Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Friday, October 05, 2012

Gold Price Technical Analysis and Trend Forecast 2012 / Commodities / Gold and Silver 2012

By: David_Petch

The following article was published for the benefit of subscribers on October 4th, 2012. This article is provides technical analysis for gold from many different perspectives. Other analysis posted over the past 12-15 months on the Internet can be viewed in site archives to follow trends of other markets we follow. The FED and other countries around the world are participating in an effort to rescue the global economy by creating money out of thin air, which really is credit. With the pattern that the Contracting Fibonacci Spiral is indicating, these balloons of liquidity the FED is blowing may turn out to be lead balloons...the US Dollar is set to decline, which in turn will inflate prices seen in the stock market, commodities and their related stocks. This price inflation is thought to be the issue that will cause markets to top out and cause a deflationary episode starting sometime beyond July 2013 and extending into late 2014...this is the thesis of our work, based upon discovery of the Contracting Fibonacci Spiral that broad market indices are currently in. I am working on a piece for Stocks and Commodities magazine that will hopefully discuss this theory at a level I have not yet presented. For gold bugs, expect a pause until no later than mid-November, followed by a very sharp price move in gold...

Friday, October 05, 2012

Crude Oil Fundamentals And Overpriced Oil / Commodities / Crude Oil

By: Andrew_McKillop

FUNDAMENTALS?
After another "severe correction" on 3 October, another magnificent dead tiger bounce in oil prices as traders decided the correction had been "overdone". The Syrian crisis is looking to spill over the Middle East, Iran bombing is back on the menu, US gasoline supplies are down a little due to a refinery fire - but above all the oil trading and financial community, and Big Energy need overpriced oil.

Friday, October 05, 2012

Gold "Decidedly Bullish", Targets $2400 by Mid-2013 / Commodities / Gold and Silver 2012

By: Adrian_Ash

WHOLESALE U.S. Dollar gold prices slipped 0.4% from new 11-month highs in London trade Friday morning, dipping beneath $1790 per ounce as European stock markets crept higher.

Wholesale silver bullion prices eased back below $35.00 per ounce – but also held 1.1% up for the week – as commodities held flat and major-economy government bonds ticked lower.

Friday, October 05, 2012

Gold Price Stance - Evidence of link between rising gold price and unravelling world economy / Commodities / Gold and Silver 2012

By: Brian_Bloom

Over the past few months I have been writing cautionary articles regarding the gold price. I have received so much “hate/derisory mail” in response to my last two articles – typically from people who have read them at a superficial level – that I concluded it will be constructive to clarify my assessment of the gold market in words that do not require anyone to read between the lines.

Thursday, October 04, 2012

Gold Hits New High for the Year, Breaching $1790 / Commodities / Gold and Silver 2012

By: Ben_Traynor

SPOT MARKET prices to buy gold climbed to $1794 an ounce ahead of Thursday's US session, a new 2012 high, while stock markets were broadly flat and US Treasury bonds fell ahead of the publication of minutes from the latest Federal Reserve policy meeting.

"We are watching for a break to the upside through $1790 resistance, which will then target the all-time nominal high [at around $1920 per ounce]," say technical analysts at Scotiabank.

Thursday, October 04, 2012

Gold Edges Higher as China Challenges US Dollar Reserve Currency Status / Commodities / Gold and Silver 2012

By: GoldCore

Today’s AM fix was USD 1,786.50, EUR 1,380.92, and GBP 1,109.01 per ounce.
Yesterday’s AM fix was USD 1,777.25, EUR 1,374.73and GBP 1,102.38 per ounce.

Silver is trading at $35.08/oz, €27.13/oz and £21.84/oz. Platinum is trading at $1,707.00/oz, palladium at $664.50/oz and rhodium at $1,180/oz.

Thursday, October 04, 2012

Silvers Seasonal Price Swing / Commodities / Gold and Silver 2012

By: Anthony_David

It’s that time of the year again when it makes perfect sense to invest in silver. Based on data compiled over the last 20 years, silver prices are known to peak during April-May and then again towards the end of the year. Between May and October, silver prices reach a low and then plateau out. The price of silver has grown from around USD 3.66 per ounce in early January 1993 to a high of USD 48.7 per ounce in April 2011—an amazing increase of 1230%.

Thursday, October 04, 2012

ECB Confidence Game, Gold Stocks Roller Coaster / Commodities / Gold & Silver Stocks

By: HRA_Advisory

Did we tell you or did we tell you? It’s a bit premature to claim bragging rights but the Junior market has been trading exactly how we hoped it would.  Ben Bernanke delivered the early Christmas presents gold bugs were dreaming of and the market tenor looks better than it has for a year.

The operative word is still “better”, not “great”.   The increase in volume in the Juniors is gratifying but still not enough.   It will take higher volumes still to keep a rally alive through to year end. 

Wednesday, October 03, 2012

So, Who's Been Bidding Gold Price Higher? / Commodities / Gold and Silver 2012

By: Adrian_Ash

A unique, innovative tool for seeing just what private investors are doing in gold...

Gold was up, up and away in September. But who was doing the buying?

New data we released today here at BullionVault show that private households across Western Europe and the US continue to join the bull market. But their response to QE3 and the latest phase of the Eurozone crisis is more measured - you might even say complacent - than the recent price action alone suggests.

