Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, June 18, 2010
Gold Sets New Record High Over $1,260 / Commodities / Gold and Silver 2010
As soon as investors think it is safe to invest in growth opportunities and more risky plays, economic concerns pop up somewhere in the world. The US is still trying to figure out if it is truly in economic recovery mode with job worries remaining and Europe is burdened with debt-ridden economies.
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Friday, June 18, 2010
GLD, GDX and GDXJ True Strength Index Momentum / Commodities / Gold and Silver 2010
The True Strength Index is a low lag-time momentum indicator that can be used at www.FreeStockCharts.com. Generally, it is bullish when the indicator is above ZERO and bearish when it is below ZERO. As the indicator is very sensitive and responsive to movements of price, it can be effectively interpreted for buy and sell decisions.
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Friday, June 18, 2010
Gold and Silver, Precious Metals Summer Seasonal Doldrums / Commodities / Gold and Silver 2010
Over the past month or so, precious-metals stocks’ performance has been frustrating. Even though gold looks great, lazily meandering over $1200 without a care in the world, the PM stocks have drifted sideways to lower. Unfortunately such behavior is typical in the dreaded PM summer doldrums.
These doldrums exist because strong seasonal forces affect gold demand. While gold’s newly-mined supply flows to the markets at an essentially constant rate throughout the year, this metal experiences wild fluctuations in demand. And unfortunately none of the usual demand spurts coincide with summer.
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Friday, June 18, 2010
Rhodium Commodity Trading Thoughts / Commodities / Commodities Trading
RHODIUM TRADING THOUGHTS is about timely and profitable trading of precious metals. We do not believe every turn in the market can be called. Our goal is that our recommendations should be profitable. Profits are the goals, not trades. Do not expect all recommendations to be profitable. No system can achieve that lofty goal.
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Friday, June 18, 2010
Gold Jumps to New Dollar High as T-Bonds Pose Risk to Asian Central Banks / Commodities / Gold and Silver 2010
THE PRICE OF GOLD jumped to new record highs for Dollar investors on Friday morning, peeping through the "resistance" identified by several bank analysts at last week's peak of $1254 an ounce.
European stock markets held flat but emerging Asia ended the week 3.6% higher – the best showing of 2010 so far.
Friday, June 18, 2010
Afghanistan’s Natural Wealth Evaluated at $1 Trillion / Commodities / Afghanistan
In Afghanistan, American geologists have discovered deposits of iron, copper, lithium, cobalt, and gold worth $1 trillion. Experts believe that these reserves may not only stop the poverty in one of the poorest countries in the world, but turn Afghanistan in a flourishing country and one of the largest centers of natural resources excavation.
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Friday, June 18, 2010
How to Profit From Peak Oil as Crude Oil Prices Set to Double / Commodities / Crude Oil
Peter Krauth writes: If there's one thing U.S. investors need to know about the future, it's this: Oil prices are headed higher - much higher, in fact, and could well double to reach $150 a barrel.
And if that's what the future holds, you may as well go along for the ride...
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Friday, June 18, 2010
Crude Oil Realities / Commodities / Crude Oil
Without a doubt, the oil spill in the Gulf of Mexico is an environmental disaster. Unfortunately, as far as the global economy is concerned, Mr. Obama’s six-month moratorium on new offshore drilling is an even bigger disaster.
Remember, the supply of crude oil is already struggling and in order to offset the ongoing depletion, the world desperately needs to find new oil-fields. Thus, by stopping new exploratory drilling in the Gulf of Mexico, the US establishment is wasting precious time.
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Thursday, June 17, 2010
Geological Anomalies are Like Opinions: Everybody Has One / Commodities / Energy Resources
By Louis James, Senior Editor, Casey’s International Speculator : There's a great deal of chatter in the press and online about the tremendous US$1-trillion-dollar mineral "discovery" in Afghanistan headlined by The New York Times recently. Most of the discussion seems to center on whether or not this is really news and whether or not the NYT was played by the powers that be for purposes of their own. Few, if any, people seem to be questioning the value of the so-called discovery itself. The US$1-trillion-dollar figure, at best, cannot be anything more than the wildest of hopeful guesses.
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Thursday, June 17, 2010
Why Uranium Will Make Someone Rich / Commodities / Uranium
Uranium is a very unusual sector. For one, it's small. So small, that at one point in history top-producing nations like Canada and France tried to form a uranium cartel to control prices for the metal.The "uranium OPEC" failed. But production today is de facto controlled by a handful of companies.
