Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, November 11, 2009
Gold Continues to Gain Against All Currencies / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD rose to fresh record highs against the US Dollar for the fifth session in six in early London dealing on Wednesday, recording an AM Gold Fix above $1114 an ounce.
Up by more than 28% for 2009 to date for US investors, gold also rose against all other currencies, breaking its best level against the Japanese Yen since July 2008 above ¥3220 per gram as world stock markets gained, government bonds held steady, and crude oil ticked higher from $79 per barrel.
Wednesday, November 11, 2009
Junior Gold Miner ETF GDXJ Welcomed to the Party / Commodities / Gold & Silver Stocks
By: Adam_Brochert
The Junior Gold Miner ETF (ticker: GDXJ) from Van Eck Global is now in business. Though I have a problem with putting larger silver miners in this ETF as the heaviest-weighted holdings (get info from the Van Eck website here), I will be participating. This is a good vehicle for those looking to get into the more speculative side of the Gold patch without doing all the homework. It also provides a measure of international exposure.
Wednesday, November 11, 2009
Three Reasons Gold Might Be Making a Head Fake / Commodities / Gold & Silver 2009
By: Graham_Summers
As many commentators have pointed out Gold has been on an absolute tear during the last month, soaring above $1,000 before closing at an all time high of $1,092. Since that time a number of investing heavyweights (Jim Rogers, John Paulson, etc.) have begun predicting gold prices of ranging from $2,000-$5,000.
Tuesday, November 10, 2009
Will Silver Outperform Gold Immediately or Wait a Little Longer? / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
The recent huge purchase of gold by the Indian central bank triggered a substantial rally that took gold to new (nominal - !) highs gathered a lot of attention and generated a substantial rally. I’ve touched this subject in my previous essay, but since this topic is so popular, I would like to put additional comments this time, but from a different point of view.
Tuesday, November 10, 2009
Gold and Crude Oil, Two MUST-OWN Investments! / Commodities / Investing 2009
By: Larry_Edelson
I put out my first major buy signal in gold in early 2000, when gold was trading at about $260 an ounce. I said then that gold was an easy double, moving to at least $500 over the next two years.
I told my readers to add to their gold positions in October 2004, when gold crossed above the $400 level …
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Tuesday, November 10, 2009
The Four Best Places to Keep Your Gold / Commodities / Gold & Silver 2009
By: DailyWealth
Tom Dyson writes: "Keep moving," said the TSA agent...
Two years ago, I traveled from Las Vegas to Baltimore with five gold coins – worth $8,000 – in my pocket. I wanted to know if the gold coins would set off the airport security systems.
Tuesday, November 10, 2009
Keep an Eye on Silver / Commodities / Gold & Silver 2009
By: Mike_Paulenoff
It should come as no surprise to anyone who trades or who has traded silver that it is much more volatile than gold. In fact, since yesterday's highs in the iShares Silver Trust (NYSE: SLV) and the SPDR Gold Shares (NYSE: GLD), the SLV has had a 3% correction whereas the GLD has had a sparse 1.2% pullback. Something we are going to have to get accustomed to in order to get the benefit of the approaching "silver catch-up" rally.
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Tuesday, November 10, 2009
Gold Slips to $1100 as UK Faces Potential Credit Ratings Downgrade / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF WHOLESALE gold slipped 1% from Monday's new record high early in London today, briefly drifting through $1100 an ounce as Asian stock markets closed the day higher but European shares held flat.
Crude oil ticked back down to $80 per barrel, but remained higher by one-third from this time last year.
Tuesday, November 10, 2009
Gold Bugs Madness / Commodities / Gold & Silver 2009
By: Ronald_Rosen
“Lord, what fools these mortals be” A Midsummer Nights Dream Act 3, scene 2, 110–115
Shakespeare
“Shakespeare's judgment seems to be that love is a form of madness that prompts the lover to act in very foolish ways, indeed. As Duke Theseus says, lovers, like madmen and poets, are fantasists, "of imagination all compact [composed]" (Act 5, scene 1, 8).” www.enotes.com/shakespeare
Tuesday, November 10, 2009
Gold Stocks Boom During 2010 / Commodities / Gold & Silver Stocks
By: Neil_Charnock
Gold has just breached US$1100 after a strong move following the purchase of 200 tonnes of gold bullion by the Reserve Bank of India from the International Monetary Fund. This overhang had been troubling “ye of little faith” observers of gold.
Tuesday, November 10, 2009
Gold Consolidates at $1,100 as UK Credit Rating Comes Under Review / Commodities / Gold & Silver 2009
By: GoldCore
Gold is currently trading at $1,102/oz. In EUR and GBP terms gold is trading at €735/oz and £661/oz respectively.
