Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Tuesday, September 20, 2011

Perfect Storm Creates Tidal Wave of Gold Demand / Commodities / Gold and Silver 2011

By: Frank_Holmes

A few weeks ago we held our Case for Investing in Gold webcast with the World Gold Council’s (WGC) Jason Toussaint, who gave some remarkable insight into gold demand in the East. In these countries, gold is not only celebrated, acquired, worn or displayed during holidays or special occasions; it is seen as an everyday symbol of wealth.

Tuesday, September 20, 2011

Downleg in Crude Oil / Commodities / Crude Oil

By: Mike_Paulenoff

Nearby NYMEX crude oil finally proved the chart work correct as it plunged from the upper portion of its September congestion pattern (89.00-90.00) to the lower portion (86.00-84.00). The decline from last Thursday's lower recovery high at 90.15 into this morning's low at 84.93 has the look and structure of a completed downleg.

Tuesday, September 20, 2011

The last decade has seen tectonic shifts in the global gold market... / Commodities / Gold and Silver 2011

By: Adrian_Ash

TEN YEARS into the current bull market in gold, enquiring minds are gathered here in Montreal (along with a good number of traders, too) to ask how did we get here? What's driving the price higher? And how much further might there still be?

"History [is] a guide to the future," said Pierre Lassonde, chairman of the $5 billion Franco-Nevada Gold Corporation to the London Bullion Market Association's annual conference, here at Le Sheraton Hotel this morning.

Monday, September 19, 2011

How High Can Gold and Silver Climb? / Commodities / Gold and Silver 2011

By: Jeff_Clark

Jeff Clark, Casey Research writes: With gold a stone’s throw away from $2,000 and already up 27% on the year, the objective investor might begin wondering how much higher both it and silver can climb. After all, gold is nearing its inflation-adjusted 1980 high – and that peak was a spike that lasted only one day.

Monday, September 19, 2011

Get Ready for Gold and Silver Christmas Rally / Commodities / Gold and Silver 2011

By: Peter_Degraaf

During 18 of the last 22 years, gold has rallied between US Labor Day and Christmas. Will the pattern this year follow the historical pattern? We will analyze the fundamentals, look at some charts and try to draw a conclusion. The charts in this report are courtesy Stockcharts.com unless indicated.

Monday, September 19, 2011

Compromise​d Global Markets Thwart Any Possibilit​y of Economic Recovery: Gold to Benefit / Commodities / Gold and Silver 2011

By: Midas_Letter

My argument is that the “disappointing recovery” that began in July is nothing less than the exhausted temporary stopgap effect of stimulus, zero interest rates, and TARP, and not, as stipulated in the mainstream, the onset of a “double dip”, or “economic weakness”. The injection of upwards of $2 trillion U.S. dollars into the global banking layer that blankets national economies created the illusion of growth by manifesting as corporate earnings among banks and Fortune 500 companies. All that the creation of all that capital has done is create more debt – which is exactly its purpose. But more than the debt issues, or rather, overshadowing the effect of debt deterioration on economic vitality, is the fact that markets – stock market index futures, derivatives and futures in all commodities – have been so thoroughly compromised as to become completely untrusted.

Monday, September 19, 2011

Gold Falls after Strong Start, Stocks Plunge on Greece Domino Effect / Commodities / Gold and Silver 2011

By: Ben_Traynor

U.S. DOLLAR gold bullion prices slipped back to $1813 an ounce Monday lunchtime in London – roughly where they ended last week – following a sharp rise at the start of Asian trading that saw the gold price leap 0.8% in half an hour.

"Investor interest in gold has continued to be sustained by widening economic uncertainties," says the latest Metals Monthly from London commodities consultancy VM Group.

Monday, September 19, 2011

Gold Forming a Bullish Consolidation / Commodities / Gold and Silver 2011

By: Jordan_Roy_Byrne

This is an important juncture for Gold and let me say the analysts. We are starting to see some disagreement on Gold and that is natural after a strong surge. It is a small part of the reason why Gold is likely to soon replicate its last move. We believe the market is ready for another big move that could leave many on the sidelines. It is somewhat of a contrarian call. After a 25% surge in less than two months its natural to assume its overbought and a correction is needed but the evidence favors another surge higher.

Monday, September 19, 2011

The Gold Continuation Triangle, and the Coming Breakout to $2,100 / Commodities / Gold and Silver 2011

By: Jesse

The Gold Daily and Silver Weekly charts are growing rather large since the key breakouts that mark this leg of their bull markets. It does give the big picture, but it could make things a little more difficult to see for the short term movements. Here is a closer look at daily gold.

Although there are a number of possibilities, some of which have been promoted by other 'name' chartists which people have sent to me, it seems most likely that gold is in a short term consolidation pattern, as a pronounced symmetrical triangle. A breakout to the upside seems most likely. That breakout will target 2100.

Monday, September 19, 2011

What Future US Monetary Policy Means For Gold Prices / Commodities / Gold and Silver 2011

By: Bob_Kirtley

Gold has traded in a choppy lateral motion recently, with prices sliding south over the past week or so. The market looks hesitant ahead of the FOMC meeting this week, with traders cautious not to take on too much prior to what could be a game changing announcement. Bears are cautious about getting too short in case Bernanke announces a significant easing of monetary policy and bulls share a similar sentiment in case the Fed announces less easing that the market currently expects. This lack of conviction coupled with some profit taking has contributed to the recent price action in gold.

Sunday, September 18, 2011

Gold Odds Favor Accelerating to the Downside / Commodities / Gold and Silver 2011

By: Merv_Burak

The week has seen some ups and downs for gold but in the end gold has been slipping slowly lower.  Will it reverse or accelerate?  Odds seem to be on the side of accelerating on the down side with some ups to confuse the issue.

