Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, March 16, 2008
Gold $1000 and Bullish, Silver Boxed in for a Breakout / Commodities / Gold & Silver
WOW! $1000 per oz. Where to from here? I still remember when the DOW first breached its 1000 mark. It was 10 years before it went anywhere after that. I don't see the same for gold, but who knows?
GOLD : LONG TERM
Well, it hasn't quite hit my long term P&F projection of $1020 but it got awfully close. Maybe this week. The next projection would then be $1125. The very long term $1600 projection is getting closer and closer.
Saturday, March 15, 2008
Crude Oil Bull Market Uncovers Two New Investment Opportunities / Commodities / Oil Companies
There are few countries or regions of the world that are seeing real growth in oil production. The simple fact is that the large onshore fields that have met the world's oil demand for decades are now mature and already seeing declining production.
To offset declines from these easy-to-produce oil and gas fields, producers will increasingly target smaller, more-complex fields, as well as fields that are harder and more expensive to reach.
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Friday, March 14, 2008
A Cheaper Dollar to Take Dollar Gold Prices Much Higher? / Commodities / Credit Crisis 2008
As with so many crises in history, the consequences of certain situations are not foreseen, or if they had been foreseen were downplayed to either inaction, or insufficient action. So it has been with the "sub-prime" crisis that is now a full blown liquidity crisis that is spreading like a gangrene into other aspects of the credit market. You may still wonder why this crisis is causing such a threat to the entire financial system so as to cause the Fed to 'throw money from helicopters'? The problem is essentially due to the functioning of collateral.Read full article... Read full article...
Friday, March 14, 2008
Mainstream Media View- Beaten-Down Stocks Going Cheap! / Commodities / Gold & Silver
"...Oh gee, what a move! It took me almost two years to get back to break-even..."
"THE TIME TO MAKE MONEY in the stock market is not when things are going gangbusters," reckons Stephen Gandel – yet another senior writer at Money Magazine . (Do they have any juniors...? Just wondering.)
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Friday, March 14, 2008
Gold Stocks Headed for Boom or Bust? / Commodities / Gold & Silver
Depending on whether you prefer to see the glass as half full or half empty, the technical picture for gold stocks is either great – or horrible, at this point.Bad news first: - Three Megaphones
The HUI continues to trace out one successive megaphone pattern after another. There is the big one that was begun in November-December last year.
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Friday, March 14, 2008
Crude Oil Weakness Ahead Means Rally for Macroshares Oil Inverted / Commodities / Oil Companies
At the very least, my near-term work in the MACROshares Oil Down Tradeable Shares (AMEX: DCR) is warning me that the Jan-Mar decline from near 15.00 to 8.00 is complete, and that a recovery rally period has started that should carry to a minimum of 10.00/30. Only a resumption of weakness that violates 8.00 will invalidate my current outlook, which will imply that crude oil prices are roaring again.Read full article... Read full article...
Friday, March 14, 2008
Gold Holds Steady on US Inflation Data / Commodities / Gold & Silver
THE SPOT PRICE OF GOLD recovered a sharp dip at London lunchtime on Friday as the US Dollar bounced almost 1% from Thursday's all-time lows on strong inflation data.Read full article... Read full article...
Friday, March 14, 2008
Gold Breached $1000 on Safe Haven Demand / Commodities / Gold & Silver
As expected, gold reached the greatly anticipated and important psychological mark of $1000 per ounce in the futures market yesterday. Profit taking subsequently saw it sell off slightly. Gold was up $13.10 to $992.30 per ounce in trading in New York yesterday and silver was up 39 cents to $20.34 per ounce. In Asian and early European trading gold consolidated and remained in a range between $993 and $1000. The London AM Gold Fix at 1030 GMT this morning was at $997.00, £491.617 and €641.158 (from $975.75, £483.26 and €630.90 yesterday).Read full article... Read full article...
Friday, March 14, 2008
Silver Bull Market Moving In Parabolic Arc / Commodities / Gold & Silver
About a week ago in the last Silver Market update we called a SHORT-TERM top in gold and silver, and we got one. As you may recall the timeframe for the reaction was until about the 17th. Although we have seen a reaction it has thus far been modest, and now, after the extraordinary action and events of the past couple of days, it MAY be over. In any event, with the time window for the reaction soon to close, and downside now considered to be limited, the risk is thought to be that of missing out on the next upleg, which promises to be even bigger than the last one.Read full article... Read full article...
Thursday, March 13, 2008
Gold Uptrend Accelerating into Spectacular Vertical Asset! / Commodities / Gold & Silver
About a week ago we called a short-term top in gold and silver, and although we got one, the subsequent reaction has turned out to be very muted. Meanwhile, oil has powered relentlessly higher and the dollar has continued to crumble as the Fed's increasingly desperate and frequent measures to arrest or at least postpone the gathering financial maelstrom are seen to be impotent.Read full article... Read full article...
Thursday, March 13, 2008
Global “Oil Shock” Rattles World Stock Markets / Commodities / Crude Oil
Cleaning up the mess that Mr Greenspan left behind was never going to be easy. Banks and brokers around the world face more than half-trillion dollars in write-offs as a consequence of the US sub-prime mortgage crisis, which is spreading from the US property market and roiling global stock markets. It's toppled the US economy into a recession and the tremors are also rattling Asian stock markets.
Roughly $7 trillion has been wiped from world stock markets since the beginning of the year amid fears of a severe US economic recession and financial institutions reporting more mega losses. “The market crisis will preoccupy us well into 2008,” he said German Finance Minister Peer Steinbrueck on Feb 15th. “The financial risks securitized by banks contained packaged explosives,” and he accused rating agencies of having a conflict of interest in the role they played in the process.
