Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Friday, January 18, 2013

Gold Price Setting Up for a Massive Breakout in 2H 2013 / Commodities / Gold and Silver 2013

By: Jordan_Roy_Byrne

This piece expounds upon what we covered last week. In that piece, regarding Gold, we concluded:

If Gold is able to firm up here and now then it has a good shot to rally back to $1750-$1800 over the next few months. If we get the bullish scenario and a fundamental catalyst shift then expect Gold to break past $1800 in Q3. That would mean that Gold consolidated for two years which would be its longest consolidation on record. The longer the consolidation, the more explosive the breakout.

Friday, January 18, 2013

How Green Are Gold's Blue-Chip Mining Stocks / Commodities / Gold and Silver Stocks 2013

By: Casey_Research

Andreay Dashkov writes: Disenchanted with gold's lackadaisical performance over the last year, some investors are losing interest in the equities that are supposed to provide leverage to the metal's price movements. The press has added fuel to the fire by increasingly attacking gold-mining CEOs for rising production costs and weak stock prices. This has driven some investors to pursue ETFs or other vehicles as a replacement for gold stocks, while others have simply thrown their hands up and left the precious-metals space. Is this overreaction or rational decision-making?

Friday, January 18, 2013

Hugo Chavez: Dictator vs. Gold Investors / Commodities / Gold and Silver Stocks 2013

By: Dudley_Baker

What’s really happening in Venezuela with gold properties?

Is Chavez, alive or dead? Will he return? How will these answers affect the gold properties in Venezuela?

From our friends at ResourceInvestingNews.com they reported in a January 7, 2013 article:

“Chavez seized 988 companies between 2002 and August 2011, according to a report from Conindustria, a Venezuelan industry chamber. He also nationalized the country’s gold mines in September 2011. At the time, the biggest foreign miner operating in Venezuela was Rusoro Mining (TSXV:RML), which had two producing mines in the country, along with 10 exploration properties. The seizure sent Rusoro’s stock tumbling 16.7 percent on the day the announcement was made, according to Mining.com.

Thursday, January 17, 2013

German Gold Panic, What Do German Central Bankers Know That We Don’t? / Commodities / Gold and Silver 2013

By: Graham_Summers

Ben Bernanke and the rest of the US Federal Reserve bet the farm that they could engage in countless monetary interventions, keep interest rates at zero, and print over $2 trillion in new money without damaging the US’s credibility.

They were wrong. Indeed, Germany just fired a major warning shot to the US Federal Reserve.

On Monday, Germany announced that it will be moving a significant portion of its Gold reserves out of storage with the New York Fed and moving them back to Germany.

Thursday, January 17, 2013

Germany Is Bringing It's Gold Back Home, You Should Too! / Commodities / Gold and Silver 2013

By: DailyWealth

Dr. Steve Sjuggerud writes: Germany wants its gold back...

The European nation wants to bring home 300 tons of gold currently held at the U.S. Federal Reserve and all 374 tons held at the Banque de France.

Why does Germany want all of its gold OUT of France? Legendary investor Bill Gross has a thought about that... On Twitter, he asked, could it be that "central banks don't trust each other"?

Thursday, January 17, 2013

German Gold Story Distracts from Supply & Demand Data, $1900 Forecast by July / Commodities / Gold and Silver 2013

By: Adrian_Ash

DOLLAR gold prices were little changed in London on Thursday morning, holding above $1682 per ounce as world stock markets, commodities and bonds were little changed.

Silver also held in its tight 2-day range, trading just shy of $31.50 per ounce.

Priced in Euros, the gold price edged 0.5% lower as the single currency rose.

Thursday, January 17, 2013

Gold, Silver, and Real Assets to Shelter from The Coming Storm / Commodities / Commodities Trading

By: DeviantInvestor

What Storm?

• A hurricane of digital money created by central banks to purchase government debt and other dodgy assets from banks.
• A tidal wave of deficit spending by governments around the world. It continues, regardless of whether you call it business as usual, stimulus, payoffs, or bailouts.
• A perfect storm of derivatives – the weapons of mass financial destruction that continue to plague our financial system – but make $Billions (Maybe $Trillions) in profits for the huge banks.
• A tornado of bailouts, giveaways, loans, and currency swaps from the Federal Reserve to backstop banks, politically connected individuals and corporations, European governments and others.
• An approaching thunderstorm of new and higher taxes – perhaps a carbon tax, a VAT, and a wealth tax. We hope most of these will be downgraded to a hot air disturbance.
• A tsunami of Japanese Yen based on the election of Prime Minister Abe and his avowed intention to weaken the Yen

Thursday, January 17, 2013

Germany's Gold Repatriation Unlikely To Assuage Public Concerns / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,683.25, EUR 1,260.11, and GBP 1,050.85 per ounce.
Yesterday’s AM fix was USD 1,679.75, EUR 1,262.78 and GBP 1,047.55 per ounce.

Silver is trading at $31.53/oz, €23.68/oz and £19.75/oz. Platinum is trading at $1,687.50/oz, palladium at $725.00/oz and rhodium at $1,125/oz.

Wednesday, January 16, 2013

Bundesbank Repatriates Gold From Federal Reserve and France Ahead of Systemic Crisis / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,679.75, EUR 1,262.78 and GBP 1,047.55 per ounce.
Yesterday’s AM fix was USD 1,681.00, EUR 1,257.67 and GBP 1,045.92 per ounce.

Silver is trading at $31.17/oz, €23.59/oz and £19.78/oz.
Platinum is trading at $1,671.50/oz, palladium at $706.00/oz and rhodium at $1,125/oz.

