Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, July 28, 2010
Gold GLD ETF Eyeing 200-Day Moving Average / Commodities / Gold and Silver 2010
By: Mike_Paulenoff
In our Webinar last night, we discussed gold and the SPDR Gold Shares (NYSE: GLD), which has been a liquidating market. The GLD closed at 113.50 off a low of 113.21, and the 200-day moving average is 112.06.
Wednesday, July 28, 2010
Gold Bull Market Long Way from Losing Both Arms and Legs / Commodities / Gold and Silver 2010
By: Adrian_Ash
WHATEVER FORCE you spy behind this week's swoon in gold prices to $1160 per ounce and lower, 'tis but a scratch – a flesh wound – so far.
"I've had worse!" as Monty Python's Black Knight says.
Wednesday, July 28, 2010
Gold Falling to 200 Day Moving Average in Major Currencies / Commodities / Gold and Silver 2010
By: GoldCore
Gold had recovered slightly today from yesterdays 2% sell off to 3 month lows before incurring slight losses in late European trading. Gold is now down nearly 10% from its recent nominal highs ($1,258/oz) and the continuing sell off is due to increased risk appetite due to the decline in banking sector and sovereign debt risk. Yesterday’s sell off was also technical nature as gold fell below the 100 day moving average and triggered large sell stop orders around the $1,176/oz level. This may have exacerbated the sell off and resulted in the sharp falls to the intraday price low of $1,156/oz.
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Wednesday, July 28, 2010
Gold Price Falls to 3 Month Low / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD held near 3-month lows against all the world's major currencies on Wednesday in London, recovering little of yesterday's 2.2% drop.
Soft commodities and base metals rallied from their sell-off, but silver prices held at a 3-session low almost 4% beneath Tuesday's start, while an early gain faded in European stock markets.
Wednesday, July 28, 2010
Gold Counting Down to Assault on $1300 / Commodities / Gold and Silver 2010
By: Bob_Kirtley
Sam Kirtley writes: We remain convinced that gold has yet to make its high for the year, and expect an assault on $1300 to begin in about a month from now.
Despite our bullishness, we are not convinced that buying more call options on gold is the right move for now, since we expect action to the upside to be fairly limited over the next few weeks.
Wednesday, July 28, 2010
Crude Oil Prices Below $80 On Sluggish Demand / Commodities / Crude Oil
By: LiveCharts
Oil prices are hovering just below $80 per barrel, at around $79 for September crude delivery in Tuesday’s (July 27) early New York Mercantile Exchange trade. Still moving in sync with equities in the big picture, the price of oil is limited by continued reports of sluggish crude demand levels in the US.
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Wednesday, July 28, 2010
Stock Market Trend Implications For Gold and Silver / Commodities / Gold and Silver 2010
By: Przemyslaw_Radomski
In our previous essay entitled Dollar's Never-Ending Plunge and Its Golden Consequence we have analyzed the current situation in the USD Index and its possible influence on the prices of gold, silver and mining stocks (generally we were bearish on gold). We have also provided our thoughts related to one of the questions that we've received from our Subscribers.
Tuesday, July 27, 2010
Gold Technicals / Commodities / Gold and Silver 2010
By: Guy_Lerner
This will be a comprehensive review of gold technicals utilizing the SPDR Gold Trust (symbol: GLD).
Figure 1 is a weekly chart of GLD with key pivot points. As we know, key pivot points are the most important areas of support (buying) and resistance (selling). With today's sell - off, GLD is below support levels at 115.07. Old support becomes new resistance. Support can be found at the 40 week moving average or more likely at the next levels of key pivot support at 108.5.
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Tuesday, July 27, 2010
Gold, Hoping for a Break / Commodities / Gold and Silver 2010
By: Toby_Connor
I want to discuss something that came up on the blog Friday. An anonymous poster hinted that we were going to see more gold weakness in the days ahead because big money had to sell their positions. Folks, big smart money traders don’t sell into weakness. These kinds of investors don’t think like the typical retail investor who is forever trying to avoid draw downs. Big money investors take positions based on fundamentals and then they continually buy dips until the fundamentals reverse. The fundamentals haven’t reversed for gold so I’m confident in saying that smart money isn’t selling its gold, it is using this dip to accumulate.Read full article... Read full article...
Tuesday, July 27, 2010
Gold and Dollar Dip, Silver Gains with Stocks and Commodities / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD slipped back below $1185 an ounce in London trade on Tuesday morning, holding above yesterday's 1-week closing low but remaining "directionless" according to one Chinese dealer.
"Investors are unclear about the immediate trend," agrees Pradeep Unni at Richcomm Global Services in Dubai, telling Reuters that "physical gold buying is only expected to emerge by the end of this month."
