Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, May 08, 2011
Gold Long-term Long Way From a Bearish Reversal / Commodities / Gold and Silver 2011
Darn, missed it by $2.40. My long term projection of $1575 was exceeded by $2.40. Oh well, better luck next time. Now what? There was a lot of damage done this past week and it may take time to fully recover. However, anyone who thinks that the US $ is still not in deep trouble reflecting in higher gold prices sometimes ahead is not looking at things realistically.
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Saturday, May 07, 2011
Gold and Silver Bullish Arugments / Commodities / Gold and Silver 2011
This headline-charged first week of May has been dominated by the announced death of Osama Bin Laden, a historic 5-cent retreat in the euro and the greatest weekly decline in silver. But the week could have witnessed a positive transition (another one) in favour of precious metals. Here is why;
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Friday, May 06, 2011
Silver Takes it on the Chin / Commodities / Gold and Silver 2011
This week saw the type of downside volatility in the precious metals market that will be remembered for years to come. For those of us who have been long gold, and silver in particular, the memories will not be pleasant. While many had been expecting a pullback in silver, when the violence did come it was nevertheless shocking. Silver shed one third of its value in less than one week. And while gold was pulled down by the general sell off in all commodities (oil, copper, coffee, etc.) the yellow metal shed only 6.5% during the carnage. Those mild losses should remind us that gold is not just another commodity, but has monetary qualities that tend to smooth out volatility. But will silver survive the vicious downturn?
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Friday, May 06, 2011
Understanding The Yuan, U.S. Dollar Relationship To Gold, Silver And Commodities / Commodities / Gold and Silver 2011
In early January of 2011, a top secret candlelight dinner was held at the White House. There was no fanfare and meager publicity. Present were the industrial, military and governmental heads of both China and the United States. Our government had just digested the failures of Lehman Brothers, AIG and other corporate icons by creating massive bailouts and running up trillion dollar budgetary deficits.
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Friday, May 06, 2011
Silver in Freefall, What's Next? / Commodities / Gold and Silver 2011
Silver was one of the top priorities for many of precious metal traders until last week. However, silver market witnessed a dramatic turbulence in recent days. Let’s examine what has happened in silver market, in detail. Two weeks of gains for silver were erased in only 11 minutes this Monday as markets opened for electronic trading in Asia with prices falling as much as 12 per cent in the session. Spot gold fell 2.2% in 40 minutes. On Wednesday prices took another hit on a newspaper report that high-profile investors, including George Soros’ hedge fund, have sold precious metals. Silver for July delivery closed lower by 7.5%, at $39.39 an ounce on the Comex division of the New York
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Friday, May 06, 2011
Crude Oil Prices Reverse: Where Next? / Commodities / Crude Oil
Identifying bubbles is not (very) hard, what’s hard is predicting at what price and when they will pop. Two weeks ago I wrote an article titled “FAO Food Index Predicting a Reversal in Crude Oil Prices”.
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Friday, May 06, 2011
Gold and Silver Bloodbath Prompts Indian and Chinese Buying / Commodities / Gold and Silver 2011
WHOLESALE TRADERS looking to buy gold saw Dollar prices whip in a $10 range on Friday in London, heading into the weekend at $1488 per ounce – 5.5% below Monday's record-high spike– as European equities and global commodities stemmed their losses.
Silver bullion also rallied, bouncing from a drop below $34 per ounce but suffering its fifth daily plunge in a row, fully 31% below last Thursday's three-decade high.
Friday, May 06, 2011
China Buying Silver, Accumulating Bullion on the Drop / Commodities / Gold and Silver 2011
China Buying Silver, Accumulating Bullion on the Drop
Gold and silver are tentatively higher after their 2% and 8% falls yesterday. In silver, speculators on the COMEX continue to liquidate on mass after margin was increased a massive 84% and various stop loss levels are hit, leading to further falls in the futures market.
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Friday, May 06, 2011
Why Copper is in a Long-Term Bull Market / Commodities / Metals & Mining
Kerri Shannon writes: With metals and commodities on a long-term bull-market run, investors have recently turned their attention to copper.
The red metal's price recently has fallen due to mixed economic data. Copper's use as an industrial metal - it's widely used in buildings, electronics, appliances and automobiles - makes it sensitive to economic growth prospects.
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Friday, May 06, 2011
Gold and the U.S. Dollar / Commodities / Gold and Silver 2011
On April 25th I stated that I would not be taking partial profits on silver as I anticipated gold had not yet peaked and would reach a daily RSI reading of over 80 before doing so, in line with historical peaks. Well, the latter proved correct as gold moved higher to print a daily RSI of 82 on April 28th, but by that time the relationship between the two precious metals had broken down and silver was already in retreat. So, opportunity missed on silver to part-sell higher and part-buy-back-in lower, but I am now turning my attention to the opportunity of adding more at lower prices in the precious metals complex as we press on towards the secular peak around 2013.
