Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, March 18, 2009
Gold Buying Opportunity Of A Lifetime / Commodities / Gold & Silver 2009
Opportunity and crisis are uneasy handmaidens in times of danger; and, while crises may increase, opportunities are always rare.
The world is in the grip of an unprecedented crisis. Unlimited credit has now turned into its deadly nemesis, unlimited defaulting debt; and whereas only some of us were its beneficiaries, all of us will be its victims—all of us, except the very few.
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Tuesday, March 17, 2009
Best of the Gold and Silver ETF's / Commodities / Credit Crisis 2009
Among the Gold and Silver ETF's there is one that is superior to all the rest.
Early on March 17 th Max Hulbert reported that his Gold Newsletter Sentiment Index (which tracks leading gold advisories), had dipped into negative territory.
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Tuesday, March 17, 2009
Gold Buy Signal as Price Weakness an Opportunity to Accumulate / Commodities / Gold & Silver 2009
Ultimately, supply has to equal demand. That reality most of us accept. We can, for example, only consume the amount of adult beverage residing in the refrigerator. Once we have done so, no level of wishing will provide any adult beverages. In a fair world, too, we would all have the same amount of adult beverages in our refrigerator at any point in time. And as we write those words, we wonder why government does not do something about adult beverage inequality. And as we wrote those words, second thoughts developed. Any attempt by governments to redress adult beverage inequality would result in all having less adult beverages. Certainly, that would be undesirable.Read full article... Read full article...
Tuesday, March 17, 2009
Energy Powers Commodity DBC ETF Higher / Commodities / Investing 2009
The PowerShares DB Commodity Index ETF (DBC) has gapped up this morning, mostly because the energy complex is up significantly, but so are the grains, too, which has propelled the index above key near-term resistance at 19.50 – on the way to test a “flattening” 50 DMA (now at 19.85).Read full article... Read full article...
Tuesday, March 17, 2009
Gold Slips After US Housing Starts Jump Despite Supply Glut / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold dropped out of a tight range early Tuesday, slipping 1% as world stock markets also fell, reversing one-fifth of their surge last week.
Twelve months to the day since gold prices hit an all-time Dollar high at $1,025 an ounce – a peak which coincided with the firesale of Bear Stearns to J.P.Morgan – today's AM Gold Fix here in London stood 11% below last March 17th's record at $922.
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Tuesday, March 17, 2009
Gold Falling towards $900 Support / Commodities / Gold & Silver 2009
Gold fell yesterday for the first day in 3 and was down some 0.8%. Gold was flat in Asia but has fallen again in Europe to $915/oz. Support remains at $900/oz.The short term trend may remain down but the medium to long term trend remains up.
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Monday, March 16, 2009
Gold Pullback an Opportunity to Accumulate / Commodities / Gold & Silver 2009
As of this moment, despite the weakness in spot gold prices and the SPDR Gold Trust (NYSE: GLD) this morning, the near and intermediate-term technical conditions of the market are relatively strong. After last week's $50 upmove, the $25 giveback (at this morning's low of $915.30) reflects a “normal” correction within an otherwise bullish market environment.Read full article... Read full article...
Monday, March 16, 2009
Stocks Jump on G20 Plan as Gold Slips Lower / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped 1% early Monday in London, falling alongside the US Dollar as world stock markets jumped. By lunchtime in London, the FTSE100 index stood back at this month's opening level – and more than 9% above the six-year low hit on March 5th – after the weekend's G20 meeting of leading policy-makers agreed a rough plan for buying up "impaired assets" from international finance houses.Read full article... Read full article...
Sunday, March 15, 2009
Gold and U.S. Dollar Trends Set to Diverge / Commodities / Gold & Silver 2009
Both the US $ and the price of gold have been in a rally mode for the past few months. Both are now taking a rest. However, the big difference is that the momentum for gold is still quite positive while that for the US $ is most definitely weakening. Something's gotta give and my money is on the US $ continuing to slide from here and gold to turn around back to the up side.Read full article... Read full article...
Sunday, March 15, 2009
XAU Gold Stocks Rising Wedge False Breakdown? / Commodities / Gold & Silver Stocks
This analyst has been watching the markets in the past couple of weeks with a fascination akin to that associated with watching a snake charmer in action. In particular, he has been watching the rising wedge on the chart of the $XAU which caught his eye a few weeks ago and gave rise to an article with the same title as above, published on February 23rd. (See http://www.marketoracle.co.uk/Article9090.html )Read full article... Read full article...
