Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, September 04, 2007
Gold Rallying Towards Resistance / Commodities / Gold & Silver
By: Mike_Paulenoff
Spot Gold prices are about $9 higher this AM, and appear to be heading for a confrontation with $700.... which is lifting the streetTRACKS Gold Shares (NYSE: GLD). As we speak the GLD is heading for a test of its major resistance line (67.60) that originated at the May 2006 high at 72.26. In that my pattern, momentum and cycle work argue for upside continuation, I have to believe that the powerful resistance line with be hurdled on the way to a test of the April 2007 high at 68.73 (next target).Read full article... Read full article...
Tuesday, September 04, 2007
GOLD UPSIDE BREAKOUT ALERT! / Commodities / Gold & Silver
By: Clive_Maund
Gold is now in position to break above last year's highs and embark on a major uptrend. On the 2-year chart we can see how, just by virtue of tracking sideways in a narrow range in recent weeks, it is getting clear of the resistance in the vicinity of the Distribution Dome, which of course signals that the distribution phase in the dome pattern is over - those who wanted to sell have done so. While there remains a residual danger of a Head-and-Shoulders top completing as shown on the chart, this risk is now regarded as minimal for reasons that will soon become clear. Read full article... Read full article...
Tuesday, September 04, 2007
Silver Very Bullish Commitment of Traders Report / Commodities / Gold & Silver
By: Clive_Maund
A week or so ago some financial reporters went on a quest to find silver bulls and gave up and went looking for lottery winners instead.
At first glance the silver chart looks terrible, with last month's dramatic breakdown below an important support level causing its moving averages to roll over and momentum to break to an 11-month low, and appears to confirm a Double Top with last year's highs, with the price accelerating away to the downside. So the pullback of the past couple of weeks towards what is now resistance is understandably regarded by many disenchanted bulls as an opportunity to quit in disgust at a slightly better price. However, as we shall see, there is now strong evidence that the August plunge was a final capitulative flushout, and that sophisticated traders have been gleefully mopping up the abundant supply in recent weeks from the disillusioned habitual losers, principally the Large Spec traders.
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Tuesday, September 04, 2007
Commodity Markets Analysis - Commodities Trend Sideways / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $673.20/673.70 an ounce as of 1215 GMT.
Gold has again traded sideways in Asian and European trading after yesterday's lacklustre trading with the U.S. markets closed for Labour Day holiday. Read full article... Read full article...
Tuesday, September 04, 2007
Gold Hits Four-Week High; Credit Crunch "Barely Begun" for German Banks / Commodities / Credit Crunch
By: Adrian_Ash
SPOT GOLD PRICES rose steadily against the US Dollar in early London trade, nearing a four-week high of $675 per ounce as Wall Street got back to work after Labor Day.
The metal also touched new three-week highs against the Euro and British Pound, but it held flat versus the Yen as the Japanese currency – source of $1,050 billion in lending by the end of April according to a new report from Bank for International Settlements – rose in the forex market.
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Monday, September 03, 2007
Silver's Subtle Bearish Signals for Commodities / Commodities / Gold & Silver
By: Brian_Bloom
Below is a Relative Strength Chart of Gold:Silver.
A 3% X 3 box reversal scale has been chosen to eliminate trading noise.
What the chart shows is that, by and large, gold has been under performing silver since 2003, but that this relative under performance may have bottomed.
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Monday, September 03, 2007
Keeping Tangible Assets Safe and Secure / Commodities / Gold & Silver
By: Mike_Clark
Be they rare coins, stock certificates, jewelry, personal mementos or family heirlooms, how we choose to protect the assets we deem valuable (and perhaps irreplaceable), is an important consideration involving many factors.
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Monday, September 03, 2007
Gold Holds Steady as Wheat & Oil Rise; "Busy Autumn" Ahead, Warns Analyst / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES traded in a $2 range early Monday, dipping below $672 per ounce in Asia before regaining Friday's three-week high in London.
New York is closed today for the Labor Day holiday.
"In Asia the gold market is primarily driven by physical buying and physical demand has slowed down at this price level," said Ellison Chu at Standard Bank Asia in Hong Kong to Bloomberg earlier.
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Monday, September 03, 2007
Commodity Markets Analysis - Gold Demand Continues to Rise / Commodities / Gold & Silver
By: Gold_Investments
Gold
Spot gold was trading at $672.20/672.70 an ounce as of 1215 GMT.
Gold has traded sideways in Asian and European trading after last week's strong performance with gold rallying to a 3 week high. Gold again showed its safe haven qualities in August and was up 1.3% for the month after being up 2% in July.
Gold is looking healthy and strong but needs to rise above the resistance at $675. Since the start of August it is in a tight range between $648 to $675 and gold needs to convincingly breach the $675 mark prior to challenging $700 in the coming weeks.
Monday, September 03, 2007
Silver Verses Gold? / Commodities / Gold & Silver
By: Bob_Kirtley
As you already know the team here are gold , silver and uranium bugs and we regard all three as precious metals. However in recent months a number of analysts have placed gold ahead of silver in terms of which will generate the best returns. Some of our readers have wrote and asked if we agree that gold will be the better performer?
The short answer is no we do not agree .
