Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, November 04, 2009
The Decoupling of Gold as It Breaks to New All Time Highs / Commodities / Gold & Silver 2009
With today's historic move into new high ground for gold against the dollar, has this market finally decoupled from the other markets?
In this short two minute video, I will share with you what I think the next major technical level is for this market. We will also be looking at an indicator that is close to kicking in that could sharply accelerate gold's upward move. Gold has an enormous energy field below it that is capable of pushing prices significantly higher in the months ahead.
Wednesday, November 04, 2009
Gold New Record High $1,093, $1,200/oz By Year End? / Commodities / Gold & Silver 2009
Gold rose to new record highs yesterday and again this morning above $1,093/oz in what appears to have been continuing reaction to the news that Indian central bank had bought 200 tonnes of gold from the IMF . Gold has also surged in euro and pound terms.Read full article... Read full article...
Wednesday, November 04, 2009
Peak Silver and Mining by a Falling EROI / Commodities / Gold & Silver 2009
EROI = Energy Returned On Energy Invested - The Peak of World Silver Production may be just around the corner due to a falling EROI (energy returned on energy invested). This will also be true for most industrial metals. I may go as far as to say, if the Global Economy does not make a full recovery shortly (which I doubt), 2008 could be the all time peak for world silver production. At least, the world production of silver will be in a plateau as unconventional oil supplies start to peak and decline.
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Wednesday, November 04, 2009
Scary Specter of '30s-Style Economic Depression / Commodities / Gold & Silver Stocks
Jay Taylor, who publishes Gold, Energy & Technology Stocks and hosts his "Turning Hard Times into Good Times" radio program each week, is hoping and praying for deflation to help the U.S. heal its wounds and find its way back to prosperity. He has reasons to think the dollar might bounce back, too. Nevertheless, Jay reminds The Gold Report readers about frightening parallels to the 1930s and doesn't dismiss the possibility of a hyperinflation that renders the U.S. dollar about as valuable as toilet paper. Although bulls have been charging around Wall Street the past few months, he expects fearsome bears to reemerge soon and feast on equities almost like they did last year. If he's right, he also foresees a "grand buying opportunity" and the potential for "huge upside gains" for savvy investors in some gold mining stocks.
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Tuesday, November 03, 2009
U.S. Dollar at Crossroad, Gold Rally About to End? / Commodities / Gold & Silver 2009
The U.S. Dollar, the currency in precious metals are priced in, is standing at a crossroad today. The possibility of breakout to the upside has grown in the past week, but the trend still remains down. So, what are the implications for the precious metals?
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Tuesday, November 03, 2009
India Buys Half of IMF's Gold for Sale! / Commodities / Gold & Silver 2009
On November 3, 2009, the Reserve Bank of India (RBI) announced the purchase of 200 tonnes of gold from the International Monetary Fund (IMF) for US$6.7 billion. This represents the largest one-time central bank purchase in recent history, reminiscent of the period of steady US purchases of bullion in the 1930s and 1940s. The purchase was an official off-market transaction and was executed during October 19 - 30 at market-based prices averaging US$1,045 an ounce.
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Tuesday, November 03, 2009
India Buys IMF Gold, What Could It Mean ? / Commodities / Gold & Silver 2009
This flashed on the Bloomberg news wires this morning:
India Buys IMF Gold to Boost Reserves
India, the world’s biggest gold consumer, bought 200 tons from the International Monetary Fund for $6.7 billion as central banks show increased interest in diversifying their holdings to protect against a slumping dollar.
Tuesday, November 03, 2009
Silver set to Soar as it did in the 1970’s / Commodities / Gold & Silver 2009
- Silver Remains Very Undervalued
- Why Silver is in a Bull Market & How High Could it Go?
- Is Silver about returns or a hedge against inflation & systemic risk?
Tuesday, November 03, 2009
Gold Miners Versus the S&P Index, Gimme A Break! / Commodities / Gold & Silver Stocks
Ratio charts help keep things in perspective for me. Until my "great awakening" regarding long term investment cycles, I thought everyone just bought and held stocks and then woke up 40 years later with enough money to retire. BWAHAHAHAHA! The paperbugs are a little bizarre due to their religious intensity beliefs in the power of Wall Street, for-profit central bankstas and government. I used to actually care about federal reserve interest rate announcements until I learned that they don't have the power to set interest rates at all - the market does that and the fed simply follows. If you believe otherwise, you might be a paperbug yourself.
