Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, November 10, 2008
Gold and Silver Stocks at Historic Lows Relative to Gold Price / Commodities / Gold & Silver Stocks
THE TIMELESS PRECIOUS METAL FUND
THE TIMELESS ENERGY FUND
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Monday, November 10, 2008
Gold and Stocks Gain on China's $586 billion Economic Stimulus Package / Commodities / Gold & Silver
SPOT GOLD PRICES rose sharply during Asian and early London trade on Monday, adding 2.4% from last week's close as world stock markets also rose on news of a 4 trillion Yuan stimulus package ($586bn) from the Chinese government, plus an extra $40bn of US government aid for troubled insurance giant AIG.Read full article... Read full article...
Sunday, November 09, 2008
Agri-Foods Long-term Opportunities Amidst Hedge Funds Deleveraging / Commodities / Agricultural Commodities
Despite ravages brought on by joyful liquidation of hedge fund industry, Agri-Food prices continue to show superior relative performance when compared to equities. That conclusion is readily apparent from this week's first graph. In it are plotted our Agri-Food price index and the S&P 500. As ignorance of complexity of commodities is widespread among investment community and in particular the business media, investors need to make an effort to be better informed. Commodities are both not a homogeneous asset class and an incredible investment opportunity.Read full article... Read full article...
Sunday, November 09, 2008
Gold Trades Sideways Amidst Continuing Bearish Trend / Commodities / Gold & Silver
Having been away last week didn't seem to have made much difference. Gold is just about where it was when last I reviewed it here two weeks ago. The best that can be said is that it is building strength while moving in a basic lateral direction.
GOLD : LONG TERM - Since I last showed the long term P&F chart of gold in my 2008-10-17 commentary it had made a move to lower levels and then moved in a sideways path. It has formed a strong resistance at the $765 level so a move to $780 would be an upside break. It might also be a reversal to the bull as the down trend line is very close to that point.
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Sunday, November 09, 2008
Monetary Reform: Gold And Bills Of Exchange / Commodities / Gold & Silver
Address before the Civil Society Institute at Santa Clara University, November 3rd 2008 - The Great Depression of the 1930's was not due to the 'contractionist propensities' of the gold standard as alleged by John M. Keynes. Nor was it due to fractional reserve banking as alleged by Murray Rothbard. Rather, it was due to the government's sabotaging the clearing system of the international gold standard, the bill market.Read full article... Read full article...
Saturday, November 08, 2008
Bob Moriarty: Laying Out a Feast for Stock Bears and Gold Bugs / Commodities / Gold & Silver
In this exclusive interview with The Gold Report, 321gold.com founder Bob Moriarty provides abundant food for thought about the continuing U.S. financial debacle. Unlike many other observers, he foresees a short-term rally in the stock market but paints a bleak longer-term picture. He expects the ship of state to sink like the Titanic, with precious metals holdings and other “things” the only safety nets on board. Not one to whitewash his opinions, Bob seems to be right more often than not but also freely admits it when he makes mistakes. As he puts it, “When my theories don't match the facts, I revise my theories.” We conducted the interview over a week ago and all of his predictions seem to be coming true. So far.Read full article... Read full article...
Saturday, November 08, 2008
Greenspan and the Gold Standard: Thinking Out Loud / Commodities / Gold & Silver
I wish some Congressman would have had the courage to ask Greenspan why he abandoned his principles he so eloquently (and correctly) wrote about in 1966 before becoming a government sell out like the rest of them (rather than Grandstanding, but nothing new with that).Read full article... Read full article...
Saturday, November 08, 2008
Nationalization of Natural Resources is Theft of Private Property / Commodities / Nationalization
For years, the Canadian operator of a huge Venezuelan gold project known as Las Cristinas has been seeking an environmental permit to start digging. Well, Crystallex International Corporation can stop waiting--the mine is being nationalized as part of dictator Hugo Chavez's long-running program of socialist takeovers. “This mine will be seized and managed by a state administration” with help from the Russians, said Mining Minister Rodolfo Sanz.Read full article... Read full article...
Friday, November 07, 2008
Gold Set to Break Lower / Commodities / Gold & Silver
The streetTRACKS Gold ETF (NYSE: GLD) pattern offers an inverted view of the PowerShares DB Gold Double Short ETN (AMEX: DZZ) and shows the bearish coil pattern at the low end of the Sept-Oct downmove, which should resolve to the downside after the conclusion of the sideways pattern. I am establishing an initial model portfolio position this morning in case the coil is complete here, and will add to the short (DZZ) position if gold (GLD) climbs towards the 74.00 area and 36.80 in the DZZ.Read full article... Read full article...
Friday, November 07, 2008
Crude Oil Crashes to New Lows, Where is the Bottom? / Commodities / Crude Oil
I'm sure as a trader you've heard the expression, the "trend is your friend." That was never more true than today as crude oil (NYMEX_CL) crashed to new lows and the stock market resumed its downward trend.Read full article... Read full article...
