Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, November 20, 2009
Gold Trend Channel Break OutOut What Does This Mean For You? / Commodities / Gold & Silver 2009
Let me begin this week's essay by quoting a part of last week's update, in which I mentioned that the regular interpretation of the trend channel in gold might be misleading this time:
Still, there is a specific phenomenon in the technical analysis that I've noticed during my observations - when a pattern becomes "evident" so that everyone and their brother sees it and are able to act upon it, the price does exactly the opposite to what it is expected to do. There is a good reasoning for that to take place.
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Friday, November 20, 2009
Gold GLD ETF Impact / Commodities / Gold & Silver 2009
Five years ago this week, an obscure little ETF called StreetTracks Gold Shares was born. As the first American ETF enabling stock traders to gain direct price exposure to a physical commodity, GLD was truly revolutionary. Now known as SPDR Gold Shares, this ETF has proven to be a smashing success.
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Friday, November 20, 2009
Gold Investing Expert: Bob Moriarty Goes on Record / Commodities / Gold & Silver 2009
We live in a world that is totally insane. We have one US government agency buying worthless paper from another US government agency and the public nods their heads in agreement just as if it makes perfect sense.
It doesn't make any sense at all; it's like taking water from one end of a swimming pool and carrying it down to the other end and believing you are making a difference.
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Friday, November 20, 2009
Gold Contrarians Will Get Killed / Commodities / Gold & Silver 2009
In the last ten years, the financial world has experienced quite a few bubbles. Ten years ago there was the tech bubble. Then the housing bubble. And then the credit bubble. There was an Oil bubble too. With all these bubbles popping up, so to has an increase in bubble calling and contrarian thinking. As a result, sentiment analysis has become more popular.
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Friday, November 20, 2009
Gold Hits New UK Sterling High / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped for the second day running for Dollar investors early in London on Friday, nearing the weekend 1.7% above last week's finish as commodities fell, government bonds rose, and world stock markets dropped.
Gold priced in British Pounds hit a new all-time record at the AM Gold Fix of £690.83 per ounce.
Friday, November 20, 2009
Gold and Silver Set For Parabolic Move Like 1970s? / Commodities / Gold & Silver 2009
Gold was unchanged yesterday and remained near record nominal highs as equities fell and the dollar staged a moderate rally. Gold appears to be attempting to consolidate at these higher levels and the unchanged close will encourage the bulls and support is now at $1,130/oz. Gold has moved back up to $1,144.70/oz and remains near record nominal highs in euro and sterling - €770/oz and £690/oz.
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Friday, November 20, 2009
Gold’s Evolving Supply and Demand / Commodities / Gold & Silver 2009
Since 2001 gold has been on a bull run. The gold price has had to factor in the results of the credit crunch for the past 2 years. That means for the previous 6 years gold has been rising independent of the worries of investors looking for safe havens. In that time demand has risen from investors, jewellers and industry.
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Friday, November 20, 2009
Gold Steam Roller Running Towards $1300 / Commodities / Gold & Silver 2009
The gold market continues to steam roll ahead as it gets closer to our $1,300 target zone.
As we have stated before, gold is in a fully fledged bull market and sharp pullbacks are to be expected. This is not to say the bull market is over; it is more to say that pullbacks should be looked upon as opportunities to add to or initiate new positions.
Friday, November 20, 2009
Betting on Beryllium for the New Nuclear Fuel Technology / Commodities / Energy Resources
James Passin, co-founder and manager of Firebird Global Fund and Firebird Global Fund II, in this wide-ranging, exclusive interview with The Energy Report, discusses beryllium and its energy, military and industrial applications, as well as a burgeoning beryllium-uranium mix oxide fuel technology with the "potential to revolutionize nuclear power by creating a safer and more efficient fuel." Admittedly pro-uranium, Passin mentions two uranium miners he likes, and some exciting developments in copper in Mongolia.
