Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, October 04, 2012
Gold Hits New High for the Year, Breaching $1790 / Commodities / Gold and Silver 2012
By: Ben_Traynor
SPOT MARKET prices to buy gold climbed to $1794 an ounce ahead of Thursday's US session, a new 2012 high, while stock markets were broadly flat and US Treasury bonds fell ahead of the publication of minutes from the latest Federal Reserve policy meeting.
"We are watching for a break to the upside through $1790 resistance, which will then target the all-time nominal high [at around $1920 per ounce]," say technical analysts at Scotiabank.
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Thursday, October 04, 2012
Gold Edges Higher as China Challenges US Dollar Reserve Currency Status / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,786.50, EUR 1,380.92, and GBP 1,109.01 per ounce.
Yesterday’s AM fix was USD 1,777.25, EUR 1,374.73and GBP 1,102.38 per ounce.
Silver is trading at $35.08/oz, €27.13/oz and £21.84/oz. Platinum is trading at $1,707.00/oz, palladium at $664.50/oz and rhodium at $1,180/oz.
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Thursday, October 04, 2012
Silvers Seasonal Price Swing / Commodities / Gold and Silver 2012
By: Anthony_David
It’s that time of the year again when it makes perfect sense to invest in silver. Based on data compiled over the last 20 years, silver prices are known to peak during April-May and then again towards the end of the year. Between May and October, silver prices reach a low and then plateau out. The price of silver has grown from around USD 3.66 per ounce in early January 1993 to a high of USD 48.7 per ounce in April 2011—an amazing increase of 1230%.
Thursday, October 04, 2012
ECB Confidence Game, Gold Stocks Roller Coaster / Commodities / Gold & Silver Stocks
By: HRA_Advisory
Did we tell you or did we tell you? It’s a bit premature to claim bragging rights but the Junior market has been trading exactly how we hoped it would. Ben Bernanke delivered the early Christmas presents gold bugs were dreaming of and the market tenor looks better than it has for a year.
The operative word is still “better”, not “great”. The increase in volume in the Juniors is gratifying but still not enough. It will take higher volumes still to keep a rally alive through to year end.
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Wednesday, October 03, 2012
So, Who's Been Bidding Gold Price Higher? / Commodities / Gold and Silver 2012
By: Adrian_Ash
A unique, innovative tool for seeing just what private investors are doing in gold...
Gold was up, up and away in September. But who was doing the buying?
New data we released today here at BullionVault show that private households across Western Europe and the US continue to join the bull market. But their response to QE3 and the latest phase of the Eurozone crisis is more measured - you might even say complacent - than the recent price action alone suggests.
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Wednesday, October 03, 2012
Everyone Needs to Own Gold as Spain Denies Bailout / Commodities / Gold and Silver 2012
By: Ben_Traynor
SPOT MARKET gold prices rallied to $1781 per ounce ahead of Wednesday's US session, recovering from slight losses earlier in the day to stay in line with recent trading, while stock markets were broadly flat and the Euro reversed earlier gains, as analysts speculated on when and whether Spain will request a bailout.
Wednesday, October 03, 2012
'Mugabenomics' From Zimbabwe To The UK - "Gold Is Good" / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,777.25, EUR 1,374.73, and GBP 1,102.38 per ounce.
Yesterday’s AM fix was USD 1,778.50, EUR 1,377.19 and GBP 1,100.56 per ounce.
Silver is trading at $34.83/oz, €27.08/oz and £21.71/oz. Platinum is trading at $1,688.00/oz, palladium at $651.30/oz and rhodium at $1,150/oz.
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Wednesday, October 03, 2012
Why Crude Oil Prices Are Entering a "New Normal" / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
One of the things I have learned from almost four decades of doing this is that oil and gas specialists know a great deal about what they do for a living.
However, few of these specialists really understand enough about what the person to the right or left of them does. This tends to breed tunnel vision.
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Wednesday, October 03, 2012
Gold Bullion and Stocks Potential Intermediate Term Price Targets / Commodities / Gold and Silver 2012
By: Jordan_Roy_Byrne
The precious metals complex rebounded strongly in August and September, which is typical when the larger trend is bullish. We believe the larger trend turned bullish with the bottom in May. However, weeks ago we noted targets of $1800 for Gold and 57 for GDX as resistance points. The market has begun a corrective period which should last deep into October. Nevertheless, such a correction would provide an excellent entry point before the market makes its next move higher. Today we examine potential medium term and intermediate term targets for Gold and the gold stocks.
Wednesday, October 03, 2012
Big Energy Got It Wrong / Commodities / Energy Resources
By: Andrew_McKillop
ENERGY FUTURE? NO FUTURE
Exxon Mobil CEO Rex Tillerson claims he always applies the Boy Scout dictum "Be Prepared" and many critics of Tillerson like to poke fun at his Boy Scout background and way of soing things, which served him well until recently. Upper levels of Exxon management started taking notice of him during the little-known southern-48 oil boom of the early 1990s. As head of Exxon's highly lucrative exploration and production — E&P upstream — operations in the Texas-Oklahoma Belt he never put a foot wrong, nor when he moved for a short while to head E&P at Exxon Neftegas in Russia.