Firstly we will look at why they might think this way by bringing up this short-term chart of silver verses gold :
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Sunday, September 02, 2007
Gold and Silver Analysis - Precious Points: Notes from the Maestro / Commodities / Gold & Silver
By: Joe_Nicholson
“An important support for gold rallies… the $667/74 range will have to hold for a serious attempt at higher levels to be considered. The resistance between $682 and $686 still looms, however. Silver… with resistance just above $12 still keeping a lid on upward movement... reacted well to the 5-day moving average which… at least puts a level of support between the current price and targets as low as $9.50. Should the economic outlook deteriorate into anything resembling a recession or a deflationary spiral, there is no doubt the Fed will aggressively seek to remedy the situation, the eventual consequence of which will be a new leg in the precious metal bull, short term liquidations notwithstanding.” ~ Precious Points: The Question of Deflation , August 25, 2007
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Saturday, September 01, 2007
Gold Will Gain From Both the Liquidity Supply for Stable Money Creation and to Prevent Money Shrinkage / Commodities / Gold & Silver
By: Julian_DW_Phillips
Many, many times we have opined that the Fed would not fight inflation at the expense of growth and that proved true last week. This concept permits a measure of inflation and it permits the issuance of money headed overseas to promote world growth [paying for imports], called ‘stable' money creation. But as we are all aware the over-issuance of money [supplying more than necessary to provide just the right amount of the medium of exchange to make the economy [global as well as local] function with stable prices, has now had a long history one likely to get longer too.Read full article... Read full article...
Saturday, September 01, 2007
Commodities Pause in Upward Climb / Commodities / CRB Index
By: Donald_W_Dony
KEY POINTS:• CRB pauses again in upward path. 320 offers stiff resistance
• Oil reaches seasonal high in August. Slow drift to 4th qt. low in motion
• Natural gas should begin short period of stronger demand in September
• Copper weakens with drop below support level, drifts to $3.00
• Gold to test $650 support level in September of deterioration.
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Friday, August 31, 2007
Silver Bull Market Shows Alarming Technicals / Commodities / Gold & Silver
By: Zeal_LLC
Commodities and commodities-stock speculators have had quite a rough-and-tumble last full month of summer. In a season where the markets typically hold traders in a mire of malaise, various extraneous events have awoken the volatility beast making for an exciting August.
With general stocks retreating from record-high levels in mid-July, commodities stocks have transcended general stock losses and have temporarily bucked the historically-inverse correlation with general-stock bears. Precious-metals-stock traders in particular have endured a session of wailing and gnashing of teeth. Key tactical support levels of the venerable HUI gold-stock index were sliced through like a warm knife through butter.
But though the commodities stocks have taken some abuse of recent, this fearful selling is seemingly just shaking out the over-leveraged and weak-handed traders. Far too often traders forget that volatile consolidations are par for the course within commodities bulls. All this activity might just be the final rebalancing of sentiment so a powerful new upleg can emerge.
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Thursday, August 30, 2007
Gold Dips Against US Dollar But Gains for European Investors / Commodities / Gold & Silver
By: Adrian_Ash
Gold Dips Against US Dollar But Gains for European Investors as Bank of England Lends $3.2 Billion in Emergency Funds
SPOT GOLD PRICES dipped against the US Dollar as London reached lunchtime on Thursday, giving back an initial rally above $666.50 to trade at the day's low of $664.65 per ounce.
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Wednesday, August 29, 2007
Resource Investors – Keep Your Eyes on the Prize / Commodities / Gold & Silver Stocks
By: Dudley_Baker
Investors continue to experience losses in their portfolios due to the recent market fears.
We continue to remind ourselves, as should all investors in the natural resource sector, that the big picture has not changed and the reasons and arguments for these investments are as sound today, if not more so. Corrections will come and yes, they will go, leading us to another great rally. But obviously that day not yet arrived. Patience and focus is essential for all of us at this time.
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Wednesday, August 29, 2007
GOLD THOUGHTS - How Big will the US Housing Market Losses Be? / Commodities / Gold & Silver
By: Ned_W_Schmidt
The question seems to have changed. No longer does the question deal with whether or not U.S. housing market has bottomed. It has not. Now the question is far different. The depth of the U.S. mortgage market collapse is the question. How big will be losses? Which hedge fund will be next to burst into flames? In Germany, U.S. mortgage market collapse is likely to force a near complete structuring of banking industry. In the U.S., pink slips seem to be the primary output of housing and mortgage markets. The giant liquidity abyss created by this financial fantasy, and values were indeed a fantasy, is forcing central banks to sell U.S. government and agency debt. In the past three weeks, they sold more than $24 billion. U.S. dollar has massive overhead supply that will depress it for years.Read full article... Read full article...
Wednesday, August 29, 2007
Spot Gold Prices Rally in London as Asian Stocks Dive, Eurozone Money Supply Surges / Commodities / Money Supply
By: Adrian_Ash
SPOT GOLD PRICES rallied in the first-half of London trade on Wednesday, adding $4 per ounce from the overnight low to hit $666 after Asian stock markets ended the day sharply lower.
A UK hedge fund said it may have to liquidate $6 billion in assets due to the ongoing global credit crunch. The European Central Bank announced that growth in its M3 measure of the Eurozone's money supply surged to a quarter-century record in July, rising by 11.7% from a year earlier compared with 10.9% growth in June.
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Tuesday, August 28, 2007
Gold Investments Market Update / Commodities / Gold & Silver
By: Mike_Clark
Mark O'Byrne writes: Spot gold was trading at $668.00/668.50 an ounce as of 1215 GMT.Gold has traded sideways to slightly up in Asia and Europe after yesterday's very slight sell off.
Previous resistance at $660 is now the first level of support and very strong support is seen at $640. The next level of resistance is at $675 which we believe will be challenged in the coming weeks in gold's seasonally strong period.
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Tuesday, August 28, 2007
Gold, Newmont Mining Rising Out of Double Bottom / Commodities / Gold & Silver Stocks
By: Mike_Paulenoff
Instead of reviewing spot gold, or the streetTRACKS Gold Shares (NYSE: GLD) today, let's have a look at Newmont Mining (NYSE: NEM), which is the second largest component of the GDX (Market Vectors Gold Mining ETF).Read full article... Read full article...