Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, July 09, 2008
Crude Oil Minor Recovery Bounce Underway / Commodities / Crude Oil
By: Mike_Paulenoff
Purely from a near-term technical perspective, today's geo-political "strength" in crude oil and its ETF the US Oil Trust (AMEX: USO) has the look of a minor recovery bounce rather than the start of a new upleg in the aftermath of the $6 and 5.5% decline since the July 2 high of 117.94 in the USO (to yesterday's reaction low at $111.63).Read full article... Read full article...
Wednesday, July 09, 2008
Gold Corrects After Recent Bullish Run as Iran Tests Long-range Shahab-3 Missile / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD gave back a 1% rally in London on Wednesday, trading $20 per ounce below this time last week as crude oil managed only a slight bounce on news of an Iranian missile test.Already subject to international sanctions over its nuclear research program, Tehran said today it successfully fired a Shahab-3 missile overnight, capable of reaching Israel.
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Wednesday, July 09, 2008
Osama Bin Laden's Oil Price Victory Fueling Red-Hot Inflation / Commodities / Crude Oil
By: Money_and_Markets
Sean Brodrick writes: Sometimes your worst fears come back to bite you in the rear. Case in point: In the New York Times, on October 14, 2001 the managing director of an oil consulting firm warned: "If Bin Laden takes over and becomes king of Saudi Arabia, he'd turn off the tap ... he wants oil to be $144 a barrel."
At the time, oil traded at $23, and $144 a barrel seemed downright impossible. Well, terror mastermind Osama Bin Laden, safe in his undisclosed rat hole, must be grinning like a Cheshire cat, because last week oil soared past $144 a barrel.
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Wednesday, July 09, 2008
Gold Forecast to Rise to £1,800 (GBP) / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $920.90 , down $ 5 and silver fell to $17.8 4 , down 1 cents . Gold again traded down in the New York Globex electronic market and in early trading in Asia prior to rallying in late trading in Asia and and early European trading back above it's opening price in New York yesterday . Read full article... Read full article...
Wednesday, July 09, 2008
Oil Stocks Will Continue To Under Perform The Oil ETF / Commodities / Oil Companies
By: Chris_Vermeulen
Oil stocks will under perform crude oil and the o il etf for the next several years - but Energy Juniors will outperform both.
The market is now setting up for a great entry point into junior oil Stocks!
When it comes to morbid fascination, this chart takes the Cake!
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Wednesday, July 09, 2008
The Indian Gold Train is Leaving the Station ... / Commodities / Gold & Silver
By: Alex_Wallenwein
Indians who sold their gold in 2007 to buy stocks are now paying out the wazoo for their gross misjudgment. In January of 2008, the Bombay Stock Exchange fell by more than 4,000 points. It is now a full 8,000 points short of its January 8th peak, Read full article... Read full article...
Wednesday, July 09, 2008
Bernanke's Indecision on Interest Rates Opens the Door for Resource Juniors / Commodities / Gold & Silver Stocks
By: John_Lee
On June 25, Bernanke left key short term rates unchanged at 2%, citing "considerable stress" in financial markets and tight credit conditions. The Fed also cautioned about the upward pressures on prices caused by rising oil and other commodity prices. On the same day, Mr. Warren Buffett fingered "exploding" inflation as the biggest risk to the economy. Buffett said on CNBC "It's huge right now, whether it's steel or oil. We see it everywhere." Read full article... Read full article...
Tuesday, July 08, 2008
Agri-Food Funds Hit by Credit Crisis Hedge Fund Margin Calls / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
Virulent fall of equity markets may have more to do with date of 30 June than temporarily high paper oil prices. Last day of June is associated with end of quarter financial statements. Around the world, financial institutions were preparing for and then creating balance sheets for that important date. Those financial institutions felt compelled by market forces to make their balance sheets look good. That desire translated into a continued reduction in available lending to funds of all kinds. Read full article... Read full article...
Tuesday, July 08, 2008
The Oil Crisis and Gold / Commodities / Crude Oil
By: David_Vaughn
One of the hardest things about life is when we have to close a chapter. Yesterday becomes merely a collection of happy memories and those memories are all that remain. That perhaps is why we have always clung so hard to nostalgia. The world is constantly changing and that unfortunately even includes our own lives. In life personal actions always produce consequences. Unfortunately, this principal even includes things of material value. And the consequence of less oil produces the consequence of higher prices.Read full article... Read full article...
Tuesday, July 08, 2008
Gold Volatile as Bear Market Grips Stocks / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD surged and then fell back in yet more volatile trade early Tuesday, regaining all of yesterday's 1.9% drop before slumping $14 per ounce.
