Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, September 30, 2012
Crude Oil And The Dead Cat Bounce / Commodities / Crude Oil
FUNDAMENTALS
What crisis? Nymex and ICE oil price movement shows how oil prices can be moved anywhere as long as its up, except of course when its down, where fundamentals point with stubborn determination.
Recent weeks, especially the last show that sometimes the oil bulls can get dispirited and run out of news support, and be forced to take a cut in their boundless optimism which says we really can have $130 a barrel for Brent and $125 for WTI like Goldman Sachs tells us we can - this year, in 2012. When the markets take an especially hard hit, like the recent loss of $10 off the barrel price, the dead cat bounce can take the shape of a Goldman tiger bounce - paper tiger of course.
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Friday, September 28, 2012
Silver Mining Stocks ETF / Commodities / Gold & Silver Stocks
It’s hard to believe that silver was trading at only $4 just 11 years ago. And amazingly it was only 7 years ago that silver had hit $10 for the first time in nearly two decades. Now at over $30 and rising, silver is flexing its muscles as one of the best-performing assets of the last decade.
There’s no arguing that silver’s secular bull has been spectacular. Since its 2001 low, silver had soared a staggering 1094% to its 2011 high. And based on its structural fundamentals, silver’s bull still likely has plenty of room to run in the years to come.
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Friday, September 28, 2012
What Does Gold Have Going For It? / Commodities / Gold and Silver 2012
Gold no longer has a legal role in the world's monetary system, but because of a collapse of faith in sovereign obligations - fiat currencies/paper money - and a coming complete lack of trust in governments and financial institutions, gold is going to quickly become a core banking asset.
So why do I believe gold is going to become a core banking asset, what exactly does gold have going for it to make this possible?
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Friday, September 28, 2012
Gold Glitters / Commodities / Gold and Silver 2012
Just a few weeks ago, Mario Draghi, President of the European Central Bank (ECB), announced that he would do anything required to bailout the weakest members of the Eurozone and in so doing prevent the euro currency from dissolution. Investors who may have been previously positioning themselves to withstand a euro crisis seem to be anxious to believe that such bold actions will prevent the worst. Consequently, many unwound positions in U.S. dollars and bought back euros. In the wake of the announcement, the euro rose from $1.22 to $1.30.
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Friday, September 28, 2012
Gold New Record High Against Euro and Swiss Franc / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,781.00, EUR 1,374.65, and GBP 1,098.77 per ounce.
Yesterday’s AM fix was USD 1,755.25, EUR 1,365.32and GBP 1,084.16 per ounce.
Silver is trading at $1,670.75/oz, €26.96/oz and £21.52/oz. Platinum is trading at $1,670.75/oz, palladium at $637.90/oz and rhodium at $1,075/oz.
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Friday, September 28, 2012
How To Time Gold Purchases with Technical Analysis / Commodities / Gold and Silver 2012
Technical Analysis is mathematical analysis of the market based on price action, but not the fundamentals of supply, demand, costs of production, and hundreds of other important factors (fundamental analysis). Many people will tell you Technical Analysis does not work. I disagree. If you understand its limits, it works quite well.
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Friday, September 28, 2012
What Gold Analyst Consensuses is Telling Us / Commodities / Gold and Silver 2012
The big news in the commodities world lately is $10/barrel drop in the oil price in the last several days. The decline was initially blamed on Fed-Ex lowering its outlook for global growth and industrial production when it reported its latest quarterly earnings. The world's second biggest package delivery company forecast a continued slowdown in global trade. Reports that Saudi Arabia is keeping production high to drive oil prices lower were also blamed.
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Friday, September 28, 2012
Gold Prices Heading For $2000 This Year / Commodities / Gold and Silver 2012
The stage is now set for gold prices to gain some traction and challenge its previous all-time highs. Most of the central banks are now turbo charging their printing presses in the vain hope that more liquidity is the key to economic health. Alas dear reader this is not the case and as history has proven it never was a remedy for any debt laden enterprise, state or sovereign nation.Read full article... Read full article...
Friday, September 28, 2012
Gold Super Bull Run, "You Ain't Seen Nothing, Yet!" / Commodities / Gold and Silver 2012
We are at the point in the paper currency cycle where for the price of Gold it is risk off, Fed management out of the way, and time for Gold to go into free-rise to start to devalue the huge debts in earnest and to balance the budget. As Gold rises in a parabola on the arithmetic chart, each leg runs higher at a more acute angle.
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Friday, September 28, 2012
Is a Gold Price Correction Underway? / Commodities / Gold and Silver 2012
Gold prices fell more than 1 percent Wednesday pressured by a stronger dollar and weaker stocks markets along with profit-taking. Gold struggled to maintain gains after hitting six and a half month highs this month after the Federal Reserve, the European Central Bank and the Bank of Japan announced steps to loosen monetary policy.
