Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, August 05, 2011
Gold Manage to Do What the Euro Did Not? / Commodities / Gold and Silver 2011
President Obama’s slogan changed from “Yes we can” to “Yes we cave,” as heard on one of the Late Night shows this week. It only took the threat of financial Armageddon to get both sides to work together and get the debt ceiling legislation passed. So the U.S. avoided economic disaster, as if $16 trillion in debt is not economic disaster. Congress waited until the last minute, taking an unnecessary risk in a fragile economy and engaging in political brinkmanship that has raised fears in the rest of the world that America is in for a long period of political instability that could have profound consequences for global growth, investment and diplomacy.
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Friday, August 05, 2011
Gold Continues to March Toward $4,000 / Commodities / Gold and Silver 2011
$1,700.
The above represents the price of gold per ounce that was nearly reached Thursday (high of $1,683).
During the past month, gold has risen 10 percent to $1,650.
Friday, August 05, 2011
Gold Dips as Germany and ECB Dragged Towards Shock and Awe / Commodities / Gold and Silver 2011
U.S. DOLLAR gold bullion prices fell to $1655 an ounce Friday lunchtime London time – 1.6% off the latest all-time high set the previous day – following the release of better-than-expected US employment data.
Stock markets bounced after nonfarm payrolls data showed the US economy added 117,000 jobs last month. The US unemployment meantime rate fell slightly to 9.1%.
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Friday, August 05, 2011
Silver Recovery Set To Continue / Commodities / Gold and Silver 2011
The earlier 2011 fall back in Silver prices found interesting Fibonacci support on the daily and longer term charts and, now, the initial recovery looks well-placed to further satisfy shorter term bulls.
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Friday, August 05, 2011
Correlation between India and Gold / Commodities / Gold and Silver 2011
Gold is reaching record highs these days. Who benefits most of high gold prices?
Those who hold a lot of the yellow metal of course. In India, there seems to be a real gold rush these days, as we can read in an article at mineweb.com.
Friday, August 05, 2011
Gold Stocks: Where Is The Leverage? / Commodities / Gold & Silver Stocks
It’s often said that gold stocks have a leverage effect on a rising gold price.
In this article we will have a look at some charts, to see if this statement is true.
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Thursday, August 04, 2011
Gold is the True Reserve Currency / Commodities / Gold and Silver 2011
The reliance upon the U.S. dollar as the world's reserve currency and "safe haven" asset has created a perverse, but deeply entrenched, mindset among global investors. In fact, many believe the major financial players have no alternatives to owning U.S. debt and dollars. They argue that the market for U.S. dollars and Treasuries is the only financial pool large enough to handle the massive liquidity that sloshes around the globe on a daily basis. This idea makes a mass exodus from U.S. debt holdings seem impossible. This provides a nice explanation why the U.S. Treasury bonds can rally even while the government openly flirts with default and ratings agencies issue downgrades. But just because an illogical event occurs habitually does not mean it is logical or tenable.
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Thursday, August 04, 2011
Gold and Silver Are Firing On All Cylinders / Commodities / Gold and Silver 2011
After an eight day losing streak, the Dow (NYSE:DIA) found a way to close the day higher on Wednesday. The S&P (NYSE:SPY) closed higher at 1,260, but has barely gained since it opened the year at 1,257. As the economy continues to struggle, money is flowing from equities into safe havens such as gold (NYSE:GLD) and silver (NYSE:SLV). Gold closed at another nominal high of $1,666 as silver neared $42.
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Thursday, August 04, 2011
Gold Rallies as Japan Joins Global Currency War / Commodities / Gold and Silver 2011
THE DOLLAR gold price climbed to $1671 an ounce Thursday lunchtime in London – just a Dollar or so below Wednesday's record high – while stocks and commodities fell after Japan became the second country in as many days to try to halt the rise of its currency.
Silver prices traded in a tight range around $41.70 per ounce – up 4.6% for the week so far.
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Thursday, August 04, 2011
Gold Surges as Yen Falls Sharply and Global Currency Wars Resume / Commodities / Gold and Silver 2011
Gold has surged nearly 4% in Japanese yen this morning as the BOJ entered currency markets overnight selling yen thereby depreciating their currency against the dollar and other fiat currencies.
Gold is higher against all currencies and is trading at USD 1,663.50, EUR 1,168.20, GBP 1,018.30, CHF 1,291.00 per ounce and 133,000.00 JPY per ounce. Gold’s London AM fix was USD 1664.25/oz, EUR 1170.61/oz, GBP 1,018.20/oz. Gold reached new record nominal highs in majors yesterday and remains close to these record highs today.
