Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, February 12, 2009
Gold Bull Market Projects to $2,300 by end of 2010 / Commodities / Gold & Silver 2009
The cup and handle pattern is one of the most prevalent and reliable technical patterns. It occurs often and in short, medium and super long-term time frames. Technical analysis is not an exact science. In fact it is more an art than science. The formation of a technical pattern doesn't imply infallibly, that the pattern will complete itself according to textbook manner. However, I find that the cup and handle pattern completes itself far more often than any other technical pattern. Its record is very good.Read full article... Read full article...
Thursday, February 12, 2009
Gold Bullion and Crude Oil Trading Analysis / Commodities / Gold & Silver 2009
Gold and gold equities have performed well over the past two months climbing in value as the broad market drifts sideways waiting for buyers or sellers to step up to the plate. I am hearing traders in a panic saying they think gold is going to start moving $100 per day and are jumping on the band wagon, and that gold's going to $3500 per ounce soon. While that is possible I just don't see it happening right now and that we need to jump on the band wagon and chase this high price. I provided three charts of gold and gold equities to show you how I see things right now.Read full article... Read full article...
Wednesday, February 11, 2009
Gold SPDR ETF GLD Upside Breakout / Commodities / Gold & Silver 2009
Spot Gold prices and the SPDR Gold Trust ETF (NYSE: GLD) are on the move again-- to the upside-- doing damage to key resistance levels. The enclosed daily chart pattern of spot gold is getting very interesting if you are a gold bull. Let's notice that today's upmove has hurdled key resistance created at last October's rally peak of $933.45, which ushered in a two-week period of falling prices to a $680.75 low -- a drop of 27%.Read full article... Read full article...
Wednesday, February 11, 2009
Gold Long-term Hedge Against Wealth Destruction / Commodities / Gold & Silver 2009
"...Gold is demonstrably not the ultimate inflation hedge. Nor is it anything much compared to stocks, bonds or real estate..."
"THE TWILIGHT of gold appeared to have arrived," wrote Niall Ferguson – now a Harvard professor, then an Oxford scholar – of the metal's 20-year bear market at the end of the last century.
Read full article... Read full article...
Wednesday, February 11, 2009
Fear Pushing Gold to New High this Year / Commodities / Gold & Silver 2009
Sean Broderick writes: I would like to state for the record that what's happening to the U.S. economy is freaking me out. And I think that if you're not scared, you're not paying attention.
That said, there are positive steps you can take to protect yourself and your portfolio — and I'll get to three of those steps in a minute. But just because I'm worried doesn't mean things can't end well. With some luck, maybe President Obama's economic team can stabilize things.
Read full article... Read full article...
Wednesday, February 11, 2009
Gold and Silver Market Manipulation Conspiracy / Commodities / Gold & Silver 2009
Goldsmiths Part XXX - To set the stage for what is to follow below, by this writer on the US invasion of Iraq in 2003, goldseek.com of Oct 1, 2008 had an article by Bix Weir on “My Gold and Silver Conspiracy Story” which really whets the appetite of a thinking person. Weir wrote that after WWII a vast gold hoard of Japanese gold (most of which was stolen from other Asian countries) was found hidden in over 175 different sites in the Philippine Islands by a member of General Charles Willoughby's staff. Willoughby was General MacA rthur's Chief of Intelligence.Read full article... Read full article...
Wednesday, February 11, 2009
Gold Surges Ahead of Record US Treasury-Bond Sale and China Forex Reserves Warning / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold bullion touched an 8-session high early in London on Wednesday, turning lower from $927.50 an ounce as world stock markets slipped following Wall Street's shock 5% slump overnight.Treasury-bond prices rose despite a record $21 billion auction of new 10-year notes due today, while crude oil slipped below $38 per barrel.
Read full article... Read full article...
Wednesday, February 11, 2009
Gold Surges as Nervous Chinese Begin to Diversiry Dollar Reserves into Gold / Commodities / Gold & Silver 2009
Gold surged yesterday (up 2.4% and silver was up 2.3%) as stock markets fell sharply with investors increasingly frustrated and nervous with the lack of details about the US government's latest $2,000 billion bank bailout plan.Read full article... Read full article...
Tuesday, February 10, 2009
Junior Gold and Silver Miners Staged to Climb from New Ground Floor? / Commodities / Gold & Silver Stocks
Whether irrational exuberance or the faltering dot-com industry triggered it, the economic downturn of 2001 hit junior resource companies hard. They bounced back in a big way. “Downturn” understates the current scenario, but AlphaNorth Asset Management President and CEO Steve Palmer sees similarities. He looks forward to taking advantage of opportunities “to get in on some of what has now become the new ground floor” and make some “tremendous gains.” While he anticipates more bad news on the employment front, he also tells The Gold Report followers that he believes “we've avoided the abyss” and confidence is returning.Read full article... Read full article...
Tuesday, February 10, 2009
Agri-Foods Prices Advancing in the Face of Strong Mega-trend Fundamentals / Commodities / Agricultural Commodities
Structural investments are perhaps the most powerful. Gold has, for example, been in a structural bull market for more than a decade. Those political and economic trends that have propelled Gold from $250 were simply a “carnival” ride that had only one way to go, up. The structural deficits of the U.S., which stem from an intellectual deficit in government, meant that Gold had could only go up. All one had to do was identify the structural bull, and remain seated for the entire ride.Read full article... Read full article...
Tuesday, February 10, 2009
Canadian Gold Miners and How to Invest With $5,000 to $10,000 Revisited / Commodities / Gold & Silver Stocks
Perhaps you recall about one year ago we had a serious of articles, How to Invest….
