Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Thursday, March 28, 2013

Gold Consfication - If You Don't Own your Bank Deposit, Do you Own your Gold? / Commodities / Gold and Silver 2013

By: Julian_DW_Phillips

Three New Realities

When it was announced that both large and small depositors were to have a percentage of them seized, it was not the amount that horrified the world but the discovery that you do not own your own bank deposits.

1. Most investors worldwide are of the belief that when you deposit your money in a bank, it simply has safe-keeping of that money. The realization that you have lent the bank your money and are an "Unsecured Creditor" of the bank is an unpleasant revelation.

2. The sight of deposits being confiscated by bank creditors and governments brought home this fact and blew away the illusion, never to be reinstated again, that you own your own money. The reassurances from Brussels that "this is not a template for future bailouts" do not remove the stark realities of the state of depositors from now on. The reality that your money can be confiscated in your bank brought home the meaning of the word, confiscation as a present and very real danger in the future, if the situation warrants it.

3. Governments have the power to control your money through Capital and Exchange Controls in a bloc like the E.U. This can happen for a long time, probably, in an emasculated state, in a developed country. This is an additional shock to investors and depositors. Note that this is not Argentina or South Africa or Zimbabwe, but a member of the E.U. whose demise was caused by the E.U. through its handling of another member of the E.U., Greece!

Thursday, March 28, 2013

Gold Sustainable Trends and Unsustainable Ones / Commodities / Gold and Silver 2013

By: Toby_Connor

Today I’m going to start off with a look at the big picture. The next chart pretty much says it all.

Thursday, March 28, 2013

No Significant Capital Flows Into Gold From So Called ‘PIIGS’ Yet / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,602.50, EUR 1,253.13 and GBP 1,057.41 per ounce.
Yesterday’s AM fix was USD 1,591.00, EUR 1,243.75 and GBP 1,052.39 per ounce.

Silver is trading at $28.60/oz, €22.44/oz and £18.97/oz. Platinum is trading at $1,583.00/oz, palladium at $768.00/oz and rhodium at $1,200/oz.

Thursday, March 28, 2013

Jump in Euros Confirms Gold as Safe Haven as Cyprus Imposes Exchange Controls / Commodities / Gold and Silver 2013

By: Adrian_Ash

The GOLD PRICE slipped back to $1600 per ounce Thursday morning in London, heading into the 4-day Easter weekend 1.3% higher from the start of March.

Silver bullion was flat for the month at $28.65 after recovering yesterday's sharp 2.3% drop.

Thursday, March 28, 2013

Why Death of Peak Oil Still Won't Mean Cheap Crude Oil Prices / Commodities / Crude Oil

By: Money_Morning

David Zeiler writes: Today (Wednesday) an analyst from Citigroup became the latest lemming to declare the death of peak oil.

In a report entitled "The End is Nigh," Seth Kleinman says a combination of flattening demand and rising supply will cause oil prices to slide slightly by the end of the decade to $80-$90 a barrel.

Thursday, March 28, 2013

End of the Gold Bull Market- Ignore Banks' Bearish Statements / Commodities / Gold and Silver 2013

By: Jeff_Clark

Goldman Sachs has lowered its gold price projections and says the metal is headed to $1,200. Credit Suisse and UBS are bearish. Citigroup says the gold bull market is over.

So I guess it's time to pack it in, right?

Not so fast. As we've written before, these types of analysts have been consistently wrong about gold throughout this bull cycle. Another reason to disagree, however, is history; we've seen this movie before. In the middle of one of the greatest gold bull markets in modern history – the one that culminated in the 1980 peak – gold experienced a 20-month, one-way decline. Every time it seemed to stabilize, the bottom would fall out again. From December 30, 1974 to August 25, 1976, gold fell a whopping 47%.

