Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, November 18, 2009
Is Record High Gold Cheap? / Commodities / Gold & Silver 2009
THE PRICE OF GOLD leapt in the professional market to yet another all-time Dollar high early in London on Wednesday, coming within 50¢ of $1150 an ounce as global stocks held flat on the MSCI World Index.
Crude oil ticked back up towards $80 per barrel, while long-dated government bonds crept lower, pushing the yield offered to new buyers marginally higher.
Wednesday, November 18, 2009
Most of Investing Public Missing Out on Gold Bull Market / Commodities / Gold & Silver 2009
Gold reached a new record nominal high again this morning at $1,148/oz and is currently trading at $1,146/oz. In EUR and GBP terms gold has risen to €767/oz and £680/oz respectively.
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Tuesday, November 17, 2009
U.S. Dollar on Death Row Means Boom Time for Gold Stocks / Commodities / Gold & Silver Stocks
In this exclusive interview with The Gold Report, Louis James, Senior Editor of Doug Casey's International Speculator, reiterates his conviction that the dollar is on death row with no one prepared to grant a stay of execution. Dismal as it is, this situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects—Louis' "best of the best" —waiting in the wings for the market's next big leg down that he's been forecasting.
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Tuesday, November 17, 2009
USA Today, China Pushes Solar, Wind Development / Commodities / Renewable Energy
Just something to keep your eye on as your politicians promise you that the US will be the world leader in green tech jobs. In fact they will have to layer countless more debt on your children and grandchildren for temporary "green jobs" jobs, to make this mirage come true - for a while. Most likely this promise will come next spring as the next massive stimulus is pumped to the masses to create "green jobs" retrofitting buildings and such.
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Tuesday, November 17, 2009
Silver Cycles, Silver-to-Gold Ratio, and the USD Index Analysis / Commodities / Gold & Silver 2009
In the last several days I received many letters in which Readers commentend on my analysis of the seasonality on the silver market (thank you), so I decided to provide you with more detailed analysis of silver in the following essay.
I will begin with a reply to the letter from a Subscriber, who mentions that „the 30 year seasonal charts for silver show Nov to be a higher drop, but the 15 year seasonal chart shows the trend to have changed“. The question is which seasonal tendencies one should rely on. As always, it is useful to put things into proper context before making any calls.
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Tuesday, November 17, 2009
Gold Holding Firm Despite Climbing U.S. Dollar For Now / Commodities / Gold & Silver 2009
The cash Dollar Index (DXY) is climbing meaningfully today, but so far gold and silver do not really care. Spot gold is down a sparse $2-$3 and the SPDR Gold Shares (NYSE: GLD) flat, ignoring the climb in the DXY for now.
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Tuesday, November 17, 2009
Marc Faber Clarifies Gold Outlook / Commodities / Gold & Silver 2009
Over the last week there have been a several different reports regarding Dr. Marc Faber’s comments about his short- and long-term outlook for gold.
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Tuesday, November 17, 2009
Gold Targets $1,200/oz by Year End on Central Bank Diversification? / Commodities / Gold & Silver 2009
Gold touched an all time high again yesterday at $1,141/oz, closing 2% higher on last Friday's close. Gold is currently trading at $1,132/oz and is higher again in euro and GBP terms - trading at €761/oz and £673/oz respectively.
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Tuesday, November 17, 2009
Jim Rogers Says Buy Gold Bullion Not Mining Stocks / Commodities / Gold & Silver 2009
Alix Steel writes: Jim Rogers, renowned global commodities investor and author, says gold prices will hit $2,000 (U.S.) in a decade.
Gold prices have risen 20 per cent in the past year, recently testing a new high of $1,133.50. With strong speculative fund buying, a weakening U.S. dollar and inflation fears, investing in gold is a popular trend as the precious metal becomes an alternative asset class.
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Tuesday, November 17, 2009
Gold Hard Money Wins Out! / Commodities / Gold & Silver 2009
They called it “a relic of the past.” They described its last major bull market surge as an “anomaly.” They said it was a dinosaur of an investment, never to return to the arena of modern finance.
Even The Wall Street Journal recently said it’s an investment that pays no interest or dividends and implied that owning it was as good as having a lump of coal in your backyard.
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Tuesday, November 17, 2009
Gold On the Fast Track Toward $1,200? / Commodities / Gold & Silver 2009
Well, the long-expected retest and subsequent breakout of ‘$1,000 Gold’ has finally occurred, with the rally taking the cash price of the metal to the north side of the $1,100 per ounce level in relatively short order. The big question now, of course, is this – does Gold have enough investor interest behind it to push it to the next significant price level, $1,200? Let’s examine a long-term chart for cash Gold to see if we can find out if Gold can reach that price target before correcting again.
