Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, November 21, 2007
Commodities Supercycle Metals and Mining's Merger Mania! / Commodities / Metals & Mining
By: Money_and_Markets
Sean Brodrick writes:Australian mining giant BHP Billiton's stunning $149 billion bid for rival Rio Tinto — a combination that would control more than one-third of the world's iron sales — shows what we'll likely see in natural resources for at least the next 12 to 18 months — merger and acquisition activity escalating into a frenzy.
Already, a five-year rally in metals prices has spurred more than 1,448 takeover offers in the mining industry (with a value of about $185.7 billion) in just the past 12 months!
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Wednesday, November 21, 2007
Gold Dumps $12 Per Ounce After 4.5% Surge as Dollar Hits Crisis; Change in Oil's Currency Regime Now "Inevitable" / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET dumped more than $12 an ounce in London on Wednesday morning after peaking at $807.45 late in the Asian session – nearly 4.5% above Tuesday's low.
This wild volatility hit Gold Prices as world stock markets plunged, the US Dollar sank to new all-time lows, and crude oil came within 71¢ of $100 per barrel.
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Wednesday, November 21, 2007
Agricultural Commodities Sector Remains Attractive: 'A Sense of Panic' / Commodities / Agricultural Commodities
By: Joseph_Dancy
We continue to add to positions that should benefit from a strong global agricultural sector. Like the mining and energy sector, long term capital investments in this sector have lagged, especially in light of growing global demand for grains.
Recent events have occurred in the sector which are of interest to investors:
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Wednesday, November 21, 2007
Uranium Stocks Maintain Bearish Intermediate Term Trend / Commodities / Uranium
By: Merv_Burak
I guess we should give thanks for small mercies. That's one up day in a row, maybe we can go for two. The Merv's Daily Uranium Index closed higher by 0.051 points or 1.18%. In uranium terms that's not so hot. Of the 50 component stocks we had 20 that closed higher, 24 that closed lower and 6 that were unchanged. Of the five largest stocks by market value, Cameco gained 2.2%, Denison gained 0.1%, Paladin lost 0.3%, UEX gained 1.8% and Uranium One gained 1.0%. Quaterra was the best daily performer with a gain of 19.7% while Titan Uranium was the worst with a loss of 9.3%.Read full article... Read full article...
Wednesday, November 21, 2007
Gold in Second Gear - US Fed Out of Gas! / Commodities / Gold & Silver
By: Alex_Wallenwein
As observed in August , gold has broken out of its first gear and ratcheted into second gear back in early 2006, not long before its top for that year. Although it broke down in May of '06, it has steadfastly remained atop its then-established bottom trendline, which was the upper limit of the bull market's "first gear" stage.
When the August "Gold Uptrend" article was published, this second gear was merely a possibility, based on the latter observation (i.e., that it never dipped significantly below its former uptrend ceiling. The recent top near $850/oz last Friday has now confirmed that formerly theoretical second gear stage as a valid second trend channel piggybacking right on top of the first gear stage.
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Wednesday, November 21, 2007
GOLD THOUGHTS - Gold is in a Structural Bull Market - Buy On Corrections / Commodities / Gold & Silver
By: Ned_W_Schmidt
So, OPEC finally figured out what the western world has been doing to them. Oil producers have been swapping oil for green pieces of paper. Suddenly, they discovered the intrinsic value of those green pieces of paper, the market value of the paper and ink. Only governments can take paper, cover it with ink, and make it worthless.Read full article... Read full article...
Tuesday, November 20, 2007
Gold Price Experiencing Extreme Volatility / Commodities / Gold & Silver
By: David_Vaughn
Gold is showing extreme volatility now and consolidating after its tremendous gains of the past month.
I have told not to be too bullish and I feel I am about as balanced as I can be. Of course short term I never attempt to speculate. But long term I see a great deal of volatility. And short term I see a great deal of volatility. Already we are observing price movements of 25 dollars and more in a single 24 hour period.
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Tuesday, November 20, 2007
Gold Continues to Tumble Despite US Dollar Weakness / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $8.90 to $776.50 per ounce in New York yesterday and silver was down 31 cents to $14.12 per ounce. Gold has since moved upwards in Asia and European trading and is at $790.10 per ounce at 1130 GMT. It has thus recovered much of the ground lost yesterday. Gold is trading at £382 GBP (from £387 on Friday) and €534 EUR (down from €541 on Friday).
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Tuesday, November 20, 2007
Gold Rallies Hard as Euro Hits New Record High Ahead of Fed Minutes; Oil Drifts Lower, Global Stock Markets Bounce / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES leapt 2.2% from a new four-week low in Asian and early London trade on Tuesday, breaking above last week's close to hit $789.65 by the Morning Fix.
"Gold broke down through the [three-month] uptrend line at $785 yesterday and fell to a low of $773 overnight," notes today's Gold Market report from Mitsui Precious Metals in London .
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Monday, November 19, 2007
Gold Comes Under Selling Pressure / Commodities / Gold & Silver
By: Mike_Paulenoff
Gold prices and the GLD are under pressure again today. Let's notice that the GLD has violated Thursday's reaction low at 77.30, which triggered new selling pressure that points next to 76.00 -- on the way to my optimal target zone of 74.00. At this juncture, only a rally that hurdles and sustains above 79.00 will neutralize my still-bearish outlook.Read full article... Read full article...
Monday, November 19, 2007
Silver Bull Market Blow Off Forecast for 2008 / Commodities / Gold & Silver
By: Roland_Watson
Bulls climb a wall of worry and bears slide down the slope of hope. So go two well-known investment proverbs. The first one could apply to gold and silver investors.
