Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, May 28, 2007
Gold and Silver Analysis - Precious Points: No Lack of Support / Commodities / Gold & Silver
Oroborean writes: This week saw a full cycle in the 60-min gold trend cycle chart and, as warned, the move up did not see a dramatic increase in price. This, of course became it's own warning signal. Stocks and metals both saw a pullback on Thursday that had most major indices breaking through long-standing trendlines and the 60-min gold chart racing back towards the bottom.Read full article... Read full article...
Sunday, May 27, 2007
Weekly Gold and Silver Technical Analysis Report - 27th May 2007 - Technically Precious with Merv / Commodities / Gold & Silver
Gold just keeps moving one day up and another day down, but in the end, mostly down. Is there an end?
GOLD : LONG TERM
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Friday, May 25, 2007
Silver Stocks on the Rise / Commodities / Gold & Silver Stocks
While we await silver to press onto new highs, what is the current situation with silver mining stocks? If you go to Yahoo! Finance, you will find various indices to represent various mining companies with an emphasis on gold such as the HUI and the XAU. You will of course be able to check up on your favourite silver stock but there is no silver stock index one can consult. For that reason, I formulated my own Silver Analyst Stock Composite index or the SASC index for short. Its chart for the last 5 years is shown below being a composite of 14 well known stocks with a silver background. The 50 day and 200 day moving averages are also shown in red and green.Read full article... Read full article...
Friday, May 25, 2007
Fade the Futures Gurus, Gold Futures CoT 2 / Commodities / Gold & Silver
Adam Hamilton writes: I have loved reading my entire life, so when I am not studying the financial markets one of my favorite pastimes is reading great fiction. My favorite genre these days is the rich adventure/action stories spun out by brilliant authors like Clive Cussler, Jack Du Brul, and James Rollins. A good book makes even the very best movies seem like shallow grade-school plays by comparison.
Adventure stories often have history woven in as the heroes chase after some priceless artifact. Usually some ancient priest-type caste existed that hid the artifact away to protect it from a calamity in the past so our heroes can unlock its secrets in the present. These historical priests often used special knowledge that only they had, usually scientific in nature, to cement their power in the society.
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Friday, May 25, 2007
Exelon VP Thanks Speculators for Uranium Price Rise / Commodities / Uranium
We thought by now we'd heard it all. But the quote which follows, given to us in a tape-recorded telephone interview by the man who obtains nuclear fuel for the largest nuclear utility in the United States, surprised even us.Read full article... Read full article...
Thursday, May 24, 2007
Silver Market Update : Silver Bull Set to Resume / Commodities / Gold & Silver
While looking weaker than gold at this time, silver is expected to turn up shortly for the same reason as gold - the inflationary implications of an impending sharp rise in the oil price – the expected breakout by oil from its large Head-and-Shoulders bottom formation will project it to a minimum target at $80.Read full article... Read full article...
Thursday, May 24, 2007
Gold and Silver - Yes, they do ring a bell! / Commodities / Gold & Silver
The challenge is to be able to hear it when it is ringing.
The good news is that the bells for silver and gold are starting to ring again! Initially only a few people can hear them. In this essay we will look for these bells, and check to find out if they are loud enough to excite those investors who like to ‘buy low and sell high'. After all before we can sell high, we must first buy low!
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Wednesday, May 23, 2007
Gold Market Update - Crude Oil Breakout Inflationary for Precious Metals / Commodities / Gold & Silver
Oil is now very close to breaking out from the large Head-and-Shoulders bottom that we had earlier identified, and from the look of the latest oil COT chart, on which the Commercials short positions have shrunk dramatically, it is close to doing so – and if it does it will be on its way to $80 minimum. Needless to say this will be inflationary, and thus bullish for Precious Metals. Should this breakout occur, it will radically improve the outlook for gold and silver.Read full article... Read full article...
Wednesday, May 23, 2007
Inside the Uranium Market’s Secret World / Commodities / Uranium
Mired in secrecy, the uranium market hopes to someday offer price transparency. To whom will this ‘real' uranium price become transparent? Industry insiders know well before the general investing public ever finds out.Utility fuel managers compete with a few handfuls of fuel brokers for the best price break. Utilities complain about the unwelcome speculators who've entered the market. and utility spokesman predict a long-term price about one-half of the US$122/pound price indicator announced in Nuclear Market Review this past Friday (another consulting service chose $125/pound for their ‘price indicator'). Some uranium miners forecast a price racing past $200/pound. Who is gaming whom? Or is this all part of the negotiations process between producers and end-users?
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Wednesday, May 23, 2007
A Uranium Investing Buffet in Texas / Commodities / Uranium
Sean Brodrick writes : I'm here in Corpus Christi, Texas for the U2007 Global Uranium Symposium, which started on Monday.
That night, we got a tour of the USS Lexington, known as "The Blue Ghost." It's a real piece of history — battling her way through World War II, the big ship survived a torpedo hit and even a kamikaze attack.
Of course, the Uranium Symposium is really about the future. And that's why the entire day was filled with fascinating presentations on my favorite white-hot metal. Heck, after the tour of the Lexington, we ate dinner on the ship and listened to another talk on uranium. Today, I want to tell you what I learned at this buffet of information.
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Tuesday, May 22, 2007
China's Battle for African Uranium / Commodities / Uranium
There is an ongoing global war for energy security, which appears to be politically inspired. China and Russia are the main opponents, especially in Africa, but have rivaled each other, over the past several years, in Central Asia. The goal for both nations is not only energy security but political influence and alliance over their targeted territories.As reported by the Wall Street Journal, Sunday night's revelations that China National Nuclear Corp (CNNC) may strengthen its ties to UraMin could represent a broader picture than an ordinary acquisition of a near-term uranium producer.