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Tuesday, November 17, 2009
Gold $5000 By End 2010 on Monetary Debauchment / Commodities / Gold & Silver 2009
THE PRICE OF GOLD retreated from its seventh new record high in 11 sessions early Tuesday, dipping 1.3% from Monday's late top as world stock markets also fell for only the fourth time in November so far.
Crude oil fell and the US Dollar bounced on the forex market after Federal Reserve chairman Ben Bernanke spoke of a "Strong Dollar" in his annual speech to the Economics Club of New York.
Tuesday, November 17, 2009
Silver About to Explode Higher? / Commodities / Gold & Silver 2009
Most Gold bulls are silver bulls. The 1970s is the reason why and because inflation that occurs when a secular commodity bull cycle is in effect tends to flow into both precious metals. I have been less than wildly bullish on silver lately.
I own some physical silver but hold much more Gold. My concern is simple. In past deflationary cycles, Gold has done well but silver not as well. Since I favor deflation over inflation for this cycle, I heavily weighted myself towards Gold and only hold a little silver. I even made the stupid mistake of shorting silver a few months ago and had my a$$ handed to me.
Tuesday, November 17, 2009
U.S. Dollar Trend to Determine Next Trend for Gold, Stocks and Other Markets / Commodities / Gold & Silver 2009
The dollar was down 0.69% for the week, closing at 75.23. Below is the daily UUP chart, which shows the dollar attempting to carve out a short term bottom. It remains to be seen if it can muster the needed resolve.
The dollar has been falling relentlessly since March. Its first resistance area is at 23. If the dollar can break and hold above 23 then the other Fib retracement levels may come into play. Short term rates will be the key to the dollar's direction.
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Monday, November 16, 2009
Extremely Low Global Food Storage Balances to Drive Agri-Food's Bull Market / Commodities / Agricultural Commodities
Bounty is the child of shortage. The grandchild of bounty is also called bounty, and begets again shortage. When those generations are born with fanfare, the world is made well aware of the situation. However, creeping shortages go unnoticed. The latter are also more serious as they reflect structural changes emerging in supply-demand. Globally, Agri-Foods may be giving birth to an era more akin to shortage than bounty.
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Monday, November 16, 2009
Gold Price Going Parabolic / Commodities / Gold & Silver 2009
Gold is in the headlines right now because of India’s announcement to buy half the announced IMF sale, and possibly more. But this is not why gold advanced so strongly yesterday. It blew past previous highs because we are in a significant cycle down time for equities right now, and the perception is if stocks are not to follow the natural path in this regard, authorities will need to hyperinflate. Conveniently then, the dollar has reversed lower because of this, which is supporting equities and altering the crash signatures in the trade.
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Monday, November 16, 2009
Market Trends for Gold, Crude Oil, and the U.S. Dollar / Commodities / Financial Markets 2009
In this world we are faced with an ever changing landscape. Nowhere is it truer as soon as you learn the game, the rules are changed. For instance, we are told that gold is signaling an inflationary future coming for the USA, yet its long term interest rates are below the 4% level and short term rates are basically zero. How can this be? Who would lend money to a nation whose currency depreciates and pays almost no return on its debt?
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Monday, November 16, 2009
Can Precious Metals Keep on Flying? / Commodities / Gold & Silver 2009
Are you sold on gold? The precious metal outperformed every major equity index in the world in 2008. The question is, can gold—and other precious metals—keep on flying? Or would buying today be buying high and selling low?Read full article... Read full article...
Monday, November 16, 2009
Gold at New Record Highs, as U.S. Dollar Slump Continues / Commodities / Gold & Silver 2009
More of the same... spot gold prices continue to climb to new all-time highs, while the dollar index continues to slump just below 75.00 (which my work argues is part of a developing intermediate term bottoming pattern that will be completed during the remainder of 2009, ahead of a powerful recovery rally period).
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Monday, November 16, 2009
Gold's Rise "Relentless" as US Monetary Policy Attacked in Beijing & Tokyo / Commodities / Gold & Silver 2009
THE PRICE OF GOLD leapt to new all-time highs for Dollar investors at the start of Asian trading on Monday, rising further to a new record Gold Fix of $1128.75 an ounce mid-morning in London.
Commodities, stocks and government bonds all rose alongside, pushing London's FTSE100 share index to new 2009 highs above 5360.