Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, October 18, 2007
USDA Drops an Agricultural Bombshell! / Commodities / Agricultural Commodities
Sean Brodrick writes: The USDA dropped a bombshell last week — reporting that U.S. wheat stockpiles may fall to the lowest level in 59 years! As disturbing as that is, it is 100% bullish for grain prices, especially given soaring worldwide demand for agricultural products.Read full article... Read full article...
Wednesday, October 17, 2007
Gold Cracks $750 in Advance of Coming Financial Storm! / Commodities / Gold & Silver
How about that gold price! Gold continues to awe and impress its naysayers.
The coming storm? Actually were already in it. There are so many storms on the horizon I don't know which one to address. That is why you now see gold cracking the 750 barrier. Gold is aware of these coming storms and is adjusting accordingly. Time is now moving quickly on the horizon.
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Wednesday, October 17, 2007
Is it Too Late to Buy Gold At This Price? / Commodities / Gold & Silver
Gold price relativity : What gold owners can learn from the stock bull market of the 1990s
For contemporary market analysis, history begins in the year 1971 when the dollar was detached from gold and the era of free floating gold and exchange rates began. First, we had a gold bull market which began in 1971 and lasted until roughly the 1982/85 time period. Then we had a stock bull market that began in between 1982/85 and topped in roughly 2000. The current bull market in gold began in 2000 and, if it were to follow form, could be expected to top sometime around 2015-2017.
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Wednesday, October 17, 2007
Gold Benefits from Geopolitical Risks - Turkish-Iraq Tensions / Commodities / Gold & Silver
GoldGold was up 30 cents on Tuesday in New York from $756.90 to $757.20. Since then it has traded sideways in Asian and early European trade and is up marginally to near fresh 28 year record highs at $759.20/ 759.70 at 1200 GMT.
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Wednesday, October 17, 2007
Agricultural Commodities Scenerios and Outcomes / Commodities / Agricultural Commodities
On any given trading day, for any market, there are four possible scenarios: 1. The market can open higher and close higher. (Bullish)2. The market can open higher and close lower. (Bearish)
3. The market can open lower and close lower. (Bearish)
4. The market can open lower and close higher. (Bullish)
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Tuesday, October 16, 2007
AGRI-FOOD THOUGHTS - Food and Energy Are the Most Important Consumer Products / Commodities / Agricultural Commodities
Imagine owning a company where consumers have no choice but to buy the firm's product. Consumers have no choice but to buy food. The choice is not between a new cell phone or food. Consumers buy their food first, and then consider other products. Despite the nonsense put out by economists at the Federal Reserve and other centers of misinformation, food and energy are the most important components of the consumers' spending basket.Read full article... Read full article...
Tuesday, October 16, 2007
Gold Continues to Surge to New Highs Against All Currencies / Commodities / Gold & Silver
GoldGold was up $8.80 on Monday from $748.10 to $756.90. It has rallied in Asian and early European trade to fresh 28 year record highs and was trading at $762.00/ 762.50 at 1200 GMT.
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Tuesday, October 16, 2007
Gold & Oil Rise for Fourth Day as Stocks Drop on "Carry Trade" Panic, Threat of Turkish Action in Iraq / Commodities / Gold & Silver
SPOT GOLD PRICES hit a new 27-year high for the fourth session running early on Tuesday, breaking above $767 per ounce just ahead of the London open before slipping back to $760 – the level of last night's close – by midday.Read full article... Read full article...
Monday, October 15, 2007
Gold Stocks Could Correct In One Week / Commodities / Gold & Silver
We feel that gold and gold stocks are in for a sizeable correction in the next week, possible few weeks. We have seen a massive rally in gold stocks, with the HUI rising over 40% from its August lows.Read full article... Read full article...
Monday, October 15, 2007
Gold Surges vs. All Currencies as Oil Rises & Inflation Reports Loom; Europe Attacks Washington Over "Weak Dollar" Policy / Commodities / Gold & Silver
GOLD PRICES SURGED yet again early Monday, reaching new 27-year highs against the US Dollar and breaking through €530 for European buyers – a new 17-month high.Read full article... Read full article...
Monday, October 15, 2007
Brazilian Agribusiness and Ethanol Update / Commodities / Brazil
Agribusiness is the main driver of the Brazilian economy accounting for 33% of GDP, 42% of exports, and 37% of all employment.
