Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, November 10, 2010
Silver SLV and SLW, What A Climax Run Looks Like / Commodities / Gold and Silver 2010
Does everyone know what a capitulation sell off looks like? That’s where you get those wicked spikes down AFTER you’ve been falling for a period of time. Know what the flip side to that is? CLIMAX RUNS. We bring this up because if you look at SLV and SLW that is exactly what you are seeing.
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Wednesday, November 10, 2010
Will China's Residential Construction Bubble Hit Copper, Zinc and Nickel Industrial Metals? / Commodities / Metals & Mining
China is the world’s largest consumer of copper, zinc and nickel and also among the leading consumers of other base metals. The country has one of the fastest growing auto sector (which has overtaken the US in size) and has plans for rapid expansion of railroads and other infrastructure segments. Not surprisingly, China’s demand growth is expected to be the single most important factor in determining the direction of metal prices.
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Tuesday, November 09, 2010
Gold Expected to Peak at Around $1500 / Commodities / Gold and Silver 2010
Regular readers of my articles on Gold over the past few years know that I have a theory on this Gold Bull market. In summary, it’s that we are in a 13 Fibonacci year uptrend that started in 2001, and now we are in the final 4 years of that uptrend. It is in this last 5 year window that I theorized started in August of 2009 that investors really get involved. As the crowd comes in, prices push higher and higher, and then more and more investors come in and so forth.
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Tuesday, November 09, 2010
Fed Creates Parabolic Move In Gold And Silver, Climax Top? / Commodities / Gold and Silver 2010
After trading through both bull and bear markets and witnessing hysterias and panics I have learned that whatever method you use to buy stocks, you must have a discipline to sell. When I buy I look for support levels and oversold conditions so that a reversal could bring about a major gain and the downside risk is calculated. As I wrote in my buy signal in gold in late July, the conditions were ideal for a major move to the upside. Now the conditions are reaching the extreme opposite, it is overbought and surpassing measured moves and upper resistance lines which mark prior turning points.Read full article... Read full article...
Tuesday, November 09, 2010
Natural Gas Catches a Bid as U.S. Drowns in Supply; Bernanke Cheers / Commodities / Natural Gas
Since commodities have little to do with actual supply and demand in the physical market (as the world swims in oil, and the U.S. in natural gas), and everything to do with the supply of fiat currencies chasing physical assets, let us see if Bernanke can cause natural gas to take off. This has been the one huge laggard of the year, as nat gas is difficult to transport and hence reflects the domestic economic situation more than most other commodities.
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Tuesday, November 09, 2010
Higher Prices Ahead for Natural Gas / Commodities / Natural Gas
Today's action in natural gas and in the U.S. Natural Gas Fund ETF (NYSE: UNG) argues for higher prices. Increasingly, the pattern that continues to unfold in the UNG since early October has taken the form of a rounded bottom, which if accurate argues for upward pressure into key near-term resistance plateaus at 6.00/05, and then at 6.20/25, each of which if hurdled will trigger potentially powerful short-covering that will propel prices towards my optimal next target zone of 6.60-.70.
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Tuesday, November 09, 2010
Is the Gold Standard Returning? / Commodities / Gold and Silver 2010
World Bank President Robert Zoellick, a former member of the U.S. Treasury, made his case for bringing back the gold standard. This statement in the Financial Times comes just ahead of the G20 meeting in South Korea.
Mr. Zoellick said, "the system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values."
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Tuesday, November 09, 2010
Gold "Incredible", Silver "Phenomenal", Short Sellers Squeezed / Commodities / Gold and Silver 2010
THE PRICE OF PHYSICAL GOLD continued to surge in London on Tuesday, taking out fresh all-time highs for US, Canadian and UK investors as European stock markets reversed yesterday's drop and the Euro rallied from a 1-week low on the currency market.
Commodity markets added up to 1.5%, while German Bunds rose but US and UK debt slipped, nudging the 10-year gilt yield back above 3.0%.
Tuesday, November 09, 2010
Gold Takes One More Step Towards Center Stage of the Global Monetary System! / Commodities / Gold and Silver 2010
Before the Gold Forecaster came into being, it had become clear that gold was headed back into the monetary system. Why, you may well ask? It was because of the "Washington Agreement". This agreement changed the tone of central banker's approach to gold. This Agreement inspired the start of Gold Forecaster. Since then the newsletter has forecast the very events that are now taking place and has been right on each of gold's moves in price and in re-acceptance over this last decade.
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Tuesday, November 09, 2010
Rebirth of the Gold Standard / Commodities / Gold and Silver 2010
When I suggested in an editorial last year that a gold standard should be adopted, I was summarily dismissed in the most condescending fashion by economists and journalists alike who proclaimed that I didn’t understand economics or currencies or monetary history.
