Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, November 16, 2009
Gold Price Going Parabolic / Commodities / Gold & Silver 2009
Gold is in the headlines right now because of India’s announcement to buy half the announced IMF sale, and possibly more. But this is not why gold advanced so strongly yesterday. It blew past previous highs because we are in a significant cycle down time for equities right now, and the perception is if stocks are not to follow the natural path in this regard, authorities will need to hyperinflate. Conveniently then, the dollar has reversed lower because of this, which is supporting equities and altering the crash signatures in the trade.
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Monday, November 16, 2009
Market Trends for Gold, Crude Oil, and the U.S. Dollar / Commodities / Financial Markets 2009
In this world we are faced with an ever changing landscape. Nowhere is it truer as soon as you learn the game, the rules are changed. For instance, we are told that gold is signaling an inflationary future coming for the USA, yet its long term interest rates are below the 4% level and short term rates are basically zero. How can this be? Who would lend money to a nation whose currency depreciates and pays almost no return on its debt?
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Monday, November 16, 2009
Can Precious Metals Keep on Flying? / Commodities / Gold & Silver 2009
Are you sold on gold? The precious metal outperformed every major equity index in the world in 2008. The question is, can gold—and other precious metals—keep on flying? Or would buying today be buying high and selling low?Read full article... Read full article...
Monday, November 16, 2009
Gold at New Record Highs, as U.S. Dollar Slump Continues / Commodities / Gold & Silver 2009
More of the same... spot gold prices continue to climb to new all-time highs, while the dollar index continues to slump just below 75.00 (which my work argues is part of a developing intermediate term bottoming pattern that will be completed during the remainder of 2009, ahead of a powerful recovery rally period).
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Monday, November 16, 2009
Gold's Rise "Relentless" as US Monetary Policy Attacked in Beijing & Tokyo / Commodities / Gold & Silver 2009
THE PRICE OF GOLD leapt to new all-time highs for Dollar investors at the start of Asian trading on Monday, rising further to a new record Gold Fix of $1128.75 an ounce mid-morning in London.
Commodities, stocks and government bonds all rose alongside, pushing London's FTSE100 share index to new 2009 highs above 5360.
Monday, November 16, 2009
Exciting Gold Stocks Performance Down Under in Australia / Commodities / Gold & Silver Stocks
I have just completed a major overhaul of my chart set which correlates with my coverage of the Australian gold sector. It is news analysis time as I have been updating news from the end of the October releases of the September quarterly reports.
This is an intense time of the quarter for my overall company research covering the gold sector Down Under and although it is a massive undertaking to handle properly it is well worth the effort.
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Monday, November 16, 2009
Central Banks to be Gold Net Buyers as Risk Rises / Commodities / Gold & Silver 2009
Gold has made a determined break to the upside this morning trading as high as $1,133/oz. In the last 52 weeks gold has now risen 52.13% in dollar terms and 31% in euro terms.
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Monday, November 16, 2009
Gold Is Busting Out All Over / Commodities / Gold & Silver 2009
The gold stocks caught on fire over the past fortnight. They have lagged behind the metal in relative strength, but, since they are more volatile than the metal, bigger profits are the result. For example, gold is well above its early September levels, but the XAU and the HUI have only broken above their corresponding levels just last week.
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Monday, November 16, 2009
ETF Commodities Trading Analysis and Forecasts for GLD, SLV and UNG / Commodities / Commodities Trading
Commodities continue to perform well as the US dollar tests the October lows. If we step back and take a look at the weekly charts of the gold, silver, oil and natural gas ETFs we can get a better feel for what to expect in the coming week.
Trading commodity ETFs can be a very fun and profitable experience when done correctly. The first things I always analyze are the longer time-frame charts. This allows me to see past support and resistance levels and determine whether the investment is trending up, down or sideways.
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Sunday, November 15, 2009
Gold Long Run on Route to $2,050 via $1,575 / Commodities / Gold & Silver 2009
Boy, you go away for a few days and all hell breaks loose. When last I looked gold was looking weak. Now, three weeks later it’s more than $60 higher. Where to from here?
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Sunday, November 15, 2009
Silvers Paradoxical Performance Relative to Gold, Strength With Weakness / Commodities / Gold & Silver 2009
The performance of silver this year relative to gold has been paradoxical - on the one hand it has outperformed gold, while on the other it has yet to make new highs. The explanation for this behaviour is of course the fact that silver got trashed last year during the general market meltdown, when it dropped in percentage terms much more than gold, and thus this year it has had much more ground to make up. This brings us immediately to the important issue of why silver has underperformed gold so markedly in recent weeks, and what this implies. As we will soon see the explanation is actually rather simple.
