Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Friday, May 04, 2012

Precious Metals: Don’t Want To Play Anymore? / Commodities / Gold and Silver 2012

By: Dudley_Baker

We suspect that many precious metals investors are saying, “We don’t want to play anymore!” and our reply is, “You want to quit right now, right at the bottom of this cycle? You must be crazy - crazy with a capital C!” True, this is a very challenging market environment for resource shares, but we know what the ultimate outcome will be: higher share prices. The only question is “when” and our opinion is that we are very close in time (within days or a week or two at most) of being able to say that the lows are behind us. Let me explain.

Friday, May 04, 2012

Lindsay: No Final Bottom in Gold before Summer / Commodities / Gold and Silver 2012

By: Submissions

Ed Carlson writes: In the course of a Ûyear career George Lindsay never applied his methods to anything other than the equity markets. The reasons were obvious; the Standard Time Spans, an integral part of his methods, were derived from a study of the equity markets covering more than 150 years of market data. An undertaking such as that would have been exhausting. No doubt, Lindsay left the investigation and application of his methods to other asset classes for other analysts.

Thursday, May 03, 2012

Gasoline Futures in Decline ... Ominous Sign for Economy? / Commodities / Gas - Petrol

By: Mike_Paulenoff

Let's notice that nearby gasoline futures have been in the grasp of a meaningful decline from its March 29 high at $3.45/gal into today at $3.04.

With weekly RSI pointed straight down, suggesting more weakness directly ahead, gasoline points towards an approaching confrontation with its rising 40-week (200 Day) moving average, now at $2.99. This needs to contain the selling pressure to avert downside acceleration towards a test of the major support line at $2.69 off of the December 2008 low ($0.79).

Thursday, May 03, 2012

The Most Boring Gold Market Ever? / Commodities / Gold and Silver 2012

By: Ben_Traynor

We've just had the quietest 40 days since the financial crisis began...

HOW OFTEN are gold prices as range bound as this? 

The London gold fix on Wednesday afternoon marked the fortieth trading day in a row that gold fixed between $1600 and $1700.

Thursday, May 03, 2012

Gold "Lackluster" in "Calm Before Storm" / Commodities / Gold and Silver 2012

By: Adrian_Ash

THE PRICE OF GOLD in wholesale trading slipped to a new 1-week low at $1640 per ounce in London on Thursdayb as the US Dollar rose and crude oil slipped again.

Ahead of Friday's much-anticipated US Non-Farm Payrolls report for April, weekly data showed a fall in the number of jobless benefit claimants.

Thursday, May 03, 2012

Were We Wrong About the U.S. Dollar? Is it Safer than Gold? / Commodities / Gold and Silver 2012

By: Jan_Skoyles

As figures are released this week which cast yet more negative light on the US economy we ask why is the US dollar not suffering much as a result? Were wrong about the dollar? Is it a safer safe haven than gold investment?

This week figures were released to show that US debt is now at a record $15.962bn, or 101.5% of GDP. One wonders if President Obama, or in fact any potential sovereign leader out there has any idea how to solve this without printing yet more money and issuing yet more debt.

Thursday, May 03, 2012

Catalytic Events Moving Gold Stocks / Commodities / Gold and Silver 2012

By: The_Gold_Report

Sagient Research Systems is known for its investor research in the drug and medical device field, but the firm has also tailored its scientific approach to market-moving catalysts in the precious metals industry. In this exclusive interview with The Gold Report, Senior Analyst Jocelyn August discusses looming events in a select group of natural resource stocks that are expected to move as information flows out.

The Gold Report: Jocelyn, you are following catalysts that affect resource stocks. Tell me about that.

Thursday, May 03, 2012

What Do Americans Think About Gold? / Commodities / Gold and Silver 2012

By: Eric_McWhinnie

Precious metals have been relatively quiet this week. After posting its best weekly gain in two months, gold is trading slightly lower at about $1,650 per ounce. Meanwhile, silver is trading near $30.50 per ounce. Gold and silver are currently taking a pause, but have been in a bull market for more than a decade and apparently Americans are taking notice.

Thursday, May 03, 2012

Betting Against Crude Oil Falling Below $40 / Commodities / Crude Oil

By: Marin_Katusa

At the latest Casey Research conference, respected investment analyst Porter Stansberry stood at the podium and predicted that the price of oil will fall below US$40 per barrel within the next 12 months. Part of his reasoning revolves around the impact that the shale gas revolution has had in the United States – he believes a similar thing will happen with oil.

Porter is a friend of mine and a very smart, successful individual… but I think not.

Thursday, May 03, 2012

Gold Price Breaks 3-Month Rule for 1st Time in 11 Years / Commodities / Gold and Silver 2012

By: Adrian_Ash

Last time gold fell for 3 months running was March 2001. And so...?

IT HAD BECOME so rare, you could take its absence for granted to buy gold on the cheap.