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Thursday, August 04, 2011
Nuclear Glow at the End of the Tunnel / Commodities / Nuclear Power
By Elizabeth Manning, Casey Energy Opportunities writes: Nuclear energy has taken a beating since the Fukushima crisis began in March, but we believe the arguments are strong that it's not down for the count.
There are a couple of factors that the Casey Energy Team considers bullish for the nuclear industry and market. Let's take a closer look and back them up.
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Thursday, August 04, 2011
Time to Buy Battered Junior Gold and Silver Mining Stocks / Commodities / Gold & Silver Stocks
Move into gold and silver was the advice James West, founder of the Midas Letter Opportunity Fund, gave Midas Letter subscribers in June. He recommended moving from the junior stock market to 100% gold, silver and precious metals funds backed by bullion. For a while it looked like a bad call. But as markets tanked, gold and silver soared, and it turned out to be a smart strategy. Now might be a good time to sell the metals and get back into the juniors, he says.
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Thursday, August 04, 2011
Gold, Medicare and Foreigners' Money / Commodities / Gold and Silver 2011
Forty years ago this month the Dollar lost its link to gold. The result was a growth in entitlement spending...
I was the one who let you know
I was your sorry ever after
'74-'75
Thursday, August 04, 2011
Upside Continuation Expected for Silver SLV ETF / Commodities / Gold and Silver 2011
Yesterday we noted for our subscribers that all of the action in the iShares Silver Trust ETF (SLV) from the July 19 high at 40.39 into Monday's low at 37.93 represented a secondary retest of the July upside breakout plateau -- and that the upmove since Tuesday represented the start of a new upleg. We noted the SLV should climb above 40.39 on the way towards our next optimal target zone of 42.30/60.
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Wednesday, August 03, 2011
Is Gold a Bubble? 14 Charts, the Facts and the Data Suggest Not / Commodities / Gold and Silver 2011
Gold is higher and is trading at USD 1,668.90 , EUR 1,167.10 , GBP 1,018.40 and CHF 1,287.70 per ounce. It is slightly lower in euros but higher in U.S. dollars, Swiss francs, the Japanese yen, and the Australian and New Zealand dollar. Gold’s London AM fix was USD 1,667.50, EUR 1,167.50, GBP 1,016.77.
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Wednesday, August 03, 2011
Gold Sets Dollar Sterling and Euro Record Hish on Eurozone Credit Crunch / Commodities / Gold and Silver 2011
THE DOLLAR gold price set a new intraday record of $1672 per ounce Wednesday morning – a 2.7% rise from last Friday's close.
The gold price at the London Fix meantime hit four figures in all three currencies for which it's set – the Dollar, Euro and Pound – for the first time in history on Monday afternoon.
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Wednesday, August 03, 2011
Gold Accelerates as U.S. Equities Enter Cyclical Stocks Bear Market / Commodities / Gold and Silver 2011
In recent weeks I’ve read a few missives from mainstream advisors and pundits on the merits of stocks. These people despise Gold and are quick to point out that since March 2009, stocks have outperformed Gold. This means very little as it is an arbitrary date. Gold will continue to outperform stocks and then stocks will outperform into the next decade. Trends and markets are cyclical and not permanent.
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Wednesday, August 03, 2011
U.S. Yield Curve Flattening To Prompt Fed Monetary Easing and Gold $1800 / Commodities / Gold and Silver 2011
Gold prices made yet more all time highs in the last trading session, propelled by what we think was a short squeeze. Many traders were probably betting that gold prices would decline once the US debt ceiling was resolved; however this was not the case. In this article we will outline one longer term factor that we think will drive gold prices past $1800 in the next six months; the flattening of the US Yield curve. We believe the flattening of this curve is a symptom of economic weakness and coupled with rising unemployment will be the catalyst for the Fed to embark on another round of monetary easing which will send gold prices past $1800. In fact, $1800 is a conservative target.
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Wednesday, August 03, 2011
Gold and Silver as Continuing Confidence Insurance / Commodities / Gold and Silver 2011
Gold and Silver are confidence insurance and for the last 10 years I have no qualms in saying that people have had a natural instinct for gold and silver. Of course that applies more when they are owned outright or physically or without leverage. Gold and silver have historically proven themselves to be the ultimate insurance against government caused collapses of confidence. In today’s world that is proving to be all too true.
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Wednesday, August 03, 2011
Market Manipulation is Easy when Money is Free / Commodities / Market Manipulation
A concept investors had much time to ponder is the long run value of investment capital. To calculate seemingly abstract concepts, investors have very simple answers. The rule of 72 gives us a guideline for the doubling of money, and net present value calculators are now found on every computer with a spreadsheet program.
Calculating the rate at which money can earn a return is simple. Finding ways to generate that return is anything but. Further, in this period of record low interest rates, the methodology of money making has never been so twisted.
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