Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
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...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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!
Read full article... Read full article...
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.
Read full article... Read full article...