Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, July 17, 2012
Central Bank Alchemists Attempting to Turn Paper Into Gold / Commodities / Gold and Silver 2012
By: John_Mauldin
In today's Outside the Box, the ever-philosophical Grant Williams introduces us to the ancient and profound art and science of alchemy – "the original 12-step program," as he calls it, the avid pursuit of übernerds from Hermes Trismegistus to Isaac Newton to (believe it or not) John Maynard Keynes, who referred to certain early works of econometrics as statistical alchemy (and some still are!). And we should not forget Carl Jung, who wrote the seminal work Psychology and Alchemy (for those who do not sleep or are looking for something to put you to sleep: http://en.wikipedia.org/wiki/Psychology_and_Alchemy).
Tuesday, July 17, 2012
Are Crude Oil Prices Also Manipulated Like LIBOR? / Commodities / Crude Oil
By: DK_Matai
A critical report commissioned by the G20 group of the world's biggest economies has warned oil prices could be vulnerable to a LIBOR-style rigging scandal. The G20 study conducted by the Madrid-based International Organisation of Securities Commissions (IOSCO) has found that the current system of oil price reporting is "susceptible to manipulation or distortion". The report for global finance ministers states that:
1. Bank traders;
2. Oil companies; and
3. Hedge funds
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Tuesday, July 17, 2012
Authorities Give Gold Price Another Leg Up / Commodities / Gold and Silver 2012
By: William_Bancroft
We have written in these pages before about the financial authorities giving gold a helping hand, sometimes with their short sited policy actions. Freezing Iran out of the payments system so she settles exchange in other forms with her trading partners, and allowing gold to move back to the heart of the banking system, are two good examples.
Tuesday, July 17, 2012
A Historic Investing Window of Opportunity In Mongolia Emerging Market / Commodities / Emerging Markets
By: The_Gold_Report
Investor fears about mining stocks are misplaced, says James Passin, a hedge fund manager with New York-based Firebird Management, especially if those companies are mining in Mongolia. Firebird manages a portfolio of private equity funds that invest in Mongolia, one of the fastest growing economies with some of the most extensive, untapped resources in the world. The country is already home to the largest copper deposit and in this exclusive Gold Report interview, Passin explains why there is potential for dozens more similar finds.
Tuesday, July 17, 2012
Pitfalls of Silver Price Technical Analysis / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
Technical analysis of the financial and commodity markets has been used effectively by traders to analyze price movements of commodities and stocks for hundreds of years. Despite being one of the most effective methods for forecasting future price movements, technical analysis can break down and give conflicting signals when certain events occur.
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Monday, July 16, 2012
Gold Market Nervous and Thin Ahead of Bernanke Testimony / Commodities / Gold and Silver 2012
By: Ben_Traynor
THE DOLLAR cost of buying gold fell to $1583 an ounce during Monday morning's London trading, in line with where last week's range, while European stock markets also edged lower and US Treasury bonds gained, with markets focused on Federal Reserve chairman Ben Bernanke's testimony before Congress tomorrow.
Prices to buy silver fell to $27.11 per ounce – nearly 1% off last week's close – as other industrial commodities also ticked lower.
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Monday, July 16, 2012
Gold Swap Dealers Go Net Long For Only Third Time / Commodities / Gold and Silver 2012
By: GoldCore
Today's AM fix was USD 1584.00, EUR 1300.17 and GBP 1020.68 per ounce.
Friday’s AM fix was USD 1579.00, EUR 1294.05 and GBP 1022.34 per ounce.
Gold rose by $16.30 or 1.2% in New York on Friday to end the week 0.8% higher at $1,588/oz.
Silver rose 8 cents to close at $27.25/oz – a gain of 0.52% on the week.
Monday, July 16, 2012
How to Buy Gold in Today's Troubled World / Commodities / Gold and Silver 2012
By: Money_Morning
Larry D. Spears writes:
Gold turned in a fairly tarnished performance during the second quarter, falling $80 an ounce, or 4.76%, during the April-June period.
Even still, most precious metals analysts see strong potential for gold prices in the second half of 2012 given the continued sluggishness in the global economy and increasing uncertainty about the Eurozone debt crisis.
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Monday, July 16, 2012
The Big Problem for Energy Investors / Commodities / Crude Oil
By: DailyWealth
Matt Badiali writes: Oil prices are going to fall lower than you can imagine.
They've already dropped from nearly $110 a barrel in February to under $80 late last month. They've since staged a recovery to the $85 area. But the drop is not over. In fact, I think there could be more than 50% downside from these levels.
Monday, July 16, 2012
Managed money positions hint at bullish turns for gold and silver / Commodities / Gold and Silver 2012
By: Alasdair_Macleod
I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.
