Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, October 02, 2012
Silver Take Profits and Go Short, But Prepare to Reverse Position Immediately... / Commodities / Gold and Silver 2012
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.
Read full article... Read full article...
Tuesday, October 02, 2012
Gold Brutal Correction Brewing, Time to Take Profits and Go Short / Commodities / Gold and Silver 2012
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.
Read full article... Read full article...
Tuesday, October 02, 2012
Gold Hits Record High in Euros and it’s Setting Up for Another Rally / Commodities / Gold and Silver 2012
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.
Read full article... Read full article...
Tuesday, October 02, 2012
Gold Hovers After Touching New Highs / Commodities / Gold and Silver 2012
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.
Read full article... Read full article...
Tuesday, October 02, 2012
Who is Buying Gold? / Commodities / Gold and Silver 2012
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.
Read full article... Read full article...
Tuesday, October 02, 2012
Silver Prices To Benefit from the Golden Cross / Commodities / Gold and Silver 2012
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.
Read full article... Read full article...
Tuesday, October 02, 2012
Commodity Stocks Investing: Improving Returns With No Extra Volatility / Commodities / Commodities Trading
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.
Read full article... Read full article...
Monday, October 01, 2012
Time to Bank Profits in Gold and Silver Mining Stocks? / Commodities / Gold & Silver Stocks
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.
Read full article... Read full article...
Monday, October 01, 2012
Gold Bull Trend Intact, But "Zero Silver Demand" Seen in India / Commodities / Gold and Silver 2012
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.
Read full article... Read full article...
Monday, October 01, 2012
Crude Oil New $75 Floor Price / Commodities / Crude Oil
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.
Read full article... Read full article...
Monday, October 01, 2012
QE3 is Here, Where Next for Gold? / Commodities / Gold and Silver 2012
To help turn around the lagging US economy and stubbornly high unemployment, the Federal Reserve recently announced “QE3”.
Quantitative easing (QE) is an action taken by central banks to stimulate the economy, typically when interest rates are already very low.
Read full article... Read full article...
Monday, October 01, 2012
Major “Risk On” Rotation As Junior Miners Outperform Gold and Silver Bullion / Commodities / Gold & Silver Stocks
The fundamentals for gold and silver appear to be making a positive turn as the US, ECB and Bank of Japan simultaneously signals Worldwide QE3. The charts are just beginning to make new uptrends and may have much more room to go. One must remember both gold and silver have not made new inflation adjusted highs despite record sovereign debt levels and a coordinated worldwide currency debasement. There is much more room to go in this precious metals rally as many investors still need to unwind a record position in cash and treasuries.Read full article... Read full article...
Sunday, September 30, 2012
Islamic Revolution in Saudi Arabia Would Send Crude Oil to $300 / Commodities / Crude Oil
Marin Katusa, Casey Research writes: There is little that would rock the oil world more than a revolution in Saudi Arabia.
But with a coming leadership crisis, it is becoming all too likely.
Saudi is facing major economic challenges as dramatic increases in social spending and domestic fuel consumption eat through the kingdom's all-important oil revenues.
Read full article... Read full article...
Sunday, September 30, 2012
Are Falling Crude Oil Prices Predicting A Stock Market Fall? / Commodities / Crude Oil
When the economy slowed in the summer of 2010 and the Fed launched QE2, commodity prices took off like a SpaceX rocket. The price of crude oil reversed to the upside along with the stock market, surging up 64%, from $70 a barrel to $114 a barrel eight months later in April, 2011.
Read full article... Read full article...
Sunday, September 30, 2012
Crude Oil And The Dead Cat Bounce / Commodities / Crude Oil
FUNDAMENTALS
What crisis? Nymex and ICE oil price movement shows how oil prices can be moved anywhere as long as its up, except of course when its down, where fundamentals point with stubborn determination.
Recent weeks, especially the last show that sometimes the oil bulls can get dispirited and run out of news support, and be forced to take a cut in their boundless optimism which says we really can have $130 a barrel for Brent and $125 for WTI like Goldman Sachs tells us we can - this year, in 2012. When the markets take an especially hard hit, like the recent loss of $10 off the barrel price, the dead cat bounce can take the shape of a Goldman tiger bounce - paper tiger of course.
Read full article... Read full article...
Friday, September 28, 2012
Silver Mining Stocks ETF / Commodities / Gold & Silver Stocks
It’s hard to believe that silver was trading at only $4 just 11 years ago. And amazingly it was only 7 years ago that silver had hit $10 for the first time in nearly two decades. Now at over $30 and rising, silver is flexing its muscles as one of the best-performing assets of the last decade.
There’s no arguing that silver’s secular bull has been spectacular. Since its 2001 low, silver had soared a staggering 1094% to its 2011 high. And based on its structural fundamentals, silver’s bull still likely has plenty of room to run in the years to come.
Read full article... Read full article...
Friday, September 28, 2012
What Does Gold Have Going For It? / Commodities / Gold and Silver 2012
Gold no longer has a legal role in the world's monetary system, but because of a collapse of faith in sovereign obligations - fiat currencies/paper money - and a coming complete lack of trust in governments and financial institutions, gold is going to quickly become a core banking asset.
So why do I believe gold is going to become a core banking asset, what exactly does gold have going for it to make this possible?
Read full article... Read full article...
Friday, September 28, 2012
Gold Glitters / Commodities / Gold and Silver 2012
Just a few weeks ago, Mario Draghi, President of the European Central Bank (ECB), announced that he would do anything required to bailout the weakest members of the Eurozone and in so doing prevent the euro currency from dissolution. Investors who may have been previously positioning themselves to withstand a euro crisis seem to be anxious to believe that such bold actions will prevent the worst. Consequently, many unwound positions in U.S. dollars and bought back euros. In the wake of the announcement, the euro rose from $1.22 to $1.30.
Read full article... Read full article...
Friday, September 28, 2012
Gold New Record High Against Euro and Swiss Franc / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,781.00, EUR 1,374.65, and GBP 1,098.77 per ounce.
Yesterday’s AM fix was USD 1,755.25, EUR 1,365.32and GBP 1,084.16 per ounce.
Silver is trading at $1,670.75/oz, €26.96/oz and £21.52/oz. Platinum is trading at $1,670.75/oz, palladium at $637.90/oz and rhodium at $1,075/oz.
Read full article... Read full article...
Friday, September 28, 2012
How To Time Gold Purchases with Technical Analysis / Commodities / Gold and Silver 2012
Technical Analysis is mathematical analysis of the market based on price action, but not the fundamentals of supply, demand, costs of production, and hundreds of other important factors (fundamental analysis). Many people will tell you Technical Analysis does not work. I disagree. If you understand its limits, it works quite well.
Read full article... Read full article...