Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Sunday, December 09, 2007
Gold and Silver Analysis - Consolidation in Gold and Silver / Commodities / Gold & Silver
By: Joe_Nicholson
“This update has been writing for weeks that it would be relative weakness in Europe that would cause exchange rates to tip in the other direction. With the Fed closer to the end of its accommodations than the stubborn hold outs in London and at the ECB, holders of those currencies have wisely begun to suspect the ride up, for now at least, is ending. In all likelihood, the Fed will probably look to keep the cut light and favor further open market activities including a possible change in the discount rate while Treasury and other government entities come to the aid of the ailing housing market that's the real source of the problem. In the meantime, it's possible gold and silver will continue to face headwinds and lose their panic premium as investors put money back to work in financials and other stocks.” ~ Precious Points: Fairweather Friends, November 25, 2007Read full article... Read full article...
Saturday, December 08, 2007
Gold Pushed Higher by Carry Trade and Capital Market Tsunamis / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold price has not only been reacting to the absolute levels of the oil price and the fall of the $, but to the instability, uncertainty and downright fear in the Capital markets and the banking system. Two reasons why there is such a drama has been the activities of the "Carry Trade" and the resultant Capital Tsunamis, or even the complete lack of available capital [much as the shoreline pulls right back before the Tsunami hits].Read full article... Read full article...
Saturday, December 08, 2007
Gold in Large Coil Pattern Suggests Powerful Thrust To the Upside / Commodities / Gold & Silver
By: Mike_Paulenoff
No, I have not taken gold and the streetTRACKS Gold Shares (NYSE: GLD) off my radar screen, but I have to tell you that I do not have a high-confidence directional call right here. The pattern carved out in the GLD off its 11/08 high has taken the form of a large coil that exhibits a series of lower-highs juxtaposed against higher lows. Unless or until the GLD breaks key coil support at 77.00-76.80, my work argues that the overall pattern is bullish, and will resolve itself in a powerful thrust to the upside to new high territory in the vicinity of 85.00.Read full article... Read full article...
Friday, December 07, 2007
Investing in Gold Stocks (GDX) Exchange Traded Fund (ETF) / Commodities / Gold & Silver Stocks
By: Zeal_LLC
Investing and speculating in gold stocks is a very risky business. While they tend to greatly leverage the underlying gains in gold during a secular gold bull, individual stocks face a wide variety of perils on their journey to legendary gains. As a scary recent example illustrates, sometimes these perils can be catastrophic.
In late November, long-time junior-gold market-darling NovaGold (NG) shocked investors with a stunning announcement. This company said that its flagship Galore Creek project, which it only started construction on six months earlier , was suddenly uneconomical. NovaGold was shutting it down! As the markets opened after this news, NG gapped down 27%. It ended that single trading day down 53% from the previous day's close! Talk about a catastrophe for its owners.
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Friday, December 07, 2007
Gold and Oil Rally Higher on Inflation Hedge / Commodities / Gold & Silver
By: Mike_Clark
GoldGold was up $4.10 to $801.30 per ounce in New York yesterday and silver was up 14 cents to $14.44 per ounce. Gold has drifted sideways in Asian and early European trading and is trading at $801.50/802.00 per ounce at 1200 GMT. Gold was also up in pounds sterling and euro to £394 GBP (up from £389) and €547 EUR (up from €541).
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Friday, December 07, 2007
Gold Prices Volatile Ahead of Jobs Data; Gold Miners Hit Trouble Closing Hedge Books / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES flipped around the $800 mark early Friday in London , approaching the US open almost 2% above yesterday's start as key US jobs data loomed.
"Volatility, volatility, volatility," writes Wolfgang Wrzesniok-Rossbach in the latest Precious Metals Weekly from Heraeus.
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Friday, December 07, 2007
Soaring Inflation Means the Bull Market In Gold and Commodities Has Further to Run / Commodities / Gold & Silver
By: Aden_Forecast
Huge moves have been taking place this year (see Chart 1 ). It's a big deal but, with the exception of oil, not many people are paying attention. In fact, it seems like most people don't really care, and that's good for us.
At the New Orleans Investment conference in October, for example, attendance was lower than last year. Several of the speakers also commented on a general lack of enthusiasm.
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Friday, December 07, 2007
Recovery Rally in Natural Gas / Commodities / Natural Gas
By: Mike_Paulenoff
My near-term technical work in the US Natural Gas ETF (AMEX: UNG) argues strongly that Monday's low at 34.68 followed by Tuesday's successful retest --followed by today's strength -- are indicative of a meaningful upturn for at least a recovery rally into the 38.00-38.40 zone. Only a hurdle of 39.00/20 will argue that a very significant low has been established in the UNG.Read full article... Read full article...
Thursday, December 06, 2007
Why Junior Mining Stocks are Plummeting Despite Gold and Silver Bull market / Commodities / Gold & Silver Stocks
By: Dudley_Baker
The precious metals markets are killing the prices of many of the junior mining shares. What's happening and why are questions being asked by many individual investors as well as the most experienced analysts. Times like these are somewhat a mystery but yet an opportunity.
The market sentiment is terrible for many stocks and it seems there are few bids and the stocks have plummeted without merit and without regard for the company fundamentals, and the future outlook for the price of gold and silver.
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Thursday, December 06, 2007
Russian Government and Investors Aggressively Buying Stakes in the Gold Industry / Commodities / Gold & Silver
By: Gold_Investments
Gold Gold was down $3.90 to $797.20 per ounce in New York yesterday but silver was up 3 cents to $14.30 per ounce. Gold has drifted downwards in Asian and early European trading and is trading at $786.50/787.00 per ounce at 1200 GMT. Gold also fell in pounds sterling and euro to £389 GBP (down from £394) and €541 EUR (down from €546).