Friday, November 07, 2008
Investors "Accumulating Gold" as Recession Hits / Commodities / Gold & Silver
SPOT GOLD PRICES held steady again early Friday, recording an AM Gold Fix in London of $745 an ounce and standing 1.5%, 3.6% and 0.7% higher from the end of last week against the Dollar, Sterling and Euros respectively."We are now at a lower range," said William Kwan, head of bullion trading at Gold Capital Management in Singapore, to Reuters earlier.
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Friday, November 07, 2008
Commodities Supply Destruction / Commodities / Metals & Mining
[ Editor's note : The following article was sent to subscribers in September. The intent was to remind readers what to look for in the various metals sectors in terms of supply going forward. Balance will return to the market not just from eventual demand increases but also (and perhaps mainly) from supply cut backs. We chose zinc to focus on as it has the largest percentage of uneconomic operations at current prices. For reasons we go into in the article, we expect a quicker supply response then in past cycles.Read full article... Read full article...
Friday, November 07, 2008
Is Gold Decoupling from Crashing Stock and Commodity Markets? / Commodities / Gold & Silver
Gold continues to consolidate between $700/oz and $760/oz and looks set to rechallenge $800/oz in the coming days as safe haven buying reemerges on continuing concerns regarding the global financial system and economy.Gold was down marginally yesterday (some 1%). It surged after the Bank of England's massive interest rate cut of 150 bps but more counterintuitive trading was seen as gold was aggressively sold by US investment banks on the COMEX who did not appear to want to see gold surging above $760/oz and aggressively defended this position.
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Friday, November 07, 2008
Rick Rule on Commodities: Be Prudent, Study Hard, and Take Advantage of Volatility / Commodities / Resources Investing
Investor Rick Rule, founder of Global Resource Investments, is legendary in the mining, energy, and exploration business. In this edited transcript from a presentation for clients, Rule shares his thoughts on the current situation. Rick founded GRI in the late 1970s, in middle of a commodities price boom, and led it though the subsequent recession of the early 1980s and all the economic ups and downs since then. The excerpt below, edited for length and clarity, focuses on his outlook for commodities.
. . . I expect the outlook for commodities to be good relative to other sectors, and I think in certain instances. . we're going to see this year. . .some extraordinary opportunities.
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Thursday, November 06, 2008
Gold Steady as UK Slashes Interest Rates to 57-Year Low / Commodities / Gold & Silver
THE SPOT MARKET PRICE of Gold held steady in London on Thursday morning, trading just shy of $745 per ounce as world stock markets sank to a one-week low and UK interest rates were slashed to their cheapest level in more than five decades."The bears are back in full control," says Walter de Wet at Standard Bank in Johannesburg, "after bulls across the globe realized that current economic problems cannot be voted away.
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Thursday, November 06, 2008
Gold Retraces Following Post Election Profit Taking / Commodities / Gold & Silver
Gold gave up some of the Election Day gains yesterday on profit taking due to sharply lower oil (WTI $Dec down $5.23 to $65.30) and commodity prices ( the CRB Commodities Index fell 10.25 to 267.97) on fears of significant demand destruction due to a protracted global recession. Silver was the exception and was more robust and continued to rise after the previous day's sharp gains.Read full article... Read full article...
Wednesday, November 05, 2008
Gold Choppy as Investors Review the Obama Bounce / Commodities / Gold & Silver
THE PRICE OF GOLD slipped back from an overnight high of $769 per ounce in London on Wednesday, while European stock markets reversed one-third of Tuesday's "Obama Bounce" after the president-elect's US landslide was confirmed.The UK's FTSE100 index lost 1.3% on new data showing the manufacturing sector suffering its worst contraction since 1980.
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Wednesday, November 05, 2008
Brien Lundin: Is Gold Holding a Wild Card? / Commodities / Gold & Silver
As difficult as it may be for precious metals investors to sit on their hands, that may be the best “action” for surviving this hazardous transition from deflationary to inflationary times. In this exclusive interview with The Gold Report, Gold Newsletter Editor Brien Lundin explains why it is absolutely inevitable that inflation will trigger a rise in gold and hints that a December “surprise” could end the waiting game. While his advice is to let this round of deleveraging and deflation end before making any serious plays, he names a few bargains that stand out even in a downturn.Read full article... Read full article...
Wednesday, November 05, 2008
President Obama Inherits Great Challenge akin to Carter and Roosevelt / Commodities / Gold & Silver
Gold and silver both surged some 4% yesterday from oversold levels as the dollar weakened and oil surged. We said some weeks ago that the recent sell off in precious metals was likely to end around election day and believe that this has indeed happened and that gold will resume its secular bull market in the coming weeks. Important elections often see markets reverse course and witness trend reversals and this is one of the most momentous election victories in US history.Read full article... Read full article...
Tuesday, November 04, 2008
Crude Oil Turns Bullish / Commodities / Crude Oil
Let's notice the rounded bottom in the U.S. Oil Fund ETF (AMEX: USO), carved out since Oct 21, and though it represents a relatively minor base pattern, it should propel the USO into the 60.00-62.00 area in the upcoming days. Only a sudden downside reversal and plunge beneath 52.00 will wreck the developing pattern.Read full article... Read full article...