Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, November 16, 2012
Silver Price Forecast 2013 / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,710.00, EUR 1,342.76, and GBP 1,077.91 per ounce.
Yesterday’s AM fix was USD 1,723.50, EUR 1,351.45, and GBP 1,087.66 per ounce.
Silver is trading at $32.32/oz, €25.48/oz and £20.46/oz. Platinum is trading at $1,554.50/oz, palladium at $624.80/oz and rhodium at $1,095/oz.
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Friday, November 16, 2012
Exxon Supports Carbon Taxes / Commodities / Climate Change
Surprising to some, Exxon Mobil Corp. is now flexing its political and media muscles as part of a growing coalition, ranging from environmentalists to advocates of reindustrialisation, political isolationists and a large slice of the energy sector, which backs a US carbon tax. This new taxation would be an alternative to the costly additional regulations the Obama administration is mulling. Once upon a time, that is 3 years ago, any talk about carbon taxes was anathema in Washington.
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Thursday, November 15, 2012
U.S. Fiscal Cliff, Asian Currency Wars, Buoys the Gold market / Commodities / Gold and Silver 2012
Texas Republican Ron Paul’s maverick crusade to “audit the Fed”, and to rein-in the “fourth branch” of the US-government, suffered a major blow in the wake of the November 6th elections that saw President Barack Obama prevailing over his Republican challenger Mitt Romney. Adding insult to injury, the Republican Party not only failed to secure a majority in the Senate, but it lost 2-seats. Mr Paul is the author of a bill to audit the clandestine activities of the Fed that passed the House by a 327-98 vote on July 25th, exceeding the two-thirds majority needed. Astoundingly, 89 Democrats joined 238 Republicans to approve it.
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Thursday, November 15, 2012
Gold, Paper, and a Train Wreck / Commodities / Gold and Silver 2012
Begin with a few facts and assumptions and follow the logic:
Gold has been a store of wealth for more than 3,000 years. Silver has been used as money in most countries of the world. Both are still valuable.
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Thursday, November 15, 2012
Gold Major Buying Opportunity / Commodities / Gold and Silver 2012
I'm just going to do a quick post today. The relevant factors are that gold appears to have put in an intermediate degree bottom last week. Miners are being dragged down at the moment as the stock market makes its final move into an intermediate bottom. This happens pretty much like clockwork every 20-25 weeks (currently on week 23).
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Thursday, November 15, 2012
Eurozone Enters Recession, Worldwide Gold Demand Down in Q3 / Commodities / Gold and Silver 2012
THE DOLLAR gold price drifted lower to $1720 an ounce during Thursday morning's London session, around ten Dollars down on the week, as stocks and the Euro also drifted lower following the release of weak economic growth data from the Eurozone.
The silver price dropped below $32.60 an ounce, more-or-less exactly where it started the week, while other industrial commodities edged higher.
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Thursday, November 15, 2012
Is it Better to Buy Gold in Singapore? / Commodities / Gold and Silver 2012
Switzerland is a traditional investment safe-haven, however in a recent survey we found that when it comes to gold bullion storage there is a new star emerging and our customers want to be a part of it. Below we explain why those looking to invest in gold may want to look at Singapore to store their gold.
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Thursday, November 15, 2012
Global Energy's Massive U-Turn / Commodities / Natural Gas
GLOBAL U-TURN
Received wisdoms in global energy are falling like downed skittles as the world lurches into the biggest-ever U-turn in energy history. The US gas story shows the most dramatic and rapid changes. From the late 1990s until the past 2 years, billions of dollars were spent by developers of LNG regasification facilities in the United States, as well as most other OECD countries and by China and India. The received wisdom was that world gas resources were limited and depleting fast. The gas outlook for the US seemed especially dire: it was resigned to a future of declining domestic natural gas production, needing rapid growing LNG imports to fill a looming supply-demand gap. Outside the US, eyeing the world's largest single market for gas, developers of LNG projects were investing billions of dollars to meet the USA's projected import demand for LNG.
Thursday, November 15, 2012
Gold and The Cold War / Commodities / Gold and Silver 2012
There are now two great nations in the world, which starting from different points, seem to be advancing toward the same goal: the Russians and the Anglo-Americans... Each seems called by some secret design of Providence one day to hold in its hands the destinies of half the world.
Democracy in America, Alexis de Toqueville, 1835
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Thursday, November 15, 2012
Gold Bullion Up, Gold Stocks Get Pummeled / Commodities / Gold and Silver 2012
It’s been another one of those odd ball trading sessions where gold prices managed to finish the day up $2.50 to close at $1727.40/oz, but the gold mining stocks, as evidenced by The AMEX Gold BUGS (Basket of Unhedged Gold Stocks) Index, known as the HUI, fell 21.55 points to 447.96 or a staggering 4.59%.
