Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, July 15, 2008
Gold Pushes Higher on Fresh US Dollar All Time Low / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD jumped for the fifth session running in London on Tuesday, adding 1.2% against the US Dollar as crude oil broke back above $146 per barrel.European shares meantime slid to a three-year low, losing 2.2% in Frankfurt as the US currency sank 1% to a new all-time low vs. the Euro. Read full article... Read full article...
Tuesday, July 15, 2008
Investing in Oil to Beat Inflation / Commodities / Oil Companies
By: Mike_Stathis
According to Washington , the official inflation rate is around 4.1%. At this point, I think it's obvious most consumers know this data is wrong. Of course some people accept anything Washington reports, especially the agenda-driven “experts” on television who bring in media hams as cheerleaders to spread the ludicrous propaganda of a strong economy.
You don't need a Ph.D in economics or finance to know that inflation is approaching levels similar to those seen in the 1970s. In fact, those who have been formally trained in these disciplines are more likely to miss what is really going on because they've been programmed to think that fancy math is always superior to common sense. But they often neglect to consider the fact that new standards are continuously being devised to hide the real data - from inflation and unemployment numbers to GDP and poverty statistics.
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Tuesday, July 15, 2008
Silver Futures Market Exchange Rules Under an Emergency / Commodities / Market Manipulation
By: David_Morgan
In last week's column I presented some fallacies that pertain to the silver market. The feedback I received was mixed; most was positive but some was negative, proclaiming that I was implying the "shorts" could not lose and investing in silver was almost hopeless.
This is not my studied position at all. In fact it has been my conviction from the time I began writing about the silver market that silver is one of the best investments to be made, from the year 2000 to present, and I still maintain that the physical silver and gold markets are the foundational investments that must be owned by any serious precious metals investor.
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Monday, July 14, 2008
Inflation and Oil Ratio Bullish for Precious Metals / Commodities / Gold & Silver
By: Captain_Hook
Don't tell this to the price fixers though. Apparently it's fine and dandy to let all other ‘commodities' rise in allowing this inflation thingy blow-off, but not gold, and especially not silver since it's so easily controlled. What kind of a message would that send to the investment world? If silver were allowed to rise, well, then it wouldn't make a lot of sense for gold to be odd man out considering its vital role in the economy, that being the ultimate measure of currency. In fact, if other vital commodities are rising sharply, already it makes little sense gold has not risen further, especially with the world's present ‘reserve currency' the fiat dollar in decline. So again, it would be especially troubling if silver were to begin rising impulsively and gold was left behind from this perspective. Read full article... Read full article...
Monday, July 14, 2008
Tokyo Gold Breaks 25-Year High on Fannie-Freddie Bail Out / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD slipped 1% against the US Dollar at the London opening on Monday, giving back one-third of Friday's $23 surge as crude oil dropped and government bond prices fell.Credit spreads – a measure of investor concern over the risk of default – also ticked lower after Sunday's promise of unlimited tax-funded support for Freddie Mac and Fannie Mae, the $5 trillion US mortgage companies, from the Treasury in Washington .
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Monday, July 14, 2008
Silver Breakout Above Resistance- Strong Buy Signal / Commodities / Gold & Silver
By: Clive_Maund
Last week both gold and silver staged important breakouts from base areas to commence major uptrends. This is a development that we had been expecting for quite some time. In this update we will concentrate on the differences worth remarking on in the silver chart, and readers are referred, as usual, to the Gold Market update for the general arguments applicable to both metals. Read full article... Read full article...
Monday, July 14, 2008
Gold Major Breakout on Freddie & Fannie Catastrophe / Commodities / Gold & Silver
By: Clive_Maund
Last week both gold and silver staged important breakouts from base areas to commence major uptrends. This is a development that we had been expecting for quite some time. On the 1-year chart for gold we can see how it first broke out from the 3-arc Fan Correction that we earlier delineated with the biggest one day rise for many years - itself a very bullish development. After that it reacted back from the clear line of resistance dating back to late March that marked the top of the base area. This reaction served to ease the short-term overbought condition. Then late last week it blasted through the resistance, this move synchronising with a breakdown by the dollar in response to the Fannie - Freddie catastrophe. Read full article... Read full article...
