Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, January 25, 2012
The Theoretical Price of Gold $2,006, $10,386? / Commodities / Gold and Silver 2012
The following article appeared on the web this morning. It reports that India will be paying Iran in gold for the oil that it will be purchasing http://beforeitsnews.com/s...
As a matter of pragmatism, I invite the reader to focus on the following quote from this article:
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Wednesday, January 25, 2012
Completed Correction in Crude Oil? / Commodities / Crude Oil
Nearby NYMEX oil experienced a deep retracement of yesterday's upmove from 97.40 to 100.24. This morning's low at 98.25 followed by an upside pivot and rally to 99.20-plus preserved yesterday's low as well as its up-leg, which itself exhibited bullish form.
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Tuesday, January 24, 2012
Absence of Far East Demand Sees Gold Succumb to Profit Taking / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold prices retreated to roughly where they started the week during Tuesday's morning session in London, making a 1% drop from yesterday's 6-week high to $1665 an ounce.
Silver prices slipped to $31.91 an ounce – a 1% drop on Friday's close – as stocks and commodities also fell following news that Greek debt agreement remains elusive after yesterday's Brussels finance ministers meeting.
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Tuesday, January 24, 2012
Japan Gold Buying on TOCOM Again Supports / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,669.00, GBP 1,072.69, and EUR 1,282.17 per ounce.
Yesterday's AM fix was USD 1,675.00, GBP 1,076.55, and EUR 1,294.94 per ounce.
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Tuesday, January 24, 2012
Why Governments Will Want Much, Much Higher Gold Prices Soon! / Commodities / Gold and Silver 2012
That governments will want - and will NEED - much, much higher gold and silver prices in the future is counter intuitive, given that they have done everything within their power till now to throttle back and to keep a lid on bullion prices. Let me explain why.Although we have seen eleven consecutive years of gold bullion price rises, such increases have been incremental, measured and at levels which make the remainder of the commodities and equities markets look volatile. Governments have used their preferred bullion banks as agents in the paper futures markets and their central banks, in conjunction with their respective Treasury bureaucracies, to limit the inexorable rise in precious metals prices as much as possible to keep gold - the only ‘real money’ - from drawing unfavorable attention to their own failing fiat currencies and uncontrolled sovereign debt.
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Tuesday, January 24, 2012
When Will Silver Reach a New High? / Commodities / Gold and Silver 2012
Andrey Dashkov, Casey Research writes: In last week's Metals, Mining, and Money from Casey Research, Jeff Clark estimated that given the magnitude of the correction that started last September, it may take until May 2012 for gold to reach a new high. Let's take a look at how long it may take for silver to rebound.
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Tuesday, January 24, 2012
It May Take a Chinese Dragon to Breathe Fire into Commodity Markets / Commodities / China Economy
At the Cambridge House’s Vancouver Resource Investment Conference this week, I am part of a special debate on whether China will boom or bust with bestselling author Gordon G. Chang. The title of Chang’s book, The Coming Collapse of China, states his position quite clearly and I look forward to the intellectual challenge of convincing him otherwise.
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Tuesday, January 24, 2012
World Food Supply Coming Global Angst / Commodities / Food Crisis
Our agriculture system is concentrated on producing a very few staple crops - there is a very serious lack of crop diversity. Corn, wheat, rice and soy are the main staples and production is oftentimes half a world away from where the majority of the crop would be consumed. The world's extreme poor exist almost exclusively on what is a 'buy today, eat today' plant based diet - wheat, corn, soy or rice provide the bulk of their calories.
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Tuesday, January 24, 2012
Currency Wars Are Driving Gold and Silver Higher / Commodities / Gold and Silver 2012
Over the weekend, talks between Greece and its private-sector creditors over debt write-downs were unsuccessful. Charles Dallara, the creditors’ lead negotiator, left Athens on Saturday as differences remained over the terms of new Greek bonds. Although a deal was not agreed upon, the market is signaling high expectations for a deal to be completed soon.
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Tuesday, January 24, 2012
LNG Exports Won’t Save Natural Gas’ Slide / Commodities / Natural Gas
As the price of natural gas continued its free fall through last week, resulting in lows not seen since 2002, it’s no surprise that the price environment has chipped away at the big producers. Chesapeake Energy (NYSE:CHK) tipped its hand today, stating that it would pull back on its drilling activity by half and reduce production by 8% on account of low natural gas prices.
