Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, October 31, 2012
Incredible Gold Charts Show Bullish Outlook / Commodities / Gold and Silver 2012
By: Peter_Degraaf
Technical analysis is a great tool for analyzing where the market has been. Since human beings almost always behave in cyclical fashion, we can observe patterns in market action that tend to repeat. Combined with fundamental studies, TA is applied to the markets by virtually all of the successful traders.Some patterns occur so often that names have been assigned to these patterns such as: ‘Head and Shoulders’, ‘Cup with Handle’ and ‘A.R.A.T.’
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Wednesday, October 31, 2012
United States Continuing Decent into Debt Will Push Gold Price Higher / Commodities / Gold and Silver 2012
By: Giuseppe_Borrelli
Way back in the 1970’s the US began a fateful transition, a transition where we started to confuse the concept of an asset with that of a debt. After the Great Depression it was frowned upon to have debt and that included mortgages on a house, and when a mortgage was paid off all the neighbors would get together and celebrate the event. In fact they would usually burn the cancelled document after consuming a reasonable quantity of alcohol! Well, those days are long gone. Thanks to the Alan Greenspan’s and Ben Bernanke’s of the world, debt was mistaken for an asset. The biggest offender, and role model for the world, is of course the US Federal Reserve.
Wednesday, October 31, 2012
Gold in Consolidation Phase ad US Markets Re-Open / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE gold bullion prices rallied to a one-week high at $1720 an ounce Wednesday morning in London, though they still looked set to record a loss on the month, while European stocks opened higher before losing some ground and US markets prepared to re-open after being closed for two days.
Silver bullion climbed to $32.37 an ounce, also up on the week, while oil and copper ticked higher and US Treasury bonds fell.
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Wednesday, October 31, 2012
If Obama Wins Gold Is Going To Go Through The Roof / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,718.00, EUR 1,321.54, and GBP 1,065.89 per ounce. Yesterday’s AM fix was USD 1,713.50, EUR 1,322.66, and GBP 1,067.07 per ounce.
Silver is trading at $32.78/oz, €24.93/oz and £20.12/oz. Platinum is trading at $1,578.75/oz, palladium at $604.75/oz and rhodium at $1,070/oz.
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Wednesday, October 31, 2012
'Tis The Season For Gold Stocks / Commodities / Gold & Silver Stocks
By: Donald_W_Dony
Gold and gold stocks typically start to advance in the 4th quarter. This year that pattern appears to be right on schedule.
Canada has a great number of gold stocks. Here are four that look as if they are starting the normal season movement.
Tuesday, October 30, 2012
Crude Oil Price and Oil Stocks Seasonality, Trend Forecast / Commodities / Crude Oil
By: Chris_Vermeulen
Crude oil has had some large price swings this year and another one may be on its way. This report shows the seasonality of crude oil along with where oil is trading and what the oil service stocks are telling us is likely to happen going into year end.
Since WTI Crude Oil topped out in September at the $100 resistance level (Century Number) many traders are looking for a bounce or bottom to form in the next week. Historical charts show that on average the price of oil falls during November and the first half of December.
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Tuesday, October 30, 2012
Gold Supply Issues Offer Additional Price Underpinnings / Commodities / Gold and Silver 2012
By: Pete_Grant
Gold turned defensive in recent weeks, weighed by global growth concerns, persistent economic uncertainty in the eurozone and the United Sates, along with a rising lack of clarity about the likely outcome of next week's U.S. Presidential election. However, downside potential is thought to be limited by continued robust demand for the precious metal as a hedge against the global debasement of fiat currencies, as well as ongoing central bank demand for the purposes of reserve diversification.
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Tuesday, October 30, 2012
President Romney "Would Be Bad News for Gold" / Commodities / Gold and Silver 2012
By: Ben_Traynor
THE SPOT MARKET gold price traded just below $1715 an ounce during Tuesday morning's London session, little changed from last week's close, while European stock markets recovered their losses from a day earlier and UK and German government bond prices fell.
"Downside targets will be in focus while the gold price stays below the 17 October high at $1753.86," says Commerzbank senior technical analyst Axel Rudolph.
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Tuesday, October 30, 2012
Gold Being Remonetised As Banks In Turkey Target Gold Worth $302 Billion / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,713.50, EUR 1,322.66, and GBP 1,067.07 per ounce.
Yesterday’s AM fix was USD 1,712.00, EUR 1,326.72, and GBP 1,066.00 per ounce.
Silver is trading at $32.01/oz, €24.80/oz and £19.99/oz. Platinum is trading at $1,551.50/oz, palladium at $593.25/oz and rhodium at $1,075/oz.
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Tuesday, October 30, 2012
Where Should Gold Be Based On Inflation? / Commodities / Gold and Silver 2012
By: Graham_Summers
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around.
Monday, October 29, 2012
A Silver Lining For When Currency Dies / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
The global economy seems to be on a one way path to eventual destruction as interest continues to accumulate on the massive word-wide debt.Budget and trade deficits keep growing, but unfortunately without an engine for real and sustainable growth.
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Monday, October 29, 2012
Silver Futures - Concentration, Confidence and the COT Reports / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
The real value of the Commitment of Traders or COT Report for silver traders, (as Ted Butler, GATA, and others have been pointing out for years) lies in revealing the marked concentration of short silver futures positions held by the major bullion banks, who are classed as commercial traders. Read full article... Read full article...
