Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, May 12, 2008
Fool's Gold- Gold Sucker Rally? / Commodities / Gold & Silver
By: Joe_Nicholson
“If the rotation trade fizzles and such a rally in gold materializes, while it would tend to discredit an impulse down, it may trap many longs into thinking the larger correction is over, whereas the chart shows we've likely only reached an intermediate term bottom after reaching previous resistance and oversold levels in the RSI. While silver can easily drop into it's 200-day sma near $15.35, it's also reaching oversold levels and should be due for a relief rally soon, in which case resistance at $17 and at the broken trendline will be crucial.” ~ Precious Points: All That Glitters, May 03, 2008 Read full article... Read full article...
Sunday, May 11, 2008
Gold Correction Completing- Bull Market About to Resume / Commodities / Gold & Silver
By: Clive_Maund
Gold's corrective phase is believed to be complete, meaning that it is now in position to begin another major uptrend. In the last update, which was about 5 weeks ago, we were looking for it to continue to react back to support in the $830 - $850 area above its 200-day moving average, and that is exactly what it has done.
On the 1-year chart we can see how the fine strong uptrend from last August, which broke down into a 5-wave sequence, culminated in a brief sojourn above the psychologically important $1000 level, accompanied by great fanfare in the press, before a classic 3-wave correction back towards the 200-day moving average set in.
Read full article... Read full article...
Sunday, May 11, 2008
New Russian President, New Investment Opportunities? / Commodities / Russia
By: Martin_Hutchinson
New Russian President Dmitry Medvedev wants better links with Europe. Judging by the performance of outgoing President Vladimir Putin , Europe should beware: The so-called "links" he's seeking may resemble those used to chain together prisoners in the Gulag.
On the other hand - though it's admittedly unpleasant to say so - there's a point at which the effects of high oil prices are so great that in the short run they far outweigh one's distaste for the thuggish Russian regime. And at $123 a barrel, we may be at that point.
Read full article... Read full article...
Saturday, May 10, 2008
Gold Trend- What the Heck is Going On? / Commodities / Gold & Silver
By: Merv_Burak
This is a difficult time for a gold analyst, especially when one doesn't REALLY know what the heck's going on behind the scenes. However, one must go on with whatever little intelligence one has and still make broad pronouncements. Let's see what the charts are telling us.
GOLD : LONG TERM
Having declared a P&F long term bear market last week there is no reason for suddenly turning around. What rally there was this week did nothing to the long term P&F chart. So, the P&F bear market continues.
Saturday, May 10, 2008
Soaring Crude Oil and Gasoline Prices Worry US Consumers / Commodities / Gas - Petrol
By: Jennifer_Yousfi
The effects of soaring oil prices are finally trickling down to the pump and consumers are feeling the pinch.
On Friday, oil futures hit a new record of over $126 per barrel. Prices jumped 7.4% last week, with crude oil for June delivery trading as high at $126.20 on the New York Mercantile Exchange.
Read full article... Read full article...
Saturday, May 10, 2008
How to Survive the Gas / Petrol Crisis / Commodities / Gas - Petrol
By: Money_and_Markets
Sean Brodrick writes: With gasoline prices up 15 cents a gallon in the last two weeks — and about 63% in the last 18 months — American drivers are feeling a pinch at the pump. Consumers are demanding that Congress "do something" to drive down the price of gasoline.
Two weeks ago, I listed seven things you could do to prepare for $200 per barrel oil . They included tips on getting the most miles from every gallon. Today, I have ideas for how we can get gasoline back to $3 per gallon — maybe even lower.
Read full article... Read full article...
Saturday, May 10, 2008
Global Food Shock / Commodities / Food Crisis
By: Jennifer_Barry
As an American, I've taken for granted that I can get just about any food I want at the supermarket. In fact, the number of choices are dizzying. I never really thought about the tenuous chain between myself and my food. Less than 1% of the U.S. population is employed in agriculture, and 40% of these farmers are 55 or older. 1 The chain of transportation that brings goods to the stores is tenuous and depends on a few key railways and truck drivers. Supermarkets could experience spot shortages if the proposed trucker strike gains momentum or more drivers quit the business. Read full article... Read full article...
Friday, May 09, 2008
Gold Bullion Becoming a Valuable Backstop for Wealthy Investors / Commodities / Gold & Silver
By: Adrian_Ash
"...Why are wealthy investors swapping gold futures for physical metal that they own outright...?"
A LITTLE LESS than 12 months ago, the world's biggest financial players suddenly found they could not turn some $1.3 trillion of their assets into cash.
Read full article... Read full article...
Friday, May 09, 2008
Why the Gold Bull Market is Far From Over / Commodities / Gold & Silver
By: Julian_DW_Phillips
Some talk of the end of the credit crunch. Some say that the gold bull market has suffered severe damage, which will affect its long-term prospects. If we were to accept these statements then it would appear that the gold ‘bull' market is over. But are these statements acceptable and do they reflect the true picture underlying the gold [and silver] markets? To get the proper perspective let's stand back and look at the ‘big' picture.Read full article... Read full article...
