Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, May 20, 2009
Gold Re-Tests $930 as U.S. Dollar Falls / Commodities / Gold & Silver 2009
THE PRICE OF GOLD pushed 0.5% higher early Wednesday in London, nearing last Friday's seven-week highs as world stock markets trod water despite a flood of record-bad economic data.
Re-testing a break above $930 an ounce for the third time in four sessions, the Gold Price failed to hold £600 or €680 for UK and Euro investors, however, as the US Dollar fell hard on the currency markets.
Tuesday, May 19, 2009
Gold on the Cusp of a Significant Price Rise / Commodities / Gold & Silver 2009
The 'Sell in May' situation could arrive right on time this year, according to Roger Wiegand of Trader Tracks, who anticipates the next larger, extended rally in gold this fall. In this exclusive interview with The Gold Report, Roger suggests some alternate market plays for the lean summer months and explains why he believes "the deck is stacked against the stock market" and $1,375 gold appears in the cards.
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Tuesday, May 19, 2009
SLV Silver ETF Chart Points to Another Upmove / Commodities / Gold & Silver 2009
Today’s strength in the iShares Silver Trust ETF (NYSE: SLV) argues that all of the action from the May 12 rally peak at 14.06 to yesterday’s low at 13.42 represents a completed pullback within the upleg that started after the April 17 low at 11.64. My overall work in the SLV points to another upmove (that likely started today) that should hurdle key resistance at the prior high (14.06) on the way to an assault on the February high of 14.45.
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Tuesday, May 19, 2009
Gold Rally Lacks Momentum / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold stayed flat early in London on Tuesday, trading between $920 and $923 per ounce as world equities extended their near-$9 trillion gains of the last nine weeks.
"Gold continues to drag sideways," notes Phil Smith for Reuters Technical India, "still pushing up against the old resistance level of 935."
Monday, May 18, 2009
Invest in Cold Fusion Energy and Palladium / Commodities / Palladium
Cold Fusion, that pariah of established science, made a comeback in March as the US Navy's Space and Naval Warfare Center went public with results which they believed confirmed that low energy nuclear reactions were present, repeatable and decisively demonstrable in their specialized palladium/heavy water experiments.
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Monday, May 18, 2009
Deflation Runs into the Brick Wall of Chinese Agri-Foods Inflation / Commodities / Agricultural Commodities
The road to deflation was a short one. It ran smack into reality. That reality is that the rest of the world does exist, and that North America is not the center of tomorrow's universe. The bursting of the credit fed hedge fund mania did yes hurt all markets. But, some of those markets are again being influenced by their structural, and longer term, dynamics. That China has not collapsed into a recession anywhere near the magnitude experienced by Western economies must come as a shock to many economists and strategists. They were wrong. That they do not understand the secular dynamics at play in Asia is now fairly obvious. In tomorrow's economic world, North America is slowly becoming a side show.
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Monday, May 18, 2009
Gold Holds Tight as Fed Buys U.S. Treasuries / Commodities / Gold & Silver 2009
THE PRICE OF WHOLESALE GOLD BULLION held inside a tight $5 range early Monday, bouncing off $927.60 an ounce as government bonds rose, pushing interest rates lower, and crude oil rose back above $57 per barrel.
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Sunday, May 17, 2009
Gold and Silver Potential Parabolic Price Rise 2009 to 2011 / Commodities / Gold & Silver 2009
“Surprising as it may be to most non-scientists and even to some scientists, Albert Einstein concluded in his later years that the past, present, and future all exist simultaneously. In 1952, in his book Relativity, in discussing Minkowski's Space World interpretation of his theory of relativity, Einstein writes:
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Sunday, May 17, 2009
The Silent "Stealth" Rally in Gold / Commodities / Gold & Silver 2009
It was a typical options expiration week with markets showing a lassitude that normally accompanies this event. Trading volume was relatively low and action was lacking for the most part across the board as traders seemed to be on a mental vacation this week.Read full article... Read full article...
Sunday, May 17, 2009
Gold's Manipulated Slow Stead Climb Higher / Commodities / Gold & Silver 2009
It’s been a steady climb all week, even on minus days the lows were always higher. However, the action still is not enthusiastic. Not that gold is about to plunge, it’s just that it doesn’t seem to be getting anywhere fast.
