Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, April 07, 2010
Gold Second Half Launch To $1,400 Target / Commodities / Gold and Silver 2010
Isn’t the world an interesting place at present! When the historians look back and decide what to write on the history for this time period they might as well use the heading “it seemed like a good idea at the time”.
The Australian Central Bank (RBA) raised interest rates to 4.25% here yesterday. I was talking to an industry professional today about this and used the analogy that Australia could currently be likened to a car driving down a highway with two drivers. One (RBA) is applying the brakes and the other (Federal Government) is trying to accelerate and turning up the turbo boost.
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Wednesday, April 07, 2010
Gold Rises to New Record Euro High - Greek Debt Crisis is Canary in Coal Mine / Commodities / Gold and Silver 2010
Gold jumped to as high as $1,138/oz in New York before falling back to close with a gain of 0.16% yesterday. It has since range traded from $1,134/oz to $1,138/oz in Asian trading this morning. Gold is currently trading at $1,135/oz and in euro and GBP terms, gold has risen and is trading at €852/oz (new record nominal highs) and £744/oz respectively. Support is at $1,120/oz and resistance is at $1,145/oz. Given the gathering momentum in the gold market - a close above $1145/oz could see us rise to $1160/oz quite quickly.Read full article... Read full article...
Wednesday, April 07, 2010
Gold Supported by "Zero-Rate Fed" & Bank of Japan, Hits New Euro Record / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in Dollars held just south of late Tuesday's 4-week high in London today, trading above $1135 an ounce as strong gains on Asian stock markets failed to carry over into Europe
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Wednesday, April 07, 2010
Two U.S. Dollar Signposts and Gold Silver Stealth Run / Commodities / Gold and Silver 2010
While the multitudes debate over whether an economic recovery is coming to the United States, signals sound loudly in harsh tones. While they point to the recent rise in the USDollar, signals sound loudly in harsh tones. Admittedly the signals are confusing, but they are important. The long-term bond yield for USTreasurys threatens the 4.0% mark. The crude oil price is close to threatening the $100 mark. Sleepy financial market anchors and mavens offer comment, but might miss altogether the significance of the signals. The signals clearly mean great strain on the credit markets still, and gradual decay of the major currencies led by the USDollar.
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Wednesday, April 07, 2010
GOLD Bugs Vs. Politicians/Analysts… Who pushes Greed/Fear More??? / Commodities / Gold and Silver 2010
Well again, if you made it past the headline, like so many of you claim the general public cannot do, without allowing yourself to be clouded with the very emotions that allow you to make irrational decision, which we all know ARE NOT GOOD for traders/investors… I applaud you.
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Tuesday, April 06, 2010
A Few Facts About Gold and Silver / Commodities / Gold and Silver 2010
Silver is apx. 1/3 of its 1980 cost (nominal prices, not inflation adjusted). Is there anything else on the planet you can think of that is currently 1/3 of its 1980 price? Oh, and do they have the following attributes?
Silver is an industrial metal and a monetary metal. 5,000 years of sound history as a measure of value and store of wealth, portable, fungible, divisible and unique.
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Tuesday, April 06, 2010
Gold Stocks Fortune-Making Anomaly is Starting to Close / Commodities / Gold & Silver Stocks
There’s a bull market building in small subsector of gold stocks.
Those who pay close attention now will be set to make an absolute fortune. Here’s why.
Tuesday, April 06, 2010
Gold in Elephant Country… / Commodities / Gold and Silver 2010
A 0.25% increase to India’s bank rate last Friday coincided with a major reversal in the currency markets. The rupee closed out the day even against the US$ which had reversed its recent slide and gained against most other currencies. Over the past year the rupee has strengthened steadily relative to the greenback, so Indians have seen about 10% chipped off the US$ based gains for global goods through that period. Still, the current INR/USD exchange rate of 45 is only a recovery of about half the losses INR suffered when relative to the USD as the ratio moved from a sub 40/1 rate in early 2008 to 51/1 low a year ago.
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Tuesday, April 06, 2010
Manipulating the Gold Price, The Truth is Finally Leaking Out / Commodities / Gold and Silver 2010
Nathan Lewis writes: We've had a string of amazing revelations recently regarding the world's precious metals market. This is important stuff for anyone (like me) who holds gold as a means to avoid currency turmoil and counterparty risk.
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Tuesday, April 06, 2010
The Silver Price Boom Is Coming! / Commodities / Gold and Silver 2010
Richard Daughty writes: Many people know me as just a guy referred to by the news media as “local hothead” or sometimes “extremist loudmouth doom-and-gloomer” or (my favorite) “looney toon” but to most people I am known as just a guy who never shuts up about the horrors of inflation in prices that is going to be caused by the inflation in the money supply by the Federal Reserve.
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Tuesday, April 06, 2010
Gold Hits New Euro Record, Beaten by Silver, as Precious Metals Signal "Global Recovery" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD bounced from last week's closing price against the US Dollar on Tuesday, rising as London dealers returned to work from the long Easter weekend and breaking new all-time highs against the Euro.
