Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, March 10, 2010
General Stock Market's Influence on The Price of Gold / Commodities / Gold and Silver 2010
In one of our previous essays we mentioned that the situation in the USD Index appears bearish, but it has not been the main driver of the PM prices lately. It's been the general stock market that used to drive gold and silver prices lately, which means that the situation is now less than perfectly bullish, especially in the short term.
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Tuesday, March 09, 2010
Gold Safe-haven Status is Based on Hype Not History / Commodities / Gold and Silver 2010
Gold: Best Supporting Role In Economic Downturns? Think Again
As I sat down to watch the Oscar pre-show on Sunday night, March 7, one word was repeatedly used to describe the celebrity starlets and their designer duds: GOLD. Gold bustiers and gold lame skirts, shiny gun-metal dresses and glittery sequined gowns all basking in the golden shadow of the final golden statue.
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Tuesday, March 09, 2010
Gold Slips as Beijing Denies Hoarding, Notes Huge Private Chinese Demand / Commodities / Gold and Silver 2010
THE PRICE of wholesale gold bullion slipped to a one-week low early in London trading on Tuesday, falling to $1116 an ounce as the US Dollar rose on the currency market.
Asian stocks closed the day flat overall. European bourses lost 0.5%.
Tuesday, March 09, 2010
Gold Catches Traders by Surprise / Commodities / Gold and Silver 2010
The move down in gold yesterday surprised many traders and flashed an exit signal based on MarketClub's daily "Trade Triangle" technology. As we have mentioned before, we felt that gold was in a broad trading range and were not optimistic that it would shoot higher.
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Tuesday, March 09, 2010
China's Main Currency Reserve "Not Likely" to Be Gold / Commodities / Gold and Silver 2010
Gold dipped sharply in US trading yesterday from $1,136/oz to $1,118.50/oz before closing down 1% to $1,120/oz. Gold also fell in pounds, euro and Swiss francs but remains near record nominal highs in these currencies. Gold rose to $1,123/oz so far in Asian trading and is currently trading at $1,119.50/oz and in euro and GBP terms, it is trading at €825/oz and £749/oz respectively.
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Monday, March 08, 2010
A Controversy Coming to an Energy Investment Near You, Fracking Fluids Part I / Commodities / Environmental Issues
The controversy surrounding fracking fluids is getting louder. Websites and media savvy organizations are getting more press on this issue, using a very simple and powerful pitch – are the chemicals used in fracking fluids in oil and gas wells contaminating our drinking water?
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Monday, March 08, 2010
John Embry Says Gold Will Rise As Confidence Returns / Commodities / Gold and Silver 2010
The Gold Report caught up with John Embry, Chief Investment Strategist, Sprott Asset Management, to get his thoughts on gold and some mining stocks he favors. Embry, an industry expert in precious metals, has researched the gold sector for over 30 years. Read about why he thinks gold could gain another 30% this year as a greater proportion of the public realizes the degree of difficulty that sovereign debt is in. He believes as confidence in gold returns people will seek an outlet in gold stocks, especially small-cap gold producers and junior explorers with solid projects.
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Monday, March 08, 2010
Greeks Paying the Price for Worshiping the Keynesian False God / Commodities / Gold and Silver 2010
The Greeks are learning the tough consequences of worshiping a false god. For years they sought the blessing of Keynesianism, only now to find it comes with a price. Keynes introduced the notion of government debt as salvation, the road to prosperity. Issue debt, and you will prosper. With those words, citizens of many nations turned their minds and ears off to reason. How could so many come to believe that borrowing money was the secret to prosperity?
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Monday, March 08, 2010
An Energy Comeback Story No One is Watching / Commodities / Renewable Energy
The world is about to change forever.
The International Energy Agency predicts China will surpass the United States as the world’s largest energy consumer shortly after 2010.
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Monday, March 08, 2010
XGD Confirms New Gold Rally / Commodities / Gold and Silver 2010
I have fantastic news to report this week. The XGD has formed a powerful buy signal indicating that the way forward is up again for the Australian gold sector. I have shown this signal in the daily XGD chart below with some resistance levels overhead which we are currently cutting through with apparent ease. Chances are that this will continue and that the awaited second leg of the gold rally that began in September 2009 at around US$954 is now back on track. Firstly let us take a look at gold.