Monday, October 29, 2012
Gold "Lacks Upside Drivers"as Hurricane Sandy Closes US Markets / Commodities / Gold and Silver 2012
By: Ben_Traynor
U.S. DOLLAR gold prices dropped below $1710 an ounce Monday morning in London, below where they ended last week, after failing to hold onto gains made in Asian trading.
Silver prices dropped below $31.80 an ounce, also down from Friday's close, as European equities also fell. US stock markets will be closed today as a result of Hurricane Sandy – the first unscheduled US market closure since September 11 2001, and the first to be caused by weather since 1985.
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Monday, October 29, 2012
Oil Prices: Global Markets Favor Brent Crude, Refineries Are Set to Advance / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
Brent and WTI crude oil prices have been on a downward trajectory. Recently Brent had declined for seven consecutive trading sessions while WTI had been down for five.
Given the importance these benchmarks have in pricing crude worldwide, it is useful to review what they are before talking about their widening spreads.
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Monday, October 29, 2012
Is Santa Coming Early for Gold and Gold Mining Stocks? / Commodities / Gold and Silver 2012
By: Chris_Vermeulen
If you own physical gold, gold mining stocks or plan on buying anything related to precious metals before year end, you are likely going to get excited because of what my analysis and outlook shows.
Since gold topped abruptly a year ago (Sept 2011) with a massive wave of selling which sent the price of gold from $1920 down to $1535, technical analysts knew that type of damage which had be done to the chart pattern could take a year or more to stabilize before gold would be able to continue higher.
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Sunday, October 28, 2012
Silver Downtrend Targets Support at $28.50 / Commodities / Gold and Silver 2012
By: Clive_Maund
The intermediate top in silver was called several weeks back in the last update. We had expected it to plunge, but instead into went into a more orderly steady decline, its measured rate of decline thus far being due to the fact that the dollar has not entered into a new uptrend – yet.
Sunday, October 28, 2012
Renewable Energy: The Global Clean Tech Bubble - Part 2 / Commodities / Renewable Energy
By: Nicole_Foss
Those who advocate for a complete shift to renewables often state that it would be possible if only the political will to fund the transition were available. In fact, funding programmes have been introduced in many jurisdictions, often on a very large scale. Capital grants and long term Feed-In Tariff (FIT) contracts have been introduced in many European countries and in other regions. Feed-In Tariffs, which typically offer a twenty year guaranteed income stream in order to overcome the investment risk, have often been the economic tool of choice. Some of these have been very generous, and the subsidy regimes have driven large investments in renewables for many years. The costs have been in the hundreds of billions of dollars, with projections for many times that much in the future, both for generation capacity and for the necessary infrastructure to service it:
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Sunday, October 28, 2012
Renewable Energy: The Vision And A Dose Of Reality - Part 1 / Commodities / Renewable Energy
By: Nicole_Foss
In recent years, there has been more and more talk of a transition to renewable energy on the grounds of climate change, and an increasing range of public policies designed to move in this direction. Not only do advocates envisage, and suggest to custodians of the public purse, a future of 100% renewable energy, but they suggest that this can be achieved very rapidly, in perhaps a decade or two, if sufficient political will can be summoned. See for instance this 2009 Plan to Power 100 Percent of the Planet with Renewables:
A year ago former vice president Al Gore threw down a gauntlet: to repower America with 100 percent carbon-free electricity within 10 years. As the two of us started to evaluate the feasibility of such a change, we took on an even larger challenge: to determine how 100 percent of the world’s energy, for all purposes, could be supplied by wind, water and solar resources, by as early as 2030.
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Sunday, October 28, 2012
Oil Nationalism: Russia Versus Saudi Arabia / Commodities / Crude Oil
By: Andrew_McKillop
TOO MUCH
In a week where Malaysia's Petronas' buyout bid for Calgary-based Progress Energy was rejected by the Canadian government, and the rejection called "resource nationalism" by Fitch ratings, Rosneft's buyout of TMK-BP is seen as Vladimir Putin's vehicle to regain state ownership of Russia's oil fields. Rosneft was firstly handed control over Yukos Oil in 2003, by Putin's government hitting Yukos with a $26-billion tax bill which bankrupted it, followed by Putin's bundling of Yukos founder, the billionaire Mikhail Khodorkovsky, into a Siberian prison. The present buyout of TNK-BP has Rosneft acquiring BP's 50% stake of the joint venture in exchange for cash and stock, for $27 billion.
Saturday, October 27, 2012
Gold Mining Stock Margins Will Expand Further / Commodities / Gold and Silver 2012
By: Jordan_Roy_Byrne
Longtime readers know that we are a fan of intermarket analysis. The movement of certain markets influences other markets so it is always wise to analyze a handful of markets rather than just a single market by itself. Several years ago we learned from others before us how intermarket analysis can help us get a handle on the margins of gold (and silver) miners. Generally, Oil (energy) represents about 25% of the cost of mining while industrial metals prices can be a proxy for the costs of trucks, chemicals and blasting agents (like cyanide). It has been a while since we’ve looked at these charts but with the gold stocks having put in a major bottom it is time to analyze whether it is sustainable or not.