Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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.
Sunday, September 16, 2012
The Next Recession Will Be Triggered By Crude Oil / Commodities / Crude Oil
I was confident that the Fed had already begun printing. That seemed quite evident by the overall action in the commodity markets, the dollar, and the fact that stocks were unable to correct in the normal timing band for a daily cycle low. However, I didn’t really expect Ben would come out and publicly admit it. That one took me by surprise Thursday. I guess Bernanke wants to get full value for his attack on the dollar and make sure that markets are rising into the election.
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Saturday, September 15, 2012
QE3 Removes Price Ceiling for Gold and Silver / Commodities / Gold and Silver 2012
Peter Schiff, chief executive officer of Euro Pacific Capital, recently gave an interview discussing the prospects of gold. When asked how high the price of gold may reach, he responded that there is no ceiling for the precious metal, because there is no limit on how much money will be printed. The Federal Reserve’s latest announcement confirms this theory, and paves the way for much higher gold and silver prices.
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Saturday, September 15, 2012
QE3 will drive up gold price but won't solve economic problems / Commodities / Gold and Silver 2012
Paul Brent writes: Gold's sharp price increase in response to yesterday's QE3 announcement compared to a smaller increase in equity prices indicates the futility of more fiat currency expansion, according to Bullion Management Group Inc.'s CEO Nick Barisheff. It confirms what he sees as gold priced at $10,000 an ounce.After yesterday's announcement of QE3, something dramatic occurred in the price of all precious metals. Gold futures shot 2.2% higher yesterday while the S&P was up 1.6%. Platinum, another precious metal, also rose more than 2% and silver jumped almost 4%.
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Friday, September 14, 2012
Is Bernanke screwing the Tooth Fairy? / Commodities / Gold and Silver 2012
Bernanke flushed the American economy down the toilet yesterday and along with it the hard-working citizens of the world’s most powerful country.
After Romney said he would remove Bernanke as Chairman of the Federal Reserve, Bernanke has gone all in for Obama who hasn’t been quite so specific about hiring and firing. No one should be too surprised that Bernanke is only thinking about saving his skin rather than the economy he will have to live in when he is eventually kicked off his post.
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Friday, September 14, 2012
Winds of Change Blow for Gold and Silver Mining Stocks / Commodities / Gold & Silver Stocks
Yesterday gold was little changed before the key Federal Reserve policy decision, a day after a German court ruling in favor of a euro zone rescue fund. The decision centered on challenges to Germany’s participation in the 500 billion euro ($639.3 billion) European Stability Mechanism, or ESM. Critics charged that the treaty behind the ESM robs Germany’s parliament of its constitutional authority over the country’s budget and had asked for an injunction to prevent the country’s president from signing it into law. In other words the Court ruled that it is constitutionally permissible for Germany to finance the debt of other nations.
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Friday, September 14, 2012
Silver Bull Market Seasonals / Commodities / Gold and Silver 2012
Silver is mined year-round at a fairly constant rate across the globe. Thus it is somewhat counterintuitive that this metal would exhibit marked seasonal tendencies tied to the calendar. But it sure does. Unlike the agricultural commodities, silver’s seasonality is driven by fluctuations in demand rather than supply. And silver is just entering its strongest time of the year, which is very bullish for it and its miners’ stocks.
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Friday, September 14, 2012
The Bottom Line on Gold, the U.S. Dollar, and the Euro / Commodities / Gold and Silver 2012
Louis James, Casey Research : One of the points we've made several times over the last year is that traders stuck in an old paradigm are frequently selling gold for the wrong reasons.
The most egregious (or just plain silly) example is that gold often drops when the euro drops.
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Friday, September 14, 2012
QE3 Triggers Higher Inflation Risks Gold Seen Hitting $1850-$1900 / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold bullion prices held above $1770 an ounce for most of Friday morning's London trading, near their six-month highs hit after the US Federal Reserve announced a third round of quantitative easing (QE3) yesterday, leading to warnings that the risk of inflation has risen.
"After the move [gold bullion] had, not just yesterday, but over the last two or three weeks I think it would be natural to look for a period of consolidation," says Credit Suisse analyst Tom Kendall in London.
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Friday, September 14, 2012
Money Printing No Limits, So Buy Gold and Silver / Commodities / Quantitative Easing
The European Central Bank's latest maneuvers jettison limits to the expansion of its balance sheet. The ECB's manner of improvisation is reminiscent of Federal Reserve Chairman Ben S. Bernanke's dismissal of legal restrictions in 2008, when Bernanke talked his way around the law before pliant, ignorant, and frightened politicians.
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Friday, September 14, 2012
Gold and Silver Surge on Fed 'Currency Debasement 3' (QE3) / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,772.50, EUR 1,359.70 and GBP 1,093.53 per ounce.
Yesterday’s AM fix was USD 1,730.50, EUR 1,339.81 and GBP 1,073.64 per ounce.
Silver is trading at $34.64/oz, €26.53/oz and £21.43/oz. Platinum is trading at $1,700.20/oz, palladium at $695.75/oz and rhodium at $1,050/oz.
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Friday, September 14, 2012
QE3 Loose Money Here Again and Gold Stocks Love It! / Commodities / Gold & Silver Stocks
Stock and commodity prices across the board soared on the latest announcement from the Fed, which was viewed as wildly bullish by Wall Street. The Federal Reserve launched another aggressive stimulus program on Thursday, promising it would buy $40 billion worth of mortgage debt per month and continue to purchase assets “until the outlook for jobs improves substantially.”Read full article... Read full article...
Friday, September 14, 2012
One-trick pony Ben Bernanke, Here Comes the Gold Stock Mania! / Commodities / Gold and Silver 2012
One-trick pony Ben Bernanke woke up this morning, hopped in his limo, and headed off to save the world! Or at least, in his own mind he did.
As many of us who are paying attention know, however, Ben Bernanke is an idiot-savante of memorizing statist and completely fallacious economic ideas born from an even more disturbed man named John Maynard Keynes. These and other Keynes Kool-aid drinkers like Paul "I look homeless" Krugman believe things like breaking windows improves the world because broken windows make more work for us slaves to do. They also believe that counterfeiting pieces of paper with dead criminals painted on them can improve the world... as it makes us all "feel" wealthier, even though we are poorer. They even believe that if the latest round of QE doesn't work that we may have to resort to burying the newly printed Federal Reserve Notes and then paying people to dig them up... or fake an alien invasion... to "improve" the economy!
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