Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Wednesday, October 14, 2009

Crude Oil Forecast For Winter 2009 / Commodities / Crude Oil

By: INO

I've had a number of requests from MarketClub members to produce another video on crude oil. Part of that may have come from the crude oil alert that we put on our blog on October 12.

What is interesting about crude oil is the fact that seasonally, it should be going down. However, the market appears to be doing just the opposite. We have written about this before and when something is supposed to happen and the opposite occurs, it's time to pay attention.

Wednesday, October 14, 2009

Gold Slips from Fresh Record High as Data Sends Stocks and Oil Soaring / Commodities / Gold & Silver 2009

By: Adrian_Ash

SPOT GOLD slipped from a new record high of $1070.50 an ounce on Wednesday morning in London, easing back 0.8% as world stock markets jumped and crude oil shot to a 12-month high above $75 per barrel.

Both US Dollars and Japanese Yen – last autumn's "safe haven" currencies amid the global banking collapse – were sold lower on the forex market.

Wednesday, October 14, 2009

Gold New Record All Time Highs, USD Record Lows Again? / Commodities / Gold & Silver 2009

By: GoldCore

Gold has traded at new nominal record highs (over $1,070/oz) and is currently trading at $1.066/oz. In EUR and GBP terms, gold is trading at €715/oz and £665.90/oz respectively. Resistance currently lies at $1,070/oz with initial support at $1,050/oz and then at $1,040/oz. With oil back above $75 per barrel and at a 1 year high, and the dollar again under pressure today, gold continues to eke out gains. Gold's record comes as the dollar (as measured on the US Dollar Index) has fallen to lows last seen in August 2008 and has breached 1.49 against the euro.

Wednesday, October 14, 2009

Financial Coup D'Etat and the Reaction of Gold / Commodities / Gold & Silver 2009

By: Mike_Shedlock

US Rep. Marcy Kaptur (D-OH) is talking to Bill Moyers about the state of the economy. She claims it's a "Financial Coup D'Etat"

It's a lengthy interview, about 20 minutes, but well worth a listen in entirety. The site has a complete transcript for those with limited time. Here is a partial transcript.

Wednesday, October 14, 2009

Gold Price Bagain at $1,000, GoldSeek's Peter Spina Going for Gold / Commodities / Gold & Silver 2009

By: The_Gold_Report

The convergence of an assortment of forces—probably the least compelling of which is jewelry demand and the possible role of gold in oil transactions probably the most powerful—promise to keep driving up the price of gold, according to GoldSeek.com founder and president Peter Spina. Still, in this exclusive Gold Report interview, as the gold price climbs toward $2,000, he suggests that investors might wait for another market rally in mining stocks, take some profits and invest the proceeds to add some physical gold to their portfolios. A year from now, says Peter—who also co-founded GoldForecaster.com—we'll look back on $1,000 gold as a bargain.

Tuesday, October 13, 2009

The Best Reasons to Buy Silver and Gold Now / Commodities / Gold & Silver 2009

By: Sean_Brodrick

The spot price of gold soared to its highest level ever this week, as the dollar tanked and precious metals bears got mauled. But many investors, still sitting on the sidelines, ask themselves: Do I want to buy now? NOW?! When gold is over $1,000 an ounce?!

I understand those investors’ concerns — and if you’re one of them, nobody can make the decision for you. It’s doubly hard because the mainstream media is cranking up its anti-gold propaganda to a feverish pitch, like the story that ran in the Wall Street Journal on Tuesday, “Gold Is Still a Lousy Investment.”

Tuesday, October 13, 2009

Crude Oil BubbleOmics $75 Fair Price, Targets Rally to $90 / Commodities / Crude Oil

By: Andrew_Butter

A bubble is when prices go unnaturally high for a while and then they pop; what happens next is predictable (http://www.marketoracle.co.uk/Article12114.html). The recent dynamics of the oil price has followed a classic pattern:

Tuesday, October 13, 2009

Gold Price Action Emphasizes ‘Standard’ Status / Commodities / Gold & Silver 2009

By: Midas_Letter

It's fascinating how many economists and bankers argue against the re-establishment of gold as an official monetary standard. An analysis of its price performance over time relative to G7 currencies demonstrates that, as a barometer of national currency health, there is nothing more reliable.

Tuesday, October 13, 2009

ERA Carbon Trading Offsets a Green Opportunity / Commodities / Climate Change

By: Midas_Letter

The idea of trading carbon offsets as a mechanism for reducing greenhouse gas concentrations has been a hotly contested debate for several years now. But one certainty has emerged regardless of which side of the fence you sit on: carbon offsets as an emissions reduction strategy is here to stay. Embrace that concept, and you start to position yourself to capitalize on the opportunities emerging in the nascent sector.

