Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, March 11, 2008
Gold and Crude Jump as Investment Funds Pile into Commodities / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose 1.1% at the London opening on Tuesday, reaching a three-session high above $984 per ounce.
Crude oil surged to its fifth consecutive all-time record, while Tokyo stocks closed higher for only the second time this month. European shares jumped more than 2% by lunchtime in London after the European single currency came within shouting distance of $1.55.
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Tuesday, March 11, 2008
Gold and Dow Jones 40 Year Long-term Price charts / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $1.80 to $970.20 per ounce in trading in New York yesterday silver was down 44 cents to $19.28 per ounce. In Asian trading gold traded sideways but in early European trading gold and silver have again rallied strongly. The London AM Gold Fix at 1030 GMT this morning was at $980.50, £485.47 and €633.40 ($973.15, £481.52 and €633.03 yesterday). Read full article... Read full article...
Monday, March 10, 2008
Gold and Commodities Follow Stocks Lower on Vicious Cycle of Forced Selling / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back and then reversed early gains on Monday, losing $9 per ounce by lunchtime in London to trade at $964.50.Energy and soft commodity prices also slipped – taking WTI crude oil just below $104.50 per barrel – as short-term bond yields fell and Asian stock markets sank once again, led by a near-10% drop in Malaysia after the ruling coalition lost one-third of its seats in the weekend elections.
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Monday, March 10, 2008
Deepening Credit Crunch Supports Bullish Gold Trend / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $3 to $972.00 per ounce in trading in New York on Friday and silver was up 3 cents to $20.16 per ounce. In Asian trading gold rose to $980.22 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $973.15, £481.52 and €633.03.Read full article... Read full article...
Monday, March 10, 2008
Peak Oil - True or False? / Commodities / Crude Oil
By: Stephen_Lendman
The arguments are so one-sided, it's practically a given that "peak oil" is real and threatening. Or is it? This article examines both sides. It lets readers decide and deals only with supply issues, not crucial environmental ones and the need to develop alternative energy sources. First some background. The name most associated with "peak oil" is M. King Hubbert. He became the world's best known geologist when he worked for Houston-based Shell Oil Company from 1943 to 1964. His theory goes something like this. Oil is a finite resource. Peak oil, or Hubbert's peak, is the point at which maximum world production is reached, after which its rate terminally declines.
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Monday, March 10, 2008
Beat the Panic With Commodity ETF's - Major Action Alert / Commodities / Exchange Traded Funds
By: Money_and_Markets
Sean Brodrick writes: These commodity markets are going wild, and I'm responding with major action — new commodity ETF recommendations I'm going to issue by mid-week, probably Wednesday. If you want to jump in, I must hear back by Tuesday.
Think the recent price explosions have been climactic?!
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Sunday, March 09, 2008
Gold Short-term Giving Worrying Technical Signals / Commodities / Gold & Silver
By: Merv_Burak
Despite some volatile daily moves, on a chart this past week it looked like a sideways trend, even possibly a topping action. Let's see.
GOLD : LONG TERM
Taking away most of the trend, support and resistance lines from the P&F chart and leaving only a few primary lines gives an interesting view of the bull market since 2001. With the present units and reversals used in the chart the original primary up trend line, if extended, shows the action of the past several months just hugging the line, slightly above at times and slightly below at other times.
Friday, March 07, 2008
What Will Take Gold Through the $1,000 Barrier? / Commodities / Gold & Silver
By: Julian_DW_Phillips
Gold and silver prices are making new ground every day and are consolidating, seemingly in preparation for an attack on $1,000. Thereafter, who will buy gold and pay over $1,000? It seems a daunting price for any new Investor or even one with a sizeable holding already.
A Psychological Barrier
Why is $1,000 such a barrier? The move to four figures implies it is in a new league, in top gear and can't hold that level. If one looks at the gold price in the € the picture changes. In those, now distant days, when the € was worth $1.25, the € price of gold battled heavily to get past €530; it now sits at €640. It seems that a 20% rise is not so outrageous as we thought. Look at gold in the Australian $ or the Japanese Yen. There hasn't been any where near such a rise as we have seen in the US$ price of gold?
Friday, March 07, 2008
Gold Resilient in the Face of Hedge Fund Panic Forced Selling of Assets / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD BULLION dipped once again early in London on Friday, after recovering yet another sharp fall sparked by a forced sale of stocks, bonds and mortgage-backed assets from heavily indebted fund managers.Read full article... Read full article...
Friday, March 07, 2008
Gold Technically Overbought But Supported by Strong Fundamentals / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down some 1.1% or $11.10 to $975.00 per ounce in trading in New York yesterday and silver was down some 2.3% or 49 cents to $20.13 per ounce. In Asian trading gold rose to $984.75 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $978.50, £486.14 and €635.18.Read full article... Read full article...
