Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, March 05, 2008
Commodities Sell Off, Though Natural Gas Bucks Trend / Commodities / Resources Investing
By: Mike_Paulenoff
Oil, gold, and the agricultural commodities are experiencing some serious
selling pressure for a change, as reflected by the charts through Tuesday.
First let's have a look at the DBA (Proshares Agricultural Commodity, ETF).
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Wednesday, March 05, 2008
Gold Bugs: Who's Crazy Now? / Commodities / Gold & Silver
By: Joe_Nicholson
March 2nd update for members - “Though it seems a stall in the rally may be ahead if the Fed continues to jawbone the issue of inflation, I am compelled to revise my charts in a decidedly bullish fashion.” ~Precious Points: The Bubble Inside the Bubble, February 23, 2008
There was a time, not all that long ago, when being a “gold bug” carried the stigma of being a bit on the fringe, when accumulating physical metal was deemed akin to building and stocking an underground bunker complete with canned beans and tinfoil hats.
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Wednesday, March 05, 2008
Natural Gas Unseasonal Price Rise. Why is it Rising? / Commodities / Natural Gas
By: Donald_W_Dony
Something is happening to natural gas that should occur at this time of the year; it is rising. This commodity normally starts to strengthen early in the 4th quarter or, to a lesser degree, advance during the summer months. But rallying in between these higher demand periods is certainly unique, and more importantly, breaking through the solid price resistance level of $9.00 is very unexpected. So, what is driving this natural source higher? Read full article... Read full article...
Tuesday, March 04, 2008
Egg Prices Hit New Highs as China and India Change Agri-Foods Dynamics / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
Easter Bunny may have serious trouble making deliveries this month. Changing fundamentals in the Agri-Food sector have pushed the price of eggs up dramatically. Easter Bunny might not be able to afford as many eggs this year. This week's graph is of cash price of a dozen eggs. While headlines may be filled with dramatic price move in wheat, eggs have been doing quite nicely. After touching about $0.63 per dozen earlier this year, that price moved to almost $1.49 six months later.Read full article... Read full article...
Tuesday, March 04, 2008
Gold Makes Near Term Peak / Commodities / Gold & Silver
By: Mike_Paulenoff
In our 10 am posting to subscribers yesterday we discussed the powerful up-gap opening in the streetTRACKS Gold Shares (NYSE: GLD) and the fact that the GLD had hurdled the resistance line of its multi-month bullish price channel. We wrote: "This is very interesting action in the GLD -- to see if the up-gap up here can be preserved…[and] to see if the GLD can hold above its upper channel line (96.67) because usually a thrust above the upper channel concludes the underlying upleg."Read full article... Read full article...
Tuesday, March 04, 2008
Gold Long-term Elliott Wave Count Analysis / Commodities / Gold & Silver
By: David_Petch
I have spent at least 15 hours trying to find symbols for gold on my data feed to no avail. I might have found one way to get it, but the cost for one single quote is not justifiable. As such, I subscribed to Stockcharts to obtain charts. They do not offer data far back enough to produce long-term charts, so what you see is what you get. Read full article... Read full article...
Tuesday, March 04, 2008
Gold Holding Pattern Below $1000 on Dollar Central Bank Support / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET recovered an overnight dip of 0.5% as the US open drew near on Tuesday, taking the price of physical Gold Bullion within $1.50 of Monday's new record high.Global stock markets meanwhile continued to drop, losing 2% in Hong Kong , as soft commodity prices dipped together with base metals.
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Tuesday, March 04, 2008
Gold Trending To Hit $1200 in 2008 / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $10.10 to $980.50 per ounce in trading in New York yesterday and silver was up another 33 cents to $20.06 per ounce (more on silver below). In Asian and early European trading, gold and silver have remained strong and near respective record and 27 year high levels at $988.25 and silver reached $20.70. Gold also strengthened in British pounds and in euros to new record highs. The London AM Fix at 1030 GMT this morning was at $981.75, £494.56 and €646.31.Read full article... Read full article...
Tuesday, March 04, 2008
US Housing Bust Creating a NEW SuperBoom / Commodities / Resources Investing
By: Money_and_Markets
Martin Weiss writes: After last week's bombardment of news reports, anyone who still thinks the U.S. economy is not sinking rapidly into recession is either trying to push a biased agenda or living on another planet.
The dire reality:
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Monday, March 03, 2008
Silver Short-term Extremely Overbought Situation / Commodities / Gold & Silver
By: Clive_Maund
Over the past week or so we have been seeing the acceleration by silver that we expected following its anticipated breakout against the Euro and the Swiss France. However, coming on top of strong gains since the low last December, this has resulted in an extremely overbought condition developing. Read full article... Read full article...
Monday, March 03, 2008
Crude Oil Topping While Dow Transports Looks Bullish / Commodities / Crude Oil
By: Mike_Paulenoff
Let's notice that from July 2007 into the third week of January, rising oil prices, as reflected by the US Oil Trust ETF (NYSE: USO), depressed prices of the DJ Transports, as reflected by the iShares DJ Transport ETF (AMEX: IYT). However, since late January, oil prices and the transports both generally have maintained an upward trajectory. Why? My sense is that the most recent upmove in oil from $70 to $82 in the USO (from $86 to $103 in nearby crude oil) reflects the final, speculative blow-off type move in oil prices -- the aftermath of a sideways congestion period, juxtaposed against a transportation index that is discounting improved economic conditions that should be forthcoming from an accommodative (soon to become a MORE accommodative) Fed.Read full article... Read full article...
