Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Monday, February 01, 2010

American Grain Harvest Impact on Agri-Food Prices / Commodities / Agricultural Commodities

By: Ned_W_Schmidt

The North American Agri-Food harvest is either complete, or almost complete. We say that as much of the corn crop remains still in the field due to being wet, frozen, or covered with snow and ice. For all the best efforts of those involved in the Global Warming Scam, the winter of 2009-10 has been far more powerful than their now clearly questionable documentation would have suggested. Despite the weather, the North American 2009 harvest appears to have been good, with both corn and soybeans seeming bountiful.

Monday, February 01, 2010

Gold and Silver the Next Rolling Bubble / Commodities / Gold and Silver 2010

By: Captain_Hook

A point I wanted to make clear with respect to our discussion the other day is hyperinflation must be justified in the minds of the doers, having the political will of the people behind them. This is why we will need another round of financial crisis for public consumption, and we know from comments made earlier in the week the set-up is for a possible black swan event in summer, with stocks topping out no later than spring.

Monday, February 01, 2010

Gold Bounces as Speculative Excess Pulls Back / Commodities / Gold and Silver 2010

By: Adrian_Ash

THE PRICE OF GOLD jumped into the start of New York dealing on Monday, rising 1.3% from last week's 3-month low as world stock markets struggled to hold flat.

Crude oil ticked back above $74 per barrel, while European government bonds were unchanged but US Treasuries fell ahead of President Barack Obama's 2010 budget announcement.

Monday, February 01, 2010

Gold Trend Remains Firmly Down Despite Dollar Rally Confronted by Massive US Budget Deficit / Commodities / Gold and Silver 2010

By: GoldCore

Gold fell slightly on Friday to result in slight fall for the week and a slight fall for the month of January - gold was down 1.1% in January. Gold started the first week of February at $1,081/oz and rose to $1,084/oz in Asian trading. Gold is currently trading at $1,081.60/oz and in euro and GBP terms, gold is trading at €780/oz and £681/oz respectively.

Monday, February 01, 2010

Gold Bugs Short-term Pain But Long-term Gains / Commodities / Gold and Silver 2010

By: Howard_Katz

In the short term, gold bugs are in pain.  The last 3 weeks have seen a pull back to the Dec. 22 low of $1,075 and have created a lot of short term anxiety.  We have two possibilities.  Either gold will continue down to the $1,000 support level, or it has already made its turn, will leave a gap above $1,000 and then break out above $1,229, April contract (the Dec. 3 high).

Monday, February 01, 2010

Nymex Gold Futures and Options Trading / Commodities / Gold and Silver 2010

By: Patrice_V_Johnson

The J.E.D.I. Way will received a fill of $4.70 on its purchase order of the following put option on Nymex Gold on Monday, January 25, 2010:

(1) 1 - Nymex Gold April 2010 950 Put Option (Ticker Symbol: GCJ1950P)

Sunday, January 31, 2010

Gold and Silver Melting Down or Bottoming / Commodities / Gold and Silver 2010

By: Chris_Vermeulen

The past two months have been tough on the precious metals sector. We saw precious metals lead the market higher all of last year until December 2009 when prices plummeted as the US Dollar started to bounce. The continued rise in stocks indicated an extreme overbought condition and alerted us that a sharp pullback was going to take place.

Sunday, January 31, 2010

Gold, Commodity and Stock Markets Are at a Critical Juncture / Commodities / Gold and Silver 2010

By: Clive_Maund

In this Gold Market update we are going to "cast our net wide" and consider the outlook not just for gold and PM stocks but also the dollar, other commodities and the the broad US stockmarket. The reason for this is that COMMODITY AND STOCKMARKETS ARE AT A CRITICAL JUNCTURE AND MUST REVERSE TO THE UPSIDE IMMEDIATELY to avert the risk of a catastrophic decline, similar to 2008 or even worse. The severe deterioration last week, which included a sharp breakdown by copper and PM stock indices starting to break down, and also the erosion of critical support in commodity and stockmarkets generally, has greatly increased downside risk. Should these markets accelerate into freefall, it will mean that the specter of deflation has come back to haunt the markets.

Sunday, January 31, 2010

Silver Short-term Oversold Amidst Rapidly Worsening Broader Picture / Commodities / Gold and Silver 2010

By: Clive_Maund

After rising up to the return line of a high channel, silver broke lower and then plunged precipitously back to support near its 200-day moving average. We saw this coming and sidestepped it a day before the decline started in earnest, although the rise predicted to follow this reaction now looks way too optimistic given the severe deterioration that has set in across most markets, including in particular the copper and PM stock index breakdowns, which is increasing the risk of another deflationary rout.

Sunday, January 31, 2010

Bernanke on the rise of GOLD / Commodities / Gold and Silver 2010

By: Vishal_Damor

Bernanke was asked specifically whether the rise of GOLD should get him worried about the dollar reserve status. He doesnt seem to be too worried. But then he was not worried when the sub prime crisis was blowing off into his face in 2008.

