Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, July 16, 2010
Gold Consolidates in the Summer Doldrums as Dollar Falls Sharply / Commodities / Gold and Silver 2010
Gold eked out small gains yesterday as the dollar fell sharply on concerns about the US economic outlook which the poor Google and JP Morgan results did not help. Gold continues to consolidate around the $1,200/oz level and since the start of July gold (in USD terms) remains in a tight range between $1,185 and $1,218/oz where there is a determined seller. Gold is currently trading at $1,206/oz, €930/oz and £785/oz.
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Friday, July 16, 2010
Bear Cloud Hanging Over Gold / Commodities / Gold and Silver 2010
The 2010 recovery in Gold has so far failed to hold the higher levels above its previous peak made last December. There is a weakness creeping into the chart structures that puts us on the alert for a bear attack.
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Friday, July 16, 2010
Brazil Feeding the World / Commodities / Brazil
Cheap labor and a good climate for crops have positioned Brazil to make gains in agriculture. This week we sent global strategist Jack Dzierwa (pictured here) south for a look at opportunities.
Brazil is currently #4 in the world in agriculture, and the sector is the largest component of the country’s $2 trillion economy. It employs more than 20 million people, or one out of every five workers in the nation.
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Friday, July 16, 2010
We Can't Live Without Gulf Oil / Commodities / Crude Oil
Tragic as the situation is, "everything is going to be okay" in the Gulf of Mexico, according to Stansberry & Associates Investment Research Founder Porter Stansberry. Porter, who built his reputation on finding safe-value investments poised to give his followers years of exceptional returns, also has a reputation as an independent thinker with a penchant for "out-of-consensus" viewpoints. He shares some of his contrarian opinions in this exclusive interview with The Energy Report. Porter sees no risk of bankruptcy or default with BP, the Macondo emerging as an enormously beneficial well, and more drilling there in the future because 1) there are no good replacements for oil and 2) "we can't live without oil from the Gulf."
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Thursday, July 15, 2010
Agri-Food's Impact From Russia's Worst Drought in a Decade / Commodities / Agricultural Commodities
Last we talked was how pigs were being made into bacon in the markets for oats. Many at that time perhaps did not realize that both a cash and futures market existed for their oats. In that discussion we noted that a goodly reason the back of the bear run in oats was broken was too much rain in Canada. Weather, it seems, has a way of ignoring the forecasts of analysts and traders. Those lost oats, and other grains, in Canada, will indeed be made up, NEXT YEAR. Agri-Foods are not produced in factories.
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Thursday, July 15, 2010
Gold Strategy To Turn $10,000 into $2 Million / Commodities / Gold and Silver 2010
Dr. Steve Sjuggerud writes:I came up with a Simple Strategy to tell you when to own gold... and when not to.
It's so simple, you could teach a monkey to follow it.
Best of all, $10,000 invested in this Simple Strategy would have turned into nearly $2 million. Just buying and holding gold over the same time period would have turned $10,000 into just $300,000.
Thursday, July 15, 2010
Gold New All Time Highs in Euros Likely / Commodities / Gold and Silver 2010
Gold continues to consolidate above the $1,200/oz level and traded in a range between $1,207/oz and $1,215/oz overnight in Asia. Gold has risen slightly in European trade as the dollar has come under pressure. The poor retail sales have created concerns about the health of the US consumer and the other poor recent data on jobs and trade and budget deficits may see the dollar come under pressure again. Support for gold is at $1,195/oz and resistance is at $1,217.90/oz.
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Thursday, July 15, 2010
Why Gold Bullion is Outperforming Mining Stocks / Commodities / Gold and Silver 2010
If the investment choice is between mining stocks and physical bullion, it is essential to remember that these are different asset classes with entirely different risk/reward attributes. Mining stocks and bullion perform quite differently when the global economic environment is in turmoil, as is the case today. Banking crises, trillion-dollar deficits and the accelerating depreciation of many of the world’s major currencies do not create positive conditions for equity markets, which is why investors are fleeing to the safety of physical bullion.
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Thursday, July 15, 2010
Gold and Silver Rise vs. Falling U.S. Dollar / Commodities / Gold and Silver 2010
Gold & Silver Rise vs. Falling Dollar as Chinese "Take Refuge" in Precious Metals, World Faces "Shortage of Safe Assets"
THE PRICE OF wholesale gold bullion and silver rose against the US Dollar on Thursday, nearing new highs for July at $12.15 and $18.50 an ounce respectively, but slipping in terms of other currencies as government bonds fell and commodities gained.
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Thursday, July 15, 2010
Gold Forecast $3,424 and Silver $86.50 in January 2011 / Commodities / Gold and Silver 2010
As an investor in the precious metals sector no doubt you are getting tired of waiting and probably on the verge of giving up. In our opinion, don’t.
