Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, May 11, 2012
Gold Questioning Fed's Effectiveness / Commodities / Gold and Silver 2012
By: Chris_Ciovacco
Central bankers want us to believe that monetary policy is about banks, interest rates, and the ability to get a "cheap" loan. The 2002 quote below from Ben Bernanke points to the primary goals of printing money - to boost asset prices and "scare' people into consuming and investing before prices go up.
Thursday, May 10, 2012
The Influence of the General Stock Market and Crude Oil on Gold / Commodities / Gold and Silver 2012
By: Przemyslaw_Radomski
We’re getting whiplash from all the political changes in Europe, neo-Nazis in an unstable government in Greece and a changing of the guard in France-- "adieu" to Nicolas Sarkozy. We see plenty of reasons for holding on to our long-term gold positions despite the clobbering the yellow metal got on Wednesday down to a four-month low. The euro tumbled this week against the dollar in the worst run since 2008. There is an intense resurgence of political risk in Europe and a couple of months of weak jobs numbers in the U.S. All that has put stimulus back on the table. Another item on the table is the risk of a Greek euro exit, which has risen to as high as 75 percent; according to Citigroup Inc. We also see a rising anti-austerity tide gaining ground in Europe and the abolishing of a gold excise duty in India, all favorable for gold.
Thursday, May 10, 2012
Gold and Silver Steady as China Spurns Euro Debt, Greece Warned on Euro Exit / Commodities / Gold and Silver 2012
By: Adrian_Ash
WHOLESALE MARKET prices to buy gold and silver repeated yesterday's rally in London trade after a slight drop Thursday morning, rising back above $1594 and $29.30 per ounce respectively as platinum and palladium also stemmed this week's sharp drops.
"Technically, many [precious metals] are now oversold," says a note from dealers Intl FC Stone, pointing to chart analysis and noting that gold trading volume on the Globex futures platform was 40% above the last month's quiet average on both Tuesday and Wednesday.
Thursday, May 10, 2012
Goldman Sees “Currency of Last Resort” Up 15 pc At $1,840/oz in 6 Months / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,590.00, EUR 1,228.37, and GBP 987.39 per ounce. Yesterday's AM fix was USD 1,585.50, EUR 1,221.87 and GBP 984.17 per ounce.
Silver is trading at $29.13/oz, €22.60/oz and £18.15/oz. Platinum is trading at $1,492.73/oz, palladium at $612.20/oz and rhodium at $1,300/oz.
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Thursday, May 10, 2012
Gold Bullish Patterns / Commodities / Gold and Silver 2012
By: Hubert_Moolman
Here are a few patterns that might explain the current fall in the gold price, as well as, provide the possible way forward.Below is a graphic (all charts are from fxstreet.com) which compares the current pattern on gold (about July 2011 to current) to a 2007 pattern:
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Thursday, May 10, 2012
Why Gold Might Be Setting Up For a Big Move Higher / Commodities / Gold and Silver 2012
By: Michael_J_Kosares
Counter-intuitive forces are at work in the gold market. Europe is moving toward dissolution – erratically to be sure but inevitably nevertheless. Intuition tells us that gold should be moving higher under the circumstances, after all, we are talking about the beginning phases of a major currency, and perhaps economic, collapse.
Thursday, May 10, 2012
Rick Rule's Primer on Contrarian Market Speculation, Compelling Case for Gold Stocks / Commodities / Gold & Silver Stocks
By: Casey_Research
In an interview with Louis James, Rick Rule provides an excellent summary of what contrarian speculation investment is and makes a powerful case that the current metals climate means gold stocks are the play to make.
Thursday, May 10, 2012
Bottom for Gold GDX Miners ETF? / Commodities / Gold & Silver Stocks
By: Mike_Paulenoff
Today's action in the Market Vectors Gold Miners ETF (GDX) has the makings of a key upside reversal on relatively high volume. This comes in the aftermath of a 27-month new low and barely any participation in the October 2011 - April 2012 bull phase in the S&P 500.
A major upside reversal (on a close above 42.85) comes after what appears to be a two- leg correction of equidistant magnitude. The first leg was off of the September 2011 high at 66.98 into the December 2011 low at 49.22 (-$17.76). After an intervening rally to the February 2012 high at 57.94, the second leg down was a near-vertical decline to today's low of 41.10 (-$16.84).
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Thursday, May 10, 2012
Gold Is Money / Commodities / Gold and Silver 2012
By: Elliot_H_Gue
For centuries, the yellow metal has been viewed as a store of wealth. Unlike dollars, euros or yen, gold can’t be printed or created out of thin air. Gold is a proven hedge against inflation; it’s also a hedge against crises. During the Great Recession of 2008-09, the worst economic downturn since the 1930s, gold prices rallied from $840 per ounce at the end of 2007 to over $1,200 by the end of 2009, even though inflation over this period remained subdued.
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Wednesday, May 09, 2012
Gold Hits 4-Month Low as Markets Fear Greek "Knock-On Effects" / Commodities / Gold and Silver 2012
By: Ben_Traynor
SPOT MARKET gold bullion prices fell to their lowest level in four months during Wednesday morning's London trading, hitting $1581 an ounce – 3.7% down on the week so far – while European stock markets and commodities also fell and US Treasuries gained, with Greek uncertainty continuing to cast a shadow.
A day earlier, gold fell below $1600 for the first time since early January.
