Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, September 21, 2007
How to Buy Gold - Online Gold Bullion Investing / Commodities / Gold & Silver
By: Nadeem_Walayat
This week US interest rates were cut by 0.5% as a direct consequence of the credit crunch. This sparked a sell off in the US dollar to new lows not only against other currencies but also sent commodity prices soaring, including a soaring Gold price hitting a 27 year high.
Russian and Chinese governments together with private investors are all buying gold bullion in strength as the credit crunch shows the inherent weakness in the world governments monetary policies, which may be about to ignite hyper-inflation. Owning physical gold is fast returning as the favoured way to secure wealth against the rising tide of fiscal irresponsibility as governments continue to devalue their currencies by printing money, as evident of soaring money supplies in the range of 12% to 20% per annum.
Read full article... Read full article...
Friday, September 21, 2007
Gold Bull Market - The Best is Yet to Come ! / Commodities / Gold & Silver
By: Aden_Forecast
THIS IS IT!
All of the pieces have fallen into place.
Gold was near a 27 year high, oil was at a record high, stocks in the U.S. and globally remained bullish, the currencies were strong and the U.S. dollar was near a record low. The Fed then lowered the Fed Funds and Discount rates by a half percent on Tuesday, which triggered or reinforced strong breakouts in these markets, leaving no question that the major market trends are solid and strong.
Read full article... Read full article...
Friday, September 21, 2007
Gold is Still Cheap in Real-terms - Real Gold Highs 2 / Commodities / Gold & Silver
By: Zeal_LLC
Holy cow! How about that gold price this week? With the Ancient Metal of Kings powering to awesome new bull-to-date highs, gold traders are rejoicing. The Bernanke Fed's reckless decision on Tuesday to shove the ailing US dollar off a cliff has really ignited a fire under international gold investment demand.
$725+ gold is indeed remarkable to behold. It is a great blessing for us battle-hardened contrarians who were buying gold back in 2001 in the sub-$300 range when even mentioning “gold” in public triggered endless ridicule. Vindication, especially since it has been accompanied by legendary profits and rapidly multiplying wealth, has never been sweeter.
Read full article... Read full article...
Friday, September 21, 2007
How High Will Gold Climb? / Commodities / Gold & Silver
By: David_Vaughn
Well, what do the doom sayers say now? Any idiot, yes idiot, can recognize gold is settling above 700 an ounce. I have no idea in the short term where gold is headed, but I do feel that 700 is becoming the established floor price for gold.
Friday, September 21, 2007
Gold Hits Highest Price Since Jan 1980 as Dollar Continues its Crash Lower / Commodities / Gold & Silver
By: Gold_Investments
GoldGold continued it's recent surge on Thursday and rose a further 1.5%.
Gold futures for December delivery rose $10.40, or 1.4%, to $739.90 an ounce which is a new 27 year high.
Earlier gold rose to $746.50, the highest for a most-active contract since Jan. 22, 1980, the day after the metal reached a record $873 an ounce.
Read full article... Read full article...
Friday, September 21, 2007
Gold Market Just "One Day Away" from All-Time Record High on Recession & Inflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to record new 27-year highs early Friday, rising within a few cents of $740 per ounce and reaching the highest London Fix since 22nd Jan. 1980 – one day after gold hit its all-time Dollar top of $850 per ounce.
"External news such as the sub-prime crisis as well as the banking sector have all had a positive impact on the yellow metal price," said Jessica Cross, CEO of the Virtual Metals consultancy, on South African radio last night.
Read full article... Read full article...
Friday, September 21, 2007
Remember Crude Oil? / Commodities / Crude Oil
By: Regent_Markets
There have been many activities missed by headlines writers over the last week due to the focus on the banking crisis.On any other week the rise in the price of oil would be top of the headlines says Betonmarkets.com's Michael Wright. Oil prices reached record highs for the seventh straight session last Wednesday after refineries in California and Texas said they had new outages and the government reported surprisingly large declines in oil inventories.Read full article... Read full article...
Thursday, September 20, 2007
New Upleg for Natural Gas? / Commodities / Natural Gas
By: Mike_Paulenoff
The U.S. Natural Gas Fund (AMEX:: UNG) corrected right to the top of its initial upmove (37.40) from early September, at which point it pivoted to the upside in what looks like the start of a new upleg. As long as today's low at 37.40 contains any forthcoming downside volatility, my preferred scenario calls for the emergency of a powerful upleg that tests the June-Sept resistance lines, now just shy of 44.Read full article... Read full article...
Thursday, September 20, 2007
Gold, Crude and Euro Breaking Out on US Interest Rate Cut - Montary Doves at Point of Gun / Commodities / Gold & Silver Stocks
By: Jim_Willie_CB
WOW! What an interesting couple weeks. A lousy August Jobs Report, even though it exaggerated job growth the upside! The Birth-Death Modlel actually added 120 thousand mythical jobs, including construction jobs and financial sector jobs, both clearly in retreat, a blatant deception. The US Federal Reserve finally was given the smoking gun they needed on a platter to cut interest rates. Martin Feldstein gave the USFed considerable political cover, urging cuts, claiming they were already 100 basis points too high. So gold is breaking out, crude oil is breaking out, the euro is breaking out, the Canadian looney dollar is breaking out, the HUI stock index of miners is breaking out, and the USDollar is breaking down. Read full article... Read full article...