Yes, while many analysts, including us, are optimistic of a great explosion in the share prices of most precious metals shares, our timing has been elusive.
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Thursday, July 15, 2010
Precious Metals In A Jobless Economic Recovery / Commodities / Gold and Silver 2010
Already months into a “recovery,” we're hearing about how this will turn out to be a jobless recovery – that is, the economy will grow without adding any actual jobs or reducing at all the number of unemployed persons. While we would all like to embrace that idea, the theory that an economy can grow without anyone being employed simply isn't practical. However, precious metals investors should like it for one simple reason: higher prices.
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Thursday, July 15, 2010
What are the Differences between Investing Silver and Gold? / Commodities / Gold and Silver 2010
The traditional rule that gold always trades within a range of 20 to 70 times the value of silver may quickly be tested as the financial markets lose their fear and again start investing in stocks, bonds and other investments.
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Thursday, July 15, 2010
Using Gold and Silver Stocks to Survive Debt Deleveraging Deflation / Commodities / Deflation
Newsletter Writer Michael Berry, PhD, is one of the most respected economic strategists in America and a frequent to contributor to The Gold Report. On this occasion, Michael's son, Chris, joins the discussion and shows he's clearly a chip off the Berry block. Among other things, the Berrys discuss the growing fears of deflation as well as several promising junior gold plays in Colombia and the Yukon. It's all part of their "three legs of the survival stool" approach to investing that you will learn about in this exclusive interview with The Gold Report.
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Wednesday, July 14, 2010
Pause, not Reversal, in Gold Flight-to-Safety Trade / Commodities / Gold and Silver 2010
What is fascinating about the enclosed daily charts of spot gold and nearby 10-year T-note futures is that both major trends remain very much intact and dominant despite the recent weakness. In fact, the weakness has NOT violated any meaningful prior pivot low -- in gold at the May 21 low of 1165.74 and in the T-notes at the June 21 low of 119-24.Read full article... Read full article...
Wednesday, July 14, 2010
Gold Price Capped at $1215 by Determined Seller as Pressure Continues to Build / Commodities / Gold and Silver 2010
There is a determined seller of gold over 1215.
This is not profit taking. One does not smash price rallies down to obtain profits from selling actual positions.
Wednesday, July 14, 2010
The Bearish Gold Bull / Commodities / Gold and Silver 2010
I have taken some excerpts from our new GoldOz Newsletter service to construct this article. Even the hedge funds boys are reportedly dazed by market action after their worst performance in 18 months during May. Has it been difficult to assess the markets this year? No it has been extremely hard. This is firstly because of the political and regulatory changes that are clouding the picture. The second difficulty is that we are transitioning into a new financial world and I do not say this lightly.
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Wednesday, July 14, 2010
Gold and Silver Slide, Expanding Eurozone Faces Either State or Banking Insolvency / Commodities / Gold and Silver 2010
THE PRICE OF GOLD and silver bullion edged 0.7% below yesterday's two-week highs in London on Wednesday morning, trading at $1207 and $18.17 per ounce respectively as European stock markets fell for the first session in seven.
The US Dollar rallied from its lowest Euro level in nine weeks, but slipped from a near two-week high vs. the Japanese Yen at ¥89.10.
Wednesday, July 14, 2010
Gold Traded Options at $2,000/oz Surge By More Than 1,000% in 10 Weeks / Commodities / Gold and Silver 2010
Gold rose 1.26% yesterday after the Portuguese debt downgrade; silver rose 2%. Gold has gradually edged up in Asian and early European trade. It may challenge resistance at yesterday's high of $1,217.90/oz but if it falls below the recent trading range of $1,210/oz to $1,215/oz it could quickly fall to short term support of $1,195/oz and $1,190/oz.
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Wednesday, July 14, 2010
Silver Staggering Supply Stats / Commodities / Gold and Silver 2010
I got a June 2010 brochure from silverinsidersreport.com that contained an interesting fact about SLV, the Exchange Traded Fund (ETF) for silver, which is that Peter Keusgen, the writer, says that SLV is “the main alternate source of storage” of silver and “which accounts for around 50% of world silver inventory”! Wow!
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Tuesday, July 13, 2010
The Oil Price, Where is the Next Buying Opportunity? / Commodities / Crude Oil
Brian Hoffman writes: About six months ago I wrote that the technical outlook for oil prices indicated oil prices may drop in the event of a downward breakout from the rising wedge that had formed in the price chart for light crude oil, or that prices should find support at US$85 per barrel if an upward breakout were to occur from that price level. A downward breakout occurred and we are now looking at the possibility of even lower oil prices over the next few months.Read full article... Read full article...