Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, May 16, 2012
Liquidation of "Crowded" Gold Trade Pauses But "Clean-Out of Weak Hands Necessary" / Commodities / Gold and Silver 2012
By: Adrian_Ash
BENCHMARK prices to buy gold for London settlement rallied more than $10 an ounce off new five-month lows beneath $1528 on Wednesday morning, bouncing as the Euro, world stock markets and commodity prices also paused this month's sharp liquidation.
Spanish and Italian bond yields also eased back but remaind over 6% after Spain's prime minister Mariano Rajoy told the parliament in Madrid there is "a serious risk that the markets won't lend to us or lend only at astronomical prices."
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Wednesday, May 16, 2012
Buy Britain’s Gold Back / Commodities / Gold and Silver 2012
By: Jan_Skoyles
Great Britain was once the proud leader of the Classical Gold Standard. A global commercial and economic power, she operated on the gold standard from 1717.
The Standard allowed the free movement of capital which in turn financed and expanded trade. Twenty per-cent of the growth in global trade seen between 1880 and 1910 can be attributed to the stability of the gold standard.
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Wednesday, May 16, 2012
Brent-NYMEX Crude Oil Spread Widening / Commodities / Crude Oil
By: Mike_Paulenoff
During the month of May so far, Brent crude oil futures have declined from $128.40 to $110.93 (-$17.47), or nearly 14%, while NYMEX Oil has declined from $106.49 to $93.65 (-$12.84), or about 22%. This has resulted in a widening of the Brent-NYMEX differential from $13 to nearly $18.
Judging from both the recent up-leg pattern of the differential and the powerful position of its near-vertical momentum gauge, the Brent (British North Sea oil)-NYMEX (U.S. oil) spread should continue to widen towards a retest of its year-long resistance line, now at $19.95.
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Wednesday, May 16, 2012
Silver and Gold Daily Bulletin/COT Review for period 4-26 to 5/8/2012 / Commodities / Gold and Silver 2012
By: Marshall_Swing
I must first apologize to my readers for this report being so late this week as the JP Morgan debacle has garnered my full attention.
Silver plummeted $-1.471 this past reporting period and gold drove $57.90 into the ground but do you know how they got there?
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Tuesday, May 15, 2012
Political and Economic Factors Bode Well for Gold / Commodities / Gold and Silver 2012
By: Przemyslaw_Radomski
So far, 10 European political leaders out of 17 have been ousted out of office like a falling dominos in a little more than a year.
The issue that has angered voters other than unemployment is austerity. We know from personal finances that when we overspend, we must cut back, pay our debts and rebuild our savings. That's the prudent thing to do and that's what the austerity school preaches. But what happens if the financial hole is so deep that there is no way to climb out by reasonable cutting back and saving? That's when you declare bankruptcy and your creditors share the pain. The laws of capitalism decree that if you don't assess risk correctly, you lose money. The conclusion is that austerity has to come with a mechanism for default, which is not the case in Europe.
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Tuesday, May 15, 2012
Gold Targets Drop to $1522 / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE MARKET gold bullion prices dipped below $1550 an ounce for the first time since December on Tuesday – a fall of 7% since the start of this month – before regaining some ground by lunchtime in London.
"The bear channel support had been at $1581," say technical analysts at Scotia Mocatta, the bullion banking division of Bank of Nova Scotia.
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Tuesday, May 15, 2012
Special Report: How to Buy Silver / Commodities / Gold and Silver 2012
By: Money_Morning
Larry D. Spears writes:
In late December, silver dipped to a 12-month low near $26 an ounce, and traders who responded to the barrage of "buy" recommendations were quickly rewarded as the metal soared to a high of $37.18 just two months later.
Today, silver has pulled back below $29 an ounce, giving investors another chance to establish a position before the metal makes its next move higher.
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Tuesday, May 15, 2012
Bundesbank Confirms German Gold Held By US, UK and French Central Banks / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,559.00, EUR 1,213.61 and GBP 969.95 per ounce. Yesterday's AM fix was USD 1,563.00, EUR 1,213.79 and GBP 972.62 per ounce.
Gold fell $22.70 to close at $1,558.60/oz in New York yesterday. Gold edged up in early Asian trading to $1,560/oz prior to renewed selling that saw the price fall and gold briefly pierced below support at $1,550/oz prior to a slight bounce higher in early European trading.
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Tuesday, May 15, 2012
A Contrarian's Guide to Volatile Precious Metals Markets / Commodities / Gold and Silver 2012
By: The_Gold_Report
Trotting the globe in his unrelenting quest for investing opportunities, Bob Moriarty had just completed a 21,000-mile travel-a-thon when he picked up the phone for this exclusive interview with The Gold Report. He liked a lot of what he saw, found plenty of bargains along the way and is willing to name names. Ever the contrarian, he is picking up stocks when everyone else is dumping them; he plans to cash in when the mass of sellers morphs into a mass of buyers and drives prices up.
The Gold Report: We're hearing many people these days warning that it's not a good time for investing in junior mining stocks. The TSX Venture Exchange has been experiencing some of its lowest volumes in six to nine months. What do you believe investors should do this summer?
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Tuesday, May 15, 2012
The Death of Greece, Impact on Crude Oil Price / Commodities / Crude Oil
By: Money_Morning
As the Eurozone continues to show weakness, events yesterday in Athens may accelerate the situation. The downward movement in oil prices this morning in both London and on the NYMEX testifies to the rising concern.
The aftermath of the Greek elections propelled the new radical left party SYRIZA into the limelight as the second strongest party in the country. Given the adamant refusal by SYRIZA leadership to accept bailout reforms, the party's new brokering position means the crisis will continue.
