Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, March 29, 2010
Gold "Supported by Physical Buying" as Chinese Demand Forecast to Double / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion ticked higher against the US Dollar on Monday morning, rising together with the Euro and most world stock markets after "Chinese buying emerged" according to one Hong Kong dealer.
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Monday, March 29, 2010
Gold Rises as Chinese Investment Demand to Double in "Exponential Growth" / Commodities / Gold and Silver 2010
Gold closed at $1104.45/oz Friday night with a gain of 1.09% on the day in dollar terms, but a loss of 0.27% on the week. Prices were volatile this morning in Asian trading as gold surged in price to $1,114.60/oz prior to falling to $1,103/oz. Gold then gradually recovered in Asian trade and European trade as the dollar weakened. Gold is currently trading at $1,112.00/oz and €824.18/oz & £741.28/oz in EUR and GBP terms respectively.Read full article... Read full article...
Sunday, March 28, 2010
Gold Bouncing Off Long-term Moving Averages / Commodities / Gold and Silver 2010
It was looking dicey there for a few days but the latest long term bull, which started in Oct of 2008, is still on going. Technically, gold is bouncing off its long term moving average line, otherwise, the sinking of a boat off North Korea helps get the jitters going.
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Saturday, March 27, 2010
Green Energy Vanity / Commodities / Renewable Energy
PRESTIGE AND SCALE
Since about 2005, as oil prices maintained their relentless march upwards to hit USD 147 a barrel
in 2008, then collapsed to less than a quarter of this, before rising again, the call for ever bigger
and more prestigious Green Energy projects became deafening. In the run-up to the failed
Copenhagen climate summit at end 2009, some OECD leaders, including Obama, Merkel, Sarkozy
and Brown made ever more impassioned and exaggerated claims for how much, and how quickly
"brown energy" must be phased out - and replaced by low carbon, high prestige vanity projects.
Saturday, March 27, 2010
Jim Rogers on Crude Oil, Gold and the Biggest U.S. Bubble Treasury Bonds / Commodities / Financial Markets 2010
Debate on the scope and risks of the US health care plan still rages even as Pres. Obama unveiled a $14 billion plan to help homeowners. And the impact of a Greek bailout on the Eurozone economies is still a question.
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Saturday, March 27, 2010
Crude Oil Still Stuck at $80; Natural Gas Falls Below $4 / Commodities / Crude Oil
Crude oil prices still found stubborn resistance above the $80-a-barrel level amid concerns about demand while natural gas continued its decline, to below $4 per million British thermal units, as burgeoning supply from unconventional sources depressed prices.Read full article... Read full article...
Friday, March 26, 2010
Class Warfare in the U.S. House Price Gold Ratio / Commodities / Gold and Silver 2010
Updating the big-picture charts of US housing priced in gold ounces...
HARD TO SAY what all the tax-payer cash thrown at US housing will do to home prices. Because at first glance, the $14 billion of aid (aka meddling) apportioned on Friday seems set to both inflate and depress prices.
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Friday, March 26, 2010
Gold's Performance Relative to The U.S. Dollar Provides Us with Invaluable Insight / Commodities / Gold and Silver 2010
In our previous commentary we analyzed the situation on the USD Index and since we have just seen it moving sharply higher, we believe you would appreciate an update. Once we cover the situation on the U.S. Dollar market, we will move to the implications it may have on the precious metals sector.
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Friday, March 26, 2010
Junior Gold Stocks GDXJ ETF Investing / Commodities / Gold & Silver Stocks
Among all commodities stocks, no group is as alluring and dangerous as junior gold stocks. The vast majority of these small companies are explorers, having never made a single dollar in sales. Yet investors and speculators still flock to them. Junior golds far outnumber juniors in every other commodity combined.
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Friday, March 26, 2010
Crude Oil Price Impact on Gold Price / Commodities / Gold and Silver 2010
For many years it was believed that the oil price had a direct impact on the gold price. Then the 'credit crunch' arrived, after the oil price had hit $145± before tumbling to $35 a barrel. Since then the oil price has been treated as irrelevant to the gold price. We at Gold Forecaster believe it only had an indirect influence on the gold price in the first place.
