Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, February 17, 2012
Ultra Nat Gas ETF Approaching Resistance / Commodities / Natural Gas
By: Mike_Paulenoff
Today's pop in natural gas impacted the ProShares Ultra DJ UBS Natural Gas ETF (BOIL) positively, with the latter's price structure climbing above its February resistance line (green) and continuing towards a confrontation with more significant resistance at 14.50/55.
A close above 14.55 should trigger upside continuation and acceleration to 15.20/50. At this juncture, only a decline that breaks 13.50 will begin to compromise the timing of the upside breakout.
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Friday, February 17, 2012
Gold and Silver Short-term Dip Still Likely / Commodities / Gold and Silver 2012
By: Przemyslaw_Radomski
We like Warren Buffett. We respect Warren Buffett. We’d love to sit and have lunch with him one day. As an investor, Warren Buffett is in a class all of his own. But the Oracle of Omaha just keeps bashing gold at every opportunity.
In an article published in Fortune Magazine, based on his upcoming annual Berkshire Hathaway shareholder letter, Buffett again dismissed the yellow metal. It is hard to argue with a man whose bank balance is a zillion times bigger than yours. Obviously he has been right plenty and has the bank balance to prove it. But meantime, all the while that he has been bashing gold, it has bulldozed its way up and gold bugs have been laughing all the way to the bank.
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Friday, February 17, 2012
Silver Eagles Soar / Commodities / Gold and Silver 2012
By: Richard_Mills
In World War I severe material shortages played havoc with production schedules and caused lengthy delays in implementing programs. This led to development of the Harbord List - a list of 42 materials deemed critical to the military.
After World War II the United States created the National Defense Stockpile (NDS) to acquire and store critical strategic materials for national defense purposes. The Defense Logistics Agency Strategic Materials (DLA Strategic Materials) oversees operations of the NDS and their primary mission is to "protect the nation against a dangerous and costly dependence upon foreign sources of supply for critical materials in times of national emergency."
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Friday, February 17, 2012
Gold’s Pullback An Opportunity? / Commodities / Gold and Silver 2012
By: Chris_Ciovacco
We mentioned Wednesday that we were interested in the charts of gold and gold mining stocks. Gold mining stocks responded today with sharp gains. Given that more money printing is on the way (much more), we added gold and gold mining stocks to our allocation today. Gold has been correcting for two weeks allowing for an improved risk/reward entry. Gold remains $195 below its peak made last year, and $37 below its recent early February peak.
Friday, February 17, 2012
"Quiet Session" Sees Gold and Silver Flat / Commodities / Gold and Silver 2012
By: Ben_Traynor
SPOT MARKET prices for buying gold held just above $1730 an ounce during flat trading this morning in London, as speculation continued over whether a Greek bailout will be agreed next week.
Prices for buying silver were also very flat – hovering above $33.50 an ounce – as were those for commodities and stocks ahead of President's Day in the US on Monday.
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Friday, February 17, 2012
Gold Testing Support At $1,700 And Gains in XAU and HUI Are Positive / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,732, EUR 1,316.51, and GBP 1,093.09 per ounce.
Yesterday's AM fix was USD 1,716, EUR 1,320.51, and GBP 1,094.74 per ounce.
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Friday, February 17, 2012
How to Make Over 100% Profit Using Silver Options / Commodities / Gold and Silver 2012
By: Money_Morning
Larry D. Spears writes:
If you listened to Money Morning's recent special report from global resources expert Peter Krauth, you know the long-term outlook for silver is decidedly positive.
Soaring investment demand, continued industrial use, a growing supply shortage, and falling ore quality all signal a sharply bullish outlook for the "poor man's precious metal."
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Friday, February 17, 2012
Gold and the Next Great War / Commodities / Gold and Silver 2012
By: Clif_Droke
Let's turn our attention to a cycle which we've rarely discussed over the years. The Kress 24-year cycle is one of the components of the 120-year cycle series which is scheduled to bottom in 2014. The 24-year cycle tends to get eclipsed by the longer-term cycles like the 40-year and 60-year cycles (both of which have a major impact on equity prices and the economy). But the 24-year cycle takes on a special significance all on its own: it's the cycle of war.
Friday, February 17, 2012
Why Gold, 'In Extremis?' Are We There? / Commodities / Gold and Silver 2012
By: Julian_DW_Phillips
Iran
Last week we informed you that Iran claims to hold 907 tonnes of in gold reserves.
This week we're informed that Iran is using gold or oil to buy food as new financial sanctions have hurt its ability to import basic staples for its 74 million people. The difficulty paying for urgent import needs has contributed to sharp rises in the prices of basic foodstuffs, causing hardship for Iranians with just weeks to go before an election seen as a referendum on President Mahmoud Ahmadinejad's economic policies.
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Friday, February 17, 2012
Silver Prices Soften as Greek Tragedy Continues / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
Prices for precious metals met resistance as Greece continues to be the main focal point in the ongoing European financial crisis. Despite agreeing to strict austerity measures, including cutting 15,000 public sector jobs and cutting the minimum wage by 22 percent, the coalition leaders would not agree to make substantial cuts in supplementary pensions.Read full article... Read full article...
Friday, February 17, 2012
Silver Enters Short Term Trading Range in Bullish Overall Technical Picture / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
The technical picture for spot silver has been decidedly bullish since the grey metal made what seems to be a double bottom pattern on its price chart. Basically, the price of silver has fallen to a set of notable medium term lows, first at the $26.05 level on September 26th of last year, and more recently at the $26.15 level on December 29th.Read full article... Read full article...
