Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, June 12, 2012
Gold Rallies Back Above $1600, as Italy "May Also Need Rescuing" / Commodities / Gold and Silver 2012
By: Ben_Traynor
BULLION prices on the wholesale gold market rose back above $1600 an ounce shortly before Tuesday's US trading, after failing to breach that level in the earlier Asian session, while European stock markets also ticked higher after a quiet morning's trading.
A day earlier, gold briefly rose above $1600 on Monday following the news that Spain will borrow up to €100 billion to rescue its banks, but along with stocks and the Euro gold failed to hold those gains.
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Tuesday, June 12, 2012
Gold Price $1525 Support Seems Likely to be Broken / Commodities / Gold and Silver 2012
By: Brian_Bloom
Speaking dispassionately, the chart below (courtesy stockcharts.com) shows three historically bearish break-downs (blue arrows) and three potentially important bearish developments (purple arrows).
Tuesday, June 12, 2012
Takes A Global Recession To Reduce Gas Prices By Just 40 Cents! / Commodities / Gas - Petrol
By: James_Quinn
You can’t watch the mainstream media propaganda channels for more than ten minutes without a talking head breathlessly announcing that gas prices have dropped for the 24th day in a row and are now back to $3.55 a gallon. Wall Street oil analysts, who are paid hundreds of thousands of dollars per year to tell us why prices rose or fell after the fact, are paraded on CNBC to proclaim the huge consumer windfall from the drop in price. This is just another episode of a never ending reality show, designed to keep the average American sedated so they’ll continue to spend money they don’t have buying crap they don’t need. The brainless twits that pass for journalists in the corporate mainstream media never give the viewer or reader any historical context to judge the true impact of the price increase or decrease. The government agencies promoting the storyline of those in power extrapolate the current trend and ignore the basic facts of supply, demand, price and peak oil. The EIA is now predicting further drops in prices. Two months ago they predicted steadily rising prices through the summer. What would we do without these government drones guiding us?
Tuesday, June 12, 2012
Gold Deposits Of USD 1 Billion To Be Collected By Turkish Bank / Commodities / Gold and Silver 2012
By: GoldCore
Today's AM fix was USD 1,589.25, EUR 1,271.40, and GBP 1,025.65 per ounce.
Yesterday’s AM fix was USD 1,593.00, EUR 1,264.79, and GBP 1,023.45 per ounce.
Silver is trading at $28.67/oz, €22.92/oz and £18.52/oz. Platinum is trading at $1,448.00/oz, palladium at $618.00/oz and rhodium at $1,200/oz.
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Monday, June 11, 2012
Gold Stocks, How to Invest Your Mother's Money – And Keep Your Peace of Mind / Commodities / Gold & Silver Stocks
By: Jeff_Clark
Jeff Clark, Casey Research writes:
I manage one of my mother's IRA accounts, and when it comes to investing, she doesn't like to take a lot of risks. I guess the same would be true for most of our mothers – and maybe for many of us as well.
Unfortunately, after surveying today's investment landscape, I see numerous risks – stock markets seem propped up and vulnerable, many major economies have low or suspect growth, and many currencies are being actively devalued or weakened by government actions. Even the number of options to park money is limited since investors can't earn a reasonable interest rate.
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Monday, June 11, 2012
Where Silver Trumps Government Central Planning / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
The current worldwide political landscape is full of examples where the politics and economy connect.
In fact, economic policy is largely driven by politics in most countries around the globe.
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Monday, June 11, 2012
One Billion Silver Ounces and 100 Billion Owners / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
When considering whether silver is a good investment for the future, you might want to take a closer look at the current above ground supply of silver.
A reasonable estimate is that roughly 1 billion ounces of silver currently exists above ground in investment grade form.
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Monday, June 11, 2012
Gold Falls Back as it "Tracks U.S. Dollar", Italy Comes "Under Scrutiny" after Spanish Bailout / Commodities / Gold and Silver 2012
By: Ben_Traynor
SPOT MARKET gold prices dropped back below $1600 an ounce Monday morning in London, having briefly risen above that level in Asian trading, as stocks and the Euro also began the week strongly and US Treasuries fell following news that Spain is to receive a bailout.
Silver prices also jumped as Asian markets opened, before they too traded lower, falling to around $28.70 per ounce ahead of the start of US trading.
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Monday, June 11, 2012
Silver Could Preserve More Value Than Gold / Commodities / Gold and Silver 2012
By: Hubert_Moolman
The fundamentals for silver and gold are very strong, and with all the massive bailouts, which are increasing debt levels, they are just getting stronger. Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals.Read full article... Read full article...
Monday, June 11, 2012
Why Warren Buffett is Loading Up on Tungsten / Commodities / Metals & Mining
By: Money_Morning
Don Miller writes:
Warren Buffett is at it again.
Although he says he doesn't want to own gold, the world's most famous investor has taken a shine to what may be the most precious metal of the 21st century - tungsten.
