Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, February 21, 2008
Access to Water of Paramount Importance for Mining Operations / Commodities / Metals & Mining
Careful about Moving to Nevada - I have one thread that basically sums up the title for the introduction so please read before continuing further into the article: http://www.physorg.com/news122050436.html . Access to water is essential for mining and nuclear power plants and if Lake Mead continues to decline in volume, the Hoover dam will become a modern day Pyramid…a derelict of the past that had a purpose only to be viewed as a monument of the technical savvy of those that went before them. This event could affect millions of people, so as an aside, avoid purchasing real estate in Vegas because it likely is entering a long-term bear market.Read full article... Read full article...
Thursday, February 21, 2008
Seven Top Natural Resource Stocks to Invest In! / Commodities / Resources Investing
Larry Edelson writes: Today I'm going to review seven of my favorite Asian natural resource stocks, which I believe are in bargain territory right now.
But first, a recap is in order. Last week I told you how the U.S. economy was melting down and headed toward a bad case of withdrawal from its debt-addicted lifestyle of the last two decades.
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Thursday, February 21, 2008
Gold Surges to New Highs as Crude Oil Breaks Above $100 / Commodities / Gold & Silver
THE PRICE OF PHYSICAL GOLD BULLION gained almost 1% at the London opening on Thursday, taking the metal 3.6% higher from yesterday's low to a new record high above $948 per ounce."The second successive [ US crude oil] close above $100 a barrel and a higher-than-expected US inflation outcome were the triggers for a move to a new all-time high," believes John Reade at UBS.
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Thursday, February 21, 2008
Consumer Price Inflation (CPI) Jumps to 4.4%- Stagflation Bullish for Gold / Commodities / Gold & Silver
Gold rose $7.80 to $9 34.6 0 per ounce in trading in New York yesterday and silver was up 22 cents to $17.72 per ounce. Gold and silver continued to rise in Asia and early trading in Europe and gold reached new record highs just below $950 at $949.60 per ounce and silver has surged over $18 per ounce.Gold also surged to new record highs in British pounds and in Euros. The London PM Fix at 1500 GMT yesterday afternoon was at $920. Gold fixed at new record highs at £474.37 and €627.90.
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Thursday, February 21, 2008
Uranium Stocks Await Breakout From Consolidation Area / Commodities / Uranium
The Index close was on the up side again but almost everything else was telling me the market was more down than up. The potential topping activity is still evident on the chart. Although the close was on the plus side the daily high and daily low were both lower than yesterday's values. Although I have drawn a resistance line from the top of the mid-Jan activity maybe the early Feb highs are really the resistance, at least they are so far.Read full article... Read full article...
Wednesday, February 20, 2008
US $2 Trillion Bailout- Monetary Inflation to Send Gold Soaring / Commodities / Credit Crisis 2008
Like a whirlwind, the crisis triggered by the housing crisis and mortgage debacle has extended to almost every phase of the landscape in US economic and financial life. And the rookies running the US Federal Reserve initially said the problem would be contained. My claim made in late June 2007 (see article, click here ) was that it involved absolute contagion to the system, which is what we see vividly now. Let's review some high level stresses in several arenas, examine the response potentials, and check on the gold and US Dollar impact. One should note, the gold & silver prices will soon demonstrate strong independence from the US Dollar Just like in 2005, gold can rise even with some bounce in the buck. Unlike 2005 though, the buck is likely not to make much in the way of advances.Read full article... Read full article...
Wednesday, February 20, 2008
Uranium Stocks Hit Bottom - Time to Buy? / Commodities / Uranium
Over the past six months Uranium stocks had fallen completely off the radar. It had been months since I last wrote about them in my newsletter. Such can occur when a major peak develops and devastating declines ensue. The combination of the subprime mortgage meltdown and ensuing credit crisis combined with a rapid 40% decline in the spot uranium price inflicted collateral damage on the entire sector. Only a few stocks were able to avoid more than a 50% decline. However, over the past few weeks selling pressure has finally abated and given way to classic bottoming patterns in many of the uranium stocks. Last week's action was especially encouraging as many stocks rebounded on rising volume from successfully tested bottom points.Read full article... Read full article...
Wednesday, February 20, 2008
Gold New High Vs British Pound as Money Supply Growths Triggering Inflation Concerns / Commodities / Gold & Silver
GOLD FOR IMMEDIATE DELIVERY ticked 0.7% lower from last night's near-record highs early on Wednesday after recording its third highest London Fix ever.Pegged at $924.8 this morning as crude oil slipped back from $100 per barrel and world stock markets fell yet again, the Gold Price also recorded a new all-time London Fix for British investors at £475.57 per ounce.
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Wednesday, February 20, 2008
Commodities to Outperform Equities on Increasing Macroeconomic and Systemic Risk / Commodities / Gold & Silver
Gold surged $23.55 to $926.80 per ounce in trading in New York yesterday and silver surged 50 cents to $17.50 per ounce. Gold and silver have traded sideways in Asia and early trading in Europe.Gold also surged to new record highs in British pounds and in euro. The London PM Fix at 1500 GMT yesterday afternoon was at $925. Gold fixed at new record highs at £473.68 and €626.91.
