Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, November 30, 2009
Gold Miners Making More Money? / Commodities / Gold & Silver Stocks
Mining is a tough business and profits are rarely easy to come by. I learned the concept of the "real" price of Gold from Bob Hoye at Institutional Advisors. This concept ignores the nominal price of Gold (i.e. ignores the currency effect, which is difficult for paperbugs but easy for long term Gold bulls) and focuses on the price of Gold relative to the price of other commodities as a ratio. Mr. Hoye has his own proprietary index, but as we all stand on the shoulders of giants before us, I use my own proxy of this ratio by dividing the Gold price by other commodities indices (I typically use the Continuous Commodities Index [$CCI]).
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Monday, November 30, 2009
Iran’s Nuclear Ambitions Highlight Kazakhstan’s Uranium Potential / Commodities / Uranium
One bonus of the global recession is that it wiped a lot of incompetent hedge fund managers and energy speculators from the canyons of Wall Street. As the Gordon Gecko sycophants regroup and look for the next Big Thing, maximizing profit while minimizing risk, the landscape looks very different than it did a year ago. In such a climate, it is uranium, not oil and natural gas that would seem to have the brightest future for one simple, overriding capitalist principle – supply and demand.Read full article... Read full article...
Monday, November 30, 2009
China Sees Buying Opportunity in Gold and Crude Oil Drop / Commodities / Gold & Silver 2009
THE PRICE OF GOLD traded in a wide 1.5% range early Monday in London, bouncing fast from a dip to $1165 as world stock markets reversed last week's gains and crude oil slipped below $76 per barrel.
The "safe haven" US Dollar rose on the forex market, alongside the Japanese Yen.
Monday, November 30, 2009
Gold Volatility to Rise as Next Phase of Global Credit Crisis Unfolds / Commodities / Gold & Silver 2009
Gold touched $1,179/oz overnight but has since dropped slightly. Gold is currently trading at $1,171/oz and in euro and sterling terms, gold is trading at €778/oz and £709/oz respectively.Read full article... Read full article...
Monday, November 30, 2009
The Speculator / Commodities / Commodities Trading
My first financial newsletter was called “The Speculator.” My dictionary defines speculate as:
- “to engage in thought or reflection;”
- “to buy and sell commodities, stocks, etc. in the expectation of a profit through a change in their market value.”
- from Latin, speculatus, observed, examined:
Monday, November 30, 2009
Silver Plods Along Whilst Gold Soars, Bearish Wedge Pattern? / Commodities / Gold & Silver 2009
While gold has soared in recent weeks silver has put in a plodding performance unable, thus far at least, to break above the zone of major resistance and the return line of the uptrend channel in force from late last year shown on our 2-year chart. Of course, if gold marshalls itself soon and resumes its advance then we can expect silver to overcome these restraining influences.
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Monday, November 30, 2009
Overbought Gold Runs into Dubai Debt Crisis Turbulence / Commodities / Gold & Silver 2009
Last week gold continued to rise to become super-extremely overbought as measured by short-term oscillators and then ran into heavy turbulence late in the week as the Dubai debt problems surfaced. The purpose of this update is to try to figure whether the action last week marks the start of a significant corrective phase.
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Sunday, November 29, 2009
CO2 In The Cuckoo's Nest / Commodities / Climate Change
ITS A GAS
Climategate has come and gone, like Dubai World, with only ripples in the agonizing V-shaped, W-shaped or X-shaped recession and recovery sequence. Recession and recovery of hopes and fears that COP15 will be a success or failure have also rippled.
Sunday, November 29, 2009
Reasons Why Gold Is Going to $1,300 an Ounce / Commodities / Gold & Silver 2009
The gold bears got tossed a bone last week, when the World Gold Council reported that total gold demand dropped 34% in the third quarter from a year earlier. To be sure, total identifiable gold demand was up 15% from the abysmal second quarter, but the bears seized on the news as a sign that gold has one foot on the Slip ‘n’ Slide of Doom.
Yeah, sure. That’s why gold prices just hit a new high.
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Sunday, November 29, 2009
Gold Rebounds After Friday's Plunge, Where Next? / Commodities / Gold & Silver 2009
It looked like a rough time on Friday but gold rebounded and in the end it wasn’t all that bad. Where does that leave us now?
