Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, February 08, 2013
U.S. Gas Prices Up 1.5 Times in Four Years; Government Still Says No Inflation? / Commodities / Gas - Petrol
By: Profit_Confidential
Michael Lombardi writes: According to the Bureau of Labor Statistics, inflation in the U.S. economy was 1.7% in 2012. As I have written in these pages, the way the official inflation rate is calculated is obsolete. Real inflation is running much higher than 1.7%.
Oil Price Information Service reports that, in 2012, $479 billion in gasoline was purchased by consumers in the U.S. economy. If you compare this number to 10 years ago, Americans are spending two and a half times more on gasoline. (Source: CNN Money, February 4, 2013) than they did in 2002. But consumer spending on gasoline didn’t go up because of increased demand; it went up because oil prices went up.
Friday, February 08, 2013
What Are the Two Hottest Precious Metals? Hint: Gold Isn’t One of Them / Commodities / Gold and Silver 2013
By: InvestmentContrarian
Sasha Cekerevac writes: Many investors in gold mining stocks have been disappointed over the past few months, as their shares have languished. Since November’s low, gold has gone down slightly, currently trading at $1,665 an ounce. Obviously, mining stocks need the commodity to increase in price for their shares to appreciate.
However, there are two precious metals that have seen a spectacular rise in prices since November: platinum and palladium.
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Friday, February 08, 2013
Silver Prices – The Big Picture / Commodities / Gold and Silver 2013
By: DeviantInvestor
Question: What do May 2004, January 2005, August 2005, June 2006, October 2008, February 2010, September 2011, December 2011, June 2012, and December 2012 have in common?
Answer: They represented significant price lows in silver, AND those lows were confirmed by the weekly stochastic (14,3,3) indicator and the weekly TDI Trade Signal Line (13,5) as shown in the following chart of silver prices since 2004. Note the red circles showing price lows and corresponding turns in the stochastic and TDI indicators from oversold levels. (Information on the stochastic and TDI are here and here.)
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Thursday, February 07, 2013
Investing in 2013: The Case for Palladium / Commodities / Palladium
By: Money_Morning
Tony Daltorio writes: Anyone who looks at precious metals when investing in 2013 will likely turn to gold and silver, maybe even platinum.
But there is another precious metal that is often overlooked, and should not be: palladium.
Palladium is mainly used in catalytic converters on gasoline-powered vehicles to limit the pollution these vehicles emit, just as its sister metal, platinum, is used in a similar fashion for diesel-powered vehicles.
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Thursday, February 07, 2013
Gold and Silver "Trapped" in Tight Range, Volatility Near Half-Decade Lows / Commodities / Gold and Silver 2013
By: Adrian_Ash
The GOLD PRICE eased $5 per ounce from a 2-day high in London trade Thursday morning, holding above $1676 as Asian stock markets closed lower but Europe held flat.
The Euro currency held onto a half-cent rise as the European Central Bank kept its key lending rate at a record low of 0.75% for the 15th month in a row.
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Thursday, February 07, 2013
Economic Winter Could Thaw Gold Stocks / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
Ian Gordon has said it before: we're on the edge of an economic maelstrom that will breathe new life into the gold exploration industry. While his cautionary tales may be beginning to sound like the boy who cried wolf, Gordon, the founder and chairman of Longwave Group, gives some persuasive evidence to support his doomsday scenario for the greater market. In this Gold Report interview, Gordon talks about what he forecasts as an unprecedented period of growth and investment in gold, which is just about to get underway as the market sinks.
The Gold Report: Ian, you believe that 2013 is likely to be an economic and financial disaster. But you have been saying similar things for years. Why is 2013 likely to be different?
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Thursday, February 07, 2013
Silver Price Manipulation, the Case Against JP Morgan / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
Every now and then we receive questions about JP Morgan and the allegations that the company suppresses the price of silver. In our Q&A section we answered some of those concerns by replying to a question about JP Morgan and silver manipulation. In that answer we wrote the following:
Despite a (...)lawsuit accusing JPMorgan and HBSC of jointly controlling " over 85 percent of commercial net short positions ", a position inherited mainly from the liquidated Bear Stearns business, the CFTC seems inclined to drop any case it has against JPMorgan , making this the third case in a row that has not found proof of wrongdoing.
