Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, October 29, 2010
Fraudulent Silver Price Manipulation / Commodities / Gold and Silver 2010
Since we received reports from the CFTC that market players have made "repeated" and "fraudulent efforts to persuade and deviously control" silver prices, we have heard that HSBC Holdings Plc and JPMorgan Chase & Co. are facing an investor's lawsuit of placing "spoof" trading orders to manipulate silver futures and options prices in violation of U.S. antitrust law. The investor, Peter Laskaris, alleges that starting in March 2008, the banks colluded to suppress silver futures so that call options, or the right to buy, would decline, and put options for the right to sell would increase, according to the complaint filed yesterday in federal court in Manhattan. The collusion was also intended to maintain prices at levels at which some options would expire as worthless.
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Friday, October 29, 2010
Gold and Silver Jump as GDP Data Reveal US Inflation Rise, Economists Urge QE / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rose sharply at the start of New York trade on Friday, jumping 1.2% from an earlier low in London to hit $1352 per ounce – some 1.8% higher from last week's finish – as new data showed weaker-than-expected US economic growth, with much stronger-than-forecast price inflation.
World stock markets had already sagged before the Commerce Dept. said GDP expanded by 2.0% annually between July and Sept.
Friday, October 29, 2010
Energy Bargains Ripe for the Plucking, Higher Oil Prices Dead Ahead / Commodities / Crude Oil
Ladies and gentlemen, I’ll get right to the point: The future of the western world rests on your shoulders. Oil is the lifeblood of civilization, and we are dependent on foreign sources for oil more than ever before.
More than that, many of our foreign oil suppliers hate us. The four biggest reserves of oil in the world belong to Saudi Arabia, Venezuela, Iran and Iraq. If you were putting together a Facebook page for North America, none of those characters would friend us.
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Friday, October 29, 2010
Gold Consolidates in October as QE2 and US Elections Loom / Commodities / Gold and Silver 2010
Gold is marginally lower in dollar terms and in most currencies except for the euro this morning as there are renewed budget and sovereign debt concerns in the eurozone. Peripheral sovereign bonds have fallen sharply in value (see below) - although losses were limited by rumours that the European Central Bank may have resumed bond purchases. This is leading to weakness in the euro and gold rising in euro terms as traders question whether the period ofrecent euro strength was overdone.
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Friday, October 29, 2010
Copper Could Pullback Soon / Commodities / Metals & Mining
Following a 38.2% pullback in Copper earlier this year subsequent recovery breached important resistance which opens the way for a return to the old 2008 peak. Shorter term, though, the signs are building that a correction is due.
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Friday, October 29, 2010
Turkmenistan Takes Sides in Natural Gas Pipeline Supply Competition / Commodities / Natural Gas
While Russia has stated that its state-owned gas giant Gazprom would participate in a trans-Afghan pipeline with Turkmenistan, Turkmen officials have denied the same. This comes after a rather disappointing meeting in Ashgabat between Russian President Dmitry Medvedev and his Turkmen counterpart Gurbanguly Berdymukhamedov, in which Moscow came away empty handed.Read full article... Read full article...
Thursday, October 28, 2010
Uranium and Mining Stocks Recovering / Commodities / Uranium
Uranium has been radioactive for investors who have stayed away in droves since the metal crashed into a prolonged slide beginning in early 2007. Now in a cautious recovery mode from multi-year lows, Haywood Securities Senior Analyst Geordie Mark says a rising uranium price is the driver for select mining companies. In this exclusive interview with The Energy Report, Geordie discusses uranium demand and brings some specific ideas to the table for investors.
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Thursday, October 28, 2010
U.S. Dollar Chart Suggests Caution for Gold Bulls / Commodities / Gold and Silver 2010
Spot gold prices have been in a corrective mode since mid-October and have given up a modest 5.5% from the $1387.65 high. More importantly, however, is that the price structure is probing important July-Oct support in the $1316-$1314 area, which must be contained to avert additional weakness into the area of the rising 50 DMA, now at $1295.
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Thursday, October 28, 2010
Gold vs Bonds / Commodities / Gold and Silver 2010
Most investors have a deep-seated belief that bonds are a safe investment while gold is risky and volatile. If we explore this belief with an open mind, however, we will find that gold, not bonds, offers vastly superior wealth protection.
The 2008 financial crisis saw an unprecedented move out of equities and into bonds as investors looked for a safe haven, one that would protect their portfolios. Relatively few investors chose to move into gold. This is curious because gold, unlike bonds, is an asset class that has a negative correlation to financial assets, thus providing the greatest diversification as well as protection from inflation and currency crises.
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Thursday, October 28, 2010
Gold Rallies, Dollar-Correlation Eyed as Irish and Greek Bonds Hit by Deficit Fears / Commodities / Gold and Silver 2010
INTERNATIONAL WHOLESALE prices for gold bullion rallied almost 1% from yesterday's four-session low in London on Thursday, reaching $1333.50 per ounce as European stock markets rose – along with the Euro – despite a fresh plunge in "peripheral" Eurozone bond prices.