Tuesday, October 02, 2012
Silver Take Profits and Go Short, But Prepare to Reverse Position Immediately... / Commodities / Gold and Silver 2012
By: Clive_Maund
The story for silver at this point is much the same as that for gold, but as usual, more extreme – with silver there are bigger gains to be harvested, and bigger prospective profits if it now reverses violently to the downside, which could be occasioned by a larger dollar rally, as predicted on the site at the weekend.
Tuesday, October 02, 2012
Gold Brutal Correction Brewing, Time to Take Profits and Go Short / Commodities / Gold and Silver 2012
By: Clive_Maund
Action in the Precious Metals markets yesterday was VERY bearish and confirms our suspicion that an intermediate top may be forming that could lead to a brutal correction. Yes, yes, we know how bullish open-ended QE is for gold and silver and how the dollar is doomed etc, but so does everyone else – and the latest COTs show that both Large and Small Specs have thrown everything they have got at this uptrend, as we observed at the weekend. The trade is now dangerously overloaded on one side of the scales and a larger dollar rally, which looks likely on technical grounds, could trigger a sudden rout in the PMs.
Tuesday, October 02, 2012
Gold Hits Record High in Euros and it’s Setting Up for Another Rally / Commodities / Gold and Silver 2012
By: Chris_Vermeulen
October 2nd, 2012 at 9:07 am The price of gold hit a record high this past week . . . in euro terms (at about 1380 euros). The record came after a number of actions by central banks around the world, trying to stimulate their respective economies. The actions, usually centered around money printing, once again had investors looking for refuge in gold.
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Tuesday, October 02, 2012
Gold Hovers After Touching New Highs / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE gold prices hovered in a tight range just below $1780 an ounce for most of Tuesday morning in London, just below a new 2012 spot market high touched yesterday following comments from US Federal Reserve policymakers.
Silver prices traded just below $35 per ounce, close to seven-month highs, while stocks and the Euro ticked higher despite warnings that Spain is underestimating the amount of recapitalization its banks need.
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Tuesday, October 02, 2012
Who is Buying Gold? / Commodities / Gold and Silver 2012
By: Julian_DW_Phillips
A look at the gold market over the last few months shows that the pattern of price movements has changed from the traditional patterns. If you take the time factor out of charts on the gold price, the pattern of behavior becomes simple. It is a strong rise followed by a narrow, short consolidation pattern before a further move forward. This is unlike the saw tooth pattern we are used to as buyers and sellers reassess price prospects constantly, giving rise to more extended consolidation patterns over longer periods.
Tuesday, October 02, 2012
Silver Prices To Benefit from the Golden Cross / Commodities / Gold and Silver 2012
By: Bob_Kirtley
The anticipation and advent of QE3 has filled the precious metals market champions with considerable optimism. Gold and silver have both steadily, but firmly moved to higher ground.
Tuesday, October 02, 2012
Commodity Stocks Investing: Improving Returns With No Extra Volatility / Commodities / Commodities Trading
By: Frank_Holmes
Commodities are the necessary building blocks of the world. Glance around you--commodities are what the world needs to live and prosper and are everywhere you look. The world's seven billion people need resources, and that's why we recommend investors consistently allocate a portion of their portfolio to a natural resources investment.
Monday, October 01, 2012
Time to Bank Profits in Gold and Silver Mining Stocks? / Commodities / Gold & Silver Stocks
By: Toby_Connor
It's been a great run over the last two months but it may be time to tighten stops on mining stocks. You can see in the chart below that at least during this stage of the new C-wave gold is still inversely tethered to the dollar index, as are miners.
Monday, October 01, 2012
Gold Bull Trend Intact, But "Zero Silver Demand" Seen in India / Commodities / Gold and Silver 2012
By: Ben_Traynor
SPOT MARKET gold bullion prices dipped below $1770 an ounce during Monday morning London trading, though they remained in line with the last fortnight's price action, while European stock markets rallied along with the Euro following news late last week that the capital needs of Spain's banks are within existing provisions.
"On the monthly chart, the bull trend remains intact, with uptrend support at $1594 and resistance at $1790, the previous high," says technical analyst Russell Browne at Scotia Mocatta.
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Monday, October 01, 2012
Crude Oil New $75 Floor Price / Commodities / Crude Oil
By: Andrew_McKillop
Oil analysts, pundits and commentators are getting a hold on the rising threat of what is called "severe correction" hitting oil markets. The 2008-2009 sequence where Nymex prices crashed from a peak around $147 a barrel to about $40 are relatively fresh in the mind. The rebound was also dramatic, pushing prices through 2010 back over the 100-dollar mark into low triple digits by Q1 2011.