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Sunday, May 20, 2007
Gold and Silver Analysis - Precious Points: A Bounce is a Bounce / Commodities / Gold & Silver
“A continuation of reverses (signaling continued weakness) would most likely continue to trigger liquidation of large gold positions and put downward pressure on metals… What gold needs to get its groove back is a rebound in the economy with an uptick in inflation.” ~Precious Points: Don't Fear the Repo , May 13, 2007
The Fed continued reducing the money supply this week by failing to place as many dollars through repos as were removed at maturity. Not surprisingly then, metals continued their downward slide through the early part of last week.
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Sunday, May 20, 2007
Bee's Global Losses at 80% due to Global Warming and Impact of Peak: Oil, GDP and CO2 / Commodities / Climate Change
Recently, beekeepers have reported losses of up to 80% of their hives from various locations around the globe. Over the past month, there have been several different hypotheses proposed for the sudden disappearance of bees recently coined “Colony Collapse Disorder” (CCD):
Transmissions from cell phones might be killing bees http://news.independent.co.uk/environment/wildlife/article2449968.ece . Cell phones and their networks have been around for 20 years, so a sudden decline due to phones is highly improbable.
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Sunday, May 20, 2007
What's Next for Silver? / Commodities / Gold & Silver
So silver has once again renewed its acquaintance with the 200 day moving average and the dirges regarding the death of a silver bull renew their solemn chants.
Why the fear and concern amongst silver analysts and silver investors in general? Various indicators suggest a potential breakdown in prices with bearish connotations. Now that raises one or two questions themselves. For one, what constitutes the end of a bull market?
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Sunday, May 20, 2007
Weekly Gold and Silver Technical Analysis Report - 20th May 2007 - Technically Precious with Merv / Commodities / Gold & Silver
Wednesday was a decisive downside break below a 7 month up trend line. Is this the start of a new BEAR or is it just a continuation of a wide year long lateral trend?
SOME SURPRISING STATISTICS
This past Wednesday I had the pleasure of making a telecom presentation to the Calgary Chapter of the Canadian Society of Technical Analysts. The Topic was “GOLD – Invest/Speculate/Gamble, Decisions, Decisions”. I wouldn't go into the presentation here but I thought that you might be interested in some of the statistics that I had come up with in the process of putting the presentation together. The statistics involved a review of the performance of various Gold Indices over the past 11 years, encompassing one major bear and one major bull market. The Indices reviewed were grouped into their “quality” sectors of QUALITY, SPECULATIVE and GAMBLING. These were:
Saturday, May 19, 2007
Gold is Setting the Stage for Another Flat Summer / Commodities / Gold & Silver
Though Gold remains in a stable long-term up trend, there is some weakness building over the 2-3 weeks. Is this the beginning of another flat summer season? Technical evidence seems to be pointing in that direction.
Gold has been trading since mid-2006 in a series of gradual ladder steps upward. Each major low has progressed higher or at least equal to the last step. This is the normal pattern for a developing up trend. In the case of the last low in early March 2007 (see Chart 1)
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Saturday, May 19, 2007
Gold Spooked by IMF Sales Speculation - Gold Stock Valuations 4 / Commodities / Metals & Mining
This week the International Monetary Fund, which has long commanded the world's third largest official holding of gold bullion, once again made some noise about selling 400 tonnes of its gold. Such a sale would represent about an eighth of the IMF's total holdings, and as usual such tidings spooked the markets.
So far in its secular bull, gold has climbed 181% higher since April 2001. Interestingly, the IMF has been periodically announcing that it is considering gold bullion sales over the majority of this entire six-year span. The recurring threat of IMF gold sales is just another brick in the great wall of worries that gold has handily overcome.
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Friday, May 18, 2007
Gold Breaks Major Support Levels, So That's It for Gold? / Commodities / Gold & Silver
"...Golly – what a great market to short! And isn't it funny to think that gold just recorded fresh all-time highs against the world's major currencies..."
SO THAT'S IT in gold then. The bull market that peaked in May 2006 finally gave up the ghost this week.
At least, that's what Wall Street is saying. No wonder private investors are selling out, too.
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Thursday, May 17, 2007
Gold Immune to Debasement, Default, and Devaluation - The Golden Thorn in the Flesh - Part 2 / Commodities / Gold & Silver
Concluding Part of a Series of Two (The Dynamics of Deflation - The Golden Thorn in the Flesh - Part 1)
The topsy-turvy world of central bank gold sales
Here is a passage from my 1998 book entitled Gold and Interest that will soon be released as an e-book.
As these pages are written (late 1997), chrysophobes make much of the weak dollar-price of gold and of the fact that more central banks, including the Swiss, join the company of those that have been dumping gold on the market. In addition, self-styled experts on deflation submit that, while under an inflationary spiral gold hoards may have been a reasonable investment, gold is the worst possible place to be under a deflationary spiral.
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Thursday, May 17, 2007
The Bubbling Metals : Zinc, Copper, Aluminium, Uranium Silver and Gold / Commodities / Metals & Mining
The metals have been on a tear. The base metals have been rising sharply with several hitting new highs. Whether it's nickel, lead, copper, zinc or aluminum, they've all risen sharply while platinum soared to record highs. And it's not just the metals, the entire gold universe has been hot. Uranium continues to defy gravity as it jumped well above $100, while crude oil sits above the $60 level.
The stock market has been hot too. It's been getting most of the publicity as it keeps hitting record highs. And while the stock market is indeed bullish, over the past eight years the Dow Industrials is still down 58% compared to gold. So the percentage gains have simply been better in gold and the other metals.
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