We can all agree it has been one hell of a year so we thought it timely to revisit our previous article and see what new light we can shed on your investments decisions. Many of you have lost a substantial amount of monies over the last year, however we encourage you to look at the bright side in that now with the market for the junior's and smaller exploration companies down substantially, your investment dollars allow you to purchase more shares at the current depressed prices.
Read full article... Read full article...
Tuesday, February 10, 2009
Gold Recovers on U.S. $1.5trn Financial Aid for Banking Sector / Commodities / Gold & Silver 2009
THE SPOT PRICE of wholesale gold jumped 1.2% lunchtime Tuesday in London, rising back above $900 an ounce as world equities ticked lower and the European single currency bounced sharply on the forex market.Crude oil recovered the $41-per-barrel mark. Government bonds rose across the board.
Read full article... Read full article...
Tuesday, February 10, 2009
Financial Times Lexx Favours Platinum Over Gold, Is the FT Right? / Commodities / Gold & Silver 2009
Profit taking saw gold fall yesterday but continuing very robust demand for physical bullion and gold ETF’s for safe haven purposes means that this is likely another period of consolidation.
There is a dawning realization that we are in the early stages of a severe global recession and possibly even a global Depression. In this uncertain climate for the global financial system and the global economy itself, risk aversion is set to remain elevated and thus demand for physical gold bullion will also remain elevated. As it will for silver but less so for the purely industrial precious metals of platinum and palladium.
Read full article... Read full article...
Monday, February 09, 2009
Industrial Commodities Drive Broader Stock Market Trends / Commodities / Investing 2009
As we think about possible economic recovery, it may be a good idea to watch the prices of certain materials inputs to industry. Perhaps they will perk up before other parts of the economy farther downstream from raw materials.
Here are weekly, 3-year charts for several basic inputs to industry used to make things and move materials and things around.
Read full article... Read full article...
Monday, February 09, 2009
Gold Price Market Manipulation Crime Scene Investigation / Commodities / Gold & Silver 2009
Last week on Thursday February 5th, 2009, The President's Working Group On Financial Markets held their first official soiree with former New York Federal Reserve Bank President, Timothy Geithner, installed as President Obama's pick as Treasury Secretary.
In the spirit of “Change has come to America” and transparency, cameras were invited in for the ‘proverbial photo-op' in what was no doubt an attempt to demystify this shadowy organization. You can see this press conference for yourself beginning at the 3:20 minute mark of this video excerpt .
Read full article... Read full article...
Monday, February 09, 2009
Natural Gas UNG ETF in Completed Bottoming Formation / Commodities / Natural Gas
The daily chart of the U.S. Natural Gas Fund ETF (NYSE: UNG) argues strongly that the price structure has completed a rounded 2-3 week bottoming formation that should propel prices towards a confrontation with the 6-month resistance line(s) at 21.20-22.00 in the upcoming hours/days. The UNG needs to hurdle and sustain above 22.40 to trigger more meaningful buy signals that will indicate that an intermediate-term low has been established.Read full article... Read full article...
Monday, February 09, 2009
Precious Metals Regaining Monetary Status / Commodities / Gold & Silver 2009
Loose in the head. As opposed to Hank Paulson, that's what traders now think of Geithner since he angered China before even getting in the door. They think he's loose in the head. So, delayed as the reaction was since he uttered the words Thursday, the trade bought gold, sold bonds, and who knows, maybe even reversed the dollar ($) despite the fact stocks look set to plunge. In this respect, Geithner's fumble, which is the only way to read that considering China is the US's biggest creditor, is the kind of thing that can cause trend changes, where we will find out soon if this is the case with respect to gold and the $.Read full article... Read full article...
Monday, February 09, 2009
Gold Plunges Below $900 Despite Central Banks Money Printing / Commodities / Gold & Silver 2009
THE PRICE OF WHOLESALE gold bullion fell sharply at the New York opening on Monday, dropping 1.8% to a four-session low of $895 an ounce as the US Dollar also slipped on the currency market.World stock markets ticked down despite a fresh wave of central-bank and government aid, but crude oil crept back above $40 a barrel.
Read full article... Read full article...
Monday, February 09, 2009
Catastrophic Fall in 2009 Global Food Production / Commodities / Food Crisis
After reading about the droughts in two major agricultural countries, China and Argentina, I decided to research the extent other food producing nations were also experiencing droughts. This project ended up taking a lot longer than I thought. 2009 looks to be a humanitarian disaster around much of the worldTo understand the depth of the food Catastrophe that faces the world this year, consider the graphic below depicting countries by USD value of their agricultural output, as of 2006.
Read full article... Read full article...
Monday, February 09, 2009
Platinum and Commodities Bubble, Deflationary Crash / Commodities / Platinum
Over the weekend I received a note from a reader asking me to evaluate the market for Platinum. I hope she doesn't mind if I just quote the better part of her note to me: good morning, Lucas. A theme that I'd like you to look at - if it interests you - are platinum futures. The platinum/gold ratio is interesting. I read that the reason platinum sold off so badly was that outfits like GM had to liquidate their usual 6 month supply stockpiles. I've been noticing that some of the producers in the PGM sector have been 'coming alive'; and showing some pretty good relative strength, even in relation to gold miners. Anyway, looking at this etf, PGM, also showing signs of life...as you know, PGM holds futures; I would be inclined to buy it; but don't know how to evaluate the contango issue; so don't know whether a buy here would be a losing play because of the 'roll premium' drag, as it has been, and will continue to be (i believe; but wtf do I know?) with USO, which I would not buy.Read full article... Read full article...