Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, October 24, 2008
Financial Markets Meltdown a Nightmare for Baby Boomers / Commodities / Gold & Silver Stocks
The continuing meltdown in the financial markets has not played well for the masses of baby boomers. Their losses in 401k's and other assets are probably down on the order of 30% - 40%, minimum.Read full article... Read full article...
Friday, October 24, 2008
Gold Buying Opportunity and Hedge Against Uncertainty / Commodities / Gold & Silver
Perhaps the most interesting development during the intensification of the credit crisis is that the price of gold did not climb higher than it did. Upon the initiation of the crisis in August 2007, the price of gold surged reaching a high of $1002.95 on March 14, 2007. Since then the cost of the precious commodity has fluctuated with the most recent price action sending it to recent lows of 725.74. However, given the pervasive uncertainty in markets we think that this represents a strategic buying opportunity on the back of our bullish call for gold to spike towards $1100 in 2009 with the potential for a much larger move over the longer term.Read full article... Read full article...
Friday, October 24, 2008
Spot Gold Hits New Low as Stocks and Sterling Crumble / Commodities / Gold & Silver
THE SPOT PRICE OF GOLD sank yet again Friday morning, sinking to a fresh 13-month low for US buyers at $683 per ounce.Global stock markets and commodity prices also crumbled once more in the face of huge gains in the Dollar and Yen – the two currencies most owed by leveraged investors worldwide.
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Friday, October 24, 2008
Why Cheap Oil is Great for the Oil Majors / Commodities / Oil Companies
For the last 3 years, the world's oil majors have not had an easy time from the oil producing states. Increasing oil prices has led to a complacent attitude by oil reliant governments. This often masks inefficiency, sometimes corruption, and has led to high taxation coupled with unsound business practices. Russia's oil production for instance, has been reducing each year despite the governments desire to increase output.Read full article... Read full article...
Thursday, October 23, 2008
Gold Market Dis-Information Specialists Ply Their Trade / Commodities / Market Manipulation
Tim Gardiner, president and CEO, Mitsui & Co. Precious Metals Inc. appeared on Canada's Business News Network [BNN] and – in a ridiculous attempt to explain the recent demolishing of the gold price - made the claim that demand for gold was down and, “the only reason for physical shortages of gold products at retail was ‘logistical' and due to a shortage of ‘blanks' from which the coins are stamped”.Read full article... Read full article...
Thursday, October 23, 2008
Gold Crashes to 50% of Bull Market, Recovery Rally Expected / Commodities / Gold & Silver
The very long-term chart pattern shows that the streetTRACKS Gold Shares (NYSE: GLD) has retraced 50% of its entire prior bull run (2005-2008), and so far has shown initial signs of reversal just above critical long-term support between 68.50 and 63.50. As of this moment, the weight of my technical work argues for a recovery rally into the 74.50-75.00 target zone, which could prove to be either the start of a very powerful upleg, or merely a recovery bounce prior to another loop to 70.00 or lower to complete the weakness from the March highs.Read full article... Read full article...
Thursday, October 23, 2008
Commodity Prices Inverse Relationship to the US Dollar / Commodities / CRB Index
The connection with commodity prices and the movement of the U.S. dollar continues to remain tight and over-ride year-over-year fundamentals. Oil and gold are particularly linked to the currency and weakness or strength in the dollar are quickly transferred to positive or negative trading patterns for these natural resources.Read full article... Read full article...
Thursday, October 23, 2008
Credit Deflation Brings Down Gold Bull Market / Commodities / Gold & Silver
Why would Credit Deflation bring down Gold when Credit Inflation didn't send it to the moon?
I have received many emails from readers about the public article I wrote last week on the issue of the current deflation scare. Those arguing against my position believe the US will not experience inflation as quickly as some might expect.
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Thursday, October 23, 2008
Gold Price Crash Continues on Forced Selling / Commodities / Articles
THE PRICE OF SPOT GOLD slumped yet again early Thursday as world stock markets sank and the Dollar continued to rise – alongside the Japanese Yen – on the forex market.Gold's fresh $25 plunge took this week's loss for US investors above 10% at $705.40 an ounce – Spot Gold 's lowest price since mid-Sept. last year.
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Thursday, October 23, 2008
Gold Bulls Running Scared on Price Collapse / Commodities / Gold & Silver
Comex gold's recent sharp selloff has continued and even the most ardent gold bulls are getting nervous. Bearish sentiment is very prominent and the level of fear in the precious metal markets suggests that a low is likely in the coming days. Leveraged players in the futures market are dumping paper positions wholesale while astute contrarians are using this as an opportunity to buy physical bullion at firesale prices.Read full article... Read full article...
