Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, September 14, 2010
Silver Closes Above $20/oz - Higest Silver Close Since March 2008 / Commodities / Gold and Silver 2010
The Japanese yen, Swiss franc, gold and particularly silver are stronger this morning as risk aversion has returned as seen in lower European equity markets. The dollar has recovered from earlier weakness and the euro has fallen to 1.284 USD and €976/oz. Oil back above $77 a barrel and rising commodity prices is likely also supporting gold and silver.
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Tuesday, September 14, 2010
Silver Breakout / Commodities / Gold and Silver 2010
The outlook for silver has brightened considerably in recent weeks due to its breaking out upside from the tight Triangle pattern that had developed through the Summer months, although it has yet to break out above its 2008 highs, which is a one crumb of comfort for bears, along with the latest COT figures. Many of the arguments set out in the Gold Market update are equally applicable to silver, to which readers are referred.
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Tuesday, September 14, 2010
Gold and Silver Bull and Bear Case / Commodities / Gold and Silver 2010
Some years ago I remember watching a retrospective documentary about life in Florida in the heady days of the Apollo moon program. In one bit of old film was one of those VW camper vans, of the type favored by freewheeling hippies, which had heavily darkened windows on one of which was scrawled the simple message "Don`t laugh - your daughter may be in here". I share this priceless memory with you in order to illustrate the crucial point that the way we perceive situations depends on how they affect us personally.
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Monday, September 13, 2010
Blatant Price Capping of Precious Metals, The Silver Bullet / Commodities / Gold and Silver 2010
The blatant price capping of precious metals over the past few days while the larger equity complex was jammed higher with the help of the bureaucracy’s price managers shows two things. First it shows how important gold and silver are in terms of being signals, where it was deemed necessary top hold them back. And second, we are at important resistance (which we will show below), where once exceeded, substantial gains should be expected in signaling another acceleration in quantitative easing (QE). Because that’s exactly what needs to be done if our fiat masters, The Boys From Brazil, are to maintain the illusion. It’s either that or settle the ongoing inflation / deflation debate with a collapse in asset prices and our fiat currency economy.
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Monday, September 13, 2010
Gold Down, Silver Up as Risk-Friendly Chinese & Basel News Outweighs Ongoing Double-Dip Fears / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in professional, wholesale dealing reversed an earlier 0.4% drop for Dollar investors as London trade drew to a close on Monday, rising back above $1247 an ounce – but staying lower vs. non-US currencies – as world stock markets rose and government bonds slipped.
Crude oil rose through $77 per barrel, while the Euro jumped almost 2¢ to a one-week high above $1.2865.
Monday, September 13, 2010
The Only Cheap Gold Investment Left / Commodities / Gold and Silver 2010
Tom Dyson writes:Gold closed at a new all time high last week, settling at $1,259 an ounce on Tuesday...
Gold is up 15% this year, 44% since the start of 2009, and 353% in the last eight years. If gold's strength continues for the rest of the year, it will have closed higher every year for 10 consecutive years.
Monday, September 13, 2010
Why Buy Gold Stocks? / Commodities / Gold & Silver Stocks
For profit and wealth protection. Gold mining companies have done extremely well over the past ten years and in particular since the 2008 credit crisis, commonly known as the Global Financial Crisis (GFC). Many investors have made well above average returns investing in gold mining companies and gold itself during this time. The opportunity has not passed because the underlying reasons that have caused this bull market have not been fixed.Read full article... Read full article...
Monday, September 13, 2010
Gold and Silver to the moon and precious metal shares into outer space / Commodities / Gold and Silver 2010
Sure, sure, gold and silver to the moon and precious metal shares into outer space… This news is all over the internet and on a multitude of T.V. advertisements.
However, if in the meantime you want to keep from losing your shirt, read on and study the chart posted below.
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Monday, September 13, 2010
Gold Lower on Basel III and Chinese Data Despite Chinese Diversification Talk / Commodities / Gold and Silver 2010
Gold and the dollar have fallen as risk appetite has returned due to the Basel III regulations and the positive economic data out of China. The euro in particular has rallied sharply in what would appear to be a relief rally after the recent weakness. Gold and silver fell marginally last week which has clouded the technical picture and could lead to momentum driven weakness this week. However, the medium and long term fundamentals remain sound and should reassert themselves if there is a period of correction and consolidation.
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Monday, September 13, 2010
Silver Break Out From Ascending Triangle Price Pattern / Commodities / Gold and Silver 2010
Below we see the chart of silver (weekly basis) from its peak in March 2008. Clearly drawn is a triangle which is almost ascending. (The top line would have to be horizontal.) We can regard it either as an ascending triangle or a symmetrical triangle. This triangle broke out on Sept. 3.
