Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, May 10, 2011
Gold Pullback Temporary / Commodities / Gold and Silver 2011
By: Bloomberg
John Burbank of Passport Capital spoke exclusively with Bloomberg Television's Margaret Brennan this morning. He said that he's betting on declines in all commodities because of the end of QE2 and that gold may drop until August.
Burbank also said that unless governments inject liquidity into the market, commodities will “trend” back toward price levels seen at the start of QE2.
Monday, May 09, 2011
Commodities After The Crash, No Way But Up / Commodities / Commodities Trading
By: Andrew_McKillop
After a suspiciously short and likely programmed commodities crash we can only have the right hand leg of a "V" profile for commodity prices - until and unless big things happen with the major currencies and national debt crises of most OECD countries, or we have a global economic crash. To be sure, this is the context for highly classic speculative frenzies, where fundamentals are put on the back burner, and the front burners are turned to full on.
Monday, May 09, 2011
Impact on Gold Market If China Economy Overtakes U.S. / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
We heard that China's economy was going to be the same size as the U.S. economy by 2016. This is considerably faster than U.S. economists thought would be the case just two years ago. At the speed China is growing it will dwarf the U.S. by 2020. The encouragement the Chinese government has given to the development of the gold market in China and the direct incitement from them to buy gold tells us that this is a long-term policy. It also tells us that they would not favor a significant rise in the exchange rate of the Yuan, particularly against the dollar, because this would lower the gold price in the Yuan. So what will the Chinese gold market look like in 2020?
Monday, May 09, 2011
Gold and Silver Trends Depend on US Policy / Commodities / Gold and Silver 2011
By: Adrian_Ash
THE PRICE OF GOLD reversed half of a 1% rally to $1510 per ounce in London on Monday, easing back as the US Dollar rose on the forex market and European stock markets fell hard.
US crude oil contracts stalled after a 2.7% rally took them back to $100 per barrel.
Monday, May 09, 2011
The Commodities Bubble Hasn't Burst, It's Just Taking a Breather / Commodities / CRB Index
By: Money_Morning
Kerri Shannon writes:
Panicked investors retreated from silver, oil and copper this week, leading many to believe the commodities bubble had finally popped - but experts say this bull market will pick up again.
The Standard & Poor's GSCI Index that follows 24 raw materials fell as much as 11.4% in five days, the longest losing streak since August.
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Monday, May 09, 2011
Is It Time to Buy Silver? / Commodities / Gold and Silver 2011
By: Jared_Levy
Unless you have been hiding under a rock, you probably know that silver has had a major correction over the past week. The precious metal plummeted about 30% from a high of almost $50 an ounce to less than $35 yesterday. This six-day drop is one of the largest since 1983.
Silver has given back just about all of its gains for the past month and some traders are thinking it might be time to get long. But before you run and buy silver, there are a couple things to consider.
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Monday, May 09, 2011
Gold Transition to the D-Wave / Commodities / Gold and Silver 2011
By: Toby_Connor
Don't let the title fool you, for reasons I've outlined in this weekend's report I think gold likely has one more move to new highs before the D-wave begins.However the action in the dollar and silver this week has probably taken the parabolic phase of this C-wave off the table. Rather than the normal sharp spike up it appears that this C-wave is going to end with a more modest move than prior C-waves. That being said it did last much longer and gain just as much above the prior C-wave top as any other C-wave. So in terms of duration and magnitude this C-wave has fulfilled every expectation.
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Sunday, May 08, 2011
Silver Investors Shock and Horror, Where Next? / Commodities / Gold and Silver 2011
By: Clive_Maund
Silver newbies discovered to their shock and horror last week that silver can actually go down as well as up, and even worse, that it drops a lot faster than it goes up. We were partly fooled ourselves last week by the seemingly bullish COT figures, but not to the extent that it stopped us implementing protection in the form of Puts, or Calls in silver bear ETFs such as ZSL.
Sunday, May 08, 2011
Gold Shows Relative Strength, Especially Against the Silver Meltdown / Commodities / Gold and Silver 2011
By: Clive_Maund
Gold's reaction last week was quite modest, given what happened elsewhere, especially to silver, and with the benefit of hindsight it is quite clear that it was a good point for it to react as it had the Friday before risen to become critically overbought on its short-term oscillators.
Sunday, May 08, 2011
Speculation Does Not Explain High Crude Oil and Gasoline Prices? / Commodities / Crude Oil
By: Dian_L_Chu
WTI (West Texas Intermediate) Crude Oil futures traded at its lowest in almost two months in New York on Thursday, May 5 in its biggest selloff in two years, plunging 8.6% on the day to below the $100 mark (Fig. 1). Brent crude on ICE also dropped as much as $12.17, or 10%, which was the largest in percentage terms not seen since the Lehman Brothers financial crisis, and the largest ever in absolute terms, according to FT.