Wednesday, October 03, 2012

Everyone Needs to Own Gold as Spain Denies Bailout / Commodities / Gold and Silver 2012

By: Ben_Traynor

SPOT MARKET gold prices rallied to $1781 per ounce ahead of Wednesday's US session, recovering from slight losses earlier in the day to stay in line with recent trading, while stock markets were broadly flat and the Euro reversed earlier gains, as analysts speculated on when and whether Spain will request a bailout.

Wednesday, October 03, 2012

'Mugabenomics' From Zimbabwe To The UK - "Gold Is Good" / Commodities / Gold and Silver 2012

By: GoldCore

Today’s AM fix was USD 1,777.25, EUR 1,374.73, and GBP 1,102.38 per ounce.
Yesterday’s AM fix was USD 1,778.50, EUR 1,377.19 and GBP 1,100.56 per ounce.

Silver is trading at $34.83/oz, €27.08/oz and £21.71/oz. Platinum is trading at $1,688.00/oz, palladium at $651.30/oz and rhodium at $1,150/oz.

Wednesday, October 03, 2012

Why Crude Oil Prices Are Entering a "New Normal" / Commodities / Crude Oil

By: Money_Morning

Dr. Kent Moors writes: One of the things I have learned from almost four decades of doing this is that oil and gas specialists know a great deal about what they do for a living.

However, few of these specialists really understand enough about what the person to the right or left of them does. This tends to breed tunnel vision.

Wednesday, October 03, 2012

Gold Bullion and Stocks Potential Intermediate Term Price Targets / Commodities / Gold and Silver 2012

By: Jordan_Roy_Byrne

The precious metals complex rebounded strongly in August and September, which is typical when the larger trend is bullish. We believe the larger trend turned bullish with the bottom in May. However, weeks ago we noted targets of $1800 for Gold and 57 for GDX as resistance points. The market has begun a corrective period which should last deep into October. Nevertheless, such a correction would provide an excellent entry point before the market makes its next move higher. Today we examine potential medium term and intermediate term targets for Gold and the gold stocks.

Wednesday, October 03, 2012

Big Energy Got It Wrong / Commodities / Energy Resources

By: Andrew_McKillop

ENERGY FUTURE? NO FUTURE
Exxon Mobil CEO Rex Tillerson claims he always applies the Boy Scout dictum "Be Prepared" and many critics of Tillerson like to poke fun at his Boy Scout background and way of soing things, which served him well until recently. Upper levels of Exxon management started taking notice of him during the little-known southern-48 oil boom of the early 1990s. As head of Exxon's highly lucrative exploration and production — E&P upstream — operations in the Texas-Oklahoma Belt he never put a foot wrong, nor when he moved for a short while to head E&P at Exxon Neftegas in Russia.

Tuesday, October 02, 2012

Silver Take Profits and Go Short, But Prepare to Reverse Position Immediately... / Commodities / Gold and Silver 2012

By: Clive_Maund

The story for silver at this point is much the same as that for gold, but as usual, more extreme – with silver there are bigger gains to be harvested, and bigger prospective profits if it now reverses violently to the downside, which could be occasioned by a larger dollar rally, as predicted on the site at the weekend.

Tuesday, October 02, 2012

Gold Brutal Correction Brewing, Time to Take Profits and Go Short / Commodities / Gold and Silver 2012

By: Clive_Maund

Action in the Precious Metals markets yesterday was VERY bearish and confirms our suspicion that an intermediate top may be forming that could lead to a brutal correction. Yes, yes, we know how bullish open-ended QE is for gold and silver and how the dollar is doomed etc, but so does everyone else – and the latest COTs show that both Large and Small Specs have thrown everything they have got at this uptrend, as we observed at the weekend. The trade is now dangerously overloaded on one side of the scales and a larger dollar rally, which looks likely on technical grounds, could trigger a sudden rout in the PMs.

Tuesday, October 02, 2012

Gold Hits Record High in Euros and it’s Setting Up for Another Rally / Commodities / Gold and Silver 2012

By: Chris_Vermeulen

October 2nd, 2012 at 9:07 am The price of gold hit a record high this past week . . . in euro terms (at about 1380 euros). The record came after a number of actions by central banks around the world, trying to stimulate their respective economies. The actions, usually centered around money printing, once again had investors looking for refuge in gold.

Tuesday, October 02, 2012

Gold Hovers After Touching New Highs / Commodities / Gold and Silver 2012

By: Ben_Traynor

WHOLESALE gold prices hovered in a tight range just below $1780 an ounce for most of Tuesday morning in London, just below a new 2012 spot market high touched yesterday following comments from US Federal Reserve policymakers.

Silver prices traded just below $35 per ounce, close to seven-month highs, while stocks and the Euro ticked higher despite warnings that Spain is underestimating the amount of recapitalization its banks need.

Tuesday, October 02, 2012

Who is Buying Gold? / Commodities / Gold and Silver 2012

By: Julian_DW_Phillips

A look at the gold market over the last few months shows that the pattern of price movements has changed from the traditional patterns. If you take the time factor out of charts on the gold price, the pattern of behavior becomes simple. It is a strong rise followed by a narrow, short consolidation pattern before a further move forward. This is unlike the saw tooth pattern we are used to as buyers and sellers reassess price prospects constantly, giving rise to more extended consolidation patterns over longer periods.

Tuesday, October 02, 2012

Silver Prices To Benefit from the Golden Cross / Commodities / Gold and Silver 2012

By: Bob_Kirtley

The anticipation and advent of QE3 has filled the precious metals market champions with considerable optimism. Gold and silver have both steadily, but firmly moved to higher ground.