The Gold Price then picked up again as world stock markets sank, oil prices ticked below $140 per barrel, and government bonds rose further.
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Tuesday, July 08, 2008
Grim Economic Outlook Drives Gold and Equities Lower / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $925.90 , down $6 and silver fell to $17.85 , down 43 cents . Gold then sold off somewhat in the New York Globex electronic market before rising again in Asian and early European trading to over $930 per ounce. A lessening likelihood of a military confrontation with Iran contributed to the fall in oil and gold's slight sell off.Read full article... Read full article...
Monday, July 07, 2008
So You Think Oil's Expensive Now? / Commodities / Crude Oil
By: Robert_Carpenter
Oil's move above $140 a barrel and the pronouncement by OPEC that oil prices could rise between $150 and $170 a barrel this summer is another hit for US consumers whose budgets are already at the breaking point. In addition, rumors on Tuesday that Israel had bombed Iran 's nuclear facilities resulted in a sharp spike in oil prices, reminding investors how painfully delicate the market is.Read full article... Read full article...
Monday, July 07, 2008
Silver Short Positions Fallacies / Commodities / Gold & Silver
By: David_Morgan
I recently read an “advotorial” suggesting silver to be a fantastic investment, and I could not agree more. However, the author was stating that all short positions have to eventually be covered with physical silver and that when this took place there would be a price explosion.
It is a fallacy that all short positions have to be covered and the shorts will have to buy silver to cover. First, to state that all positions have to be covered is misleading; a position can remain open for a very long time, because as the contract becomes due, it can be rolled over. Technically, it is not the same position, because when it is “rolled forward,” it is a different month and involves a different contract, but basically the contract is moved out to a later date. This rolling takes place all the time in the futures markets.
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Monday, July 07, 2008
Commodities Are Strong, But Which Ones Are the Strongest? / Commodities / Metals & Mining
By: Frank_Holmes
There's been plenty written about how well commodities have performed in recent years.
But do you know which of these commodities have done the best between 1999 and 2007? Do you know which ones have been the brightest stars so far in 2008?
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Monday, July 07, 2008
Gold Drops 2% from Post-Bear Stearns High / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION PRICES fell hard in Asia and London early on Monday, dropping almost 2% from Friday's 15-week closing high – their best level since peaking above $1,000 per ounce as the Federal Reserve stepped in to rescue Bear Stearns in mid-March.Crude oil futures dropped more than 1.5% to dip below $143 per barrel, almost 2.3% below the most record high, hit last Thursday.
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Sunday, July 06, 2008
Gold Stocks - The Next Big Winners / Commodities / Gold & Silver Stocks
By: Chris_Vermeulen
Gold Stocks - A contrarian view on where the next Gold Stock winners will emerge. Searching for the Golden Goose?
For years we have been speaking and writing about the massive bind the Fed now finds itself in. With price inflation rising – read as food and energy skyrocketing -- and little hope for nominal interest rate increases – read as housing too weak for higher rates – negative Real Interest Rates (nominal rates less inflation) looks set to persist for some time.
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Sunday, July 06, 2008
Gold's Technical Buy and Sell Signals / Commodities / Gold & Silver
By: Brian_Bloom
Short term buy signals are being given by the gold share indices
- This, in context of medium term sell signal for gold itself, with a price target for gold at $780 an ounce
- This, in context of a long term buy signal and a visible price target of $1400 an ounce
Sunday, July 06, 2008
Profit from the US Fed Inflating the Commodities Bubble / Commodities / Gold & Silver
By: Martin_Hutchinson
U.S. Federal Reserve Chairman Ben S. Bernanke ignored the warnings of most economists last week, and kept the benchmark Federal Funds rate at 2%, far below the actual rate of inflation.
As a result of this non-move, investors can probably look forward to having global commodities boom to continue for at least a while longer.
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Saturday, July 05, 2008
US Insane Ethanol Biofuels Policies Cause of Food Crisis / Commodities / Ethanol
By: Mike_Shedlock
A World Bank Report suggests Biofuels behind food price hikes . Biofuels have caused world food prices to increase by 75 percent, according to the findings of an unpublished World Bank report published in The Guardian newspaper on Friday.
The report's author, a senior World Bank economist, assessed that contrary to claims by US President George W. Bush, increased demand from India and China has not been the cause of rising food prices.
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Friday, July 04, 2008
Gold vs. the World Chart / Commodities / Gold & Silver
By: Adrian_Ash
Olivia & Tatiana Van Vredenburch write: "...Take a look at this Global Gold Index, showing the price of gold against the world's top 10 largest currencies..."
BACK IN 1969 the International Monetary Fund (IMF) created a new kind of money – the ultimate form of international money, it believed – called the Special Drawing Right.
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