Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, February 08, 2008
Gold Rises Against All Currencies and Looks Set to Challenge All Time Highs / Commodities / Gold & Silver
Gold was up $5.90 to $906.40 per ounce in trading in New York yesterday and silver was up 23 cents to $16.74 per ounce. Gold continued to rally in Asia and surged in early trading in Europe and is up to $915 per ounce. Silver has also surged and is up to $17.02 per ounce.Read full article... Read full article...
Friday, February 08, 2008
Uranium Stocks Continue to Trend Lower - Have a Beer! / Commodities / Uranium
Another small loss for the uranium stocks. Last time we had four in a row the fifth day was the worst. Let's hope that history does not always repeat. The Merv's Daily Uranium Index closed down 0.019 points or 0.59%. The winners perked up a bit with 16 stocks on the up side, 30 stocks on the down side and 4 unchanged. Cameco gained 0.7% while Denison lost 5.1%, First Uranium closed unchanged, Paladin lost 3.1% and Uranium One down 3.2%. The best gainer on the day was Magnum Uranium with a gain of 8.0% while the worst loser was Uracan with a loss of 9.5%.Read full article... Read full article...
Thursday, February 07, 2008
Silver Commercials Short Covering to Result Price Spike / Commodities / Gold & Silver
One major theme that unites a lot of silver investors is the matter of the major short sellers of silver. To be more precise, the well known fact is that the class of silver traders known as the commercials has been net short silver for literally decades. The chart below demonstrates this fact quite readily. The silver price is in green and the net commercial position in black (a negative number indicates a collective short position).Read full article... Read full article...
Thursday, February 07, 2008
The Single Best Investment for 2008! / Commodities / Gold & Silver Stocks
Larry Edelson writes: In late 1865, to cover the staggering costs of the Civil War ... to bail out financial institutions on the verge of bankruptcy ... and to help stem the financial losses in towns and municipalities ... Washington issued tidal waves of government bonds, to the tune of almost $29.5 billion per day.
Money was printed with reckless abandon, and inflation shot to the moon.
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Thursday, February 07, 2008
Gold Weak Vs Strong Dollar - Bank of England Cuts Interest Rates Despite Inflation Fears / Commodities / Gold & Silver
SPOT GOLD PRICES for immediate delivery rose steadily in Asia on Thursday, gaining 2.6% from yesterday's low vs. the Dollar and hitting a one-week high of €623 per ounce for Eurozone investors as the European Central Bank met to decide interest rates.The Gold Market then dipped 0.6% when the ECB kept its rates on hold. The Bank of England in London chose to cut British interest rates by 25 basis points to 5.25%.
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Thursday, February 07, 2008
Gold Strong Despite US Dollar Strength / Commodities / Gold & Silver
Gold's recent sell off ended yesterday and gold was up $13.90 to $900.50 per ounce in trading in New York yesterday and silver was up 20 cents to $16.51 per ounce. Gold has continued to rally in Asia and early trading in Europe and is up to $908. Silver has also risen and is up to $16.68 per ounce.Read full article... Read full article...
Thursday, February 07, 2008
Crude Oil Pullback Is a Gift For Energy Investors! / Commodities / Oil Companies
Sean Brodrick writes: Oil prices are pulling back right now — below $90 a barrel. Let me tell you, I think oil is very inexpensive at that price, especially when you consider how absolutely amazing oil really is — how our entire civilization runs on it.
Along with the 86 million barrels per day that the world uses for fuel, petroleum plays a starring role in agriculture, industry, plastics, and building materials. It heats our homes, grows our food, and provides us with entertainment.
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Wednesday, February 06, 2008
Gold Rallies Back Above $900 on Favorable Macro Economic Outlook / Commodities / Gold & Silver
THE PRICE of SPOT GOLD rose in London early on Wednesday, avoiding the harsh sell-off seen on Monday and Tuesday to bounce more than 1.2% from the overnight low of $886.50 as Asian stock markets sank for the third session running.
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Wednesday, February 06, 2008
Gold Strong Demand from India, China and Middle East / Commodities / Gold & Silver
Gold's recent sell off continued and gold was down $18.30 to $886.60 per ounce in trading in New York yesterday and silver was down 42 cents to $16.31 per ounce. Gold traded sideways to slightly up in Asia and early trading in Europe and is up to $890. Silver has also fallen and is down to $16.56 per ounce.Read full article... Read full article...
Wednesday, February 06, 2008
Gold Price About to Pull Back / Commodities / Gold & Silver
The charts are not telling a particularly happy story at present.
The attached chart (decisionpoint.com ) tells me that $XAU may start to rise sharply relative to gold. More likely, because the shares have been underperforming, the gold price is likely to pull back sharply relative to shares. The shares may have been right all along.