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Saturday, May 16, 2009
World Uranium Supply-Demand to Remain Tight / Commodities / Uranium
A worldwide dearth of uranium mines and highly skilled metallurgical teams to mine it has investors seeing yellow (cake, that is). "The thing with uranium is it's easy to dig up but hard to get out," says Simon Tonkin, who covers base metals, including uranium, at Thomas Weisel Partners. In this exclusive interview with The Gold Report, Simon discusses emerging challenges in the uranium sector and the deficits he foresees in the global race for supply.
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Friday, May 15, 2009
Gold, When to Buy and Sell? Where Next? / Commodities / Gold & Silver 2009
It is always so easy to ask someone, “Can I buy at the bottom and sell at the top?” But life doesn’t let too many of us do that and when it does it has a nasty habit of letting us do it once or maybe twice then lets us get it wrong after that. Many believe that once you have the technical picture giving the top and the bottom that will do the trick, but alas, many technical analysts will come up with different prices for tops and bottoms.
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Friday, May 15, 2009
Crude Oil to Underperform Metals / Commodities / Crude Oil
While both oil and equity indices reveal preliminary signs of a consolidation, downward momentum is particularly expected to weigh on oil. This is especially supported by my expectation for oil prices to underperform metals, which is signalled by a looming rebound in the Gold/Oil ratio. The chart below cogently illustrates how the turning points in the Gold/Oil ratio are driven by commodity markets' optimism with the economy.
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Friday, May 15, 2009
Gold Trust ETF (GLD) Looking to Rally / Commodities / Gold & Silver Stocks
Gold – it is the yellow precious metal once used as a primary form of currency for thousands of years. It is durable, liquid and almost indestructible. Historically, investors have fled unstable markets in search of reliable sources of value and stability, which can generally be achieved by investing in this precious metal. For those who want cost efficient access to the gold market, investing in the SPDR Gold Trust Exchange Traded Fund (GLD) is one of the easiest means of doing so. It is the world’s largest gold-backed ETF that offers risk takers a chance to profit by establishing a position in an investment vehicle that has somewhat of an inverse relationship to the equity markets.
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Friday, May 15, 2009
Gold 2009: Trend, Forecasts and the Story So Far / Commodities / Gold & Silver 2009
Whether inflation or deflation strikes, a growing number of people are fast buying gold for defence...
IT'S COMMON KNOWLEDGE that gold bullion proved the most reliable wealth-store during the vicious inflation of the late 1970s. Yet almost un-noticed, gold has once again been the best-performing asset bar none this decade, too.
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Friday, May 15, 2009
Junior Gold, Silver and Resource Mining Stocks Prospects / Commodities / Gold & Silver Stocks
Just a few years ago, the junior resource stocks were hotter than the sun. The fact that the accelerating commodities bull was secular in nature was finally starting to sink in for mainstream traders. With a growing world in desperate need of endless new supplies of natural resources, capital flooded into junior resource stocks driving some truly epic gains.
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Friday, May 15, 2009
Reflections on the Price of Gold / Commodities / Gold & Silver 2009
I wrote an essay about gold a few weeks ago (Gold Price Forecast: Market-Long-Wave Analysis 2009-2012)
What was bothering me was along the lines of what Adam Smith once said, that "an owner-occupier house generates no income for its owner". That's of course until (perhaps) when he sells it; (equity withdrawals don't count- you are supposed to pay the money back so it's not income, and in those days they weren't blessed with the joys of credit default swaps). Gold is pretty similar.
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Friday, May 15, 2009
Gold Strong End to the Week on Rising Inflation / Commodities / Gold & Silver 2009
THE PRICE OF WHOLESALE GOLD held steady against most major currencies Friday AM, gaining for the second week running and nearing its best Dollar finish since late March at $928 an ounce.
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Friday, May 15, 2009
Gold Continues to Consolidate After Recent Gains / Commodities / Gold & Silver 2009
Further consolidation was seen yesterday with gold and silver rising marginally again and both look set to have a second strong week of gains.
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Friday, May 15, 2009
Silver Mining Company Implications of a “Sullivan-style Massive Sulfide Beds” Project Model / Commodities / Gold & Silver 2009
I almost always focus these weekly missives on the precious metals or economy but seldom write about mining companies. This week I decided to give our readers a little taste of one high potential situation we have been following closely. The name and symbol are left out intentionally because many Internet hosting sites do not want company names involved. This is intended to give the reader some insight into the type of potential a Massive Sulfide discovery may entail.
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