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Thursday, March 13, 2008
Dow Jones Lags Gold Returns by 200% - Open Your Eyes! / Commodities / Gold & Silver
Are you a commodities investor with friends that think you are "crazy" for investing in precious metals? Do these same friends advise you to indefinitely "buy and hold" a large amount of "well diversified" mutual funds for the "long term"? We are continually amazed at how few investors seem to open their eyes to changes all around them, including what is really happening in the financial markets.The following chart illustrates what would have happened to the Dow Jones Industrial average if it had increased in value at the same percentage rate as gold has since the year 2000.
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Thursday, March 13, 2008
HUI Precious Metals and Mining Stocks Liftoff! as S&P Breaks Down / Commodities / Resources Investing
The US Dollar DX index has hit my 72 target on this latest leg of its breakdown. The news is all wretched. Iran , Nigeria , and even tiny Vietnam are rebelling against the crippled buck. The Persian Gulf Arab nations are trying to find a graceful way to detach from their devastating US$ peg that has wrought horrendous price inflation to the region. The end of the defacto PetroDollar standard will be the biggest external event concerning the US Dollar this year, while the failure of prime Exploding ARMs will be the biggest internal event. The prime adjustable mortgages of unique detonation design and typical amplified destructive leverage are due to explode this summer, sure to change the false label promoted. The current bank problems originated with subprime mortgages, but they have extended inroads into primes and now have begun to enter commercial avenues.Read full article... Read full article...
Thursday, March 13, 2008
Gold Hits $1000 as US Dollar and Stocks Sink, Crude Oil Hits $110 / Commodities / Gold & Silver
SPOT GOLD PRICES Hit $1,000 per ounce in London on Thursday as the US Dollar sank to new record lows, oil traded further above $110 per barrel, and world stock markets sank."Concerns in the credit market, persistent Dollar weakness, and gradual acceleration of inflationary pressures is providing a foundation of support for gold," says James Steel of HSBC.
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Thursday, March 13, 2008
Uranium Stocks Trend Remains Bearish Despite Recent Rally / Commodities / Uranium
Another up day but nothing to celebrate. The Merv's Daily Uranium Index closed higher by 0.027 points or 0.82%. There were 27 winners, 19 losers and 4 unchanged. Of the top five based upon market value, Cameco gained 1.9%, Denison gained 5.9%, First Uranium was unchanged, Paladin gained 4.2% and Uranium One gained 4.9%. The best performer was Energy Fuels with a 24.1% gain while the worst performer was Aurora Energy with a loss of 8.8%.Read full article... Read full article...
Wednesday, March 12, 2008
Gold Rules for a Decade / Commodities / Gold & Silver
Well, gold continues to hover around 1,000 an ounce. It won't be long before it crashes the 1,000 dollar level. Our world is in a bigger mess than most folks care to acknowledge.
Boris Sobolev – “Instead of trying to guess tops and bottoms, the best strategy is to continue to accumulate bullion as well as shares of junior producers, exploration and development companies on weakness. Gold price is going much higher in the coming years and the prices of undervalued junior stocks are going to explode as they become targets for acquisition. A few short years down the road, the trepidations experienced today by investors in small cap gold stocks will look quite silly.” Boris Sobolev, 3-6-2008
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Wednesday, March 12, 2008
Gold Rises as Central Bank "Crisis Action" Fails to Ease Money-Market Fears / Commodities / Gold & Silver
SPOT GOLD PRICES rose out of a tight 1% range as the US opening drew near on Wednesday, while global stock markets continued to bounce after four months of losses in response to yesterday's historic "crisis action" from seven of the world's biggest central banks.Short-term Dollar lending pressures eased in London , but the cost of borrowing Euros continued to rise. The US currency fell towards a new record low vs. the Euro at $1.5490.
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Wednesday, March 12, 2008
Gold Up as the $500 Trillion Derivatives Time Bomb Keeps Ticking / Commodities / Gold & Silver
Gold was up $4.10 to $974.30 per ounce in trading in New York yesterday silver was down 3 cents to $19.64 per ounce. In Asian and early European trading gold has traded sideways to slightly up. The London AM Gold Fix at 1030 GMT this morning was at $975.75, £483.26 and €630.90 (from $980.50, £485.47 and €633.40 yesterday).Gold may continue to consolidate prior to the much anticipated rally to the $1,000 mark. But given the continuing weakness in the dollar (se FX below), record high oil prices and the continuing credit crisis, gold will likely continue to surprise to the upside. Read full article... Read full article...
Wednesday, March 12, 2008
Gold Parabolic Trend Targets $1500 as US Dollar Destined for Financial Oblivion / Commodities / Gold & Silver
When a ball is thrown into the air, the speed of that ball decelerates until gravity becomes the more powerful force. Balls, when thrown into the air, do not suddenly rise at a faster rate. Such is the way physics works, and the way markets work. Were this not true, the sky would be filled with balls and the NASDAQ would still be above 5000. $Gold, as wonderful as it is, is not immune to financial gravity.Read full article... Read full article...
Tuesday, March 11, 2008
Will Gold Catch-up with Crude Oil? / Commodities / Gold & Silver
Oil and gold have had a long association in the minds and hearts of investors. Where one goes, the other seems to follow. So when OPEC made its announcement last week to maintain production at current levels, gold market participants might have taken it as a suggestion that gold would be basing at just under $1000 instead of forming a top. When comparing oil and gold on the inflation-adjusted charts, however, there appears to be more to the story than the possibility that we have reached an interim bottom.Read full article... Read full article...