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Thursday, June 17, 2010
Gold and Silver Rise as Dollar Falls / Commodities / Gold and Silver 2010
THE PRICE OF both gold and silver jumped against the Dollar on Thursday, rising as world stock markets gained and the US currency dropped to a 3-week low against the Euro.
Gold gained 1.4% from Wednesday's low to hit a 7-session high at $1245 an ounce.
Thursday, June 17, 2010
Gold Flat as Coffee Surges 20% in 6 Days and Oats Surge 40% in Week / Commodities / Commodities Trading
Gold and silver fell marginally yesterday in lacklustre trade on thin volumes. Gold appears to be consolidating above $1,200/oz and support can be seen at $1,177/oz and $1,145/oz (see chart below). As ever in the short term anything could happen but given the continuing degree of sovereign risk, gold is more likely to move higher than lower in the medium term and $1,300/oz remains possible over the summer despite the traditionally negative season. Gold is currently trading at $1,234/oz and in euro, GBP, CHF, and JPY terms, at €998/oz, £834/oz, CHF 1,374/oz, JPY 112,664/oz respectively.
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Thursday, June 17, 2010
Why Coal Prices Will Soar / Commodities / Coal
Chris Mayer writes: In 2001, consensus opinion had the population of Beijing, China hitting 14 million by 2040. It topped that by 2003. Today, it has about 22 million people.
Also in 2001, experts thought Beijing would have – gasp! – 1 million cars on its roads by 2010. It also topped that figure in 2003. Today, there are nearly 5 million cars on the road.
Wednesday, June 16, 2010
Silver, Is Now a Good Time to Buy? / Commodities / Gold and Silver 2010
By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report : Silver has been sizzling and causing lots of buzz in the industry. Investors are excited.
Part of the hubbub is due to its current run. Since its February 8 low, silver has roared ahead 22.4% (through June 21) and has doubled from its November 2008 low.
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Wednesday, June 16, 2010
Pricing Deflation in Aussies Per Gold Oz / Commodities / Gold and Silver 2010
Unlike the Australian Dollar, gold pays less interest than even the US Dollar or Japanese Yen...
IF GROWING INFLATION is our future, then a likely-looking bolt-hole for retained capital must be the Australian Dollar.
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Wednesday, June 16, 2010
Psychology of the Copper Market, Implications for the Global Economy / Commodities / Metals & Mining
Copper is often referred to as the metal with a Ph-D in macro-Economics, since it finds its way into so many industrial applications, including automobiles, appliances, airplanes, pipes, wires, and even computer chips, to mention just a few of its uses. As such, it acts as a top forecaster of where the global economy is heading next, especially China, Asia’s economic locomotive. Copper is a favorite tool for speculators in the commodities markets, given its cyclical nature and volatility.
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Wednesday, June 16, 2010
Gold, Soveriegn Risk and Austrailian Super Tax Redesign / Commodities / Gold and Silver 2010
Europe is not “all better” by a long shot and the net result will be more turmoil and attraction to gold as a safe haven investment. Volatility is the other most important trend this year as we ebb and flow between risk aversion and risk appetite. Each new “revelation” about German and French bank US$958B, or total European bank US$1.6T exposure to the PIGS of Europe will bring on the volatility. UK has exposed themselves to US$370B in loans to just Spain and Ireland.
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Wednesday, June 16, 2010
What If the U.S. Dollar Crashes Overnight? / Commodities / Gold and Silver 2010
One of the questions that we've received last week was about the possible non-confirmation between gold at new highs and both silver and stocks lagging well beneath their old highs. The question is if such a non-confirmation becomes a source of worry at some point, since these three sectors traditionally move together.
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Wednesday, June 16, 2010
Gold Bullish as Correlations Normalize, Analysts Expect More Upside in Silver / Commodities / Gold and Silver 2010
THE PRICE OF GOLD eased back from an early 1-week high vs. the Dollar on Wednesday, trading 0.8% higher from yesterday's London Gold Fix as a rise in Japanese equities failed to spur European stock markets.
Euro investors wanting to buy gold saw the price rise further as the single currency dropped, trading more than 1.9% above Monday's low at €32,400 per kilo.
Wednesday, June 16, 2010
Gold Consolidates in All Currencies While Silver Breaks Out / Commodities / Gold and Silver 2010
Gold added 1.1 percent yesterday, the most in a week and is up marginally today and trading within 1.3 percent of its record nominal high of last week. Gold appears to be consolidating above $1,200/oz and a this may be the pause that refreshes prior to new record highs. Gold has also risen in other currencies and is back above €1,000/oz as concerns about sovereign debt issues and economic growth in the eurozone continue.
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