Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
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...
Friday, February 29, 2008
Precious Metals PGM Secular Bull Market / Commodities / Platinum
By: Zeal_LLC
The precious metals are in the midst of fantastic secular bull markets. And one of the most precious of metals, platinum, has been getting a lot of attention in recent weeks. With geopolitical strife accentuating platinum's current supply shortfalls, speculators have grabbed hold of this metal and launched its price into a parabolic ascent.
While gold still remains king of all metals for a variety of fundamental reasons, platinum is more precious simply because of its price. Its rarity in the earth's crust combined with the challenges of economically extracting it keeps its value typically about twice that of gold.
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Friday, February 29, 2008
The Anti-Gold Standard Gospel According to Barron Smith / Commodities / Global Financial System
By: Professor_Emeritus
Barron Young Smith is a financial journalist whose piece What Would Happen If We Adopted the Gold Standard? is appended below. He describes Ron Paul's campaign to restore Constitutional money in the U.S. as being "populist". He adds insult to injury in saying that "Ron Paul... is on a crusade to resurrect a great symbol of Wall Street-Washington dominance over the individual". Read full article... Read full article...
Friday, February 29, 2008
Central Banks Gold Sales Reduced by 400 Tonnes? / Commodities / Gold & Silver
By: Julian_DW_Phillips
When it was learned that the Treasury was to support the sale of 400 tonnes of gold all were surprised. We realized that Congress would still have to be asked to approve the sale. When the mist cleared and we saw in sharp focus what lay ahead we realized that much more needed to be done before the sales became a reality. These are the steps still to be overcome for these sales to take place: Read full article... Read full article...
Friday, February 29, 2008
Gold New Record High As Dollar Collapses / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped back from an overnight record high above $975 per ounce in London on Friday, setting a new all-time high at the AM Fix as the global bid for physical assets contrasted with another down day for listed stocks. The Gold Price in Pounds Sterling also set a new record Fix at £488.87 per ounce, while the Euro gold price was capped at its fourth highest level.
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Friday, February 29, 2008
Gold Strong on Bernanke's Warning of Bank Failures / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $7.10 to $965.80 per ounce in trading in New York yesterday and silver surged another 44 cents to $19.64 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 but have fallen from record highs of $975.75 and $19.92.Gold strengthened in British pounds and in euros to new record highs. The London AM Fix at 1030 GMT this morning was at $969.00, £488.88 and €637.58.
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Friday, February 29, 2008
What Do Precious Metal Investors to Do Now? / Commodities / Gold & Silver
By: Investmentscore.com
Consider the following hypothetical scenario and typical investor conundrum: The price of precious metals is grinding higher, catching the attention of new investors to the sector. The price of silver and gold are well above their 50 and 200 day moving averages and many of these new investors seek opinions on how to proceed. Notice that most commentators are bullish, and price movements do not appear to have reached extreme levels in comparison to past price movements. But now what do you do? If an investor buys in now they risk a drop in the currently advancing price but if they wait they risk missing out on the next let up. Read full article... Read full article...
Thursday, February 28, 2008
Uranium Stocks Frustrating Trend / Commodities / Uranium
By: Merv_Burak
1% here and 1% there but still we're not getting anywhere. It's a little frustrating waiting for some significant action but all we get is nibble, nibble. The Merv's Daily Uranium Index was up another 0.037 points or 1.05%. Looking at the chart that still hasn't gotten us where I would like to see the Index, that is, decisively through those resistance levels and on into new rally highs. But no, it's nibble, nibble. There were 25 winners on the day and 24 losers with one unchanged. You can't get much closer to a neutral day than that. Still no run-away winners (or losers).Read full article... Read full article...
Thursday, February 28, 2008
Gold Accelerating Towards Blow off Top / Commodities / Gold & Silver
By: Mike_Paulenoff
The streetTRACKS Gold Shares (NYSE: GLD) ETF has accelerated into my preferred target zone at 95.00-96.50 for the conclusion of the current upleg that started earlier this week after testing the 92.00 area twice. Right now, the pattern and momentum work point higher -- towards the top of the Jan-Feb channel near 96.50, and if this advance follows the usual rules that govern price behavior in channel analysis, then the GLD likely will pop through the upper channel line (above 96.50) in a blow-off type of completion of the current upleg. At this juncture, only a decline that breaks below 94.50 will begin to neutralize additional upside expectations. Read full article... Read full article...
Thursday, February 28, 2008
Gold: "Buy the Dips" Advised as Dollar Slides on Terrible US Economic Data / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF physical gold bullion spiked to $962.50 per ounce just ahead of the US open on Thursday, standing 1.5% higher for the week so far as European stock markets dropped another 1%.
Crude oil rose above $102 per barrel, while Wall Street futures slumped on the weakest GDP data since 2001. Initial US jobless claims for the week-ending last Friday came in 6.5% ahead of forecast.
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