Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Saturday, January 19, 2008
Gold - No Imminent Blow-off Phase / Commodities / Gold & Silver
By: Professor_Emeritus
Now that the sound of cork-popping and other signs of celebrating the New Year, and the new record highs in the price of gold, are dying down, some questions arise the answering of which brooks no delay. How high is high? Is it the nominal price or the so-called ‘real' price of gold that gives us a valid reading of whence we came, where we are, and whither we go? Chrysophobes have already started their dissonant chorus reminding gold bugs that the last time gold was trading at these levels, in January, 1980, it was a sign marking the onset of a bear market taking the price down by more than 75 percent, lasting over twenty years. Goldbugs take comfort in the thought that the previous peak in the price of gold was much higher in “real terms”, so that the current price is not so high after all. However, this begs the question. The previous peak was the result of a blow-off, and further rise from here may make a new blow-off loom large on the horizon, with all the unpleasant consequences. Read full article... Read full article...
Friday, January 18, 2008
Silver Set to Outperform Gold - Real Silver Highs 2 / Commodities / Gold & Silver
By: Zeal_LLC
Gold is definitely not the only commodity enjoying a very happy new year. The strong global investment demand for precious metals has spilled over into silver as well. Just last week, silver soared above $16 for the first time since January 1981! Silver investors are naturally very excited about this dazzling 27-year high.
I am very thankful to be one of the early investors in this secular bull. Silver's bear-market bottom was carved in November 2001 just over $4. That very month I started formally recommending silver bullion as a long-term investment to our newsletter subscribers. Soon after in early 2002 I started investing and speculating in silver stocks. Over the years since, we've been blessed with many awesome realized and unrealized gains in this silver realm.
Read full article... Read full article...
Friday, January 18, 2008
Gold Correction Has Further Downside Potential / Commodities / Gold & Silver
By: Mike_Paulenoff
Once again the streetTRACKS Gold Shares (NYSE: GLD) has attempted an early session rally, but appears to have failed below key near-term resistance at 88.00 -- and has since reversed below 87.00 and now finds itself in an ominous near-term position. As for as my pattern and momentum work is concerned, the GLD still has unfinished business to the downside prior to the completion of the correction that started at the 1/15 high of 90.34. The optimal target zone for the current down-leg is below 85.50.Read full article... Read full article...
Friday, January 18, 2008
Uranium Stocks Bearish Chart Signals / Commodities / Uranium
By: Merv_Burak
Boy, there are going to be some good bargains after all this is over, but it's not all over yet. Another bad day at the markets. The Merv's Daily Uranium Index closed lower by 0.158 points or 4.17%. It just feels like things are getting worse every day. There were only 3 stocks that closed higher today while 44 (out of 50) closed lower. There were 3 unchanged. As for the biggies, they all have seen better days. Cameco lost 4.2%, Denison lost 4.0%, Paladin lost 6.2%, UEX lost 4.7% and Uranium One lost 4.0%. The best performer of those three winners was Western Uranium with a 9.4% gain (not bad for a crummy day) while the worst performer was Alberta Star with a loss of 14.7%.Read full article... Read full article...
Friday, January 18, 2008
Gold Weak on US Stimulus Package / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES bounced but held inside the week's downtrend early in London on Friday, recording an AM Fix of $872.50 per ounce – the lowest fix in nine sessions."Overnight gold traded as low as $870," says today's Gold Market note from Mitsui, "as investors begin to liquidate positions.
Read full article... Read full article...
Friday, January 18, 2008
Three Reasons To Invest In Agricultural Commodities Now / Commodities / Agricultural Commodities
By: Mary_Rivas
Agricultural commodities surged in 2007. The S&P GSCI agricultural commodities index rose 31% in 2007, its best performance since 1981. Wheat and rice prices, for example, hit record highs as a result of low inventories. Soybean prices soared to a 34-year high while corn prices jumped to an 11-year high.Read full article... Read full article...
