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Friday, July 04, 2008

Gold Hold Recent Advance in Thin European Trade / Commodities / Gold & Silver

By: Adrian_Ash

SPOT GOLD PRICES drifted in thin trade on Friday, bouncing off yesterday's low at $930 per ounce as crude oil ticked down and the US Dollar held flat after Thursday's 1.2% jump. New York was closed for the long Independence Day weekend.

" Gold is still holding onto its recent extreme gains very well," noted the Mitsui team here in London this morning.

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Friday, July 04, 2008

Crude Oil Seeking Black Swan for Spike above $150 in Overbought State / Commodities / Crude Oil

By: Nadeem_Walayat

The recent week has seen crude oil soar through $140 onwards and upwards to a new record high of $146. Much of this gain has been attributed to the growing tension in the middle east with regards a possible Israeli strike on Iranian nuclear infrastructure and the drop in US oil stockpiles.The rise has been accompanied by investors dumping stocks as highly inflationary oil prices continue to contribute towards the destruction of economic activity that pushed the major US indices into technical bear markets (20% down from Oct 07 highs)..

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Thursday, July 03, 2008

South African Gold Shares- A Good Place to Invest? / Commodities / Gold & Silver Stocks

By: Julian_DW_Phillips

We have been asked whether South African gold shares remain a good investment? Our stock answer will be from now on, yes, in the longer term . How could we say that when it is becoming apparent to all that the political and economic climate of South Africa is decaying and looks likely to continue to decay as far as one can see ahead?

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Thursday, July 03, 2008

Impact of Grains Bull Market on Meat Prices / Commodities / Livestock

By: Zeal_LLC

As Americans enter the July 4th weekend they have a lot to look forward to. First and foremost is the celebration of this nation's independence marked by a federal holiday. Then of course are the customary traditions of parades, fireworks, baseball games, and carnivals among the many. But one timeless tradition that nicely ties into the topic of this essay is the almighty barbeque.

Barbequing is near and dear to the hearts of hundreds of millions of Americans. And millions of grillmeisters don their aprons and arm themselves with extra-long stainless-steel-forged tongs and spatulas as they prepare to strut into their backyards for their moments of glory. These champions of grilling take pride in the delectable cuisines they skillfully prepare for friends and family.

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Thursday, July 03, 2008

ECB Interest Rate Hike Sends US Dollar High and Gold Lower / Commodities / Gold & Silver

By: Adrian_Ash

SPOT GOLD PRICES recovered an overnight dip early in London on Thursday, re-touching this week's two-month highs as crude oil broke new all-time records near $146 per barrel and the Dollar fell after the much-expected Eurozone rate-hike.

As flagged by European Central Bank members since April, the ECB in Frankfurt today raised its overnight lending rate to 4.25%, widening the Euro's advantage over US Dollars to 225 basis points.

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Thursday, July 03, 2008

Oil Crisis Worsening! Crude Oil Breaks Above $145, What's Next… / Commodities / Crude Oil

By: Money_and_Markets

Sean Brodrick writes:I've been pounding the table about an energy crisis for quite some time. As a loyal reader of my Money and Markets column, you might think I've been proven right by gasoline soaring over $4 a gallon in 32 states and oil hitting new record highs.

But most of what I've been talking about is simply the long-term supply/demand squeeze that will transform our oil-addicted civilization in the future.

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Wednesday, July 02, 2008

Gold Short-term Delta Cycle Turning Points for July / Commodities / Gold & Silver

By: Ronald_Rosen

Our governments through their ignorance, stupidity, or just plain corruption for political purposes have delayed the full expression of the gold cycle until very near the end of the cycle. This means to the highest probability the price of gold will soon begin to explode to the upside. The only thing the delaying actions by governments and various banking authorities have produced is a monumental explosion in the gold price in order to meet the deadline of assigned time i.e., “ There is an appointed time for everything. And there is a time for every event under heaven.” Ecclesiastes 3:1

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Wednesday, July 02, 2008

Gold Retreats on Credit Market Systemic Risk / Commodities / Gold & Silver

By: Adrian_Ash

SPOT GOLD PRICES ticked lower early Wednesday, giving back half of Tuesday's gains to new 11-week highs as crude oil turned higher but Asian stock markets fell yet again.

Despite yesterday's bounce in US equities, "the CDX 5-year investment-grade credit spread widened more than four basis points," notes Manqoba Madinane for Standard Bank in South Africa .

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Wednesday, July 02, 2008

Gold Surges on High Geopolitical Risk of Israel Militarily Strike on Iran / Commodities / Gold & Silver

By: Mark_OByrne

Gold surged to $942.80 in New York yesterday and was up $16.30 and silver closed at $18.20, up 78 cents.

Gold has succumbed to profit taking with the dollar flat and oil prices down marginally ( $141.30 per barrel <Light Sweet Crude Oil Future - Combined - AUG08> ). However, geopolitical risk remains ever present and this should result in gold remaining well bid at these levels.

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Wednesday, July 02, 2008

Why Are Gold Stocks So Cheap? – Down Under / Commodities / Gold & Silver Stocks

By: Neil_Charnock

The Mid and small sized Australian resource stocks have been sold down to unrealistic levels – scary to even some sophisticated investors who have contacted me lately. As mentioned by one – “becoming irrational cheap, as if they go bankrupt”. This article examines the gold sector Down Under, with emphasis on the producers and emerging producers, and exposes an area of value possibly greater than any market currently on offer.

