Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, March 26, 2009
Gold Price Bounces off Support on Strong Internals / Commodities / Gold & Silver 2009
GLD Gold ETF Fund – Daily Trading ChartThis week gold has been pulling back after last week's massive one day rally. Hopefully that rally was not a one-day wonder but rather a sign that smart money is still moving into gold and not most retail traders trying to make a quick buck.
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Thursday, March 26, 2009
Gold Price Seasonal Trend Pattern Has Changed! / Commodities / Gold & Silver 2009
The changing of the gold seasons .Unlike most metals gold had a defined set of seasons over the year. The factors that dictate these seasons are very well established based on past demand patterns. But these seasons have now changed as we will see from May onwards, when gold goes into its quiet time often referred to as the "Doldrums" after the area in the Atlantic where there are no Trade Winds taking sailing ships back and forth. Below is why you cannot expect such quiet times and such busy times that we saw in the past!
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Thursday, March 26, 2009
Crude Oil Makes a Sweek Breakout Buy Signal (Part2) / Commodities / Crude Oil
Crude Oil makes a run higher giving investors some what of a tradable bounce. Although this is great for our long trades, this is a catch 22. Gas prices are starting to rise again and if this trade follows through. we could see $65 per barrel and a possibility of oil retesting $100 level within the next 6-12 months. Not a pleasant thought in the grand scheme of things.Read full article... Read full article...
Wednesday, March 25, 2009
Breakout Expected for Crude Oil Services OIH ETF / Commodities / Oil Companies
My near-term pattern and momentum work argue that the OIH is nearing the completion of its 3-session sideways digestion period in the aftermath of last Friday's recovery rally high. Once the bullish coil is complete, the OIH should thrust to the upside towards a next target of 87.00-87.50. Only a decline that breaks below 82.00 will begin to compromise my current bullish outlook.Read full article... Read full article...
Wednesday, March 25, 2009
Gold Strong as Global Money Inflation Sparks Political Battles / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked lower once more early Wednesday, bouncing higher from $918 an ounce for the second day running in London as world stock markets rallied on a strong Wall Street start.Like the German Dax and UK FTSE100, however, the S&P index stood more than 10% below its start of the year.
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Wednesday, March 25, 2009
Ride the Commodities Rally on Fed Trillion Dollar Money Printing / Commodities / Gold & Silver 2009
Sean Broderick wrotes: Industrial commodities are bouncing off their bottoms and headed higher. What's driving this move?
Simply put: The Fed has cranked up the printing presses and is throwing hundreds of billions of dollars at anyone who looks like they might buy toxic debt. This is unsticking the credit market for the short-term. And it's also lighting a fire under equities and commodities around the world as traders and investors start to bet on a recovery.
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Wednesday, March 25, 2009
Gold and Silver Fall on Profit Taking / Commodities / Gold & Silver 2009
Gold and silver fell yesterday ($923.30 down $29.70; Silver $13.34 down 52 cents) on profit taking and renewed risk appetite which saw equities rally internationally (prior to a late sell off in the US) and the dollar rally after its recent sharp falls.
Macroeconomic, systemic and monetary risk has seen the dollar, the euro and more particularly sterling fall versus gold in recent months. Gold would have likely risen by much more were it not for likely central bank and bullion bank gold sales which have artificially capped the price.
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Tuesday, March 24, 2009
Bob Moriarty: Investors Act on Contrarian Thinking / Commodities / Gold & Silver 2009
Always challenging, always controversial and always the contrarian, 321gold.com founder Bob Moriarty always can be counted on for a few takeaway nuggets when he chats with The Gold Report . In this interview, his third with us over the past 12 months, Bob cautions against confusing investment savvy with ego-satisfaction, suggests taking time for due diligence instead of looking to gurus, and—of course—recommends a contrarian strategy. He also offers a few tips for investors who want the biggest “bounce for the ounce” and shares some thoughts about a few “brilliant” mining projects he recently visited in Mexico.Read full article... Read full article...
Tuesday, March 24, 2009
Agri-Foods Benefit from the Feds Decision to Destroy the Dollar / Commodities / Agricultural Commodities
Trends may persist, but never exist eternally. Both parts of that little piece of wisdom provide useful guidance for investors. Trends, clearly, are an investor's friends when the investor lives in harmony with that trend. However, always remember that the trend will end regardless of how solidly good the fundamentals might be, or how miserably bad the fundamentals might appear. On this latter point, have not received one email on the positive fundamentals for oil since it fell below $140.Read full article... Read full article...
Tuesday, March 24, 2009
Gold Slips as Geithner's $1 Trillion Surge Fades on Wall Street / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold slipped to a four-session low beneath $920 an ounce early Tuesday – up more than 6% for 2009 to date, but 8% south of the $1,000 top hit 5 weeks ago – as world stock markets failed to extend Monday's strong gains.Read full article... Read full article...
Tuesday, March 24, 2009
Gold: Gold Stock Index Ratio Analysis / Commodities / Gold & Silver Stocks
Trading without indicators is like running blind and it encourages emotional trading that is the bane of successful investors. Below are brief descriptions of 5 of the most popular gold mining company indices and how they should be used in conjunction with the price of gold to determine the future movement of gold bullion and gold mining stocks. (For a much more indepth understanding and analysis of these indices please refer to my recent article entitled “Gold Indexes: Comparing and Evaluating the HUI, XAU, GDX, XGD and CDNX”.)Read full article... Read full article...
