Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
Tuesday, September 25, 2007
Gold Drops to Three-Session Low as Stock Markets Sag; Dollar Still "Very Weak" Ahead of US Housing Data / Commodities / Gold & Silver
SPOT GOLD PRICES slipped 0.9% to a three-session low of $724 per ounce Tuesday morning in London , while European stock markets dropped 1.2% and Wall Street futures pointed lower.Read full article... Read full article...
Monday, September 24, 2007
Correction in Gold / Commodities / Gold & Silver
As we speak, the streetTRACKS Gold Shares (NYSE: GLD) is pressing to the downside again its Aug-Sep support line (72.00), which if violated and sustained should trigger downside follow-through to 71.00 at a minimum and possibly 70.00 thereafter prior to the emergence of new buying interest. I am on the sidelines in the GLD until this correction runs its course.Read full article... Read full article...
Monday, September 24, 2007
Gold Starts the Week 3.4% Higher; "Dramatic Fall in Demand Not Expected" / Commodities / Gold & Silver
SPOT GOLD PRICES ticked up to $736 per ounce by lunchtime in London after opening 3.4% higher from last Monday's start and gaining 1.5% for European investors from this time last week.Read full article... Read full article...
Monday, September 24, 2007
Gold Remains at Record 27 Year Highs / Commodities / Gold & Silver
GoldGold continued to rise Monday after last week's 3% increase.
Gold was up to $734.50/735.00 per ounce against $731.50 in late New York trade on Friday.
Read full article... Read full article...
Sunday, September 23, 2007
Gold Momentum Divergence Trend Warning - Technically Precious with Merv / Commodities / Gold & Silver
Staying with the trend can be profitable but is it time for the trend to end?
GOLD
Everybody's getting all excited because we are hitting new 27 year highs so I thought I'd show you what all the excitement is about. For technicians things are really getting hot. We have all sorts of projections based upon short, intermediate and long term charts, many of these projections you have read in these commentaries. What about the very long term, you might ask. You have heard about the $1600 projection but where does it come from? Well, here we have the very long term P&F chart that gets us there and possibly beyond.
Sunday, September 23, 2007
Gold and Silver Analysis - Precious Points: Is This the Big One? / Commodities / Gold & Silver
“A new attempt at $725 is entirely likely given the expectations for next week, but losing the psychologically important 7-handle is also a realistic possibility. A move of the 5-week moving average above $700 for the first time in this entire bull market would be a more convincing indication of the sustainability of the current move. The next move in silver could be in either direction, but … recent action has been encouraging. There's no lack of reasons to be cautious at these lofty levels… far from a call to sell gold and silver, it is a call for caution”. ~Precious Points: Old Number 7 , September 15, 2007Read full article... Read full article...
Saturday, September 22, 2007
Gold's Positive Climate - Some Key Features Have Changed / Commodities / Gold & Silver
Liquidity relief coming from the U.S, the U.K and European Central Banks to the banking system, is still struggling to unfreeze the system, simply because it is cash and not an underwriting of dubious investments. Some read the drop in interest rates in the U.S. will bring instant relief to the driver of the U.S. economy, the besieged U.S. consumer, but no such thing will happen until rates are much lower still and confidence restored. Why?Read full article... Read full article...
Saturday, September 22, 2007
The Breakout in the Gold Price / Commodities / Gold & Silver
Yesterday (Friday, September 21st, 2007) the gold price for physical purchase was fixed at $737.00 per troy ounce in the London P.M. session. The gold price is fixed twice a day in London. The A.M. fixing is done from 10:30 onwards and the P.M. fixing is done from 15:00 onwards. The reason why we are looking at the P.M. fixing is that during this period the major financial markets of Europe and the United States are open so this fixing price is very representative of physical demand for gold bullion.Read full article... Read full article...