Sunday, September 18, 2011

Why Gold is not good for long term investment / Commodities / Gold and Silver 2011

By: Sam_Chee_Kong

“Gold has no utility other than looking shiny and pretty. Gold demand equals fear demand and when people becomes more afraid than you in a year or two, then you will make money but if they are less afraid, then you will lose money. Gold by itself doesn’t produce anything and is a bad investment in the long run” Warren Buffet on Gold Investment

Sunday, September 18, 2011

Imminent Silver Price Crash to Devastate Longs / Commodities / Gold and Silver 2011

By: Clive_Maund

Silver has fallen back over the past week as expected, and although its uptrend from late June has now failed, which is viewed as significant, it managed to hold up above nearby support which may generate a bounce early next week. However, this should not be a cause for celebration by silver longs, as overall the picture for silver continues to look precarious in the extreme. We can see why on the year-to-date chart below, which shows that silver appears to be completing the B-wave of a large 3-wave A-B-C decline, the 3rd wave of which, believed to be imminent, is likely to be really severe and will devastate silver longs.

Sunday, September 18, 2011

Gold Moving Averages Large Gap Calls for Deeper Correction / Commodities / Gold and Silver 2011

By: Clive_Maund

Gold has fallen back over the past week as expected, but so far it has not broken down from its suspected intermediate top area, which would involve its breaking below the support shown on our year-to-date chart below. Friday's action was positive and it is entitled to stage a minor bounce early next week, as it is now not far above this important support level and the support at its rising 50-day moving average, and in addition the compression signaled by the high negative reading of the MACD histogram (blue bars) is calling for an immediate bounce. However, the now very large gap between the 50 and 200-day moving averages, which has grown larger still over the past week, continues to call for a correction below the 50-day moving average, probably to the vicinity of the 100-day moving average now at about 1624, in coming weeks. Thus, after a probable modest bounce early next week, gold is expected to break down below the support and head lower.

Saturday, September 17, 2011

Will Gold and Silver Move Lower Together? / Commodities / Gold and Silver 2011

By: Przemyslaw_Radomski

Ever wonder what it would take for Greece or the other debt ridden nations to leave the euro? According to a UBS report there are no such provisions. It appears that the only way that a country could leave in a legal way is to negotiate an amendment to create an opt-out clause. That would likely take a long time and would require a negotiation with the entire European Union with possible referenda to be held in some of the countries.

Friday, September 16, 2011

Why the Gold Price is So High? / Commodities / Gold and Silver 2011

By: MISES

Ever since Ben Bernanke began flooding the banking system with trillions of new dollars in the fall of 2008, economists and other pundits have disagreed on whether the US is in store for a grinding deflation or an accelerating inflation. Part of the disagreement stems from some people using the terms to refer to prices, whereas others refer to changes in the total quantity of money and credit.

Friday, September 16, 2011

What a Major Banking Crisis Would Do To the Gold Price / Commodities / Gold and Silver 2011

By: Julian_DW_Phillips

Loss of Faith and the Decay of Trust in Measured Terms

With the downgrade of Societe General and Credit Agricole, two of the largest French banks, because of their Greek debt holdings, it is certain that any default by Greece (which still looks more than likely) will trigger major banking crises. Moody's lowered Credit Agricole to Aa2 from Aa1 because of its Greek holdings, and will continue to review the impact of funding markets on the rating. Societe Generale was reduced to Aa3 from Aa2, with a negative outlook, as Moody's re-evaluated its level of state support. BNP Paribas (BNP) SA, the largest French bank, had its Aa2 long-term rating kept on review for a possible cut. French lenders top the list of Greek creditors with $56.7 billion in exposure to private and public debt. BNP Paribas has declined 41% in Paris trading this year, Credit Agricole has fallen 46% and Societe Generale has dropped 55% on escalating concern that the European sovereign debt crisis is turning into a banking crisis.

Friday, September 16, 2011

Ongoing Silver Bear Market Means Investors Should Diversify Into Rhodium / Commodities / Rhodium

By: Ned_W_Schmidt

RHODIUM TRADING THOUGHTS is about timely and profitable trading of precious metals. We do not believe every turn in the market can be called. Our goal is that our recommendations should be profitable. Profits are the goals, not trades. Do not expect all recommendations to be profitable. No system can achieve that lofty goal. Our goal is simply to state whether conditions for a metal are favorable or not. Buy signals are issued when appropriate. These signals are generally speaking for day they are issued. If price remains below signal price, buying can be done. Do Not Buy signals are given when market is over bought, and buying is unwise. Blue triangles indicate an over bought condition. These would not be good times to buy, so they are labeled Do Not Buy. Software is not showing complete legend, for some reason.

Friday, September 16, 2011

Gold Rallies on Dollar Bailout of Europe / Commodities / Gold and Silver 2011

By: Ben_Traynor

U.S. DOLLAR gold bullion rallied to $1789 an ounce Friday morning London time – down 3.6% from last week's close – following a sharp fall that began the previous day after key central banks announced they will begin US Dollar liquidity operations.

Silver bullion gained 1.9% from Friday morning's low to hit $40.20 per ounce by lunchtime – though this still represents a 2.9% drop for the week.

Friday, September 16, 2011

Silver is Once Again Beginning a Runup / Commodities / Gold and Silver 2011

By: George_Maniere

Silver prices are once again enjoying a run-up as they did from January through April. During that period they doubled and briefly touched $50 an ounce before settling back down to the low $30s.

As I write, silver prices are back above $40 an ounce and that may be giving you the urge to sell.  I would advise that you don’t. This recovery is for real, and it has much further to go.