Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Wednesday, October 17, 2012

Gold Pullback to US$1700 "Would See Significant Support" / Commodities / Gold and Silver 2012

By: Adrian_Ash

WHOLESALE BULLION prices to buy gold recovered an early dip in London on Wednesday morning, rising back to $1750 per ounce as European stock markets also rose and the single currency hit its best level in more than a month.

The rising Euro knocked the price for French, German and Italian investors to buy gold back to a 6-week low of €1333 per ounce (€42,860 per kilo).

Wednesday, October 17, 2012

Gold Price To Reach $2500 an Ounce In 2013 - GoldCore / Commodities / Gold and Silver 2012

By: GoldCore

Today’s AM fix was 1,747.75 USD, 1,333.86 EUR, and 1,082.33 GBP per ounce. Yesterday’s AM fix was USD 1,737.50, EUR 1,337.36 and GBP 1,080.40 per ounce.

Gold rose $11.25 or 0.65% in New York yesterday and closed at $1,747.65. Silver rose to 26 cents to close at $32.95 for a gain of 0.8%.

Wednesday, October 17, 2012

Forget Renewable Energy, We Need Cheap Oil / Commodities / Crude Oil

By: OilPrice_Com

What does our world's energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will? Will natural gas and fracking help reduce our dependence upon oil and how will the world economy and trade fare as supplies of cheap oil continue to dwindle?

To help us take a look at this future scenario we had a chance to chat with Gail Tverberg - a well known commentator on energy issues and author of the popular blog, Our Finite World

Wednesday, October 17, 2012

Gold Price Forecast to Hit $2,300 by January 2014 / Commodities / Gold and Silver 2012

By: Jeff_Clark

Jeff Clark, Casey Research writes: While many of us at Casey Research don't like making price predictions, and certainly ones accompanied by a specific date, it's hard to ignore the correlation between the US monetary base and the gold price.

That correlation says we'll see $2,300 gold by January 2014.

Wednesday, October 17, 2012

Reasons Why the Gold Market is Under Pressure / Commodities / Gold and Silver 2012

By: Michael_Pento

There are two reasons why the price of gold has been under pressure in the last few days. One of them is legitimate; while the other is completely without grounds.

Tuesday, October 16, 2012

America's Gold Run, Huge Deficit as Record Gold Exported Abroad / Commodities / Gold and Silver 2012

By: Steve_St_Angelo

In a stunning development over the first seven months of the year, the United States has run up a huge gold deficit as it has exported a record 424 metric tonnes of gold.  This is indeed a significant amount when the U.S. exported a total of 488 metric tonnes for the entire year in 2011.

According to the USGS July Gold Mineral Industry Survey, the U.S. only imported 188 metric tonnes of gold between Jan-Jul, but exported 424 metric tonnes leaving a huge shortfall.  Some of this deficit was made up by the U.S. domestic gold mine supply.

Tuesday, October 16, 2012

Precious Metal 10%-Plus Correction Starts Today / Commodities / Platinum

By: DailyWealth

Brett Eversole writes: In the Bernanke Asset Bubble, precious metals WILL be the ultimate winner.

But everyone already knows that...

And that's actually becoming a real problem, as I'll explain today. In short, based on history, it could mean a double-digit percentage fall in the price of platinum...

Tuesday, October 16, 2012

Think of Gold as Anti-Fed, for a Golden Future / Commodities / Gold and Silver 2012

By: Giuseppe_Borrelli

Now that gold has declined for a couple of sessions, I can sense worry creeping back into the market place. Personally I think that’s healthy because too many people who know too little about gold have had too much to say about it. These corrections are the market’s way of telling them to shut up! I am fascinated by investors who can watch stock prices go nowhere for years, and yet they sat on stocks all that time and never complained. Gold on the other hand takes a breather for a week and these same investors will throw out the baby with the bath water. So far the spot price for gold has fallen from the October 4^th closing high of 1,791.80 to yesterday’s close of 1,738.50; just enough to get the Chicken Little’s out and cackling.

Tuesday, October 16, 2012

Gold "Could See Deeper Downside Move" But "Uptrend Remains" / Commodities / Gold and Silver 2012

By: Ben_Traynor

SPOT MARKET prices to buy gold regained some ground Tuesday morning after dropping to a one-month low below $1730 per ounce, gold's lowest level since the US Federal Reserve announced open-ended quantitative easing last month.

Gold prices rose to $1743 per ounce ahead of US trading, while stocks and the Euro also rallied following news that suggested Spain is prepared to request a bailout.

Tuesday, October 16, 2012

ETF “Costs and Liabilities” Sees Investors Migrating to Physical Gold / Commodities / Gold and Silver 2012

By: GoldCore

Today’s AM fix was USD 1,737.50, EUR 1,337.36, and GBP 1,080.40 per ounce. Yesterday’s AM fix was USD 1,747.25, EUR 1,347.56 and GBP 1,086.87 per ounce.

Silver is trading at $32.86/oz, €25.35/oz and £20.50/oz. Platinum is trading at $1,644.50/oz, palladium at $636.50/oz and rhodium at $1,160/oz.

