Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, October 02, 2007
Gold Stocks Expected to Correct During October / Commodities / Gold & Silver Stocks
By: David_Petch
The short-term Elliott Wave chart of the HUI is shown below, with the thought path denoted in green. I expect the HUI to hit 401-403 on Monday AM, to complete wave (1).[1].III. Wave (2) should take approximately 4-5 weeks to complete, bottoming around early November. As mentioned last week, wave 1 was longer in time than wave 2, suggestive that wave 1 was to be the longest wave in 2/3 of time, price or complexity for all impulsive waves of Minor Degree (pink).Read full article... Read full article...
Tuesday, October 02, 2007
Gold Suffers Worst Drop in 7 Weeks as Euro Sinks; Expect Physical Demand to Rise; Global Credit Crunch Yet to End / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES sank in Asian and early London trade on Tuesday, dropping 2.1% from the overnight close in New York – when the Dow Jones index of US equities recorded a new all-time high – to bounce off $732 per ounce and deliver gold's sharpest losses since Aug.16th.Read full article... Read full article...
Tuesday, October 02, 2007
Soybeans October Market Secret / Commodities / Agricultural Commodities
By: George_Kleinman
Today I plan to share with you this market “secret”: Soybeans exhibit a very strong tendency to form a seasonal price bottom during the month of October. This bottoming tendency is the result of harvest selling pressure because many farmers sell their crop right out of the fields to generate cash.
This year, with soybean prices relatively high, this market behavior could be even more pronounced than usual. After the harvest selling pressure subsides, the soybean market usually exhibits a profitable post-harvest rally trading opportunity.
Read full article... Read full article...
Monday, October 01, 2007
How Central Bankers Control the Gold Price / Commodities / Gold & Silver
By: Adrian_Ash
"...What is it with leading commercial banks – first Credit Agricole...now Citigroup – and their accusations of wanton gold-price manipulation by central bankers...?"
"IT WAS SO embarrassing... "I mean, who in the hell ever let the guy publish that report? Credit Agricole was a laughing stock. Everyone in the gold industry was amazed. It was just ridiculous..."
Read full article... Read full article...
Monday, October 01, 2007
Gold Up as Battered US Dollar Falls to New Low Against the Eur / Commodities / Gold & Silver
By: Gold_Investments
GoldGold made a new 28 year high close on the COMEX in New York Friday and again this morning. It closed at $743.10 on Friday and was up to $746.80 in early trading in Europe.
Read full article... Read full article...
Monday, October 01, 2007
Gold Dips as US Open Draws Near; Investment Banks Hit by Credit Crunch; London 's Financial Debt Soars / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher in Europe on Monday morning, adding to Sept.'s 10% gain to record an AM Fix in London of $745.25 per ounce, before slipping as the New York open drew near to dip below $744.Read full article... Read full article...
Monday, October 01, 2007
Gold Critically Overbought - Reaction Lower to $700 Probable / Commodities / Gold & Silver
By: Clive_Maund
The way to be popular in this business it to tell people what they want to hear, which is that gold and silver are going up, up, up. However, if your priority is to assist people in making money or at least avoid losing it, then being popular has to be a secondary consideration. Read full article... Read full article...
Monday, October 01, 2007
Silver Short-term Fall to Present Another Buying Opportunity / Commodities / Gold & Silver
By: Clive_Maund
Even though recent action in silver has been very positive, with it finally breaking free from the shackles of its “Distribution Dome”, short-term it looks set to react significantly in sympathy with gold, a scenario that is made a lot more likely by last week’s sharp increase in the Commercials’ short positions. The long-term outlook remains strongly bullish, so if the expected short-term reaction occurs it will be viewed as presenting another buying opportunity.Read full article... Read full article...
Sunday, September 30, 2007
Gold and Silver Analysis - Precious Points: Approaching the Moment of Truth / Commodities / Gold & Silver
By: Joe_Nicholson
There can easily still be a higher high before this move is done. Silver could also easily see an extension of this move, probably as high as $14.20... if investor sentiment and underlying economic conditions continue to drive money toward inflation safe havens. Caution requires we not ignore … the certainty of increased housing defaults, the ongoing uncertainty of toxic asset ownership, the (un)health of the American consumer as assessed based on outstanding credit instead of retail sales, and now the pessimism of the Fed. Blowoffs end ugly for everyone except those who are forearmed with the knowledge they are taking short term positions and choose their trade vehicles appropriately. ~Precious Points: Is This the Big One, September 23, 2007Read full article... Read full article...
Sunday, September 30, 2007
Weekly Gold and Silver Technical Analysis Report - 30th Sept 07- Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Gold is moving into new high ground for this generation but still over $100 shy of an all time high (not including effects of inflation). Will we get there before the next generation?
GOLD : LONG TERM
The long term P&F chart has tacked on another X and has now given us another long term projection. In my 07 Sept 2007 commentary I calculated three earlier projections. With gold breaking into new high ground a final (for now) projection can be calculated to the $1125 level. Of course there are higher projections based upon a very long term chart shown last week but those are for much later consideration.
