Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, March 12, 2010
China Says Buy Gold (on weakness) / Commodities / Gold and Silver 2010
By: Brady_Willett
On March 20, 2007 China’s Central Bank governor, Zhou Zianochuan, had this to say about China’s burgeoning reserves:
“Many people say that foreign exchange reserves in China are (already) large enough…We do not intend to go further and accumulate reserves” Zhou Xiaochuan
Friday, March 12, 2010
Gold Up, Dollar Down, as George Soros Buys More Gold / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD rose versus a falling US Dollar Friday morning in London, recovering one-third of the week's earlier 3% drop as world stock markets crept towards new multi-month highs.
Crude oil also rose, pushing above $82 per barrel after the International Energy Agency called January's jump in China's energy demand – up by 28% – "astonishing".
Friday, March 12, 2010
Rebound in Copper Returns Focus On 76.4% Resistance / Commodities / Metals & Mining
By: Seven_Days_Ahead
Early this year the prior steady uptrend from a late 2008 low was seen to falter at a key Fibonacci level. After an initial sell-off a strong bounce has unnerved the bears - there is still scope for a resumption of weakness, but the market is at a critical stage.
Friday, March 12, 2010
Gold Heading for Technically Bearish Down Week, But Fundamentals Still Positive / Commodities / Gold and Silver 2010
By: GoldCore
In New York yesterday, gold saw a gain of $2.29/oz at its session high of $1109.94/oz before falling to see a loss of $7.10/oz at $1100.55/oz shortly afterwards. It then climbed higher for most of the rest of day and ended near its earlier high with a marginal gain of 0.005%. Silver dropped to see a loss of $0.16/oz. It fell as low as $16.83/oz before it also climbed higher and ended near its late session high of $17.15/oz with a gain of 0.9%.
Thursday, March 11, 2010
No Gold Price Manipulation / Commodities / Gold and Silver 2010
By: Brian_Bloom
Summary and Conclusions - Contrary to the opinions of various gold commentators it is the view of this analyst – flowing from the analysis below – that the gold price is not being manipulated at this juncture. The world appears to be about to enter a period of deflation. The severity of this deflation will be a function of the appropriateness of the behaviour of the world’s central banks in respect of their responsibilities to ensure that the fleet of economic ships maintains an even keel. If they over react at this point, we might experience a bursting of the debt bubble and a resulting world Depression. If they react with responsibility, then the probabilities favour a slow deflation of the debt bubble. The behaviour of the gold price and the bond yields in the past few days appear to be pointing to the fact that a dose of reality has crept into the thought processes of the world’s governments and central banks.Read full article... Read full article...
Thursday, March 11, 2010
A Revisit to the Fake Gold Plated Tungsten Story / Commodities / Gold and Silver 2010
By: Robert_Bradshaw
The gold-plated, tungsten-filled bars story hasn’t gone away. Not only has it continued to pop up in various gold and hard-money, investment-advisory letters; but even the populous press publishers, like the American Free Press and Rense.com, have found it expedient to publish material on it as well.
Thursday, March 11, 2010
Weakness in Gold GLD ETF / Commodities / Gold and Silver 2010
By: Mike_Paulenoff
Apart from the fundamentals that indicate the global economy, in general, and China and the U.S, in particular, might be showing signs of resurgence after over a year of “government stimulation,” the last 24 hours of trading has damaged the near-term technical condition of spot gold prices and the SPDR Gold Shares (NYSE: GLD). Yesterday, gold reversed from early morning strength as prices sliced beneath an important 5-week uptrendline (at approx. $1109).
Thursday, March 11, 2010
Where is the Value in the Precious Metals Sector? / Commodities / Gold & Silver Stocks
By: Jordan_Roy_Byrne
Even despite the tremendous recovery in precious metals shares, I still find value across the entire spectrum. The various indices (HUI, XAU & XGD.to) as well as my proprietary junior index (shown below) all rallied back to or near the 2008 high. Since that point, Gold is about 10% higher. It is more than 10% higher when priced in foreign currencies. Meanwhile, Oil, (which is 25% the cost of mining) is down about 30% (from March 2008). I bet most other cost inputs have declined in price.
Thursday, March 11, 2010
Gold Under Pressure as Equities Fall and CFTC Investigates Market Manipulation / Commodities / Gold and Silver 2010
By: GoldCore
Gold fell sharply in a short period of time yesterday in US trading - falling from $1,127.35/oz to $1,103.45/oz to close with a loss of 1.26%. It has range traded from $1,105/oz to $1,109/oz so far in European trading this morning. Gold is currently trading at $1,105.70/oz and in euro and GBP terms, gold is trading at €811/oz and £739/oz respectively. Oil at over $82 a barrel would be expected to lead to inflation hedging buying but is not supporting gold today.
