Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, October 15, 2009
The U.S. Dollar Gold Inverse Relationship / Commodities / Gold & Silver 2009
By: Miles_Banner
For the past week the price of gold has performed well. It has maintained its historic high and risen fairly sharply after breaking the $1000 mark. The main reason gold has performed well is because of its inverse relationship with the US dollar. Time and again we see any weakness in the dollar play itself out in the strength of the gold price.
Thursday, October 15, 2009
Silver Heads for $21, Gold Bull Market Driven by Supply and Demand Economics / Commodities / Gold & Silver 2009
By: GoldCore
Gold is trading at $1.056.50/oz. In EUR and GBP terms, gold is trading at €706.82/oz and £655.25/oz respectively. Resistance currently lies at $1,064.10/oz and $1,070/oz with initial support at $1,048.60/oz and then $1,040.70/oz. Read full article... Read full article...
Thursday, October 15, 2009
Gold Gives Another Strong Mega-Trend Buy Signal / Commodities / Gold & Silver 2009
By: Claus_Vogt
In my September 9 Money and Markets column I showed you this gold chart: On that date, I said, “This breakout of a huge triangle is a clear technical buying signal.” I added that the minimum price target of this triangle formation was roughly $1,100. This was well above major resistance in the $1,000 area, thus hinting that another major breakout and buying signal would take place soon.
Thursday, October 15, 2009
Commodities Trading Charts for GLD, SLV, UNG and USO / Commodities / Gold & Silver 2009
By: Chris_Vermeulen
Commodities and stocks have been on fire the past two weeks and I think it just may be time for things to take a breather. While I continue to stay long, taking some money off the table to lock in profits is a safe play.
Just from a quick glance at the charts we can tell the odds are pointing to some type of pause or pullback in the coming days. I figure any day now we could see some profit taking.
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Wednesday, October 14, 2009
Gold Just Broke Its Neck, Targets $5,250? / Commodities / Gold & Silver 2009
By: Graham_Summers
If you’ll recall, in August ago I wrote about the massive inverse head and shoulders pattern gold had formed during the last three years. I presented the below chart to illustrate this:
Wednesday, October 14, 2009
Awaiting Entry Point on DIG Ultra Long Oil and Gas ETF / Commodities / Commodities Trading
By: Mike_Paulenoff
The oil and gas sector finally is on the move, perhaps in reaction to the decline of the dollar (commodity relationship). Since last Friday, the Proshares UltraLong Oil & Gas Sector ETF (NYSE: DIG) climbed from 34.00 to 36.32, or +6.8%. More importantly, the rally off of the October 2 low at 29.13 also broke above a ONE YEAR RESISTANCE plateau at the 34.00 level as well, which has measured upside potential targets of 44.50 and 51.00.
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Wednesday, October 14, 2009
Russia Bolivia to Launch Natural Gas Joint Venture / Commodities / Natural Gas
By: F_William_Engdahl
The latest news report that Russia will sign an agreement with the Bolivian government to explore and produce natural gas is a significant setback for US domination of its traditional Latin American sphere of influence. Since it was declared in 1823 as the Monroe Doctrine, the United States, especially its banking elites have regarded South America as a de facto ‘American plantation.’ The move by Russia’s state-owned Gazprom into Bolivia must be seen as Moscow’s asymmetric geopolitical response to US expansion of NATO to the doorstep of Moscow in recent years. The US is ill-prepared to counter with any economic incentive.
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.
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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.”
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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.
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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).
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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