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Monday, September 13, 2010
Gold forms Overbought Rising Wedge at Resistance / Commodities / Gold and Silver 2010
Precious metals soar as investors flock to gold and silver. But are they looking deep enough to truly understand the current trends at hand?
When reviewing the metals sector I like to look at it from different angles to get a solid understanding of the patterns and trend forming. I follow multiple time frames along with monitoring the gold mining stocks. Gold stocks tend to lead the price of gold bullion and when its out performing the price of gold substantially by 10% or more you should be expecting a pause or pullback in both gold stocks and gold bullion prices temporarily.
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Sunday, September 12, 2010
Gold Push to New Highs Evaporates, Temporary Top / Commodities / Gold and Silver 2010
Tuesday there was hope gold would push into new highs but that seems to have evaporated for now. It looks like a temporary top so we will just have to wait a little longer for the next new high.
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Sunday, September 12, 2010
What's the Impact on Gold Price of a Falling U.S. Dollar / Commodities / Gold and Silver 2010
Is it true that the dollar, the yen and Swiss franc may be better investments than gold if the world economy slips back into recession? That’s the claim of New York University Professor Nouriel Roubini, famous for having predicted the US housing bust and subsequent recession more than a year before they happened.
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Sunday, September 12, 2010
On Which Basis to Value Gold? / Commodities / Gold and Silver 2010
Market metrics, like a thermometer, simply reflect the conditions in a market. They do so without opinion or emotion. Metrics such as valuation do not cause market prices to change. Valuation, however, is often a precursor of change as investors, individually and then collectively, respond to price relationships, altering their buying and selling. Valuations of markets will not make you rich anytime soon, but they could make you poorer if they are ignored.
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Sunday, September 12, 2010
Is Gold Getting Too Much Media Attention? / Commodities / Gold and Silver 2010
After a brief decline in July, gold once again finds itself in the investment spotlight as investors seeking safety from the turbulence of the bottoming 4-year cycle turn to gold. In its latest close, the gold price according to the 100 oz. COMEX index closed at $1,248.50 just below and within reach of its previous high of $1,260.Read full article... Read full article...
Sunday, September 12, 2010
Peter Schiff Says U.S. is Powerless to Prevent Runaway Inflation, Silver to Soar to $100 / Commodities / Gold and Silver 2010
Peter Schiff forecasts that Silver could reach $100 following a collapse of the U.S. Dollar as he says “The United States right now is completely powerless to prevent runaway inflation”, as the U.S. continues with policies of more economic stimulus and bigger deficits.
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Saturday, September 11, 2010
What CNBC Isn't Telling You About This Popular Commodity / Commodities / Gold and Silver 2010
Matt Badiali writes: This week, I shared an important chart with readers of my S&A Resource Report advisory.This chart can help you make a lot of money in the next few years. One look will tell you a great deal about the potential of a certain commodity we need to invest in right now.
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Saturday, September 11, 2010
What's Holding Gold Back? / Commodities / Gold and Silver 2010
Gold first broke $1,200 on December 2, 2009; nine months later, instead of witnessing the birth of the full-on gold boom I have long anticipated, the yellow metal has gained a modest 4%. Fortunately, it has spent the summer solidly above $1,150, which should put to rest the claim that we are seeing an exponential gold bubble like we saw in 1980. And those waiting for the "big pullback" to $8-900 might be seeing the futility in their cause. But I never doubted the strength of this secular bull market. In fact, I still maintain that gold is grossly undervalued. So, what's holding gold back?
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Saturday, September 11, 2010
Gold Bullion – Are the stars alligned for a major breakout? / Commodities / Gold and Silver 2010
Historically, the argument against Gold was that it provided no yield to investors. Stocks, bonds, and cash all provide some sort of yield so Gold as an investment has no merit.
But that view appears to be changing, with volatility in the equity markets, bonds now providing little or no yield (witness the US treasury yield curve and IBM's latest offering), and money markets and cd's providing scant yields Gold is looking much more attractive as a place to park cash.
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Saturday, September 11, 2010
Nine Bullish Arguments for Gold / Commodities / Gold and Silver 2010
Dr. Martin Murenbeeld, chief economist for Dundee Wealth Economics and one of the smartest gold minds around, recently released his latest chart book – hundreds of useful visuals to help him tell the gold and commodity stories.
Dr. Murenbeeld also outlines his nine bullish arguments for gold.
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