Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, September 18, 2007
Gold: Is the US Interest Rate Cut Built In? / Commodities / Gold & Silver
By: Bob_Kirtley
The consensus appears to be that the Federal Reserve will announce a rate cut at today's meeting of the FOMC. As gold bugs we expect this action to be negative for the US Dollar and therefore positive for gold, or is it?Read full article... Read full article...
Monday, September 17, 2007
Gold Safehaven as Northern Rock Potential Bust Impacts Financial Markets / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $710.30/710.80 an ounce as of 1215 GMT after last week's more than 1% price increase.
Gold has risen in Asia and early European trading and safe haven buying on Northern Rock and wider financial market jitters are likely to be supportive of the price despite gold looking slightly overbought in the short term.
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Monday, September 17, 2007
Gold Strong on US Interest Rate Decision, Northern Rock Crash Continues / Commodities / Gold & Silver
By: Adrian_Ash
Gold Trades at 16-Month High Ahead of US Interest Rates Decision, Investment Banking Results, Inflation Data and Northern Rock Bail-Out
GOLD PRICES ROSE throughout the Asian session on Monday, putting the Spot Gold Price above $712 per ounce at the start of London trade – its highest weekly start since May 2006.
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Sunday, September 16, 2007
Gold Top Forming, Bearish Nearterm Outlook - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Well, it's been a good upside run for gold these past few weeks but it is starting to look like a top and possible lower prices ahead.
GOLD PRICES
If one looks carefully one can spot slightly different prices for gold in various media and internet sites, all quoted as prices on the same day. One should remember that gold prices come from different sources. There is the London price. There is the Hong Kong price. There is the Sydney price. But the price I use for my data is the New York Mercantile Exchange price. Even here one has many choices. You could use the “Cash” price or you can use the prices for any one of several futures contract months. I like to use the source that has the most trading activity to obtain the best idea of where the professionals, traders, speculators and the like are operating with their money.
Sunday, September 16, 2007
Crude Oil and Value of Technical Analysis / Commodities / Crude Oil
By: Joseph_Russo
Before we get to our weekly briefing on the major market indices, we thought it appropriate to explore the following:
What value might traders and investors place on technical market analysis?
The answer depends upon a few basic variables.
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Sunday, September 16, 2007
Bullish Precious Metals, Crude Oil, and Gold Stocks / Commodities / Elliott Wave Theory
By: Robert_McHugh_PhD
As the Fed hyperinflates, sacrificing the Dollar to bail out a deteriorating economy, precious metals and Gold stocks are benefiting. Gold and the HUI are close to bullish breakouts.
Gold finished the Minor degree wave 3 of Intermediate degree 1 up on May 12th at $730.40. Gold 's Minor degree wave 4 is a Symmetrical Triangle , which is a consolidation pattern of the Minor degree wave 3 rally that started back in 2001 and extended into the May 12th, 2006 top. Waves a through e within wave 4 are complete. A break above $730 would confirm that the triangle is complete, and wave 5 up is underway, and would be a “buy” signal. We came close to that level this past week.
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Sunday, September 16, 2007
Gold and Silver Analysis - Precious Points: Old Number 7 / Commodities / Gold & Silver
By: Joe_Nicholson
“The weekly chart in the yellow metal shows a little more room to run as price rockets upward from the 5-week moving average. Though silver closed above the 50-day sma, the vibration around this level suggests it could be retested early next week, with $12.60-12.65 probably providing good support. A positive test would clear the path for $13.00, which should prove formidable.” ~ Precious Points: Sustainable Growth? , September 9, 2007Read full article... Read full article...
Sunday, September 16, 2007
Investing in Liquid Natural Gas as the Next Energy Growth Story / Commodities / Natural Gas
By: Elliot_H_Gue
Budapest , Hungary - Cruising along the Danube River in central Europe this week, I've passed through several rapidly growing economies in the former Eastern Bloc, including Hungary and Slovakia.
Having visited Eastern Europe on several occasions in the past decade, it's amazing to see just how modern and developed these countries are becoming. Consumers now walk the streets chatting on mobile phones and sporting the latest Italian fashion just as in the big Western European capitals. Meanwhile, prime real estate in the center of a major capital like Budapest or Prague has seen dramatic price inflation in recent years, with property prices now approaching the levels of some US and European cities.
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Friday, September 14, 2007
HUI Gold Bugs Index Upleg Cycles / Commodities / Gold & Silver Stocks
By: Zeal_LLC
Remember the brutal first hour of trading on August 16th? That was the fateful day when a mini-panic ripped through gold stocks like a tornado. The HUI plunged 10% in the first hour of trading and some high-potential smaller gold stocks plummeted over 25%! For leveraged PM-stock speculators, it felt like Armageddon.
Sentiment that morning was about as bad as it has ever been in this precious-metals bull. Gold and silver miners were loathed and calls for much deeper lows abounded. Yet just 15 trading days later, gold powered above $700 for the first time since May 2006. This gold breakout drove a strong PM-stock surge and the HUI quickly shot above its pre-August-mini-panic levels.
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Friday, September 14, 2007
Gold Continues to Consolidate After Recent Rally / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $706.00/706.50 an ounce as of 1215 GMT after yesterday's 0.5% price decrease.
