
Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, August 14, 2008
Gold Bounces as Euro-zone Slumps towards Recession / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD added to Wednesday's sharp bounce early in Asia and London Thursday morning, nearing the Wall Street open almost 4.4% above the week's low at $836 per ounce.Crude oil traded back above $116 per barrel – up more than $3 from its three-month lows of Tuesday – while base metals also rose sharply.
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Thursday, August 14, 2008
Gold Fell Sharply in Dollars but not in Euros and Pounds / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York on Friday at $825.50, up $15.80 and silver was up 37 cents to $14.81. Gold continued to rise in Asian and early European trading and is trading at $831.80/832.40 per ounce (1200 GMT).The much anticipated bounce in gold occurred yesterday and continued overnight as the dollar weakened and oil prices firmed again.
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Thursday, August 14, 2008
Precious Metals Stocks on Major Buy Alert / Commodities / Gold & Silver Stocks
By: Clive_Maund

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Wednesday, August 13, 2008
Crude Oil Spike Fails to Break Above Resistance / Commodities / Crude Oil
By: Mike_Paulenoff
Very interesting situation developing in nearby crude. Let's notice that the post DOE data spike propelled prices to $115.69 (so far), which hurdled the August resistance line at $114.80, benefiting our earlier ProShares Ultra-Long Oil & Gas ETF (AMEX: DIG) position. But it failed to hurdle the prior rally peak at $115.95 established yesterday.Read full article... Read full article...
Wednesday, August 13, 2008
Strong US Dollar Drives Gold Lower / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back all of a 1.5% rally late-morning in London on Wednesday, dropping below $815 per ounce in thin but frantic trade as the US Dollar continued to rally against pretty much everything.Crude oil ticked back above $113 per barrel – down almost 25% from its top of early July ahead of today's much-anticipated US inventory stockpiles report – while base metals continued to slide.
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Wednesday, August 13, 2008
Gold Oversold at Seasonal Lows / Commodities / Gold & Silver
By: Mark_OByrne

Gold's recent merciless sell off continued yesterday. But, the dollar's incredible five day surge appeared to come to an end yesterday, with a sell off on Wall Street (on concerns about financials and slowing global growth) stopping it in its tracks.
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Wednesday, August 13, 2008
Gold Extremely Oversold / Commodities / Gold & Silver
By: Ned_W_Schmidt
In most recent Trading Thoughts we reported that the largest purchases of U.S. government debt by foreign official institutions had occurred in the prior week. Initially, reason for those purchases was a mystery. That is, until Russia decided to crush Georgia militarily. Russian army does not move into invasion mode without some prior preparations. Someone knew what was to happen. Massive amount of money flowed, at a $1.4+ trillion annual rate, into U.S. debt in less than a week.Read full article... Read full article...
Tuesday, August 12, 2008
Gold Trying to Make a Bottom / Commodities / Gold & Silver
By: Michael_Swanson

