Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, February 20, 2012
China's "Mystery" Gold Buyer / Commodities / Gold and Silver 2012
Was the People's Bank of China really buying gold at the rate of 1 ounce in every 8 sold worldwide last quarter...?
SO THOSE MILITANT crazies known to the mainstream media as "gold bugs" – and to the FBI as subversives – got the headline they've been longing for, apparently, last week.
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Monday, February 20, 2012
In Search of Silver / Commodities / Gold and Silver 2012
In this article about the silver price, Will Bancroft takes a look at what the last year has delivered for silver investors, and what the future of silver investment might hold. Read on for more on what Professor Roy Jastram called “the restless metal”.
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Monday, February 20, 2012
Gold, Silver and the U.S. National Bird / Commodities / Gold and Silver 2012
Benjamin Franklin originally recommended the turkey as the national bird for the U.S. Today, we imagine that after considering the situation being created by the current regime in Washington he might recommend the ostrich as a more appropriate national symbol. With its head buried in the sand to avoid facing critical issues, the U.S. may be ignoring the vulnerabilities in today's world. For those that are not familiar with the old story of the ostrich with its head in the sand, we submit the following picture of the proposed new U.S. national bird.
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Monday, February 20, 2012
Gold's Consolidation Phase Continues, Time to Deliver for Euro Leaders / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold bullion prices held above $1730 an ounce in Monday morning's London trading – roughly in line with where gold has been for much of February – while European stocks and commodities edged higher amid hopes that policymakers might finally approve Greece's second bailout. US markets are closed for a holiday.
Silver bullion prices were also fairly flat this morning around $33.50 per ounce.
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Monday, February 20, 2012
Crude Oil and Gold Surge On Likely Iran Military Action / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,729.50, EUR 1,307.36, and GBP 1,090.82 per ounce.
Friday's AM fix was USD 1,732, EUR 1,316.51, and GBP 1,093.09 per ounce.
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Sunday, February 19, 2012
Silver could be ready to move higher along with its shares next week / Commodities / Gold and Silver 2012
The metals have recently been consolidating their moves from the December lows and silver along with its mining shares are at a point which deserves watching. Both silver and its shares made bullish divergences at the end of last year and staged a stunning rally in the first month of 2012. Recently, prices have been consolidating those gains.
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Sunday, February 19, 2012
Fiat Paper Money Masters Palpable Fear of a Rise In Gold / Commodities / Gold and Silver 2012
“That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes a lottery of all private property, cannot be denied.” - Thomas Jefferson, Letter to Josephus B. Stuart, 1817
The fear in the money masters is palpable. Silence, darkness, and the fog of confusion are their most reliable allies.
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Sunday, February 19, 2012
Silver Price Could Double by Year End / Commodities / Gold and Silver 2012
Were you cursing at your computer screen when silver nearly tripled during the short 9 months from September 2010 to May 2011? Silver at $20 seemed like an insurmountable threshold for quite some time. This caused many silver investors to give up just prior to the ascent, completely missing the ride towards $50. I believe silver is about to offer a similar ride. While it is unlikely to match the 180% advance mentioned above, look for silver to make new highs in the coming months, with the potential to double to $65 by year end.
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Saturday, February 18, 2012
Gold's Wild Ride Leaves Explorer Stocks Ready to Grow / Commodities / Gold & Silver Stocks
Lesser resource companies have been slowly starving to death since the capital faucet was turned off in 2008. What's left? Some exciting, early-stage companies with management teams industrious enough to make it through with promising projects on the horizon. In this exclusive interview with The Gold Report, Tom MacNeill, CEO of 49 North Resources Inc., a Saskatchewan-focused resource investment company, discusses some names his firm is excited about, including some primed to debut on the public markets soon.
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Saturday, February 18, 2012
Record High Gold Prices Fail to Curb Global Demand / Commodities / Gold and Silver 2012
Despite a volatile year for gold prices in 2011, demand for the precious metal still remained strong. According to the latest World Gold Council’s annual report, gold demand totaled 4,067.1 tonnes, a slight increase from the prior year. Record low interest rates, inflation expectations and investment demand continued to drive the gold bull market.
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Saturday, February 18, 2012
Gold GLD ETF Breaks Crash Trendline / Commodities / Gold and Silver 2012
GLD broke its Broadening Wedge trendline and appears ready to launch into an approximate 20% decline from the trendline. While the next support is intermediate-term trend support at 162.68, there are no other supports between it and the daily cycle bottom (not shown) currently at 131.55.
