Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, December 31, 2011
Gold Stocks Lessons Learned in 2011 and Implications for 2012 / Commodities / Gold & Silver Stocks
2011 certainly was a difficult year for gold bugs. Gold barely held onto its gains for the year while Silver went parabolic and eventually fell to negative on the year. Mining stocks? Don't ask. The large caps (gdx) are currently down 17% on the year while the mid-tiers (gdxj) are down 41% and the explorers (gldx) are down 44%. In our last commentary we discussed the equities with respect to investing and speculating. By now, you should know that most mining stocks are speculations and do not perform consistently, even in a raging bull market.
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Saturday, December 31, 2011
Powerful Rebound In Gold and Silver Prices About To Begin? / Commodities / Gold and Silver 2011
Rarely has such technical destruction been visited on stalwart sectors such as gold, silver and the mining stocks(GDX). The silver charts reveal technical damage not seen since the destruction of 1984. It can only be conjecture that can account for a once in a generation obliteration of a once hallowed sector. It must be remembered that both gold(GLD) and silver(SLV) had major moves earlier this year to the $1900 and $50, surpassing overhead resistance and reaching overbought territory. This may be the reason why the decline in precious metal is overextended and extremely oversold. We urged caution back in April for silver and in September for gold. Silver has characteristically corrected close to 50% from its highs, while gold has fallen less than 20%. Pullbacks are normal and restorative in a secular bull market in precious metals especially after explosive moves.
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Saturday, December 31, 2011
Platinum: Fire Sale On The Rich Man's Gold / Commodities / Platinum
John Lee writes: About 2000 years ago, Aristotle explained why gold remained the ideal choice of money throughout major nations and civilizations. In words that are just as relevant today, he said "Gold is durable, not like wheat, divisible, not like diamonds, convenient, not like lead, constant, not like real estate, and best of all, as jewelry, it has intrinsic value".
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Friday, December 30, 2011
Junior Gold Stocks Carnage / Commodities / Gold & Silver Stocks
As 2011 comes to a close, investors will reflect on one of the most tumultuous years in market history. Though the stock markets were essentially flat on the year, those who’ve had skin in the game probably feel like they just stepped out of a barrel that went over Niagara Falls.
In assessing what worked in 2011, investors can yet again take solace in “old reliable”. For the eleventh consecutive year gold will have returned positive gains. Not only has gold’s secular bull delivered consistency, it has delivered robust returns that have greatly rewarded investors. Since its low of $256 in 2001, gold has soared 640% to its high earlier this year. And with only a couple days remaining, gold is looking to close out 2011 with a 9%+ gain despite its recent selloff.
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Friday, December 30, 2011
Further Gold Price Fall Seems Unlikely / Commodities / Gold and Silver 2012
We are on the cusp of a new year, and this is the time that we take a look at those brave (or foolhardy) financial analysts who take out their crystal ball and predict where precious metal prices will go in 2012.
But first let’s see how last year’s prognosticators (including Sunshine Profits) fared. We are talking about predictions for the very chaotic 2011.
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Friday, December 30, 2011
Gold Records 11th Annual Gain, Ends 2011 Up 11% as World Stocks Drop 8% / Commodities / Gold and Silver 2011
The PRICE OF PHYSICAL gold crept higher early Friday, recovering half of this week's 5% loss to near 6-month lows as the Euro currency rallied from 12-month lows and world stock markets held flat.
The last London Gold Fix of 2011 came in at $1574.50 per ounce – some 11.6% higher from the end of 2010, and recording gold's 11th year of consecutive gains.
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Friday, December 30, 2011
Should Gold Investors Worry About Euro Currency Weakness? / Commodities / Gold and Silver 2012
On Thursday, Italy sold 7.02 billion euros of longer-dated bonds in the country’s final debt sale of the year. Although the yield on the 10-year bond decreased to 6.98 percent from November’s 7.56 percent, there is still plenty of concern weighing on the euro. The struggling euro has given a boost to the U.S. dollar, which has weakened gold prices.
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Friday, December 30, 2011
Sell Gold or Will It Outperform Again in 2012? / Commodities / Gold and Silver 2012
In 2011 investors saw gold perform outstandingly in the quiet season in July, August. $2,000 looked a certainty before the end of the year, but then unusual forces pummelled the gold price and all other global financial markets. Shades of the credit crunch hit the markets under the title of the Eurozone debt crisis. This had been going on for the last two years, but it entered a very dangerous stage in the final quarter of 2011.
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Friday, December 30, 2011
Gold Nearing Downside Exhaustion / Commodities / Gold and Silver 2012
Although right now we only have anecdotal evidence that that SPDR Gold Shares (GLD) might be making a significant multi-month corrective low in the vicinity of 148.50/25, all of my timeframe work from 5 minutes through the enclosed daily suggest that the price structure is nearing downside exhaustion.
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Thursday, December 29, 2011
Gold’s D-Wave Downtrend Forecast for 2012 Confirmed / Commodities / Gold and Silver 2012
With the move below $1535 this morning gold has confirmed that it is still moving down into a D-Wave bottom. There has been some question as to whether or not the D-Wave had bottomed in September. The penetration of that intermediate low this morning confirms that the D-Wave did not end during the overnight selloff on September 26.