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Sunday, November 15, 2009
Gold Short-term Overbought, Longterm Parabolic Bullish / Commodities / Gold & Silver 2009
On longer-term charts gold looks great here as it accelerates away from its recently completed 20-month consolidation pattern. The prospect is for a powerful, steep multi-month advance, punctuated by mostly brief periods of consolidation. In the last update we examined the long-term charts to divine the big picture and as this has not changed since, we will in this update look at the shorter-term charts to consider the immediate outlook as gold is now overbought, and also pay attention to the dollar and euro, which are on the cusp of big moves that obviously have important implications for all markets.
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Friday, November 13, 2009
Gold Momentum's Picking Up Dramatically / Commodities / Gold & Silver 2009
Although "quantitative easing" (QE) may be propping up the U.S. economy for the time being, it solves nothing. That's how Eric Sprott, Chief Executive Officer & Portfolio Manager of Sprott Asset Management and Chairman of Sprott Money Ltd., sees it. It's not just that QE shoves problems from the private sector into the public sector. It's worse than that, because as Eric tells The Gold Report readers, QE is "just debasing the currency which will eventually lead to hyperinflation." One upside though: "You can just feel the momentum in gold—it's picking up dramatically" and so too are prospects for a plethora of little-known small and mid-cap gold stocks.
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Friday, November 13, 2009
Greenspan On Systematic Gold Market Intervention / Commodities / Gold & Silver 2009
Translation of the article for the International Precious Metals & Commodities Fair in Munich, November 6 through 7, 2009
Since August 5, 1993 there has been systematic intervention in the gold market by American financial institutes with the objective of preventing an increase in the price of gold or at least of mitigating its rise. The intervention is supposed to support the bond market and the dollar as well as ease inflation expectations and the mood of crisis as the case may be.
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Friday, November 13, 2009
Gold Price 2010 Forecast $1,500 and Seasonal Influences on Precious Metals / Commodities / Gold & Silver 2009
Madison Avenue Research Group's outlook for gold and silver is bullish. Our sentiments echo John Licata, Chief Investment Strategist at the energy and metals independent research and advisory service Blue Phoenix. Last year Licata wrote a note to his clients telling them gold was going to hit $1200 this year - a bold prediction at the time yet stunningly accurate in retrospect. On BNN this week Licata said he is still in the process of formulating targets for 2010 but did say he "could see gold going North of $1,500 next year”.
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Friday, November 13, 2009
Is the Gold and Silver Precious Metals Top Behind Us? / Commodities / Gold & Silver 2009
“Inside the Global Gold Frenzy” is the title of an article that appeared last week in The New York Times. It seems the mainstream media has finally caught on to what we’ve known for a long time - we are in the midst of an honest-to-goodness gold rush. The article pointed out some interesting facts.
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Friday, November 13, 2009
The IMF Sold Gold 200 Tonnes to India, What Will they Announce Next? / Commodities / Gold & Silver 2009
We have been prepped for this for so long now. It seems that the [concocted] cloud from the expected I.M.F. gold sales has been a threat to the gold price, for years. Now the clouds of speculation are being blown away and reality is presenting itself in a way never expected. Part of this has been the expectation that the I.M.F. gold sales would be dragged out over a long period. As we have been telling Subscribers for an equally long period, we did not think this would be the case, because the purpose of the sale was to maximize the proceeds and quickly. Now with India taking 200 tonnes of the 403.3 tonnes, our position has been verified.
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Friday, November 13, 2009
Stock Market Rally Priced in Gold Not Dollars / Commodities / Gold & Silver 2009
Non-US investors haven't enjoyed the same stock rally as Wall Street. Whereas in gold...
"THE DOLLAR is still driving gold," agree the analysts, pundits and chart-watchers now scratching their heads about where gold is headed next.
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Friday, November 13, 2009
Gold Tries to Hang on to $1,100 / Commodities / Gold & Silver 2009
While oil and several major currencies have been major beneficiaries of the weak dollar, gold has really shined in light of the less desired greenback. One ounce of gold currently fetches $1,104.52, according to goldmoney.com.
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Friday, November 13, 2009
Has Gold Topped Out for the Year? / Commodities / Gold & Silver 2009
The the gold market took its first corrective action on the downside. The question many traders will have now is, have we hit the high end for gold this year?
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