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Sunday, April 06, 2008

Elliott Wave on Crude Oil and the US Dollar / Commodities / Crude Oil

By: Dan_Stinson

Short Term Forecast
The USD and Crude appear to be in triangle patterns, currently in wave (D). (The Euro also appears as a triangle in wave (D).)
The action has been very corrective for the USD and Crude indicating that a brief new high for Crude and a brief new low for the USD is expected. We can confirm that a triangle pattern is in play if we see a bounce off the trendlines at the wave (D) intercepts.

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Sunday, April 06, 2008

Gold and Silver Set to Soar in Euros! / Commodities / Gold & Silver

By: Julian_DW_Phillips

The focus in the gold market has always been on the $ price of gold and yet we have ample evidence of why we should not price gold in the US $, just as the oil price should not be priced in the US $. The fall of the $ has clouded the state of the global economy, its monetary system, as well as most of its markets. The gold and silver price has moved fairly closely with the € in the opposite direction to the $. But should it be attached so faithfully to the €?

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Saturday, April 05, 2008

Commodities 2008: Record Year in the Making / Commodities / CRB Index

By: Donald_W_Dony

KEY POINTS:
• Declining U.S. dollar set for sub-$0.70 prices by mid-year; this is fuel for commodities
• Short-term pullback expected for most raw material prices in April and May
• Up too far, too fast within bull market for CRB index; support at 370

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Friday, April 04, 2008

HUI Gold Bugs Stock Index Big Daily Moves Analysis / Commodities / Gold & Silver Stocks

By: Zeal_LLC

For precious-metals stock traders, weathering outsized volatility is a fact of life. Yet again over the last few weeks this truth was really driven home. The flagship HUI gold-stock index experienced some neck-snapping swings. And this generated much angst for those not yet steeled against such extreme volatility.

While long-term investors shouldn't care one bit, big swings can be very perilous for speculators. These big daily moves tend to generate intense levels of greed or fear. And these emotions are the mortal enemies of all speculators, the primary challenge that must be overcome if one is to succeed in trading.

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Friday, April 04, 2008

Gold Prices Wrong-Footed as US Payrolls Sink / Commodities / Gold & Silver

By: Adrian_Ash

SPOT GOLD PRICES dipped, bounced and then fell back again from a four-day high early Friday on news that US job losses exceeded expectations last month.

Non-Farm Payrolls for March showed a loss of 80,000 jobs vs. Wall Street forecasts of 50,000 cuts. Even the ever-bearish Briefing.com had penciled in only a 70,000 fall.

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Thursday, April 03, 2008

Buy Gold and Silver Stocks With Both Hands and Feet / Commodities / Gold & Silver Stocks

By: Clive_Maund

The sudden about-face last night to become bullish on gold and silver stocks again requires some explanation. We have been aware for some considerable time that Precious Metals stocks have been woefully underperforming gold and silver, a point made clear by Mr Bob Moriarty of www.321gold.com in his recent article Buy with both hands , but were not minded to go long because our research indicated that another heavy decline in gold and silver was imminent, which is what we have just seen.

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Thursday, April 03, 2008

Capital Controls- Are Gold and Silver Enough Protection? / Commodities / Gold & Silver

By: Julian_DW_Phillips

As we watch the credit crunch wend its toxic way across the developed world, we are seeing defensive action by some nations to lower its dependence on the U.S.A. so as to duck the recession that is now hitting there. The future of the U.S. in global trade has been damaged, with its currency's weakness providing some defense for the nation. 

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Thursday, April 03, 2008

Gold Dips Below $900 as Paulson (Almost) Admits US Recession / Commodities / Gold & Silver

By: Adrian_Ash

THE SPOT PRICE OF GOLD gave back an overnight rally to $905 per ounce early in London on Thursday, slipping $10 per ounce as the US open drew near.

Government debt prices ticked higher, pushing US bond yields further below the rate of inflation, as Asian stock markets closed higher but Wall Street futures pointed lower after US Treasury secretary Hank Paulson finally admitted that "we need to have this correction."

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Thursday, April 03, 2008

Gold Downtrend Forecast Update / Commodities / Gold & Silver

By: Nadeem_Walayat

This is an update to the gold price forecast posted on the 20th of March which illustrated a downtrend target for gold of $850. Subsequent price action now enables me to refine the forecast trend as illustrated by the below graph.

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Thursday, April 03, 2008

Elliott Wave on Gold and Silver Retracements / Commodities / Gold & Silver

By: Dan_Stinson

Short Term Forecast
The price action for Gold and Silver appears to be in a wave (2) or wave (B) correction. We should see the price of Gold and Silver advance to the recent highs attained on Mar 26th 2008. This wave up will also confirm if the intermediate highs are in place for the metals.