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Friday, May 06, 2011
Gold, Silver and the Currency Wars / Commodities / Gold and Silver 2011
With five margin increases in ten days, one could suggest that the CME and their do-nothing friends in the CFTC are machine-gunning the lifeboats, and the refugees from the currency wars.
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Friday, May 06, 2011
Today’s Silver Scandal / Commodities / Gold and Silver 2011
Under-30 silver traders weren’t alive to see the billionaire Hunt Brothers bankrupted by silver trades, and those under-45 years old probably never read about it. The Hunts’ silver debacle occurred after the “soybean caper,” but before the CFTC fined them $500,000 in a July 1981 out of court settlement for blatant violation of commodities laws in their attempt to corner beans. The Hunts had borrowed money to buy silver and leveraged themselves in silver futures in an attempt to corner the market.
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Friday, May 06, 2011
Potash Prices Headed to $750? / Commodities / Agricultural Commodities
With rising global demand for food comes escalating cash flows that enable farmers to purchase additional fertilizers to further boost yields. Dundee Securities Senior Analyst Richard Kelertas follows junior potash explorers that have been red hot for much of the past six months. In this exclusive interview with The Energy Report, Richard shares some names that he believes could develop into bumper-crop multiples for investors.
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Thursday, May 05, 2011
When a Gold Necklace Isn't Jewelry / Commodities / Gold and Silver 2011
Jeff Clark, BIG GOLD writes: When it comes to supply and demand, what you’ve been told about gold jewelry is wrong. That’s a strong statement, but I’ve got a firsthand account to back it up.
Most industry organizations separate jewelry from investment when they tally the numbers on the uses for gold. This makes sense, of course, because one is a coin or bar purchased as a store of value and the other is something designed to be worn. But what if large populations around the world view them as serving the same purpose?
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Thursday, May 05, 2011
Gold, Sources And Remedies Of Financial Instability / Commodities / Gold and Silver 2011
Excerpt: "The hour is late. At stake is the survival of the U.S. and world economy as we know it. Failure to act now would lead to a disaster comparable only to the collapse of the Roman Empire in the fifth century A.D. that was accompanied with a total breakdown of law and order, accompanied, significantly, by gold going into hiding."
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Thursday, May 05, 2011
Gold and Silver Sell Offs Are Precious Metals Bull Market Investment Opportunities / Commodities / Gold and Silver 2011
"One must take advantage of sell-offs in gold and silver miners; they are opportunities to get on board the secular bull market in precious metals."
The long awaited healthy pullback has come. However, do not forget that Federal Reserve Chairman Ben Bernanke will continue devaluing the dollar (UUP) by keeping interest rates at all-time lows and continue quantitative easing as we have not seen a major improvement in unemployment and housing. We are also entering an election year in which central banks do not want to rile the equity markets. Just because the S&P (SPY) has been soaring does not mean the economy is improving.
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Thursday, May 05, 2011
Silver Price Forecast to Trend to $83 / Commodities / Gold and Silver 2011
Though Markets often Rhyme they rarely repeat:
With everyone and their grandmother calling a blow-off top in Silver we thought it prudent to present an alternate perspective.
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Thursday, May 05, 2011
Silver for Volatile Times in Desperate Economic Conditions / Commodities / Gold and Silver 2011
Here is an interesting theory on the recent silver run up and correction which someone pointed out to me this evening from a chatboard.
I do not know if his theory is valid of course, and the author allows as much, as more data is required. I doubt even the COT report this Friday will be of use. I like to follow Harvey Organ and Dan Norcini on these matters and will look forward to their weekend commentary.
Thursday, May 05, 2011
What it Takes to Truly Stop the Gold Bull / Commodities / Gold and Silver 2011
The odds of a long-awaited precious metals correction increased this week.Gold and silver have been setting new high after new high. Gold is up $100 and silver’s up more than $10 since President Obama ruled out significant spending cuts in his mid-April budget speech and the Fed chairman noted inflation will be “transitory.”
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Thursday, May 05, 2011
Gold Testing $1500, Silver Extends Worst Plunge in 24 Years / Commodities / Gold and Silver 2011
PRICES in LONDON's wholesale spot gold market briefly dipped beneath $1500 per ounce the first time in a week on Thursday in London, bouncing to $1509 – and recovering faster vs. the Euro and Sterling – as both the UK and Eurozone central banks held their interest rates unchanged, significantly below the rate of inflation.
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