Sunday, July 13, 2008
How to Use Gold to Protect Your Portfolio and Profit / Commodities / Gold & Silver
By: Money_Morning
Keith Fitz-Gerald writes: One of the things people don't understand about buying gold for diversification is that it doesn't work all the time.
It works over time. That means that you can't simply switch from one asset class to another when the going gets tough and expect miracles. Nor can you expect higher returns.
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Sunday, July 13, 2008
Gold and the Credit Crisis / Commodities / Gold & Silver
By: Roland_Watson
It could not have escaped your attention that the financial sector is undergoing a crisis of confidence just now as the sub-prime loan debacle continues to ripple out to what was once thought as impervious sectors of the banking world.
Having watched the spectacle of bank runs, bank failures (i.e. takeovers), a falling housing market, increased cost of credit, emergency Fed loans and banks trying to boost capital through rights issues, investors are naturally concerned that even their deposit accounts are under threat. Well so far I am not aware of any major loss of funds by depositors as the Federal Reserve steps in to stabilize the cash flow of vulnerable banks and guarantee the deposits of customers via the FDIC scheme.
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Friday, July 11, 2008
Gold Resting Ahead of Next Upleg / Commodities / Gold & Silver
By: Mike_Paulenoff
In the event of the world's financial, geopolitical and energy-related problems are NOT solved over the weekend, classic pattern analysis in the streetTRACKS Gold ETF (NYSE: GLD) argues for rest-digestion-pullback into the upside breakout area at 94.00-93.50, followed by a powerful upside pivot reversal that commences a new upleg. Should such a scenario unfold, then we should expect the GLD to head for 96.50 and then 100. Only a break below 92.00 will begin to compromise the upside breakout scenario.Read full article... Read full article...
Friday, July 11, 2008
Crude Oil Demand Destruction Stops at the US Border / Commodities / Crude Oil
By: Peter_Schiff
As the price of oil reverses course again and closes in on the unheard of price of $150 per barrel, Americans are finally responding to the pressure and have cut back on gasoline consumption. According to a report this week, Americans used 3.3% less gasoline than at the same time last year and usage now stands at a five-year low. Although the relative merits of slowing energy consumption is a subject upon which reasonable minds can disagree, the drop is nonetheless an extremely rare event in American economic history. Many on Wall Street are cheering the possibility that further “demand destruction” will ultimately lead to significantly lower oil prices. After all, this is basic economics. Prices are a function of supply and demand, and as demand drops, prices must follow. This is simple logic, wrongly applied. Read full article... Read full article...
Friday, July 11, 2008
The Big Secret about Peak Oil and the US Military / Commodities / Crude Oil
By: Mike_Stathis
Those of you who do not believe Peak Oil Theory should first make sure you fully understand it. According to this theory, after a reservoir has been depleted by half of its total volume, the output begins to plateau or remain constant for some unknown period. At some later time (which is unpredictable) the output begins a permanent decline of variable duration (which is also unpredictable) until the remaining quantity of oil is no longer economically feasible to extract with current technology. Therefore, Peak Oil Theory does not state that the earth is running out of oil per say. It states that the earth is running out of inexpensive oil, otherwise known as conventional oil – the high-grade oil that comes out by drilling on land and requires minimal refinement costs. Read full article... Read full article...
Friday, July 11, 2008
Gold Soars on Rumours of Imminent Israeli Attack on Iran Nuclear Facilities / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES came within one dollar of a 15-week high early Friday in London, jumping 2.6% from yesterday's low as European stock markets fell for the sixth time in nine sessions.Crude oil prices meantime shot $4 to a new record high of almost $146 per barrel after the Jerusalem Post quoted Iraqi sources saying that Israel is practicing and preparing air strikes on nuclear sites in Iran .