Thursday, May 03, 2012

A Weak Economy Remains Gold's Best Friend / Commodities / Gold and Silver 2012

By: Jordan_Roy_Byrne

It was Bob Prechter of Elliott Wave fame, likely among others who noted that correlations between all asset classes are quite strong during a Depression. This is true in a cyclical sense but not in a structural sense. Stocks tumbled in the 1929-1941 period while commodities, led by Gold and gold producers, increased in value. We've experienced similar phenomena in the past 12 years. Cyclically, there has been a correlation between these asset classes. Structurally, stocks have been in a bear market and resource sector has been in a bull market. The driving force has been a weak economy and bear market which usually leads to more inflationary policy, which in turn benefits the resource sector. Are we soon to see a replay of this scenario?

Thursday, May 03, 2012

Manganese Production Gearing Up Worldwide / Commodities / Metals & Mining

By: Anthony_David

Manganese may be the fourth most used metal in the world but last year ended on a relatively weak note for manganese products. While Chinese ports had large stockpiles of manganese ore, the weak demand for steel long products was reflected in a weak demand for manganese. The economic uncertainty and low business confidence in Europe and the USA were key reasons for the lack of interest in manganese. The recovery of the construction industry in these regions would certainly be a big boost to the manganese market and prices would firm up by 2013.

Thursday, May 03, 2012

Rare Earths Industry Expanding Outside China’s Borders / Commodities / Metals & Mining

By: Anthony_David

Colorado based Molycorp Inc. is one of the few non-Chinese mining companies develop-ing rare earth metal mines. The company’s shares shot up by over 7% when it announced that its Mountain Pass rare earth mine in California contained at least 36% more proven or probable reserves than earlier estimated. The deposit is now estimated to contain about 2.94 billion pounds of rare earth oxide equivalent, an amount that is about 11 times the existing annual global demand of 120,000 tons. The number could rise further with progress in drilling.

Wednesday, May 02, 2012

Open Market Manipulation of the Gold and Silver Futures Market By Banks and Producers / Commodities / Market Manipulation

By: Marshall_Swing

The precious metals marketplace and even main street media is all abuzz about the 7,500 contract trade, in gold, on Monday, April 30th. Gold fell $15 in the space of a minute as many news outlets reported. Speculative traders think the trade could have been a fat finger. COMEX floor traders say otherwise and think the trade was deliberate just like any other trade because no one makes a trade of that size without specific instructions.

Wednesday, May 02, 2012

Gold Down in Dollars, Up in Euros, "Anemic" US Economy Misses Bernanke Jobs Target / Commodities / Gold and Silver 2012

By: Ben_Traynor

THE SPOT MARKET gold price rallied to $1658 an ounce ahead of Wednesday's US trading, following the release of disappointing US jobs data – though gold in Dollars remained down on the week so far.

The ADP National Employment Report shows the US economy added 119,000 nonagricultural private sector jobs in April – less than many analysts had forecast. The ADP report is closely watched as a precursor to the official nonfarm payrolls report, which is out this Friday.

Wednesday, May 02, 2012

Gold - It's Time to Climb the 'Golden Staircase' / Commodities / Gold and Silver 2012

By: Money_Morning

William Patalon III writes: When U.K. subscriber John M. wrote in this week, he got right to the point.

Asked John: "What's happening to gold prices? Why are they dropping?"

Wednesday, May 02, 2012

America's "Safest Long Term Investment" Is Gold - Gallup / Commodities / Gold and Silver 2012

By: GoldCore

Gold’s London AM fix this morning was USD 1,652.50, EUR 1,257.71, and GBP 1,020.44 per ounce.

Yesterday's AM fix was USD 1,661.25, EUR 1,253.02 and GBP 1,024.70 per ounce.

Gold fell $4.40 or 0.26% in New York yesterday and closed at $1,661.70/oz. Gold rose to over $1,670/oz in early US trading prior to selling capped price gains and the price then fell back to the $1,660/oz level.

Wednesday, May 02, 2012

Crude Oil Supply And 'Peak Oil' Price Drivers / Commodities / Crude Oil

By: Andrew_McKillop

Peak Oil can be defined at least 4 ways but one way is simple: Peak Oil is when supplies and stocks are tight enough, relative to demand, to make price slides short and price hikes long. This will continue until and unless the economy tilts into recession through market forces, or by policy decision in response to either external or internal shocks. Examples of the second feature the post-2008 bank, finance and insurance sector crisis, and the sovereign debt crisis of many OECD countries since 2008.

Wednesday, May 02, 2012

The Acquisition of Gold Mining Stocks is a Question of Timing / Commodities / Gold & Silver Stocks

By: Bob_Kirtley

In an attempt to maximize the profits on our investments we consider that the timing of any purchase of precious metals mining stocks to be of paramount importance. To that end we have not increased our exposure to this sector since our last purchase, which was in February 2011 and on reflection we are pleased with our decision to keep our powder dry until the opportunity presents itself whereby we bag a jolly good bargain.

Wednesday, May 02, 2012

The Gold Inflation Trade is On: Bernanke Has Broken the U.S. Dollar Rally / Commodities / Gold and Silver 2012

By: Toby_Connor

It may not seem like much happened yesterday, but a very important event occurred. Yesterday the dollar index breached 78.65. The reason that is significant is because 78.65 marked the intraday low of the prior daily cycle. A penetration of that level indicates that the current daily cycle has now topped in a left translated manner and a new pattern of lower lows and lower highs has begun. Any time a daily cycle tops in a left translated manner it almost always indicates that the intermediate cycle has also topped.