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Thursday, April 03, 2008

Gold Works Off Oversold Condition Ahead of Next Downleg / Commodities / Gold & Silver

By: Mike_Paulenoff

The strength off of yesterday's low at 86.05 to 88.40 in the streetTRACKS Gold Shares (NYSE: GLD) represents a recovery bounce within an incomplete downside correction that projects into the 83.00 target zone prior to completion. The only question for me is whether or not "the bounce" continues higher to 90.00 prior to the next rollover. My intraday work is telling me that at the very least, the GLD needs more time to work off the near-term oversold condition ahead of the next downleg. I will remain on the sidelines for now.

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Thursday, April 03, 2008

A New Floor in the Gold Price? / Commodities / Gold & Silver

By: Adrian_Ash

"...And here's where the thick red-wax crayon joins the slump of Spring 2008 to the big spike of May 2007..."

AFTER NOTING an historic move higher in the Gold Price last month, maybe we should be wary of picking a bottom today.

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Wednesday, April 02, 2008

A $1 million Wager for Gold Bears / Commodities / Gold & Silver

By: Prieur_du_Plessis

Gold bullion is under water at the moment with the price having dived sharply over the past two weeks. This move has triggered a myriad opinions ranging from the end of gold's 7-year bull market to a mere healthy correction in an ongoing uptrend. But few pundits have as strong a conviction as Jim Sinclair who is putting his money where his mouth is – $1 million smackaroos, to be exact, that the gold price will trade at US$1,650 before the second week of January 2011. Any takers? (Let's hope this is not Jim's version of an April Fool's hoax!)

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Wednesday, April 02, 2008

Gold Recovers as Emerging Economies Scramble to Cap Food-Price Inflation / Commodities / Gold & Silver

By: Adrian_Ash

THE PRICE OF GOLD rose steadily in European trade early Wednesday, adding more than 1% from last night's New York finish as Asian stock markets closed sharply higher.

European stock markets held flat, however, while crude oil added one dollar to $101.96 per barrel and short-dated US Treasury bonds bounced higher from Tuesday's sell-off.

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Wednesday, April 02, 2008

Gold and Silver- What's Changed? / Commodities / Gold & Silver

By: Bill_Bryan

The Metals, both Gold and Silver , as well as the entire commodity spectrum in recent sessions have been/are being pounded for hefty losses as crimson litters the landscape.

It is apparent that the entire complex now seems to be taking the "elevator down".

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Wednesday, April 02, 2008

Soaring Rice Prices Cause for Developing World Food Riots / Commodities / Agricultural Commodities

By: Ned_W_Schmidt

Rice is an all important staple food in much of the world. In the past year, the price of rice has rocketed from under $11 to more than $19, and even above $20 in overnight electronic trading. These prices are now the cause of food riots around the world. In recent times they occurred in Guinea, Mauritania, Mexico, Morocco, Senegal, Uzbekistan and Yemen (NY Times,29 Mar 2008) . In the Philippines, the government is worried about hoarding as that nation imports almost twenty percent of its rice consumption. Restrictions on global supplies are slowly developing.

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Tuesday, April 01, 2008

Gold Sinks Below $900 on "Panic Selling" of Commodity Investments / Commodities / Gold & Silver

By: Adrian_Ash

THE SPOT PRICE of physical gold bullion sank to a two-month low of $889 at the start of London trade on Tuesday, taking the last fortnight's losses to more than 14% before recovering to $897 per ounce.

Crude oil recovered $1 after dropping to $100 per barrel, copper futures dropped 2.5%, and soft commodities continued to plunge in what one analyst called "panic selling".

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Tuesday, April 01, 2008

Gold Correction Continues Lower on Break Below $900 / Commodities / Global Stock Markets

By: Mark_OByrne

Gold is down in Asian and early trading in London this morning. Gold was down $14.40 to $916.20 per ounce in trading in New York yesterday while silver was down 62 cents to $17.16 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $897.00, £453.90 and €572.32 (from $937.25, £472.17 €592.82 yesterday).

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Monday, March 31, 2008

Gold and a Newer Generation / Commodities / Gold & Silver

By: David_Vaughn

Well, now that gold has surpassed 1,000 an ounce it should be preparing for its dramatic descent. The fact is that the common man has been brainwashed for 20 years that gold is bad and evil. Now that it is over 900 he knows by all his learning that gold should soon drop through the floor. Small investors all around the country are selling their physical gold for paper dollars.

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Monday, March 31, 2008

Silver, Gold and JFK the Last American Hero / Commodities / Gold & Silver

By: Darryl_R_Schoon

hero, def. a man distinguished by exceptional courage and nobility and strength - wordnet.princeton.edu/perl/webwn

Like everything in our past, the late American president, John Fitzgerald Kennedy, exists as a memory. Struck down by an assassin in a decade where bullets—democracy's deadly equalizer—quieted those brave enough to champion change, e.g. JFK, Martin Luther King and Robert Kennedy, President John Fitzgerald Kennedy was a true American hero; and heroes, while a champion to many are, by definition, a threat to some.

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