Thursday, March 28, 2013

Cyprus and Gold: Lighting a Candle in a Dark Room / Commodities / Credit Crisis 2013

By: Nick_Barisheff

By now most people are aware of the events unfolding in Cyprus. The financial world was rocked by the announcement that the "Troika" of the European Central Bank (ECB), International Monetary Fund (IMF), and European Commission (EC) decided to give the tiny island of Cyprus an ultimatum - either pay a 9.9 percent wealth tax on deposits over 100,000 euros, or leave the EU. This tax would be taken directly from bank savings accounts. The expropriated funds would be used to "bail out" troubled Cypriot banks. Those banks will in turn pay off larger European banks to which they owe money. Because some Cyprus banks will fail, some investors stand to lose up to 40 percent of their deposits and many bank employees will lose their jobs.

Thursday, March 28, 2013

Resource Sector Paradigm Shift / Commodities / Gold and Silver Stocks 2013

By: HRA_Advisory

From The March 2013 HRA Journal: There were a lot of long faces at the PDAC this year. Many of the companies there were pulled off the waiting list when long standing attendee companies decided there was no point having a booth. Others have expressed surprise that few companies seemed to be trying to market financings. This was taken as complacency but it felt more like resignation to me. For the record, resignation is better if you're a contrarian.

Wednesday, March 27, 2013

Gold Prices Will Explode Higher When These Investors Start Buying / Commodities / Gold and Silver 2013

By: Money_Morning

David Zeiler writes: Until recently, an entire class of investors that control a huge pool of money - more than $27 trillion worldwide - have almost entirely ignored gold.

But lately, this group has begun to show more interest in the yellow metal, a trend that ultimately will exert massive upward pressure on gold prices.

Wednesday, March 27, 2013

Whom to Believe on Gold: Central Banks or Bloomberg? / Commodities / Gold and Silver 2013

By: Jeff_Clark

Bloomberg reported recently that Russia is now the world's biggest gold buyer, its central bank having added 570 tonnes (18.3 million troy ounces) over the past decade. At $1,650/ounce, that's $30.1 billion worth of gold.

Russia isn't alone, of course. Central banks as a group have been net buyers for at least two years now. But the 2012 data trickling out shows that the amount of tonnage being added is breaking records.

Wednesday, March 27, 2013

Four Billion Reasons Rare Earth Elements and Graphite Will Make You Money / Commodities / Rare Earths

By: The_Gold_Report

Self-help manuals tell us that what we focus on, we manifest. This is certainly true for rare earth elements enthusiast Chris Berry. Where some see a spiraling global economy and stagnation, Berry sees an emerging world with four billion people hungry for new technologies in which graphite and rare earth elements play a big part. In this interview with The Metals Report, Berry describes what he calls the changing complexion of the commodity super cycle and names a few companies to start focusing on.

The Metals Report: You just gave a speech at the Prospectors and Developers Association of Canada (PDAC) convention. What was your message for natural resource investors?

Wednesday, March 27, 2013

Cyprus Crisis Means Do Not Buy Gold Stocks / Commodities / Gold and Silver 2013

By: Bob_Kirtley

Crisis in Cyprus has lead investors and speculators re-considering how they allocate their portfolios. Despite Cyprus only representing a minute 0.2% of Eurozone GDP, the possibility that fear of a meltdown may spread across the markets does mean that one should consider the possible downside risk. If the market believes that other Eurozone nations could go the same route as Cyprus, then it is likely that we would see a selloff in the market.

Tuesday, March 26, 2013

Gold, a Hedge Against Financial Repression? / Commodities / Gold and Silver 2013

By: Axel_Merk

Had those with money tied up in the Cypriot banking system owned gold instead, they might have been able to watch the unfolding crisis relaxing on the beach. So why isn’t gold going through the roof? Is Cyprus too small to matter? Can it happen in the U.S.? Should investors hold gold?

Tuesday, March 26, 2013

Italians Value Gold Reserves - EU Deposits To Flow To Gold / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,597.25, EUR 1,241.35 and GBP 1,052.21 per ounce.
Yesterday’s AM fix was USD 1,602.25, EUR 1,232.97 and GBP 1,053.70 per ounce.

Silver is trading at $28.86/oz, €22.53/oz and £19.12/oz. Platinum is trading at $1,578.00/oz, palladium at $759.00/oz and rhodium at $1,225/oz.

