Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, December 08, 2009
Reasons Why Commodities Prices Will Continue to Soar In 2010 / Commodities / Commodities Trading
Martin Hutchinson writes: In a Money Morning column last December, I predicted that “commodities may be due for a recovery in 2009.” It’s always nice to be right, but I have to say the move in some commodities has surprised me. Just look at the performance figures for the 12-month period that ended in mid-November.
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Tuesday, December 08, 2009
Gold to be Supported by Investment, Central Bank and Chinese New Year Demand / Commodities / Gold & Silver 2009
Gold recovered some of yesterday's pullback and went as high as $1,164 overnight. Gold is currently trading at $1,162/oz and in euro and GBP terms, gold is trading at €783/oz and £710/oz respectively.
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Tuesday, December 08, 2009
Can You Lose Money By Owning Gold? / Commodities / Gold & Silver 2009
Can You Lose Money By owning Gold? So many gold bugs think this is absolutely impossible. However as a commodity trading advisor… I believe anything can happen and stick to a thought out plan. Let me give you an example, In the 1980s gold reached $1223 and investors were throwing money at gold. However almost 30 years have gone by and nada..I mean even in a savings account someone would have out performed gold. Do you prefer sleeping at night with your gold…are you sure the world will end? Should you blindly follow the hedge fund biggies…like John Paulson,Paul Tudor Jones and David Einhorn?
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Monday, December 07, 2009
Gold in High Risk Period, Could Test Support at $970 / Commodities / Gold & Silver 2009
Chairman Bernanke is in the process of being reconfirmed in his role as Chairman of the Federal Reserve. While some criticism of the Federal Reserve was forthcoming at the Senate hearings, why were not true alternative candidates considered? Henny Penny, for one, comes to mind. One of the Three Blind Mice would also seem to be a good candidate. How about an ostrich that each time an asset price bubble seems possible, it puts its head in the sand?
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Monday, December 07, 2009
New Catalysts for Gold’s Next Big Move / Commodities / Gold & Silver 2009
Gold took a big hit today. As I write, gold is down $51 per ounce.
Wall Street’s momentum-chasing traders, whose new found affinity for the yellow metal helped push gold up 20 of the last 25 trading sessions, are scrambling for the exits today as the monthly jobs report turned out much better than expected.
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Monday, December 07, 2009
Gold Hits 2 Week Low On Temporary U.S. Dollar Rally / Commodities / Gold & Silver 2009
THE PRICE OF GOLD fell sharply at the start of London dealing on Monday, extending its drop from Thursday's new record highs to 7.4% as the US Dollar rose and European stock markets fell.
Recording its lowest Gold Fix in London since Nov. 20th at $1147.50 an ounce, the price of gold also hit a two-week low vs. Euros and Sterling.
Monday, December 07, 2009
Gold Heads for 10% Correction to $1,100 Level / Commodities / Gold & Silver 2009
As expected, gold has continued its pullback of Friday overnight and this morning. Gold is currently trading at $1,139.40/oz and in euro and GBP terms, ir is trading at €772/oz and £697/oz respectively.Read full article... Read full article...
Monday, December 07, 2009
Gold Black Friday $80 Plunge Truth / Commodities / Gold & Silver 2009
Well people, it was a bad day on Friday. Barchart reported that the Dec. gold contract went from 1227 at its Thursday high to 1147 at its Friday low – an eighty point difference in a single day.
And yet there be rumors floating through the dark alleys of the Comex that a certain advisory letter sent out a special bulletin interday on Dec. 2, with Dec. gold at 1208,advising its clients to sell their gold stocks.
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Monday, December 07, 2009
Gold GLD and Silver SLV ETFs Forecast Updates / Commodities / Gold & Silver 2009
The last time I wrote about GLD and SLV, November 21, I said this about GLD
It may be a bit extended for new positions as it is quite a bit of distance from all of its MAs. If the current count is correct, GLD may be near the end of its Intermediate wave 3, or that wave may be extending
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Sunday, December 06, 2009
Dubai Derivatives Financial Nuclear Blast Shockwave to Hit / Commodities / Financial Markets 2009
We got the heavy reaction in gold that we had been expecting for some days on Friday. The problem is that we also got a big important breakout in the dollar, which we had acknowledged as a significant possibility for some time. This is not good news for commodities and not good news for the stockmarket either as it signifies the onset of a flight to cash such as we witnessed last year
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Sunday, December 06, 2009
Crude Oil Consolidating Before the Next Big Move Higher / Commodities / Crude Oil
As I recently pointed out on my blog (“The Dollar and Oil”), oil and oil stocks in particular are underperforming the market rally. We have seen inventory builds in the U.S., including a big build this week, but there are many other forces that should be bullish for oil prices, even in the short-term. Here are just some recent examples …
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Sunday, December 06, 2009
Colombian Crude Oil, the Next Big Thing? / Commodities / Oil Companies
The Colombian government has:
- Lifted restrictions on foreigners operating in the oil and gas industries
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Sunday, December 06, 2009
How Deep will the Gold Correction Be? / Commodities / Gold & Silver 2009
Four waves are the clue to the answer.