Friday, January 18, 2008
Indians Selling Gold To Buy Stocks / Commodities / Gold & Silver
By: Alex_Wallenwein
Mineweb.com reported today (January 16, 2008) that Indians are selling gold to buy their country's stocks, allegedly because gold is "so expensive" and, in their view, therefore has little upside. On the other hand, they think that Indian penny stocks allow them to make quick 100 percent profits in the span of only one or two months.
Indian investors are about to learn a lesson in bubble psychology.
Read full article... Read full article...
Thursday, January 17, 2008
Gold Targeting Decline Towards $850 / Commodities / Gold & Silver
By: Mike_Paulenoff
The streetTRACKS Gold ETF (AMEX: GLD) looked like it was going to rocket this morning in a flight to quality type of trade. However, a closer look at the near term chart structure argues just the opposite-- that the GLD is very tired, and is in the midst of an initial correction of its near-vertical advance off of the Dec. breakout point just above 78.00. See our chart at MPTrader.com "Markets" section.Read full article... Read full article...
Thursday, January 17, 2008
Platinum – The Most Precious and Overlooked Precious Metal / Commodities / Platinum
By: Mark_OByrne
Why Platinum Remains a Strong Buy
Introduction - Gold and Silver Investments Limited continue to be bullish on precious metals and bullish on platinum. Platinum has recently hit new record highs at $1590 per ounce along with gold. Even though platinum has surpassed its 1980 high of $1,070 per ounce in nominal terms, it is still only some half the price of its inflation-adjusted high of $2,800 per ounce. We believe this high will be reached in the next 5 to 8 years in this new supply/ demand driven secular bull market in platinum.
Read full article... Read full article...
Thursday, January 17, 2008
Indian Surge in Gold Demand due to the 'Wealth Effect' / Commodities / Gold & Silver
By: Gold_Investments
Gold continued to sell off yesterday and was down $19.70 to $880.90 per ounce at the close in New York yesterday and silver was down 42 cents to $15.78 per ounce. Normally sell offs are quite sharp and last some 2 to 4 days and therefore some follow through selling may be witnessed. However, the strong fundamentals should result in gold being well supported at previous resistance at $850.Read full article... Read full article...
Thursday, January 17, 2008
Gold Rallies on Record ETF Positions / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES for physical bullion ticked higher from their new one-week lows in early European trade on Thursday, moving 0.9% higher to $884 by midday in London .Government bonds were sold lower as world stock markets bounced for the first time in three days. But 10-year German bund yields remained near 4.0% – the seven-week low hit after European Central Bank member Yves Mersch pointed to "downside risks" to the region's economic growth late on Wednesday.
Read full article... Read full article...
Wednesday, January 16, 2008
Gold Tumbles - What's Changed? / Commodities / Gold & Silver
By: Adrian_Ash
"...The long-term trend for Gold Prices won't turn sharply lower until the price of money itself turns sharply higher..."
SO GOLD TOOK A TUMBLE already this week, losing more than $30 an ounce between Tuesday and Wednesday before bouncing...falling...and then bouncing and sliding once more into the London close.
Read full article... Read full article...
Wednesday, January 16, 2008
Crude Oil $200 - Smart Investors Stand to Make a Fortune! / Commodities / Crude Oil
By: Money_and_Markets
Sean Brodrick writes: They say the highway to hell is paved with good intentions. I think the same can be said for the road to $200-a-barrel oil. And the car on that road will be the Nano, the new ultra-cheap vehicle from India's Tata Motors.
See, the Nano will be sold for less than $2,500, which suddenly puts car ownership within reach for a huge slice of India's population.
Read full article... Read full article...
Wednesday, January 16, 2008
Silver Elliott Wave Puzzle Could Wipe Out Entire Bull Market Gain / Commodities / Gold & Silver
By: Roland_Watson
Well, it is not a puzzle really but in the search for a silver exit strategy we occasionally come across rocks in the road which make us wonder "Will this or that happen?"