Agribusiness export revenues for the month of August reached $5.8 billion, representing 13% YoY growth. Sugar sales fell 17.9% in value YoY. Exports dropped 13.6% in value but rose 23.3% in volume.
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Sunday, October 14, 2007
Gold and Silver Analysis - Precious Points: Liftoff? / Commodities / Gold & Silver
“If … an ongoing correction pattern since the May 2006… proves to be the case, gold will have to plunge at least to the 50-week moving average and quite possibly lower. Hence the caution expressed in the newsletter recently. If the gains in precious metals are not corrective and in fact are already the start of a truly impulsive bullish wave, then not only will the target for the corrective wave be exceeded, we could easily see gold move over $800 and challenge nominal all time highs.Read full article... Read full article...
Sunday, October 14, 2007
Weekly Gold and Silver Technical Analysis Report - 14th Oct 07- Technically Precious with Merv / Commodities / Gold & Silver
Gold moved into new highs this week but not with any amount of enthusiasm. 15,312,000 ounces of gold sold short. Is that true? Boy, if someone had to cover that short there would be an upside explosion. But that's only dreaming, I think.
GOLD OPEN INTEREST
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Sunday, October 14, 2007
Germany and other European Central Banks Not To Sell Gold During 2008 and 2009 / Commodities / Gold & Silver
Some prominent commentators on the gold market are giving the impression that Germany and possibly Italy, will eventually be sellers of their gold, although not in 2008, even stating that the Bundesbank is 'not opposed to such sales', but simply need to agree the purpose for which the proceeds will be used. These commentators even say, that German gold sales will eventually begin. We could not disagree more strongly!Read full article... Read full article...
Saturday, October 13, 2007
Commodities Surge as Crack-Up Boom Gathers Pace / Commodities / CRB Index
GoldGold surged $11.50 in New York yesterday, from $739.80 to $751.30. It was sold off subsequently in the illiquid New York Access Market and has traded sideways in Asian and early European trade.
Gold was trading at $748.410/ 748.60 at 1200 GMT.
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Friday, October 12, 2007
Red Hot Inflation Now Baked in the Crust As Investors Pile Into Commodities / Commodities / Inflation
"...Wall Street and the City are suddenly piling into the commodity markets. Expect a side-order of '70s style inflation to hit your dinner table as a result..."
DIG OUT YOUR BELL-BOTTOMS and dust off your Doobie Brothers albums! This is where inflation stops hiding behind the official CPI data...and starts eating your cash savings and income alive.
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Friday, October 12, 2007
Wheat and Inflation Expectations As Wheat Bull Market Soars to $9 / Commodities / Agricultural Commodities
With gold challenging $750 and oil quite comfortable north of $80, this young autumn trading season has already proven exceedingly exciting and profitable for commodities investors. But for students of the markets, today's price levels in the metals and energy complex are certainly not surprising. Over six years ago the fundamentals already pointed to an inevitable worldwide commodities boom.Read full article... Read full article...
Friday, October 12, 2007
Gold Nears 7th Weekly Gain in Eight as Stock Markets Fall; Commodities Rise on Turkey-US Tensions, New Russian Wheat Tariff / Commodities / Gold & Silver
THE SPOT GOLD MARKET held in a one-dollar range either side of last night's US close on Friday morning, heading for the seventh weekly gain in eight above $747.50 per ounce.Read full article... Read full article...
Friday, October 12, 2007
Consumer Price Inflation Has Finally Arrived and Gold Will Have Its Day In the Sun Yet / Commodities / Inflation
Not a day goes by without another financial institution getting bailed out.Let's see, we have Countrywide Financial, German IKB and now the UK based Northern Rock.
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Thursday, October 11, 2007
Gold and Silver Short Term Forecast - Ending Diagonal Patterns / Commodities / Elliott Wave Theory
The price action for Gold and Silver appears as possible ending diagonal patterns, indicating that a sharp pullback is possible. We were also following ending diagonal patterns for the DOW and SPX, which completed on Oct 11th (today). When ending diagonals complete they are followed by a sharp decline to the starting point of the pattern. The starting point is at the wave (4) low on the Gold and Silver charts below.Read full article... Read full article...