Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, October 11, 2007
Germanys Central Bank Decides to Hold on to Gold Reserves / Commodities / Gold & Silver
GoldGold was up $3.10 in New York yesterday, from $736.70 to $739.80. It has continued to strengthen in Asian and early European trade. Gold was trading at $746.40/ 746.90 at 1200 GMT.
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Thursday, October 11, 2007
Gold - The Real Deal Bull Market and Store of Value / Commodities / Gold & Silver
In this analyst's view, if the Gold Share Indices break up relative to Commodities Index on the following two charts – which have been “dumbed down” to 7.5% X 3 box reversal to cut out all trading noise – then that will be a leading indicator pointing to the “Real Deal”. Gold will be unarguably on its way on its journey to becoming a genuine store of wealth in turbulent times.Read full article... Read full article...
Thursday, October 11, 2007
Gold Surges to New 27-Year High as "Inflationary Melt-Up" Hits World Stock Markets & Commodities / Commodities / Gold & Silver
SPOT GOLD PRICES surged 0.9% in early trade on Thursday to reach fresh 27-year highs above $748 per ounce as silver rose 1% and platinum recovered its high of Nov. 2006.Read full article... Read full article...
Thursday, October 11, 2007
Another Upleg in Crude Oil? / Commodities / Crude Oil
The action during the past couple of sessions in the U.S. Oil Trust (AMEX: USO) as well as in crude off of the 9/28 high at 64.25 represents another bullish consolidation within the dominant uptrend rather than a near-term top…and indicates strongly that another upleg may have started off of the Sept-Oct double-bottom lows near 60.20, which projects to a test and hurdle of 64.25. Only a break below 60.00 will compromise my near-term constructive outlook.Read full article... Read full article...
Thursday, October 11, 2007
Investing in King Coal / Commodities / Coal
China is both the world's largest coal producer and its preeminent consumer. In 2006, Chinese coal production totaled more than 1,200 million metric tons of oil equivalent, and output has been growing rapidly in recent years. China's coal production is nearly double what it was at the beginning of this decade.It should come as little surprise that Chinese demand for coal will continue to surge in coming years. The country consumes vast quantities of both thermal coal and metallurgical (met) coal.
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Wednesday, October 10, 2007
Commodities Bull Market Revived / Commodities / CRB Index
Numerous favorable signals point to a resumption of the commodity bull. It had been stalled for almost a year. The US Federal Reserve interest rate cut on September 18 clearly marked a turning point, a watershed event, a sea change. The USEconomy is the weakest on the planet, not surprising since it grew on the back of a housing bubble, which has since entered a slow motion crater. The US financial sector, the engine behind the so-called FIRE economy, has sputtered from bubbles mixed with kooky engineering mixed with leverage steroids laced with mispricing misrating fraud.Read full article... Read full article...
Wednesday, October 10, 2007
Gold and Silver Fundementals Have Changed Due To New Demand For Real Money / Commodities / Gold & Silver
Both gold and silver have had attractive and improving supply and demand fundamentals for many years running. Demand for gold jewelry has exceeded mine supply with Central Bankers making up the shortfall with what is by far their most precious reserve asset. The stated reason was to achieve higher income while the real reason was to suppress the price. If you believe their stated reason then you also probably believe that the reason the Fed stopped reporting the M3 money supply numbers in 2006 was to save money as they explained.Read full article... Read full article...
Wednesday, October 10, 2007
Gold Rises as European Stocks Miss Out on US, Asian Surge; Also Hits New 17-Month High vs. the Euro / Commodities / Gold & Silver
SPOT GOLD PRICES continued to tick higher during the Asian and early European sessions on Wednesday, gaining more than $6 per ounce from last night's US close to reach $744 by lunchtime in London.Read full article... Read full article...
Tuesday, October 09, 2007
Gold & the End of History's Holiday, Bloombergs Article Implies Mainstream Consensus is Still Opposed to Gold / Commodities / Gold & Silver
"...The 1990s failed to mark the end of history. It just took a short holiday, instead – and at the very same time, historians and pundits alike announced the 'death of gold', too..."
IF WHAT YOU THINK depends on where you sit, then in early 2000, the Oxford historian Niall Ferguson – like pretty much everyone else who pulled up a chair and took a look – sat two decades into the final demise of gold as a valuable asset.
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Tuesday, October 09, 2007
Gold Stocks Expected to Continue to Consolidate After Recent Gains / Commodities / Gold & Silver
GoldGold has continued to weaken in Asian and early European trade after yesterday's nearly 1% sell off. Gold was down $8.70 in New York from $741.30 to $732.60.
Gold was trading at $729.50/ 730.00 at 1200 GMT. Gold's weakness is likely due to profit taking and the U.S. dollar continuing to strengthen and oil prices and commodities weakening on concern regarding the robustness of the U.S. economy.