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Thursday, November 15, 2012
What Gold's Relative Strength Means / Commodities / Gold and Silver 2012
Longtime readers of our editorials know that we are big fans of intermarket analysis as well as ardent believers in the real price of gold (real POG) or relative Gold. No this has nothing to do with the paper market versus the physical market. The real POG is essentially the POG relative to other assets and markets. There are two reasons why we track this. First, Gold priced against the other currencies (specifically the Euro) has been a leading indicator for Gold in US$ terms. Second, Gold's performance against commodities (in general) is a leading indicator for margins of the miners. We discussed this a few weeks ago. Over the weekend, I reviewed Gold's performance in relative terms and it seems to have reasserted its uptrend.
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Wednesday, November 14, 2012
How to Speculate in Gold and Silver Stocks Without Gambler's Ruin / Commodities / Gold & Silver Stocks
Rodney Stevens, portfolio manager at Wolverton Securities, believes investors speculating in precious metals must be disciplined to avoid gambler's ruin. While "disciplined speculation" may seem like a contradiction, it is key to Stevens' approach. Through both technical analysis and fundamental analysis, and a careful read of intermediate trends, Stevens has developed a concentrated portfolio of precious metal companies held both long and short. In this Gold Report interview, he shares where the sweet spot in the mining space is and advises how to limit portfolio risk.
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Wednesday, November 14, 2012
Gold Price Continues to Consolidate / Commodities / Gold and Silver 2012
U.S. DOLLAR gold prices drifted lower to $1722 an ounce this morning in London, slightly down from last week's close, while stock markets also fell along with US Treasury bonds as US policymakers continue to discuss how to deal with the so-called fiscal cliff.
"Gold is consolidating last week's strong up leg from $1673 to $1739," says the latest technical analysis from bullion dealer Scotiabank.
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Wednesday, November 14, 2012
China Gold Reserves Too Small to Ensure National Economic and Financial Safety / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,724.50, EUR 1,353.08, and GBP 1,085.21 per ounce.
Yesterday’s AM fix was USD 1,724.75, EUR 1,360.86, and GBP 1,091.39 per ounce.
Silver is trading at $32.47/oz, €25.60/oz and £20.54/oz. Platinum is trading at $1,585.00/oz, palladium at $637.00/oz and rhodium at $1,150/oz.
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Wednesday, November 14, 2012
America's Rocky Path towards Energy Independence / Commodities / Energy Resources
Dr. Kent Moors writes: You might have seen yesterday's headline in the Wall Street Journal: "U.S. Redraws World Oil Map."
As the article explains, U.S. oil production is now on pace to surpass Saudi Arabia by 2020. This would make the United States world's largest oil producer. We're already the second-largest natural gas producer, according to 2010 EIA estimates.
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Wednesday, November 14, 2012
Gold and Silver Coiling For a Major Move - The Next Disaster / Commodities / Gold and Silver 2012
In discussing the government's lack of reaction in reforming the high frequency trading developments in the market, the CFTC's Bart Chilton remarks in the video below about the unfortunate tendency of regulators not to act until something unfortunate happens as being a:
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Wednesday, November 14, 2012
Why Copper Is a Critical Metal / Commodities / Copper
Copper is often referred to as "Dr. Copper," the metal with a Ph.D. in economics. Yet most analysts don't view it as a critical metal. In this interview with The Critical Metals Report, Mickey Fulp, author of The Mercenary Geologist, gives his thoughts on why the experts are wrong and why copper should be considered a critical metal.
The Critical Metals Report: In the past, there has been some confusion about the term "critical metals." What do you consider to be critical metals and why?
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Tuesday, November 13, 2012
Gold Bullion vs. Gold Stocks – Which is the Better Investment? / Commodities / Gold and Silver 2012
You have probably read in multiple articles that mining stocks offer leverage to the movement of the underlying metal. But this hasn’t been the case over the past several years, which has created some confusion in the precious metals investment community. While the gold price has more than doubled (+110%) in the past five years, the AMEX Gold Bugs Index (HUI) is up only 15% and the Market Vectors Gold Miners ETF (GDX) is up only 7%.
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Tuesday, November 13, 2012
Silver Price Set to Soar by 400% in 3 Years / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,724.75, EUR 1,360.86, and GBP 1,085.23 per ounce. Yesterday’s AM fix was USD 1,735.75, EUR 1,365.44, and GBP 1,091.39 per ounce.
Silver is trading at $32.63/oz, €25.76/oz and £20.61/oz. Platinum is trading at $1,591.00/oz, palladium at $614.50/oz and rhodium at $1,085/oz.
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Tuesday, November 13, 2012
Gold vs Other Real Assets / Commodities / Gold and Silver 2012
Gold has long been seen as “real money. It is seen as a stable store of value, and today, it is seen a “must have” alternative investment for any diversified portfolio. Indeed, gold’s popularity is demonstrated by the fact that the SPDR Gold Trust (GLD) has already gathered approximately US$75 billion of assets.
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