Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, November 06, 2007
Gold Surges to New All time Highs Against European Currencies / Commodities / Gold & Silver
GoldGold was up $1.10 to $807.10 in New York yesterday. It has surged again in Asian and European trading and is trading at $819.90 at 1200 GMT which is a new 27 year high.
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Tuesday, November 06, 2007
Gold Hits New Highs vs. Dollar, Euro, Sterling & Aussie as Oil Rises on Fresh Mid-East Tensions / Commodities / Gold & Silver
SPOT GOLD PRICES raced higher yet again early Tuesday, taking out a series of new 27-year highs above $821 per ounce for US investors and also made new highs versus the Euro, British Pound and Aussie Dollar.Read full article... Read full article...
Monday, November 05, 2007
Gold Surges as Dollar hits New Lows / Commodities / Gold & Silver
GoldGold surged $15.80 to $806 in New York on Friday. It has traded sideways to slightly down in Asian and European trading and is trading at $803.50 at 1200 GMT. Gold climbed 2.8% for the week and silver advanced by 2.4%. Gold is now outperforming all major stock markets on a monthly, YTD and yearly basis as seen in the table below. Gold also rose strongly in other major currencies on Friday and is trading at £385.50 GBP (up from £380.40) and €554.95 EUR (up from €547.50). It remains near record nominal highs in terms of GBP and EUR respectively.
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Monday, November 05, 2007
Gold Holds Steady as World Stock Markets Drop on New Credit Woes; British Pound Falls After Weak Data / Commodities / Gold & Silver
SPOT GOLD PRICES ticked lower but held above $801.50 per ounce in Asian trade on Monday, spiking higher in London as world stock markets continued to sell off.Read full article... Read full article...
Sunday, November 04, 2007
Gold and Silver Analysis - Precious Points: It's A Hit! / Commodities / Gold & Silver
The path of least resistance continues for the moment to be upward… With financial markets undoubtedly improving, stocks performing reasonably well, and gold and oil at soaring, some of the impetus for a 50 bps cut may have been removed. Though a rate cut should theoretically boost precious metals, the markets seem to already be priced for 25 bps cut and, if this is all they're given, could choose to sell the news… Read full article... Read full article...
Sunday, November 04, 2007
Weekly Gold Silver and Uranium Technical Analysis Report - Gold Bull Unstoppable / Commodities / Gold & Silver
Despite all the short selling, gold seems to be unstoppable. Where and when will all this end? Your guess is as good as mine.
GOLD : LONG TERM
For the past almost three months gold has been on a tear. How long it will last before a significant rest period, or even a reaction, sets in is anyone's guess. This chart (or at least a very similar one) was shown with my commentary of 07 Sept 2007 . We have just breached the first of the long term projections based upon this past year and a half consolidation period. That one was at $780. We are now heading towards the next one at $915 with $1035 beyond that. Projections can be made whenever the action goes through a lateral consolidation period.
Friday, November 02, 2007
Gold: A Different Class of Investment / Commodities / Gold & Silver
"...Just because dolphins swim, doesn't make them pilchards..."
WHAT KIND OF AN INVESTMENT is gold – and just why are private investors Buying Gold to push it higher in 10 weeks out of the last eleven?
Dubbed the No.1 "diversifier" by serious analysts and clued-up wealth managers alike, gold clearly stands outside the three asset classes held by most private investors.
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Friday, November 02, 2007
Crude Oil Approaching $100 - Dynamics of the Oil and Energy Markets / Commodities / Oil Companies
As oil prices continue to forge higher highs in a seemingly inevitable journey to the $100/barrel mark, it becomes more important for individuals to understand the dynamics of the oil and energy markets. Typically, people think of the price of oil and related energy products from an expense perspective. They worry about how rising gas prices will affect their budget for instance. Or, for those who use oil to heat their homes, they struggle with the ever-increasing cost of heating oil pre-pays. However, there is some good news here also. It is possible for rising energy costs to affect the income side of your personal ledger too. Since oil prices are constantly in the headlines these days, it seems timely to discuss some of these investment possibilities in greater detail.Read full article... Read full article...
Friday, November 02, 2007
Reasons for Investing in Gold - Part 2 / Commodities / Gold & Silver
Too much money looking for a home.Cast you mind back to previous currency declines in currencies other than the $, so bad that the national authorities of those nations believed they needed intervention to hold up or down exchange rates [Deutschmark - Pound - Lira etc]. These happened in the early seventies, eighties, nineties and the noughties we're in now, so this is by no means new to the currency world. For instance, the Bundesbank repeatedly had to back off holding the Deutschmark down, as speculators matched their intervention, in the seventies. Later the Bank of England paid a very heavy price before it just had to give in to the attack on Sterling [thanks to George Soros]. Then, in the Eurozone area, remember the Lira pegs of Europe's Exchange Rate Mechanism? Well it ain't over yet! Lately we're seeing it on the Persian Gulf O.P.E.C. states and now in Hong Kong].
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Friday, November 02, 2007
Major Base Metals, Copper, Zinc, Nickel, Lead and Aluminum, Are All in the Midst of Spectacular Secular Bull Markets / Commodities / Metals & Mining
The global commodities bull has sure been flexing its muscles in recent years. And this is a result of our growing world's insatiable demand for the hard commodities that feed widespread industrialization and modernization. Since these commodities are finite in nature, an economic imbalance has emerged that has showcased incredible market activity.