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Friday, February 17, 2012
Ultra Nat Gas ETF Approaching Resistance / Commodities / Natural Gas
Today's pop in natural gas impacted the ProShares Ultra DJ UBS Natural Gas ETF (BOIL) positively, with the latter's price structure climbing above its February resistance line (green) and continuing towards a confrontation with more significant resistance at 14.50/55.
A close above 14.55 should trigger upside continuation and acceleration to 15.20/50. At this juncture, only a decline that breaks 13.50 will begin to compromise the timing of the upside breakout.
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Friday, February 17, 2012
Gold and Silver Short-term Dip Still Likely / Commodities / Gold and Silver 2012
We like Warren Buffett. We respect Warren Buffett. We’d love to sit and have lunch with him one day. As an investor, Warren Buffett is in a class all of his own. But the Oracle of Omaha just keeps bashing gold at every opportunity.
In an article published in Fortune Magazine, based on his upcoming annual Berkshire Hathaway shareholder letter, Buffett again dismissed the yellow metal. It is hard to argue with a man whose bank balance is a zillion times bigger than yours. Obviously he has been right plenty and has the bank balance to prove it. But meantime, all the while that he has been bashing gold, it has bulldozed its way up and gold bugs have been laughing all the way to the bank.
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Friday, February 17, 2012
Silver Eagles Soar / Commodities / Gold and Silver 2012
In World War I severe material shortages played havoc with production schedules and caused lengthy delays in implementing programs. This led to development of the Harbord List - a list of 42 materials deemed critical to the military.
After World War II the United States created the National Defense Stockpile (NDS) to acquire and store critical strategic materials for national defense purposes. The Defense Logistics Agency Strategic Materials (DLA Strategic Materials) oversees operations of the NDS and their primary mission is to "protect the nation against a dangerous and costly dependence upon foreign sources of supply for critical materials in times of national emergency."
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Friday, February 17, 2012
Gold’s Pullback An Opportunity? / Commodities / Gold and Silver 2012
We mentioned Wednesday that we were interested in the charts of gold and gold mining stocks. Gold mining stocks responded today with sharp gains. Given that more money printing is on the way (much more), we added gold and gold mining stocks to our allocation today. Gold has been correcting for two weeks allowing for an improved risk/reward entry. Gold remains $195 below its peak made last year, and $37 below its recent early February peak.
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Friday, February 17, 2012
"Quiet Session" Sees Gold and Silver Flat / Commodities / Gold and Silver 2012
SPOT MARKET prices for buying gold held just above $1730 an ounce during flat trading this morning in London, as speculation continued over whether a Greek bailout will be agreed next week.
Prices for buying silver were also very flat – hovering above $33.50 an ounce – as were those for commodities and stocks ahead of President's Day in the US on Monday.
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Friday, February 17, 2012
Gold Testing Support At $1,700 And Gains in XAU and HUI Are Positive / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,732, EUR 1,316.51, and GBP 1,093.09 per ounce.
Yesterday's AM fix was USD 1,716, EUR 1,320.51, and GBP 1,094.74 per ounce.
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Friday, February 17, 2012
How to Make Over 100% Profit Using Silver Options / Commodities / Gold and Silver 2012
Larry D. Spears writes: If you listened to Money Morning's recent special report from global resources expert Peter Krauth, you know the long-term outlook for silver is decidedly positive.
Soaring investment demand, continued industrial use, a growing supply shortage, and falling ore quality all signal a sharply bullish outlook for the "poor man's precious metal."
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Friday, February 17, 2012
Gold and the Next Great War / Commodities / Gold and Silver 2012
Let's turn our attention to a cycle which we've rarely discussed over the years. The Kress 24-year cycle is one of the components of the 120-year cycle series which is scheduled to bottom in 2014. The 24-year cycle tends to get eclipsed by the longer-term cycles like the 40-year and 60-year cycles (both of which have a major impact on equity prices and the economy). But the 24-year cycle takes on a special significance all on its own: it's the cycle of war.
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Friday, February 17, 2012
Why Gold, 'In Extremis?' Are We There? / Commodities / Gold and Silver 2012
Iran
Last week we informed you that Iran claims to hold 907 tonnes of in gold reserves.
This week we're informed that Iran is using gold or oil to buy food as new financial sanctions have hurt its ability to import basic staples for its 74 million people. The difficulty paying for urgent import needs has contributed to sharp rises in the prices of basic foodstuffs, causing hardship for Iranians with just weeks to go before an election seen as a referendum on President Mahmoud Ahmadinejad's economic policies.
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