The dollar strengthened to a monthly high against the euro and oil fell sharply to below $87 a barrel and this and technical selling is leading to gold's sell off. The recent lows at $775 per ounce should provide support and there could be range trading consolidation between $775 and $845 prior to a likely challenge of the record 1980 high in the coming weeks.
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Thursday, December 06, 2007
Gold Slides as Oil & Bonds Fall, Stocks Rally Ahead of Bush's 'Hope Now' Rescue for US Subprime Market / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to slide early Thursday, falling more than 1% from Wednesday's New York close to trade at $786 per ounce by the time the Bank of England made the first cut to Pound Sterling interest rates in two years at midday in London .Read full article... Read full article...
Thursday, December 06, 2007
Dow Jones-AIG Commodity Index rebalancing Generates Significant Price Movements / Commodities / Resources Investing
By: David_Urban
Every year, the Dow Jones-AIG Commodity Index (DJAIG) rebalances for the upcoming year. This is significant for investors in that the DJAIG is followed by many investors looking to obtain commodity exposure. Exposure can be obtained through various investment vehicles created to mirror the index and rebalancing of the indices can create significant price movement as they occur.Read full article... Read full article...
Wednesday, December 05, 2007
US Economy Hurting, Days of Cheap Resources Coming To an End / Commodities / Metals & Mining
By: David_Vaughn
The well known and respected Gartman Letter remains “steadfastly bullish” on gold. The seasons are bearing down on us. Thanksgiving is now over a week behind us. Christmas is just around the corner and then we have a whole new year to follow these events in repetition. Gold appears to have very strong resistance around 790, but I doubt it will remain in that range for very long. The next major resistance for gold appears to be around 815. And when 815 – 825 is crossed we will probably observe gold making new highs. Always remember its 2 steps forward then 1 step back. I can live with those statistics.Read full article... Read full article...
Wednesday, December 05, 2007
Why One Ounce of Gold (or Silver or Platinum) Can Cost More, or Less, Than Another… / Commodities / Gold & Silver
By: Mike_Clark
Have you ever noticed that two bullion coins which contain the exact same amount of the same precious metal, can sometimes sell for a different price?
For example, at the time of this writing, the spot price of gold is $787.50 per ounce. Yet, numerous dealers quote a selling price of $830.80 for the one-ounce American Gold Eagle, $826.90 for the one-ounce Canadian Gold Maple Leaf, and $819.00 for the one-ounce South African Gold Krugerrand.
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Wednesday, December 05, 2007
Gold Trades Above $800; Commodity Bull Market "Still in Early Stages" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held above $800 per ounce early Wednesday even as the US Dollar rose on the world's currency markets, while crude oil broke back above $90 per barrel after the Opec oil cartel agreed in Abu Dhabi to keep output quotas unchanged.
The resulting 2% jump in oil prices "spurred late buy-backs in gold" in Tokyo, according to Tatsuo Kageyama at Kanetsu Asset Management, helping the Gold Price on Tocom futures for delivery in Oct. '08 to gain 2% as well.
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Wednesday, December 05, 2007
Dow Jones Loses Global Purchasing Power Due to Dollar Devaluation / Commodities / Gold & Silver
By: Ned_W_Schmidt
The business media keeps telling investors to remain faithful. Paper equities, despite their continuing under performance, are they claim the place to put your wealth. A broken clock is right twice a day, and that seems to beat the record of most of gurus appearing in the business media. We are repeatedly told that the market is just shy of a high, making a high, or consolidating gains. What is important though is not the level of market or the price of an investment.Read full article... Read full article...
Tuesday, December 04, 2007
Gold Continues to Consolidate Rally From Late August / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up $5.10 to $788.20 per ounce in New York yesterday and silver was up 9 cents to $14.07 per ounce. Gold rallied after the close in the New York Access Market and subsequently was flat in Asia before rallying again in trading in London to $794 per ounce at 1200 GMT.
Gold is trading at £384 GBP (up from £379) and €539 EUR (up from €534).
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Tuesday, December 04, 2007
Gold Recovers Overnight Dip as Euro Jumps on Rising Inflation; Subprime Home-Loan Bonds Downgraded / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an overnight dip by lunchtime in London on Tuesday, trading above $795 per ounce as European stock markets stood 1% lower for the day.US bond prices held near recent highs while the Euro rose on the currency markets, gaining almost one cent from last night's two-week lows to the Dollar.
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Monday, December 03, 2007
Crude OIl and Gas Tumble as DUG UltraShort ETF Rallies / Commodities / Crude Oil
By: Mike_Paulenoff
My overall technical work in the ProShares Ultrashort Oil & Gas ETF (AMEX: DUG) treats all of the action from the 10/17 low at 37.17 to the 11/29 high at 46.56 as the first phase of an intermediate-term recovery rally. The plunge from the 11/27 high to Friday's low at 41.40 (so far) represents an intervening pullback that separates two major legs of a recovery phase.Read full article... Read full article...
Monday, December 03, 2007
Goldman Sachs Recommendation to Sell Gold Based on Self-interest? / Commodities / Market Manipulation
By: Gold_Investments
GoldGold was down $12.10 to $783.10 per ounce in New York on Friday and silver was down 25 cents to $13.98 per ounce. Gold showed strength in early trading in Asia and rallied to $792 but in early European trading it has given up these gains and has traded back down to $783.50 per ounce at 1200 GMT. Gold is trading at £379 GBP (down from £385) and €534 EUR (down from €540).
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