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Thursday, December 29, 2011
Natural Gas Lies, Damn Lies, and Statistics / Commodities / Natural Gas
Dr. Kent Moors writes: It has been a while since I responded to your many emails.
So, as we await the latest developments in the European debt mess, today seems like a good time to answer a few. This time around, I am addressing some of your questions and comments that deal with natural gas.
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Thursday, December 29, 2011
Gold Breaks Lehman's Uptrend on Forced Inter Bank Crisis Sales / Commodities / Gold and Silver 2011
The WHOLESALE MARKET gold price fell further on Thursday in London, hitting its lowest London Gold Fix since 8th July at $1537.50 per ounce – 19% below Sept's record high – on what dealers called "long liquidation" and "pressure" from the Eurozone debt crisis.
New laws in Japan were also blamed for forced sales during Asian trade, with bullion dealers obliged to report all physical transactions above ¥2 million ($25,600) to the tax authorities starting New Year's Day.
Thursday, December 29, 2011
Is The Gold Bull Market Really Dead? / Commodities / Gold and Silver 2012
Before I start I am not some expert who preaches about the “funny mentals” there are far more experienced commentators around that can tell you more about gold, I am a mere mortal, all I do is trade price, I don’t use the news regarding why gold should be up or down, I simply count waves.Read full article... Read full article...
Thursday, December 29, 2011
Silver Awaiting Pivot Low / Commodities / Gold and Silver 2012
Since its Sept-Oct recovery rally peak at $35.71, spot silver prices have stair-stepped to the downside towards a retest of the Sep 26 spike low at $26.02. If violated and sustained, this should trigger a final bout of long liquidation that presses silver into a minimum target zone in the vicinity of $25.00, but possibly into the $22.00-$20.00 target support zone, where I will be expect price stability ahead of the emergence of a sharp recovery rally period.
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Thursday, December 29, 2011
Gold Near-Term Forecast 2012 / Commodities / Gold and Silver 2012
Gold is consolidating below $1600 as we enter the last week of the year. The last London gold fix of 2010 was $1405, so barring any dramatic price changes in the last week of the year, the yellow metal is on-track for yet another double-digit gain of about 14%.
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Wednesday, December 28, 2011
Solar Energy Breakthrough: Cheap Quantum Dot Solar Paint / Commodities / Renewable Energy
Researchers have reduced the preparation time of quantum dot solar cells to less than an hour by changing the form to a one-coat quantum dot solar paint.
How?
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Wednesday, December 28, 2011
Gold and Silver Bear, India Massive Keynesian Economic Failure / Commodities / Gold and Silver 2011
2011 has been a truly enlightening year. We learned that change had not arrived, despite all our hope. We learned that the U.S. Congress cannot be trusted to prevent the financial calamity which lies ahead for the U.S. But most important, we learned that Keynesianism, a form of socialism taught in modern day academia, has been a complete failure, and perhaps a complete hoax.
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Wednesday, December 28, 2011
CO2 Emissions Allowances, Get Ready For A Tumble In Hot Air Credits / Commodities / Climate Change
Europe's mandatory CO2 emissions allowances (called EUAs), and their alphabet soup of derived and related "financial instruments" have traced a boom and bust in notional or paper "value" similar to the paper shuffled by the USA's voluntary scheme for "monetizing" carbon. In both cases the supposed goal was generating the financial support needed for Energy Transition away from fossil energy to low carbon green energy. At a moment when the European Commission and the EU's investmenk bank the EIB are possibly taking actions which can implode the European carbon finance system, one of the many ironies is that 2011 in Europe was one of the warmest, or least cold years ever recorded. Despite this, restoring credibility and more important, the cash flows needed to keep high-living carbon traders at their playstations rolling the dice, is unlikely.
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Wednesday, December 28, 2011
London Gold and Silver Prices Catch Up with Indian Slump / Commodities / Gold and Silver 2011
THE PRICE OF physical gold bullion fell again as London re-opened Wednesday after the Christmas and Boxing Day holidays, dropping to two-week lows against all major currencies in what dealers called a "very quiet session".
London dealers returning to work caught up with a 1.4% drop for the week so far, plus news of falling industrial output in Japan, seasonally low jewelry demand in Indian – the world's No.1 gold buying nation – and also a new edict from the People's Bank of China, banning all non-official gold trading exchanges in the world's No.2 gold consuming country.
Tuesday, December 27, 2011
China Cracks Down on Gold Exchanges / Commodities / Gold and Silver 2011
Governments hate competition. Due to record breaking gold prices this year, more unauthorized gold exchanges have been created to capitalize on gold fever. However, China regulators are not happy about the competition.
A joint statement issued by People’s Bank of China, the Ministry of Public Security and other regulators recently announced, “No local authority, institution or individual is allowed to set up gold exchanges.” In essence, gold exchanges in China, except for two in Shanghai are to be banned. The joint statement also explained that the Shanghai Gold Exchange and the Shanghai Futures Exchange are sufficient enough to meet domestic investor demand for spot gold and futures trading.
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