Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, December 07, 2012
Gold Stocks Secondary Bottom Soon, Bullish Trend 2013 / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
I have to admit, I never saw the gold stocks correcting this much. After making a textbook double bottom and registering very strong momentum readings, I expected a relatively tame October correction to be followed by another leg higher into year end. I thought GDX would bottom at $49. Obviously I was wrong on all counts. It’s difficult to make predictions when they are about the future. Kidding aside, forecasts are only a guide or a potential road-map. No one can predict the future. However, we can assess risk, reward and probabilities. We think the current probabilities favor a secondary bottom in the gold stocks and very soon the risk/reward dynamic will be heavily in favor of longs.
Friday, December 07, 2012
Junior Gold Mining Sector Distressing for Investors / Commodities / Gold and Silver Stocks 2013
By: Bob_Kirtley
The theme running our mailbag this morning was one of distress as various investment strategies based around the performance of the junior gold mining sector appear not to be working out as planned. We will take a quick look at the GDXJ to see if we can discern any trends that may help us position our hard earned cash for future growth.Read full article... Read full article...
Friday, December 07, 2012
Gold, True Safe Havens Needed as Fed Monetizes Uncle Sam / Commodities / Gold and Silver 2012
By: Eric_McWhinnie
A financial safe haven is generally an instrument that is expected to hold or increase its value in the face of market turbulence. It is used by investors to reduce exposure to declines resulting from downturns in the market or economy. What is considered a safe haven can change depending on market conditions, but a few asset classes typically come to mind. In the current financial landscape, there is a growing need for true safe havens.
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Friday, December 07, 2012
Can Gold Keep Its Luster in 2013? / Commodities / Gold and Silver 2013
By: Clif_Droke
Gold took a double hit recently based partly on a news item from the rumor mill that a large fund in Asia was selling to "run the stops."
"The sale looks like a carefully crafted trade prepped and successfully executed by a well known $14b US fund," according to one source. "Prior to the sale there had been an unusually large purchase of gold 'puts' - a leveraged options play that profits from a downward spike in prices. There had also been some early selling on the overnight electronic platform presumably to test the waters before the big guns fired a devastating salvo."
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Thursday, December 06, 2012
Why did Central Banks Stop Selling Gold? / Commodities / Gold and Silver 2012
By: Julian_DW_Phillips
In 2009 the signatories of the Central Bank gold Agreement effectively stopped selling gold. This was just after signing the third Central Bank Gold Agreement which lasts until September 26th 2014. Why?
In 1999, the first of such agreements was signed by the U.K. and was called the Washington Agreement. It received the tacit blessing of the U.S.A. and Japan. This was followed by the signing of the Central Bank Gold Agreement, which ran from 27th September 2004 to the 26th September 2009. Ostensibly to accommodate the I.M.F.'s sale of 403 tonnes of gold on their own books, a third Central Bank Gold Agreement was signed to run from the 27th September 2009 to the 26th September 2014. Apart from the up-to 7 tonnes year of gold sales by Germany's central bank for the minting of gold coins, there have been virtually no sales of gold from the original signatories of their gold. In fact the previously announced sales (going back to the turn of the century) have not been fulfilled completely, even now. Once the I.M.F. completed their sales of gold, the absence of the developed world's central banks from the sale side of gold spoke volumes! How?
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Thursday, December 06, 2012
Gold: The Hidden Dangers? / Commodities / Gold and Silver 2012
By: MarketShadows
Courtesy of Dr. Paul Price : Extensive money printing (QE programs) have had many traders stocking up on Gold via ETFs, ETNs, physical coins & bars and through shares of precious metal mining companies. This urge to own hard assets in a soft money environment makes sense on an intuitive basis.
Thursday, December 06, 2012
Investors Ditching Before the Fiscal Cliff / Commodities / Gold and Silver 2012
By: Peter_Schiff
Turn on the TV and this is what you'll hear: The US budget is heading for a fiscal cliff. If a deal isn't reaching in Congress by the end of this year, a combination of automatic tax hikes and budget cuts will sink America into economic depression. There is no escape.
Thursday, December 06, 2012
How Will I Know When To Sell My Gold? / Commodities / Gold and Silver 2013
By: DeviantInvestor
NEVER sell your gold because you want to hold it for the rest of your life and pass it on to your grandchildren.
Or
Sell your gold NOW (big mistake – my opinion) if you believe that gold is in a bubble or never should have been bought (as per “gold-bashers” Warren Buffett and Charlie Munger).
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Thursday, December 06, 2012
"Mystery Gold Seller" Spied in Asia / Commodities / Gold and Silver 2012
By: Adrian_Ash
The GOLD PRICE traded in a narrow range around $1691 per ounce Thursday morning in London, rising slightly from yesterday's 1-month low.
Asian and European stock markets also ticked higher, as did US Treasury bonds.
Silver rallied to $32.78 per ounce after losing nearly 3% this week so far, but commodities more broadly slipped again.
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Thursday, December 06, 2012
Gold Set to Return to Run of Records in 2013 / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,693.00, EUR 1,295.14, and GBP 1,050.77 per ounce.
Yesterday’s AM fix was USD 1,703.00, EUR 1,300.79, and GBP 1,057.90 per ounce.
Silver is trading at $32.73/oz, €25.15/oz and £20.40/oz. Platinum is trading at $1,586.00/oz, palladium at $680.00/oz and rhodium at $1,045/oz.
