Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, April 24, 2008
How to Protect Yourself and Profit from the Global Food Price Crisis / Commodities / Agricultural Commodities
By: William_Patalon_III
When the leader of the United Nation's World Food Programme warned that a "silent tsunami" of hunger is sweeping the globe because of soaring food prices, a lot of folks probably viewed it as just another clever sound bite tossed off by a bureaucrat.
Don't you believe it.
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Thursday, April 24, 2008
Gold Falls to Support at $900 / Commodities / Gold & Silver
By: Mark_OByrne
Gold broke down from its range bound channel yesterday and quickly fell to support at $895-$900 as anticipated. Should gold fall below $900 we could again retest the support of the early April lows of $880. We expect strong support at these levels but there is a possibility that should gold close below $880 we could retest previous resistance at the 1980 nominal high of $850 per ounce.Read full article... Read full article...
Thursday, April 24, 2008
Crude Oil Tops $119! What's Next ... / Commodities / Crude Oil
By: Money_and_Markets
Sean Brodrick writes: Since trading as low as $50.53 early in 2007, oil prices have exploded higher, stunning the world. Just yesterday, crude jumped to a new all-time high above $119 a barrel!
Consumers would probably be happy just to see oil fall back to $100 a barrel. How sad is that?
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Wednesday, April 23, 2008
Gold Bull Market Drivers: Cheap Money, Rapid Inflation / Commodities / Gold & Silver
By: Jim_Willie_CB
The two primary engines pushing the US Dollar down are extraordinarily low borrowing costs and extraordinarily high monetary growth. Money is very cheap to borrow, which encourages speculation for basic reason that many investments are rising in price. That covers the demand side for money. The money supply is growing out of control. It is hard to describe any modern day monetary event as like Weimar German times, but this is becoming close. The supply of new money is growing so fast that it is causing internal problems that are not fixable. Prices are rising broadly in the US Economy, since the nation imports everything. Too bad then nation cannot import leaders for government, the financial sector, economic counsel, regulatory bodies, debt rating agencies. While you are at it, import a free press network system.Read full article... Read full article...
Wednesday, April 23, 2008
Gold and Silver Bull Market Chart Bonanza! / Commodities / Gold & Silver
By: Jordan_Roy_Byrne
In today's chart update I'm going to review the precious metals sector. First I would like to debunk some of the reasons given why the bull run in precious metals is over.
1) The Fed will be done cutting rates.
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Wednesday, April 23, 2008
Gold Continues Healthy Consolidation Before Next leg Higher / Commodities / Gold & Silver
By: Mark_OByrne
Gold remains in lockdown and is range bound in a narrow channel between $910 and $926. A close above or below this channel will likely see gold test support at $880 or challenge resistance at $950 (see Technical Analysis below). Gold was up $7.40 to $922.10 per ounce in trading in New York yesterday and silver was up 27 cents to $17.61 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $916.25, £ 459.50 and €573.95 (from $ 920.75, £464.21 and €576.98 yesterday).
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Wednesday, April 23, 2008
Gold Weakens as Euro and Crude Oil Retreat from All time Highs / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back an overnight rally in early London trade on Wednesday, dropping 0.9% to a low of $914.60 per ounce as the Euro and crude oil both slipped from their new record highs vs. the Dollar.World stock markets lacked direction in volatile trade, while US Treasury bond prices fell for the eighth day running.
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Wednesday, April 23, 2008
The Mysterious Case of the Commodity Conundrum, Securitization of Commodities and Systemic Concerns (Part 2) / Commodities / Derivatives
By: Mack_Frankfurter
Part 1
"The theories which I have expressed there, and which appear to you to be so chimerical, are really extremely practical—so practical that I depend upon them for my bread and cheese." — Sherlock Holmes, A Study in Scarlet (1888)
The mysterious case of the commodity conundrum is sure to elicit passionate debate on either side of the equation—is the commodity boom due to speculation or fundamentals? By the time you read this, a battle in this dispute will have taken place on April 22, 2008 with the CFTC roundtable on agricultural markets.
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Tuesday, April 22, 2008
Encouraging Action for Gold Bulls / Commodities / Gold & Silver
By: Chip_Hanlon
When discussing gold and commodities on CNBC last month , I said I expected gold to underperform commodities such as energy, base metals and agriculture for a period of time. While that scenario has played out and will likely continue to for a little while longer, gold bugs should be encouraged by how the precious metal has performed in recent weeks; while gold was quite overbought on a short-term basis a month ago, it has very quickly moved to a less overbought state while giving back only about 10% of its price as we speak. That's bull market action.Read full article... Read full article...
Tuesday, April 22, 2008
The Mysterious Case of the Commodity Conundrum, Securitization of Commodities and Systemic Concerns- Part 1 / Commodities / Derivatives
By: Mack_Frankfurter
"The theories which I have expressed there, and which appear to you to be so chimerical, are really extremely practical—so practical that I depend upon them for my bread and cheese." — Sherlock Holmes, A Study in Scarlet (1888)
The mysterious case of the commodity conundrum is sure to elicit passionate debate on either side of the equation—is the commodity boom due to speculation or fundamentals? By the time you read this, a battle in this dispute will have taken place on April 22, 2008 with the CFTC roundtable on agricultural markets.
