Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Wednesday, March 06, 2013

Gold Eating the Dow for Breakfast / Commodities / Gold and Silver 2013

By: Adrian_Ash

How to get past money illusion now that it's day-break in America once again...

FORGET about the Apple effect. Not including AAPL in its 30 constituents is just one of the Dow Jones Industrial Average's many quirks.

So too is its ever-changing Dow divisor, a number seemingly picked at random to smooth out the math in the DJIA. But neither of these oddities changes the fact that this oddest of equity averages is hitting new all-time highs right now.

Wednesday, March 06, 2013

Raging Gold Bull and Disputed Propaganda / Commodities / Gold and Silver 2013

By: Jim_Willie_CB

The propaganda has turned openly laughable. On the popular major financial news networks, the recent decline in the so-called Gold price has prompted quite the parade of clowns on the ship of fools to trumpet nonsense. The widely published and posted Gold price is dominated by futures contracts, and thus as corrupted as meaningless. The entire global financial structure is crumbling before our eyes. The gang of central bankers has applied their monetary policy for four and a half years since the implosion of Lehman, Fannie Mae, and AIG. The first is dead, while the second has transformed into a sanctioned subprime lender again, and the latter is a sinkhole. The deceptive messages are shrill, acute, and motivated from desperation.

Wednesday, March 06, 2013

The Mexican standoff: Gold, Banxico and the Bank of England / Commodities / Gold and Silver 2013

By: Jan_Skoyles

Late last month it was reported that Mexico are going to organise an audit of their gold stored at the Bank of England.

Financial journalist Guillermo Barba, writes that that the Mexican Superior Audit of the Federation (“ASF” in Spanish) has made an official ‘recommendation’ that the Bank of Mexico “should “make a physical inspection with the counterparty that has the gold under its custody, in order to be able to verify and validate its physical wholeness and the compliance with the terms and conditions of dealing with this Asset…” It was verified by the ASF that this has never been done by Banxico.”

Wednesday, March 06, 2013

Gold Contrarian Bullish Indicator / Commodities / Gold and Silver 2013

By: InvestmentContrarian

Sasha Cekerevac writes: The recent pullback in gold has certainly unnerved long-term investors. It has also seen a dramatic shift in market sentiment. However, recent data shows that this shift in market sentiment has primarily come from shorter-term institutional funds.

When considering gold as an investment, one must consider the timeframe as well as the underlying participants in the market. Market sentiment for every asset class oscillates from overly optimistic to overly pessimistic. The goal for the long-term investor is to use this volatility to accumulate during overly pessimistic times and take profits during overly optimistic times.

Wednesday, March 06, 2013

Peak Oil Is Almost Here and There's No Magic To Counter It / Commodities / Crude Oil

By: OilPrice_Com

This where we stand, and it's a fairly bleak view: Peak oil is almost here, and nothing new (with the possible but unlikely exception of Iraq) is coming online anytime soon and while the clock is ticking - forward movement on developing renewable energy resources has been sadly inadequate. In the meantime, the idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype. There are no easy solutions, no viable quick fixes, and no magic fluids. Yet the future isn't all doom and gloom - certain energy technologies do show promise. We had a chance to speak with well known energy expert Dave Summers where we cut through the media noise and take a realistic look at what our energy future holds.

Wednesday, March 06, 2013

Surprising New Paradigm in the Gold and Silver Markets! / Commodities / Gold and Silver 2013

By: Rambus_Chartology

How many times have we heard that the precious metals stocks are so oversold and cheap that they can’t go any lower and have to rally. They just can’t go any lower because the low in 2008 was the absolute low that will never be hit again as it was just an extraordinary event. A precious metal stock crash that was a once in a lifetime thing. So based on that low many PM investors bought their precious metals stocks thinking they were buying on the cheap. I’m wondering if they still think the precious metals stocks were a good buy at that 2008 crash low in the ratio charts?

Wednesday, March 06, 2013

U.S. Dollar Top, Gold, Commodities Bottom / Commodities / Commodities Trading

By: Toby_Connor

While I suspect this is probably the furthest thing from what most investors expect, I think the dollar index is very close to forming another major top, and once it does it should release oil, gold and the rest of the commodity index from their extended corrections. Granted no one believed me when I called the major three year cycle low in the CRB last summer either.

As you can see in the next chart, as soon as the dollar began to rally out of its last intermediate bottom, commodities, including oil and gold, all began to move down into major intermediate degree declines. For gold this has turned out to be one of the most difficult yearly cycle lows of the entire bull market, other than the eight year cycle low in 2008.

Wednesday, March 06, 2013

Gold Price "Tug of War" as Asians Buy Physical and ETF Investors Sell / Commodities / Gold and Silver 2013

By: Ben_Traynor

U.S. DOLLAR prices to buy gold hovered around $1575 per ounce Wednesday morning in London, in line with last week's close, as dealers in Asia reported an increase in demand for physical bullion, in contrast with exchange traded funds, which have continued to see selling, in what one analyst calls a "tug of war" between physical buying and ETF selling.

"Short-term, gold should drift lower to the short-term support line at $1569/65 or even to the previous low at $1555," say technical analysts at Societe Generale.

Wednesday, March 06, 2013

Dow Down 50% Against Gold Since Last Record Dow in October 2007 / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,574.00, EUR 1,207.98 and GBP 1,043.42 per ounce.
Yesterday’s AM fix was USD 1,584.25, EUR 1,214.82 and GBP 1,044.33 per ounce.

Silver is trading at $28.68/oz, €22.10/oz and £19.09/oz. Platinum is trading at $1,596.70/oz, palladium at $736.00/oz and rhodium at $1,200/oz.

