Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, September 29, 2007
Will Mugabe Seize Control of 51% of Zimbabwe's Platinum Mines? / Commodities / Platinum
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
"...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.
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Friday, September 28, 2007
Gold Mining Challenges - Gold Stocks Gains Over Leveraged Against Gold Price / Commodities / Gold & Silver Stocks
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.
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Friday, September 28, 2007
Gold Set for First Monthly Close Above $700 Since Jan 1980 / Commodities / Gold & Silver
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
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 .
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Friday, September 28, 2007
Precious Metals - Spot The Obvious First - Investing Simplified – Part Two / Commodities / Gold & Silver
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
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
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...
Thursday, September 27, 2007
Should You Own Precious Metals in a Retirement / Pensions Account? / Commodities / Pensions & Retirement
In recent years, a growing number of countries have permitted their citizens to establish personal retirement accounts and allow them to choose the investments they may hold, including precious metals. But should an investor include a precious metals component in his or her long-term investment plan? And if so, how does one decide which precious metal investment product to own for retirement purposes?Read full article... Read full article...
Thursday, September 27, 2007
Gold Jumps into US Open as Mining Supply Flags & Fed Injects Another $6bn to the Money Markets / Commodities / Gold & Silver
SPOT GOLD PRICES ticked higher in London early Thursday, recovering all of yesterday's late losses in New York before jumping towards the US open and trading above $735 per ounce, well above last week's closing level.
The US Dollar meantime slipped to a new record low against the Euro, and crude oil rose back above $81 per barrel.
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Thursday, September 27, 2007
Gold is underpriced by $1,400! Gold Long-term Target is $2,100! / Commodities / Gold & Silver
Larry Edelson writes: I'm going to say it again — if you're not in the gold market, you're making a huge mistake.
Reason: Gold is the ultimate asset. It is the purest form of money, and the oldest, most durable wealth-preserving asset on the planet.
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Thursday, September 27, 2007
New High for the Euro as Gold Corrects / Commodities / Gold & Silver
GoldGold was down by $3 yesterday and ended the trading day in New York at $727.80.
In overnight trading in Asia and Europe gold rallied somewhat and has risen to $732.00/732.50 per ounce as of 1215 GMT.
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Thursday, September 27, 2007
Market Outlook - US Dollar Down, Commodities Up / Commodities / Financial Markets
KEY POINTS:• CCI breaking to new highs in October
• Oil feels upward pressure until November; target is $85 to $86
• Copper holds above $3.00 and rises to resistance of $3.80
• Gasoline prices soften in October
• Silver lifts to $13.60 to $14.00 this month
• Nickel stabilizes above $12; rebound begins in October
• Upward pressure on gold holds with $750 target, as weak dollar and jewellery season push the metal upward
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Thursday, September 27, 2007
Investing In Gold Can Make You Rich! / Commodities / Gold & Silver
Gold is unstoppable. Hope you haven't sold your quality gold shares.
Well, gold is settling comfortably above 700 an ounce – what now? If you're stupid you'll be selling all your gold shares because you fear gold dropping back to 640. If you have any common sense you will notice this upward move is more than a short term rally.
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Thursday, September 27, 2007
Silver in Bullish Technical Formation, Targeting Powerful Upmove $17.30 / Commodities / Gold & Silver
If in fact the Fed must cut rates at least one or two more times, and must press Fed funds to 4.25-4.00% during this rate cut cycle -- avert recession and stimulate economic growth -- then just maybe the "inflation genie" will be allowed out of the bottle for a while. We will know that if and when Silver (not gold) starts to accelerate to the upside. When rising inflation psychology takes root, it will be the less obvious "precious" metal that flashes its buy signal.Read full article... Read full article...
Wednesday, September 26, 2007
Steepening US Treasury Yield Curve to Ignite Gold - Stagflation Around the Corner / Commodities / Gold & Silver
The face of all the world has changed, since first I heard the footsteps of your official rate cut. Sorry, borrowed a front line from a Robert Browning love poem, who wrote about ‘footsteps of your soul' to Elizabeth Barrett. On September 18th, notes were taken on a host of prices immediately before the US Federal Reserve executed its cut of 50 basis points in both the Fed Funds target and the discount rate. The reaction in the entire price structures for the financial markets generally has been profound in only one week. Stocks are up. Foreign currencies are up. Oil and natural gas are flat but now down a little. Gold and silver up, along with their precious metals mining stocks. However, the anomaly sticks out like a sore bruised discolored thumb.Read full article... Read full article...
Wednesday, September 26, 2007
GOLD THOUGHTS - Gold To Correct Lower and US Dollar to Bounce from Oversold State / Commodities / Gold & Silver
Bailout Ben Bernanke, Chairman of U.S. Federal Reserve, last week demonstrated the intellectual bankruptcy at that institution. No broad based economic need for a 50 basis point interest rate cut was evident. Only purpose of rate cut was to aid investment banks and mortgage brokers. Further, that interest rate cut is now politically impossible to reverse without a crisis in the value of U.S. dollar.Read full article... Read full article...
Wednesday, September 26, 2007
Gold Holds Steady as ETF Demand Increases / Commodities / Gold & Silver
GoldGold traded sideways again yesterday and spot gold ended the trading day in New York down 30 cents to $730.80.
In overnight trading in Asia and Europe gold has again traded sideways and to $730.50/731.00 per ounce as at 1200 GMT.
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Wednesday, September 26, 2007
Gold Dips in London But Extends Record Run Above $700 Per Ounce / Commodities / Gold & Silver
SPOT GOLD PRICES slipped back from a two-day high early Wednesday, dipping to record $730.55 at the Morning Fix in London, 1.3% below the new 27-year high hit last Friday.
The Gold Market still racked up its 13th consecutive day above the $700 mark, however.
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Tuesday, September 25, 2007
Gold Is Still 33% Below its Inflation Adjusted 1980 Peak / Commodities / Gold & Silver
GoldGold traded sideways yesterday and spot gold ended the trading day in New York up 10 cents to $731.10.
In overnight trading in Asia and Europe gold has sold off and is down some 1% to $727.50/728.00 per ounce as of 1200 GMT.
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