Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, July 14, 2011
The Fight For Dreamtime Gold / Commodities / Gold and Silver 2011
GERMANY SAYS
By July 13, in the space of one week, Europe's dramatic monetary, financial and economic meltdown had spiralled up several notches to feature ever more strident, irrational and impossible claims and counterclaims from the rightly named political and economic 'players' responsible for the mess. Outside Germany, most media coverage presented this as Germany-versus-the-rest. The strongest economy in Europe, with the biggest gold reserves in its central bank was laying down the law on what happens next. Unreality notched further up with the German claim that this time around, in the constantly growing spiral of sovereign debt crises and bailouts in Europe, the private banks, insurers and other key players such as mortgage lenders will have to shoulder plenty of the costs - which in fact is impossible.
Thursday, July 14, 2011
Gold Strength in All Fiat Currencies / Commodities / Gold and Silver 2011
Let others worry about trampoline jumping fiat currencies in the financial arena constructed by paperbugs. Gold bulls know all paper is sinking relative to Gold (and silver). It's not rocket science, it's the common sense that seems to be in short supply in a world held hostage by printing press-running central banksta fascists/corporatists.
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Thursday, July 14, 2011
Gold, Silver and Crude Oil Show Signs of Strength / Commodities / Gold and Silver 2011
The past couple months (May and June) have been tough on precious metals and crude oil. But recent price action shows that buyers are stepping back into the market buying up these commodities once again.
Let’s take a quick look at the charts…
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Thursday, July 14, 2011
Gold and Silver Picking Up Steam Relative to Stocks / Commodities / Gold and Silver 2011
Before we check in on the current status of gold (GLD) and silver (SLV), it is helpful to review their fundamental appeal to investors. Studying the performance of silver relative to gold is not just for gold bugs; it can help us monitor the health of the ‘risk on trade’ relative to the ‘risk off trade’ in many markets, including stocks (SPY) and commodities (DBC).
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Thursday, July 14, 2011
Mining Stocks, Gold and Silver: Short Term Bounce or More Meaningful Move? / Commodities / Gold & Silver Stocks
Recently, investors have been concerned over the possible effect of the expiration of QE2. They have been looking for a clear mission statement in order to understand the effect of government policy on their investment universe. This has sent gold(GDX) and silver(SIL) miners to key support levels and oversold conditions not seen in more than two years. Today came renewed hope for precious metals and mining stock investors from Chairman Bernanke. The U.S. central bank is prepared to provide additional stimulus if the current economic slow patch persists.
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Thursday, July 14, 2011
Gold and Silver Poised to Surge on Ticking Debt Bombs / Commodities / Gold and Silver 2011
Gold and silver are threatening to break new ground driven by one simple fact: Nearly all wealthy nations are labouring under one form of debt/monetary inflation issue or another. Ireland and Greek bonds have now been reduced to junk, Japanese bonds became safer than Chinese as reports of China’s massive deficits internally offset the rosy picture supported by 9.5% performance in the Chinese economy. Italy is looming large as the next bailout candidate, and the United States prioritize political brinkmanship over problem solving. Gold and silver are seeking new highs and threaten to break out strongly – especially now that the Fed has acknowledged a willingness to launch QE3.
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Thursday, July 14, 2011
Gold Trade Getting Crowded / Commodities / Gold and Silver 2011
About six sessions ago, when spot gold was climbing towards its May-July resistance line ($1551), and EUR/USD was pressing lower towards its May-July support line (1.4170/80), I made a judgement call: I decided to buy the euro into its support line, looking for the end of its 9 week bullish consolidation pattern, ahead of a powerful thrust that projected to new highs above 1.5000.
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Thursday, July 14, 2011
Bernanke Just Lit the Fuse Under Gold and Silver / Commodities / Gold and Silver 2011
Hello QE3 – Bernanke Just Lit the Fuse on $1,800 Gold and $55 Silver by Year End!
Federal Reserve Chairman “Helicopter” Ben Bernanke indicated that the U.S. economy is at a crossroads this morning, telling Congress the central bank is prepared to provide further stimulus. Investors reacted by dumping dollars, buying stocks and pushing gold to a new all-time high of $1,585. Silver, while still significantly below its 2011 high near $50, has advanced nearly 6% today.
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Wednesday, July 13, 2011
Gold Lack of GLD Demand, Silver Supply Glut Unfolding / Commodities / Gold and Silver 2011
Coins always have to sides. We all are familiar with well-worn story of heads I win and tails you lose. Maybe this time the coin may be far more desirable. Perhaps it is now heads we win, tails the politicians lose. Maybe the markets are telling us that indeed the era of Keynesian socialism is now becoming part of history. Another chapter in the book of dead and failed economic and political ideologies may be in the process of being written.
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Wednesday, July 13, 2011
B.I.S. Gold/Currency Swaps and a Greek Drachma? / Commodities / Gold and Silver 2011
In the last year, according to the B.I.S.'s annual report Central banks have pulled 635 tonnes of gold from the Bank for International Settlements in the past year, the largest withdrawal in more than a decade. The move, disclosed in the BIS's annual report, marks a sharp reversal from the last year when central banks added to deposits of gold at the so-called "bank for central banks".