Thursday, March 06, 2008
Natural Gas Pushing Highs / Commodities / Natural Gas
By: Mike_Paulenoff
Although my next optimal near-term target zone in the U.S. Natural Gas Fund ETF (AMEX: UNG) is 49.50-50.00, the larger pattern is so bullish and has so much upside potential that I will not be surprised to see the price structure accelerate to the upside in a vertical assault on the 56.00 to 58.00 measured intermediate-term target zone. Frankly, I am eyeballing 50.00 as a viable exit area for my current long (model portfolio) position, but if and when we approach the nearest-term target, I will assess the two-way risks of NOT taking profits sooner rather than later. In the meantime, as we speak the UNG is pushing up against yesterday's high at 48.12, which should be hurdled and should trigger the upmove to 50.00. Read full article... Read full article...
Thursday, March 06, 2008
Gold Touches $992 New High As the US Dollar Sinks / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL gold bullion moved in a tight 0.8% range early Thursday, re-touching yesterday's new all-time high above $992 per ounce as the US Dollar sank once again.As the opening drew near in New York – where a small bomb damaged an army recruitment center in Times Square overnight – crude oil jumped to a new record above $105 per barrel.
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Thursday, March 06, 2008
Gold Recovers Earlier Losses On Clear Signs of Inflationary Pressures / Commodities / Gold & Silver
By: Mike_Clark
Gold and silver recovered strongly from the previous days sell off and gold was up $21.70 to $987.50 per ounce in trading in New York yesterday and silver was up 88 cents to $20.64 per ounce. Gold and silver reached new nominal record and 27 year highs respectively at $992.10 and $21.17. In Asian and European trading, gold has consolidated near record highs and silver has been even stronger. The London AM Gold Fix at 1030 GMT this morning was at $986.25, £494.31 and €643.43.Read full article... Read full article...
Wednesday, March 05, 2008
Bernanke's Stagflationary Gold Show Must Go On? / Commodities / Gold & Silver
By: Brady_Willett
Ben Bernanke has attacked the threat of deflation with great zeal. We knew that he would. But what we don't know is how Mr. Bernanke will respond to today's stagflationary pressures, if at all, and/or whether or not the slumping dollar will eventually ignite a monetary policy response. Yes, Mr. Bernanke has assured policy makers and investors that fighting recession is higher on the Fed's check list than directly attacking inflation. However, if USD creation is the primary cause of the inflationary problem now rupturing through out the global economy Bernanke may have little choice but to eventually switch focus. Read full article... Read full article...
Wednesday, March 05, 2008
Gold Continues on its Exciting Climb Higher! / Commodities / Gold & Silver
By: David_Vaughn
Even the threatened IMF gold sells have failed to slow gold's momentum. Winter continues beating down on us providing colder and colder days here in the south. The mountains receive the snow but the Piedmont remains clear.
Well the last of the democratic nominations are winding up. How will gold be affected regardless of who enters the White House? Who ever enters the house on the hill will have no strategy except to continue the present course which is unabated money creation which in turn leads to greater inflation.
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Wednesday, March 05, 2008
Gold: Two All-Time Records with $30 Between / Commodities / Gold & Silver
By: Adrian_Ash
"...Miss your chance to buy gold at a $30 discount last night...?"
WELL THAT CAME and went pretty quick!
Gold Prices dumped almost $30 per ounce late Tuesday, only to pick them right back up again by Wednesday's close in London , before racing above $990 per ounce as New York wound down the day by itself.
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Wednesday, March 05, 2008
New Way to Invest in the Commodities Super Cycle / Commodities / Resources Investing
By: Money_and_Markets
Sean Brodrick writes: In 2007, gold prices shot up 36.6% ... crude oil prices rocketed higher by 70.8%... and agriculture prices — corn, wheat, soybeans and more — soared to new records.
And they just continue to surge in 2008! This week, gold, oil, coal, corn and soybeans all hit new all-time highs, and many other commodities marched higher.
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Wednesday, March 05, 2008
Gold in Tight Range Head of US Economic Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD held in a tight $6 range early in London on Wednesday, trading 0.8% above last night's three-session low as Asian stock markets closed lower for the fifth day running and US bond prices rose ahead of a raft of economic data.Read full article... Read full article...
Wednesday, March 05, 2008
Gold and Precious Metals Sell off on Profit Taking / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver gave up the previous day's gains with gold down $15.50 to $964 per ounce in trading in New York yesterday and silver down 32 cents to $19.74 per ounce. No follow through was seen in Asian trading but in European trading, gold and silver have continued to correct. The London AM Gold Fix at 1030 GMT this morning was at $966.25, £488.30 and €636.15.Read full article... Read full article...
Wednesday, March 05, 2008
Uranium Stocks Rally Comes to an End as Downtrend Reasserts Itself / Commodities / Uranium
By: Merv_Burak
That nibble, nibble just turned into a big bite. It looks like the rally has come to an end with the direction of least resistance being once more to the down side. The Merv's Daily Uranium Index closed lower today by 0.084 points or 2.36%. There were 8 winners and a whopping 36 losers. I was hoping against hope we would be getting these figures but in the reverse order. 6 stocks closed unchanged on the day. As for the majors, they all closed lower. Cameco lost 0.9%, Denison lost 4.1%, First Uranium lost 1.0%, Paladin lost 0.9% and Uranium One lost 2.6%. The best performer of the few that closed on the up side was Bayswater Uranium with a gain of 5.2%. The worst performer was Uracan Resources with a loss of 15.7%.Read full article... Read full article...