As silver and gold break out into new highs, we begin to hear the calls for an end of the precious metals bull market. This may come in articles, which state that the US Dollar plunge is now over or perhaps high prices have finally unleashed new supply onto the markets. I even read one article that stated that though gold had advanced over one hundred dollars above its last major high of $730 back in May 2006, it was STILL in a correction phase. Come on guys, a bit of common sense would not go amiss here, in my book gold breaking $100 above old highs is not a correction, it's a bull market!
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Monday, November 19, 2007
Gold Gives Back Early Gains as Dollar & Yen Rally; Oil Rises Again After US Treasury-Bond Yields Turn Negative / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back most of an early $6 rally on Monday morning, trading below $788 per ounce by midday in London after losing 5.7% last week – the biggest one-week decline since March.Read full article... Read full article...
Monday, November 19, 2007
Long-term Energy Bull Prepared to Ride out Short-term Weakness / Commodities / Energy Resources
By: Roger_Conrad
OK, I'll admit it. I've been basically long-term bullish on energy since I came into this business in the mid-1980s. Long term, of course, I've been spot on. My first ever article recommending actual stocks was entitled “There's Still Money to Be Made in Oil,” and it featured the very un-utility like FREEPORT-MCMORAN, a diversified energy and minerals producer then trading under the symbol FTX. That company's myriad spinoffs and mergers have multiplied the value of a January 1987 investment many times.
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Sunday, November 18, 2007
COAL The Next Energy Resource Boom / Commodities / Coal
By: Elliot_H_Gue
The US is often called the Saudi Arabia of coal. And there's a good reason for that: The nation has more than 27 percent of the world's known coal reserves and some of the highest-quality deposits in the world. That's 90 billion metric tons more than Russia, the nation with the second-largest reserves.
With a resource so vast, it may come as a surprise that the US isn't a major player in the global coal trade. After all, the nation ranks only seventh in terms of coal exports, exporting less than 20 percent as much as Australia, the world's largest coal exporter. In fact, US coal exports have been declining steadily since the late 1980s. (See the chart “US Coal Exports.”)
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Sunday, November 18, 2007
Gold Short-term Uncertainty, Long-term Bullish - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
A double whammy and some minor moves and gold is down 5.6% on the week. Is this just the start or near the end -- who knows?
GOLD : LONG TERM
One week does nothing from the long term term perspective. The indicators change very slowly so one week is but a blip. The P&F chart has reversed direction but is a long way from any change in trend. The momentum and volume indicators are well in the positive zones and the moving average is still pointing upwards. All is still well and the long term rating remains BULLISH .
Sunday, November 18, 2007
Gold and Silver Analysis - Is the Fed All Talk? / Commodities / Gold & Silver
By: Joe_Nicholson
“The power of the Fed to literally change the game… cannot be ignored. Anti-gold forces now stand as ready as ever to force a consolidation in precious metals. There's also a rising probability that the dollar will at last see at least a relief rally, which could have metals trading weaker … so, the game plan continues to be resisting the temptation to short without confirmation and using the 5-week sma in gold and the 5-day sma in silver to signal a major reversal. Curiously, a 38.2% Fibonacci retrace of the move off the summer '06 lows in gold would bring us back to the May '06 highs.” ~ Precious Points: Judgments Affirmed! November 11, 2007Read full article... Read full article...
Saturday, November 17, 2007
What is the Real Price of Gold and Whose Buying? / Commodities / Gold & Silver
By: Julian_DW_Phillips
It's become a knee-jerk reaction to look at the gold price in the U.S. $ and to comment on its moves in that currency. And there is good reason to do so, for the U.S.$ is the global reserve currency at present even if it is beginning to look of dubious value. Why don't we measure it in a strong currency such as the Euro? Although that is an ‘up and coming' reserve currency, it has not taken a sufficient hold of the world's monetary system to be accepted as the U.S. $'s equal.Read full article... Read full article...
Friday, November 16, 2007
Invest in Gold ETF To Gain Gold Price Exposure / Commodities / Gold & Silver
By: Zeal_LLC
Three years ago on November 18th a landmark event polarized the gold world. The first gold exchange-traded fund to trade in the United States , the StreetTracks Gold Shares, was launched. Although born in controversy, even GLD's original detractors cannot argue with this ETF's stunning success since.
Nearing its third birthday, GLD just reported massive holdings of 19.3m ounces of gold held in trust for its investors. When your gold holdings get this large though, you don't even measure them in ounces anymore. Instead you switch to metric tonnes. This week, GLD reported nearly 600 tonnes of physical gold bullion under management for American investors. This is a staggering amount of gold.
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Friday, November 16, 2007
Gold Short-term Tedhnical Damage / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $26.70 to $785.70 per ounce in New York yesterday and silver was down 57 cents to $14.42 per ounce. Gold has since traded sideways in Asia and European trading and is at $790.10 per ounce at 1200 GMT. Tentative dollar strength and oil weakness may have contributed to the sell off. Gold was also down in GBP and EUR but not by as much. It is trading at £387 GBP (from £392.80) and €541 EUR (down from €549.80).
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Friday, November 16, 2007
Gold Holds in $5 Range as Yen Rises Again; Link with Oil Prices Weakening; Gold Mining Output Falling "Much Faster" than Expected / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held steady in a $5 range early Friday, rising above $790 per ounce by the Morning Fix in London but standing more than 5% below their level of this time last week.
"After yesterday's sell-off, the Gold Market will be watching closely for the next move," said Standard Bank's gold note from Johannesburg earlier.
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