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Friday, March 26, 2010
Asian Gold Traders Buy the Dips as Global Devaluation Makes Currency Crisis Possible / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rose in Asia and London on Friday morning, briefly touching $1100 per ounce before slipping back with the Euro after European political leaders agreed a rescue strategy for Greece in Brussels.
"I think we might get a little bit of a recovery in the Euro, which will help gold prices," said Darren Heathcote at Investec Australia to Reuters earlier.
Friday, March 26, 2010
Gold Rises after Option Expiry but May Close Lower on Week / Commodities / Gold and Silver 2010
Gold in dollars closed last night at $1092.50/oz with a gain of 0.31% on the day. Gold continued its recovery in Asian trading this morning and is currently trading at $1,097.60/oz in dollars and €820.02/oz & £11.32/oz in EUR and GBP terms respectively.
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Friday, March 26, 2010
The Crude Oil Futures Bubble / Commodities / Crude Oil
Kent Moors, Ph.D writes: Sometimes big things come from small meetings.
As an example, consider one particularly contentious 1927 session at the Royal Institute of International Affairs that took place at Chatham House in the center of London's Westminster. It originated an idea now used worldwide - the famous Chatham House Rule. Under its most recent revision (2002), the Rule allows the participants of a meeting to use the information received there, but prohibits them from revealing the identity or affiliation of anyone else present.
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Friday, March 26, 2010
Cotton Rally Falters within Fibonacci Area / Commodities / Commodities Trading
Earlier this year the game looked as though it was up for Cotton bulls, but fresh interest created new highs. A temporary halt has now been made, within a projection area that we had identified in the Commodity Specialist Guide, but can this develop into something more bearish?
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Friday, March 26, 2010
The New Bargain Price For Gold / Commodities / Gold and Silver 2010
For gold buyers, $1,050 is the new $900.
As today's chart shows, gold spent a good chunk of 2009 drifting around $950 per ounce. During this drift, gold dropped into the $900 area twice... which offered the gold buyer a chance to buy a little cheaper than the "normal" price of $950.
Thursday, March 25, 2010
Silver’s Role in a Barter Economy / Commodities / Gold and Silver 2010
Make no mistake about it: silver is an investment for trying times. As one the most beautifully shiny metals, silver's true economic beauty shines through in a world ruined by rampant inflation and growing debt.
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Thursday, March 25, 2010
Gold and Metals Continuum / Commodities / Metals & Mining
The Chilean earthquake that has done so much damage in the southern area of the country also cut short the consolidation that copper’s price had begun. All reports indicate that there has been little damage at mine sites, most of which are in northern Chile. There is still a question of whether infrastructure disruptions resulting from the need to focus on the quake hit areas could reduce the country’s metal shipments.
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Thursday, March 25, 2010
Gold Caught Between Euro and China / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion gave back an early bounce from yesterday's 6-week low for Dollar investors on Thursday, slipping back to $1090 as Chinese shares closed the day lower, but European and US stocks rose.
Little changed for Sterling buyers, gold was higher against the Euro as European leaders met to discuss the Eurozone debt crisis.
Thursday, March 25, 2010
Is It Time to Dress Up Your Gold and Resources Stocks Portfolio? / Commodities / Resources Investing
As investors wait out this continuing consolidation in gold and in the natural resource shares we suggest taking the time to dress up your portfolio.
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Thursday, March 25, 2010
Risk of Eurozone Sovereign Debt Contagion Bolsters Gold's Status as Currency Hedge / Commodities / Gold and Silver 2010
Gold closed at $1089.10/oz last night, having lost 1.36% on the day in dollar terms. Gold recovered in Asian and early European trading this morning and at the moment is trading at $1,093.40/oz. In EUR and GBP terms, gold is trading at €819.21/oz and £730.74/oz respectively . Gold rose in euro terms due to the risk of contagion in the eurozone and remains near record (nominal) highs of €833.54/oz reached on the March 4th (see chart).
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