Sunday, September 30, 2007
Final Quarter Energy Trends for Uranium and Green Energy / Commodities / Energy Resources
By: Elliot_H_Gue
The final quarter of the year is always a crucial period for the energy markets. The quarter marks both the beginning of the winter heating season and a time when refiners look to rebuild their crude oil inventories. Often, trends that emerge during the quarter carry through into the new year.
With crude oil prices hovering above $80 per barrel and natural gas recovering from its midsummer lows, the fourth quarter of 2007 promises to be even more pivotal for the energy patch than normal. In this week's issue, let's take a look at two trends I'll be watching carefully as we head into the final weeks of 2007.
Read full article... Read full article...
Saturday, September 29, 2007
Gold Rockets on US Dollar Troubles / Commodities / Gold & Silver
By: Christopher_Laird
Gold rose Friday well over $740 setting a new high (not inflation adjusted) since 1980. The USD dropped below a key 78 level on the USDX (currency index heavy Euro weighted). Oil is also rising based on USD weakness. This is not just a speculator driven rally in either gold or oil, as has been the case before the USD started to drop and stay below 80 on the USDX – a big change from the last several years.Read full article... Read full article...
Saturday, September 29, 2007
Will Mugabe Seize Control of 51% of Zimbabwe's Platinum Mines? / Commodities / Platinum
By: Julian_DW_Phillips
Mr. Mugabe has a long history of destroying the country's assets. It started with him forcing Zimbabwe banks [such as Grindley's] holding foreign investments on behalf of Zimbabweans [in nominee names], to hand them over to the government in exchange for 4% government bonds [that was in 1983]. That resulted in the termination of direct private foreign investments to Zimbabwe. Next came the white owned farmland, which confiscations led to Zimbabwe changing from the breadbasket of Africa to a country unable to grow its own food and starvation staring many of them in the face.Read full article... Read full article...
Friday, September 28, 2007
Gold: Lagging Supply vs. Soaring Inflation / Commodities / Gold & Silver
By: Adrian_Ash
"...The gold mining industry just admitted that it lacks growth. The world's central bankers, in contrast, are expanding their production each and every day..."
SPOT GOLD PRICES just ended their sixth week of successive in London , peaking above last Friday's $740 peak and recording the highest Fix since 21st Jan. 1980 , the day of gold's all-time record spike to $850 per ounce.
Read full article... Read full article...
Friday, September 28, 2007
Gold Mining Challenges - Gold Stocks Gains Over Leveraged Against Gold Price / Commodities / Gold & Silver Stocks
By: Zeal_LLC
With gold once again above $700/oz, there is a renewed interest in gold stocks. Throughout the course of this gold bull it is indeed the gold stocks that have provided investors with excellent leverage to the rising price of gold. These companies that are responsible for bringing the metal to market should be well positioned to greatly profit in a secular gold bull.
But now more than ever gold mining companies are finding it increasingly difficult to do what they do best. The geopolitical, regulatory, inflationary and environmental hurdles are higher than ever. And the discovery shortfalls from the previous bear-market cycle have really hindered this industry's growth prospects.
Read full article... Read full article...
Friday, September 28, 2007
Gold Set for First Monthly Close Above $700 Since Jan 1980 / Commodities / Gold & Silver
By: Gold_Investments
GoldGold made a new 28 year high close on the COMEX in New York yesterday. It was up $4.70 to $732.50 at the close. In overnight trading in Asia and Europe gold has continued to rally and has risen to $738.00/738.50 per ounce as of 1130 GMT. There seems to be strong support now at $726. Read full article... Read full article...
Friday, September 28, 2007
Gold Touches New 27-Year High as "Friday Drivers" Get Busy Again / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES touched a new 27-year high above $740 per ounce early in London on Friday, as the US Dollar hit a new record low against the Euro and Brent crude oil in London ticked back from yesterday's fresh all-time high.
In the agricultural sector, global wheat prices are now approaching their biggest two-month gain since 1973, according to Bloomberg data, following a disastrous growing season in Australia , Canada and Ukraine .
Read full article... Read full article...
Friday, September 28, 2007
Precious Metals - Spot The Obvious First - Investing Simplified – Part Two / Commodities / Gold & Silver
By: Investmentscore.com
When you build a puzzle do you dump out 1000 pieces and randomly try to put together the picture, or do you look for the obvious corners, flat borders, build the frame and then fill in the details? So why do investors try to match a million random pieces of information in an attempt to try to build a clear picture?Read full article... Read full article...
Friday, September 28, 2007
A Fresh Spin on the Commodities Supercycle / Commodities / Gold & Silver Stocks
By: Submissions
There's an important distinction between a supercycle for commodities and a supercycle for resources stocks.Read full article... Read full article...
Thursday, September 27, 2007
Natural Gas Sideways Digestion Before Trend Continues Higher / Commodities / Natural Gas
By: Mike_Paulenoff
While crude oil prices rally strongly, natural gas gets hammered ahead of, and after the release of the latest inventory figures, which came in pretty much in line with expectations (a build of 74 bcf).Read full article... Read full article...