Wednesday, January 16, 2013

Gold Cycle "Could Turn This Year" Says Goldman Sachs / Commodities / Gold and Silver 2013

By: Ben_Traynor

THE DOLLAR gold price eased back below $1680 an ounce Wednesday morning, though it remained well within its trading range for the past month, while stock markets extended their losses for this week and US Treasuries gained.

Silver hovered around $31.30 an ounce for most of this morning, also in line with its recent trading range, while other commodities were similarly flat.

Wednesday, January 16, 2013

Platinum Overtakes Gold at Last / Commodities / Platinum

By: Adrian_Ash

Platinum just rose above the gold price for the 1st time in 10 months...

And so, as if to mark the end of the Trillion-Dollar Coin nonsense, platinum just did something it hasn't managed in nearly a year.

Its price rose above the price of gold Tuesday morning for the first time since mid-March 2012.

Tuesday, January 15, 2013

What Will Gold Do in 2013 / Commodities / Gold and Silver 2013

By: Jeff_Clark

As we turn the calendar over, there are probably two dominant questions on the minds of most precious-metals investors: Will gold and silver have a better year than the last two? And will gold stocks finally break out of their funk?

2012 was an interesting year for our favorite metal. On one hand, gold was up only single-digit percentages for the second consecutive year: 8.3%, after rising just 9.1% in 2011. It was also outperformed by the S&P 500 Index, though this was the first time since 2004 and only the third since 1999. On the other hand, the price has now risen 12 consecutive years, overshadowing most other bull markets in modern history.

Tuesday, January 15, 2013

Three Reasons Why the Energy "Experts" are Wrong / Commodities / Energy Resources

By: Money_Morning

Dr. Kent Moors writes: Last week, another batch of oversimplifications attempted to explain a significant decline in energy stocks.

Excuses ranged from declining demand to shale oil and gas gluts. Others pointed toward a general market Armageddon.

But you and I know better than to believe this hype.

Tuesday, January 15, 2013

Bundesbank Looking to Take Gold Back to Germany / Commodities / Gold and Silver 2013

By: Ben_Traynor

SPOT MARKET prices for gold bullion rose to a two-week high above $1680 an ounce Tuesday morning in London, before dipping back to just below that level before lunchtime, while stocks and commodities were slightly down on the day and the US Dollar ticked higher, with US policymakers continuing to disagree on fiscal matters.

"Gold is still expected to stay above the $1625 January low," says Commerzbank senior technical analyst Axel Rudolph, "but looks to be short-term range bound."

Tuesday, January 15, 2013

Japanese Yen Falls To Lowest Price Against Gold Since 1980 / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,681.00, EUR 1,257.67 and GBP 1,045.92 per ounce.
Yesterday’s AM fix was USD 1,667.75, EUR 1,246.82 and GBP 1,034.39 per ounce.

Silver is trading at $31.14/oz, €23.48/oz and £19.49/oz. Platinum is trading at $1,690.50/oz, palladium at $704.00/oz and rhodium at $1,125/oz.

Tuesday, January 15, 2013

Gold Investor Sentiment Plunged to 12 Month Low / Commodities / Gold and Silver 2013

By: GoldSilverWorlds

Financial Tap writes: More of the same unresolved and non-committal action out of the precious metals markets this past week.  Once again gold has reached a junction which should provide us with a road-map for where gold is headed in the immediate future.  One fork at this junction, the bullish fork, we’re looking at this as just Day 7 of a brand new Investor Cycle.  If this were the path gold has taken, then gold must break $1,696 next week.  But taking the bearish fork has us still in a 5th Daily Cycle, with multiple possibilities with regards to the actual Daily Cycle count (Day 7, 18, and 25 possible).

Monday, January 14, 2013

Why Gold and Silver Correlations Should Be Constantly Monitored / Commodities / Gold and Silver 2013

By: P_Radomski_CFA

Correlation is a useful measure - it helps us make predictions about a variety of events. But it's also a bit tricky - while there are relationships that seem stable (such as the fact that rich people tend to spend more on luxury goods than the less wealthy), there are some that do experience some volatility. These require special caution, as relying blindly on what was seen in the past without checking whether it is still true can lead to disaster.

Monday, January 14, 2013

Why You Shouldn’t Sell Crude Oil / Commodities / Crude Oil

By: InvestmentContrarian

George Leong writes: When oil prices recently fell to below $80.00, I said don’t sell.

The U.S. Energy Department increased its projections for crude oil prices for this year, adding that global oil consumption will rise to a record high in 2013. (Source: “U.S. Energy Department Raises 2013 Oil Forecast,” Bloomberg, January 8, 2012.)

Monday, January 14, 2013

Does Bank Of England Hold Euro 235 Million Of Irish Gold Reserves? / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,667.75, EUR 1,246.82 and GBP 1,034.39 per ounce.
Friday’s AM fix was USD 1,669.50, EUR 1,258.29 and GBP 1,036.25 per ounce.

Silver is trading at $30.88/oz, €23.24/oz and £19.31/oz. Platinum is trading at $1,665.00/oz, palladium at $705.00/oz and rhodium at $1,150/oz.

Monday, January 14, 2013

Physical Delivery Needed in Agriculture & Energy Markets / Commodities / Commodities Trading

By: EconMatters

“Risk On” Mode

It is pretty obvious that there is a lot of liquidity in the system, with the Fed`s loose monetary policy, extremely low interest rates, and traders in all out “Risk On” mode with regard to their two favorite funding currency crosses in the EUR/USD and USD/JPY. Traders are banging every asset class except for the Metals into the close, pushing asset classes up overnight with the futures contracts on a regular basis, and it is definitely a “Risk On” environment in the markets.