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Tuesday, October 09, 2007
Gold Stocks to Soar as Credit Crisis Turns Into Currency Crisis / Commodities / Gold & Silver Stocks
I get more questions about gold than other single topic. The fascination for the "barbarous relic" among my readers is clear. This week in Outside the Box we take a look at the gold market, its growth-to-date, and potential future investment opportunity. Doug Casey and David Galland of Casey Research provide an intriguing analysis of the gold market today.Read full article... Read full article...
Tuesday, October 09, 2007
Gold Slips as Commodities Sell Off on Output & Stockpile Forecasts; Equity Traders Fear Sharp Drop in US Stocks / Commodities / Gold & Silver
SPOT GOLD PRICES slipped further overnight, taking the pullback from Oct. 1st's 27-year high to 2.4% as commodity prices fell across the board and traders awaited minutes from the Federal Reserve's most recent interest-rate meeting for a signal on future US policy.Read full article... Read full article...
Monday, October 08, 2007
Gold Under Comes Under Pressure / Commodities / Gold & Silver Stocks
The streetTRACKS Gold Shares (NYSE: GLD) is under pressure today with the entire commodity complex, but the weakness has not inflicted any meaningful damage to the overall dominant uptrend off of the August low at 63.47. Only a break below 71.15 will begin to compromise my still bullish outlook.Read full article... Read full article...
Monday, October 08, 2007
Aussie Junior Gold Mining Stocks Play Catch Up / Commodities / Gold & Silver Stocks
Aussie Junior companies have been hot for over two years now – pick the right ones and you are making big money fast and there is a classic pattern forming that indicates a new cycle has only just begun. The bottom made in April 2005 has been followed by two distinct up-legs and both ended in a sharp correction. If you also invested when we suggested – bringing money into Australia from the US you have been making even bigger money as our Dollar is in an uptrend against the USD. I have included a chart of the ASX Gold juniors (which is provided as a live link on GoldOz thanks to our friend Nick Laird at Sharelynx) as proof of this directly below.Read full article... Read full article...
Monday, October 08, 2007
Gold Facts Ignored by Bloombergs Biased and Unbalanced Article / Commodities / Gold & Silver
GoldGold has traded sideways in Asia and down in early European trading and was trading at $736.50/ 737.00.
As expected after six weeks of rising prices, gold took a well earned rest last week and was down by a marginal $1.50 for the week.
Continuing consolidation may be expected and there appears to be strong support in the low $720s. However, gold could continue to surprise to the upside as it has done previously.
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Monday, October 08, 2007
Gold Falls vs. the Dollar, But Holds Steady in Euros; Hits New 23-Year High for Japanese Buyers / Commodities / Gold & Silver
SPOT GOLD PRICES fell in early trade on Monday, slipping 0.5% in Asia and then dropping further to bounce off $736.50 twice in London this morning. That level also marked the AM Fix in London , recording a loss of more than $9 per ounce from last week's start.Read full article... Read full article...
Monday, October 08, 2007
Silver to Rocket on US Dollar Crash / Commodities / Gold & Silver
We succeeded in sidestepping a hefty reaction in silver early last week, but while gold has already made good most of its losses of early last week, silver has not - yet, and long positions can therefore be reinstated at a better price, although some traders may prefer to wait for the "triple breakout" referred to in the Gold Market update before going long.Read full article... Read full article...
Monday, October 08, 2007
Gold and Silver Analysis - Precious Points: T-minus five, four, three … / Commodities / Gold & Silver
The biggest threat to metals right now is still the May 2006 highs and the perception that we could be in a corrective pattern from those levels. If so, the summer's lows in gold would have to be taken out, though probably not by much given the strength of the underlying fundamentals and the beginning of positive seasonality. The market's response to a busy week for economic data, including ISM figures, auto and truck sales, and employment reports, and the ECB meeting, will give a clearer picture by next weekend.Read full article... Read full article...
Monday, October 08, 2007
Gold Break Out Expected As US Dollar Crashes Through Major Support / Commodities / Gold & Silver
We have been bullish on the broad stockmarket on the site, but short to medium-term bearish on gold and silver in the recent past and by extension gold and silver stocks, due principally to the distribution patterns that have formed in the metals and their increasingly bearish COT structure, especially gold. However, there is an inconsistency here that is becoming increasingly obvious and has led to a re-evaluation over the past couple of days. The inconsistency arises because a breakout to new highs and strong advance in the broad stockmarket, which looks very probable for reasons we will look at shortly, will almost certainly be accompanied by further heavy losses in the dollar.Read full article... Read full article...
Sunday, October 07, 2007
Weekly Gold and Silver Technical Analysis Report - 7th Oct 07- Technically Precious with Merv / Commodities / Gold & Silver
We had a little scare earlier in the week but it may be all over now -- or is it? Will world events control the fortunes of gold or will it be the US $? Push/pull, whatever.
URANIUM
Before getting into my weekly precious metals commentary I thought I'd bring to your attention a new blog that was launched this past week. Over the past year or two I have had many readers asking questions about uranium stocks. Many have suggested that I should include a uranium commentary with these commentaries. This led to the creation of a blog that is dedicated to discussing daily and weekly activities of uranium stocks.