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Thursday, February 07, 2013
Gold Miners vs. the S&P - Surprising Conclusions / Commodities / Gold and Silver Stocks 2013
By: Casey_Research
We often hear the claim that gold producers have not met investors' expectations for the past couple years. While there are many potential reasons for this, one explanation for their underperformance lies in the fact that producers diluted their share structures, leaving shareholders with smaller gains than they would have otherwise harvested.
Thursday, February 07, 2013
Gold Lease Rates - What Changed in Swiss Gold Banking? / Commodities / Gold and Silver 2013
By: Adrian_Ash
What the Swiss banks' move away from unallocated accounts says about gold, and about banking...
Imagine you could sell someone something, but keep ownership of it, and then use it yourself, writes Adrian Ash at BullionVault.
You could lend it out for interest, say, or raise loans of your own by pledging it as collateral. Or even sell it to raise cash when things get tight. And if your business fails entirely, the "owner" will just have to cue up with all of your other creditors, and be thankful with whatever small change is paid out by the courts.
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Wednesday, February 06, 2013
Stock Market Strength "Taking the Shine Off Gold" / Commodities / Gold and Silver 2013
By: Ben_Traynor
WHOLESALE PRICES for gold bullion hovered above $1670 per ounce Wednesday morning, broadly in line with where it started the week, while stocks and commodities were also little changed and the Euro eased against the Dollar ahead of tomorrow's European Central Bank interest rate decision.
Gold has failed to break through the $1700 an ounce barrier since falling through the level in December. Over the same period, most stock markets have rallied. The S&P 500 had its best January since 1997, touching a new five-year high, while the FTSE 100 had its best start to a year since 1989.
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Wednesday, February 06, 2013
Why The IEA Wants High Priced Oil / Commodities / Crude Oil
By: Andrew_McKillop
THE IEA' S NEWLY FASHIONABLE QUESTClaiming his views "are not very fashionable", the Turkish-born chief economist of the IEA, Fatih Birol, also describes the IEA's annual flagship reports the World Energy Outlook as "designed and directed" by himself - and his WEO is obliged to reflect "unfashionable" theories and goals.
These new theories and goals are: universal energy supplies for all, and massive worldwide response to the crisis of global warming. Reconciling these two themes or memes needs high priced oil. Regarding the market price for oil, the IEA pitches for $175 per barrel; concerning new energy taxes in the form of carbon taxes "to fight global warming", taxes of $500 per tonne of CO2 on all fossil energy, possibly by 2020 or shortly after, are no problem for Fatih Birol.
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Wednesday, February 06, 2013
Politicization, Currencies & Gold: The Lost Battle of Central Banks / Commodities / Gold and Silver 2013
By: GoldSilver
Central banks have many losing battles ahead.
The world finds itself immersed in the depths of an economic crisis. This crisis however, is unlike any other experienced in recent history. What is at stake is the very foundation of our monetary system, the currency.
Today's unbacked fiat currency experiment is at the very root of an emerging global monetary problem. While the talk of "recovery" in recent months now populates headlines, the desperate actions of politicians and central bankers show the contrary.
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Wednesday, February 06, 2013
Does China Still Love Gold? / Commodities / Gold and Silver 2013
By: Eric_McWhinnie
The recent price action in gold and silver has been frustrating for some people. Both precious metals logged gains last year, but continue to remain in consolidation mode. On the positive though, bullion demand is still providing support to prices.
Due to the vulnerabilities of the global financial system and numerous quantitative easing programs, several nations are increasing their gold holdings. According to Bloomberg and data from the Census and Statistics Department of the Hong Kong government, gold imports into mainland China from Hong Kong nearly doubled to an all-time high last year. China, the world’s second-largest economy and the biggest gold consumer, imported a record 834,502 kilograms (834.5 metric tons), including scrap and coins, in 2012. In comparison, the nation only imported 431,215 (431.2 metric tons) kilograms the previous year.