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Monday, June 11, 2012
Gold Producers for Growth, Juniors for Speculation / Commodities / Gold and Silver 2012
By: Jordan_Roy_Byrne
In the early days of this bull market many prominent analysts and leaders from the bullish camp noted that the juniors would be the way to best leverage the bull market. The thinking was that juniors were a call option on Gold and senior producers because of their lack of exploration in the previous decade would need to acquire the juniors to replaces reserves and grow production. From 2002 to 2007 the juniors performed quite well. Yet, five years and two cyclical bear markets later, the juniors have lost their luster while Gold has nearly tripled in the same period. In this missive we look at some charts to decipher time to buy juniors and when they should be avoided.
Monday, June 11, 2012
Gold Data Hints at Possible Market Upswing / Commodities / Gold and Silver 2012
By: Alasdair_Macleod
With eurozone troubles taking yet another turn for the worse, China’s economy struggling, and US jobs data showing the American economy is again heading in the wrong direction, gold has at last started to make some interesting moves. While it is often a mistake to directly link the price of gold to specific macro-economic events, the coincidence is notable.
Sunday, June 10, 2012
Gold Elliott Wave Analysis / Commodities / Gold and Silver 2012
By: WavePatternTraders
With the decline seen this past week it makes the move from $1526.30 a 3 wave move, so whilst price is under $1641, the option is that prices will see under $1526 and likely to test the lower support band between $1460-80.
Unless this pushes back above $1641, the bears are still in control of all the time frames except the daily picture, so the bears have a clear control point short term which is at $1641.
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Saturday, June 09, 2012
What’s Wrong With Gold? / Commodities / Gold and Silver 2012
By: Sy_Harding
While the stock market has been a loser on a buy and hold basis over the last 12 years (the S&P 500 is still 14% below its peak in 1999), gold surged up 625% over the same period, from $255 an ounce in 1999 to its recent high of $1,850 in March. As with each of its previous record highs there was much excitement and widespread forecasts of $2,500 gold by year end, $5,000 gold in the not too distant future.
But this time instead of still higher highs, gold has dropped $300 an ounce.
Friday, June 08, 2012
Gold Falls Following "Bernanke Curve Ball" as US "Lacks Credible Fiscal Plan" / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE MARKET prices for gold bullion hit a low of $1561 an ounce during Friday's Asian session – 4.8% down on this week's high – while stocks and commodities also fell this morning and major government bond prices gained.
On the currency markets, the Euro dropped back below $1.25 as the Dollar rallied, after Federal Reserve chairman Ben Bernanke yesterday "disappointed" traders by not making a firm commitment to a third round of quantitative easing, known as QE3.
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Friday, June 08, 2012
Gold Legend Says 'The End Is Not Near, It Is Here and Now' / Commodities / Gold and Silver 2012
By: GoldCore
Today's AM fix was USD 1,576.00, EUR 1,264.34, and GBP 1,021.72 per ounce.
Yesterday’s AM fix was USD 1,620.75, EUR 1,288.66, and GBP 1,046.25 per ounce.
Silver is trading at $28.40/oz, €22.87/oz and £18.47/oz. Platinum is trading at $1,428.50/oz, palladium at $612.40/oz and rhodium at $1,200/oz.
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Friday, June 08, 2012
QE Will Determine Gold Price Performance During Second Half of 2012 / Commodities / Gold and Silver 2012
By: Bob_Kirtley
Gold prices jumped last week when the unemployment rate was reported unchanged at 8.2%. The consensus for the May payroll figures was 150,000, however, the actual number was 69,000 and it was announced alongside downward revisions for the March and April figures. These poor jobs numbers have been interpreted as increasing the pressure on the Federal Reserve to take action in the form of some kind of financial stimulus, such as the creation of more cash. The continuing debasement of the dollar adds upward pressure on gold and hence the move from $1550.00/oz to today's price of $1621.00/oz. The next meeting of the Federal Reserve is scheduled for the 19th/20th June 2012 and no doubt the investment community will be listening for at least a hint of some form of stimulus from Ben Bernanke.
Friday, June 08, 2012
A Major Uranium Supply Gap Is Looming / Commodities / Uranium
By: The_Energy_Report
With Japan set to restart reactors and Russia's Megatons to Megawatts program near its expiration date, Analyst Edward Sterck thinks uranium stocks could pick up momentum, even if uranium prices show no inclination of heading north. In this exclusive interview with The Energy Report, Sterck warns of a supply-demand gap that could hit the world as early as 2015. In the meantime, consolidation is the name of the game.
The Energy Report: Why is the uranium market still down more than a year after the Fukushima accident?
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Friday, June 08, 2012
Gold Drops as Bernanke Strikes Again! / Commodities / Gold and Silver 2012
By: Ben_Traynor
Another big fall for gold as the Fed chairman appears before Congress...
SIX DAYS after they climbed back above $1600 an ounce, gold prices dropped back below that level on Thursday, as Federal Reserve chairman Ben Bernanke appeared before Congress at the Joint Economic Committee.
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Friday, June 08, 2012
The Best ETFs for Any Move in Crude Oil Prices / Commodities / Crude Oil
By: Money_Morning
Larry D. Spears writes:
Crude oil prices have been hammered of late.
The cost of oil fell 21.8% between May 1 and June 1 - from $106.50 to $83.23 a barrel - the sharpest monthly drop since December 2008.
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