I always say that fundamental and technical analysis are complementary and not opposing tools in the search for silver and gold profits. The fundamentals point you in the general long term direction but technical analysis helps negotiate the bends and dips on the road.
Read full article... Read full article...
Wednesday, January 16, 2008
Gold and Commodities Sell off on Reversal of Recent Trends / Commodities / Gold & Silver
By: Gold_Investments
Gold's expected correction materialised yesterday and gold was down $1.30 to $900.60 per ounce in trading in New York yesterday and silver was down 9 cents to $16.20 per ounce. Gold continued to sell off in Asian and European trading. The London AM Fix was at $881 (down from $904.75 the previous day). Gold also sold off in other major currencies. At the London AM Fix gold was trading at £450.20 (down from £460.76 yesterday) and €595.47 (down from €609.05 yesterday).Read full article... Read full article...
Wednesday, January 16, 2008
Gold Bounces as Equities Bull Market Sinks on Unwinding of the Carry Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to plunge early in London on Wednesday, dropping 3.8% from Tuesday's high to bounce off $880 per ounce and recover $886 as the US open drew near.
"The latest data shows that net Comex gold [futures] positions and holdings in the physically-backed ETFs have reached to record levels," according to Suki Cooper at Barclays Capital.
Read full article... Read full article...
Wednesday, January 16, 2008
Commodities Secular Bull Continues Into 2008 - Many More Years to Run! / Commodities / CRB Index
By: Donald_W_Dony
The rebirth of the secular bull market of commodities beginning in 2000 can be mainly contributed, first to the cresting and eventual decline of the U.S. dollar and second, the mounting economic expansion of China and India. Combined, these two forces have propelled raw material prices into a long-term uptrend.
The current extended rise in natural resources is best measured against a broad equity market. In Chart 1, the Commodity Research Bureau Index (CRB) and the S&P 500 are compared for performance over the past 12 years. During most of the 1980s and all of the 1990s, paper-based equities (S&P 500) greatly outperformed raw materials (CRB).
Read full article... Read full article...
Wednesday, January 16, 2008
Gold Approaching Mania Stage / Commodities / Gold & Silver
By: David_Vaughn
Gold appears to be holding up well. Over 900 an ounce now but most investors are still asleep. What is a “mania?”
“ An abnormally elevated mood state characterized by such symptoms as inappropriate elation, increased irritability, severe insomnia, grandiose notions, increased speed and/or volume of speech, disconnected and racing thoughts, increased sexual desire…” “…inappropriate social behavior.” “Mania is the Greek word for madness.” MedicineNet.com
Read full article... Read full article...
Tuesday, January 15, 2008
Gold Euphoria Points to an Imminent Correction / Commodities / Gold & Silver
By: Ned_W_Schmidt
Gold's explosive start of year move has been enjoyed by all. Has it been over enjoyed? Fundamentals of the U.S. dollar did not suddenly get worse on the first day of the year.
Current euphoria in the Gold market may have been over done. One way of assessing that possibility is to compare the Gold price of the dollar to what is happening to the value of the dollar in other national monies. In the chart below, the red line is the Gold price of the U.S. dollar. It is how much Gold is required to purchase a single dollar, and is measured in ounces. The calculation is 1 divided by the dollar price of Gold. When that red line is falling, the dollar price of Gold is rising. When rising, dollar price of Gold is falling.
Read full article... Read full article...
Tuesday, January 15, 2008
Investing in Latin American Rich Resources / Commodities / Resources Investing
By: Money_and_Markets
Martin Weiss. and Rudy Martin write: I've been going back and forth to South America almost every year since I was six years old.
My first trip was in 1952 on Moore-McCormack's SS Brasil and took us about eight days. My last trip was two weeks ago on Brazil's TAM Airlines and took us about eight hours.
Read full article... Read full article...