Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, November 12, 2007
Gold Falls Sharply in Europe / Commodities / Gold & Silver
GoldGold was down $3.10 to $832.10 per ounce in New York on Friday and silver was up 1 cent to $15.48 per ounce. Gold was up some 3% last week and silver surged by over 6%.
In Asian and European trading both have sold off and gold is down to $815 per ounce at 1230 GMT. Profit taking, a fall in oil prices and tentative dollar strength are likely the primary reasons behind this much anticipated correction. Gold will likely find good support at the psychological level of $800 per ounce.
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Monday, November 12, 2007
Gold Drops 2.2% as Yen Surges, Asian Stocks Slump, Oil Dips & London Banks Bounce / Commodities / Gold & Silver
SPOT GOLD PRICES fell sharply in early trade on Monday, retreating more than $19 per ounce from Friday's all-time record closing high as global equities continued to drop and the Japanese Yen spiked violently on the currency market.Read full article... Read full article...
Sunday, November 11, 2007
Weekly Gold and Silver Technical Analysis Report - Gold Technically Strong / Commodities / Gold & Silver
Gold just keeps on trucking but Wednesday may have been a critical day. Read on to find out why.
SIMPLICITY
If you can't make it simple then it ain't worth making. So said a wise old man -- but I know not who. Anyway I try to follow that motto as best as I can in these commentaries. That is also a major reason I am a technician. Technical analysis can be very simple (but too many try to make it difficult). On the other hand, fundamental analysis is just difficult -- just difficult. My hat off to those who can master it and are able to profit from it.
Sunday, November 11, 2007
Gold and Silver Analysis - Judgments Affirmed! / Commodities / Gold & Silver
Rising metals prices … tend to erode the credibility of fractional reserve lending and fiat currency. In all likelihood the FOMC would lower rates again if further calamity befell financial markets or the larger economy, but in the near term at least ... a battle being waged between anti-inflationary forces with the Fed in one camp, and broker/banker forces allied with major media attempting to force another cut on the other could talk down commodities. Currency arbitrage that lifts the dollar off its lows for a time might give the precious metals rally a breather. Targets in gold now range up to $845, and $15.80 in silver. In the interest of sustainable gains, perhaps a little retesting might be in order, at least the $800 level, to check for a possible floor there.Read full article... Read full article...
Sunday, November 11, 2007
How NOT To Lose Money Investing in Silver / Commodities / Gold & Silver
Silver has broken out of its correction phase, a new bull leg in silver has resumed and I am addressing the subject of losing money in silver. Have I gone mad or what? No and for two simple reasons which are displayed in graphical form below. The first is the silver spike of 2004 and the other is the silver spike of 2006.Read full article... Read full article...
Friday, November 09, 2007
Central Bank Gold Sales Agreement / Commodities / Gold & Silver
In the week ending 26 th October 2007, the decrease of €126 million in gold and gold receivables reflected sales of gold by two Eurosystem central banks (consistent with the Central Bank Gold Agreement of 27th September 2004) of 7.25 tonnes approximately.
What looks to be persistently high gold sales by the signatories of the Central Bank gold Agreement in the first month of the fourth year of the five year agreement, we contemplate what lies ahead for the agreement and the sales from there. It would seem that the Swiss are the larger of the two sellers, with either the French or the European Central bank as the other seller.
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Friday, November 09, 2007
Crude Oil and Gas Energy Complex Peaking? / Commodities / Crude Oil
The big picture of the ProShares UltraShort Oil & Gas ETF (AMEX: DUG) continues to act and look like the establishment of a significant base-like formation that is on the verge of propelling the price structure considerably higher. Initial resistance resides at 41.50/60, followed by the prior rally peak at 42.08 (11/05), which if (when) hurdled should trigger upside acceleration towards 49.00-50.00 for a confrontation with the Mar-Nov down trendline. If my work proves correct, then it implies that the energy complex is peaking and that a significant downside correction is imminent.Read full article... Read full article...
Friday, November 09, 2007
Trading the Gold Stocks Bull Market / Commodities / Gold & Silver Stocks
Gold, which was a scoffed-at pariah not too many years ago, suddenly finds itself on the verge of being almost sexy again. With this metal now challenging its all-time nominal high from January 1980, I am hearing from more ordinary non-market-following folks who are newly interested in gold investing.Read full article... Read full article...
Friday, November 09, 2007
Gold Remains Strong as Subprime Crisis Turns Into Full Blown Credit Crisis / Commodities / Gold & Silver
GoldGold was up $4.20 to $835.20 per ounce in New York yesterday and silver was up 18 cents to $15.47 per ounce. Gold has since treaded water and has traded sideways in Asian and European trading and is trading at $832.60 at 1130 GMT. Gold is down marginally in GBP and EUR with the euro and British pound strengthening somewhat. It is trading at £394.60 GBP (down from £395.20 ) and €566.50 EUR (down from €568).