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Wednesday, May 09, 2012
Asian Gold Buying on Roubini Dip / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,585.50, EUR 1,221.87, and GBP 984.17 per ounce. Yesterday's AM fix was USD 1,627.00, EUR 1,250.77 and GBP 1,008.99 per ounce.
Silver is trading at $28.77/oz, €22.27/oz and £17.92/oz. Platinum is trading at $1,506.75/oz, palladium at $613.20/oz and rhodium at $1,300/oz.
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Wednesday, May 09, 2012
Why Civilized People Should Buy Gold / Commodities / Gold and Silver 2012
By: Gary_North
"Gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939 but civilized people don't buy gold – they invest in productive businesses." ~ Charlie Munger
Charlie Munger is Warren Buffett's partner. He is 88 years old. You can see his remark in this brief extract from an interview on CNBC.
That sounded clever. But cleverness can conceal a great deal.
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Wednesday, May 09, 2012
Anti-Gold Propaganda Push, Gold Cover Clause for Enabling Competing New Currencies / Commodities / Gold and Silver 2012
By: Jim_Willie_CB
If today's landscape was a war setting, it would feature collapsed buildings, rubble on the streets, empty warehouses, smoke spewing upward from numerous city heaps, and fire hoses sending water in every conceivable direction throughout the entire city. And sadly, also dead bodies littered everywhere. They serve as the economic damage. The city ruins are marred by additional water damage, rubber boots a necessity. The buildings can be seen as the crumbled sovereign bonds. The street rubble is the home equity destroyed, some still underwater. The shattered warehouses are businesses either wrecked or in fast retreat. The smoke is the painful emotions based in despair, loss, and absent opportunity. In stark display, the fire houses are the central banks printing and dispensing money from tainted sources, not from factory income but rather the vacuous Weimar press. Of key significance is the compounded damage inflicted by the water itself. ZIRP and QE are tandem weapons of mass destruction that have been at work toward business destruction and capital ruin of the USEconomy for three full years. The zero interest rate policy assures the wrong pricing of money, the capital fuel, thus distorting all markets. The quantitative easing is based in extreme desperation, as the USGovt has lost the majority (80%) of its foreign creditor support.
Tuesday, May 08, 2012
Gold Bull Market Over? / Commodities / Gold and Silver 2012
By: Mike_Paulenoff
While today's $45 plunge in spot gold has violated the monthly low at $1612.47 and pressed the price structure to a new 9-week reaction low at $1595.32, let's notice that the pattern emerging from the very big picture continues to carve out a massive high-level congestion area in the form of a large triangle that is perched atop a 12-year bull run.
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Tuesday, May 08, 2012
Warren Buffet vs Gold and Silver… the Winner is… / Commodities / Gold and Silver 2012
By: Paul_Mladjenovic
Recently, the folks at Berkshire Hathaway have talked down precious metals. Warren Buffet and Charles Munger (two titans of the stock investing world) had made some unkind remarks about precious metals in general and gold in particular.
I have tremendous respect for them (who doesn't?) and I think that if the topic is "long-term stock investing" then few (if any) could match the performance they have racked up in recent decades. I wish them continued health and prosperity!
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Tuesday, May 08, 2012
Silver Price Falls to Lowest Level Since January / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE MARKET gold prices fell to $1625 an ounce during Tuesday morning's London trading – their lowest level in over a fortnight – as stocks and commodities also ticked lower and the Dollar extended recent gains, with markets still digesting the weekend's French and Greek election results.
"Support [for gold] is at $1625, where we have seen very good support since early April," says the latest technical analysis from bullion bank Scotia Mocatta.
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Tuesday, May 08, 2012
Turkey Exports “Massive Quantities Of Gold” to Iran and Arab Spring Nations / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,627.00, EUR 1,250.77, and GBP 1,008.99 per ounce. Friday's AM fix was USD 1,629.50, EUR 1,240.20 and GBP 1,007.54 per ounce.
Silver is trading at $29.74/oz, €22.91/oz and £18.47/oz. Platinum is trading at $1,525.50/oz, palladium at $635.40/oz and rhodium at $1,350/oz.
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Tuesday, May 08, 2012
Gold and Financial Preparedness / Commodities / Gold and Silver 2012
By: Submissions
Mark Motive writes: There is a growing number of people in America hoping for the best... but preparing for the worst. These people - often called "preppers" - believe in self-sustainability, in terms of health, wealth, and liberty. As a former Boy Scout, I can certainly appreciate the desire to be prepared for any eventuality.
Tuesday, May 08, 2012
Gold is at or Very Near, a Long-Term Bottom / Commodities / Gold and Silver 2012
By: Toby_Connor
I am making Monday's premium report available to the public.
I doubt anyone was surprised by the reversal in the dollar index today.
Tuesday, May 08, 2012
Gold Stocks, It's This Bad Because It's a Bottom / Commodities / Gold and Silver 2012
By: The_Gold_Report
Eric Coffin, editor and publisher of the Hard Rock Analyst newsletter, has never heard so much negativity from investors. "Everybody thinks the world is coming to an end," he tells The Gold Report. As a contrarian, all the doom and gloom tells him the market is about to pull out of its tailspin. In this exclusive interview, Coffin talks about the hard-hit juniors in the Yukon and why it's an area play he still believes in.
The Gold Report: Eric, the gold bears recently outnumbered the gold bulls in Bloomberg's weekly Gold Bull/Gold Bear Sentiment Survey for the fourth time in a year. Are you a bull or a bear?
Eric Coffin: I think the gold price is going to end the year higher, so I guess that makes me bullish, but I think of myself as agnostic.
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