Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, September 19, 2012
Gold Seen Breaching $1800 / Commodities / Gold and Silver 2012
THE SPOT gold price fell to $1772 an ounce Wednesday morning in London, a few hours after hitting its highest level for nearly seven months after the Bank of Japan became the latest central bank to announce further quantitative easing measures.
"It seems that the stars are now aligned for gold to move higher," says Anne-Laure Tremblay, analyst at BNP Paribas.
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Wednesday, September 19, 2012
Very Bullish Long-Term Outlook for Silver Stocks / Commodities / Gold and Silver 2012
While we have written about Silver here and there, we have not covered it publicly in over a year. The market made an obvious cyclical top last spring and the tremendous gains from late 2008 into 2011 would need to be corrected and digested. From May to July the market tested its lows successfully and formed support. The recent advance confirmed the lows and confirms that we are likely in a new cyclical bull market. Based on the technicals, Silver and silver stocks continue to show tremendous long-term potential.
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Wednesday, September 19, 2012
Why Bernanke Refuses to Let Crude Oil Prices Fall / Commodities / Crude Oil
A prominent symptom of the final deflationary phase of the 60-year/120-year cycle scheduled to bottom in 2014 is, ironically, asset price inflation. While this may seem contradictory at first glance, it makes perfect sense after closer scrutiny. Asset price inflation is the central bank’s response to the destructive undercurrent of economic deflation. It requires a decisive action, as the recent QE3 initiative showed.Read full article... Read full article...
Wednesday, September 19, 2012
How to Find Massively Undervalued Energy Stocks in Today's Irrational Market / Commodities / Energy Resources
Bob Moriarty knows his own mind, and his frank, no-nonsense commentary has won him a large following of devoted fans—not to mention a track record of outstanding returns on investment. In this exclusive interview with The Energy Report, the irreverent, irrepressible 321energy.com founder shares his take on energy markets. Although he describes today's markets as the most irrational he's ever witnessed, he asserts that energy stocks—many of them massively undervalued—are bound to reward long-haul investors like himself. "You don't have to pick stocks in this environment," he advises. "Just take a dart and throw it."
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Tuesday, September 18, 2012
Arab Spring and Crude Oil Prices / Commodities / Crude Oil
Crude oil prices hit a four-month high this week on the back of rising tensions in the Middle East and North Africa and the unfortunate murder of the U.S. ambassador to Libya. Added impetus on the upside was given to oil by the announcement of more money printing (QE3) by the Federal Reserve which said it would launch an open-ended commitment to purchase $40 billion of mortgage-backed securities monthly.
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Tuesday, September 18, 2012
Gold Falls Back "On Profit Taking" / Commodities / Gold and Silver 2012
SPOT MARKET prices quoted for gold bullion traded just below $1760 an ounce Tuesday morning in London, 1% off the high hit last week after the US Federal Reserve announced its new open-ended asset purchase program.
"Immediate bullish upside momentum will be maintained while the gold price trades above Thursday's low at $1723.69," reckons Axel Rudolph, senior technical analyst at Commerzbank.
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Tuesday, September 18, 2012
Goldcorp Golden Buying Opportunity / Commodities / Gold & Silver Stocks
The price of gold one year ago touched an all-time high of over $1,900 per ounce, as investors flocked to the yellow metal in the wake of the first sovereign-debt downgrade in US history and above-target inflation in most emerging markets.However, the bull market in gold was due for a breather. The Midas metal has punctuated its 700 percent rally over the past decade with several 10 percent to 20 percent pullbacks; the sell-off in May to just over $1,500 per ounce fits the pattern.
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Tuesday, September 18, 2012
Investing in Natural Gas: These ETFs Hold Clues to a Price Rebound / Commodities / Natural Gas
Analysts and experts love to say the U.S. is "the Saudi Arabia of natural gas."
That statement implies the U.S. is to natural gas as Saudi Arabia is to oil: One of the world's top producers with decades (perhaps longer) worth of reserves of the commodity.
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Tuesday, September 18, 2012
Gold and Silver Cycles Analysis, Bubbles, Bubbles, Everywhere / Commodities / Gold and Silver 2012
Here is a great weekend report by a friend and trader who runs the financial site Financial Tap. Every once in awhile he makes his reports available to the public so they can see the quality analysis he brings to the table and he also offers a free trial to his premium service.
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Tuesday, September 18, 2012
Stagflation In Extremis and The Explosive Rise Of Gold / Commodities / Gold and Silver 2012
Stagflation is where economic growth slows, unemployment is high and prices rise.