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Tuesday, May 15, 2012
Climbing U.S. Dollar's Potential Impact on Commodities / Commodities / CRB Index
By: Mike_Paulenoff
The most salient feature of our comparison chart between the U.S. Dollar Index (DXY) and the Reuters/Jefferies CRB Commodities Index (CRB) is the recent climb in the DXY off of its May 1 low at 78.60 towards another test of a 2-year resistance plateau at 81.40/80.
If this plateau is hurdled, the DXY has the potential to trigger a very powerful advance into the 86 area initially and then towards 89-90. Such a powerful advance in the U.S. dollar could crush the commodity complex (CRB), which already is showing signs of stress as it breaks beneath its prior two significant pivot lows in the vicinity of 292-293 and is pointing next to 275-272.
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Monday, May 14, 2012
Gold Bull Market "Not Over" But Speculators Turn Bearish as Greek Insolvency Looms / Commodities / Gold and Silver 2012
By: Adrian_Ash
THE PRICE OF GOLD and gold futures dropped yet again Monday morning, recording the seventh drop in nine trading days in May so far as industrial commodities, global stock markets and the Euro currency all sank amid Athens' failure to negotiate a new coalition government.
Silver bullion also fell hard, touching $28.44 per ounce and losing 8.9% from the start of this month.
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Monday, May 14, 2012
Gold Turns Negative Year to Date, But Bull Market is Not Over / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,563.00, EUR 1,213.79 and GBP 972.62 per ounce. Friday's AM fix was USD 1,580.75, EUR 1,221.69 and GBP 980.98 per ounce.
Gold fell $12.70 to close at $1,581/oz in New York on Friday. Gold has fallen again today and has now erased the gains for the year. Gold edged up in early Asian trading as bargain hunters lifted prices from four month lows, but gains were capped and prices gradually fell and falls continued in European trading.
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Monday, May 14, 2012
Gold and Silver Major Bottom This Week? / Commodities / Gold and Silver 2012
By: Jordan_Roy_Byrne
Normally catching a bottom is not difficult. Bottoms tend to occur instantly while market tops form during a process. Yet, I’ve found that bottoms of long-term significance do not occur instantly. Like tops, they can take time to develop. For example, think about late 2008 to early 2009. Commodities hit their price low in December but the bottoming process began in October and wasn’t complete until May. Emerging markets hit their low in November but the process began in October and ended in March. Returning to the present, we see that Gold and Silver look set to retest their late December lows. Our work leads us to argue that the metals will successfully retest their lows and soon emerge from what in the future will be considered a major bottom in-line with 2008, 2005 and 2001.
Monday, May 14, 2012
Has the Silver Price Bottomed Yet? / Commodities / Gold and Silver 2012
By: Bob_Kirtley
Greece, the tin pot tail of Europe appears to wagging the economic dog of Europe at will as their inability to appoint a pro-austerity government has failed. This situation is further exasperated by France, with its newly elected 'no austerity' leader, stating that he will spend more now and not less in an attempt to boost economic activity if France. The German Chancellor, Angela Merkel, is now toast after suffering a significant blow as voters in Germany's largest state rejected her austerity policies.
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Monday, May 14, 2012
The Shortage of Arable Land and the Case for Agriculture and Farmland Investing / Commodities / Farm Land
By: Submissions
Adam Waldman writes: Whilst farmland investing may seem to some to be a bit of an exotic option, the reality is that there is an increasingly compelling case for adding this asset class to the alternative investments bucket of your portfolio. One of the major reasons for our bullishness on farmland investment is the availability of quality farmland. As the graph below from the UN Food and Agriculture Organization (FAO) clearly demonstrates, the amount of arable farmland has already shrunk and will continue to do so.Read full article... Read full article...
Monday, May 14, 2012
Gold and Gold Miners Are Closing in on a Major Bottom / Commodities / Gold & Silver Stocks
By: J_W_Jones
"You can't understand what lays ahead if you don't understand the past" ~ Satellite, Rise Against
Members of my service as well as long time readers know that I do a lot of analysis based on the past. I am constantly looking at long-term historical price charts and data. As a trader, I am always looking for an edge.
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Sunday, May 13, 2012
Gold Bugs Will be Vindicated / Commodities / Gold and Silver 2012
By: Alasdair_Macleod
In recent weeks, while the eurozone has suffered escalating levels of systemic stress in government bond markets and its banking system, the gold price has fallen under $1,600. One would have thought that – but for the occasional fat-finger trade – gold would rise in all this instability, not fall. Putting aside short-term considerations, the simple reason has to be that the investment establishment, which has bought into the bond market bubble, does not believe that gold is any longer an alternative to paper money.
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Sunday, May 13, 2012
The Great Defection From The West From Debt Slavery Police States / Commodities / Gold and Silver 2012
By: Jeff_Berwick
Remember a few decades ago when defection from communist countries to the west was common? Those in the west understood why. Of course they'd want to defect, they'd say. They're all but slaves in the Soviet Union... or Cuba... or China. Pick your communist paradise.
Sunday, May 13, 2012
Do Eric Sprott and China Still Believe in Gold? / Commodities / Gold and Silver 2012
By: Eric_McWhinnie
It has been a difficult week for precious metals, as gold and silver both experienced their lowest closes of the year. Gold futures settled at $1,594.20 per ounce on Wednesday, while silver futures finished at $29.18 on Thursday. They are also on pace for their worst weekly performance since December. However, several big name entities are still bullish on the safe-haven metals and believe the recent price action will reverse to end the year higher.
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