Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, September 26, 2007
GOLD THOUGHTS - Gold To Correct Lower and US Dollar to Bounce from Oversold State / Commodities / Gold & Silver
By: Ned_W_Schmidt
Bailout Ben Bernanke, Chairman of U.S. Federal Reserve, last week demonstrated the intellectual bankruptcy at that institution. No broad based economic need for a 50 basis point interest rate cut was evident. Only purpose of rate cut was to aid investment banks and mortgage brokers. Further, that interest rate cut is now politically impossible to reverse without a crisis in the value of U.S. dollar.Read full article... Read full article...
Wednesday, September 26, 2007
Gold Holds Steady as ETF Demand Increases / Commodities / Gold & Silver
By: Gold_Investments
GoldGold traded sideways again yesterday and spot gold ended the trading day in New York down 30 cents to $730.80.
In overnight trading in Asia and Europe gold has again traded sideways and to $730.50/731.00 per ounce as at 1200 GMT.
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Wednesday, September 26, 2007
Gold Dips in London But Extends Record Run Above $700 Per Ounce / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped back from a two-day high early Wednesday, dipping to record $730.55 at the Morning Fix in London, 1.3% below the new 27-year high hit last Friday.
The Gold Market still racked up its 13th consecutive day above the $700 mark, however.
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Tuesday, September 25, 2007
Gold Is Still 33% Below its Inflation Adjusted 1980 Peak / Commodities / Gold & Silver
By: Gold_Investments
GoldGold traded sideways yesterday and spot gold ended the trading day in New York up 10 cents to $731.10.
In overnight trading in Asia and Europe gold has sold off and is down some 1% to $727.50/728.00 per ounce as of 1200 GMT.
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Tuesday, September 25, 2007
Gold Drops to Three-Session Low as Stock Markets Sag; Dollar Still "Very Weak" Ahead of US Housing Data / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped 0.9% to a three-session low of $724 per ounce Tuesday morning in London , while European stock markets dropped 1.2% and Wall Street futures pointed lower.Read full article... Read full article...
Monday, September 24, 2007
Correction in Gold / Commodities / Gold & Silver
By: Mike_Paulenoff
As we speak, the streetTRACKS Gold Shares (NYSE: GLD) is pressing to the downside again its Aug-Sep support line (72.00), which if violated and sustained should trigger downside follow-through to 71.00 at a minimum and possibly 70.00 thereafter prior to the emergence of new buying interest. I am on the sidelines in the GLD until this correction runs its course.Read full article... Read full article...
Monday, September 24, 2007
Gold Starts the Week 3.4% Higher; "Dramatic Fall in Demand Not Expected" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked up to $736 per ounce by lunchtime in London after opening 3.4% higher from last Monday's start and gaining 1.5% for European investors from this time last week.Read full article... Read full article...
Monday, September 24, 2007
Gold Remains at Record 27 Year Highs / Commodities / Gold & Silver
By: Gold_Investments
GoldGold continued to rise Monday after last week's 3% increase.
Gold was up to $734.50/735.00 per ounce against $731.50 in late New York trade on Friday.
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Sunday, September 23, 2007
Gold Momentum Divergence Trend Warning - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Staying with the trend can be profitable but is it time for the trend to end?
GOLD
Everybody's getting all excited because we are hitting new 27 year highs so I thought I'd show you what all the excitement is about. For technicians things are really getting hot. We have all sorts of projections based upon short, intermediate and long term charts, many of these projections you have read in these commentaries. What about the very long term, you might ask. You have heard about the $1600 projection but where does it come from? Well, here we have the very long term P&F chart that gets us there and possibly beyond.
Sunday, September 23, 2007
Gold and Silver Analysis - Precious Points: Is This the Big One? / Commodities / Gold & Silver
By: Joe_Nicholson
“A new attempt at $725 is entirely likely given the expectations for next week, but losing the psychologically important 7-handle is also a realistic possibility. A move of the 5-week moving average above $700 for the first time in this entire bull market would be a more convincing indication of the sustainability of the current move. The next move in silver could be in either direction, but … recent action has been encouraging. There's no lack of reasons to be cautious at these lofty levels… far from a call to sell gold and silver, it is a call for caution”. ~Precious Points: Old Number 7 , September 15, 2007Read full article... Read full article...
Saturday, September 22, 2007
Gold's Positive Climate - Some Key Features Have Changed / Commodities / Gold & Silver
By: Julian_DW_Phillips
Liquidity relief coming from the U.S, the U.K and European Central Banks to the banking system, is still struggling to unfreeze the system, simply because it is cash and not an underwriting of dubious investments. Some read the drop in interest rates in the U.S. will bring instant relief to the driver of the U.S. economy, the besieged U.S. consumer, but no such thing will happen until rates are much lower still and confidence restored. Why? Read full article... Read full article...