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Friday, July 11, 2008
AMEX GOLD BUGS INDEX (HUI): Another Golden Opportunity to Buy Gold Shares? / Commodities / Gold & Silver Stocks
By: Peter_Zihlmann
Two major gold indices dominate the market - the Philadelphia Stock Exchange's XAU and the AMEX's Gold BUGS Index (HUI).
The major difference between the two is that the BUGS index is made up exclusively of mining stocks that do not hedge their gold positions more than a year-and-a-half into the future. This makes the BUGS Index much more profitable than the XAU when gold prices are rising, but can also compound its losses when gold declines. BUGS is an acronym for B asket of U nhedged Gold Stocks. The index was introduced on March 15, 1996 with a starting value of 200.
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Friday, July 11, 2008
High Gas Prices Investment Opportunities / Commodities / Crude Oil
By: Hans_Wagner
Investors who seek to beat the market look for opportunities that indicate changes in market sector trends. The recent rise in the price of oil and along with it the price of gasoline is causing serious problems for people and the economy. In the past we when we have experienced spikes in the price of gasoline, it eventually fell back down as supply outstripped demand. However, there are forces in place that will keep this happy event from taking place this time. As a result, you should consider adjusting your investing themes to recognize that the price of gasoline will remain high, and likely go higher from now on. Read full article... Read full article...
Thursday, July 10, 2008
Gold Rally Approaching Key Resistance / Commodities / Gold & Silver
By: Mike_Paulenoff
As we speak the streetTRACKS Gold ETF (NYSE: GLD) is pushing up against a 3-month resistance plateau around 93.30/40, which if hurdled should trigger upside acceleration of the March-July rounded base-like pattern. All of the action between March and July represents a correction that turned out to take the form of a high-level rounded base formation as well, which is exerting intense upward pressure on a series of rally peaks that occurred since March. If (when) hurdled, the GLD should accelerate towards 99-100.Read full article... Read full article...
Thursday, July 10, 2008
Gold Jumps as European Equities Sink / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD leapt 1% to a one-week high at the US opening on Thursday while oil prices struggled near $136 per barrel and European stock markets caught up with the S&P's latest 2% drop.The Dollar was little changed against the Euro and British Pound, despite news of a 53% jump in US home foreclosures last month from June '07.
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Thursday, July 10, 2008
Gold Homing in on $1000 Barrier as Stocks Deliver Zero Growth over Last 10 Years / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $926.30 , up $ 5.40 and silver was up to $18.07 , up 23 cents . Gold rose again in the New York Globex electronic market and in early trading in Asia and has remained firm in early European trading .With geopolitical risk remaining high and financial risk elevated (as seen with U.S. financial stocks yesterday experiencing their largest one day fall since the start of the current financial crisis nearly a year ago - meaning that the benchmark S&P 500 is officially in a bear market) gold is again receiving safe haven and inflation hedging investment flows which is resulting in higher prices.
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Thursday, July 10, 2008
Gold's Underlying Truth and Dow Jones Potential to Fall by 75% / Commodities / Gold & Silver
By: Brian_Bloom
As a reasonably intelligent man of 61 years of age, this analyst is not unmindful of the fact that his recent preoccupation with the wisdom of the Ancients has been raising eyebrows – if not questions as to his sanity – amongst regular and (previously?) loyal readers. What possible linkage could an understanding of the Ancients have with investment and making money?
Those who have been puzzled may rest assured. I have not been going off with the pixies. There are solid reasons; and one of these reasons flows from the fact that, in today's markets, everyone and his brother is a technical analyst.
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Wednesday, July 09, 2008
Crude Oil Minor Recovery Bounce Underway / Commodities / Crude Oil
By: Mike_Paulenoff
Purely from a near-term technical perspective, today's geo-political "strength" in crude oil and its ETF the US Oil Trust (AMEX: USO) has the look of a minor recovery bounce rather than the start of a new upleg in the aftermath of the $6 and 5.5% decline since the July 2 high of 117.94 in the USO (to yesterday's reaction low at $111.63).Read full article... Read full article...