Monday, July 16, 2012
Gold Stocks: Bottom, Re-Test, Launch? / Commodities / Gold & Silver Stocks
By: Adam_Brochert
Though I favor physical Gold held outside the banking system that can't get MF Global'd over those paper Gold derivatives known as Gold stocks, there are times when a speculative opportunity presents itself that cannot be ignored (at least not by me). Now is such a time in Gold stocks. In my last post, I welcomed a new cyclical Gold stock bull market. I continue to believe a new cyclical Gold stock bull market has already begun and we are now completing (if we haven't already) the re-test of the mid-May, 2012 lows. What comes next? The launch!
Sunday, July 15, 2012
Gold Under the Gun / Commodities / Gold and Silver 2012
By: Joseph_Russo
No matter how hard global central bankers try to inflate away the intractable debt-bomb that continues to explode in slow motion, they just cannot seem to make any headway.
The folly of QE-1 and QE-2 have done nothing but exacerbate the contrived bubble in monopoly bonds, which is the only fuel known to financial alchemists that enables a fraudulent debt-based Wall Street-Washington-Centric and global economy to function.
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Saturday, July 14, 2012
Gold Mining Stocks Bargains Abound, But Buy With Care / Commodities / Gold & Silver Stocks
By: The_Gold_Report
It may look as if almost any mining stock you see these days is a bargain just waiting to be plucked. While most stocks have seen major drops from their highs and some are showing significant price turns, others have more downside left and a few just won't make it to the next market peak. Ivan Lo, publisher of The Equedia Weekly Letter, takes both a macro view of market and economic conditions and then carefully studies the specifics of each stock he decides to follow or acquire. In this exclusive interview with The Gold Report, Lo talks about the critical factors that can separate a mega-winner from a rollback candidate and talks about some of his favorite names.
Friday, July 13, 2012
Does Central Bank Gold Buying Signal the Top Is Near? / Commodities / Gold and Silver 2012
By: Jeff_Clark
Jeff Clark, Casey Research writes:
Doug Casey told me in January, "The only thing that scares me is that central banks are buying a lot of gold; they're historically contrary indicators." When it comes to buying gold, central banks have such a poor timing record that they're frequently joked about as a contrary indicator.
Friday, July 13, 2012
The Next Major Move in Gold and Silver Is Close / Commodities / Gold and Silver 2012
By: Chris_Vermeulen
After making new highs about a year ago we have seen Silver and Gold consolidate for roughly the last twelve months. Technically, it would typically be a bullish scenario with gold from the stand point that the last 12 months’ price action was a sideways consolidation in a bullish pennant formation. However over the last year we have witnessed a series of lower highs and increasingly tested supports levels around $150 on GLD which raises caution.
Friday, July 13, 2012
'Peak Gold' - Gold Production Collapse Continues In South Africa / Commodities / Gold and Silver 2012
By: GoldCore
Today's AM fix was USD 1579.00, EUR 1294.05 and GBP 1022.34 per ounce.
Yesterday’s AM fix was USD 1565.50, EUR 1281.10 and GBP 1011.96 per ounce.
Gold fell by 0.3% in New York yesterday and closed down $4.90 to $1,571.70/oz. After a sharp drop and equally sharp bounce higher, silver rose 0.3% or 8 cents to close at $27.17/oz
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Friday, July 13, 2012
Gold Stocks Failing To Sparkle / Commodities / Gold and Silver 2012
By: Bob_Kirtley
For the last ten months or so we have watched the precious metals mining sector try in vain to put in a decent rally only to run out of steam and disappoint some of its most ardent supporters, including us.Read full article... Read full article...
Friday, July 13, 2012
What the GLD ETF Chart tells us about GOLD / Commodities / Gold and Silver 2012
By: David_Banister
Gold had remained in a rough 1550-1640 range for several weeks now. Tonight, we look at the GLD ETF, which represents the Gold spot price movements. Over the past 5 months we can see in the chart below the clear downtrend lines.Read full article... Read full article...
Friday, July 13, 2012
The Supply Side of Crude Oil / Commodities / Crude Oil
By: Elliot_H_Gue
Oil supply growth from countries outside OPEC should grow by roughly 660,000 barrels per day, with North America accounting for much of this uptick in production. Preliminary data from the US Energy Information Administration indicates that domestic crude oil production in April surged by 567,000 barrels per day from year ago levels. Robust drilling activity in unconventional plays such as the Bakken Shale in North Dakota and the Eagle Ford Shale in south Texas fueled much of this growth.Read full article... Read full article...
Friday, July 13, 2012
Crude Oil on the Slippery Slope / Commodities / Crude Oil
By: Andrew_McKillop
OPEC NEWS IS NO NEWS
Oil output by the producer states in the cartel is falling, with the largest loss by Iran, for highly obvious reasons - the western embargo - but not at all so obvious, Iran's large cutback in crude oil exports, due to the embargo, will be joined by a significant fall in Iranian imports of refined products, especially middle distillates and gasoline. For the more-than-somewhat oversupplied and nearby European market for these products, the price impact can only be downward, with the leading indicator being stocks and refinery runs in Europe. Refinery runs, already low, and stocks which are high, will likely go further down and up with European refiners trying to recoup some of their losses by exporting more gasoline to the US, impacting US crude demand for refining.