Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, July 06, 2011
Bullish on Euro and Gold / Commodities / Gold and Silver 2011
Based on the contracting, coil-consolidation type patterns carved out in the euro/dollar and in spot gold since the first week of May, those two markets right now are warning us to expect potentially powerful, bullish upside resolutions. This should propel the euro/dollar to 1.51-1.53 and spot gold prices to $1590-$1620.
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Wednesday, July 06, 2011
Rising Interest Rates Not ETF's Are Kryptonite to the Gold Price / Commodities / Gold and Silver 2011
When real headwinds blow for the gold price, they'll blow from the East, not from falling gold ETF sales...
SO AFTER The Economist and Harper's both tried (and failed) to tar all gold investors with the same "idiot gold-bug" brush, trust our friends at the Financial Times to mistake Western investment funds for the entire global gold market.
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Wednesday, July 06, 2011
Euro Gold Rises to EUR 1,056/oz as Portuguese Bonds Melt Down / Commodities / Gold and Silver 2011
Gold is trading at $1,515.06/oz, €1,055.42/oz and £945.73/oz.
Gold is marginally higher in most currencies today and has risen a further 0.55% against the euro to EUR1,056/oz. It is just 3% from the record nominal high in euros at €1,087/oz due to the risk of contagion in the Eurozone.
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Wednesday, July 06, 2011
Gold Rises as Portugal Catches Eurozone Debt Plague / Commodities / Gold and Silver 2011
WHOLESALE MARKET gold bullion prices held steady around $1517 per ounce for the bulk of Wednesday morning London time – 2% up from Friday's close – while stocks and commodities slumped and US Treasury bonds gained after Portugal saw its sovereign debt downgraded to junk.Read full article... Read full article...
Wednesday, July 06, 2011
Silver Bottoms Amid Subtle but Bullish Factors / Commodities / Gold and Silver 2011
Successful market timing is based on careful use of technical analysis and sentiment analysis. Technical analysis measures supply and demand and sentiment analysis takes that a step further by looking at investor attitudes their positions and money flows. This information helps us assess probabilities. Nothing is certain but we want to see strong evidence before forecasting a turn in the market. In regards to Silver, we see strong evidence that a bottom is in place and the market will move higher in both the short and intermediate term.
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Tuesday, July 05, 2011
Minor Metals Investing Ups and Downs / Commodities / Metals & Mining
The critical metals space is shifting. In this exclusive interview with The Critical Metals Report, Dr. David Trueman, a consulting geologist, points to opportunities in global mining, processing and recycling of "-um" metals for growing electronic applications.
The Critical Metals Report: You started your geological career as a smelter mechanic in Thompson, Manitoba in 1962 before moving into academia, government, industry and latterly, consulting. The New York Times, the U.S. Government and investors have suddenly woken up to the importance of critical metals—minor, strategic and rare earth elements—for everything from miniaturization of motors to high-powered magnets for alternative energy and military applications. Has your background given you a deeper understanding of the explosion of interest in these materials? Read full article... Read full article...
Tuesday, July 05, 2011
Energy Stocks Heat Up / Commodities / Energy Resources
Recently back from a trip to the Middle East, Casey Research Energy Division Chief Investment Strategist Marin Katusa shares some of his best energy investment opportunities. In this exclusive interview with The Energy Report, he explains why this is a good time to pick up uranium and geothermal stocks.
The Energy Report: As the Chief Investment Strategist for the Energy Division of Casey Research, you follow the whole range of energy segments and investments for your company. There have been quite a few changes on both the political and economic fronts since you spoke with The Energy Report last November. Can you bring us up to date on opportunities in your coverage area—petroleum, natural gas, uranium and geothermal? Read full article... Read full article...
Tuesday, July 05, 2011
Agri-Foods Coming Full Circle / Commodities / Agricultural Commodities
Circles are somewhat special. They have no starting point nor ending point. Where they end is where they start. Such the time-worn phrase of "coming full circle." This Summer in Agri-Foods where we started this time last year is where we begin again.
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Tuesday, July 05, 2011
Rise of the Barter Economy / Commodities / Gold and Silver 2011
Imagine a day when you go to buy a quart of milk, ask the price, and the cashier says, "that'll be a tenth ounce silver." As the US dollar's decline accelerates, several efforts around the country are trying to make this vision a reality.
Historically, paying for items in silver or gold was actually quite common. We happen to live in an unusual time and place where generations have grown up trading exclusively in paper. While my parents still used dimes made of silver, we have now gone several decades with no precious metals in any of our official coinage. But this system of money by government fiat is unsustainable.