Tuesday, July 27, 2010
Gold Basis Screwed / Commodities / Gold and Silver 2010
By: Professor_Emeritus
Who needs a thermometer to know that the heat-wave is on?Fofoa has just published another thoughtful paper with the title: Red Alert: Gold Backwardation!!! http://fofoa.blogspot.com. It raises the question nobody has apparently raised before: "Is the dollar bidding for gold, or maybe gold is bidding for dollars?" And it gives an amazing answer: the gold basis has been screwed and it has been giving bogus signals for more than a year. We have likely had backwardation all this time but it has been stonewalled. There is no real gold market any more. Goldman Sucks is playing with itself. Most trades are bogus, sales as well as purchases. Leases ditto. What Goldman Sucks couldn't get away in a falling market, it can in a rising one.
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Tuesday, July 27, 2010
How Many Ounces of Gold Does it Take to Buy a House? / Commodities / Gold and Silver 2010
By: Jeff_Clark
Jeff Clark, Casey’s Gold & Resource Report Writes: I don’t have a crystal ball, but I’ll bet I can tell you how much a house will cost in five years.
UBS released some interesting research last month on how much gold it takes to buy the average-priced home in the U.S. I put the data to a chart, and it’s quite revealing.
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Tuesday, July 27, 2010
Good Potential in Junior Gold Miners / Commodities / Gold & Silver Stocks
By: The_Gold_Report
Could gold hit $1,500 by year-end? Ubika Research Cofounder and Analyst Vikas Ranjan thinks so. In this exclusive with The Gold Report, Vikas tells us he's pretty bullish on the yellow metal and lists a handful of gold plays he believes have strong potential for serious gains.
Monday, July 26, 2010
The Commitment of Traders (COT) Report and Gold Positions / Commodities / Gold and Silver 2010
By: Miles_Banner
Last week saw most commodity prices rally as investor sentiment reacted positively to economic conditions. The gold price didn’t really move much, but, under the surface, big things are still bubbling which could have big repercussions.
The Gold Bugs Index (HUI) is up 5.10% from the start of the year.
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Monday, July 26, 2010
Crude Oil and Natural Gas Trading Using Technical's or Fundamentals, Which is Better? / Commodities / Commodities Trading
By: EWI
If "fundamentals" drive trend changes in financial markets, then shouldn't the same factors have consistent effects on prices?
For example: Positive economic data should ignite a rally, while negative news should initiate decline. In the real world, though, this is hardly the case.
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Monday, July 26, 2010
Why Do U.S. Asset Managers Fear Government Gold Confiscation? / Commodities / Gold and Silver 2010
By: Julian_DW_Phillips
Mr Levine of HSBC in a recent gold conference pointed out that some top U.S. Asset Managers were fearful of the possibility of government confiscation of gold. He explained, that on being told that the bank's U.S. vaults had sufficient space available for their gold he was told that they did not want their gold stored in the U.S.A. but preferably in Europe because they feared that at some stage the U.S. Administration might follow the path set by Franklin D. Roosevelt in 1933 and confiscate all U.S. gold holdings as part of the country's strategy in dealing with the nation's economic problems.
Monday, July 26, 2010
Crude Oil Headed Unimaginably Higher! / Commodities / Crude Oil
By: Larry_Edelson
A very well-known and internationally respected forecasting firm believes the price of oil is headed “unimaginably higher” in the next few years. To somewhere north of $300 a barrel. I couldn’t agree more.
What will drive the price of oil so much higher, when most of the western world is either in a deep recession, or worse, a depression?
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Monday, July 26, 2010
Gold Supported by Physical Buying Amid Slow Summer Dealing / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD gave back an early rally on Monday morning to trade just below Friday's close of $1190 an ounce amid what one Hong Kong dealer called "a typically slow summer day."
"There is physical gold buying coming in as prices are below $1200," said a Seoul-based trader.
Sunday, July 25, 2010
Metals Investing in Burkina Faso, The Land of Upright People / Commodities / Metals & Mining
By: Richard_Mills
Burkina Faso is a landlocked country in West Africa. It is surrounded by six countries: Mali to the north, Niger to the east, Benin to the southeast, Togo and Ghana to the south, and Côte d'Ivoire to the southwest.
Sunday, July 25, 2010
The Golden Chalice and Gold’s Greatest Correction Since 1980 / Commodities / Gold and Silver 2010
By: David_Knox_Barker
Gold has been on a tear since the low in 1999 at $252.50 ($GOLD) per ounce, thrashing virtually every other asset class for over a decade as it soared to its $1265 high in June 2010. A solid case can certainly be made that as long as the dollar is being destroyed by loose fiscal and monetary policy that gold has a one-way ticket to higher prices. However, no market runs to the sky. There are always corrections, some major. Gold is now potentially facing its largest correction since 1980. Contemplating what happens when the golden chalice formation breaks is a worthy exercise. The Fibonacci golden ratio is the place to start.