Saturday, September 22, 2007
The Breakout in the Gold Price / Commodities / Gold & Silver
By: Mario_Innecco
Yesterday (Friday, September 21st, 2007) the gold price for physical purchase was fixed at $737.00 per troy ounce in the London P.M. session. The gold price is fixed twice a day in London. The A.M. fixing is done from 10:30 onwards and the P.M. fixing is done from 15:00 onwards. The reason why we are looking at the P.M. fixing is that during this period the major financial markets of Europe and the United States are open so this fixing price is very representative of physical demand for gold bullion.Read full article... Read full article...
Friday, September 21, 2007
How to Buy Gold - Online Gold Bullion Investing / Commodities / Gold & Silver
By: Nadeem_Walayat
This week US interest rates were cut by 0.5% as a direct consequence of the credit crunch. This sparked a sell off in the US dollar to new lows not only against other currencies but also sent commodity prices soaring, including a soaring Gold price hitting a 27 year high.
Russian and Chinese governments together with private investors are all buying gold bullion in strength as the credit crunch shows the inherent weakness in the world governments monetary policies, which may be about to ignite hyper-inflation. Owning physical gold is fast returning as the favoured way to secure wealth against the rising tide of fiscal irresponsibility as governments continue to devalue their currencies by printing money, as evident of soaring money supplies in the range of 12% to 20% per annum.
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Friday, September 21, 2007
Gold Bull Market - The Best is Yet to Come ! / Commodities / Gold & Silver
By: Aden_Forecast
THIS IS IT!
All of the pieces have fallen into place.
Gold was near a 27 year high, oil was at a record high, stocks in the U.S. and globally remained bullish, the currencies were strong and the U.S. dollar was near a record low. The Fed then lowered the Fed Funds and Discount rates by a half percent on Tuesday, which triggered or reinforced strong breakouts in these markets, leaving no question that the major market trends are solid and strong.
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Friday, September 21, 2007
Gold is Still Cheap in Real-terms - Real Gold Highs 2 / Commodities / Gold & Silver
By: Zeal_LLC
Holy cow! How about that gold price this week? With the Ancient Metal of Kings powering to awesome new bull-to-date highs, gold traders are rejoicing. The Bernanke Fed's reckless decision on Tuesday to shove the ailing US dollar off a cliff has really ignited a fire under international gold investment demand.
$725+ gold is indeed remarkable to behold. It is a great blessing for us battle-hardened contrarians who were buying gold back in 2001 in the sub-$300 range when even mentioning “gold” in public triggered endless ridicule. Vindication, especially since it has been accompanied by legendary profits and rapidly multiplying wealth, has never been sweeter.
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Friday, September 21, 2007
How High Will Gold Climb? / Commodities / Gold & Silver
By: David_Vaughn
Well, what do the doom sayers say now? Any idiot, yes idiot, can recognize gold is settling above 700 an ounce. I have no idea in the short term where gold is headed, but I do feel that 700 is becoming the established floor price for gold.
Friday, September 21, 2007
Gold Hits Highest Price Since Jan 1980 as Dollar Continues its Crash Lower / Commodities / Gold & Silver
By: Gold_Investments
GoldGold continued it's recent surge on Thursday and rose a further 1.5%.
Gold futures for December delivery rose $10.40, or 1.4%, to $739.90 an ounce which is a new 27 year high.
Earlier gold rose to $746.50, the highest for a most-active contract since Jan. 22, 1980, the day after the metal reached a record $873 an ounce.
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Friday, September 21, 2007
Gold Market Just "One Day Away" from All-Time Record High on Recession & Inflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to record new 27-year highs early Friday, rising within a few cents of $740 per ounce and reaching the highest London Fix since 22nd Jan. 1980 – one day after gold hit its all-time Dollar top of $850 per ounce.
"External news such as the sub-prime crisis as well as the banking sector have all had a positive impact on the yellow metal price," said Jessica Cross, CEO of the Virtual Metals consultancy, on South African radio last night.
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Friday, September 21, 2007
Remember Crude Oil? / Commodities / Crude Oil
By: Regent_Markets
There have been many activities missed by headlines writers over the last week due to the focus on the banking crisis.On any other week the rise in the price of oil would be top of the headlines says Betonmarkets.com's Michael Wright. Oil prices reached record highs for the seventh straight session last Wednesday after refineries in California and Texas said they had new outages and the government reported surprisingly large declines in oil inventories.Read full article... Read full article...
Thursday, September 20, 2007
New Upleg for Natural Gas? / Commodities / Natural Gas
By: Mike_Paulenoff
The U.S. Natural Gas Fund (AMEX:: UNG) corrected right to the top of its initial upmove (37.40) from early September, at which point it pivoted to the upside in what looks like the start of a new upleg. As long as today's low at 37.40 contains any forthcoming downside volatility, my preferred scenario calls for the emergency of a powerful upleg that tests the June-Sept resistance lines, now just shy of 44.Read full article... Read full article...