Sunday, January 31, 2010

Gold Sitting on Top of Major Support Level / Commodities / Gold and Silver 2010

By: Merv_Burak

The week has seen no major moves in gold, either way.  However, the price is sitting right on top of a support area and a move either way would be telling.  We can have all sorts of fun with charts one view is a move to $1140 could project to $1600, a number very much in vogue.

Sunday, January 31, 2010

Gold the Only Best Bull Market in Town / Commodities / Gold and Silver 2010

By: Douglas_V._Gnazzo

Gold is trying to carve out a bottom, as it fell 11.20 for the week, closing at $1081.50 (-1.02%). Downside momentum has lessened from last week’s 3% decline.

The big question now is: where is gold going to from here? No one knows for sure, but let’s take a look at where it is, and where it has come from, in order to determine the most probable scenario going forward.

Sunday, January 31, 2010

Gold’s Ugly Price Chart Across Multiple Currencies / Commodities / Gold and Silver 2010

By: Graham_Summers

Most commentators living in the states have made a big ado about Gold breaking to a new all-time nominal high back in the fall of 2009. I didn’t buy into the mania and wrote an article titled Three Reasons Gold Might be Making a Head Fake that was published on November 10, 1009.

Sunday, January 31, 2010

Gold Stock Bugs Screaming Buy Have Lost Money Over the Past Four Years / Commodities / Gold & Silver Stocks

By: Ronald_Rosen

The gold community for a number of years has been screaming, “Buy, buy, and buy now before it’s too late!” Advertisements to “Buy gold…..” are all over television seven days a week, fifty-two weeks a year. Gold bugs claim that the gold shares will far outperform the metal. Well, if you want to know what distribution over an almost four year period looks like study this chart of the HUI. It will take you less than a moment to recognize the fact that if you owned the shares in the HUI for the past four years you now have a loss. Unfortunately this loss takes place at a moment in time when the HUI has once again made an important top and is prepared to move down with a vengeance.

Saturday, January 30, 2010

George Soros Jumps Into the Great Gold Bubble Debate with Rogers and Faber / Commodities / Gold and Silver 2010

By: LewRockwell

Billionaire financier George Soros is the latest to enter the gold bubble debate, warning that with interest rates low around the world, policymakers are risking generating new bubbles which could cause crashes in the future.

Speaking Thursday to The Daily Telegraph, on the fringe of the World Economic Forum, Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment".

Saturday, January 30, 2010

Crude Oil Slips Below $73 a Barrel / Commodities / Crude Oil

By: OilPrice_Com

Crude oil futures slipped below $73 a barrel for West Texas Intermediate late Friday as a temporary boost from strong GDP figures failed to last and let prices sink to a one-month low.

Earlier in the week, China, weak refinery demand and slumping tech stocks all conspired to keep energy prices low, with prices oscillating around $73 a barrel.

Saturday, January 30, 2010

What’s a Company's Gold Worth? / Commodities / Gold and Silver 2010

By: Casey_Research

Louis James & Andrey Dashkov, Casey’s International Speculator

At any given time, there's a single international spot price for an ounce of refined gold. Gold is priced in U.S. dollars: $1,076.50 per ounce as we go to press. But what about the gold an exploration or mining company has in the ground – how do we value that?

Friday, January 29, 2010

Gold Will Continue to Glitter in 2010 Despite Market Turbulence / Commodities / Gold and Silver 2010

By: The_Gold_Report

Equities and Economics Report writer Victor Gonçalves, in this exclusive interview with The Gold Report, says the yellow metal will generally see more strength than weakness this year, hovering around $1,500. He's enthusiastic about some undervalued juniors and the prospects for rare earths, saying "a lot of projects are looking very economic and attractive."

The Gold Report: Victor, when we last spoke in October you predicted gold would see more strength through the end of the year and we'd see another market rally before a correction. Gold has indeed strengthened and we saw a market rally, but not a correction yet. Does it mean we are due for a correction and, if so, in what time frame and by how much?

Friday, January 29, 2010

Gold's Inflation Bogey, Part II / Commodities / Gold and Silver 2010

By: Adrian_Ash

It isn't rocket surgery. Gold appeals – and thus rises – when the better alternatives don't...

DURING THE 1980s and '90s...when US consumer prices rose at what would have been record rates if it hadn't been for the '70s...the price of gold fell by three-quarters.

Friday, January 29, 2010

Stronger U.S. Dollar Means Weaker Gold / Commodities / Gold and Silver 2010

By: Mike_Paulenoff

The Dollar Index (DXY) continues strengthen (79.41 last), which is making life difficult for gold and the SPDR Gold Shares (NYSE: GLD). With the DXY making new recovery highs, its inverse relationship with gold remain remains very much intact, as the GLD presses marginally below its Dec 22 at 105.31. My near and intermediate-term technical work in the DXY argues for higher prices to 80.00 next and thereafter to 82.00, which if accurate implies lower gold prices that projects the GLD to the 100.00-99.00 next target zone.