Friday, May 09, 2008
Soaring Gasoline, Diesel, and Crude Oil Prices / Commodities / Energy Resources
By: Zeal_LLC
Gasoline, usually taken for granted, is weighing heavily on consumer sentiment today. In the States, the AAA just reported that retail gas soared to an average of $3.65 per gallon nationwide! This all-time record high is motivating Americans to drive less, drive slower, and migrate to more efficient cars to save fuel.
As a student of the markets, I find gasoline fascinating. The impact of its pricing creates far-reaching ripples throughout the entire economy. And since transportation is such a basic necessity of life, everyone monitors gas prices on a regular basis. It is fun to watch and analyze such a widely-followed market.
Read full article... Read full article...
Friday, May 09, 2008
Gold Rides Higher on Speculator Driven Crude Oil Surge / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION reached a nine-session high at the AM Fix in London on Friday, nearing its first weekly gain in four as world stock markets fell hard and crude oil recorded yet another all-time high.The US Dollar slid against all major currencies barring the British Pound.
Read full article... Read full article...
Friday, May 09, 2008
Gold Price Positive Developments / Commodities / Gold & Silver
By: Mark_OByrne
A firm note tracked the Gold price overnight and it is currently $888.90. Closing above $880 adds to that positive tone and the next resistance level stands at $897. The London AM Gold Fix at 1030 GMT this morning was at $887.25, £453.906 and €573.604 (from $872.25, £445.48 and €568.61 yesterday).Read full article... Read full article...
Friday, May 09, 2008
OPEC Cartel Scuppering G7 Central Bankers Financial Sector Rescue Plans / Commodities / Credit Crisis 2008
By: Gary_Dorsch
The “Group of Seven” central bankers, who control the money spigots in 2/3's of the world's economy, huddled with their colleagues from China and Russia behind closed doors in Basel, Switzerland this week, haunted by the “Crude Oil Vigilantes,” who threaten to unravel G-7 schemes to rescue troubled global banks. Earlier today, the price of West Texas Sweet traded as high as $124 /barrel, doubling from a year ago, and guiding Chicago Corn futures to all-time highs. Read full article... Read full article...
Friday, May 09, 2008
Gold and Silver Bull Market – The Fuse Is Lit! / Commodities / Gold & Silver
By: Peter_Degraaf
Much discussion has taken place in recent weeks, regarding the possibility that gold and silver might continue to sink to lower levels, as the summer doldrums set in.
Investors soon become shell-shocked with negative market analysis that looks at a half-full glass of water and refers to is as ‘half empty'.
Read full article... Read full article...
Friday, May 09, 2008
Real Crude Oil Price Peaks Trigger Recessions / Commodities / Crude Oil
By: Black_Swan
Crude oil has a $25 dollar premium built into the price - We are not making this up; it comes from IMF economist John Lipsky, quoted in a story today carried by Bloomberg:
“IMF research indicates that if the dollar hadn't fallen from 2002 to 2007, oil prices would be $25 a barrel lower. Crude oil futures surpassed $120 a barrel this week for the first time. Commodity prices excluding fuel would be 12 percent lower, Lipsky said.”
Read full article... Read full article...
Thursday, May 08, 2008
Why a Top in Crude Oil is Bullish for Gold Stocks / Commodities / Gold & Silver Stocks
By: Jordan_Roy_Byrne
Technical analysis isn't just a study of price action of a single stock or market. It involves much more. It has been a while since I've written about intermarket analysis, which studies and compares the relationships between markets. Some markets will be weak if certain markets are in a bull trend. Some markets trend together. A simple example of intermarket analysis is that gold and oil (and most commodities) tend to rise together. Wouldn't that entail gold stocks rising as well? Wouldn't that mean rising oil is good for gold stocks? Read full article... Read full article...
Thursday, May 08, 2008
Gold- The Only "Win-Win" Investment I know of / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: Gold's precipitous tumble from its record-high of $1,038 set on March 17 down to the recent $850 level has lots of people asking, "Is gold's bull market over?"
My answer: No! Not by a long shot!
I know you've been getting an earful from the talking-head ninnies about how the long-running commodity bull is getting short of breath and is about to be put out to pasture. Ignore them.
Read full article... Read full article...
Thursday, May 08, 2008
Global Food Riots Protend Trouble for the US Dollar / Commodities / Food Crisis
By: Chris_Galakoutis
On a trip to Canada recently I couldn't help but notice the extensive media coverage paid to the worldwide food price inflation, as well as the riots breaking out in many countries over food shortages.
And of course the list of reasons given by the so-called ‘economists' interviewed are completely devoid of the one all important reason fueling what may arguably become an epic food price inflation: the declining value of the US dollar.
Read full article... Read full article...
Thursday, May 08, 2008
Gold Rallies on Indian Festive Demand / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION hit a two-day high of $874 per ounce in thin trade Thursday morning in London, while world stock markets ticked lower and crude oil held just below yesterday's new record high of $123.93 per barrel.Government bond prices rose, pushing the yields offered to new buyers lower.
Read full article... Read full article...
Thursday, May 08, 2008
Gold Marks Time Ahead of US Jobless Claims / Commodities / Gold & Silver
By: Mark_OByrne
Gold traded around the $870.00 mark overnight with silver tracking movements around the $16.60 level. The London AM Gold Fix at 1030 GMT this morning was at $872.25, £445.48 and €568.61 (from $878.00, £446.38 and €565.25 yesterday).Read full article... Read full article...