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Tuesday, January 24, 2012
Agri-Equities and the Global Food Crisis / Commodities / Agricultural Commodities
Some may have considered a planter of herbs on the patio for that taste only freshly picked gives. Many of us have a garden for fresh vegetables in the back yard. In the city that is about all that most can do. For in the city, no chickens are allowed. Most communities have strong ordinances against raising a flock of chickens in the backyard. And forget it, no cows for milk either.
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Monday, January 23, 2012
Currency Wars - Iran Banned From Trading Gold and Silver / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,675.00, GBP 1,076.55, and EUR 1,294.94 per ounce.
Friday's AM fix was USD 1,646.00, GBP 1,064.68, and EUR 1,274.29 per ounce.
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Monday, January 23, 2012
Gold Forecast $6000, And Gold Mining Analysis Through Visualisation / Commodities / Gold and Silver 2012
Gold Chart Analysis: Gold Price At $6000 Before 2014?
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Monday, January 23, 2012
Gold, Financial Market Safe Havens / Commodities / Gold and Silver 2012
For the last year or so there has been a lot of commentary with respect to money flows from more risky investments like stocks, commodities and gold and into the so called safe havens like the US dollar and the 30-Year Treasury. That’s the message heard day and night on Bloomberg and CNBC and they bring in one expert after another to back them up. They’ll sit there and beg the question knowing full well what the answer is going to be. It always struck me as far fetched that paper assets emitted by the world’s largest debtor, and backed by absolutely nothing, could be considered a safe haven. Meanwhile gold has been money for more than three thousand years and it is considered to be risky, speculative and down right dangerous by the gurus that fill the airwaves with their prophecies.
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Monday, January 23, 2012
Gold Confiscation, a Reality? / Commodities / Gold and Silver 2012
The issues facing the developed world's financial systems are ones of liquidity and solvency, among others. The assumptions of liquidity levels proved horribly incorrect! The request of the IMF to lift their resources from $380 billion to $980 billion and the currency swaps between the U.S. and Eurozone confirm that (these may still prove inadequate). Many markets, which reserve managers had considered to be deep and liquid, proved to be the exact opposite with assets-selling only at a large discount. This was even true of some AAA-rated assets, showing that credit ratings offered no effective guide to liquidity. Many central banks had to rely on bi-lateral currency agreements with other central banks, principally the US Federal Reserve.
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Saturday, January 21, 2012
Making Green Energy Credible / Commodities / Renewable Energy
Can we make green energy credible ? Not so much a victim of its own succees, but victim of its own failure, green energy still hangs on and hangs in among the mix-and-mingle of dominant government and elite ideologies in most OECD countries, and several G20 and Emerging economies led by China and India. One reason for this is really basic: there are no other ideas on the subject of "After we run out of cheap oil, what do we do ?"
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Saturday, January 21, 2012
Euro, Gold on the Move / Commodities / Gold and Silver 2012
Purely from a technical perspective, let's notice that the Euro/US Dollar hit a one-week high this morning at 1.2985 off its low at 1.2620 (+2.85%). It has since corrected and turned up from 1.2890, which happens to be the recent upside breakout plateau of a two-week base-like formation that projects to 1.3080-1.3120.
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Friday, January 20, 2012
Gold Stock Upleg Cycles / Commodities / Gold and Silver 2012
Despite gold’s powerful secular bull over the past decade, gold stocks remain vexing to investors and speculators. Though this metal’s miners have yielded truly colossal bull-to-date gains, they failed to leverage the record-high gold prices seen in much of 2011. So naturally traders aren’t very enthusiastic about this sector at the moment. But they sure would be if they understood the gold-stock upleg cycles.
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Friday, January 20, 2012
Platinum’s Upside Potential / Commodities / Platinum
There are certain dogmas held sacrosanct by precious metals investors and one of them is that platinum is supposed to be more expensive than gold. That’s just the way it is. Quite a few eyebrows lifted and jaws dropped last fall when the yellow metals price overtook that of platinum. The historic switch took place on Sept. 2nd when Comex gold futures settled at $1,875.25 per troy ounce, just above platinum’s closing price of $1,873 per ounce. When you consider the price history of the two precious metals—platinum has traded at a $200 to $400 premium to gold—the reversal was astounding. Just to give you a better idea, before the 2008 Lehman Brothers crash, platinum was trading at more than $2,270 per ounce while gold was trading under $990 an ounce.
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Friday, January 20, 2012
Investors Great Opportunities in Gold and A Dangerous Trap / Commodities / Gold and Silver 2012
“The Fed doesn’t have a clue about markets or economics. They are dangerous people. Printing money is not good for the world and will lead to more problems for the world….
“What the Federal Reserve is doing now is ruining an entire class of investors.” Jim Rogers, Bloomberg Interview, 6/29/11
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