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Tuesday, July 01, 2008

Gold Stocks Not Chasing Media Hyped News Higher / Commodities / Gold & Silver Stocks

By: Ned_W_Schmidt

Those rushing into the paper oil market and chasing Gold on the latest news need to answer two important questions. Why has Silver not been confirming move in paper oil and Gold? Why have Gold stocks not been confirming this action? Failure of these two markets, until Tuesday, to have joined in paper oil mania induced market action raises serious concerns about both the price of paper oil and Gold. This week's chart is of the GDM, the index of Gold stocks from the Amex.

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Tuesday, July 01, 2008

Commodities Blowoff Potential by September 2008 / Commodities / CRB Index

By: Donald_W_Dony

KEY POINTS:
• Higher caution is advised for CRB Index, as blowoff potential increases over summer
• Oil prices expected to spike over $150 during peak demand season; solid support at $120
• Hurricane season starts for natural gas; $14 target, but storms could drive prices far higher
• Grain prices start their advance; first from wet weather and later, summer heat
• Gold-shopping season begins in late July the year (summer driving) has arrived.

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Tuesday, July 01, 2008

Gold and the Ancient Sequence of Market Numbers / Commodities / Gold & Silver

By: John_Needham

Passion and Precision
Most Gold traders are also Gold buffs. As the oldest form of money known to man and the first step past a basic bartering system in our civilization's development, Gold and Silver occupy a special place in our psyche, thus it is not surprising that many traders are passionate about the commodity they trade. Passion in all its forms is more pleasurable in anticipation than reality, a concept that gains acceptance with age, but there are times when anticipation will not suffice and precision is demanded. So it is with the world of trading.

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Tuesday, July 01, 2008

Gold Prices Set to Double or Triple on Oil Shock / Commodities / Gold & Silver

By: Adrian_Ash

GOLD PRICES ticked back towards yesterday's 11-week highs early Tuesday, standing 1.1% above Monday's low as crude oil bounced on the threat of Israel bombing Iran .

The Euro spiked above $1.5800 against the Dollar on the currency markets, as traders watched for Thursday's much-anticipated European Central Bank decision on interest rates.

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Monday, June 30, 2008

Financial Authorities Acting Above The Law  / Commodities / Market Manipulation

By: Captain_Hook

Above the law – that's where financial authorities, politicos, and bureaucrats think they are – a farce justified on the premise extreme times justify extreme measures. Moreover, they routinely lie and cheat the public out their savings to protect their own positions, as opposed to living up to oath's of office and serving the public's interest. Some may say this has always been true, and perhaps this is the case, even within our modern era of globalization, technological advancement, and modern society. And if you so take a close look at it, things have been getting worse in this respect since Nixon dropped the Gold Standard in 1971, along with a loss of freedom and liberties.

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Monday, June 30, 2008

Gold Up as World Policy-Makers Pile Mistake on Mistake and Push Inflation Higher / Commodities / Gold & Silver

By: Adrian_Ash

THE PRICE OF GOLD BULLION jumped again early Monday, just breaking the May 21st high of $935 per ounce to touch an 11-week high.

Crude oil rose to a new record above $143 per barrel, and bond yields ticked higher as prices fell.

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Monday, June 30, 2008

Gold Stocks Gearing Up For a Big Rally / Commodities / Gold & Silver Stocks

By: Michael_Swanson

While the broad market fell last week gold rallied hard. For the past few weeks we've seen gold and gold stocks held down as various US Federal Reserve officials have talked more hawkish about inflation and market analysts have predicted future rate hikes from the Fed later this year. As I wrote last week though I do not believe we'll see the Fed raise rates this year, because I'm expecting the bear market in stocks and further banking problems to force them to stay on hold. Once this becomes clear to the market - which I think will happen in the Fall - I'm expecting we'll see some real fireworks - with steep losses in stocks and the dollar - which will lead to an explosion in the price of gold.

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Monday, June 30, 2008

Gold Safe-haven Demand as Fed Credibility on the Line / Commodities / Gold & Silver

By: Mark_OByrne

Gold surged to $928.50 in New York on Friday and was up $16.20 and silver closed at $17.62, up 50 cents.

While the dollar has strengthened somewhat, oil has again rallied sharply to new record highs ( up 2.4% to over $143.60 per barrel <Light Sweet Crude Oil Future - Combined - AUG08> ) and this should result in gold remaining well bid at these levels. Geopolitical risk and continuing tensions in the Middle East and between the U.S. and Iran appear to be part of the driving force behind new record highs and this has led to gold being firm.

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Sunday, June 29, 2008

Russia Could be Trigger for $200 Oil and Global Recession / Commodities / Crude Oil

By: Jennifer_Yousfi

Higher oil could lead to a worldwide economic collapse, according to a top analyst at Germany's largest bank.

"Two-hundred dollar oil would break the back of the global economy," Adam Sieminski, chief energy economist at Deutsche Bank AG ( DB ), told Bloomberg News in an interview yesterday (Wednesday) in Tokyo. "Next step after $200 would be global recession and bad news for everybody."

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Saturday, June 28, 2008

Crude Oil Unsustainable Advance and Stock Market Double Non-Confirmation  / Commodities / Crude Oil

By: Tim_Wood

For weeks now one of the major topics in the news and amongst the politicians is the price of oil. The republicans want to begin more deep water drilling and open up parts of Alaska to drilling that has historically been protected. The democrats have introduced a bill to limit speculation to only those that are end-users of oil. It seems that the word speculator is becoming a four-letter word. I also hear talk of conspiracy and manipulation by the masters of the world.

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