Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Tuesday, October 13, 2009

Crude Oil BubbleOmics $75 Fair Price, Targets Rally to $90 / Commodities / Crude Oil

By: Andrew_Butter

A bubble is when prices go unnaturally high for a while and then they pop; what happens next is predictable (http://www.marketoracle.co.uk/Article12114.html). The recent dynamics of the oil price has followed a classic pattern:

Tuesday, October 13, 2009

Gold Price Action Emphasizes ‘Standard’ Status / Commodities / Gold & Silver 2009

By: Midas_Letter

It's fascinating how many economists and bankers argue against the re-establishment of gold as an official monetary standard. An analysis of its price performance over time relative to G7 currencies demonstrates that, as a barometer of national currency health, there is nothing more reliable.

Tuesday, October 13, 2009

ERA Carbon Trading Offsets a Green Opportunity / Commodities / Climate Change

By: Midas_Letter

The idea of trading carbon offsets as a mechanism for reducing greenhouse gas concentrations has been a hotly contested debate for several years now. But one certainty has emerged regardless of which side of the fence you sit on: carbon offsets as an emissions reduction strategy is here to stay. Embrace that concept, and you start to position yourself to capitalize on the opportunities emerging in the nascent sector.

Tuesday, October 13, 2009

Gold Hits 6th Record High in 5 Days / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD jumped yet again early Tuesday, hitting its fifth record high in six days at the London Gold Fix.

World stock markets held flat while the US Dollar slipped on the currency market.

Tuesday, October 13, 2009

Russia's Gazprom Selling Natural Gas to the United States / Commodities / Natural Gas

By: Pravda

Gazprom Marketing & Trading (GMT) USA, a member of Gazprom Group, announced the sale of natural gas in the United States on Friday, October 2. The Russian gas monopolist has already entered the US market of liquefied gas. Now it goes about the pipeline fuel.

Tuesday, October 13, 2009

Gold Hits Another Record High of $1,064 / Commodities / Gold & Silver 2009

By: GoldCore

Gold has surged to new record nominal highs above $1.064/oz in trading in Europe this morning. With the US Holiday yesterday gold traded in a $10 range on Monday. In euro and GBP terms, gold is trading at €719/oz and £675.86/oz respectively. Concerns regarding the dollar and rising oil prices seem to be the impetus for gold's new record highs today. While the large COMEX positions may suggest a correction is likely, it is important to note that open interest levels remain well below the record 593,953 contracts seen in mid January 2008 (the gold open interest on the COMEX rose 2326 contracts to 502,513 yesterday).

Tuesday, October 13, 2009

Collapsing Monetary Base Deflationary Threat to Gold / Commodities / Gold & Silver 2009

By: Ned_W_Schmidt

With $Gold now trading firmly above US$1,000, at least on a temporary basis, all are joyous that the Gold Bugs have won. The paper equity charlatans have been vanquished, at least for now. Those fanning emotions with stories about cabals, price suppression, and manipulation may now have to find some other drivel to pedal. GATA, the Gullible and Truly Amateurish, has now firmly been proven a purveyor of fantasy. Those that have opposed Gold and Silver ETFs can now, with knuckles dragging on the ground, return to the back of their caves

Monday, October 12, 2009

What Price for Gold, $2000 or $4000? / Commodities / Gold & Silver 2009

By: Michael_S_Rozeff

I recently received an e-mail asking about the price of gold. This person presented two gold-pricing models in the body of the e-mail along with an estimate of what price gold might command in the future in dollars.

Let’s examine the gist of what he wrote and provide an extended reply. He wrote

Monday, October 12, 2009

For Gold and Crude Oil Traders / Commodities / Gold & Silver 2009

By: Charles_Maley

Gold has broken out to all time highs this week trading as high as 1050 or so in the December contract. I wonder however, if this is the launching pad for the well touted $1500-$2000 per ounce.

Monday, October 12, 2009

Gold $1500?, Inept Mainstream Financial Press Blames "Greater Fool Theory" / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE DOLLAR-PRICE OF GOLD ticked higher Monday morning in London, rising back through $1050 an ounce as world stock markets jumped and the Euro also gained vs. the Dollar.

Government bonds pushed higher, as did crude oil, base metals and soft commodities.

