Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Thursday, October 18, 2012

Institutions "Losing Enthusiasm for Gold" / Commodities / Gold and Silver 2012

By: Ben_Traynor

SPOT MARKET gold bullion prices fell towards $1740 per ounce Thursday lunchtime in London,  0.8% down on the week so far, while most European stock indexes also ticked lower ahead of today's European leaders' summit in Brussels.

"While [gold] holds below $1758 the risk is to the downside," says the latest technical analysis report from bullion bank Scotia Mocatta.

Thursday, October 18, 2012

World Gold Council Publishes Gold’s Q3 Summary / Commodities / Gold and Silver 2012

By: GoldCore

Today’s AM fix was USD 1,748.00, EUR 1,331.71, and GBP 1,081.42 per ounce.  Yesterday’s AM fix was USD 1,747.75, EUR 1,333.86 and GBP 1,082.33 per ounce.

Silver is trading at $32.96/oz, €25.26/oz and £20.52/oz. Platinum is trading at $1,657.50/oz, palladium at $648.40/oz and rhodium at $1,200/oz.

Thursday, October 18, 2012

Gold Is Not Back In Favor Yet… / Commodities / Gold and Silver 2012

By: Chris_Vermeulen

Despite the decline this past week, gold seems to be regaining favor with global investors, as just a week earlier it had been flirting with the $1,800 an ounce mark. Quite a change from the sentiment in early summer when some investors were questioning whether the yellow metal’s decade-long bull run was coming to a close.

Thursday, October 18, 2012

What Now For the Price of Silver? / Commodities / Gold and Silver 2012

By: GoldSilverWorlds

Ted Butler: It has been quite some time since my good friend and silver mentor, Izzy Friedman, has written something about silver. Devastated by the loss of his wonderful wife of 56 years, Gabriella, Izzy withdrew from his daily silver market observation and our telephone conversations in order to restructure his life around family and travel and contemplation. We have started to talk more frequently and he agreed to write something.

Thursday, October 18, 2012

Obama And His Oil Pipelines / Commodities / Crude Oil

By: Andrew_McKillop

The Romney-Obama debate this week and once again featured attempts by both candidates to work "energy crisis" into the sparring and thrusting, to show how badly the opponent got his facts wrong and will only let things get worse if he either stays president, or becomes president. Obama kicked off with the one-liner that "because the economy was collapsing when I took office", gasoline prices in the US averaged a low $1.86 a gallon. Higher prices today are obviously a proof the economy is doing nicely, in fact using Obama's metrics, more than twice a nicely as in 2009 ! Economists might not agree.

Wednesday, October 17, 2012

Gold Faces 'Fierce' $1810 Resistance Level / Commodities / Gold and Silver 2012

By: Jesse

Gold and silver bounced today, but follow through is everything.

I include an updated chart showing the formation of a potential cup and hand on the gold daily chart.

London Trader describes the competition to buy physical gold at these levels as 'fierce' and is seeing heavy buying stepping in as even central banks wish to convert dollars and euros to gold.

Wednesday, October 17, 2012

Gold and Silver Price Breakout! / Commodities / Gold and Silver 2012

By: Peter_Degraaf

Are Gold and Silver preparing for another upside breakout? The battle is between the bullion banks with large short positions; and investors and hedge funds, (along with Asian central banks), that are protecting all or part of their net worth by owning some gold. It has been eleven weeks since my last article. In that article titled: "Gold and Silver Update" I indicated that the summer doldrums appeared to be over. Gold was trading at $1620 and silver at $28.03. I wrote that article with the observation that both metals were ready to rise, and I write today's article with a similar observation. The fundamentals have seldom been more favourable for the bull market in precious metals than they are today.

Wednesday, October 17, 2012

Do You Know Where Your Gold Is? / Commodities / Gold and Silver 2012

By: Ned_W_Schmidt

Owning Gold as wealth insurance is so widely accepted now as to make it a mainstream investment. A portfolio without Gold is like owning a home without insurance in a region where hurricanes are a normal weather event. The only remaining question facing an investor is what form of Gold to own and where to store it. The latter issue may be one not given sufficient consideration by investors. The question: Do you really know where your Gold is?

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...