Sunday, May 08, 2011
Gold Long-term Long Way From a Bearish Reversal / Commodities / Gold and Silver 2011
By: Merv_Burak
Darn, missed it by $2.40. My long term projection of $1575 was exceeded by $2.40. Oh well, better luck next time. Now what? There was a lot of damage done this past week and it may take time to fully recover. However, anyone who thinks that the US $ is still not in deep trouble reflecting in higher gold prices sometimes ahead is not looking at things realistically.
Saturday, May 07, 2011
Gold and Silver Bullish Arugments / Commodities / Gold and Silver 2011
By: Ashraf_Laidi
This headline-charged first week of May has been dominated by the announced death of Osama Bin Laden, a historic 5-cent retreat in the euro and the greatest weekly decline in silver. But the week could have witnessed a positive transition (another one) in favour of precious metals. Here is why;
Friday, May 06, 2011
Silver Takes it on the Chin / Commodities / Gold and Silver 2011
By: John_Browne
This week saw the type of downside volatility in the precious metals market that will be remembered for years to come. For those of us who have been long gold, and silver in particular, the memories will not be pleasant. While many had been expecting a pullback in silver, when the violence did come it was nevertheless shocking. Silver shed one third of its value in less than one week. And while gold was pulled down by the general sell off in all commodities (oil, copper, coffee, etc.) the yellow metal shed only 6.5% during the carnage. Those mild losses should remind us that gold is not just another commodity, but has monetary qualities that tend to smooth out volatility. But will silver survive the vicious downturn?
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Friday, May 06, 2011
Understanding The Yuan, U.S. Dollar Relationship To Gold, Silver And Commodities / Commodities / Gold and Silver 2011
By: Jeb_Handwerger
In early January of 2011, a top secret candlelight dinner was held at the White House. There was no fanfare and meager publicity. Present were the industrial, military and governmental heads of both China and the United States. Our government had just digested the failures of Lehman Brothers, AIG and other corporate icons by creating massive bailouts and running up trillion dollar budgetary deficits.
Friday, May 06, 2011
Silver in Freefall, What's Next? / Commodities / Gold and Silver 2011
By: Przemyslaw_Radomski
Silver was one of the top priorities for many of precious metal traders until last week. However, silver market witnessed a dramatic turbulence in recent days. Let’s examine what has happened in silver market, in detail. Two weeks of gains for silver were erased in only 11 minutes this Monday as markets opened for electronic trading in Asia with prices falling as much as 12 per cent in the session. Spot gold fell 2.2% in 40 minutes. On Wednesday prices took another hit on a newspaper report that high-profile investors, including George Soros’ hedge fund, have sold precious metals. Silver for July delivery closed lower by 7.5%, at $39.39 an ounce on the Comex division of the New York
Friday, May 06, 2011
Crude Oil Prices Reverse: Where Next? / Commodities / Crude Oil
By: Andrew_Butter
Identifying bubbles is not (very) hard, what’s hard is predicting at what price and when they will pop. Two weeks ago I wrote an article titled “FAO Food Index Predicting a Reversal in Crude Oil Prices”.
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Friday, May 06, 2011
Gold and Silver Bloodbath Prompts Indian and Chinese Buying / Commodities / Gold and Silver 2011
By: Adrian_Ash
WHOLESALE TRADERS looking to buy gold saw Dollar prices whip in a $10 range on Friday in London, heading into the weekend at $1488 per ounce – 5.5% below Monday's record-high spike– as European equities and global commodities stemmed their losses.
Silver bullion also rallied, bouncing from a drop below $34 per ounce but suffering its fifth daily plunge in a row, fully 31% below last Thursday's three-decade high.
Friday, May 06, 2011
China Buying Silver, Accumulating Bullion on the Drop / Commodities / Gold and Silver 2011
By: GoldCore
China Buying Silver, Accumulating Bullion on the Drop
Gold and silver are tentatively higher after their 2% and 8% falls yesterday. In silver, speculators on the COMEX continue to liquidate on mass after margin was increased a massive 84% and various stop loss levels are hit, leading to further falls in the futures market.
Friday, May 06, 2011
Why Copper is in a Long-Term Bull Market / Commodities / Metals & Mining
By: Money_Morning
Kerri Shannon writes:
With metals and commodities on a long-term bull-market run, investors have recently turned their attention to copper.
The red metal's price recently has fallen due to mixed economic data. Copper's use as an industrial metal - it's widely used in buildings, electronics, appliances and automobiles - makes it sensitive to economic growth prospects.
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Friday, May 06, 2011
Gold and the U.S. Dollar / Commodities / Gold and Silver 2011
By: John_Hampson
On April 25th I stated that I would not be taking partial profits on silver as I anticipated gold had not yet peaked and would reach a daily RSI reading of over 80 before doing so, in line with historical peaks. Well, the latter proved correct as gold moved higher to print a daily RSI of 82 on April 28th, but by that time the relationship between the two precious metals had broken down and silver was already in retreat. So, opportunity missed on silver to part-sell higher and part-buy-back-in lower, but I am now turning my attention to the opportunity of adding more at lower prices in the precious metals complex as we press on towards the secular peak around 2013.