Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, June 14, 2007
Gold Bull Market Buy the Dips and Crude Oil About to Breakout / Commodities / Gold & Silver
“Ye got yer good news, and ye got yer bad news”
The bad news is that some of you were influenced by the ‘gold bears' who are forever looking at the ‘half-full' glass and calling it ‘half-empty'. You either sold during the past few days, or you allowed these bears to rob you of some good sound sleep!
Will these gold bears ever learn this simple trading rule: WHEN THE 200 DAY MOVING AVERAGE IS RISING, EVERY DIP TOWARDS, OR EVEN BELOW IT, IS AN OPPORTUNITY TO BUY!
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Wednesday, June 13, 2007
Sell Gold or use it as a Monetary Asset? / Commodities / Gold & Silver
Spain's sales of gold
The Bank of Spain's recent gold sales are part of a strategy to shift its reserves into more profitable fixed-income instruments, Spanish Finance Minister Pedro Solbes said last week. Anyone with a modicum of knowledge of finance gasped at the sheer ignorance of the words.
Wednesday, June 13, 2007
Downward Pressure Increases for Gold Stocks Over the Summer / Commodities / Gold & Silver Stocks
There will be a time when gold and silver stocks shine in performance, but that time is definitely not now. After over 12 months of flat performance, investors will have to endure at lest another 6-8 weeks of weakness.Read full article... Read full article...
Wednesday, June 13, 2007
US Dollar is SInking - Wake Up Call for Gold Investment Era / Commodities / Gold & Silver
It continues to amaze me how many people still do not get it. Their eyes are merely focused on the barometer, gold, and not the real culprit, the US dollar. And what presently is occurring with the ole' dollar? “The U.S. dollar is sinking.” Click
And do you witnessing gold crashing through 600? Gold may battle within these ranges for a year or so, but long term the momentum is still there and building power and steam.
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Wednesday, June 13, 2007
GOLD THOUGHTS - Shock of Rising Interest Rates Presents Gold Buying Opportunity / Commodities / Gold & Silver
Reality can truly be a shocking experience. For more than a year, paper equity markets have been deluded into thinking interest rates would decline. Suddenly, looking around the world the discovery was made that interest rates in most countries were rising or were going to rise. Decades ago, the U.S. set domestic interest rates. Today, interest rates are controlled by global investors.Read full article... Read full article...
Wednesday, June 13, 2007
Interest Rates and the Gold Price / Commodities / Gold & Silver
We have recently seen long term bond yields climb quickly through key technical levels. On the 8th of June the U.S. 30 year bond yield climbed through 5.30% and the 10 year bond yield reached 5.24%. The 10 year yield was below 4.90% just a couple of weeks ago and today we have seen bond prices drop lower and the all-important 10 year yield shot through the 5.25% and touched 5.28%! The break of the 5% level was psychologically important and on a technical basis we have seen the 10 year yield break through the upper part of a long term downward trend channel and consequently confirming that the low yield of around 3.10% we saw in 2003 marked the top (in terms of prices) of the bond bull market that started in 1981.Read full article... Read full article...
Wednesday, June 13, 2007
Three Triggers for Higher Crude Oil Prices / Commodities / Crude Oil
Sean Brodrick writes : After hitting a nine-month high last week, oil took a shellacking. I guess that means we can all breathe easier and go out and buy HUMMER H3s, right? Not so fast!
Gasoline prices are already 27 cents per gallon higher than they were a year ago, and there is plenty of evidence that they're smoking on the launch pad.
What could be the driving force behind oil's next surge? I can't be sure. That's the challenge — we never know exactly what the oil market will throw at us.
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Tuesday, June 12, 2007
The Greenspan Experiement and Gold / Commodities / Gold & Silver
Apparently that's what we are unfortunately destined to continue living in, the Frankenstein economy he largely created during his tenure at the Fed, and continues to influence to this day. To this, whether intentional or not, and like his most famous irrational exuberance warning from 1996, his comments have the effect of getting people to react, which in the end is to the Fed's benefit. That is to say, if more people run out over the next couple of days and short the stock markets around the world because of this most recent warning on Chinese stocks , then the Fed's mandate will be aided considerably with the floor that will put under prices, that being the maintenance of price stability. So you see, this is just Al the egomaniac extending his influence throughout the world, along with that of the Fed, and the US effectively of course.
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Tuesday, June 12, 2007
Carbon Traders Attracted to China’s Vast Methane Reserves / Commodities / Natural Gas
Carbon traders are utilizing the Kyoto Protocol's clause on 'certified emission reduction' credits to capitalize on China's vast coalbed methane reserves. The Asian director of Fortis' carbon trading desk calls China's methane 'easy pickings.' For every tonne of methane captured, about 20 tons of CO2 credits are obtained. CBM projects in China should indirectly benefit from foreign capital racing to exploit these credits before they expire in 2012
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Tuesday, June 12, 2007
Why the Big Money in Gold Shares Still Lies Ahead / Commodities / Gold & Silver Stocks
This week in Outside the Box we take a quizzical gander at the gold market, its growth-to-date, and potential future investment opportunity. We have witnessed a significant rise in the gold market from a July 1999 price of $252 an once, to $653 an once today, an increase of 159%. David Galland, of Casey Research, provides an intriguing analysis of the gold market today and the inherit investment opportunity existent on account of severely curtailed research exploration, institutional obstacles, NGOs, and rising global demand, driven primarily from the emerging market economies.Read full article... Read full article...