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Tuesday, November 09, 2010
Momentous Week for Gold, Did anybody miss the boat? / Commodities / Gold and Silver 2010
Last week saw a momentous week for gold. The much touted second round of quantitative easing (QE2) from the US Feds sent stock indices and precious metals higher.
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Tuesday, November 09, 2010
Quantifying What QE2 Means for Future Inflation, Gold and Silver Prices / Commodities / Gold and Silver 2010
Chris Mack writes: Many investors are struggling to understand the ramifications of the recently announced quantitative easing (QE) plan. The bottom line is that QE2 has major future implications for inflation and the price of gold and silver.
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Tuesday, November 09, 2010
Silver Prices Sparkle Once Again / Commodities / Gold and Silver 2010
Silver prices are just sparkling as this chart clearly shows with todays advance adding $1.02 for a gain of 3.82% - so put on a big smile on your face and walk around your place of toil and add a little cheer to everyones day, share your success with them, add to the feel good factor, it just might give them a lift too.
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Tuesday, November 09, 2010
Crude Oil and Natural Gas Energy Markets Elliott Wave Analysis / Commodities / Crude Oil
In recent months we have observed commodities rising in anticipation of another FED quantitative easing program. Then, last week, the FED officially announced the QE 0.6 ($trillion) program and commodities took off again. The commodity bull market continues.
Last week we watched Crude oil hit a two year high, along with Agriculture and Basic Metals, and Gold hit another all time high. When we track commodities we use the five sectors provided by the Goldman Sachs Commodity Index: energy, precious metals, agricultural, basic metals and livestock. The energy sector is our focus today. The GJX is composed of W. Texas Crude, Brent Crude, Heating Oil, Gas Oil, RBOB Gasoline and Natural Gas. We chart the GJX index, W. Texas Crude and Natural Gas. As you can observe, in the chart below, GJX is in a long term uptrend.
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Tuesday, November 09, 2010
The Currency War is Good For Gold / Commodities / Gold and Silver 2010
As the world awaits another $600 billion flood from Bernanke's printing press, central bank governors from Brasília to Tokyo are preparing to respond in kind. This is the monetary equivalent of a nuclear war, except instead of radiation, bombs of inflation threaten to make the world economy uninhabitable for saving and productive enterprise.
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Tuesday, November 09, 2010
Gold Junior Miners Latin Fever / Commodities / Gold & Silver Stocks
PI Financial's David Goguen is vice president of Institutional Mining Sales, specializing in the mining sector. As part of his service to Canadian and U.S. resource-focused institutional investors, David evaluates and screens junior gold companies by initially dividing their enterprise values by total ounces. The result acts as a filter that either encourages David and his team to ask more questions about the company or to find other dance partners. In this exclusive interview with The Gold Report, David discusses PI Financial's recent institutional sales desk report titled Select Golds: Latin Focus and his methods of analysis.
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Monday, November 08, 2010
Regarding Gold and Silver - Meet Mr. Consistency / Commodities / Gold and Silver 2010
During the past 10 trading days gold has risen 5%, while silver rose 15%. During the past 72 trading days (going back to July 27/10), gold rose 20%, while silver added on 53%.
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Monday, November 08, 2010
Bernanke Sets Gold and Other Commodities on Fire / Commodities / Commodities Trading
Ben Bernanke has unleashed the most powerful forces on the planet.
More powerful than any government. More powerful than any other central bank. More powerful than even the President of the United States.
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Monday, November 08, 2010
Gold Hits New Record High, Breaks €1000/Oz, on "Gold Standard" Call from World Bank / Commodities / Gold and Silver 2010
THE PRICE OF PHYSICAL gold bullion touched a new Dollar-record on Monday – just $1.25 shy of $1400 per ounce at the start of Asian trade – before easing back as global stock markets slipped and the US currency rose on the forex market.
Japanese, Swiss and Canadian investors saw the gold price continue to rise, however, while the Euro price broke above €1000 per ounce for the time in 14 weeks.
Monday, November 08, 2010
World Bank Chief Calls For Return to Modified Gold Standard / Commodities / Gold and Silver 2010
This morning, gold hit a new record nominal high in dollar terms at $1,398 an ounce and gold in euro terms surged to reach €1,000. A subsequent bounce in the dollar and profit taking saw gold fall from the record nominal high in dollar terms but it remains near €1,000/oz. There is increasing concern about Ireland and other periphery EU nations' worsening fiscal and economic situations and possible ramifications for the European Monetary Union and the euro. Silver has risen to over €19/oz (see Cross Currency Table below).
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