Supply has simply not been able to keep up with fast-growing demand. And when you have more capital chasing after fewer goods, prices are naturally going to rise. The industrial metals or base metals that are indispensably used in virtually every aspect of physical infrastructure, from structural to mechanical, have displayed this basic economic principle to the highest degree.
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Friday, November 02, 2007
Gold Remains Strong with Near Record Crude Oil Prices and Near Record Low Dollar / Commodities / Gold & Silver
GoldGold was down $1.50 to $790.20 in New York yesterday. It has traded sideways in Asian and European trading and is trading at $793.50 at 1200 GMT. Gold has corrected in other major currencies and is trading at £380.42 GBP (down from £381.50) and €547.50 EUR (down from €549.46) but remains near record nominal highs in terms of GBP and EUR respectively.
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Friday, November 02, 2007
Gold Rises Again as Credit Crisis Whacks Stocks; But Could Making the Headlines Signal a Near-Term Top? / Commodities / Gold & Silver
THE SPOT GOLD PRICE rose steadily in London on Friday morning, adding $6 to its overnight bounce to trade above $794.50 per ounce as stock markets across the world continued to fall hard, led down by banking shares.Read full article... Read full article...
Friday, November 02, 2007
Uranium Stocks Neutral on Bad News - Technically Uranium with Merv / Commodities / Uranium
With the “bad news” one reads in the media about the rough time the largest uranium companies seem to be having it's a wonder that the Merv's Daily Uranium Index has not totally collapsed. However, cooler heads prevailed and the Index held it's ground. The Index lost 0.037 points or 0.75% on the day.Read full article... Read full article...
Thursday, November 01, 2007
Goldman Sachs Manipulation of Commodity Prices - Gasoline and Crude Oil / Commodities / Market Manipulation
It is still open season on Goldman Sachs. Ditto for JP Morgan and the clique of Wall Street firms, who enjoy untold tremendous privilege. Well, Goldman is at it again, playing games, abusing their role, and making money, all legally. One should say, rather, all without prosecution. One puts life and career at risk when revealing the hidden actions of the military and security organizations running in this land. However, taking aim at the Wall Street bank sector parasites is deemed a harmless exercise, regarded much the same as a fly or mosquito flirting around the USGovt torso. The ugliest example of illicit publicly noticed activity by Goldman Sachs in my opinion was the late summer 2006 change to the GS Commodity Index. They lowered the unleaded gasoline weight from 9% to 2%, forcing the sale of $7 billion in gasoline contracts. Nevermind motive, focus on execution. With $100 billion in indexed funds invested in the GSCI, Goldman knew what would happen. Gasoline fell sharply in price. GSax profited heavily, all legal, not even a prosecutable violation.Read full article... Read full article...
Thursday, November 01, 2007
Gold $800! Hard Money Wins Again! / Commodities / Resources Investing
Larry Edelson writes: They called it "a relic of the past."
They described its last major price surge as an "anomaly."
They said it would "never hit $800 again."
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Thursday, November 01, 2007
Inter-market Analysis- All starts with the Fed rate cut - Technical Speculator Nov 2007 / Commodities / CRB Index
KEY POINTS:
• Rate cut spells more weakness for U.S. dollar, but upward pressure for major currencies continues
• Gold first to increase, followed by CRB Index
• Utilities and U.S. bonds respond favourably to rate reduction
• Long-term effect of dollar decline is building inflation
• Intermarket actions still favour tangible overweighting in portfolios Read full article... Read full article...
Thursday, November 01, 2007
Peak Oil and Gold Short Squeeze / Commodities / Gold & Silver
GoldGold was up $7.30 to $791.70 in New York on Tuesday. Then, gold sold off initially on the FOMC's 0.25% interest rate cut but then turned around and rallied to new record highs at $798.80. It has drifted lower in Asian and European trading and is trading at $792.50 at 1200 GMT. Gold has again rallied in other major currencies and is trading at £381.50 GBP (up from £379.16) and €549.46 EUR (up from €543.86) and remains near record nominal highs in terms of GBP and EUR respectively.
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Thursday, November 01, 2007
Gold Dips 0.8% from $799 in London ; Breaks New 17-Month High for Euro Investors as Oil Surges Once More / Commodities / Gold & Silver
SPOT GOLD PRICES came within $1 of $800 per ounce overnight in Asia on Thursday, rising 2.7% from the week's lowest point so far before slipping below $792 by mid-morning in London .
European stock markets also dropped, losing 0.5% in early trade as the Dollar bounced from Wednesday's new all-time record lows on the currency markets.
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Wednesday, October 31, 2007
Exploding the Myth of Unbacked Silver Certificates and Phony Silver Storage / Commodities / Gold & Silver
Executive summary
Analysts put their own construction on facts coming out of the class-action suit between Morgan-Stanley and 22,000 of its clients involving costs associated with the storage of precious metals. They jump to the conclusion that metal supposedly backing outstanding silver certificates does not exist and never has. Storing silver on clients' account is a farce. From this they conclude that the net short commercial interest in silver on the COMEX, allegedly naked, must further be increased by adding the amount of unbacked silver certificates and phony storage, which they conservatively estimate at one billion ounces.
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Wednesday, October 31, 2007
This Crude OIl Chart Will Scare You / Commodities / Crude Oil
Sean Brodrick writes : I just got back from a scouting trip to an oil and gas explorer in the Gulf of Mexico. The company I visited is small but promising. And it perfectly illustrates what the U.S. needs to do to protect itself from a massive energy crisis — drill in its own backyard.
I'll tell you more about this explorer — Bayou Bend Petroleum — in just a moment. First …
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