Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, June 28, 2010
Gold and Crude Oil are Mandatory Investments / Commodities / Investing 2010
I put out my first major buy signal in gold way back in early 2000, when gold was trading at about $260 an ounce. I said then that gold was an easy double, moving to at least $500 over the next two years.
I told my readers to add to their gold positions in October 2004, when gold crossed above the $400 level …
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Monday, June 28, 2010
Gold Near Record High as Eurozone Faces Heavy Re-Financing in July / Commodities / Gold and Silver 2010
THE PRICE OF GOLD was little changed overnight in Asia and early Monday in London trade, holding within 0.5% of last week's all-time Dollar high as Tokyo stocks slipped but European share crept higher.
The MSCI index of world equities lost 3.5% last week in Dollar terms. Spot gold prices dropped $1 per ounce to $1256.
Monday, June 28, 2010
Gold Investing, The Art Of Speculation / Commodities / Gold and Silver 2010
After the great gold bug victory of the 1970s, the economic establishment had been humiliated and disgraced. This was because none of them knew any economics. They all had gotten their fancy titles and positions by apologizing for the bankers’ privilege to create money. The bankers (and their associated vested interests) got rich. The American people got poor. (This is the first generation of Americans poorer than their parents.) And so it paid off for the bankers to hire a gang of charlatans, buy them fancy titles and infiltrate them into prestigious positions in academia so that they could use their prestige to defend the bankers’ privilege to create money.
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Monday, June 28, 2010
Gulf Tropical Storm Threat Propels Crude Oil Prices Higher / Commodities / Gold and Silver 2010
Crude oil prices surged ahead more than 3% on Friday as the first Atlantic tropical storm of the season began brewing in the Caribbean, raising concerns about disruption of production and refining in the Gulf region.Read full article... Read full article...
Sunday, June 27, 2010
Silver Giant Double Top Suspected / Commodities / Gold and Silver 2010
While silver is certainly in position to break out to new highs, which would be expected to lead to a substantial advance, its chart at this time should certainly give cause for concern to the more cautious and prudent investor.
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Sunday, June 27, 2010
Gold Imminent Reversal and Retreat, Stocks Bear Market Pattern Developing / Commodities / Gold and Silver 2010
A great way to make yourself popular is to tell people what they want to hear, and the trick is to make yourself scarce before the wheel comes off, or at least slip quickly into the background when it does. Thus you’ll find no shortage of articles out there telling you what a great investment gold is and the countless reasons for buying it. They are “playing to the gallery” which is normal near a market peak. However, most of the evidence that we are examining points to an imminent reversal and retreat - not a bearmarket though as the bullmarket in gold is thought to have much further to run and will probably end in a spectacular parabolic blow off with prices at dizzying heights compared to today, but this is still a long way ahead of us - over a shorter time horizon we may first have to deal with a significant correction.
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Sunday, June 27, 2010
Gold Price Recovery Suspect / Commodities / Gold and Silver 2010
Although gold has recovered from its mid-May plunge the strength of the recovery has been very weak and the recovery itself is suspect because of that. Although gold remains BULLISH for all time periods that may not last long. Be on guard for any surprises.
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Sunday, June 27, 2010
Deepwater Drilling Gulf Of Mexico Fundamentally Flawed Protocol In Use Of Cement / Commodities / Crude Oil
Background: Cement is a quasi-hard material that is 8X to 10X stronger in compression than tension. It has been the industry standard for sealing oil wells for decades. As deepwater drilling progresses in the Gulf of Mexico (and worldwide), there is an increasing need for much higher strength “cements” and significant research has been devoted to this area in past decade. MMS (Mines Management Services) had projects ongoing in 2001-2002 to determine industry cements to produce a tight seal in an annulus (Ref: Long Term Integrity pf Deepwater Cement Systems Under Stress/Compaction Conditions, Report 3 Issued Nov 19, 2002 by Cementing Solutions).
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Sunday, June 27, 2010
Curious Move in United States Oil Fund USO / Commodities / Crude Oil
United States Oil Fund (USO) was a big mover on Friday jumping 3.69% to $35.65, outperforming other ETFs. The fund was trading in the negative territory for the most part in the morning, but spiked up around 11:45 EST, and kept the momentum through closing.
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Sunday, June 27, 2010
UN Predicts Global Rise of Food Prices / Commodities / Agricultural Commodities
In the next ten years, prices for agricultural products in the world will grow in real terms by 15-40%, say experts from the Organization for Economic Cooperation and Development and the Food and Agriculture Organization of the UN. The reason for it is the increasing demand for food in developing countries and production of biofuels.
