Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, July 20, 2010
Is It Time to Buy Gold? / Commodities / Gold and Silver 2010
It would appear that the euphoria over gold has quickly diminished and many of gold's greatest proponents, who were calling for gold to go over $2,000 an ounce, appear to be disheartened and shell-shocked by the recent sharp downturn in gold.
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Tuesday, July 20, 2010
Gold, Silver & Oil "Stuck for Summer" as Stimulus vs. Austerity Debate Rages / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing slipped towards new multi-week lows against all major currencies on Tuesday, dropping beneath $1178 an ounce for Dollar investors as European stock markets extended yesterday's fall.
G7 government bonds rose as the US Dollar held steady against the Japanese Yen, and rose to a 3-day high vs. the Euro and a 1-week high vs. the Pound.
Tuesday, July 20, 2010
When This Indicator Says to ‘Buy Gold,’ It’s Never Wrong / Commodities / Gold and Silver 2010
Peter Krauth writes: When I recently predicted that the long-term trends were in place to send gold to $5,000 an ounce, I was stunned by all the attention that my forecast received.
Granted, a move of that magnitude represents a dizzying long-term profit opportunity. But that's just it - it's a long-term profit opportunity.
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Tuesday, July 20, 2010
Batteries Are the Shocking Truth about Electric Cars / Commodities / Energy Resources
Can white elephants come in green?President Barack Obama flew to Holland, Mich., on Thursday to attend groundbreaking ceremonies for a new lithium-ion battery plant, which the White House advertised as an example of federal stimulus grants at work and a gateway to a clean-energy future.
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Tuesday, July 20, 2010
Has Gold Had Its Day? / Commodities / Gold and Silver 2010
Again this week, the minutes of the Fed's meeting gave cause for concern as they stated that the risks to the U.S. economy had moved to the downside. While this cannot be read as a forecast of the 'double-dip' recession, it moves it from possible to probable in our eyes. With the U.S. and developed world [excluding Asia] supposedly on the path to recovery, it has been very "L" shaped. It is at that sensitive stage where it needs people to believe that it will get better and become supportive through spending and buying again.
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Tuesday, July 20, 2010
Kinross Gold Corporation Hits the Wall / Commodities / Gold & Silver Stocks
The stock price of Kinross Gold Corporation (KGC) has been hammered recently with a loss of around 20% to close today at $15.46, on the back of gold prices softening during this holiday period to trade at $1184.20 as we write.
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Tuesday, July 20, 2010
Carpe Aurum, Seize the Gold / Commodities / Gold and Silver 2010
Just like the stock market, gold runs in cycles (all markets do because the humans that trade these markets go through periods of optimism and periods of pessimism).For the purposes of this discussion we will concentrate on the intermediate and daily cycle, after a quick explanation of the two larger degree cycles.
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Monday, July 19, 2010
72 Analysts Believe Gold Will Go Parabolic To Between $2,500 and $15,000! / Commodities / Gold and Silver 2010
Believe it or not but I have identified 72 economists, academics, gold analysts and market commentators who have developed sound rationale as to why gold could quite possibly go to a parabolic top of at least $2,500 an ounce to even as much as an unimaginable $15,000 before the bubble finally pops!
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Monday, July 19, 2010
Euro Rebound Oil Price Rebound / Commodities / Crude Oil
Since the start of July, the euro has stormed back to a backdrop of increasingly clear US-Europe economic fundamentals, that is weak US recovery and very weak recovery in Europe, with massive sovereign debt and government deficits in both regions. The currencies in play, the US dollar and Eurozone 16 Euro, are twin pillars of fiat money printing excesses, but at this moment, if the Euro is a Fiat currency, the US dollar looks more like a Trabant currency.
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Monday, July 19, 2010
Gold "Entrenched in Tight Range" as "Lazy Summer Trading" Wears On / Commodities / Gold and Silver 2010
THE PRICE OF GOLD ticked lower in London on Monday morning, slipping towards new 8-week lows at $1185 an ounce in what one dealer called "very quiet" trade.
Gold trading in Asia was also "lazy" according to one local dealer, as the US Dollar reversed last week's late gain against the Euro on the FX market and silver dropped 10¢ to $17.80 an ounce.
