Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, February 17, 2010
Gold Strength Due to Risk of International Monetary Crisis / Commodities / Gold and Silver 2010
Gold rose another 3% in US trading yesterday to finish the day at $1,119.35/oz. It has since moved upwards to as high as $1,123.50/oz Asian trading so far this morning. Gold is currently trading at $1,118.00/oz and in Euro and GBP terms, gold is trading at €815/oz and £711/oz respectively.
Wednesday, February 17, 2010
BHP Billiton, Amazon, Potash The Big Australian & the Brazil Consortium / Commodities / Metals & Mining
As a general rule, the most successful man in life is the man who has the best information
In the spring of 1869 a German Chemist named Charles Rasp immigrated to Australia for his health. Unable to find work in his chosen trade Charles learned to ride a horse and began wrangling sheep. One day, while out riding his horse at Broken Hill, he discovered mineralised rock. He took out a mining lease, punched holes in the ground and eventually found rich veins of silver. The Broken Hill Proprietary Company – BHP - was incorporated in 1885 while mining silver and lead at Broken Hill in western New South Wales.
Wednesday, February 17, 2010
Why Silver Prices Are Safe from China's Monetary Policy / Commodities / Gold and Silver 2010
The Chinese have emerged as the new economic superpower, and already investors are beginning to feel the impact of Chinese monetary policy on commodity prices.
Precious metal investors are questioning how these Chinese policy shifts will impact their holdings. Thankfully, although a tightening of credit does have an impact on the global monetary supply, China's attempts to call back credit should have little effect on precious metals.
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Wednesday, February 17, 2010
New COMEX Rule, Another Reason to Fear Gold, Silver and Commodity ETFs / Commodities / Gold and Silver 2010
Regardless of their expensive annual fees, frequent tracking errors, and the simple fact that you'll never be able to actually touch the gold or silver your ETF claims to hold, there are several more reasons ETFs should never be used by precious metals investors. An important rule change by COMEX, the American commodity exchange, allows ETF substitutes for precious metal delivery.
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Tuesday, February 16, 2010
Gold Bull Market Celebrates 9th Birthday / Commodities / Gold and Silver 2010
Gold, silver and the metals group are coming down from their January highs, on the eve of gold’s nine year bull market run. Considering the gold price has had nine consistent yearly gains, and it’s still above $1000 is a feat in itself. Gold’s bull market is solid, a new phase has begun and it’s currently declining in a sharp, yet normal downward correction.
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Tuesday, February 16, 2010
Whether Hyperinflationary Bust or Deflationary Collapse, The Fed is Finished / Commodities / Gold and Silver 2010
Leaving Las Vegas - Have you noticed the M’s have been contracting noticeably over the past month or so, with M1 now joining the party as well. I did not pose that last sentence as a question because I am telling you this is happening, and that it’s important, and until it stops equities will continue to fall. Here comes a question though. Why is it happening? Answer: Because the bozos over at the Fed are attempting to show everyone all is ‘OK’ by attempting to drain liquidity from the system, which is necessary for continued confidence in their policies (credibility).
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Tuesday, February 16, 2010
Gold Miners ETF Should Outperform S&P / Commodities / Gold and Silver 2010
With gold prices up sharply this morning, let's have a look at the relative strength relationship between the Gold Miners ETF (GDX) and the S&P 500 Cash Index ETF (SPY). My pattern and ROC (rate of change) analysis of the relationship between the GDX and the SPY indicates strongly that the GDX has completed a corrective period versus the SPY and has turned up into an approaching period of relative outperformance.
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Tuesday, February 16, 2010
Gold Price About to Go Parabolic in Euros / Commodities / Gold and Silver 2010
How can we tell if a market is about to go parabolic? Trendlines are one way. Another way is to look at the length of corrections. How long is it taking the market to correct? Are the corrections becoming shorter and shorter?
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Tuesday, February 16, 2010
Gold Rises to New Record Nominal Euro High over €817/oz / Commodities / Gold and Silver 2010
Gold built on last week’s gains and rose nearly 1% yesterday, closing at $1,099.50/oz and gold also rose in other major currencies. Gold has risen in Asian trading and again in early European trade and is currently trading at $1,113.20/oz and in euro and GBP terms €816/oz and £710/oz respectively. As expected the crisis in the Eurozone has seen gold surge in Euro terms to new record (nominal) highs over €817/oz – thus surpassing the previous record high seen in December 2009 at €813/oz.