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Tuesday, July 05, 2011
Asian Bargain Hunters Boost Gold Price / Commodities / Gold and Silver 2011
THE WHOLESALE market price to buy gold climbed to $1505 an ounce Tuesday morning London time – 1.2% up on last Friday's close – while stocks, commodities and US Treasury bonds also gained after yesterday's Independence Day holiday in the US."Bargain hunting [has] helped the metal rebound from its low on Friday," notes Swiss precious metals refiner MKS.
Tuesday, July 05, 2011
Gold Price Should Double / Commodities / Gold and Silver 2011
While the potential for a continued extension of Major wave 3, of Primary V, did not pan out: http://caldaro.wordpress.com/.... The primary count, an Intermediate wave B rally, did. Gold is now in a downtrend and still correcting in Major wave 4, after completing a Major wave 3 high at $1563 in late April.
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Tuesday, July 05, 2011
Gold Targets $1,800/oz on Seasonal Strength and Deepening Eurozone and U.S. Debt Crisis / Commodities / Gold and Silver 2011
Gold is trading at $1,504.13/oz, €1,039.34/oz and £933.89/oz.
Gold is higher today and showing particular strength against the euro and the Japanese yen. The relief rally seen in equities since the latest Greek ‘bailout’ is under pressure as S&P have said the debt rollover proposal would be a “selective default”. The ECB may selectively reject the S&P Greek downgrade and arbitrarily select the best credit rating being offered.
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Tuesday, July 05, 2011
Gold Price Downside Limited / Commodities / Gold and Silver 2011
Despite some calling for an explosive summer rally in gold, prices fell again this week on the back of easing concerns over Greek sovereign debt as the Greek parliament successfully passed the austerity legislation required to access additional bailout funds. This was due to the erosion of what we call gold's "Eurozone Debt Crisis Premium" and, as explained in our article last week; gold prices were not likely to rally in any sustainable manner. However the question is where are gold prices heading from now and how should one go about trading or investing in this environment.
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Monday, July 04, 2011
Corn Price Gets Creamed / Commodities / Agricultural Commodities
Corn prices took a two-day shellacking last week, settling under $6 a bushel for the first time since last December. Traders were caught wrong-footed, expecting wet weather to have slowed corn planting.
Weather didn't get in the way of economics. The US Department of Agriculture said last week that surveys conducted during the first two weeks of last month found farmers had planted 92.3 million acres of corn, the second most since World War II after 93.5 million acres in 2007.
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Monday, July 04, 2011
Gold Rallies as Greeks Lose Sovereignty for Eurozone Expertise / Commodities / Gold and Silver 2011
THE WHOLESALE market price of gold bullion rose to just under $1497 per ounce Monday morning in London – 0.7% up on last week's close – before easing back around lunchtime.Stock markets gained and commodities were mixed after news that a plan to roll over Greek sovereign debt could be declared a default.
Monday, July 04, 2011
Mysterious Hidden Hand That Manipulates the Crude Oil Price / Commodities / Crude Oil
First impressions it looks suspiciously like the bold experiment to strut the power of USA as a player in the oil-price conundrum; looks set to be about as successful as the $4.7 trillion campaign to achieve, I still didn’t figure out quite what, in Iraq and Afghanistan….err…and perhaps Libya?
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Monday, July 04, 2011
Crude Oil Price CouldĀ Double / Commodities / Crude Oil
We have not written anything about the bull market in Crude since November. And that piece was more directed toward Natual Gas, which continues to drift along with a slight upward bias. We are not going to get into the fundamentals that are driving Crude prices higher; i.e. peak oil, quantitative easing, tax issues and simply growing energy demand from the emerging economies. This is more of a technical report using the principles of OEW with price and cycle analysis.
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Sunday, July 03, 2011
Gold Continues to Target a Downtrend to $1400 / Commodities / Gold and Silver 2011
So far the head and shoulder pattern in gold, highlighted here for the past couple of weeks, is acting right on schedule. If all continues to perform as expected then we are heading towards the $1400 area. BUT seldom do things go as expected. Go with the flow but always be prepared for the unexpected.
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Sunday, July 03, 2011
Global Steel Demand Continues to Rise / Commodities / Steel Sector
Massive infrastructure growth in the developing nations and a more modest growth in developed nations promise to push global steel demand by 6.5–7% this year. Lakshmi Mittal, the chief executive of ArcelorMittal recently said that the demand for steel is expected to continue rising in 2011. In 2010, global steel demand rose by 10% from 2009 levels and touched a record high of 1.4 billion tons.
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Sunday, July 03, 2011
Got Physical Silver? / Commodities / Gold and Silver 2011
According to the annual report released by metals consultancy GFMS Limited for The Silver Institute, the annual industrial demand for silver will grow from about 487.4 million ounces recorded in 2010 to 665.9 million ounces in 2015. While emerging technologies are expected to contribute significantly to this demand, it is apparent that established uses will still be the major demand driver.
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