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Tuesday, November 03, 2009
India Trounces China by Buying 1/2 of IMF Gold for Sale / Commodities / Gold & Silver 2009
Rumors were China [Apr 25, 2009: China Begins Building Gold Reserves] was going to buy this stash of gold from the IMF; but it appears India "won". This will drop the International Monetary Fund stake but still keep it at spot #3 in world's reserves, and send India screaming up the charts from 14th [Oct 13, 2009: Largest Gold Reserves by Country] Gold fever is spreading across he globe as central banks go wild printing paper currency....
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Tuesday, November 03, 2009
Gold Soars on India's IMF Purchase / Commodities / Gold & Silver 2009
THE PRICE OF GOLD rose sharply to 7-session highs against the Dollar and new 8-month highs vs. the Euro early Tuesday after the Reserve Bank of India said it bought 200 tonnes of gold from the International Monetary Fund late last month.
Slated to sell 403 tonnes of gold in total, the IMF raised $6.7 billion from India's purchase, helping "put the fund's finances on a sound long-term footing," according to managing director Dominique Strauss-Kahn today.
Tuesday, November 03, 2009
India Buys 403 Tonnes of IMF Gold / Commodities / Gold & Silver 2009
Gold is continuing its strong upward run and is currently trading at $1.061.40/oz. In EUR and GBP terms, gold has risen again and is trading at €720/oz and £650/oz respectively.
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Tuesday, November 03, 2009
How to Ride the Commodities Bull Market / Commodities / Investing 2009
Martin Hutchinson writes: Commodity prices have faltered in the last couple of weeks, and much of the “smart money” is saying the boom is over.
Don’t believe it.
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Tuesday, November 03, 2009
Gold NOT in Bull Market, Nadler Nonsense? / Commodities / Gold & Silver 2009
I have sided with Nadler on gold issues in the past, but his claim that gold is not in a bull market is just plain nonsense. Please consider Gold Is Not in a Bull Market
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Monday, November 02, 2009
Agri-Food Commodities Continue to Defy Forecasts by Trending Higher / Commodities / Agricultural Commodities
As time is moving rapidly toward the end of the calendar, thoughts tend to go to that which was accomplished during the year. Perhaps this year we might reflect on that which did not happen. A year ago, the outlook for the future was fairly gloomy. In the Western economies, the policies of the cental banks, and in particular the Federal Reserve, were abject failures. While the outlook for the Western economies continues fairly dismal, at least we do not seem to be falling further into an abyss without hope.
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Monday, November 02, 2009
Are Bank Safe Deposit Boxes Safe? No / Commodities / Gold & Silver 2009
Got a lot of email when I suggested that safe deposit boxes are not safe from bank or government intrusion.
In most minds the “safe deposit box” is the “holy grail.” Our comfort will always be OK as long as our safe deposit box remains safe from others ill intent. Noticed the last few years how the Swiss Banks are no longer confidential places for one to store anything of value? The US government has applied pressure on Switzerland to make available Swiss bank records at any time requested by the US Government.
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Monday, November 02, 2009
Are Higher Prices the ‘New Normal’ for Crude Oil? / Commodities / Crude Oil
Oil prices have bounced more than 150 percent off of December 2008 lows but inventory levels remain at historically high levels despite a healing global economy.
However, Goldman Sachs says robust 2010 oil demand growth will deplete these inventories over the next 12-to-18 months and diminishing production rates in key areas around the world will create a supply/demand imbalance.
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Monday, November 02, 2009
Gold Jumps on Economic Cost of Near $900 per New Ounce Extracted / Commodities / Gold & Silver 2009
THE PRICE OF GOLD jumped at the start of London dealing on Monday, reaching one-week highs against the Dollar and Sterling and trading at a near-3 week high in terms of the Euro, rising above €713 an ounce.
Asian stock markets outside Shanghai closed the day lower, with Tokyo's Nikkei index dropping 2.3%.
Monday, November 02, 2009
Gold Survived the Test / Commodities / Gold & Silver 2009
Gold survived the first test of the $1,030 level and celebrations will be heard from gold bull camps everywhere. Gold bounced up with vigor from this newly formed, and not yet concrete, support level to reach US$1,047.40 and AUD$1,150 on Thursday night. Friday gold price action was not as negative as we might have expected given the heavy profit taking on the Dow and AUD sell off which pushed gold denominated in Australian Dollars to the highest level since mid October – back over AUD$1,160.
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Monday, November 02, 2009
G20 Finance Ministers Meeting and LBMA Precious Metals Conference in Scotland / Commodities / Gold & Silver 2009
Gold has experienced a strong opening this morning and is currently trading at $1.052/oz, $8 higher than its close on Friday. In EUR and GBP terms, gold has risen and is trading at €712/oz and £643/oz respectively.
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