Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, January 23, 2008
Mining Stocks Dragged Down By Stock Market Panic / Commodities / Gold & Silver
As investors, one of our main goals is to keep various market movements in perspective. The Canadian TSX stock exchange fell over 600 points, leaving many investors with a feeling of panic. As mining equities were dragged lower in the down draft of the TSX fall, many precious metals investors questioned their decision to invest in commodities and now wonder if the bull market is over.Read full article... Read full article...
Wednesday, January 23, 2008
Gold Rallies, European Equities Miss Out on the US Interest Rate Bounce / Commodities / Gold & Silver
SPOT GOLD PRICES held steady on Wednesday morning in London , recording an AM Fix just off the overnight low of $887.80 per ounce while European stock markets continued to fall despite yesterday's emergency rate cut by the US Federal Reserve.All 30 economists surveyed by Bloomberg News now expect the Bank of England to cut its key lending rate to 5.25% when it meets on Feb. 4th. "From a European perspective," agrees Amit Kara, an economist at UBS, "the Fed cut [also] adds to the risk of more and quicker rate cuts here.
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Tuesday, January 22, 2008
Agricultural Commodities are the Future Not Bank Stocks! / Commodities / Agricultural Commodities
Ok, so you have never looked at a chart of prices for feeder steers. As the equity markets continue the traumatic process of shedding yesterday's themes in order to move on tomorrow's ideas, investors are going to look at a lot of charts new to their experience. Despite Bailout Bernanke's efforts to save the banks, the financial stocks are passing into history. Agri-Food is the future, not bank stocks.Read full article... Read full article...
Tuesday, January 22, 2008
Gold Stocks to Play Catch Up to Gold Price During 2008 / Commodities / Gold & Silver Stocks
Gold continues to perform quite beautifully.
And these are not simply short term rallies. These are real highs and very real price gains. Right now there appears to be a great disconnect between the gold price and the price of gold stocks. But I am here to remind you that this disconnect is slowly evaporating away. The following individual below is an individual worth listening to. I like the wise predictions he has put together for 2008. Let's hear a couple of these sound predictions.
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Tuesday, January 22, 2008
Gold and Silver Stocks Held Back by Bearish Stock Markets / Commodities / Gold & Silver Stocks
Juniors will move once a stock market bounce gets underway: Whilst we spend most of our time talking about Gold in US Dollars we often fail to recognize that this is truly a global business.Read full article... Read full article...
Monday, January 21, 2008
World Stock Markets Crash on Black Monday / Commodities / Gold & Silver
SPOT GOLD PRICES dropped 1.6% to hit a two-week low early in London on Monday as global equity markets collapsed on what one Hong Kong stock broker called "another horrible day.""Today it's because of disappointment that the US stimulus package [announced Friday] is too little, too late," said Francis Lun at Fulbright Securities to the Associated Press overnight.
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Monday, January 21, 2008
Gold Still Bullish Despite Early Signs of a Trend Reversal / Commodities / Gold & Silver
Someone once said “ it was the best of times, it was the worst of times ” or something like that. I guess this past week can be classified as one of those “ worst of times ”, at least for precious metal stocks. About now you're probably wondering what's happening? Let's get right to it then.
GOLD : LONG TERM
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Monday, January 21, 2008
Precious Metals Consolidation on US 50 Basis Point Interest Rate Cut / Commodities / Gold & Silver
“Now that gold has hit $900, the question becomes whether this magnetic price that played on the yellow metal for weeks, calling it ever upward, will act like $100 has for oil, or will gold break through. Two factors that tend to indicate gold getting through that resistance level in a matter of weeks if not days, are the difference in the inflation adjusted highs for gold and oil, and the bullishness of the Fed's current rate cutting disposition. It's clear not only will the Fed cut by 50 basis points in January, it will justify … by a view of inflation that overlooks short term measures.” ~ Precious Points: Gold and Inflation , January 11, 2008
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Saturday, January 19, 2008
Gold - No Imminent Blow-off Phase / Commodities / Gold & Silver
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
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.
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Friday, January 18, 2008
Gold Correction Has Further Downside Potential / Commodities / Gold & Silver
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
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
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.
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Friday, January 18, 2008
Three Reasons To Invest In Agricultural Commodities Now / Commodities / Agricultural Commodities
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
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.
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Thursday, January 17, 2008
Gold Targeting Decline Towards $850 / Commodities / Gold & Silver
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
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.
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Thursday, January 17, 2008
Indian Surge in Gold Demand due to the 'Wealth Effect' / Commodities / Gold & Silver
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
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.
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Wednesday, January 16, 2008
Gold Tumbles - What's Changed? / Commodities / Gold & Silver
"...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.
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