Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Wednesday, July 18, 2012

The Potential for Gold Stocks in 2013-2014 / Commodities / Gold & Silver Stocks

By: Jordan_Roy_Byrne

There are two drivers of stock prices: valuation and earnings. Valuations are very much driven by investor sentiment while earnings are driven by revenue and margins. In recent months we've devoted some time to the three phases of a bull market. These are the stealth phase, wall of worry phase and participation or bubble phase. Earnings rise in each stage while valuations only increase in the first and last phase. The average gold producer has made no net progress in five or six years because the average valuation has declined considerably. Going forward, this means opportunity.

Wednesday, July 18, 2012

Gold and Silver Investors Rotating Into Undervalued Junior Explorers / Commodities / Gold & Silver Stocks

By: Jeb_Handwerger

The rule of the casino emphasizes that in order for one to be right in the market, the consensus has to believe that you are wrong. The majority goes home empty handed while the few emerge winners. Today there is extreme volatility, nevertheless the few players emerge as winners despite the daily ups and downs.

Tuesday, July 17, 2012

Dear Gold, Thanks for the Diversification / Commodities / Gold and Silver 2012

By: William_Bancroft

In these pages we regularly mention the unique attributes of gold bullion investment, and how gold is able to diversify a portfolio like nothing else. We’ve cited a gold investment’s role in Harry Browne’s legendary Permanent Portfolio, the role gold has played in Jim Rogers’ stellar investment record, and why Swiss bankers and traditional money managers always steered clients to put >10% into gold bullion.

Tuesday, July 17, 2012

Marc Faber Says Gold Is Oversold / Commodities / Gold and Silver 2012

By: GoldCore

Today's AM fix was USD 1,595.00, EUR 1,296.85, and GBP 1,020.47 per ounce.
Yesterday’s AM fix was USD 1,584.00, EUR 1,300.17 and GBP 1,020.68 per ounce.

Silver is trading at $27.36/oz, €22.38/oz and £17.59/oz. Platinum is trading at $1,423.00/oz, palladium at $580.40/oz and rhodium at $1,190/oz.

Tuesday, July 17, 2012

Nat Gas Ready To Pop? / Commodities / Natural Gas

By: Chris_Vermeulen

Nat gas (UNG) has recently caught my attention. While it was in a significant downtrend for the better part of a year it has recently been consolidating right under the $20 level. A look at the daily chart shows a long move down and then recently a sideways consolidation pattern. While this is typically a continuation pattern I am beginning to believe think that the next move may be up rather than an extension of the previous down trend.

Tuesday, July 17, 2012

Central Bank Alchemists Attempting to Turn Paper Into Gold / Commodities / Gold and Silver 2012

By: John_Mauldin

In today's Outside the Box, the ever-philosophical Grant Williams introduces us to the ancient and profound art and science of alchemy – "the original 12-step program," as he calls it, the avid pursuit of übernerds from Hermes Trismegistus to Isaac Newton to (believe it or not) John Maynard Keynes, who referred to certain early works of econometrics as statistical alchemy (and some still are!). And we should not forget Carl Jung, who wrote the seminal work Psychology and Alchemy (for those who do not sleep or are looking for something to put you to sleep: http://en.wikipedia.org/wiki/Psychology_and_Alchemy).

Tuesday, July 17, 2012

Are Crude Oil Prices Also Manipulated Like LIBOR? / Commodities / Crude Oil

By: DK_Matai

A critical report commissioned by the G20 group of the world's biggest economies has warned oil prices could be vulnerable to a LIBOR-style rigging scandal.  The G20 study conducted by the Madrid-based International Organisation of Securities Commissions (IOSCO) has found that the current system of oil price reporting is "susceptible to manipulation or distortion".  The report for global finance ministers states that:

1. Bank traders;

2. Oil companies; and

3. Hedge funds

Tuesday, July 17, 2012

Authorities Give Gold Price Another Leg Up / Commodities / Gold and Silver 2012

By: William_Bancroft

We have written in these pages before about the financial authorities giving gold a helping hand, sometimes with their short sited policy actions. Freezing Iran out of the payments system so she settles exchange in other forms with her trading partners, and allowing gold to move back to the heart of the banking system, are two good examples.

Tuesday, July 17, 2012

A Historic Investing Window of Opportunity In Mongolia Emerging Market / Commodities / Emerging Markets

By: The_Gold_Report

Investor fears about mining stocks are misplaced, says James Passin, a hedge fund manager with New York-based Firebird Management, especially if those companies are mining in Mongolia. Firebird manages a portfolio of private equity funds that invest in Mongolia, one of the fastest growing economies with some of the most extensive, untapped resources in the world. The country is already home to the largest copper deposit and in this exclusive Gold Report interview, Passin explains why there is potential for dozens more similar finds.

Tuesday, July 17, 2012

Pitfalls of Silver Price Technical Analysis / Commodities / Gold and Silver 2012

By: Dr_Jeff_Lewis

Technical analysis of the financial and commodity markets has been used effectively by traders to analyze price movements of commodities and stocks for hundreds of years. Despite being one of the most effective methods for forecasting future price movements, technical analysis can break down and give conflicting signals when certain events occur.