Monday, July 19, 2010
Silver Approaching Major Bear Market Breakdown, Gold Would Target $970 / Commodities / Gold and Silver 2010
Silver Bullion Is Approaching A Breakdown. A Close Below $17.70 Will Break The 21 Month Uptrend. A [C] Leg Close Below The $8.40 Low Of The [A] Leg Will Complete A Flat Type Correction.
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Monday, July 19, 2010
Gold, Crude Oil and SP500 Technical Trading Patterns / Commodities / Gold and Silver 2010
It was an interesting options expiration week for equities that’s for sure. We saw some very choppy price action with large waves of buying and selling as the bulls and bears fought for control.
Both Gold and Oil closed lower for the week which is not a good sign considering the US Dollar dropped like a rock along with them.
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Monday, July 19, 2010
China Déjà Vu Pipeline Explosions and Oil Spill / Commodities / Crude Oil
Just when BP finally seems to have got a handle on the Macondo well with the successful containment cap, multiple explosions and oil spill are taking place--halfway around the globe--in China.
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Sunday, July 18, 2010
Gold Looking Weak, Fridays Action Kills Hope for a Rally / Commodities / Gold and Silver 2010
Friday may have killed any hope of a good rally. Gold is looking weak and the price trend has been weakening for quite some time. Are we at the top?
GENERAL COMMENT
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Sunday, July 18, 2010
Gold Prices Holding Up Well / Commodities / Gold and Silver 2010
Despite Portugal’s sovereign debt being down graded the eurocrats have managed to calm the waters and keep the euro reasonably steady. Austerity is the word for the Europeans, real or imagined, whereas stimulus is the word for the United States. Interestingly the euro is steady but the dollar has lost 6.8% of its value in just over a month as the spot light once again is focused on the fundamentals of the dollar. Throw in a down grade from the Chinese and things don’t look to bright for the US sovereign debt.
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Friday, July 16, 2010
Summer Slump Good for Gold / Commodities / Gold and Silver 2010
A professional investor with Boy Scout genes in his DNA, Mercenary Geologist Mickey Fulp picks winners in the junior resource sector based on three criteria: share structure, people and projects. In this exclusive Gold Report interview, Mickey touches on how he studies up on such key factors as insider holdings that indicate management's skin in the game and the public float necessary for liquidity. He also suggests that the summer slump—with low volumes and low prices—is a good time for some homework on equities that could double within 12 months.
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Friday, July 16, 2010
Is the Gold Trade “Crowded”? / Commodities / Gold and Silver 2010
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report writes: It’s true that GLD’s assets just passed the $50 billion mark, and that it’s the second largest U.S. ETF. Yes, mints had difficulty filling orders when the Greek crisis broke. And yes, the gold price is up nine years in a row.
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Friday, July 16, 2010
Austrian and Keynesian Economics, Price Target for Gold and Silver Mining Stocks / Commodities / Economic Theory
We live in an era of unparalleled confusion on monetary and economic issues. It’s almost like a shoot-out among the economists in the Old West, except that here you can’t tell the good guys from the bad guys. You read so many conflicting reports, editorials, and newsletters that it’s easy to get befuddled.
There are those who say inflation, those who shout deflation. Some say print more money, others say halt the printing presses. There are those who say bail them out, and the others who say let them fail. There are those who say gold is going up to $2,000 and even to $5,000, and those who say it’s a bubble about to burst. We’re in a bear market, sell all your stocks. No, we’re in a bull market, buy, buy, buy.
Friday, July 16, 2010
Gold and Silver Slide Together on Weak US CPI Inflation Data / Commodities / Gold and Silver 2010
THE PRICE OF GOLD fell hard at the start of New York trading on Friday, dropping back to this week's early lows for Dollar buyers – and hitting the lowest price since early May for Euro, Sterling and Aussie buyers – while stock markets sank on weak US data.
Commodity prices slipped, with silver also falling toward Tuesday's low of $17.80 an ounce.
Friday, July 16, 2010
Why Uranium Prices Will Rise / Commodities / Uranium
NUCLEAR RENAISSANCE, URANIUM SHORTAGE - After a long lost decade, stretching from shortly after the Chernobyl catastrophe of 1986, to around 2003, the nuclear renaissance is in full flood: the pro-nuclear World Nuclear Association (formerly the Uranium Institute) reports that as of July 2010 at least 55 new reactors are under construction in 13 countries. Power capacity added through 2010-2020 is forecast at a minimum of about 75 GW, with other estimates extending far beyond 100 GW.
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