Thursday, February 16, 2012
Gold Fire Sale, Buy Now Sale Ends Soon / Commodities / Gold and Silver 2012
By: Darryl_R_Schoon
Inverse Lin-omena, the inverse of the Jeremy Lin phenomena where the unknown and previously discounted suddenly rise to prominence; here, the powerful and previously secure suddenly fall.
Today, central bankers, the mandarins of capitalism, are in disarray. Their attempts to contain capitalism’s current crisis increasingly resemble the tactics of a defeated army in retreat. Like Napoleon and Hitler’s respective “Moscow moments”, the 21st century economic crisis has brought to an end the bankers’ spectacular 300 year run at the table of power and wealth.
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Thursday, February 16, 2012
Will Gold Cleanse The World From Dirty Fiat Currencies? / Commodities / Gold and Silver 2012
By: Eric_McWhinnie
On Wednesday, precious metal prices climbed higher as European finance officials considered delaying parts or even all of a second bailout package for Greece. Although gold and silver prices often move inversely of the U.S. dollar, all three edged higher on the news. Despite a temporary boost in the dollar this month, gold and silver continue to receive support from extremely loose global monetary policies.
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Thursday, February 16, 2012
Gold Demand Trends Show Chinese Growth, Indian Weakness / Commodities / Gold and Silver 2012
By: Adrian_Ash
WHOLESALE MARKET prices to buy gold bullion slipped further on Thursday in London, falling to a three-week low beneath $1709 per ounce as a raft of positive US data buoyed the Dollar, and fresh rumors broke of a Eurozone exit for Greece.
Last night's phone-conference of Euro politicians said that Greece must accept extra budgetary oversight if it is to get the extra bail-out funds to meet March's critical bond-repayment deadline.
Thursday, February 16, 2012
Global Gold Demand in 2011 Rises 0.4% To $200 Billion - Central Banks, Asia and Europe Diversifying Into Gold / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,716.00, EUR 1,320.51, and GBP 1,094.74 per ounce.
Yesterday's AM fix was USD 1,725.50, EUR 1,309.88, and GBP 1,099.33 per ounce.
The World Gold Council released its comprehensive report today, “Gold Demand Trends Q4 and Full Year 2011” looking at demand in gold demand in full year 2011 and the 4th quarter of 2011.
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Thursday, February 16, 2012
Broad Market Nearing Resistance while Gold Stocks Basing After Bottom / Commodities / Gold & Silver Stocks
By: Jordan_Roy_Byrne
While the gold stocks have enjoyed a decent recovery, they have certainly lagged the broad market which has almost broken out to new highs. Should you be worried that a major shift is in place? Hardly. The fact is the broad market is in the latter stages of its a cyclical bull while gold stocks just completed a major bottom. Don't call us doom and gloomers because we do not foresee a real bear market. The last phase of a secular bear market tends to be mild in nature but coincides with a strong move in resources, higher inflation and higher interest rates. In looking at the charts, we expect 2012 to be a transition year in which precious metals reemerge while the broad market peters out at resistance.
Thursday, February 16, 2012
Gold, Silver Heading Up / Commodities / Gold and Silver 2012
By: The_Gold_Report
Roger Wiegand, editor of Trader Tracks, says cycles will bring gold and silver higher in the first half of 2012: gold up to $2,050/oz and silver up to $44/oz or even $50/oz. He sees plenty of opportunities for volatility given the political and economic situation in the U.S. and the EU. In this exclusive Gold Report interview, Wiegand reveals names of mining companies poised to profit.
The Gold Report: Roger, you attributed the recent uptick in the gold price in part to large funds bidding up the price. But these funds have also shown their willingness to sell their gold positions to cover their short positions. Can gold investors look forward to more volatility this year?
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Wednesday, February 15, 2012
Brent Crude Oil ETF on the Rise / Commodities / Crude Oil
By: Mike_Paulenoff
Looking at the U.S. Brent Oil Fund ETF (BNO), all of the action off of last Thursday's high at 82.56 represents a high-level bullish consolidation area that ended yesterday. The pattern is resolving itself to the upside in a thrust towards 84-84.50 next.
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Wednesday, February 15, 2012
Copper Price Forecast, The Fall of The Chinese Miracle 2012 / Commodities / Metals & Mining
By: Submissions
Jaroslaw Suplacz writes: Firstly, cycles
The copper consumption has been strongly polarized in recent years. China uses more copper than North America and Europe combined. A drop in copper demand in China alone will signify a global crisis in industries pertaining to this natural raw material.
Despite the high and long-lasting economic growth of China (“despite” and “because of it”) one must remember that economy develops in economic cycles, including long lasting ones, after the economic boom of the Middle Kingdom, there will be a deep recession. The financial system of China may prove to be a bubble and currency reserves, although they appear enormous, will lose their significance against the scale of outstanding credits which were used to finance, among other things, rushed government investments – all of it is still ahead of China.
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Wednesday, February 15, 2012
PIMCO, Texas Teacher Retirement System, Soros Buy GLD; Paulson Sells / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,725.50, EUR 1,309.88, and GBP 1,099.33 per ounce.
Yesterday's AM fix was USD 1,721.00, EUR 1,303.10, and GBP 1,091.80 per ounce.
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