Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, March 18, 2010
Gold, In the Shadow of the Castle / Commodities / Gold and Silver 2010
David Galland, Managing Director, Casey Research writes: These days it takes very little to set me off on yet another rant against the American political class – a proxy for governments the world over.
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Thursday, March 18, 2010
New Gold GLD ETF Upleg? / Commodities / Gold and Silver 2010
Gold should not be up today, but it is. The strength of the dollar against the euro and the yen usually has a negative impact on gold, but something else appears to be going on that the price pattern and technicals are warning about.
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Thursday, March 18, 2010
Silver SLV ETF / Commodities / Gold and Silver 2010
In our first crack at this, I felt that SLV was vulnerable. In the article, "As A Corollary To A Higher Dollar....GLD, GDX, SLV", I stated: "it is my expectation that precious metals will be under pressure." In this market, where almost all assets move in one direction, SLV got slammed over the next 2 weeks. Good call!
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Thursday, March 18, 2010
Gold & Silver Trend Higher as Germany Cancels Greek Debt Crisis Rescue / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in the wholesale bullion market bounced up from its second dip in two sessions to $1120 an ounce as the US opened for business on Thursday, pushing higher for Sterling and Euro buyers as world stock markets held flat.
"The equities markets have been a bit firmer," said one commodities strategist in Sydney to Reuters overnight. "That's probably taken a little bit of interest away from gold.
Thursday, March 18, 2010
Will Gold and Silver Investors Ever Get a Tax Overhaul? / Commodities / Gold and Silver 2010
With tax time right around the corner, investors of all types are preparing their finances to determine their final tax burden. While some investors are paying as little as 15% on their capital gains, precious metals investors are stuck paying 28% – but perhaps not for long.
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Thursday, March 18, 2010
Why PM Investors Should Ignore the Dollar Index / Commodities / Gold and Silver 2010
Often thrown around as the end-all solution for tracking the value of the US dollar, the dollar index is one of the poorest indicators for the true performance of the currency itself. Silver investors who pay heed to the dollar index will certainly be led astray, as there are fundamental reasons why the index simply is not accurate.
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Wednesday, March 17, 2010
He Who Has the Gold Makes the Rules / Commodities / Gold and Silver 2010
The decline of the West, measured in tonnes...
AS THE AGE-OLD Golden Rule puts it, "He who has the gold makes the rules" – an historical fact proven most recently by the United States' dominance of global monetary politics since WWII.
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Wednesday, March 17, 2010
Gold Support "Increasing" After Fed Sticks at Zero, China Told to Raise Rates / Commodities / Gold and Silver 2010
THE PRICE OF BULLION gold in the wholesale London market touched a 7-session high against the Dollar early on Wednesday, slipping back as US inflation data came in tamer than expected, and China was advised by the World Bank to tighten its interest rates.
The Euro rose to its best Dollar-value in almost 5 weeks after the Federal Reserve maintained its zero-rate stance in Tuesday's policy announcement.
Wednesday, March 17, 2010
Gold Rises On Higher Oil Prices, Low Interest Rates And Increasing Sovereign Risk / Commodities / Gold and Silver 2010
Gold reached a high of $1,127/oz in US trading before closing with a gain of 1.55%. It has since jumped from $1,126/oz to $1,132/oz in late Asian trading this morning as the Bank of Japan announced emergency steps to prevent continuing deflation (see below). Gold is currently trading at $1,128.00/oz and in Euro and GBP terms, gold is trading at €821/oz and £740/oz respectively.
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Wednesday, March 17, 2010
Marc Faber Says Accumulate Gold As All Currencies are Set to Fall / Commodities / Gold and Silver 2010
Marc Faber speaks on various countries economic downfall, worldwide bailouts and the effects it will have on currencies. He gives his thoughts on buying gold.