Monday, March 03, 2008
Gold Price Strong in All Currencies -Chocolate Bunnies & the Easter Heatwave / Commodities / Gold & Silver
By: Adrian_Ash
"...Those who oppose reform may get revolution..." - John F. Kennedy, speaking of Latin America in 1962
THE EURO HIT fresh all-time highs versus the Dollar already this month – and we're only one trading day in.
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Monday, March 03, 2008
Investors Dive into Commodities and Resources ...as a Safe Haven? / Commodities / Resources Investing
By: Dr_William_R_Swagell
“With credit and equity out of favour, investment managers ride the commodities price boom...International investment managers have dived into the commodity market to exploit sharp price rises across the board, leaving behind the troubled credit and equity markets to focus on the China-India boom story... ‘The other thing (is the) hedge funds and the commodity trade advisors who can go long and short' said Citi's global head of commodities Alan Heap. ‘They are covering their short positions very aggressively and that is fuelling the fire as well, particularly for copper.” Scott Murdoch, The Australian Feb 23-24, 2008. Read full article... Read full article...
Monday, March 03, 2008
Gold Surges Towards $1000 As World Stock Markets Plunge / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD leapt in Asian trade Monday, starting the week in London at new record highs against all major currencies except the Swiss Franc and Japanese Yen as global stock markets fell yet again. Briefly breaking above $985 for Dollar investors as European stock markets opened the day some 1.5% lower on average, physical Gold Bullion also touched £496.60 and €647.30 per ounce for British and European buyers.
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Monday, March 03, 2008
Gold Rises in All Currencies / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $4.60 to $970.40 per ounce in trading in New York on Friday and silver was up another 9 cents to $19.73 per ounce (more on silver below). In Asian and early European trading, gold and silver rose to new respective record and 27 year high levels at $984.80 and silver reached $20.17. The monthly close at $970.40 is a new record high monthly close and bullish from a technical perspective. As is silver's monthly close at 19.73.Gold also strengthened in British pounds and in euros to new record highs. The London AM Fix at 1030 GMT this morning was at $978.25, £492.70 and €644.94.
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Monday, March 03, 2008
Commodities Pushing Through New Highs / Commodities / CRB Index
By: Donald_W_Dony
KEY POINTS:• CRB breaks to new ground above old resistance
• Agriculture remains strong, supported by immerging secular trends
• Oil back to $100 and over, as upward pressure builds
• Base metals remain flat, with recession starting in U.S.
• Gold pushing to $1,000 target by mid-year
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Monday, March 03, 2008
IMF GOLD Sales Bonanza for Investors / Commodities / Gold & Silver
By: Darryl_R_Schoon
If history repeats itself, we will soon be recipients of the biggest windfall of the new millennia. Not since the Bank of England sold 400 tons of its gold in 1999 at the very bottom of the market have gold investors been presented with such good fortune. Ladies and gentlemen, get your pens and checkbooks ready.
Representatives of the world's industrialized nations, the G7, have recommended that the IMF sell 401 tons of its gold to help meet operating expenses. If the sale of IMF gold proceeds, gold investors should be prepared to buy as much as they can—and then some for this will one of the last opportunities to buy gold at current prices.
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Sunday, March 02, 2008
Gold Heading Towards Critically Overbought Territory / Commodities / Gold & Silver
By: Clive_Maund
With silver being in a critically overbought state and looking set to react very soon, we now have to “find reasons” for gold to react on its charts, since it is hardly likely that gold will continue higher while silver is reacting. Fortunately, if we look closely enough, it is not hard to find reasons for gold to react soon along with silver. Read full article... Read full article...
Sunday, March 02, 2008
Gold Thrust to Break the Magic $1000 Number Imminent / Commodities / Gold & Silver
By: Merv_Burak
You can't argue with success. The thrust by gold to get to that magic $1000 number looks within the grasp. Who knows? Another week or two just might do it.
GOLD : LONG TERM
Last week I showed the long term P&F chart. With this past week's action another two Xs could be plotted on the chart. This week I show the Very Long Term chart, or what I refer to as a very long term. It is my weekly chart with a simple 52 week moving average line and a 52 week RSI. It provides another simple view of the long term trend and position of the gold price.
Saturday, March 01, 2008
Gold and Silver Trend Recharged by US Dollar Weakness / Commodities / Gold & Silver
By: Jim_Willie_CB
One week ago, my forecast did not come to pass for a euro currency sell off, and for a pound sterling sell off. Even the Aussie Dollar forecast of a sell off failed. In fact, in a convincing fashion, all three forecasts were shattered. What happened? Wrong read of the price pattern with indicators? Not really. Wrong assessment of high priority signals? Surely, yes. By that is meant, during a strong GOLD TREND, and WEAK USDOLLAR TREND, cyclical indicators tend to carry less importance in predictive power. Read full article... Read full article...