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Saturday, June 26, 2010
Gold, GLD, GDX and SLV, Does November 2009 Repeat in July 2010? / Commodities / Gold and Silver 2010
Last week I offered some analysis using the True Strength Index indicator on the daily and hourly charts of GLD, GDX and GDXJ. This week I would like to offer what I believe to be a realistic look at what could be headed our way in the upcoming month of July. The charts in this article were made using the publically available software at FreeStockCharts.com.
The best way to understand the big picture is to look at the big picture, so let’s do that. What follows is a weekly chart of GLD. I set the time frame back over a year and use the True Strength Index indicator below the weekly price data.
Saturday, June 26, 2010
Energy Sector Investing Update / Commodities / Energy Resources
By David Galland, Managing Director, Casey’s Energy Report writes: At first glance, no two individuals could seem more different.
The Doctor, middle-aged and balding, could be the very archetype of the college professor. The Dealman is young with a full head of well-styled hair: more than a few people have compared his looks to Elvis in his prime.The Doctor is quiet and soft-spoken. The Dealman is outspoken and, under the right circumstances, even outrageous.
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Saturday, June 26, 2010
Will the Gold Price Rise in the Short-Term? / Commodities / Gold and Silver 2010
Please note that this article will not give you a detailed chart of future gold prices or specific price levels, but it will help you to understand the short-term gold price.
The G-8 & G-20 meetings are scheduled for this weekend and the press and observers are disappointed before they have even begun. Division between the U.S. approach to growth and sovereign debt containment and repayment and the European approach should be added to fears that sovereign debt cut backs will not be achieved in the end. The global financial mood is depressing and giving rise to falling confidence in the future of the global economy.
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Saturday, June 26, 2010
Rare Earth Metals Investing Explained / Commodities / Metals & Mining
Rare earth elements (REEs) are not all that rare. They are virtually everywhere—even in economic concentrations in safe jurisdictions, says Byron Capital Analyst Jon Hykawy. What's more, the prices for some high-demand metals derived from REE deposits continue to reach new heights, almost daily. These metals are essential to the manufacture of magnets used in hybrid and electric cars and other high-end "green" technology—a thriving market indeed. If that seems like a recipe for investment success, read what Jon has to say about the REE market in this exclusive interview with The Gold Report. It's complicated. Not one REE deposit to date comes without significant baggage. But there's still money to be made if you're willing to settle for a long-term relationship.
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Saturday, June 26, 2010
Gold and Silver Preparing to Move Higher As Stocks Develop Further Bearish Confirmations / Commodities / Gold and Silver 2010
In our most recent essay we have emphasized what influence might the general stock market have on the prices of the precious metals. Since the situation appears to be developing in the direction mentioned earlier and a part of the precious metals sector might be particularly affected in the near future, we would like to provide you with a follow-up.
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Friday, June 25, 2010
Gold, Silver, How High? and When? / Commodities / Gold and Silver 2010
“The environment we’re moving into will steal money from the conservative, the prudent, the cautious investor – through currency debasement…[Investors] have to understand that they have to work to protect themselves because I see a time coming that’s going to be very painful. I hope it doesn’t come, but I think it will.” - Rob McEwen, CEO, US GoldCorp
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Friday, June 25, 2010
Stashing Gold Into Holes in the Ground / Commodities / Gold and Silver 2010
"The careful burial of this treasure probably means the owner intended to come back, but for whatever reason was unable to do so..."
DONT KNOW about you, but market depth is pretty poor down at the end of my garden. Not least at midnight, when the gnomes are asleep, rather than quoting 10% bid-offer spreads on gold coins.
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Friday, June 25, 2010
Gold’s Rise And The Dow’s Fate / Commodities / Gold and Silver 2010
In a previous article called “Gold, Dow And The South African Rand” (dated 24 May 2010), I stated: “we will probably have more of these scary drops in the gold price as we continue into this volatile phase of the gold bull market. The good news for gold bugs is that we will also have some huge up days, and the general trend will be very much up.” If you look at the gold chart, you will notice that despite the volatility in the gold price since then, the trend is definitely up. When these scary drops happen, many people start panicking and eventually get “shaken off” this great bull market.Read full article... Read full article...
Friday, June 25, 2010
Gold Seen "Stable in Summer Lull" as Yuan's "Dead-Cert" Rise Questioned / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE GOLD held onto Thursday's gains early in London on Friday, trading 0.8% below last week's record weekly finish as world stock markets slipped for the fourth day running.
Commodities also held flat, as did silver prices, trading 2.6% down for the week at $18.71 per ounce.
Friday, June 25, 2010
Crude Oil Looks Vulnerable / Commodities / Crude Oil
We have remained sidelined in Oil for quite some time now as we judged the market lacked long-term direction. Although a recovery began after the steep sell-off in May, we decided the subsequent rally was probably a correction rather than a resumption of the previous bull trend.
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