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Tuesday, August 12, 2008
Gold Hit by Massive Wave of Stoploss Selling for Record Plunge / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York on Friday at $821.50, down $36.00 and silver was down 71 cents to $14.48. Gold continued to fall in Asian and early European trading and is trading at $809.00/809.60 per ounce (1100 GMT).Read full article... Read full article...
Tuesday, August 12, 2008
Gold Bull Market Correction Elliott Wave Analysis / Commodities / Gold & Silver
By: Alistair_Gilbert
Captain Ron has presented his well-reasoned case for Gold for the Bulls today and whilst our long-term viewpoint is the same, I believe that this correction is not over in either TIME or PRICE yet. But correction it is, NOT the end of the Bull market.
In order to determine where we are in the short-term wave count we have to stand back and look at the long-term wave count. Last week I presented the quarterly charts on a number of commodities that to me show quite clearly where we are. Below I show the quarterly DELTA chart on Gold and this time I have put my wave counts on the chart.
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Tuesday, August 12, 2008
Bear Comparison: Today's Junior Resource Mining Sector vs 2001's Nasdaq / Commodities / Gold & Silver Stocks
By: John_Lee
"Another lesson I learned early is that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I've never forgotten that. I suppose I really manage to remember when and how it happened. The fact that I remember that way is my way of capitalizing experience." - Jesse Livermore, Reminiscences of a Stock OperatorRead full article... Read full article...
Monday, August 11, 2008
Overbought US Dollar Should Give Gold Price Support / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York on Friday at $857.50, down $11.90 and silver was down 92 cents to $15.29. Gold has risen in Asian and early European trading and is trading at $860.10/860.60 per ounce (1230 GMT).Read full article... Read full article...
Monday, August 11, 2008
AMEX GOLD BUGS INDEX (HUI): Again a Golden Opportunity to Buy Gold Shares? / Commodities / Gold & Silver Stocks
By: Peter_Zihlmann
Two major gold indices dominate the market - the AMEX's Gold BUGS Index (HUI) and the Philadelphia Stock Exchange's XAU
The major difference between the two is that the BUGS index is made up exclusively of mining stocks that do not hedge their gold positions more than a year-and-a-half into the future. This makes the BUGS Index much more profitable than the XAU when gold prices are rising, but can also compound its losses when gold declines. BUGS is an acronym for B asket of U nhedged G old S tocks. The index was introduced on March 15, 1996 with a starting value of 200.
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Sunday, August 10, 2008
Russian Bear Delivers Crude Oil and Gold a Black Swan Event / Commodities / Crude Oil
By: Nadeem_Walayat

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Sunday, August 10, 2008
Gold Succumbs to US Dollar Strength / Commodities / Gold & Silver
By: Clive_Maund

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Sunday, August 10, 2008
Silver Plunges Through Support Heading for $14 / Commodities / Gold & Silver
By: Clive_Maund
The silver support level in the $16.00 - $16.50 area finally buckled on Friday in the face of the dollar spike leading to a rapid plunge that has taken the price below its 300-day moving average. We can see this development on the 1-year chart, and how it has opened up the risk of a continued decline to the next support level in the $14 area.Read full article... Read full article...
Saturday, August 09, 2008
Gold Plunges Towards Test of Key Support at $850 / Commodities / Gold & Silver
By: Merv_Burak
I think we all want to forget this past week and look ahead (all except those who had been on the short side, that is). We are now at a very significant support so let's see if it looks like gold will hold or fold.
GOLD : LONG TERM - Things got real interesting this past week so I thought I'd bring out my very long term chart of gold and see where we are at. About the only difference between the very long term chart and the long term chart is the use of a yearly (52 week) momentum indicator versus 30 weeks for the long term and the use of a yearly simple moving average line versus a 40 week weighted moving average line in the long term.
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Saturday, August 09, 2008
Gold Trend- The good, the Bad and the Ugly / Commodities / Gold & Silver
By: Brian_Bloom

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Saturday, August 09, 2008
Why Gold Fell Below $900 / Commodities / Gold & Silver
By: Julian_DW_Phillips

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Friday, August 08, 2008
Gold Bull Markets Strong Seasonal Tendancies / Commodities / Gold & Silver
By: Zeal_LLC
It's been a tough few weeks for gold investors. In mid-July this Ancient Metal of Kings closed near $976, within spitting distance of its all-time nominal high of $1005 achieved in mid-March 2008. But since then it has sold off relentlessly, down 10.4% ($101) at worst. Several days of this ugly span were marred by sharp selloffs too, including this past Tuesday's 2.2% plunge on the Fed's machinations.
If you are playing gold on the long side, it is tempting to get discouraged. After all, this week CNBC was emphatically claiming that the global commodities bulls had ended . Never mind that CNBC has prematurely declared these bulls over about a dozen times in the past few years, the misery of the moment is hard to transcend. Gold certainly wouldn't fare well if the commodities-hating financial media is right.
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