Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, August 05, 2008
Gold Heads for Traditional August Seasonal Low / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $899.20, down $9.10 and silver was down 37 cents to $17.13. Gold continued to sell off in Asia and in early European trading.Gold has sold off on oil's steep falls and with sharp falls in many other commodity markets. The CRB Reuters Jefferies Commodity Index was down 3% yesterday, its largest one day sell off since last March (cocoa, natural gas and sugar were down sharply) and falling oil prices and a firmer dollar (back to 1.55 against the Euro) has led to gold's sell off.
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Monday, August 04, 2008
Commodities Coup: Moscow Seizes Control of Agricultural Exports / Commodities / Agricultural Commodities
By: Money_Morning
Jason Simpkins writes: Russia has generated considerable political ill will throughout the former Soviet Union and even in Europe by renationalizing its energy sector – ultimately using such state-run ventures as OAO Gazprom and its resource-rich position as weapons of economic diplomacy. Read full article... Read full article...
Monday, August 04, 2008
Commodities Purge Offers Long-Term Investment Opportunity / Commodities / Resources Investing
By: Frank_Holmes
Are we at the end of the commodity bull market or does this battered sector offer an attractive buying opportunity?
That's the question on the minds of everyone trying to navigate one of the most complex and volatile markets we've seen in years. The continuing economic slowdown (particularly at home and in other G-7 countries), combined with more than a year of bleak news from the financial sector, has left investors dazed and desperate.
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Monday, August 04, 2008
Gold Buying Opportunity on Investment and Transfer of Capital Fundamentals / Commodities / Gold & Silver
By: Chris_Vermeulen
The Secular Bull Market in Gold Investments corresponds directly to the Secular Bear Market in Financials. We explain why this trend will continue and why a short-term buying opportunity in Gold presents itself. Central Banks are in all sorts of a pickle.
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Monday, August 04, 2008
Gold Falls Ahead of Central Bankers Interest Rate Decisions / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD fell 1% from a three-session high early in London on Monday, dropping below $906 per ounce ahead of a busy week for central-bank decisions on interest rates.Asian stocks slipped 1.5% on average as the US Dollar held steady on the forex market.
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Sunday, August 03, 2008
Gold and Silver Outlook Remains Bearish / Commodities / Gold & Silver
By: Merv_Burak
Zig, zag, but more zag than zig. Very strong support at the $850 level and that may be where gold is headed. Will it hold there? Most commentators suggest that a new bull move is eminent. That is not yet in the charts so we'll have to just keep on watching.
GOLD : LONG TERM
There has been no major reversal of long term type movement in the price of gold lately so no need for a long term chart yet. One can go back to the last long term P&F chart in the 18 July 2008 commentary and what we have since is a down direction of O's finishing below the up trend line but not yet going below two previous lows.
Saturday, August 02, 2008
Commodities Broad Consolidation Underway / Commodities / CRB Index
By: Donald_W_Dony
KEY POINTS:• Short-term weakness in August for CRB; upward pressure back by September; 400 to 420 main support zone in consolidation
• Broad, flat trading pattern potentially building; increased caution needed over the next two to three months
• Range-bound trading continues for oil above $120 support level this month; peak price remains at $141 to $147 for 2008
• Natural gas finds support at $9.00; target back to $14 by 4th quarter
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Friday, August 01, 2008
Get Ready for the Next Up Leg in Crude Oil / Commodities / Crude Oil
By: Money_and_Markets
Sean Brodrick writes: Oil has pulled back from its highs, and now analysts are lining up to say the top is in. I've been saying all along that volatility is the name of the game in oil this year. Let me tell you now that I think oil could go lower in the short term — maybe to $110 a barrel, $100 if we're really lucky. Then, hold on to your socks, because we're probably seeing the set-up for oil's next HUGE rally.
Why do I think crude oil may have some more work to do on the downside? Nothing goes up in a straight line, and crude's run has been phenomenal — it was trading at just $78 a barrel a year ago. A short-term pullback is a normal and necessary part of any bull market, and crude is no different.
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Friday, August 01, 2008
Crude Oil Unable to Follow Through to the Upside / Commodities / Crude Oil
By: Mike_Paulenoff
Fits of volatility can come from 1) energy...2) financials...3) Gov't data... 4) geopolitics... take your pick, but just hope that we are not positioned opposite of the directional spike! Let's have a look at crude oil...
I do not know what to make of the enclosed hourly chart of oil, which shows this morning's spike from $122.10 to $128.60 (+5%) in a matter of minutes! The really interesting aspect of the price action, through, is its inability to follow through to the upside after hurdling yesterday's spike high at $127.89.
Friday, August 01, 2008
Base Metals Bull Markets Impacted by LME Stockpiles / Commodities / Metals & Mining
By: Zeal_LLC
When the base metals bulls began in 2003, few could fathom the wild ride ahead. Fundamentals indeed supported steadily rising prices, but the massive parabolas that unfolded between 2005 and 2007 were amazing to behold. From trough to peak copper, zinc, nickel, lead, and aluminum skyrocketed 475%, 523%, 650%, 829%, and 137% respectively.