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Friday, September 28, 2012
Commodity Prices Will Rise / Commodities / Commodities Trading
There is not enough money being invested in energy to hold prices at current levels. It costs a bundle to replace depleted sources of oil and gas. The justification for increasing exploration budgets is hard to come by when countries are (effectively) nationalizing companies' projects. There is also the problem of actual production not meeting anticipated levels. And the matter - not, by any means, confined to a single industry or country - of companies not investing at all, terrorized as they are by our stark, raving, mad monetary policy.
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Thursday, September 27, 2012
South Africa Unrest To Affect Gold Bullion Supply And Support Gold Price / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,755.25, EUR 1,365.32, and GBP 1,084.16 per ounce.
Yesterday’s AM fix was USD 1,763.75, EUR 1,369.80 and GBP 1,089.07 per ounce.
Silver is trading at $34.10/oz, €26.62/oz and £21.13/oz. Platinum is trading at $1,647.00/oz, palladium at $632.40/oz and rhodium at $1,075/oz.
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Thursday, September 27, 2012
Gold Takes Well Needed Two Week Rest, Long-Term Uptrend Safe / Commodities / Gold and Silver 2012
WHOLESALE-MARKET prices to buy gold eased $5 in London on Thursday after an overnight rally to $1760 per ounce.
The Euro currency also eased lower after rallying to $1.29 – some 2¢ below the 5-month high hit a fortnight ago – as Spain was set to unveil its latest government budget cuts and Italy's economy minister said Rome has no plans to request bail-out help.
Thursday, September 27, 2012
Nuclear Fusion Milestone Could Provide Power For Thousands of Years / Commodities / Nuclear Power
Michael A. Robinson writes: For decades, researchers have toiled away in the quest to provide nuclear power that is cheap, safe, and stable.
And for just as long, skeptics have said their work will never pay off.
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Thursday, September 27, 2012
Gold Optimism Reality Check / Commodities / Gold and Silver 2012
History shows that one cannot “manipulate” a primary trend (and maybe not even a secondary trend)
Despite all the optimistic noises regarding recent movements of the gold price, the chart below (3% X 3 box reversal Point & Figure chart, courtesy stockcharts.com) is still showing $1109 as the prevailing target price. The gold price will need to rise to $1833 for that target to be negated.
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Thursday, September 27, 2012
Intermarket Explanation for Coming Gold Market Bubble / Commodities / Gold and Silver 2012
As we travel to Toronto for the Cambridge House conference, we thought we’d share a few points from our upcoming presentation titled “The Setup for a Gold Bubble.” There are many different ways we can analyze this. By that we mean fundamental triggers, historical ratios, valuations and potential money flows, etcetera can explain the setup for and why this bull market will become a bubble. Today, we focus on intermarket analysis, which is one of our favorite subsets of technical analysis.
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Thursday, September 27, 2012
Silver and the Myth of Diminishing Returns From QE / Commodities / Gold and Silver 2012
There is lots of talk in the financial media about how there are diminishing returns from QE (i.e. money printing) with each successive round of counterfeiting. This is only true because such commentators are stuck in paperbug world and focusing on common stocks. But common stocks are in a secular bear market, so it makes sense that there could be diminishing returns on common equities related to bailing out banks and governments by destroying the purchasing power of the currencies of the world.
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Thursday, September 27, 2012
QE3, SPR Release and Gasoline Prices / Commodities / Crude Oil
With crude oil accounting for 65% of the price of gasoline, there's typically a high correlation between the price of oil and gasoline. However, there's been a disconnect between the two for the most part of this year. The main reason for the disconnect is the divergence of supply market fundamentals.
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Thursday, September 27, 2012
Gold Break Out to New High Near / Commodities / Gold and Silver 2012
Brien Lundin expects money printing by the Federal Reserve to raise gold above its $1,920/oz high, and as editor and publisher of Gold Newsletter, he considers it his job to show people how to profit. In this exclusive Gold Report interview, Lundin explains why he believes it is time to be aggressive in equity positions and names companies that could benefit the most from the coming leg up.
The Gold Report: We just had a third round of bond buying in quantitative easing (QE). Will QE3 help the economy?
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Thursday, September 27, 2012
The Great Game, Gold Arbitrage & Three Little Pigs / Commodities / Gold and Silver 2012
The Great Game
An astute reader from Atlanta named Ken wrote the following in a letter to me:
"It seems that the game plan (for financial heavyweights) is to buy assets, real things that can't be papered away by the government, and pay back with depreciated dollars."
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