwein
In short, gold will bottom when stocks bottom and the dollar bounce falters - unless fund managers run out of gold to sell before either of the other two events occur (or unless global investors suddenly come to their senses. Good luck on that one!)
In times like these, anyone would be crazy to predict an actual time when COMEX gold will reverse itself and start rising again, and you'd be crazy to believe it if someone did. At this point, nobody can say it will be tomorrow, or next week, or whatever. On the other hand, it is indeed possible to offer some common sense, bedrock parameters that will tell you that the bottom is in for our favorite derivative to start coming back from the road kill category.
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Monday, October 27, 2008
Bear Market Deleveraging Producing Incredible Value in Agri-Foods / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
While a bear market is not fun, we should acknowledge the benefits. First, it will eliminate much of the “hedge” fund industry, those that helped create the mortgage debacle and artificially inflated so many asset prices. Investing will be so much better after they are gone. Second, incredible values are being created in markets as these leveraged funds are liquidated. Investors should be looking at these values, rather than in lemming fashion following those mistaking today for 1930. Agri-Food, for example, is not in any way in the same condition as it was in that era. Read full article... Read full article...
Saturday, October 25, 2008
Gold Hits New Bear Market Low / Commodities / Gold & Silver
By: Merv_Burak
New bear market lows in gold but not really confirmed by the indicators. Are we in for a rally here? One would be nuts to predict with any certainty. However, we can confirm where we are, if not where we are going.
GOLD : LONG TERM - That $750 P&F projection mentioned last week didn't stand a chance. By the end of the week the P&F chart dropped as low as the $690 unit before rebounding during Friday up to the $750 unit. Now what? The rebound is nice but at this point does not imply a rally of any significance in progress. So we still have the $630 and possibly the $480 levels to look forward to.
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Friday, October 24, 2008
Gold's Fate Linked to Euro? / Commodities / Gold & Silver
By: Mike_Paulenoff
Gold and the streetTRACKS Gold Shares (NYSE: GLD) are having an interesting session... but their fate may be increasingingly linked to the direction of Euro/$ (or perhaps Euro/Yen these days). Let's notice that at today's low, the Euro/$ appears to have satisfied an equidistant 2-leg correction off of its July high, and is attempting to hold and to rally off of the 1.2500 equidistant support area. Read full article... Read full article...
Friday, October 24, 2008
Gold Market Plunge Technical Analysis / Commodities / Gold & Silver
By: Mark_OByrne
It was déjà vu in the Comex gold market yesterday as the recent sharp selloff continued. Bearish sentiment remains at extreme levels and all notions of fundamental value are being thrown out the window as the financial crisis morphs into a global economic crisis. Stock, commodity and many currency markets internationally are in meltdown on panic selling. Read full article... Read full article...
Friday, October 24, 2008
U.S. Dollar Driven Gold Price Crash / Commodities / Gold & Silver
By: Zeal_LLC
During this unprecedented month where the flagship S&P 500 has plummeted 23.0%, it isn't surprising this brutal stock-market selloff is monopolizing investors' attention. Thus gold's poor performance is largely flying under the radars. Month to date, this metal is down a massive 15.6%! This combined with the intense stock fears have led to an unthinkable 46.4% October decline in the HUI gold-stock index. Read full article... Read full article...