This rise of the base metals not only represented yet another powerful breakout within the commodities sector, but a universal acceptance that a global secular commodities bull was upon us. With oil and gold already paving the way, the economic imbalances unfolding in the indispensable metals used in the production of everything structural and mechanical was eye-opening.
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Friday, August 01, 2008
What Inflated the Commodities Bubble? / Commodities / CRB Index
By: Salman_Khan
Crude Oil has corrected over 15% from the top. Gold, Silver, Copper, Wheat and other commodities too have retreated from their respective highs. The heavy selling witnessed in last few days, has raised concerns that the air is leaking from the Commodity bubble and that a multiyear bull market might end soon. It has been pretty well established of late, that the commodity market has been exhibiting many of the characteristics of a bubble. Thus, we may be very well at the beginning of a bursting asset bubble. Read full article... Read full article...
Friday, August 01, 2008
Gold and South African Gold Miners Tumble on Rising Costs / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD fell into the New York open on Friday, beginning August almost 4.5% below July's start despite news that US unemployment just rose to a four-year high."Everything is down this morning as margin calls bite," says Mitsui in its Gold Market note today – "equities, the Euro, the oil price and precious metals.
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Friday, August 01, 2008
Gold Surges on Greenspan's Once In a Century Crisis Warning / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $913.70, up $10.70 and silver was up 37 cents to $17.72 . Gold surged on the COMEX open after initial jobless claims rose sharply to their highest level in 5 years. Gold subsequently gradually sold off and the slow sell off continued in electronic trading and in Asian and early European trading. Read full article... Read full article...
Thursday, July 31, 2008
Gold Gains on US Stagflationary Economic Slowdown / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES added to an overnight bounce at the New York opening on Thursday, rising above $915 per ounce on news of sharply higher US inflation and a slowing economy.Gold had earlier recorded an AM Fix here in London of $912 per ounce – more than 2.1% above yesterday's five-week low – as crude oil slipped and the US Dollar held steady on the forex market ahead of today's data.
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Thursday, July 31, 2008
Gold Hit by Bear Raid, Despite Real Inflation at 10% / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $903.00, down $14.00 but silver was up 5 cents to $17.35 . After sharp falls in early trading in the COMEX yesterday (some of which was due to large stop loss sell orders being triggered around the $900 mark) gold rose to close only down some 1.5% on the day. Silver in similar volatile trading surged from interday lows to close higher. The rally continued in electronic trading and in Asian and early European trading.Read full article... Read full article...
Wednesday, July 30, 2008
Gold Stocks Head for Final Bottom Before Huge Rally / Commodities / Gold & Silver Stocks
By: Michael_Swanson
I believe the next few days are going to be key days for gold stocks just as May was a key time for the S&P 500 and the broad market. If you were following me then you'll know that I took short positions against the general market back in May. However I did not short at the exact top. In fact I got in a little early and let the S&P 500 go up a percent above my entry point. I was convinced when I got in that the market was about to make a critical top - one that would last for the rest of the year - but I wasn't sure at the exact price or moment that it would come. I was only certain that it was coming within a week, so I decided to just start to build a position. Of course it worked fantastic as the market has fallen apart since then. Read full article... Read full article...
Wednesday, July 30, 2008
Gold Slumps Towards $900 / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD sank to a one-month low early in London on Wednesday, dropping 2% from Tuesday morning before bouncing off $905.25 per ounce.Crude oil ticked 20¢ higher per barrel, meantime, but base metal prices also fell, dragging the major commodity indexes lower.
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Wednesday, July 30, 2008
Gold Slumps- Its Like Trying to Catch a Falling Knife! / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $91.00, down $10.70 and silver was down 10cents to $17.30. Gold rose slightly in Asian trading before falling. It is down again in early trading in Europe .Slightly lower oil prices after yesterday's sharp falls are contributing to gold's further correction.
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Wednesday, July 30, 2008
Battle for Strategic Control of Zimbabwe's Rich Mineral Treasures / Commodities / Metals & Mining
By: F_William_Engdahl
Robert Mugabe, the President of Zimbabwe, presides over one of the world's richest minerals treasures, the Great Dyke region, which cuts a geological swath across the entire land from northeast to southwest. The real background to the pious concerns of the Bush Administration for human rights in Zimbabwe in the past several years is not Mugabe's possible election fraud or his expropriation of white settler farms. It is the fact that Mr. Mugabe has been quietly doing business, a lot of it, with the one country which has virtually unlimited need of strategic raw materials Zimbabwe can provide— China . Mugabe's Zimbabwe is, along with Sudan, on the central stage of the new war over control of strategic minerals of Africa between Washington and Beijing, with Moscow playing a supporting role in the drama. The stakes are huge. Read full article... Read full article...
Tuesday, July 29, 2008
Gold Holds as Governments Scramble to Revive Mortgage Markets / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD continued to hold in their tightest range for three months early Tuesday, slipping 1.1% in thin trade from an overnight high of $933 per ounce.World stock markets fell yet again, losing 1.8% on the MSCI index of Asian-Pacific equities after Wall Street closed Monday more than 2% lower.
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