Monday, June 11, 2007
Bullish Signs for King Coal / Commodities / Coal
Coal is far and away the world's most-important source of electric power and has been for decades. There are two good reasons for this:
Coal is more abundant than oil or gas, and it's cheap.
Coal is a greater pollutant than either natural gas or emission-free nuclear power. But new scrubbing technologies and plant designs can minimize that pollution. And there's no way the world could replace all its coal-fired plant capacity in any reasonable time frame.
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Monday, June 11, 2007
Silver Market Update - Potential Double Top / Commodities / Gold & Silver
The outlook for silver at this time is remarkably similar to that for gold and for the same reason - they are both threatened by a looming substantial rise in the dollar, which if it occurs, as now looks likely, will result in both gold and silver going into retreat and leaving behind large Double Tops on their charts.Read full article... Read full article...
Monday, June 11, 2007
Gold Market Update - Potential Double Top for Gold / Commodities / Gold & Silver
This Gold Market update makes grim reading - if you believe it that is. Gold had been weakening and rounding over since its late February high, and on Thursday and Friday it dropped sharply, breaking below its uptrend in force for nearly 2 years, from July 2005, for the 1st time, after deceptively rising away from it. Read full article... Read full article...
Sunday, June 10, 2007
Gold and Silver Analysis - Precious Points: Gold Don’t Go Gentle Into That Goodnight / Commodities / Gold & Silver
Joe Nicholson (oroborean) writes: “Now that both gold and silver have climbed above, the 5-day moving average becomes an important support level which, though not inviolable, signals a relatively low risk/reward trade … losing the 5-day average in a single week from a fresh high that marks the crucial turn and ultimate retreat back into the 50-day level …… If the impetus to cut rates is in fact removed, bond yields could be expected to reach a more historically normal level, above the overnight rate at 5.25% … it’s not the nominal rate, at least not at anywhere near these levels, as much as the rate of increase that would determine the effect on stocks and metals.”
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Sunday, June 10, 2007
Weekly Gold and Silver Technical Analysis Report - 10th June 2007 - Technically Precious with Merv / Commodities / Gold & Silver
WOW! Nibble, nibble, nibble then plunge, plunge. Now what should we expect? Five days of down side, one should expect a few up sides BUT would you put money on that?
GOLD : LONG TERM
A couple of scary days but we're still a long way away from going bearish on the long term P&F chart. That point is still the $600 level.
Saturday, June 09, 2007
The Real Reason for High Gas Prices / Commodities / Crude Oil
A major news service ran a couple of feature stories on the Internet this week on the topic of high gas prices. Although different in the details, it was substantially similar to articles they've run off and on over the past two years. This particular article seems to appear whenever gas prices get so high that Americans start grumbling and passing around that chain e-mail about boycotting ExxonMobil.Read full article... Read full article...
Friday, June 08, 2007
China Stock Market and China Gold Technicals / Commodities / Gold & Silver
Two years ago I suspect American investors would have unanimously scoffed at the notion that the world would soon look to China 's stock markets for guidance rather than the USA 's. Yet here we are today. Over these past two years the Shanghai Stock Exchange Composite Index has soared a breathtaking 328%, capturing the world's attention.
At best at the end of May, the SSEC was up 62% this year alone! Such gains are clearly unsustainably parabolic which place the Chinese stock markets deep into classic bubble territory. And the amazing stories coming out of China these days reflect mania extremes. From an accelerating day-trading craze, to record numbers of new stock-trading accounts being opened, to even lowly Chinese laborers giving stock tips, China is caught up in the throes of a textbook stock mania.
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Friday, June 08, 2007
Global Market Brief: A New Step in the Ethanol Revolution? / Commodities / Ethanol
This week in a Special Outside the Box we look at the discussion of alternative energy sources, specifically, ethanol derived from corn or sugarcane. The Stratfor piece discusses the economic implications of ethanol usage; geopolitical ramifications in terms of how current oil producers will be affected, comparable cost advantages between corn and sugarcane processing, and the advantages and disadvantages of ethanol production and consumption.Read full article... Read full article...
Thursday, June 07, 2007
Gold looking great! Plus Titanium another Hot Market! / Commodities / Metals & Mining
Larry Edelson writes: Gold's looking great! After a brief pullback earlier last week, the yellow metal jumped almost $10 an ounce to well above its recent strong uptrend line that dates back to October of last year.
And while gold's not out of the woods yet, my indicators tell me that once it closes above $682 — a new leg up will begin, and gold will soar to new record highs, well above $732 an ounce, and probably over $800!
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Thursday, June 07, 2007
Gold, Uranium and Nickel Poised for Blast-Off! / Commodities / Metals & Mining
Sean Brodrick writes A funny thing is happening on the way to the next U.S. recession — the rest of the world is forgetting to come along.
Sure, the U.S. economy may be slowing down precipitously — gross domestic product expansion was just revised down to 0.6% for the first quarter. But the global economy is expected to grow at a 4.7% pace in 2007, and may accelerate in 2008.
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