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Friday, November 09, 2007
Gold Nears 11th Weekly Gain in Twelve as Art Market Slumps; Equities Slip Once Again / Commodities / Gold & Silver
SPOT GOLD PRICES edged lower in London on Friday morning, nearing their 11th weekly gain in twelve but dipping to bounce off $828 per ounce as Asian and European stock markets slipped once again.Read full article... Read full article...
Thursday, November 08, 2007
Will Gold Hold On To Its Gains? / Commodities / Gold & Silver
With gold ratcheting up to new highs in the $800's, we may easily see $850 and even $900 very soon. Oil is going out of sight, but there are some good fundamental reasons – like Yemeni pipelines blowing up, North Sea shutdowns, the ever present new manifestation of Mid East turmoil – and a Pakistani political crisis as they impose state of emergency measures. Of course with all this profit in the gold complex right now, some profit taking and consolidation is quite possible before $900.Read full article... Read full article...
Thursday, November 08, 2007
Gold Targets $1000 on Unprecedented Demand / Commodities / Gold & Silver
GoldGold surged a further $10.00 to $830.70 in New York yesterday. Silver surged to over $16 which is its highest level since 1981 and a 26 year high prior to falling but it remained up 5 cents on the day at $15.29. Gold has traded sideways in Asian and European trading and is trading at $832.50 at 1300 GMT.
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Thursday, November 08, 2007
Gold Holds in 1% Range Ahead of Bernanke Speech; Inflation Threatens to Create "Penniless Billionaires" / Commodities / Gold & Silver
SPOT GOLD PRICES moved sideways in a broad 1% range early Thursday, dipping to $828 per ounce just ahead of the London opening before regaining $832 by lunchtime.Read full article... Read full article...
Wednesday, November 07, 2007
Gold in the Perfect Storm – Got Leverage? / Commodities / Gold & Silver
Investors in gold and silver have been richly rewarded the last few weeks as they have exploded to the upside. As we write this on Wednesday morning, gold is sitting on 839 (up 19) in the spot market and silver at 15.64 (up .40).Read full article... Read full article...
Wednesday, November 07, 2007
Gold Surges Towards All Time High As Safe haven Against Crashing Dollar / Commodities / Gold & Silver
GoldGold surged a further $13.60 to $820.70 in New York yesterday. Silver surged 57 cents to $15.24 in New York and has since surged over $16 which is its highest level since 1981 and a 26 year high (more on silver below). Gold continued to surge in Asian and European trading and is trading at $845 at 1100 GMT which is a new 27 year high.
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Wednesday, November 07, 2007
Gold Surges on China 's Dollar Comments as Stock Markets Slide; Private Investors Offered New Access to Gold Investment in Asia / Commodities / Gold & Silver
SPOT GOLD PRICES continued to surge past fresh 27-year highs early Wednesday, adding another $23 to Tuesday's $18 gain before slipping back to bounce off $838 per ounce by mid-morning in London.Read full article... Read full article...
Wednesday, November 07, 2007
Uranium Stocks Continue Rally / Commodities / Uranium
A slight rise today to compensate for the small drop yesterday. The Merv's Daily Uranium Index closed higher by 0.036 points or 0.71%. There were 22 winners, 25 losers and 3 unchanged. Of the five largest stocks by market value, Cameco gained 2.5%, Denison lost 1.4%, Paladin gained 3.5%, UEX gained 0.8% and Uranium One lost 1.2%. The best performer on the day was Anglo-Canadian Uranium with a 25.5% gain while the worst loser was Forsys Metals with a loss of 7.0%.Read full article... Read full article...
Wednesday, November 07, 2007
Inflation News...and Gold Looking Overbought in the Short-term / Commodities / Gold & Silver
Google News is my friend. With a click of a mouse button I am often able to get a quick snapshot of what is going around the world. If I want to find out something about a certain issue, I simply type in a word or two, and read dozens of stories from across the world. Whenever I do this, I don't try to look for certain angles or viewpoints, but I simply want to see what is “factually” going on globally. Interestingly, this strategy often gives me a much better glimpse of economic reality, than if I would listen to financial pundits or even commentary from Bernanke.Read full article... Read full article...
Tuesday, November 06, 2007
GOLD THOUGHTS - Are Funds and Traders Pushing Gold to an Unsustainable Level in the Short-term? / Commodities / Gold & Silver
Dear Chairman Bernanke,
I, and all the rest of the Gold Bugs, would like to thank you for your continuing effort to bail out the banks. Your easing of U.S. interest rates has greatly benefited the value of our Gold holdings. At the same time, the purchasing power of paper dollars held by gullible consumers around the world is being decimated.
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Tuesday, November 06, 2007
Gold the Ultimate Store of Value Rallies Strongly Against ALL Major Currencies / Commodities / Gold & Silver
Beauty & the Beast? Gisele vs. Bette Midler
"...The current surge in gold prices doesn't only reflect Dollar weakness. Confidence in all official currencies is evaporating fast – and with today's current crop of central bankers in charge, is it any surprise...?"
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