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Friday, November 20, 2009
Gold as a “Go To” Asset Class / Commodities / Gold & Silver 2009
We believe there is room for more gold price gain, near term. A “true” gold market in which the yellow metal is being treated as an asset class in its own right is building around the uncertainties in other markets. That is different from recent warehousing cycles when gold moved most strongly during the final up stage of a resource/economic cycle. This time around gold is being treated as a market and currency hedge, not as a goody bag being handed out at the end of a party. The most interesting note on that score of late is news from India that October saw a large uptick for buying gold in forms such as bars that are used to invest.
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Friday, November 20, 2009
Commodity Trading Trend Following Advisors 2009 Performance / Commodities / Commodities Trading
We can see that there is still a “red sea” of negative performance in October, both for the monthly and YTD reporting.
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Thursday, November 19, 2009
Gold Dip "Offers Buying Opportunity" as Zero Rates Seen Until End-2010 / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped early Thursday in London, losing almost 2% from yesterday's new Dollar record as global stock markets also fell despite a report from the OECD which doubled 2010 growth forecasts for the world's richest economies.
The US Dollar rose sharply on the forex market, but the drop in gold outpaced the drop in non-Dollar currencies, helping the gold price in Sterling retreat 1.1% from Wednesday's 9-month highs.
Thursday, November 19, 2009
The Dirty Little Secrets of Warrants, Options & LEAPS / Commodities / Options & Warrants
With the gold bull market charging firmly ahead perhaps it is time to reflect upon what is actually happening from the perspective of the junior mining sector.
The first chart below is of the TSX Venture Index showing a great uptrend and looking very strong. The second chart shows us the TSX Venture Index relative to Gold. Wow, what a difference.
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Thursday, November 19, 2009
Gold Back Near Record Nominal Highs in EUR and GBP / Commodities / Gold & Silver 2009
Gold reached new record nominal highs in dollars yesterday and reached $1,146/oz overnight and has since pulled back slightly. Gold is currently trading at $1,136/oz. In EUR and GBP terms it is trading at €764/oz and £680/oz respectively.
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Thursday, November 19, 2009
Gold Bugs Look Out Below / Commodities / Gold & Silver 2009
Gold’s Expanded Flat Correction Major Wave Four Lasted Twenty Eight Months Between April 1974 And August 1976.Read full article... Read full article...
Thursday, November 19, 2009
New Technology Turns Coal Into Clean, High-Powered Gas / Commodities / Coal
Kent Moors, Ph.D. writes: A new fuel technology – unveiled just two weeks ago – is about to revolutionize the energy business.
I saw it firsthand.
General Electric Co. (NYSE: GE) asked me to present “The Future of Natural Gas” at the company’s Gas Turbine Symposium in Greenville, S.C. That’s where GE revealed a new generation of its market-leading turbine technology.
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Thursday, November 19, 2009
What Gold Did During the Great Depression / Commodities / Gold & Silver 2009
It seems to be the question of the week for me when speaking to people..What did Gold do during the Great Depression. Well if you had the physical you were required by law to turn it into the FED govt. In return you a certificate. Basically it was illegal to own physical gold during the darkest hours of the depression. However gold shares went through the roof. I had a client forward me a chart of Homestake mining.
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Thursday, November 19, 2009
Energy and Precious Metals ETF Trading Report / Commodities / Commodities Trading
So far this week has been generous with our commodity ETFs moving higher, other than natural gas which is clearly in a bear market. Each of the commodity ETF trading charts below is at a different stage and it will be interesting to see how things unfold in the coming weeks.
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Thursday, November 19, 2009
Gold the Golden Constant is History Itself / Commodities / Gold & Silver 2009
Buy it for the gold bug in your life this Christmas...
SINCE STOCK-MARKET BULLS never read history (meaning anything from the day before yesterday and least of all the pink pages' price/earnings column today), the library shelves marked "332" are typically left free for bears and gold investors to roam.
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Thursday, November 19, 2009
The Great Geopolitical Battle Over Energy Transit Routes / Commodities / Energy Resources
Philip H. de Leon writes: As we all live in the present, it is very hard to fully assess the future implications of decisions supported or made by political and business leaders. An extraordinary game of geo-strategy is under way to lock in long-term agreements, notably in the energy sector.Read full article... Read full article...