As anticipated, gold has continued to consolidate after its recent price surge. None of the fundamental factors which led to gold's recent price surge have gone away. Oil and the dollar remain near record highs and lows respectively. The U.S. dollar is trading at 79.61 at 1200 GMT and has clearly broken down below massive long term support at 80. It is now in uncharted territory technically and with the FOMC meeting next Tuesday expected to result in a drop of at least 25 basis points, the USD looks likely to remain under serious selling pressure.
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Thursday, September 13, 2007
Free Access to Premium Elliott Wave Commodity Forecasting Resources / Commodities / Elliott Wave Theory
By: Sarah_Jones
We have great news from our friends at Elliott Wave International (EWI) … a FreeWeek of EWI's Commodity Forecasts is live until Wednesday, September 19 at noon EDT!
If you've participated in one of their FreeWeeks before, you know what to expect. If this is your first time, you're in for quite a treat!
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Thursday, September 13, 2007
Gold Bull Market Exploding Higher! / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: The spot price of gold has just hit $716. In the futures market, the December contract reached as high as $723.50.
But no matter how you measure it, the precious yellow metal — the ultimate form of money — has blasted through its recent highs … catapulted above the $700 barrier … and is now clearing a path that could take it virtually straight to $1,000 an ounce.
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Thursday, September 13, 2007
Commodity Markets Update - Gold Takes a Breather From Recent Price Surge / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $706.00/706.50 an ounce as of 1215 GMT after yesterday's 1.5% price increase.
Gold has been taking a well earned breather after its recent price surge. However, given that the dollar remains under serious pressure and oil remains near all time record highs and neither are expected to reverse these trends in any significant way, gold is well supported. With the record oil price, surging wheat price and an increasing realisation that there is a long term structural trend toward higher soft commodity and food prices while economic growth is stagnating, it is obvious that a new form of stagflation is rearing it's ugly head.
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Thursday, September 13, 2007
Gold Warning - Gold's Credit Crunch Dilemma / Commodities / Gold & Silver
By: Brian_Bloom
The following two charts (both 3% X 3 box reversal charts speak louder than words.
The first chart is that of the $XAU. It has given a low pole reversal (bullish) signal, but is still, technically, in a bear trend.
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Thursday, September 13, 2007
Gold Dips to $705 but "Only Needs One Buyer to Start the Race Higher" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped to a two-day low in London on Thursday morning, dropping more than $7 per ounce to bounce off $705.20.
"We've seen quite an astonishing move up," said Frederic Panizzutti of the Swiss refinery MKS Finance to Bloomberg earlier. He believes it's led to "several waves" of selling as investors take quick gains.
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Wednesday, September 12, 2007
Macro Musings: Crude Oil and Gold Commodity Milestones / Commodities / Gold & Silver
By: Justice_Litle
I have the ability to imagine configurations of the world different from today, and really believe it can happen.
-- legendary hedge fund manager Bruce Kovner
TODAY WE MUSE on gold, but the discussion begins with oil. (With crude hitting nominal contract highs and the yellow metal besting 16-month highs, it seems appropriate to combine the two.)
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Wednesday, September 12, 2007
Gold Is Breaking Out as It Disconnects from the Stock Markets / Commodities / Gold & Silver
By: Jim_Willie_CB
Four charts speak volumes, with only a few words to serve as captions. Ever since the lousy August Jobs Report came out (doctored to look better than the real situation), the gold picture has experienced a sea change. Gold is breaking out, not yet to new highs, but that is next. The gold price is not moving reasons offered in explanations. Anchors and interviewed guests fall short of adequate assessment. At the same time, denials persist on the huge damage to be doled out by the USDollar decline, as another round of systemic cost inflation will ensue.
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Wednesday, September 12, 2007
Gold Overbought - FOMC Interest Rate Cut Meeting Could Result in Short-term Selling / Commodities / Gold & Silver
By: Ned_W_Schmidt
U.S. trade deficit on goods and services for last month was reported as $59 billion. For another month $59+ billion of green paper was exported by the U.S. During same period central banks reduced their holdings of U.S. debt by $30+ billion. Those values, when taken together, mean that around the world $90 billion of green paper was sold, or not not bought, by central banks. Little wonder U.S. dollar has rediscovered downward path and Gold has risen. Just as business media was proclaiming Gold an unwise investment, the price rose to above US$700. Any interest rate cut in the U.S. will only add encouragement to dollar's demise, and initiate next wave in Gold Super Cycle.Read full article... Read full article...
Wednesday, September 12, 2007
Grain Bull Market - The Cartel in Your Cupboard / Commodities / Agricultural Commodities
By: Money_and_Markets
Sean Brodrick writes :Russia has asked Australia (among others) to join a group of grain-exporting nations that would seek to regulate production, much as OPEC regulates the production of crude oil.
An OPEC of grain sounds a bit odd. Visions of sheiks riding camels through Kansas wheat fields immediately come to mind. But Russia knows there is a lot of money to be made from grains. Fortunately, if you make the right moves, you also stand to reap profits as high as an elephant's eye.
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Wednesday, September 12, 2007
Gold Hits New 16-Month High vs. Dollars and Sterling ; London Press Fails to Notice / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES touched a fresh 16-month high in London early on Wednesday, but slipped $3 per ounce to trade at $711.29 as the US open drew near.
The AM Fix came in at $711.75 per ounce, the highest London Fix since 17th May 2006 .
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