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Wednesday, December 05, 2012
Pent-Up Potential for Gold and Silver in 2013 / Commodities / Gold and Silver 2013
By: The_Gold_Report
Debt, not the fiscal cliff, is what concerns Jason Hamlin, publisher of the Gold Stock Bull newsletter, and if his prediction of a split in the EU comes to pass, it will bolster the case for gold equities. He shares his preference for royalty streamers and prospect generators in the gold space and explains his attraction to graphite in this Gold Report interview.
TGR: Jason, you recently told your Gold Stock Bull readers that you had sold some equities. What were your reasons for selling?
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Wednesday, December 05, 2012
Gold Should Be Nearing A Major Bottom / Commodities / Gold and Silver 2012
By: David_Banister
The recent rally in Gold took the metal from the 1620’s to roughly 1800 per ounce before the ensuing corrective action began. Back around October 20th we warned our readers about a likely “ wave 2” correction in Gold and we had several reasons for that warnings. One of the biggest concerns we had was that the sentiment surveys were running very hot at the time. The percentage of professional advisors polled that were bullish on GOLD was 88%, with 7% neutral and only 7% bearish. Elliott Wave Theory is the foundation of our work, though we are sure to mix in other clues and elements to “fact check” our reads. When you see sentiment readings that high, coupled with a $180 rally leading up to those readings, you can begin to look for clues of a top.
Wednesday, December 05, 2012
Is a Global Gold Supply Crunch Forming? / Commodities / Gold and Silver 2012
By: Jeff_Clark
A number of market analysts and gold-industry insiders are warning about a possible shortage of gold supply. Barrick CEO Jamie Sokalsky recently stated that since gold production is inelastic (i.e., insensitive to price changes) there will be a very limited increase in supply from gold producers, even during sharp increases in the gold price. Rick Rule, a billionaire and avid gold investor, pointed out that while we're seeing spectacular demand, a number of issues will make supply very tight in the future, especially among retailers.
Wednesday, December 05, 2012
Why Gold Will Be the Super Commodity / Commodities / Gold and Silver 2012
By: InvestmentContrarian
George Leong writes: I’m tired of reading and talking about the so-called “fiscal cliff,” but it could spell dire consequences for the economy if it is allowed to go through (and even if not). The reality is that America needs to stop printing money with no regard for the massive national debt load. Allowing the debt to continue to rise will punish the country’s future generations.
Wednesday, December 05, 2012
Are the Russians on the Verge of a Major Arctic Oil Coup? / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
As I move into the main meetings here in Moscow, something unexpected has joined the conversations on oil prices, European pipeline prospects, liquefied natural gas (LNG) trading scenarios, and the prospects of unconventional shale.
That something is venture capital funding.
The Kremlin has developed several venture capital funds with potential state-supported investments amounting to at least $12 billion.
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Wednesday, December 05, 2012
Gold Is A Physical Safe Asset Says Central Bank of Korea / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,703.00, EUR 1,300.79, and GBP 1,057.90 per ounce.
Yesterday’s AM fix was USD 1,706.75, EUR 1,305.35, and GBP 1,058.65 per ounce.
Silver is trading at $33.15/oz, €25.46/oz and £20.67/oz. Platinum is trading at $1,597.00/oz, palladium at $681.00/oz and rhodium at $1,075/oz.
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Wednesday, December 05, 2012
Weakness in Gold "Being Caused by Futures Market" / Commodities / Gold and Silver 2012
By: Ben_Traynor
THE WHOLESALE MARKET gold price traded just above $1700 an ounce during Wednesday morning in London, having risen back above that level in the earlier Asian session, though they remained near one-month lows.
Silver hovered just above $33 an ounce this morning, down 1.3% on the week, while stocks and commodities edged higher.
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Wednesday, December 05, 2012
Jumpstarting The Flight From Oil: Gas To Liquids / Commodities / Natural Gas
By: Andrew_McKillop
GAS - GAS - GAS
The world was supposed to be at the brink of the "Gas Cliff" as recently as 2006. Writers working that doomster theme, such as Julien Darley and Michael Ruppert, even Naom Chomsky roared that conventional natural gas resources were depleting fast, especially in the US, and gas prices could only explode. Aided by events such as hurricane Katrina and by excited Nymex traders, US gas futures were able to top $15 per million BTU several times in 2005 and 2006. Today in early December 2012 Nymex gas futures struggle to beat $3.75 per million BTU.
Tuesday, December 04, 2012
Central Banks Hedge Their Bets With Gold / Commodities / Gold and Silver 2013
By: John_Browne
Gold appears to be headed for an impressive price appreciation for the second half of 2012. Since the beginning of July, gold is up almost 10 over the same time frame. What is noteworthy here is that in recent months, fears of a worldwide recession have increased markedly. It used to be considered axiomatic that recession created adverse conditions for commodities (a reality that has helped push down the price of crude oil thus far in 2012). How then can we understand the movement in gold?
Tuesday, December 04, 2012
What Happens to Gold If the U.S. Dollar Collapses? / Commodities / Gold and Silver 2012
By: P_Radomski_CFA
Today’s essay is the first one in our two-part commentary on U.S. debt and the dollar collapse.
On numerous occasions we have gone back in our commentaries to the year 1971 and U.S. President Richard Nixon’s decision to cut off the ties between the greenback and gold. Today, we revisit the topic once more and check what kind of implications it has for the price of the yellow metal.
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