Read full article... Read full article...
Tuesday, April 22, 2008
Gold Ticks Higher on Nigeria Crude Oil Blockage / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher in the first-half of London trade on Tuesday, holding 0.6% above Monday's low of $912.50 per ounce as crude oil rose to a new record high and government bond prices fell sharply, pushing longer-term interest rates higher.Mining and oil stocks rose in Europe, but banking shares fell after a private-sector rescue of a leading "pfandbrief" lender to Germany's federal-state governments.
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Monday, April 21, 2008
Gold Diverging from the US Dollar? / Commodities / Gold & Silver
By: Mike_Paulenoff
Have gold prices (NYSE: GLD) stopped responding to the weakness in the dolllar? Lately, it certainly would appear so. Let's notice that since mid-March, the Euro actually has carved-out a "rising wedge" pattern, which depicts a series of horizonal rally peaks (around 1.59.00/85 juxtaposed against a series of rising pullback lows), which are putting upward pressure to thrust the euro above 1.6000 into new all-time high territory. Conversely, we have gold prices ignoring the still-bullish pattern in the euro/$, and instead, in the grasp of a downside correction that points towards additional weakness beneath the 4/01 low at $872 on the way to $850/$820. Why the divergent action? Read full article... Read full article...
Monday, April 21, 2008
Energy Sector Outlook: Bullish Oil and Gas Trends Still in Place / Commodities / Crude Oil
By: Joseph_Dancy
The price of crude oil hovered around $100 a barrel last month, while natural gas futures pushed toward $10 per thousand cubic feet. Both are impressive due to the fact we are in ‘shoulder season' – a time when moderating weather tends to weaken prices. Long term demand and supply trends remain powerfully bullish. Last month the following events occurred in the energy sector: Read full article... Read full article...
Monday, April 21, 2008
Global Grain Prices Reach Record Levels– Fuel Boom In Agricultural Sector / Commodities / Agricultural Commodities
By: Joseph_Dancy
The upward trend in grain and food prices continued last month. Many exporting countries limited agriculture exports, or raised export taxes, to insure adequate domestic supplies. Global inventories of most grains remained at low levels – levels not seen in decades.
Should adverse weather in any of the major global grain producing regions impact this summer's crop, a crisis may erupt in the agriculture sector – which is already under enormous strains. Last month the following developments occurred:
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Monday, April 21, 2008
Gold Volatile Following Last Weeks 4.5% Plunge / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD whip-sawed in a volatile $8 range early Monday, twice spiking above $923 before sliding back below last week's close to record an AM Fix in London today of $915.75 per ounce." Gold [in Dollars] is really struggling to make much headway after Friday's [4.5%] fall," noted Tom Kendall of Mitsubishi Corp. to Reuters earlier. "It wouldn't be a surprise to see a test of the downside support around $905." Read full article... Read full article...
Monday, April 21, 2008
Gold Volatile Monday Trading / Commodities / Gold & Silver
By: Mark_OByrne
In volatile and choppy indeterminate trade in Asia and Europe gold has traded in tight range between $915 and $923. The London AM Gold Fix at 1030 GMT this morning was at $915.75, £461.64 and €577.40 (from $942.25, £472.19 and €592.31 Friday).Read full article... Read full article...
Monday, April 21, 2008
G.O.L.D. (Gold, Oil, Libor , Dollar) / Commodities / Gold & Silver
By: Joe_Nicholson
“Support and resistance at the moving averages has so far contained the rallies in gold, but prevented new lows. This situation may be about to change.”~ Precious Points: The Power to Move You, April 13, 2008Read full article... Read full article...
Sunday, April 20, 2008
Gold Downtrend Technical Update / Commodities / Gold & Silver
By: Nadeem_Walayat
This is a quick update of the Gold forecast trend to between $800 to $830. For the background to the forecast see the two previous articles -
- 03 Apr 2008 - Gold Downtrend Forecast Update
- 20 Mar 2008 - DELEVERAGING- Gold and Commodities Teetering on the Brink of a Bear Market?
Sunday, April 20, 2008
Derivatives - The Real Dangers to Commodities! / Commodities / Gold & Silver
By: Julian_DW_Phillips
The visible dangers of derivatives have been well documented on the internet, as the dangers of their collapse have the same potential as the sub-prime crisis is having now, but the long-term upward drive in commodity prices should limit the threat to a process of de-leveraging, as we have already seen in the large lowering of net speculative long gold positions on COMEX. But we are going to highlight a potentially more destructive facet of derivative here.Read full article... Read full article...
Sunday, April 20, 2008
Gold Fails at Resistance Triggering Downtrend / Commodities / Gold & Silver
By: Merv_Burak
It looked for a while there like gold could break above its previous rally high but a weak momentum and weak volume action put a halt to that idea. Now what?
GOLD LONG TERM
With the action over the past week or so and especially on Friday one might wonder where the long term P&F chart is now. Well, it has changed little since presented last in this commentary on 04 April 2008 . It is in a serious downward trend and has given us down side projections, once a reversal has been confirmed, but the reversal has not yet been confirmed, by my criteria. The price of gold would have to drop to $870 for a reversal to be confirmed. Should that happen then the projections to $840 and $660 come into play.