Tuesday, March 26, 2013

In Gold, Not Cyprus, We Trust / Commodities / Gold and Silver 2013

By: Frank_Holmes

Global investors had to muster the courage to keep calm as news of Cyprus' proposed partial theft of all bank deposits took Wall Street by surprise, closed the country's banks and drove the price of gold higher.

The thoughtless idea was intended to capture a portion of the $31 billion in bank assets held by Russians. According to the Financial Times, Cyprus has developed a "well-earned reputation for being a haven for dirty money from Russia."

Monday, March 25, 2013

Gold Back Below $1600 after Cyprus Deal, "Could Test Low at $1522" / Commodities / Gold and Silver 2013

By: Ben_Traynor

U.S. DOLLAR gold prices fell back below $1600 per ounce Monday morning in London, falling back towards where they started last week, as stocks and commodities gained after news that Cyprus has agreed a bailout deal.

"We expect gold to move sideways this week with, however, a tendency for lower prices," says a note from precious metals refiner Heraeus, adding that it saw increased demand for investment gold bars, with gold "much influenced by worries over Cyprus".

Monday, March 25, 2013

Gold Price Trend Forecast for April 2013 / Commodities / Gold and Silver 2013

By: Clive_Maund

With an astronomic and ever growing debt and derivatives overhang, there are essentially only two choices for the world economy. One is to deal with it head on, which would trigger a deflationary implosion that would create an economic wasteland leading to anarchy, riots and revolution etc. Quite clearly nobody wants that, least of all those in power. So that only leaves one other option, which is to keep things limping along for as long as possible by clamping interest rates at zero to stop debt compounding and to print whatever quantity of money is required to keep the status quo going. The big difference between now and 2008 is that this is now a truly global strategy with the WWEW, the World Wide Elite Web, now controlling and directing a coordinated campaign of liquidity enhancement to achieve this objective. For evidence of this you need look no further than the Fed delivering boatloads of newly created cash to the European Union to prop up its banks, or to Japan suddenly abandoning decades of deflationary policy to get with the plan, which is why the yen has collapsed. However, the Fed's generosity towards Europe may not extend to saving the euro, which US elites may view as a nuisance because it potentially undermines the dollar's reserve currency status.

Monday, March 25, 2013

Silver Price Trend Forecast for April 2013 / Commodities / Gold and Silver 2013

By: Clive_Maund

Although silver's long-term charts are more messy and difficult of interpretation than gold's, on its long-term 7-year chart we can see that it, like gold, is getting close to a lower supporting trendline drawn parallel to the definite upper trendline drawn across the 2006, 2008 and 2011 highs, where the chances are good that it will successfully find support and turn higher, particularly as this trendline has now risen steadily to come into play underpinning the strong support level where the price has repeatedly reversed to the upside over the past 18 months. A short-term dip into this support, which looks likely for reasons we will look at shortly, will be regarded as throwing up an important buying opportunity.

Sunday, March 24, 2013

Gold And Silver Warning - Do Not Buy At Your Own Peril / Commodities / Gold and Silver 2013

By: Michael_Noonan

It used to be that March Madness was about the best basketball at the college level. Now it is about "Bankers Gone Wild!" If Cyprus is not the final nail in the coffin for trust in bankers, then you should put all your available funds into a bank, maybe even the Bank of Cyprus. March of 2013 did not just send a shot across the bow, the Emperors of the banking elite just sent a direct hit to any depositors dumb enough to keep any funds in any financial institution.

Saturday, March 23, 2013

As Cyprus Collapses, It's a Race to the Mediterranean Gas Finish Line / Commodities / Natural Gas

By: OilPrice_Com

Cyprus is preparing for total financial collapse as the European Central Bank turns its back on the island after its parliament rejected a scheme to make Cypriot citizens pay a levy on savings deposits in return for a share in potential gas futures to fund a bailout.

On Wednesday, the Greek-Cypriot government voted against asking its citizens to bank on the future of gas exports by paying a 3-15% levy on bank deposits in return for a stake in potential gas sales. The scheme would have partly funded a $13 billion EU bailout.