GOLD LONG TERM
Although the week was a good one, even with a day’s holiday, the long term momentum indicator continues to give some concern. As mentioned last week, concern is one thing but what’s happening is another. Although there is concern for the loss of strength shown by the momentum indicator the direction of action continues to be upward. For now everything still looks good but we should not forget the warning from the diminishing momentum.
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Saturday, November 28, 2009
Gold Price Forecast to Rise to $2,960 / Commodities / Gold & Silver 2009
Manipulation and money that's been on the sidelines are driving the market, according to TraderTracks editor Roger Wiegand in this exclusive interview with The Gold Report. He see the makings of some "pretty exciting" action in precious metals front, forecasting that gold could go beyond $2,960, and with the next big drop in the stock market, the gold and silver shares could really depart from the rest of the mainstream market, especially with the dollar being so weak. He likes companies that have good projects and strong partners, and cash in the bank.
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Friday, November 27, 2009
Has the Gold and SIlver Parabolic Rally Come to an End? / Commodities / Gold & Silver 2009
Gold has been moving parabolically in the past few months, but is this the final run up? I seriously doubt it, because the levels that I expect gold and silver to achieve (mentioned in the previous Premium Update) at the end of this bull market are still very far from where we are today.
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Friday, November 27, 2009
How High Can the Gold Price Rise in the Short-Term? / Commodities / Gold & Silver 2009
It took a few days for the market to understand the impact of the Indian Reserve Bank's purchase of 200 tonnes of the I.M.F.'s gold sale of 403.3 tonnes, but eventually the market did respond. Since then, one of several announcements has been made, concerning the balance of 200.3 tonnes still being sold.
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Friday, November 27, 2009
Gold Buyer's Important Secure Investment Checklist / Commodities / Gold & Silver 2009
A nine-point checklist for secure gold investment...
LOOKING TO buy gold today? Here's a nine-point check-list for secure gold investment presented to this week's Investor's Chronicle Gold Conference, hosted at the London Stock Exchange...
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Friday, November 27, 2009
Contaminated Mining Environments: It's Better to be Green / Commodities / Metals & Mining
Waste Rock and Tailings - When a mining company wants to dig up specific minerals, it has to remove rock from the earth to do so. Any rock removed that does not contain economic amounts of the wanted mineral is called waste rock. Mining companies put this waste rock in piles called “dumps.”
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Friday, November 27, 2009
Gold Stocks and GLD ETF Popularity / Commodities / Gold & Silver Stocks
Gold’s amazing run since September has mainstream analysts, who are normally gold-haters, lauding its virtues. All of a sudden gold is now an integral asset that all investors should own. Why this quick shift of opinion? Big developments on the fundamental front (that did not come as surprises to informed investors like our newsletter subscribers), coupled with a run of 22 new all-time nominal highs, can change one’s mindset rather quickly.
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Friday, November 27, 2009
Why Gold Price Can Still Go Down / Commodities / Gold & Silver 2009
The city-state of Dubai announced yesterday that they would not be able to pay the interest on their debt. Dubai, you may remember, saw explosive growth in real estate from 2001 to 2007, but when Real Estate Bubble Wave 1 popped, thousands of investors and residents fled the Middle East state amid collapsing housing and commercial real estate prices.
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Friday, November 27, 2009
Gold Bounces From 5% Plunge / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL gold sank in late Asian dealing on Friday, losing 4.7% from Thursday morning's new all-time highs but quickly recovering one-third of that loss as London trading began.
"We would buy this dip," wrote Walter de Wet at Standard Bank as gold rose back through $1150.
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Friday, November 27, 2009
Gold Corrects Following Dubai Debt Default Causes Contagion Concerns / Commodities / Gold & Silver 2009
Gold reached new record highs at $1,195/oz yesterday but has experienced the much anticipated correction overnight. Gold is currently trading at $1,157/oz and in Euro and GBP terms, gold is trading at €777/oz and £706/oz respectively. Gold is down some 3% and the correction is likely due to a combination of factors.Read full article... Read full article...
Friday, November 27, 2009
EUA, Carbon Emissions, Favour Short Term Bears / Commodities / Commodities Trading
Price swings over the last few months have kept the charts in consolidation mode, below a long term key Fibo resistance level. Recent losses have temporarily tilted the scales more in favour of the bears, but losses should prove temporary in the grander scheme of things.
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