Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
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.
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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.
Saturday, April 19, 2008
How to Profit from the Worlds Vanishing Seafood- "Live Gold!" / Commodities / Resources Investing
By: Money_and_Markets
All the Johnny-come-latelies are finally waking up to some of the things I've been warning you about — and helping you profit from — for years now ...
For example, the world's deepening water crisis, which I brought to the surface way back in August 2005, even being one of the first, if not the first analyst to coin the term "blue gold."
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Saturday, April 19, 2008
Why Gold Was 'Hacked' Friday- and How / Commodities / Gold & Silver
By: Alex_Wallenwein
The market delivered a huge"drubbing" to gold and silver Friday– or at least that's what thefinancial powers want you to think. Read full article... Read full article...
Saturday, April 19, 2008
Investors Pick Your Poison Now / Commodities / Resources Investing
By: Kurt_Kasun
The "true grit" of the American investor was on display today as earnings from JP Morgan and Coca-Cola buttressed earnings from Intel, and the tech sector lead all of the indexes higher in today's commendable rally as a result. Never mind endlessly exploding oil prices, a beige book report which confirms the further deterioration of the economy across much of the nation, and a housing report that shows that new starts have plunged to the lowest level in 17 years. Read full article... Read full article...
Friday, April 18, 2008
Making Sense of Precious Markets Turbulence- Gold, Silver, HUI Technical's / Commodities / Gold & Silver
By: Zeal_LLC
After an exceptionally turbulent month in the precious-metals complex, many traders are trying to make sense out of all the chaos. Did the recent violent retreats in gold, silver, and the HUI gold-stock index likely mark the ends of their respective uplegs? Or do these strong uplegs probably remain intact?
Obviously this question is crucial as the prudent tactical trading strategy going forward varies radically based on its answer. If these PM uplegs have given up their ghosts, then it makes sense for traders to unload their remaining long positions and maybe even get short. But if these PM uplegs persist, then the gains to come will still be reaped on the long side.
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Friday, April 18, 2008
Gold Price Is Not Going To Crash / Commodities / Gold & Silver
By: David_Vaughn
Gold Price Is Not Going To CrashAs I look in the newspaper I see a lot of interesting predictions. Some analysts are predicting 6% unemployment by the end of the year. Microsoft is desperately trying to buy Yahoo. Offering 41 billion for a company whose major asset is the Internet.
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Friday, April 18, 2008
Gold Plunges 3.4% on Dollar Rallies, Rising Banking Stocks on Bad News / Commodities / Gold & Silver
By: Adrian_Ash
Gold Plunges 3.4% on Dollar Rallies, Rising Banking Stocks on Bad NewsSPOT GOLD PRICES dumped 3.4% to $912 per ounce in the first-half of London trade on Friday, falling to a five-session low of $916 per ounce as both commodity and bond prices fell, but European stock markets rose.
Crude oil dipped one dollar from yesterday's new record high above $115.50 per barrel as the US currency rallied from new record lows in the forex market.
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Friday, April 18, 2008
Rogers and Soros- Investors Shifting to Real Assets Including Gold and Oil / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up in Asian trading to $946 per ounce before falling in London trading this morning to $936 per ounce. Gold was down $5.30 to $939.80 per ounce in trading in New York yesterday and silver was down 13 cents to $18.18 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $942.25, £472.19 €592.31 (from $951.50, £481.04 and €595.88 yesterday).Read full article... Read full article...
Thursday, April 17, 2008
Kinross Gold Corporation Re-visited / Commodities / Gold & Silver Stocks
By: Bob_Kirtley
Kinross Gold Corporation, has made terrific progress a since it was established in 1993 and is now the third largest primary gold producer in North America by reserves. All its nine mines are in relatively politically stable countries such as the United States , Brazil , Chile and Russia . Canadian based Kinross employs more than 5,000 people worldwide. Read full article... Read full article...