Stagflation’s appearance in the 1970s was like an outbreak of three-headed children. It wasn’t supposed to happen. Prevailing wisdom—an oxymoron among economists—held that high employment and rising prices were economic handmaidens; and that, conversely, slowing economies and inflation were mutually exclusive
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Tuesday, September 18, 2012
All Signs Pointing to Gold / Commodities / Gold and Silver 2012
With another syringe of quantitative easing being injected into the U.S. economy’s bloodstream, Ben Bernanke is giving the markets their liquidity fix. The Federal Reserve’s action reaffirmed my stance I’ve reiterated on several occasions that the governments across developed markets have no fiscal discipline, opting for ultra-easy monetary policies to stimulate growth instead.
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Tuesday, September 18, 2012
Silver Price Decisive Strong Breakout Targets $60 / Commodities / Gold and Silver 2012
The strong uptrend in silver of the past several weeks is believed to mark the start of a major uptrend that should take the price comfortably to new highs before it’s done. On the 12-year log chart for silver below we can see that this uptrend is still in its infancy, as it has a target at the top channel return line shown, which means it should get to over $60 on this advance, a modest objective given the stunt pulled by the SPSC (Silver Price Supporters Club) over at the Fed last week.
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Tuesday, September 18, 2012
Gold Targets $2,400 on QE Money Printings / Commodities / Gold and Silver 2012
Last week was a momentous one when the financial world passed the point of no return. Right after a German court cleared the way for massive European QE to get underway, steamrollering opposition from German politicians and the German public in the process, the Fed announced not just QE3, which was expected, but open-ended and unlimited QE and suppression of interest rates over a longer timeframe. The Fed has declared open warfare not just against the dollar and savers in general, but against the entire American middle and lower classes, who will be progressively stripped of their assets and impoverished, the better to serve the interests of the banking class and the elites at large.
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Monday, September 17, 2012
Silver Prices and the Risk of Speculator Double Jeopardy / Commodities / Gold and Silver 2012
When the price of silver eventually explodes to the upside, the silver market and those who are responsible for regulating it will probably blame the speculators.
Specs, or those who trade in a market without having an underlying commercial interest,have become the modern day scapegoats for extreme market movements, even if such movements seem entirely justified by the underlying fundamentals.
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Monday, September 17, 2012
Is Silver Fast On Its Way To $50? / Commodities / Gold and Silver 2012
There is not just a similarity in how gold and silver trade at the same time period, but also how they trade at similar milestones, despite the fact that those milestones are sometimes reached at different times. This can cause silver or gold to be the leading indicator, depending on the particular milestone. The 1980 peak for both gold and silver is definitely an important milestone. For this 1980 milestone, gold is undoubtedly the leading indicator (since gold has already passed its 1980 high), so it could help us to project what silver might do around this milestone.Read full article... Read full article...
Monday, September 17, 2012
Gold and Silver "Defending Gains" / Commodities / Gold and Silver 2012
THE WHOLESALE cost of buying gold dipped below $1770 an ounce during Monday morning trading in London, but remained less than ten Dollars below their six-month high hit last Friday, the day after the US Federal Reserve announced a third round of quantitative easing.
Prices for buying silver fell to around $34.50 an ounce this morning – 1.3% off Friday's high – as stocks and industrial commodities also edged lower and major government bond prices rose.
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Monday, September 17, 2012
Marc Faber Warns the Fed Will Take Your Gold Away From You One Day / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,767.25, EUR 1,349.36 and GBP 1,089.42 per ounce.
Friday’s AM fix was USD 1,772.50, EUR 1,359.70 and GBP 1,093.53 per ounce.
Silver is trading at $34.52/oz, €26.44/oz and £21.36/oz. Platinum is trading at $1,699.00/oz, palladium at $685.50/oz and rhodium at $1,050/oz.
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Monday, September 17, 2012
A New Gold Standard? / Commodities / Gold and Silver 2012
The US Republican Party recently announced its intention to set up a "gold commission", to examine the feasability or not of returning to a gold standard. This raises important questions, cutting across the neoclassical economic consensus, so is bound to be controversial. If the commission is appointed, it members will have to re-learn how gold works as money, take on board the consequences of its reintroduction, and understand the reasons why mixing un-backed paper and gold is a flawed compromise.
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Monday, September 17, 2012
Gold and Silver Rising Open Interest and Volume / Commodities / Gold and Silver 2012
Open Interest and Volume are both rising together on the daily chart in Gold, which historically has been healthy for a continuation in the trend. See right hand side 6 month daily chart below. I don’t have any near term resistance other than the round number 1,800.
The 30 minute chart, see left hand side below had two 30 minute bars with approximately 50,000 contracts traded in the past six trading days.
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Sunday, September 16, 2012
Gold Stocks Just Began a Huge Run Higher / Commodities / Gold & Silver Stocks
Jeff Clark writes: A big move in gold is coming...
After gold peaked just above $1,900 per ounce in August 2011, it took a well-deserved break. But now, after spending an entire year on hiatus, the bull is back.