Tuesday, March 05, 2013

Yes, Gold Prices ARE Being Manipulated, Here's What To Do About It / Commodities / Gold and Silver 2013

By: Money_Morning

Keith Fitz-Gerald writes: If you've ever suspected gold prices are being manipulated, you're not alone--and you're right, they are.

Against the backdrop of fiscal mismanagement, political incompetence, and failed austerity measures, the world's biggest traders have all bet heavily on gold. Lately, they've been pulling out all the stops to get what they want while laughing all the way to bigger bonuses.

Tuesday, March 05, 2013

SPDR Gold Trust (GLD) Sees Longest Ever Run of Gold Outflows / Commodities / Gold and Silver 2013

By: Ben_Traynor

U.S. DOLLAR gold prices climbed to $1584 an ounce Tuesday morning, 1.2% above last week's low, as stocks and commodities also edged higher and the Dollar weakened slightly after another Federal Reserve policymaker spoke in favor of ongoing quantitative easing.

Silver hovered just below $29 an ounce this morning, 3.5% up on last week's low, while major government bond prices fell.

Tuesday, March 05, 2013

Record Silver Eagle Sales - SocGen Say Silver “Cheaper Alternative To Gold” / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,584.25, EUR 1,214.82 and GBP 1,044.33 per ounce.
Yesterday’s AM fix was USD 1,578.00, EUR 1,214.13 and GBP 1,049.06 per ounce.

Silver is trading at $28.93/oz, €22.30/oz and £19.16/oz. Platinum is trading at $1,588.50/oz, palladium at $722.00/oz and rhodium at $1,200/oz.

Tuesday, March 05, 2013

Gold and Interest Rates Direction of Travel / Commodities / Gold and Silver 2013

By: Adrian_Ash

Yes, the real rate of interest matters to gold. But not as much as its direction...

Wall Street and the City are coming to decide that gold is a sell. Because interest rates, they reason, are set to rise sooner than they used to imagine.

This professional money is only half-wrong. Central banks aren't about to hike the returns on cash savings, which have been a wasting asset pretty much non-stop since 2007.

Tuesday, March 05, 2013

Junior Gold Stocks Best Buying Opportunity in Four Years...Possibly Ever / Commodities / Gold and Silver Stocks 2013

By: Jeff_Berwick

There is an old saying: to “pound the table”. It essentially means to vehemently assert one's position. I rarely pound the table. I am, as of today, pounding the table!

I am talking about the junior gold stocks. Gold stocks in general, but especially the juniors.

To preface, those of you invested in these securities in 2008 remember the worst crash of all time: the crash of the junior gold stocks from a high on the TSX-Venture exchange (where most are traded) of over 3,000 to under 700 in less than a year.

Tuesday, March 05, 2013

Central Bankers Are Gaming Gold / Commodities / Gold and Silver 2013

By: The_Gold_Report

Some people may look at the stock market and see economic recovery. Eric Sprott of Sprott Asset Management and Sprott Money looks at myriad other economic indicators and sees an economy still in decline. Despite his suspicions that central banks are keeping gold prices artificially low, he tells The Gold Report that he favors gold, platinum, palladium and especially silver, over the near and long term.

The Gold Report: The price of gold has dipped under $1,600/ounce ($1,600/oz); silver is below $30/oz. Is this a case of living by the sword and dying by the sword, where precious metals prices only go up in a bad economy and are doomed to languish when things go well?

Monday, March 04, 2013

Silver Prices Defy the “Law of Supply and Demand” / Commodities / Gold and Silver 2013

By: DeviantInvestor

Mike McGill writes: Let’s begin with a definition. Investopedia.com defines the Law of Supply and Demand as follows:

The effect that the availability of a particular product and the desire (or demand) for that product has on price. Generally, if there is a low supply and a high demand, the price will be high. In contrast, the greater the supply and the lower the demand, the lower the price will be.

Monday, March 04, 2013

China’s $3.3 Trillion FX Reserves Could Buy All World’s Gold Twice / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,578.00, EUR 1,214.13 and GBP 1,049.06 per ounce.
Friday’s AM fix was USD 1,570.00, EUR 1,203.99 and GBP 1,043.74 per ounce.

Silver is trading at $28.75/oz, €22.11/oz and £19.20/oz. Platinum is trading at $1,584.25/oz, palladium at $719.00/oz and rhodium at $1,200/oz.

Monday, March 04, 2013

Gold Upside "Limited" Despite Comex Repositioning / Commodities / Gold and Silver 2013

By: Ben_Traynor

THE SPOT gold price dropped to $1575 per ounce Monday morning in London, broadly in line with where it ended last week, while stocks ticked lower and the Euro held steady near two-month lows against the Dollar ahead of this Thursday's European Central Bank policy meeting.

"For gold, the trending and momentum indicators are pointing lower," says a note from UBS, "indicating any upside in the near-term must be limited."

Monday, March 04, 2013

Reasons to Sell Gold and Silver Now / Commodities / Gold and Silver 2013

By: Shelby_H_Moore

Sell or hedge a portion of your physical. Sell all mining stock asap.

Gold may dive below $1200 and silver below $21 ($1400 is very likely), due
to fact that USA $1.2 trillion fiscal cuts are going to occur. Obama wants
to use this to make the public hate the Republicans, so he can get a
majority in Congress at the mid-term elections, so then he can run the
country like a dictatorship his last 2 years.

Monday, March 04, 2013

A detailed look at Bank of England Gold / Commodities / Gold and Silver 2013

By: Alasdair_Macleod

The London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central banks. There are a number of historical reasons the Bank has this privileged role, but the most important are that the Bank is trusted, and it oversees the largest bullion market by far. Therefore a significant portion of the world’s monetary gold should be stored at the Bank of England.