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Wednesday, February 20, 2008
Gold Price Trend Remains Firm / Commodities / Gold & Silver
Gold continues to pass every stress and strength test that is thrown before it.
Well, the central banks are spreading the word that they are going to sell some of their gold. Should we be quaking in our boots and losing sleep? The International Monetary Fund has announced it will sell a small percentage of their gold in the coming months.
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Wednesday, February 20, 2008
Platinum Price Goes Ballistic; Gold to Follow? / Commodities / Gold & Silver
Natural resources markets exploded higher yesterday. Crude oil closed above the $100-a-barrel mark for the first time. And platinum's move was even more dramatic ... the price soared to a record high of $2,173!
Watching platinum has been like watching a missile take off. The metal's run-up has been nothing short of astonishing — 41% so far in 2008 and about 75% in the past 12 months!
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Wednesday, February 20, 2008
Silver Overall Trend Remains Bullish / Commodities / Gold & Silver
This is a copy of the last update on silver sent out to subscribers at the weekend. Explanatory notes are added in italics.
Here are the numbers for this week past:
London Silver Fix Price: $17.38 (+$0.43 on week)
NYMEX Spot Price: $17.06 (-$0.12)
US Dollar Index: 76.21 (-0.61)
Tuesday, February 19, 2008
Large Potential Albanian Oil and Gas Discovery Underscores Kosovo's Importance / Commodities / Energy Resources
On January 10, Swiss-based Manas Petroleum Corporation broke the news. Gustavson Associates LLC's Resource Evaluation identified large prospects of oil and gas reserves in Albania, close to Kosovo. They're in areas called blocks A, B, C, D and E, encompassing about 780,000 acres along the northwest to southeast "trending (geological) fold belt of northwestern Albania."
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Tuesday, February 19, 2008
How High Can Gold Go Before Peaking - Gold Dow Jones Ratio Important Indicator / Commodities / Gold & Silver
How about $10,000? or $1,000? Or even $100,000? - Calls for the price of gold vary, anywhere from $1,000 to $10,000 or even to $100,000. There is one true fundamental problem with all calls for the price of gold – they all ignore the future inflation environment.
For example, if a genuine Great-Depression-like deflation grips the U.S. economy, then $1,500 for the top of the gold bull market might be too high. On the other hand, if a long 1970 stagflation is in the cards, then $5,000 is too low. The point is that a call for the price of gold without a clear assumption for the macroeconomic environment is a wild and misleading shot in the dark.
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Tuesday, February 19, 2008
IMF Selling 400 Tonnes of Mexican and Brazilian Gold as its Own! / Commodities / Market Manipulation
There has been a lot of talk of late of potential sales of I.M.F. gold. The more we look at the subject, contrary to our previous view, the more likey it seems possible [not yet probable], but if it does happen, it will not happen again thereafter for solid reasons. If the sales do take place they will happen from September 2008 onwards.
It will still have to get past the U.S. Congress a most formidable and possibly insurmountable obstacle.
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Tuesday, February 19, 2008
Gold Surges as Banking Stocks Slide on Credit Market Disaster / Commodities / Gold & Silver
THE PRICE OF GOLD jumped 1.9% early Tuesday to hit a one-week high of $918.90 per ounce as European equities reversed early losses after a sharp fall in banking stocks.Credit Suisse, the second largest banking group in Switzerland , sank nearly 10% at the Zurich opening after it trebled the size of write-downs on its debt investments.
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Tuesday, February 19, 2008
Burgeoning Inflation Very Positive for Gold and Commodities / Commodities / Gold & Silver
Markets were closed in New York yesterday and the action centred on London where gold sold off initially and tested support at $900 prior to rallying strongly and this strength has continued in Asian trading with gold rising above $910 per ounce. Silver traded similarly, testing support just below $17 and then bouncing; in Asian trading silver has risen above $17.20 per ounce.Read full article... Read full article...
Monday, February 18, 2008
Merv's Non-Edibles Futures Page - Weekly Technical Information and Ratings / Commodities / Resources Investing
Merv's Non Edible Futures Indices maintains strong multi-year uptrend.Read full article... Read full article...
Monday, February 18, 2008
Gold Falls as European Stocks and Dollar Rally / Commodities / Gold & Silver
THE PRICE OF SPOT GOLD for immediate delivery gave back an overnight rally of 0.5% early Monday to trade just above $901 per ounce by lunchtime in London .Wall Street stayed closed for the Presidents Day holiday, meantime, leaving European stocks to race higher while crude oil rose further above $96 per barrel.
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Monday, February 18, 2008
Gold Trades Sideways on Slowing Economic Growth / Commodities / Gold & Silver
Gold was down $4.80 to $902.80 per ounce in trading in New York on Friday and silver was down 12 cents to $17.10 per ounce. Gold has traded sideways to slightly up in Asia and early trading in Europe.Gold rose in British pounds and fell in Euros. The London AM Fix at 1030 GMT this morning was at $905 (down from $909.75). Gold fixed at £464.03 (up from £463.97) and €618.51 (down from €619.76).
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