Monday, July 16, 2012

Gold Market Nervous and Thin Ahead of Bernanke Testimony / Commodities / Gold and Silver 2012

By: Ben_Traynor

THE DOLLAR cost of buying gold fell to $1583 an ounce during Monday morning's London trading, in line with where last week's range, while European stock markets also edged lower and US Treasury bonds gained, with markets focused on Federal Reserve chairman Ben Bernanke's testimony before Congress tomorrow.

Prices to buy silver fell to $27.11 per ounce – nearly 1% off last week's close – as other industrial commodities also ticked lower.

Monday, July 16, 2012

Gold Swap Dealers Go Net Long For Only Third Time / Commodities / Gold and Silver 2012

By: GoldCore

Today's AM fix was USD 1584.00, EUR 1300.17 and GBP 1020.68 per ounce.
Friday’s AM fix was USD 1579.00, EUR 1294.05 and GBP 1022.34 per ounce.

Gold rose by $16.30 or 1.2% in New York on Friday to end the week 0.8% higher at $1,588/oz.
Silver rose 8 cents to close at $27.25/oz – a gain of 0.52% on the week.

Monday, July 16, 2012

How to Buy Gold in Today's Troubled World / Commodities / Gold and Silver 2012

By: Money_Morning

Larry D. Spears writes: Gold turned in a fairly tarnished performance during the second quarter, falling $80 an ounce, or 4.76%, during the April-June period.

Even still, most precious metals analysts see strong potential for gold prices in the second half of 2012 given the continued sluggishness in the global economy and increasing uncertainty about the Eurozone debt crisis.

Monday, July 16, 2012

The Big Problem for Energy Investors / Commodities / Crude Oil

By: DailyWealth

Matt Badiali writes: Oil prices are going to fall lower than you can imagine.

They've already dropped from nearly $110 a barrel in February to under $80 late last month. They've since staged a recovery to the $85 area. But the drop is not over. In fact, I think there could be more than 50% downside from these levels.

Monday, July 16, 2012

Managed money positions hint at bullish turns for gold and silver / Commodities / Gold and Silver 2012

By: Alasdair_Macleod

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.

Monday, July 16, 2012

Gold Stocks: Bottom, Re-Test, Launch? / Commodities / Gold & Silver Stocks

By: Adam_Brochert

Though I favor physical Gold held outside the banking system that can't get MF Global'd over those paper Gold derivatives known as Gold stocks, there are times when a speculative opportunity presents itself that cannot be ignored (at least not by me). Now is such a time in Gold stocks. In my last post, I welcomed a new cyclical Gold stock bull market. I continue to believe a new cyclical Gold stock bull market has already begun and we are now completing (if we haven't already) the re-test of the mid-May, 2012 lows. What comes next? The launch!

Sunday, July 15, 2012

Gold Under the Gun / Commodities / Gold and Silver 2012

By: Joseph_Russo

No matter how hard global central bankers try to inflate away the intractable debt-bomb that continues to explode in slow motion, they just cannot seem to make any headway.

The folly of QE-1 and QE-2 have done nothing but exacerbate the contrived bubble in monopoly bonds, which is the only fuel known to financial alchemists that enables a fraudulent debt-based Wall Street-Washington-Centric and global economy to function.

Saturday, July 14, 2012

Gold Mining Stocks Bargains Abound, But Buy With Care / Commodities / Gold & Silver Stocks

By: The_Gold_Report

It may look as if almost any mining stock you see these days is a bargain just waiting to be plucked. While most stocks have seen major drops from their highs and some are showing significant price turns, others have more downside left and a few just won't make it to the next market peak. Ivan Lo, publisher of The Equedia Weekly Letter, takes both a macro view of market and economic conditions and then carefully studies the specifics of each stock he decides to follow or acquire. In this exclusive interview with The Gold Report, Lo talks about the critical factors that can separate a mega-winner from a rollback candidate and talks about some of his favorite names.

Friday, July 13, 2012

Does Central Bank Gold Buying Signal the Top Is Near? / Commodities / Gold and Silver 2012

By: Jeff_Clark

Jeff Clark, Casey Research writes: Doug Casey told me in January, "The only thing that scares me is that central banks are buying a lot of gold; they're historically contrary indicators." When it comes to buying gold, central banks have such a poor timing record that they're frequently joked about as a contrary indicator.

Friday, July 13, 2012

The Next Major Move in Gold and Silver Is Close / Commodities / Gold and Silver 2012

By: Chris_Vermeulen

After making new highs about a year ago we have seen Silver and Gold consolidate for roughly the last twelve months.  Technically, it would typically be a bullish scenario with gold from the stand point that the last 12 months’ price action was a sideways consolidation in a bullish pennant formation.  However over the last year we have witnessed a series of lower highs and increasingly tested supports levels around $150 on GLD which raises caution.