Crude oil ticked back above $82 per barrel. Silver prices held steady around $23.75 per ounce after an "extremely volatile" session on Wednesday in the words of one London trader.
Thursday, October 28, 2010
Gold Slumps as Palladium Rises on Supply Concerns Could Soar to over $1,000/oz / Commodities / Gold and Silver 2010
Gold fell 1.1% yesterday and silver by 1.5% as expectations regarding the scale of QE2 were eased back to the $1 trillion to $2 trillion mark and assertions that the money printing would be done on a more gradual basis eased concerns. The dollar's weakness today is leading to tentative strength in the precious metal markets.
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Thursday, October 28, 2010
Fuzzy Silver, What's Next for SLV ETF? / Commodities / Gold and Silver 2010
Sometimes the picture is not clear. This type of trading environment is what separates the men from the boys.Risk management is not well understood, but it is vital to successful investing and trading.
The precious metals markets are correcting as expected. Commodities in general and the metals in particular have seen a "love in" that would make Woodstock blush. So now what?
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Thursday, October 28, 2010
The Silver Sleuth from Big Gold / Commodities / Gold and Silver 2010
Jeff Clark, Senior Editor, BIG GOLD writes: We once had an ongoing series in BIG GOLD called, "1001 Reasons to Own Gold." The idea was that there were so many valid reasons to own the metal that I wanted to track and report on them. If you've been invested in the precious metals arena, you know there have been a myriad of bullish indicators for silver this year as well.
Here's a couple new reasons to own silver that a lot of mainstream investors probably aren't aware of…
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Thursday, October 28, 2010
Gold Breakout vs. Corporate Bonds / Commodities / Gold and Silver 2010
Since the financial crisis in 2008, it is undeniable that precious metals have been the best performer. One would assume that market participants have been piling into Precious Metals. Certainly some money has moved into the sector, smartly anticipating the continuance of a major bull market and looming severe inflation in the next several years. Yet, most funds have moved into fixed income (corporate bonds and treasuries) as the chart shows.Read full article... Read full article...
Thursday, October 28, 2010
Rising Gold Price Under Pinned by Large Funds Hedging Strategies / Commodities / Gold and Silver 2010
Managing Director Tan Khandaker, of New York-based Khandaker Morgan, thinks gold hedging strategies by large funds will underpin a rising gold price at least for the next few years and perhaps beyond. Tan also sees junior gold companies as the best way to leverage rising gold prices. Khandaker Morgan has built an index of junior miners with near-term catalysts for growth, and it's up about 15% since March. In this exclusive interview with The Gold Report, Tan presents some of his favorite names from his exclusive index.
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Wednesday, October 27, 2010
How Second Rate Silver Brings First Rate Returns / Commodities / Gold and Silver 2010
Silver has dominated the commodity and precious metals explosion through 2009 and 2010 with returns that meet and exceed any other precious metal. However, why is silver still a top investment? For two very important reasons: its volatile supply and its stance as gold's little brother.
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Wednesday, October 27, 2010
Will 'Megatons To Megawatts' Solve The Uranium Supply Pinch ? / Commodities / Uranium
MEGATONS TO MEGAWATTS
World uranium supply deficit, currently running at about 12 500 to 15 000 tons (2010 mine and supply forecasts relative to demand forecasts), or about 20 percent, is covered from sources especially including stocks held by mining companies, power plant operators and builders. This massive deficit is also partly covered, perhaps by 4 000 tons of uranium equivalent per year, with recycled and diluted highly radioactive wastes including plutonium that are converted to so-called MOX fuel (Mixed OXide), almost exclusively in France and the UK.
Wednesday, October 27, 2010
Crude Oil Rally Halted as U.S. Dollar Gains / Commodities / Crude Oil
Gains in the dollar have put a brief halt in a three-day run of gains in oil prices. Benchmark crude oil scheduled for December delivery currently (October 27) trades at $81.73 in early New York NYMEX trade.
Current crude oil prices mark an 82 cent decline from Tuesday’s settle price on the New York Mercantile Exchange.
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Wednesday, October 27, 2010
Gold Tight Supply to Complement Robust Demand / Commodities / Gold and Silver 2010
In an earlier article, we have established a robust outlook for precious metals’ demand in the long term. With the outlook on demand remaining upbeat, an analysis of the supply side will complete a fundamental study of the metals space. Generally, oversupply kills any optimism that strong demand creates. What is of more importance to investors is the demand supply gap rather than demand alone, as this is the prime determinant of long term prices.
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Wednesday, October 27, 2010
Gold Falls on Cautious QEII Report, Silver Spike Manipulation Statement / Commodities / Gold and Silver 2010
THE PRICE OF GOLD slipped back to last week's finish below $1330 an ounce in London on Wednesday, as the US Dollar rallied after a Wall Street Journal report said the Federal Reserve will be more cautious-than-expected in next week's hotly-anticipated asset purchase program – also known as QEII.
Crude oil contracts fell for the first time since Friday. Emerging-Asia stock markets lost 0.8%.