Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, May 13, 2008
Increase of Chickens Consumption Contributing to Agro-Foods Boom / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
Ethanol is beginning of search for alternatives to petroleum based fuels, not the best nor the end of that search. Ethanol is first step in move backwards in biological terms to sun/plant juncture where solar energy is converted to form humans and animals can use. Recently, with exception of corn farmers, ethanol seems to be loosing friends. The “jump to a conclusion without the facts” group is blaming ethanol for high and rising food prices.Read full article... Read full article...
Tuesday, May 13, 2008
Crude Oil Marches Higher on Chinese Earthquake / Commodities / Crude Oil
By: Mike_Paulenoff
The viciousness with which the oil market pivots and reverses in both directions certainly is unnerving- at least to me, anyway. "The market" has totally bought into the idea that supplies are so tight that 500,000 bbls of Nigerian crude oil stuck in port, coupled with increased demand for diesel fuel from the Chinese earthquake region are reasons for nearby crude oil prices to climb from $123 to new all-time highs at $127 (3%) in about two hours of trading! Whether we believe those explanations or not really does not matter, because price means everything, and right now, price is on the march higher once again.Read full article... Read full article...
Tuesday, May 13, 2008
Gold Bounces as Stock Markets Fall on Horrific Data / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES fell to a three-session low early Tuesday, finally bouncing higher from $876 per ounce as European equities slipped alongside crude oil prices and government bonds.
Only base metals bucked the trend as the Dollar ticked higher on the currency markets.
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Tuesday, May 13, 2008
Gold Underpinned by Surging Inflation in UK, China and Internationally / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down 80 cents to $883.90 yesterday but silver was up 36 cents to $17.16. The London AM Gold Fix at 1030 GMT this morning was at $877.00, £450.18 and €566.61 (from $887.25, £453.91 and €573.60 yesterday).Read full article... Read full article...
Tuesday, May 13, 2008
Commodity Market Summary / Commodities / Agricultural Commodities
By: Emanuel_Balarie
Grains - Corn fell over 2-percent today, with the July contract settling 14 1/2 cents lower at $6.14 ¾ a bushel. Improving planting conditions in the U.S. Midwest with forecasts for no major storms before May 21st will accelerate plantings that have experienced extended delays due to wet weather.Read full article... Read full article...
Monday, May 12, 2008
Sell Gold Shares in May and Walk Away? / Commodities / Gold & Silver Stocks
By: John_Lee
Here we are in May, and everyone asks the question, is it time to sell and walk way? Well that depends what you are holding. This article focuses on timing in regard to the junior resource mining equities, for which we use the S&P/TSX Ventures Composite Index as a proxy.
Resource Junior Sector Roller Coaster
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Monday, May 12, 2008
Natural Gas Overbought / Commodities / Natural Gas
By: Mike_Paulenoff
Yes, the US Natural Gas ETF (AMEX: UNG) is a roaring bull move off of its 2007 Double Bottom in the low 33 area. Yes, the upmove off of the base area (45.00-34.00) has been powerful to say the least, but it also has fulfilled its measured target zone in the vicinity of 55.00. This does NOT mean that the UNG cannot or will not continue higher; however, when coupled with the glaring daily (and weekly) RSI negative momentum divergences, the fulfilled upside potential of the UNG pattern takes on more interesting dimensions.Read full article... Read full article...
Monday, May 12, 2008
Precious Metals Correction to End in May / Commodities / Gold & Silver
By: Captain_Hook
Neither A Borrower Nor A Lender Be - And most certainly, don't be a gold producer, as the deck is definitively stacked against you here too. We will get back to this subject in just a minute. But first, let's expand on that title, as it's a beauty given global monetary conditions appear to be progressing into a state of hyperinflation . Neither a borrower nor a lender be – is a line first penned by Shakespeare in reference to important lessons in life, which more recently has morphed into a forgotten mores rooted in lessons learned during hard times – or should I say ‘honest money times.' Honest money times – what the heck are ‘honest money times'? Such a terminology implies government and monetary authorities are attempting to pull a fast one in that they are issuing ‘dishonest money'. How can this be when foreigners accept our currency for manufactured ‘hard items', on top of the fact everybody has access to the information concerning currency debasement policies of the present day governing regime?Read full article... Read full article...
Monday, May 12, 2008
Gold Positive Fundementals as Western Economies Face Stagflation Threat / Commodities / Gold & Silver
By: Mark_OByrne
After last week's more than 3% gain in gold, gold surged to nearly $890.00 in early trading in Asia prior to succumbing to subsequent profit taking. The London AM Gold Fix at 1030 GMT this morning was at $887.25, £453.91 and €573.60 (from $863.50, £434.64 and €556.74 on Friday).It is hard to see gold falling significantly this week unless there is a sharp fall in oil prices and strengthening of the dollar – both of which seem unlikely. However, gold has surprised to the downside in recent weeks and further consolidation may be needed prior to challenging $900 again. With oil remaining well bid above $125 and geopolitical risk in Nigeria, Lebanon and Iran still of importance, gold looks likely to be well bid at these levels.
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Monday, May 12, 2008
Gold Slips as Speculators Turn Bullish on the US Dollar / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD slipped $10 early in London on Monday, trading below $890 per ounce as world stock markets ticked higher and government bonds sold off.The Euro picked up 1.5¢ against the Dollar from last week's two-month beneath $1.5300.
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Monday, May 12, 2008
Silver Correction Over and Gearing Up for Explosive Rally / Commodities / Gold & Silver
By: Clive_Maund
Silver'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, it was pointed out that silver was noticeably outperforming gold, and that this implied that if gold went on to drop to our target zone for its correction in the $830 - $850 area, silver might not react much further if at all, and this, as we now know, is exactly what has happened, for it has only dropped marginally below its late March lows, and has not broken below the zone of support that put a floor under it at that time - this is a sign of resilience. Read full article... Read full article...
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.
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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.
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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.
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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.
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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.
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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...