Tuesday, October 13, 2009

Gold Hits 6th Record High in 5 Days / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD jumped yet again early Tuesday, hitting its fifth record high in six days at the London Gold Fix.

World stock markets held flat while the US Dollar slipped on the currency market.

Tuesday, October 13, 2009

Russia's Gazprom Selling Natural Gas to the United States / Commodities / Natural Gas

By: Pravda

Gazprom Marketing & Trading (GMT) USA, a member of Gazprom Group, announced the sale of natural gas in the United States on Friday, October 2. The Russian gas monopolist has already entered the US market of liquefied gas. Now it goes about the pipeline fuel.

Tuesday, October 13, 2009

Gold Hits Another Record High of $1,064 / Commodities / Gold & Silver 2009

By: GoldCore

Gold has surged to new record nominal highs above $1.064/oz in trading in Europe this morning. With the US Holiday yesterday gold traded in a $10 range on Monday. In euro and GBP terms, gold is trading at €719/oz and £675.86/oz respectively. Concerns regarding the dollar and rising oil prices seem to be the impetus for gold's new record highs today. While the large COMEX positions may suggest a correction is likely, it is important to note that open interest levels remain well below the record 593,953 contracts seen in mid January 2008 (the gold open interest on the COMEX rose 2326 contracts to 502,513 yesterday).

Tuesday, October 13, 2009

Collapsing Monetary Base Deflationary Threat to Gold / Commodities / Gold & Silver 2009

By: Ned_W_Schmidt

With $Gold now trading firmly above US$1,000, at least on a temporary basis, all are joyous that the Gold Bugs have won. The paper equity charlatans have been vanquished, at least for now. Those fanning emotions with stories about cabals, price suppression, and manipulation may now have to find some other drivel to pedal. GATA, the Gullible and Truly Amateurish, has now firmly been proven a purveyor of fantasy. Those that have opposed Gold and Silver ETFs can now, with knuckles dragging on the ground, return to the back of their caves

Monday, October 12, 2009

What Price for Gold, $2000 or $4000? / Commodities / Gold & Silver 2009

By: Michael_S_Rozeff

I recently received an e-mail asking about the price of gold. This person presented two gold-pricing models in the body of the e-mail along with an estimate of what price gold might command in the future in dollars.

Let’s examine the gist of what he wrote and provide an extended reply. He wrote

Monday, October 12, 2009

For Gold and Crude Oil Traders / Commodities / Gold & Silver 2009

By: Charles_Maley

Gold has broken out to all time highs this week trading as high as 1050 or so in the December contract. I wonder however, if this is the launching pad for the well touted $1500-$2000 per ounce.

Monday, October 12, 2009

Gold $1500?, Inept Mainstream Financial Press Blames "Greater Fool Theory" / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE DOLLAR-PRICE OF GOLD ticked higher Monday morning in London, rising back through $1050 an ounce as world stock markets jumped and the Euro also gained vs. the Dollar.

Government bonds pushed higher, as did crude oil, base metals and soft commodities.

Monday, October 12, 2009

Gold Rallies Despite U.S. Dollar Strength / Commodities / Gold & Silver 2009

By: GoldCore

Gold closed Friday night trading at $1,048/oz and is currently trading $7 higher at $1,055/oz. In Euro and GBP terms gold is trading at €716/oz and £669/oz and has also risen sharply in these currencies in recent days and the last month. Support for gold is currently seen at $1,040 and resistance at $1,062. The record weekly dollar close was bullish from a technical perspective but gold may need a correction and consolidation (in dollar terms) prior to challenging the next psychological level of $1,100/oz.

Monday, October 12, 2009

Sugar Bears Now Up Their Game / Commodities / Commodities Trading

By: Seven_Days_Ahead

Following our 17th Sep Update on Sugar the outlook has remained bearish, on the back of a Key Reversal Week. The signal has proved a good one, with the next bear leg looking to have gotten under way.

Monday, October 12, 2009

How High can Gold Go? / Commodities / Articles

By: Seven_Days_Ahead

The Technical Trader’s view:

Monday, October 12, 2009

Gold and GLD BLast Through Resistance, Precious Metal Stocks at Mercy of Stock Market Correction / Commodities / Gold & Silver 2009

By: Douglas_V._Gnazzo

Gold had a big week, rallying up $46.40 to close at a new all-time high of $1049.40 (continuous contract) for a gain of 4.63%.

On the daily chart below, GLD blasted up through overhead resistance from the Sept. high (blue horizontal line) and never looked back.