Monday, March 23, 2009
Strong Gold Bull Market Foundations on Developing Inflation Crisis / Commodities / Gold & Silver 2009
The Federal Reserve shocked the markets this week by taking new dramatic actions to end the recession. They announced they'll be buying more than $1 trillion in U.S. Treasury bonds and mortgage backed securities guaranteed by Fannie Mae and Freddie Mac. This means the Fed will be creating even more money to buy this debt, and that immediately affected all of the markets.Read full article... Read full article...
Monday, March 23, 2009
Gold, GLD ETF Prices Holding Up Well / Commodities / Gold & Silver 2009
Of all the markets I am watching, the one that pops out at me here is the SPDR Gold Trust ETF (NYSE: GLD) because the price structure has not relinquished much if any of its wild upmove off of last Wednesday's Fed announcement (about buying longer-dated Treasury paper). Even this morning, amidst the announcement by Treasury that a plan is in place to quarantine, price and hopefully profit from the toxic assets, which should be considered a very “market stabilizing event,” gold prices are holding up well.Read full article... Read full article...
Monday, March 23, 2009
Gold Bubble Brewing as Washington Funds Mortgage Bond Rescue Worth $1 Trillion / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold moved in a 1% range against all major currencies Monday morning, bouncing off a low of $946 an ounce as the Dollar rose vs. the Euro and Wall Street stocks jumped on a new rescue plan for US banks.Announcing its new "Public Private Partnership Investment Program" – and aiming to remove $1 trillion of toxic investments from US bank balance sheets – the Treasury said it will split the purchase of what it calls "legacy assets" with hedge funds and other leveraged speculators.
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Monday, March 23, 2009
Historic Week for Gold as Fed Opts to Buy Toxic Securities Including Government Bonds / Commodities / Gold & Silver 2009
It was a historic week, with the Federal Reserve opting for the “nuclear option” of money creation on a trillion dollar scale. Gold and silver rose 2.7% and 4.5% respectively. The gains would have been much more but for an unusual and unexplained very sharp selloff in the precious metals immediately prior to the Federal Reserve’s dramatic and historic emergency announcement. Read full article... Read full article...
Monday, March 23, 2009
How to Catch the Next Gold Bull Market / Commodities / Gold & Silver 2009
The next gold bull market could be just around the corner and with thought in mind; it has many traders and investors on edge, because they are worried they could get left behind. In the past few months, gold has been extremely volatile, making it difficult to hold a position for those of us who think gold could push much higher still.
We all know the market is moved by greed and fear and making decisions based on greed and fear, 9 times out of 10, leads to a bad decision, AKA a losing trade. Below is a simple strategy to average into gold, so that you will catch the next gold bull market.
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Sunday, March 22, 2009
Silver Powerful Rally Reaches Strong Resistance Area / Commodities / Gold & Silver 2009
We saw very bullish action in silver last week, although unlike gold, it has alot of resistance to contend with on the way up. On the 6-month chart we can see how silver plunged in the early trade on Wednesday to briefly touch a zone of strong support at and beneath its major uptrend channel support line, only to rally strongly later in the day on the Fed news to close up and near to the day's high, leaving behind a strong bullish hammer on the chart. This was followed by a strong up day that broke silver decisively out of the downtrend it had been in from mid - late February. It rose again on Friday and is now looking in need of a brief rest, although if the dollar picks up again on the downside, as look likely, it will simply continue higher.Read full article... Read full article...
Sunday, March 22, 2009
Gold Breaks to the Upside Following Confusing Manipulated Price Action / Commodities / Gold & Silver 2009
We've had a couple of very interesting days in the gold market this past week but in the end the up side prevailed. I'm not sure if gold is being manipulated or if the major speculators who have the money to move prices are just confused and don't know which way to go. I'll just stick to the market action.Read full article... Read full article...
Saturday, March 21, 2009
Barry Allan: Which Way Will You Make Your Play in Gold? / Commodities / Gold & Silver 2009
Consistently ranked as one of the top-10 gold and precious metals mining analysts in Canada, Capital Research's Senior Vice President and Director Barry Allan offers a well-rounded perspective on the mining sector that combines geological fieldwork, equity research and finance. Now, after more than 16 years in the industry, he remains bullish on both gold and silver. In this exclusive interview with The Gold Report, Barry discusses his criteria for evaluating major and junior miners, explains how value price moves in gold are more driven by investors than jewelry demand and offers some risk-based guidelines for investors looking to preserve and build wealth in gold.Read full article... Read full article...
Saturday, March 21, 2009
Russian Oil Giants Absent from World’s 10 Biggest Oil Companies / Commodities / Oil Companies
Energy Intelligence Group published the list of world's 50 largest oil companies. The companies of such little-known countries as Kazakhstan and Uzbekistan were included in the top 50 for the first time ever. Russian oil giants were not listed in the top ten.Read full article... Read full article...