Tuesday, October 16, 2012

Gold – Inflation Hedge or Something More? / Commodities / Gold and Silver 2012

By: Bob_Kirtley

Gold serves numerous functions as an investment. Traditional reasons for investing in gold include:

• Inflation
• Investment market declines
• Burgeoning national debt
• Currency failure
• War or other extreme events
• Social unrest

Tuesday, October 16, 2012

How To Play a Comex Silver Default / Commodities / Gold and Silver 2012

By: John_Rubino

This week's interview with gold dealer Tom Cloud of National Numismatic Associates comes as precious metals are correcting and rumors are swirling around Comex silver.

Dollar Collapse: Hi Tom. It's been an interesting couple of days for silver, with a big Comex draw-down being followed by a sizable price drop. If the silver market wasn't so obviously free and honest, it might be tempting to suspect some kind of manipulation...

Monday, October 15, 2012

Your Golden Worth / Commodities / Gold and Silver 2012

By: DeviantInvestor

Gold has been wealth and money, a store of value, and a means of exchange for more than 3,000 years. Only recently has debt been widely considered wealth. A US government T-Bond is considered “wealth” because the government promises to repay the loan with interest. Similarly, a corporate note is “wealth” because the corporation has promised to repay the note with dollars, and those dollars are still considered valuable. (Dollars are accepted because dollars are accepted.)

Monday, October 15, 2012

India, China and Growing Silver Demand / Commodities / Gold and Silver 2012

By: Dr_Jeff_Lewis

With the Indian rupee having gained 7.3 percent against the U.S. Dollar since the end of August alone, silver prices express in rupees will likely soften in the near term.

This led at least one analyst to predict that silver's price direction in the short term could depend on Indian investors.

Monday, October 15, 2012

Gold Drops Below $1750 as Bernanke Defends Monetary Easing / Commodities / Gold and Silver 2012

By: Ben_Traynor

WHOLESALE MARKET gold bullion prices hovered in a narrow range below $1750 an ounce in Monday morning's London session, after recovering some ground lost during Asian trading.

"We traded through lots of stop [losses] this morning," said one trader in Singapore, after gold began the week by dropping more than ten Dollars to $1742 per ounce, its lowest level in nearly three weeks.

Monday, October 15, 2012

Gold And Silver Fall On Open In Asia As October Correction Continues / Commodities / Gold and Silver 2012

By: GoldCore

Today’s AM fix was USD 1,747.25, EUR 1,347.56, and GBP 1,086.87 per ounce. Friday’s AM fix was USD 1,767.00, EUR 1,362.80, and GBP 1,101.35 per ounce.

Silver is trading at $33.28/oz, €25.78/oz and £20.81/oz. Platinum is trading at $1,648.50/oz, palladium at $637.30/oz and rhodium at $1,175/oz.

Monday, October 15, 2012

It's Time To Get Bullish on Natural Gas / Commodities / Natural Gas

By: Money_Morning

Dr. Kent Moors writes: Forget the Farmer's Almanac. As we move into the winter season, two things are becoming clear. First, this one will be colder than last year, nationwide. Second, natural gas prices are moving up.

A colder season ahead is an almost statistical certainty. The likelihood of having a repeat of last year's mild winter is quite low. And my second assertion is now supported by several factors.

Sunday, October 14, 2012

Gold at a Cross Road: What to look For / Commodities / Gold and Silver 2012

By: GoldSilverWorlds

Scott Pluschau writes: I have been looking to put on a swing or position trade to the long side in Gold for the past five weeks but have been unable to do so. There hasn’t been a pattern that I felt offered me a favorable trade location in regards to risk and reward in order to justify that entry. The bottom line is preservation of capital in speculating.

Sunday, October 14, 2012

IEA Still Drumming For High Priced Crude Oil / Commodities / Crude Oil

By: Andrew_McKillop

The IEA's latest Oil Market Report, released 12 October, maintains the IEA storyline of global oil shortage and extreme high prices being almost certain - by about 2017 - unless and until the 28 OECD member countries of the IEA enact and pay for a whole range of new energy policies and programs.  For a flavor of these heavily promoted big-spending policies and programs from the IEA, high level conferences like its 'Clean Energy Future' ministerial meeting held in London, 25 April (for which the IEA Web page no longer exists) provide all that is needed.

Saturday, October 13, 2012

Facts Every Gold GLD ETF Investor Must Know / Commodities / Gold and Silver 2012

By: GoldSilverWorlds

Without any doubt, the amounts invested in the Gold ETF “GLD” are enormous. The ETF lowered the barriers for most investors to profit from gold’s long term bull market. For institutional investors, GLD became one of the easiest ways to invest in the rise of the price of gold, as they can’t easily buy physical gold. However investing in an ETF like GLD or SLV carries inherent risks, the most important one being the failure to fully back the shares with physical gold. This means that in a worst case scenario, which is not unlikely given the instability of the world economy, an investor could end up holding only paper. The primary objective of “investing in precious metals” is to benefit from safety; a paper based gold ETF is not exactly the right answer to that objective.