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Tuesday, February 05, 2008
Agri-Food Stocks Boom Could Continue for Another Decade! / Commodities / Agricultural Commodities
Financial engineering has now demonstrated that the destruction of investment wealth can be accomplished for faster and more efficiently using computers. Monoline insurance companies are latest tool in the eradication of wealth. Some way must exist for investors to escape these financially destructive experiences. That escape route may be to seek out and move to trends of future. Agri-Food stocks, as shown by this week's chart, have in past year done quite nicely, and likely will in future. Of course, they will have corrections for such events are natural and healthy events for markets. Corrections provide an opportunity to acquire positions. Why have Agi-Food investments done well?Read full article... Read full article...
Tuesday, February 05, 2008
End of the Credit Cycle Conundrum for Commodities / Commodities / Money Supply
Inflationary cycles are always manifested towards the end with rises in commodity prices that become equivalent to a black hole where money gravitates. Increasing the supply of money is the very definition of inflation, with rising prices being a symptom. Interest rate cycles tend to last 20-30 years starting from a decline to a base, followed by peak. Central banks use interest rates as the brakes of an economy and is the primary tool used under fiat currencies. Central Banks could stop printing money, but that would lead to a deflationary collapse, which is not a desirable outcome…so inflation it is. After interest rates rise to cool things on a Cycle Degree, periods of declining interest rates occur which will often see a decline in prices.Read full article... Read full article...
Tuesday, February 05, 2008
Proshares UltraShort Oil and Gas Index ETF Climbs Higher / Commodities / Oil Companies
The DUG (UltraShort Oil & Gas, ETF), my hedge postion against a nasty but well overdue correction in the energy names and indices, is beginning to climb... Let's take a look..Read full article... Read full article...
Tuesday, February 05, 2008
Gold Heading for Support $850 to $860 for Good Buying Opportunity / Commodities / Gold & Silver
Gold was down $4 to $903.90 per ounce in trading in New York yesterday and silver was down 6 cents to $16.73 per ounce. Gold traded sideways in Asia but has sold off in late Asian and early trading in Europe and is down to $890. Silver has also fallen and is down to $16.56 per ounce.
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Tuesday, February 05, 2008
Gold Plunges below $900 On US Dollar Rally / Commodities / Gold & Silver
THE PRICE OF PHYSICAL GOLD for immediate delivery sank at the start of London trade for the second day running on Tuesday, losing $14 per ounce to bounce off a two-week low of $888 as the US Dollar and Japanese Yen rose sharply on the currency market and world equities continued to tick lower from Monday's 1% drop on the S&P.Read full article... Read full article...
Tuesday, February 05, 2008
Commodities, Natural Resources and Precious Metals Forecasts 2008 - Part IV / Commodities / Resources Investing
This sector holds the most promise for those who practice simple “Buy and Hold” strategies. The wind is at the back of these markets for the next decade or more as the “Crack up Boom” combines forces with the Austrian economies of the emerging world. Three billion people are emerging into broad new middle classes, on the bid and are sitting on trillions and trillions of IOU's called G7 currencies. Supply constrained, demand lead bull markets are front and center in these sectors. Combine this with the breakdown in the definition of money as a “store of value” and explosive moves are on the horizon.The emerging world has no external debt to speak of and ton's of savings in the bank. They may not be the mindless consumers of the welfare states but their domestic consumption of all commodities, raw materials and metals is growing and will continue to do so at a decent and sustainable pace.Read full article... Read full article...
Monday, February 04, 2008
Precious Metals Investors Sit Tight - The Dow / Gold Ratio Story / Commodities / Gold & Silver
Don't say you were not warned. Warned about what? The coming depression in the global economy perhaps? No – that's not what I am referring to; however, this should be a very big concern to all never the less. Could it be an impending derivatives debacle emanating in the States due to an unexpected bond market implosion brought about by investor concern? No – that's not it either; but again, this is an item everybody should be concerned about considering implications for housing, credit markets, and the economy at large in turn. And certainly these are all legitimate and significant concerns worthy of warning.Read full article... Read full article...
Monday, February 04, 2008
Gold is the Ultimate Safehaven as Mega Shift to Hard Assets Continues / Commodities / Gold & Silver
Gold Record Highs Keep Coming!Gold surged above $850 to new record highs as the new year began. This is exciting but gold could become even more exciting now that it's in uncharted territory.
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Monday, February 04, 2008
Gold Healthy Correction After January Gains / Commodities / Gold & Silver
Gold was down $15.30 (or 1.7%) to $907.90 per ounce in trading in New York on Friday and silver was down 8 cents to $16.79 per ounce. Gold traded flat to slightly up in Asia and has sold off in early trading in Europe and is down 0.77% to $902. Silver has also fallen and is down to $16.70 (-0.7%) per ounce.Read full article... Read full article...
Monday, February 04, 2008
Gold Falls Below $900 as Global Stock Market Bounce Continues / Commodities / Gold & Silver
SPOT GOLD PRICES sank at the start of London trade on Monday, adding to Friday's sharp losses and dropping $12 per ounce from an overnight rally in Asia to fall below $900 for the first time in seven sessions.As the wave of sell orders pushed physical Gold Bullion as low as $897.20 before a rebound to $903, world stock markets continued Friday's rally, pushing Europe's 300 largest blue-chips some 0.9% higher by lunchtime in Frankfurt.
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