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Tuesday, February 16, 2010
Gold Hits New Euro High, US Threatens "Soft Default" via 9% Inflation / Commodities / Gold and Silver 2010
THE WHOLESALE PRICE of gold bullion rose at both the Asian and London openings on Tuesday, breaking new record highs versus the Euro as finance ministers from the 16-country currency zone met to discuss Greece's ongoing debt crisis.
Crude oil broke above $75 per barrel, while global stock markets rose some 0.7%, as Eurozone government bonds fell.
Tuesday, February 16, 2010
United States Heavy Snowfall Impact on Agri-Food's Harvest and Planting / Commodities / Agricultural Commodities
We admit to having been gullible at points in our life. Yes, we have believed stories that on reflection made very little real sense. That is the human part of us, a tendency to believe that others would not intentional mislead us. Perhaps we have leaned from our mistakes. We are not ready to listen to those telling us that the cold weather all around the Northern Hemisphere is due to global warming. We are beginning to suspect that Climate Evangelists and Keynesian economists have a common belief. They both think pigs can fly.
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Monday, February 15, 2010
Gold, Silver, and HUI Bear Market and Crash Trend Forecasts / Commodities / Gold and Silver 2010
First, EXCERPT FROM “THE DELTA TURNING POINTS STORY”
By Welles Wilder (creator of the RSI, DMI and numerous other technical indicators)
Monday, February 15, 2010
Gold Hits New Euro High, Speculative Froth Evaporates / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rose sharply in early London trade Monday, recording its highest-ever Gold Fix in Euros as global stock markets rose, government bonds slipped, and the major currencies were little changed.
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Monday, February 15, 2010
Gold Rises on Increased Monetary Risk / Commodities / Gold and Silver 2010
Gold rose 3.4% last week closing at $1,088.20/oz on Friday and gold also rose in other major currencies. The higher weekly close in all currencies may embolden traders and investors to buy gold again after gold’s most recent sharp selloff. Those holding large short positions will also be nervous and could cause a short covering rally. Gold has risen in Asian trading before giving up early gains and then surged again in early European trade. Gold is currently trading at $1,100.20/oz and in euro and GBP terms €807.47/oz and £701.73/oz respectively.
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Monday, February 15, 2010
Sugar Commodity Key Reversal Signals Bull Retreat / Commodities / Gold and Silver 2010
Another Key Reversal Week in Sugar has appeared, an earlier one seen in Sep-09, which marked a distinct pause in uptrend. Prospects for another pause/pullback phase are currently good, so we here take a look at the technical factors.
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Monday, February 15, 2010
Gold Price Weakness Due to Risk Aversion / Commodities / Gold and Silver 2010
Are the Gold bears broken? It’s not clear.
The Technical Trader’s view:
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Monday, February 15, 2010
Offshore Oil Companies Investing The Warren Buffett Way / Commodities / Oil Companies
Commodities, particularly crude, were trending down last week after China's Central Bank raised bank reserve requirements boosting the US dollar against other major currencies. That marks the second time China has raised its bank reserve requirement in a month.
Ongoing worries about the economy stemming from European debt problems, specifically the lack of a firm Greek bailout plan from European leaders also prompted investors moving out of risky assets. Crude oil fell for the first day in five to below $75 a barrel also partly due to government data showing U.S. inventories rose more than forecast.
Sunday, February 14, 2010
Gold Falling Bullish Wedge / Commodities / Gold and Silver 2010
The past week has seen the convergence of a variety of factors that together point to a powerful rally in gold soon. Thus it appears that we have been too cautious in the recent past. Little harm has been done, however, as gold has yet to break out of its downtrend and Precious Metals stocks have advanced but little, compared to what may be coming soon, although it would obviously have been ideal to get in on last Monday`s reaction following the preceding Friday's clear bull hammer in gold, silver and in many stocks.
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Sunday, February 14, 2010
Silver Price Trend Shows Strong Signs of a Bottom / Commodities / Gold and Silver 2010
We sidestepped the recent C-wave decline in the sector, in particular the plunge in silver, scaling back positions the day before it began, and as we now know the PM sector has followed the script set out in the Marketwatch update of the 19th January to the letter. However, the evidence that has accumulated over the past week or so suggests that we have since become too cautious - we should have stuck to that script as it now appears that the correction is over and that the PM sector is powering up for a major advance. Fortunately little has been lost provided that we get back on track without delay.
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Sunday, February 14, 2010
Gold Price Trend Forecast For February and March 2010 / Commodities / Gold and Silver 2010
Visual Guidance | Trade Triggers | Price Targets >> Gold
One of the highest standards in assessing trading models is to determine whether such models provide profitable entry set-ups and exit criteria with dependable levels of consistency.
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