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Wednesday, July 13, 2011
Gold Hits New Dollar, Euro and Sterling Records, Fed Considering QE3 / Commodities / Gold and Silver 2011
PRICES to buy gold set a new record intraday high Wednesday lunchtime in London at $1577.73 per ounce – slightly above May's previous all-time high – having soared overnight after publication of Federal Reserve minutes hinted at a third round of quantitative easing.
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Wednesday, July 13, 2011
New Record Gold Highs in USD, GBP and EUR on Moody’s Ireland Debt Downgrade / Commodities / Gold and Silver 2011
Gold is trading at $1,572.35/oz, €1,116.17/oz and £985.49/oz.
Gold for immediate delivery rose to new record nominal highs of 987.58 British pounds and 1575.18 U.S. dollars in London this morning. New record nominal highs were seen for gold in euros (1,123.50 euros per ounce), pounds and dollars yesterday.
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Wednesday, July 13, 2011
Don't Fall for the Gold Stock Death Cross / Commodities / Gold & Silver Stocks
Recent trader 'chatter', to use the US Government term, has indicated that some people have become concerned with the "death cross" appearing in major gold stock indices like the Gold Bugs Index (AMEX:HUI). A death cross is denoted when a short term moving average (50 day) crosses over a long term moving average (200 day).
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Wednesday, July 13, 2011
The Real Rare Earth Elements Demand Investment Opportunity / Commodities / Metals & Mining
Finding experienced teams could be elusive in the rush to capitalize on growing demand for heavy rare earth elements. Energy and Scarcity and Outstanding Investments Editor Byron King unearths companies that can deliver the goods along with shareholder value in this exclusive interview with The Critical Metals Report.
The Critical Metals Report: In late June, Takashi Yamanouchi, president of Mazda Motor Corp., said as much as 90% of the world's car engines, including hybrids, will still be gas powered in 20 years. What does that prediction do to the investment thesis that electric vehicles (EVs) will drive the development of rare earth element (REE) deposits? Read full article... Read full article...
Tuesday, July 12, 2011
New Upleg for Crude Oil? / Commodities / Crude Oil
My hourly pattern work in nearby NYMEX crude oil futures indicates that the structure of the decline from the July 7 high at 99.42 into this morning's low at 93.55 exhibits a completed corrective leg. If accurate this also means that oil has initiated a new upleg within a larger recovery rally period off of the June 27 low at 89.61 that projects above 99.42 into the 101-103 target zone.
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Tuesday, July 12, 2011
Gold Dreamtime, The Euro And Other New Moneys / Commodities / Gold and Silver 2011
Once upon a time there was the Eurozone and its all-new hard money, the euro. It got off to a good start with a monstruously high forced surrender cash-in rate for the national moneys it replaced: depending on country, around 15 to 25 percent above the euro's real worth. This yielded several years in the early 2000's when it wasn't even necessary to doctor the official inflation numbers, but through a penchant for old ways and traditions, national economic agencies, the European Commission, the ECB and other rightly named players kept on doing it. This made sure the economic data was absolutely fake, an important aid to launching a now-floundering cuckoo money.
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Tuesday, July 12, 2011
Gold Drifts Lower, Stock Markets Nosedive as Crisis Spreads to Italy / Commodities / Gold and Silver 2011
DOLLAR gold prices fell to around $1543 an ounce Tuesday morning London time – just below where they ended last week – while stocks and commodities took a beating as concerns grew over Italian sovereign debt.Silver prices also dropped, falliing below $35 per ounce – 4.6% down for the week so far.
Tuesday, July 12, 2011
Academic Proof that Gold is an Important Diversification Against Inflation and Deflation / Commodities / Gold and Silver 2011
Gold is trading at $1,543.94/oz, €1,108.99/oz and £976.81/oz.
Equities internationally and bonds in Greece, Ireland, Spain and Italy have fallen this morning while gold rose to new record nominal highs in euros and pounds (over EUR1,118/oz GBP980/oz respectively). The Italian 10 year rose above 6% for the first time and the Spanish 10 year yield rose to 6.12%. US stock futures are pointing to losses on the U.S. opening.
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Tuesday, July 12, 2011
Why the U.S. Should Return to the Gold Standard / Commodities / Gold and Silver 2011
David Zeiler writes: Should the U.S. return to the gold standard?
It's a question that has taken on new relevance during a time of soaring deficits and sky-high national debt. Many of the world's most successful governments, from ancient Rome to the British Empire, enjoyed centuries of economic stability by adhering to a gold standard. And some economists credit the period of prosperity at the end of the 19th century to a global gold standard.
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Tuesday, July 12, 2011
Gold and Silver Summer Trend Update / Commodities / Gold and Silver 2011
Historically the precious metals prices drift lower during the summer months, with a bottom in July, although sometimes not until August. At this time of year demand from India is less because the festivals are over and demand from jewelers is low because of summer holidays. Investment demand is also down because buyers are expecting a correction.
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