Thursday, March 11, 2010
Gold Ticks Higher as Chinese Savers Hit by Negative Interest Rates / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF WHOLESALE gold bullion ticked higher early Thursday for Dollar investors, but slipped further for Sterling and Euro buyers as world stock markets again held flat together with commodities.
Government bonds fell, pushing the yield offered by 10-year UK gilts up to a 2-week high of 4.14%.
Thursday, March 11, 2010
Gold and the Paper Bubble / Commodities / Gold and Silver 2010
By: Adam_Brochert
Talk of a Gold bubble over the past 6-9 months grows louder and louder. It is comical and a sign of desperation among those losing their grip on the levers of power and influence. I have never seen a bubble so heavily recognized and announced by the very institutional participants who are pouring all their money into it! Will Gold become a bubble? I think it may, which is why I own it. The break out over $1000/ounce last fall has certainly cleared the deck and made it a possibility.
Wednesday, March 10, 2010
Competition for the IMF’s Gold? / Commodities / Gold and Silver 2010
By: Jeff_Clark
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report writes: On February 24, Reuters reported that the Reserve Bank of India was "set to be a buyer" of the 191.3 tonnes (6.74 million ounces) of gold the IMF is selling. Although the bank wouldn't comment directly on the possibility, they did say, "We are closely looking at the gold market... gold is a safe bet."
Wednesday, March 10, 2010
The Seasonality of Gold Has Broken Down / Commodities / Gold and Silver 2010
By: The_Gold_Report
The Gold Report has again interviewed newsletter writer and commentator Lou Paquette, who launched the Emerging Growth Stocks website in 1995 to provide investors and speculators with a unique alternative to what he saw was a growing problem with corporate governance and conflict of interest on Wall Street. He is not counting out the U.S. dollar quite yet as the euro waivers. He also believes that there is no longer necessarily a seasonality regarding gold and gold stocks.
Wednesday, March 10, 2010
What China Wants More Than Physical Gold / Commodities / Gold and Silver 2010
By: DailyWealth
Steve Sjuggerud writes: "A few factors limit our ability to increase [our] investment in gold," China's Chief foreign exchange regulator Yi Gang said in a speech this week.
Investors have long speculated China will start buying gold and selling its hoard of U.S. dollars at some point. (China's hoard could be literally trillions of U.S. dollars.) It would be the first step in a "Doomsday" scenario...
Wednesday, March 10, 2010
Collateral Damage in the Inflationary War on Economic Depression / Commodities / Gold and Silver 2010
By: Adrian_Ash
"Just allow it...just admit it. It doesn't matter where the inflation comes from. Just let it stay..."
SLASHING the Bank of England's base interest rate to an historic low of 0.5% was supposed to "rebalance" the economy...tipping it away from galloping consumption towards an export-led recovery.
Read full article... Read full article...
Wednesday, March 10, 2010
Gold "Refuses to Fall" as Central Banks Deny Inflation Risk in Low Interest Rates / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD continued Tuesday's late rally this morning in London, rising 1.6% from yesterday's 1-month low vs. the Dollar as world stock markets, government bonds and commodities held flat.
Read full article... Read full article...
Wednesday, March 10, 2010
Gold Dips, Palladium's Fundamentals and Technicals Remain Positive / Commodities / Gold and Silver 2010
By: GoldCore
Gold dipped quickly in early US trading yesterday to $1,108.00/oz before recovering to close down 0.12%. It has range traded from $1,122/oz to $1,126/oz so far in Asian trading this morning. Gold has risen and is currently trading at $1,125.50/oz and in euro and GBP terms, gold is trading at €829/oz and £756/oz respectively.
Wednesday, March 10, 2010
General Stock Market's Influence on The Price of Gold / Commodities / Gold and Silver 2010
By: Przemyslaw_Radomski
In one of our previous essays we mentioned that the situation in the USD Index appears bearish, but it has not been the main driver of the PM prices lately. It's been the general stock market that used to drive gold and silver prices lately, which means that the situation is now less than perfectly bullish, especially in the short term.
Tuesday, March 09, 2010
Gold Safe-haven Status is Based on Hype Not History / Commodities / Gold and Silver 2010
By: EWI
Gold: Best Supporting Role In Economic Downturns? Think Again
As I sat down to watch the Oscar pre-show on Sunday night, March 7, one word was repeatedly used to describe the celebrity starlets and their designer duds: GOLD. Gold bustiers and gold lame skirts, shiny gun-metal dresses and glittery sequined gowns all basking in the golden shadow of the final golden statue.
Read full article... Read full article...
Tuesday, March 09, 2010
Gold Slips as Beijing Denies Hoarding, Notes Huge Private Chinese Demand / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE of wholesale gold bullion slipped to a one-week low early in London trading on Tuesday, falling to $1116 an ounce as the US Dollar rose on the currency market.
Asian stocks closed the day flat overall. European bourses lost 0.5%.