Thursday, September 20, 2007
Commodites Soar as US Dollar Plunges to New Lows Due to Record National Debt / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold rose more than one percent to hit a 27-year high at $730.20 an ounce this morning on safe-haven buying and a slide in the dollar to record lows against the euro.
Gold was quoted at $728.00/728.50 an ounce, compared with $721.10/721.90 in New York late on Wednesday.
Read full article... Read full article...
Thursday, September 20, 2007
Confidence in UK Central Bank Destroyed; Gold Hits 27-Year High Ahead of Fed Speech / Commodities / Central Banks
By: Adrian_Ash
SPOT GOLD PRICES touched $730 per ounce in London on Thursday – a 27-year high – as world stock markets slipped and the US Dollar sank.Read full article... Read full article...
Thursday, September 20, 2007
Why Silver is Set To GO THROUGH THE ROOF... / Commodities / Gold & Silver
By: Clive_Maund
It was somewhat odd that despite the extraordinarily bullish COT profile for silver, as of last weekend, gold took center stage and has soared during this week as predicted, despite its COT profile not being as dramatically bullish as that for silver, but that's fine by us as it has afforded time to get this article up. Of course, the reason for silver's underperformance relative to gold so far this week is not hard to find - silver broke down below important support last month, whereas gold didn't, and now silver is having to battle the resulting negative sentiment and supply overhang. Read full article... Read full article...
Wednesday, September 19, 2007
Gold Price and Stocks Expected to Digest Recent Gains Before Continuing Higher / Commodities / Gold & Silver
By: Mike_Paulenoff
Under "normal" circumstances, the streetTRACKS Gold Shares (NYSE: GLD) should be at or nearing a digestion and/or pullback period. Maybe it can loop up one more time to 72+, but the vast majority of my near-term work is warning me to step aside to allow the GLD to rest and correct. If that proves correct, then I expect a corrective period, or sequence, that traverses a range between 72 and 70, if not down to 69-68 prior to the next upleg.Read full article... Read full article...
Wednesday, September 19, 2007
Why You Should Be A Gold Bull / Commodities / Gold & Silver
By: David_Urban
Just the facts:
- Gold demand in the 2nd Q of 2007 rose 19% YoY to 922 tonnes.
- Gold jewelry demand in the 2 nd Q of 2007 rose 29% YoY to 675.1 tonnes.
- India was the largest consumer of gold in the 2 nd Q of 2007 with 240 tonnes, compared to 166.4 tonnes a year ago.
- Total gold supply for the 2nd Q of 2007 was down 7% YoY at 840 tonnes, down from 902 tonnes.
- Mine output is at a 10 year low.
- Gold margin for futures has been increased.
Wednesday, September 19, 2007
AGRI-FOOD THOUGHTS - China Consumer Boom Means Higher Soft Commodity Prices / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
As incomes rise in China and India, their consumers will dictate prices for oil and food. Their preferences are setting relative prices of nearly all commodities. These preferences have shifted to reflect their higher incomes, and will continue to do so. Chart below portrays per capita consumption of beef and rice by Chinese consumers, per UN FAO. Beef is now a preferred item on the menu at Chinese homes. Magnifying this shift is number of consumers in China and India. Such preference shifts have caused prices of grains and meats around world to rise. Higher beef consumption means raising more beef. Raising more beef means using more grain. More grain is consumed to feed the beef than is freed up from eating less rice. Agri-Food growth cycle that has emerged is really that simple. Read full article... Read full article...
Wednesday, September 19, 2007
Gold Surges on the Fed 50 Basis Point Interest Rate Cut / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $723.70/724.20 an ounce as of 1200 GMT. As expected gold surged on the Federal Reserve's quite drastic 50 basis point interest rate cut and 50 basis points discount rate cut. On the decision, spot gold in electronic after hours trading immediately rallied from $715 to $726.90. Subsequently it has traded sideways to slightly down in Asian and European trading.
Read full article... Read full article...
Wednesday, September 19, 2007
Gold, Oil & Euros Pushed Higher by Fed's Interest Rate Cut; "US in Deep Trouble" / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES pulled back $2 per ounce in London on Wednesday morning to trade just shy of the new 16-month high hit when the US Federal Reserve slashed Dollar interest rates on Tuesday in a bid to "forestall" recession.Read full article... Read full article...
Tuesday, September 18, 2007
Gold Breaks $721 as the Financial World Waits for the US Fed to Cut Rates / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES traded flat in Asia on Tuesday before rising into the London open and breaking a new 16-month high above $721 per ounce ahead of today's US session.
"There is no reason to believe the long-term rally has ended," says Christopher Langguth for Mitsui's technical reading of the weekly charts.
Read full article... Read full article...
Tuesday, September 18, 2007
Commodity Markets Update - All Eyes on the Feds Interest Rate Decision / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $720.00/720.50 an ounce as of 1215 GMT. It traded sideways in Asia and has continued to rally in Europe after yesterday's nearly 1% increase.
Read full article... Read full article...
Tuesday, September 18, 2007
What Next for Gold? / Commodities / Gold & Silver
By: David_Vaughn
Looks like gold has finally passed the magic 700 an ounce number.
I am sitting at a coffee shop and I look at the counter and notice all the pasties and bread. I think…hmm…the bread of life. And guess what came to my mind. Yes, you guessed it. Gold is the bread and life of the financial world. Gotta have it!
Read full article... Read full article...