“The primary guideline is that corrections, especially when they themselves are fourth waves, tend to register their maximum retracement within the span of travel of the previous fourth wave of one lesser degree, most commonly near the level of its terminus.” E. W. P.
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Sunday, December 06, 2009
Judgment Day for Global Financial Economy / Commodities / Gold & Silver 2009
Barrick Gold says the world gold supply has run out.
Wow! Isn’t that what some have been predicting for the past 10 years? The president of the largest gold company in the world, Barrick Gold, has just recently announced that gold production peaked in the year 2,000.
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Saturday, December 05, 2009
Gold Blow Off Rally in for Rough Sailing Ahead / Commodities / Gold & Silver 2009
That “blow-off” line shown last week has been breached this Friday and I’m afraid we’re in for some rough sailing ahead, at least for a little while. It will take some time for the indicators to suggest what’s happening but let’s go right to them and see what they are saying at this time.
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Friday, December 04, 2009
Peter Grandich Says its Silver's Turn to Shine / Commodities / Gold & Silver 2009
Not that there's a link between the two, but as the legendary Peter Grandich celebrates his silver anniversary as a market commentator, he tells The Gold Report in this exclusive interview that having been left behind in the big run-up in gold, silver's time has come to steal the limelight for a while. Peter, who started publishing The Grandich Letter 25 years ago and this month celebrates his first anniversary as Agoracom's market analyst too, also considers the current stock market rally as a gift delivered in the eye of the storm. Longer term, he expects America's underlying economic problems to result in prolonged sagging trading performance such as Japan has experienced over the past 20 years. Accordingly, he's alerting investors "to remove their bullish hats if they're still wearing them." As Peter's motto goes, "It's better to be a live chicken versus a dead duck."
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Friday, December 04, 2009
Agriculture Commodities Sweet Future / Commodities / Agricultural Commodities
In December 2008, I discussed the rebound in world food stocks. Excellent weather in the second half of the 2008 growing season led to near-record yields. The fall saw a bountiful harvest, especially in grains. At the same time, the global economic slump had crushed crude oil futures, dampening the associated biofuel demand. Most agricultural commodities, including the grains, fell sharply in price.
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Friday, December 04, 2009
The Future of America’s Natural Gas / Commodities / Natural Gas
Marc Bustin Ph.D., F RSC, is the senior researcher for unconventional oil and gas for Casey Research. Considered to be one of the top authorities in the world, Marc is the go-to expert for multinational oil and gas conglomerates, and is brought in to help evaluate finds around the world. Marc has reviewed more projects on his own than some exploration teams put together.
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Friday, December 04, 2009
Have Gold and Silver Topped?, Precious Metals Stocks Provide Important Clues / Commodities / Gold & Silver 2009
The precious metals market is declining just as I mentioned in the previous essay, but before I proceed with providing you with my thoughts on the current situation, I would like to put this analysis into proper perspective.
I’m in London this week and the city is vibrant. Rubbing elbows in Piccadilly Circus with the crowds rushing to catch the latest West End show, you hardly feel that there is a global economic crisis. Londoners seemed to have shrugged off the Dubai crises, as did the rest of the world. They seem to be happily unaware, or else they are ignoring, the fact that Britain’s government debt is on the rise and is expected to be more than 80 percent of the nation’s economic output next year.
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Friday, December 04, 2009
Keeping an Eye on Silver's Pivot Low / Commodities / Gold & Silver 2009
Although the dollar is strong and the precious metals and iShares Silver Trust ETF (NYSE: SLV) are under pressure today, my work has been telling me to expect a correction in the complex coming into today, regardless of the reaction of the financial markets to the Jobless data. For me, from a technical perspective, the only thing that matters right here is last Friday’s pivot Dubai low at 17.49 in the SLV.
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