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Wednesday, February 06, 2013
How to Profit From A Potential Doubling in Copper Prices / Commodities / Copper
By: DailyWealth
"I think copper has at least 50% upside from today's price..." legendary analyst Adrian Day told me recently.
"I wouldn't be surprised to see the price double by the end of the decade."
When Adrian talks commodities, I listen... He's written his Global Analyst newsletter for over 25 years. At one time, it was one of the most popular investment letters in America, with over 60,000 subscribers. And for a decade now, he has focused on commodities for customers of Adrian Day Asset Management.
Wednesday, February 06, 2013
Read This Before You Buy Oil Stocks / Commodities / Oil Companies
By: GrowthStockWire
"You have to buy the oil stocks," a so-called "expert" proclaimed on CNBC yesterday.
"They're under-owned, and the price of crude oil is running higher."
Oil stocks have indeed enjoyed a tremendous rally over the past few weeks. The Energy Select Sector SPDR Fund (XLE) is up more than 10% since the start of 2013. And the fund is just pennies away from making a new multi-year high.
Tuesday, February 05, 2013
Why Silver is Headed Back $50.00-an-Ounce / Commodities / Gold and Silver 2013
By: Profit_Confidential
Michael Lombardi writes: The pieces of the puzzle are coming together nicely. As I have been expecting, small investors are running towards silver because gold has become too expensive for them. After all, to buy one ounce of gold it costs around $1,700. With the same amount of money, a small investor can buy upwards of 53 ounces of silver at its current price of $32.00 an ounce.
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Tuesday, February 05, 2013
Gold Could Test Resistance After Consolidation / Commodities / Gold and Silver 2013
By: Ben_Traynor
WHOLESALE MARKET gold bullion prices rose above $1680 an ounce Tuesday morning in London, trading close to last week's high, as stocks, commodities and the Euro also gained and US Treasuries fell, following better-than-expected services sector data from Europe.
Silver meantime touched $32 an ounce for the first time this week.
"We will remain short term bearish [on gold] while resistance [around $1696 per ounce] caps," says Axel Rudolph, senior technical analyst at Commerzbank.
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Tuesday, February 05, 2013
Bill Gross Bond Market King Says Buy Gold / Commodities / Gold and Silver 2013
By: Money_Morning
Renowned bond investor Bill Gross, the manager of PIMCO's Total Return Fund, the world's largest bond fund, just shared his top investment picks with Barron's. Leading the savvy investor's short and selective list was gold.
Why is a bond bull keen on investing in gold?
It's because Gross sees gold as a stellar inflationary hedge as global central banks attempt to reflate their economies.
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Tuesday, February 05, 2013
China's Gold Imports From Hong Kong Double To New Record / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,678.00, EUR 1,240.02, and GBP 1,063.57 per ounce.
Yesterday’s AM fix was USD 1,664.25, EUR 1,224.52, and GBP 1,057.47 per ounce.
Silver is trading at $31.94/oz, €23.65/oz and £20.34/oz. Platinum is trading at $1,707.50/oz, palladium at $758.00/oz and rhodium at $1,200/oz.
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Tuesday, February 05, 2013
Why Global Gold Accumulation is Underway / Commodities / Gold and Silver 2013
By: Michael_J_Kosares
"Lenin was certainly right, there is no more positive, or subtler, no surer means of overturning the existing basis of society than to debauch the currency...The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million is able to diagnose." -- John Maynard Keynes
Neither Keynes nor Lenin would have envisioned currency debasement on a global basis yet that is exactly where we find ourselves today. As mentioned in last month's The Gold Owners Guide to 2013, it is as if John Law had been reincarnated simultaneously in every major nation state in the world. At this stage, it is difficult to gauge the potential effects though, as you are about to read, there is plenty of speculation. Though the price of gold remained range bound this past January, global demand for coins and bullion has been anything but restrained. The U.S. Mint reports the highest monthly sales ever for the Silver Eagle in January and the highest monthly total for the Gold Eagle in over two years. Similarly ETF gold holdings are up about 12% since last August reflecting strong interest among financial institutions and funds. Though Keynes was right about currency debasement, he missed the mark on the public's ability to identify the problem. Apparently, a good many understand the problem all too well.
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