Asian and European stock markets also rose, as did the Dollar, which gained against everything except Australian currency after the Reserve Bank of Australia raised its key interest rate for the fifth time in six meetings.
Tuesday, April 06, 2010
Euro Gold Rises to New Record High on Renewed Greek Concerns / Commodities / Gold and Silver 2010
Gold jumped to as high as $1,133/oz in New York before dropping slightly to close with a gain of 0.71% yesterday. It has since range traded from $1,124/oz to $1,130/oz in Asian trading this morning. Gold is currently trading at $1,125/oz and in euro and GBP terms, it is trading at €839/oz and £742/oz respectively. Gold priced in euros has risen to a new all-time high above €839 an ounce this morning due to renewed concerns about Greece's fiscal position (see News below).Read full article... Read full article...
Tuesday, April 06, 2010
Gold, There Is a Way to Beat JPMorgan at Their Game / Commodities / Gold and Silver 2010
The revelation at last week’s CFTC meeting that JPMorgan was the prime instigator behind the repeated ‘takedowns’ of the price of gold and silver came as no surprise to those of us who study the markets on a regular basis.
JPM inherited a large ‘short position’ when they took over Bear Stearns, and they turned this liability into an asset, using their short position to force prices down by adding to the position and then covering as much as they can, once they’ve brought the price down to their target.
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Tuesday, April 06, 2010
Metals Market Manipulation Update: Are The Metals markets Rigged? Do Fish Swim?! / Commodities / Market Manipulation
During the time I have been writing this newsletter, I have frequently mentioned the blatant manipulation of the gold and silver markets. For background on this issue, please see my article in the May, 2009, issue. The manipulation of gold has been accomplished primarily by central banks selling or leasing gold into the markets so as to artificially depress the prices. The bullion banks (e.g., JP Morgan, Goldman Sachs and others) have also helped suppress the prices of gold and silver by selling them short on the commodities exchanges.Read full article... Read full article...
Tuesday, April 06, 2010
Gold Stands Its Ground / Commodities / Gold and Silver 2010
Gold prices continue to climb and John Licata, chief commodity strategist at Blue Phoenix Inc., says he sees reason to be optimistic about gold's future. In this exclusive interview with The Gold Report, John says that as inflationary pressures present themselves, gold prices will continue their upward move. He also sees silver, platinum and palladium as interesting plays for investors.
Tuesday, April 06, 2010
Gold Bullish Developments Could be Blown by Falling Channel / Commodities / Gold and Silver 2010
As discussed in these reports and elsewhere, all eyes have been focused on Greece's sovereign debt problems. As I have repeatedly said - this is but the tip of an iceberg of global proportions.
China's debt may reach 39.83 trillion Yuan ($5.8 trillion) next year. The International Monetary Fund estimates that China's debt-to-GDP ratio is 22%, which excludes local-government liabilities.
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Tuesday, April 06, 2010
Smoke and Mirrors Markets to Sponsor Gold and Precious Metals Mania / Commodities / Gold and Silver 2010
At the risk of getting what may appear to be even more bizarre in my current views on how the various markets we cover are about to unfold, in our current view moving forward (our intermediate to long-term view), which has changed (in the intermediate term) for reasons that will be discussed below, gold is preparing to make a move to new highs at the expense of bonds, and stocks will also continue to benefit from liquidity escaping debt markets in spite of rising interest rates. And while the bureaucracy (government, media, etc.) will bill this as recovery in the economy, with equities and interest rates rising in unison, it would of course be just the opposite, the result of hyperinflationary policy that tripled the US monetary base since the onset of the sub-prime (credit) crisis.
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Tuesday, April 06, 2010
Fiat Gold Implosion 2010, EverBank Deletes the (Now) Infamous Section 6.3.7.3 / Commodities / Gold and Silver 2010
Apparently, yours truly’s last post generated quite a ruckus subsequent to which EverBank has decided to delete the offending Section 6.3.7.3 in their Terms and Conditions for “Non-FDIC Insured Metals Select Accounts”, where it now simply says “RESERVED”.
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Monday, April 05, 2010
China Is Gold’s Future / Commodities / Gold and Silver 2010
The new report “Gold in the Year of the Tiger” from the World Gold Council (WGC) predicts that gold consumption in China could double in the coming decade as a result of rising demand for jewelry, hard-asset investments and industrial uses.
This forecast seems reasonable, and it lines up with what I’ve long been saying about the profound evolution in China’s economy – domestic consumption is replacing exports as the growth engine as more poor Chinese move up into the middle class and from there into the ranks of the wealthy.
Monday, April 05, 2010
Oil Price BubbleOmics: $90 and Rising Is the New Reality / Commodities / Crude Oil
Now that there are rumours the world economy is showing some signs of self-sustaining life (if not particularly the US Economy), one thing worth thinking about is where oil prices are likely to go (1).
Starting from the basics, there are a plenty of theories that explain how to grow economies. They range from free-markets to free-debt, all the way through stimulus-packages to free-love.
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