Wednesday, October 22, 2008
Internet Startup Dot.com Collapse versus Junior Mining Sector Collapse / Commodities / Gold & Silver Stocks
Back in 2000 at the peak of the Internet bubble investors poured money into startups hoping to strike it rich with the next EBay, Amazon, or Microsoft. When the liquidity bubble popped most were left with massive losses on their positions as the startups that were running at a loss were unable to continue financing their operations and closed their websites and doors.Read full article... Read full article...
Wednesday, October 22, 2008
Dow Gold Ratio Hits 80 Year Extremes, Time to Buy? / Commodities / Gold & Silver
"...It's always darkest before it's pitch black..."
YOU MIGHT LIKE to know, if you put store by such things, that the US stock market just sank to a 14-year low against gold.
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Wednesday, October 22, 2008
Loading Up on Silver Below $10 / Commodities / Gold & Silver
Sean Brodrick writes: As the price of silver pulled back under $10 an ounce recently, I started loading up on the white metal. Or, I should say, I tried to load up. While I was easily able to buy silver coins with numismatic value, my first attempts to buy silver bullion coins met with frustration.
I think this says a lot about the silver market right now. On paper, it's cheap. But in the real, physical market, silver is getting very precious indeed.
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Wednesday, October 22, 2008
Gold, Stocks and Commodities Slump / Commodities / Gold & Silver
THE PRICE OF GOLD BULLION continued to slide early Wednesday, dropping more than 3.5% to a fresh 5-week low of $749 per ounce as world stock prices sank and the US Dollar leapt yet again on the currency markets.Read full article... Read full article...
Wednesday, October 22, 2008
Gold Oversold, US Dollar Overbought / Commodities / Gold & Silver
Comex gold continues to stink up the room after the sharp falls in recent days as the dollar has strengthened considerably and oil prices fallen sharply. The technical damage sustained to Comex gold has been severe and chart watchers are now tentatively looking to support at $750/oz.Read full article... Read full article...
Tuesday, October 21, 2008
Frank Holmes: When Inflation Erupts, Gold Will Take Off / Commodities / Gold & Silver
Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher:Demystifying Gold Investing” (John Wiley & Sons). In this exclusive interview with the Gold Report, he predicts gold will go to $1,000, even $2,000, over the next two years. A growing money supply due to a change in government policies will help lift some juniors out of their misery, too. Holmes advises selective nibbling until conditions improve and names a few companies to consider.Read full article... Read full article...
Tuesday, October 21, 2008
Silver Outperforming Gold in Early Stages of a Potent Rally / Commodities / Gold & Silver
Who would have thought that Gold would be down $26, and Silver would be up $0.34? Let's take a look at the pattern that has developed in spot silver. Spot silver prices, for the most part, crashed from the mid-March high at $21.40 to the mid-October low at $9.06 (-58%). Let's notice that the October low also coincided with a glaring positive momentum (RSI) divergence, which usually indicates that the power underlying the dominant trend is dissipating -- ahead of a directional reversal.Read full article... Read full article...
Tuesday, October 21, 2008
Gold on the Slide as Indian Demand Passes Peak with Diwali / Commodities / Gold & Silver
WHOLESALE SPOT GOLD PRICES slid again in London on Tuesday morning, dropping 2.9% towards a fresh one-month low at $776.60 per ounce while the US Dollar rose to its best level since March 2007 and the stock market rally faltered in Europe.Read full article... Read full article...
Tuesday, October 21, 2008
Comex Gold Continues to Slump Despite Soaring Demand for Physical Gold / Commodities / Gold & Silver
Comex gold continues to surprise to the downside despite the incredibly strong fundamentals of gold bullion itself with increasing shortages, delayed deliveries and premiums soaring for physical bullion in Asia, Europe, the US and internationally. Premiums have soared on smaller bullion products (from 1 ozt to 5 kilo gold bars) and look set to soon rise on the larger 100 and 400 ozt London Good Delivery gold bars.Read full article... Read full article...
Monday, October 20, 2008
Zinc Two Year Bear Market Coming to an End? / Commodities / Metals & Mining
Centuries before zinc was discovered in the metallic form, its ores were used for making brass and zinc compounds, its ores were used for healing wounds and sore eyes. It is believed that the Romans first made brass in the time of Augustus (20 B.C. - 14 A.D.). In the 13th century Marco Polo described the manufacture of zinc oxide in Persia. At Zawar, India, both zinc metal and zinc oxide were produced from the 12th to the 16th century. From India, zinc manufacturing moved to China in the 17th century where it developed as an industry to supply the needs of the brass industry.Read full article... Read full article...