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Tuesday, March 16, 2010
Fed Smoke, Mirrors, SDRs and Gold: Why Central Banks Cannot Tell the Truth / Commodities / Market Manipulation
In the following article the term Special Drawing Right [SDR] is used frequently. A brief explanation of an SDR is provided below together with its current value [which floats] in U.S. Dollars.
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Tuesday, March 16, 2010
Natural Gas ETF/ETN, A Small Example of Acceptable Fraud / Commodities / Natural Gas
I have been keeping an eye on natural gas and I love the way the chart looks right now for a trade. But trying to find a way to play it without going into the futures market exposes the problems with our current financial markets. The fraud is too prevalent and the instruments are too opaque. I don't want to invest in natural gas stocks, but rather I want to invest in natural gas itself as a trade.
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Tuesday, March 16, 2010
Gold is Money, Unlike the World’s Currencies, Gold Retains its Value / Commodities / Gold and Silver 2010
In a speech I recently gave at The Empire Club of Toronto , I referred to gold as the "anti-currency." Gold is not and never has been a currency. Gold is something entirely different and far more valuable. It is money.
"If you're holding paper currency, you have to have some kind of trust that the country that issued it is not just going to print its way out of its problems. That's a real concern right now. Gold, on the other hand, has real intrinsic value, unlike a paper currency which can be debased by its government." - – Sacha Tihanyi, currency strategist, Scotia Capital
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Tuesday, March 16, 2010
Damage Done By Nigeria's Contentious Oil Bill May Be Tough To Undo / Commodities / Crude Oil
Nigeria's controversial oil industry bill is expected to eventually pass but the government may find it tough to later shift gears as international oil firms targeted under the legislation scale back their investments.
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Tuesday, March 16, 2010
Gold Jumps Ahead of Fed Interest Rate Decision / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion jumped at the start of New York dealing on Tuesday, recovering half of last week's losses for US and Eurozone investors ahead of today's decision on Dollar interest rates from the Federal Reserve.
New data showed economic sentiment sliding in the 16-nation Eurozone, while Consumer Price Inflation came in at just 0.4% for Feb. – half the expected pace.
Tuesday, March 16, 2010
Crude Oil Current Technical Picture / Commodities / Crude Oil
The crude oil market came under pressure on Monday and I'm disappointed that I did not have this video out to you earlier. I created the video on Sunday along with the other three videos on the S&P 500, gold, and the euro that did make it to the blog.Read full article... Read full article...
Tuesday, March 16, 2010
Federal Reserve Rising Interest Rates Positive for Gold? / Commodities / Gold and Silver 2010
Gold dipped to $1,101.15/oz in early US trading before recovering to close with a gain of 0.37% despite continuing dollar strength. It rose in Asian trading and has range traded from $1,109/oz to $1,113.50/oz so far in European trading this morning. Gold is currently trading at $1,114.00/oz and in euro and GBP terms, gold is trading at €813/oz and £739/oz respectively.Read full article... Read full article...
Tuesday, March 16, 2010
Challenging Gold Price None Manipulation Analysis / Commodities / Gold and Silver 2010
A reader has written in challenging me on my view that the gold price is not being manipulated at this juncture in time. FYI, here is my response to him
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Tuesday, March 16, 2010
Will Gold Price Get Compressed? / Commodities / Gold and Silver 2010
We go into a Fed week sitting right at the highs made a couple of months ago in the S&P. It should lead to a couple of more days up. Monday is stacked with data in the AM. Some of it should be market moving.I looked at the long term picture on the SPY earlier in the week. Today I will look at GLD..
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Tuesday, March 16, 2010
Currencies and Gold Analysis / Commodities / Gold and Silver 2010
The following excerpt is from the currency section of the latest full-length market wrap report, available on the Honest Money Gold & Silver Report website. All major markets are covered: stocks, bonds, currencies, and commodities, with the emphasis on the precious metals - the only secular bull market existent.
Currencies
Before getting into the analysis of the dollar and the euro, I'd like to show a few charts of the inter-market relationships between gold, the dollar, and the euro.
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