Saturday, March 14, 2009
Gold Indexes: Comparing and Evaluating the HUI, XAU, GDX, XGD and CDNX / Commodities / Gold & Silver Stocks
Market analysts, investment newsletter writers and financial planners are always commenting on how well, or poorly, the precious metals (read gold) mining sector is doing based on how a particular gold/silver mining index is trending but they are not telling you the whole story.Read full article... Read full article...
Friday, March 13, 2009
Chemistry Looks Good for Gold / Commodities / Gold & Silver 2009
In this exclusive interview with The Gold Report, geologist Joseph M. Foster—a Van Eck Associates portfolio manager who also leads its International Investors Gold Fund—sees nothing but good news for gold in the months and years to come. Joe isn't holding his breath for mania to set in, but he does see a mix blending that will get gold “firing on all cylinders.” Once a declining dollar, increasing inflation and an improving economy fill the combustion chamber, all it will take is a sustained spark of optimism for gold to forge ahead.Read full article... Read full article...
Friday, March 13, 2009
Is the Bullish Stock Market SPX Trend Bearish for Gold? / Commodities / Gold & Silver 2009
This past Tuesday, the flagship S&P 500 stock index (SPX) surged 6.4% in its biggest daily rally since rocketing out of its panic low in late November. Gold, which was flat that morning, suffered increasing selling pressure as the day marched on. As the SPX strengthened, gold weakened in an inverse linear fashion. It ultimately fell 2.6% that day, sliding under $900 for the first time in a month.Read full article... Read full article...
Friday, March 13, 2009
Gold Surges Higher as Dollar Falls vs. Stocks and Euro / Commodities / Gold & Silver 2009
THE PRICE OF SPOT GOLD leapt in late-morning London trade on Friday, erasing nearly all of this week's 5% drop for US and UK investors, but falling straight back an hour later as New York opened for business.World stock markets meantime rose sharply once again, closing more than 5% higher in Tokyo.
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Friday, March 13, 2009
Silver SLV ETF / Commodities / Gold & Silver 2009
Recently (3-07-09) I was interviewed on Financial Sense Online , and the discussion revolved around the Silver Exchange Traded Fund (ETF). Mr. Jim Puplava, who hosts the show, asked some piercing questions about the gold and silver ETFs.
Something Jim and I discussed was that Barclays changed the words in the original prospectus from “Silver Bullion” to just “Silver,” which reading as a lawyer would, begs the question Why? To me it implies there might be other silver investments that count but are not necessarily bullion.
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Friday, March 13, 2009
Commodities Bubble Or Credit Bubble? / Commodities / Gold & Silver 2009
In the spring of 2008 oil tumbled from a high of $148 per barrel to $36 a barrel in December, and the commodities bubble was deemed popped. Gold dropped, silver fell roughly 58% from its high and palladium fell a remarkable 72% etc. But was this the result of a commodities bubble popping or could it possibly have been a credit bubble burst which happened to dramatically affect the price of commodities? This is important to understand in order for investors to determine where value is for future growth.Read full article... Read full article...
Thursday, March 12, 2009
Gold and Crude Oil Futures at Critical Bullish Turning Point / Commodities / Gold & Silver 2009
Gold bullion and Crude Oil are both setting up for a rally higher if they continue to complete the breakouts. Oil looks like the best trade from a quick glance with huge profit potential but its important not to under estimate gold bullion as it can generate big moves even though is has already made a nice rally this year.Read full article... Read full article...
Thursday, March 12, 2009
Natural Gas UNG ETF Oversold / Commodities / Natural Gas
My near, intermediate, and longer-term work in the U.S. Natural Gas Fund ETF (NYSE: UNG) is so oversold and is screaming for a very powerful recovery rally period that should propel prices to a minimum of 20.00 and more than likely to 25.00 in the upcoming days/weeks. The enclosed chart pattern argues strongly that the most recent downleg from the 1/06 high at 25.98 ended this morning at a new bear market low of 15.48, and that a recovery rally period is in its initial stages.Read full article... Read full article...
Thursday, March 12, 2009
Gold Jumps as Swiss National Bank Joins Printing Money Policy / Commodities / Gold & Silver 2009
THE PRICE OF GOLD jumped into the New York opening on Thursday, recovering two-thirds of this week's 5% losses as the surge in world stock markets reversed.By mid-afternoon in Frankfurt, the Dax index of German equities traded 0.9% lower.
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Thursday, March 12, 2009
Institutional Funds Supporting Precious Metals Bullish Trends / Commodities / Gold & Silver 2009
Gold and silver rallied over 1% and 2% yesterday as stock markets barely made gains in the US. Asian stock markets were mixed but the Nikkei fell 2.5% and most European markets are showing weakness again this morning and gold remains firm.Read full article... Read full article...