Monday, October 12, 2009

Gold Rallies Despite U.S. Dollar Strength / Commodities / Gold & Silver 2009

By: GoldCore

Gold closed Friday night trading at $1,048/oz and is currently trading $7 higher at $1,055/oz. In Euro and GBP terms gold is trading at €716/oz and £669/oz and has also risen sharply in these currencies in recent days and the last month. Support for gold is currently seen at $1,040 and resistance at $1,062. The record weekly dollar close was bullish from a technical perspective but gold may need a correction and consolidation (in dollar terms) prior to challenging the next psychological level of $1,100/oz.

Monday, October 12, 2009

Sugar Bears Now Up Their Game / Commodities / Commodities Trading

By: Seven_Days_Ahead

Following our 17th Sep Update on Sugar the outlook has remained bearish, on the back of a Key Reversal Week. The signal has proved a good one, with the next bear leg looking to have gotten under way.

Monday, October 12, 2009

How High can Gold Go? / Commodities / Articles

By: Seven_Days_Ahead

The Technical Trader’s view:

Monday, October 12, 2009

Gold and GLD BLast Through Resistance, Precious Metal Stocks at Mercy of Stock Market Correction / Commodities / Gold & Silver 2009

By: Douglas_V._Gnazzo

Gold had a big week, rallying up $46.40 to close at a new all-time high of $1049.40 (continuous contract) for a gain of 4.63%.

On the daily chart below, GLD blasted up through overhead resistance from the Sept. high (blue horizontal line) and never looked back.

Monday, October 12, 2009

Dow Jones Commodity Index Fund Profit Trading Opportunity / Commodities / Commodities Trading

By: Chris_Vermeulen

Dow Jones Commodity Index Fund – This index tracks the entire commodity market as a whole. Over the past two years we have seen commodities drop in value substantially. The good news is that we could be seeing prices rise going forward from here.

Monday, October 12, 2009

Gold Breakout, Signals Bull Market That Will Run for Many Years / Commodities / Gold & Silver 2009

By: Howard_Katz

I am the Greatest! - To be completely honest, it is not me who is the greatest.  Of course, it is Mohammed Ali who is the greatest.  And I may not even be the greatest economist.  That honor has to be shared with those few gold bugs who foresaw the break above $1,000 and who kept their subscribers long gold and gold stocks.

Sunday, October 11, 2009

Pressure Builds on Gold as GDX Gold Miners ETF Ends Uptrend / Commodities / Gold & Silver 2009

By: Mike_Paulenoff

As of this moment the Market Vectors Gold Miners ETF (NYSE: GDX) is warning me that the upleg from the October 2 low at 42.28 to Thursday¹s new high at 49.52 ended ³something² on the upside. My sense is that more than just the most recent upleg likely ended, which means that the upleg off of the July pivot low at 34.05 also ended at 49.52 on Thursday.

Sunday, October 11, 2009

Jim Rogers Claims 20 Year Commodities Boom to Replace Financial Crash / Commodities / Investing 2009

By: Andrew_McKillop

In a Yang-Yin world where only two paradigms, models or states are possible - obviously not the real world - commodity boom should replace financial crash, like day follows night.

To some, including Jim Rogers, this is already in the works. Speaking from Singapore in interview with the UK Daily Telegraph on 8 October, he forecast a commodities boom able to last 20 years. He said: "Commodities are the best place to be, if you ask me, based on supply and demand". He also believes crude oil will run out in 15 or 20 years "unless something happens", despite quite large recent discoveries and slow growing demand.

Sunday, October 11, 2009

Gold Mega Bullish Technicals, Wow! / Commodities / Gold & Silver 2009

By: Adam_Brochert

If you're not into technical analysis, you're not into it. I understand. Drawing squiggles on a chart seems like reading tea leaves to many. I get it. I personally believe that it increases your odds of success if you have the fundamentals right. In other words, technical analysis in isolation is not attractive to me, but laid over a solid foundation of fundamental analysis makes sense to me.

Sunday, October 11, 2009

Silver Outperforming Gold 2-1 / Commodities / Gold & Silver 2009

By: Merv_Burak

It was gang-busters for the precious metal stocks.  Gold rose almost 5% while silver almost doubled that performance.  We are into new high territory and the analyst predictions are now all over the place.  Predictions are good, performance is even better.  Stay tuned.

GOLD LONG TERM

Let’s do a little catch-up summary of where we are from the long or very long term point of view.  First, the P&F charts.