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Tuesday, November 10, 2009
Gold Strongest Market of 2009, Even Central Banks are Buying / Commodities / Gold & Silver 2009
By: Douglas_V._Gnazzo
There is only one market making new highs – gold. Stocks, bonds, commodities, currencies, whatever, are nowhere near gold’s level. Gold is the strongest of the strong. Central banks are starting to buy it, as evidenced by India’s recent purchase. Russia and China plan to buy more to hold as reserves.
Monday, November 09, 2009
Gold and Cadillacs / Commodities / Gold & Silver 2009
By: Mike_Hewitt
While gold is not commonly considered as a medium of exchange like paper currency, it still acts as an excellent store of value. On August 15, 1971 the so-called "gold window" was closed. Previously, the US dollar was redeemable by non-Americans at a rate of US$35 per troy ounce. Shortly after this event, General Motors came out with a new version of the Cadillac Eldorado - the longest running American personal luxury car.
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Monday, November 09, 2009
Incompetent Central Banks Gold Invest by Selling Low and Buying High / Commodities / Gold & Silver 2009
By: Ned_W_Schmidt
Wow, the light bulb finally went on last week. Perhaps we have never truly understood investing. Bank of England in the 1990s was selling Gold as it plunged to below $300. Now, with Gold soaring above US$1,000, the Reserve Bank of India is buying. The trick is to apparently sell low and buy high. We always thought it went the other way. But we do note a distinct difference in this pattern from buying high and then selling low. If only central bankers had revealed this secret of high level investing earlier, how much happier we all would have been.
Monday, November 09, 2009
Volume Telling the Tale for Metals and Resource Stocks / Commodities / Metals & Mining
By: HRA_Advisory
India’s central bank taking 200 tonnes (6.4 million oz) of gold from the IMF in an off market trade has certainly lit a fire under the yellow metal. While a trade of that nature was anticipated, India, which is about the savviest of commercial gold players, was not atop the expected buyers’ list. Given the greenback was steady and that gold’s chart went near vertical when the overnight rumor became official, it is likely that the big long position that came into the market forced some covering on the short side. Is this more than a spike? Read full article... Read full article...
Monday, November 09, 2009
India-IMF Deal a Tipping Point for Gold? / Commodities / Gold & Silver 2009
By: Frank_Holmes
Has a new floor been set at $1,000 per ounce?
India’s deal to buy 200 metric tons (6.4 million troy ounces) of gold from the International Monetary Fund (IMF) is a huge deal – not just the fact that the New Delhi government is handing over $6.7 billion for the metal, but what it may mean for gold going forward.
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Monday, November 09, 2009
Crude Oil in Bullish Pattern, though Comparison to U.S. Dollar Warrants Caution / Commodities / Crude Oil
By: Mike_Paulenoff
Although oil prices are up about $1/bbl this morning, given the juxtaposition of the dollar index pressing against its October low (see our comparison chart of oil and the dollar), a holder of long positions in oil and the US Oil Fund ETF (NYSE: USO) could be disappointed.
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Monday, November 09, 2009
Gold Another New Record High as IMF Overvalued Statement Hits U.S. Dollar / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD jumped to new all-time Dollar records for the third time in four trading days early Monday in London, trading above $1110 an ounce – up more than 27% for 2009 to date – as the US currency fell hard on the forex market.
World stocks added 0.4% on the MSCI index to continue their four-month surge after Sunday's meeting of G20 political leaders in Scotland vowed to "continue to provide support for the economy until the recovery is assured."
Monday, November 09, 2009
The Day the Bears Lost Control of Gold / Commodities / Gold & Silver 2009
By: Bill_Downey
In was another incredible month as gold continued to outshine all other major investment themes by being the only investment that has broken out to new highs since the global meltdown of 2008. Not only is gold making new highs (1100 this week), it is doing so in a fashion that accelerated the price this week in terms of velocity, momentum, volume, and daily price range. Even the pullbacks are chart bullish recently as the best the bears can do is get gold to consolidate and trade sideways for three or four days and then gold moves up again.
Monday, November 09, 2009
Gold Trends Above $1,100 As Dollar Falls / Commodities / Gold & Silver 2009
By: GoldCore
Gold has experienced yet another strong opening this morning and ventures deeper into unchartered territory. Currently trading at $1,109/oz - $14 higher than its closing last Friday - at this price gold sets a new all time high in USD terms. In EUR and GBP terms gold is trading at €739/oz and £658/oz respectively.
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