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Monday, March 08, 2010
Gold Has Not Peaked as Inflation Forces Investors to Take Risks / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion held tightly to last week's close of $1135 an ounce on Monday in London, recovering an early dip for UK and Eurozone buyers as stocks and bonds also stayed flat.
The US Dollar ticked higher on the currency market. US crude oil contracts ticked higher towards $82 per barrel.
Monday, March 08, 2010
Silver Surges 5%, Ready for Break Out to New Highs? / Commodities / Gold and Silver 2010
Gold reached as high as $1,140/oz in New York on Friday before closing marginally for the day at $1,134/oz but up over 1% on the week to maintain the positive technical action. It went as high as $1,138/oz so far in Asian trading this morning. Gold is currently trading at $1,137/oz and in euro and GBP terms, gold is trading at €831/oz and £748/oz respectively.
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Monday, March 08, 2010
Crude Oil Breaks The Dollar Rule For The Summer High Noon / Commodities / Crude Oil
Crude oil surged to its highest level in almost eight weeks and gasoline also rose to a 17-month high after the U.S. employment declined less than forecast in February. Encouraged by the upbeat news, investors moved into oil on the expectation that fuel demand will climb as economic growth picks up pace.
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Sunday, March 07, 2010
Gold Price in No Mans Land / Commodities / Gold and Silver 2010
Gold is in what I call “No Mans Land”. It is one of the most difficult situations to be in as there are equal number of Gold bears and bugs around. Mind you Gold bugs: Bears have their case and it is not as bad as it looks like for the bears.
But I personally think the bugs have a stronger case and will ultimately win but not as emphatically as they are expecting it to be. For example a $5000 /ounce is out of question!
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Sunday, March 07, 2010
Gold Price Stealthly Creeping Higher Towards New Highs / Commodities / Gold and Silver 2010
Little by little gold is creeping higher. It still has a way to go before new highs are reached but that may only be a matter of time.
“Just the facts, ma’am” as Joe Friday would say. Actually, he apparently never said those exact words, they seem to have come from Stan Freiberg, but that’s another story. You over 70’s would know what I’m talking about.
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Sunday, March 07, 2010
Strong Unemployment Report Sends Oil Prices to Two Month High / Commodities / Crude Oil
Oil is among the winners following the surprisingly strong unemployment report released by the government on Friday (March 5). Jobless claims and unemployment numbers both came in lower than expected for February according to the Labor Department.
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Saturday, March 06, 2010
U.S. Jobs Data Propels Crude Oil Above $80 a Barrel / Commodities / Crude Oil
Jobs data indicating that U.S. economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a barrel threshold. Nymex’s benchmark West Texas Intermediate settled Friday at $81.50 a barrel, a seven-week high, after topping $82 in intraday trading.Read full article... Read full article...
Saturday, March 06, 2010
Gold as Money is Power to the People / Commodities / Gold and Silver 2010
Before I explain the title of this report, I want to prove to you that Americans are losing their liberties, day by relentless day. I also want to prove to you why it is that, unless there is an economic breakdown so severe that Washington D.C. goes broke, we will not get back these surrendered liberties. My demonstration will take approximately three minutes. For skeptics, it may take five minutes.
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Friday, March 05, 2010
Gold's Value Stands the Test of Time / Commodities / Gold and Silver 2010
Midas Letter publisher James West believes gold is the store of value everybody resorts to when times are rough. In this exclusive interview with The Gold Report, he acknowledges that producers represent a very well-performing, blue-chip investment, but also looks for those juniors where capital appreciation happens on the scale of hundreds of a percent almost overnight.
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Friday, March 05, 2010
Gold Stocks Analysis and its Usefulness For Precious Metals InvestorsĀ / Commodities / Gold and Silver 2010
In our previous essays we have covered the situation on the USD, gold and silver markets, but since there's more to the precious metals sector than just these two metals, we have decided to supplement the previous analysis by covering the precious metals stocks. If you are interested in trading gold and silver only, you might want to reconsider before clicking that X in your web browser's window - after all, precious metals stocks are highly correlated with the metals, and they even used to lead the metals in the past. Consequently, even if you are not interested in trading or investing in the PM stocks, you might still benefit by analyzing this part of the sector.
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