Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, October 09, 2009
Central Banking: A Blight On Humanity / Commodities / Central Banks
Impeccably reliable sources have informed me that as recently as Sept. 30, 2009 – the last possible day of trade in the Sept. 09 gold futures – a number of well-heeled market participants “bought” substantial tonnage worth of gold futures on the London Bullion Market [LBMA] and immediately told their counterparties they wanted to take instantaneous delivery of the underlying physical bullion.
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Friday, October 09, 2009
Gold Futures Commitment of Traders Analysis / Commodities / Gold & Silver 2009
With gold forging glorious new record highs (in nominal terms), traders’ interest in this metal’s 8-year-old secular bull is ballooning rapidly. And like most commodities, the lion’s share of gold trading happens in the futures markets. So the tactical gold-price action at any given moment is usually dominated by futures buying and selling.
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Friday, October 09, 2009
Gold Pullback From New Record Highs Winning Streak / Commodities / Gold & Silver 2009
After recording new record nominal highs on three consecutive days, gold appears to be taking a well earned breather. It has held steady above $1040.00/oz at the present time and looks set to record another higher weekly close and a historic record weekly close. It has retreated somewhat from record highs due to some profit taking and a partial recovery of the dollar.
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Friday, October 09, 2009
Gold, Crude and Copper – Tis the Seasonal to be Checking / Commodities / Commodities Trading
As we move into another quarter it is always good to review the seasonal aspects of the market so as to have an idea what (on average) usually happens. The hard assets (and the paper ones too) have amassed quite a rally over the year.
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Friday, October 09, 2009
Dow to Gold Ratio Update / Commodities / Gold & Silver 2009
The Dow to Gold ratio is something I harp on again and again. Why? Well, two reasons. The second I'll mention later. The first reason is that it is a very big step for stockbugs to step away from their addiction with all things Wall Street. The long term chart of the Dow to Gold ratio tends to induce cognitive dissonance in stockbugs and may help them get to rehab. In other words, to change their thoughts on investing "for the long haul." Most Americans of investing age right now are bred to be stockbugs and are saturated with messages about investing in stocks that are, quite simply, ridiculous and biased.
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Friday, October 09, 2009
Gold Strong Uptrend Remains Intact / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked lower with equities, government bonds and crude oil in London dealing on Friday, but headed towards the US Columbus Day weekend almost 5% higher for the week.
The US Dollar meantime fell from an overnight rally, helping gold priced in Euros slip back 1% from Thursday's new 7-month high of €717 an ounce.
Friday, October 09, 2009
Silver, the U.S. Dollar and the Two American Citizenships / Commodities / Gold & Silver 2009
"To me, the most ominous flaw in our constitutional set-up is the fact that the federal government does not have control over money and credit and does not have control of corporations. It is therefore not really sovereign. And it is not really responsible, because it is now controlled by these two groups, corporations, and those who control the flows of money. …….
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Friday, October 09, 2009
U.S. Dollar Bottoming and Gold Bullion Topping Forecasts / Commodities / Financial Markets 2009
The U. S. Dollar Index is bottoming or has bottomed today and will rise for approximately one year in Wave [C] up.
Gold bullion is peaking or has peaked and will decline for approximately one year in Wave [C]down.
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Friday, October 09, 2009
Gold Touches a New Record High / Commodities / Gold & Silver 2009
“Gold continues to climb…stoked by inflation worries,” says a headline in the International Herald Tribune.
Yesterday, it touched a new record – $1,050 – even as the dollar rose, oil slumped under $70 and stocks dipped very slightly.
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Thursday, October 08, 2009
Crude Oil Prices to Remain Inflated, but Don't Pass on Natural Gas / Commodities / Energy Resources
Ranked #3 on Forbes' Best Brokerage Analysts for 2009, Oppenheimer Senior Analyst Fadel Gheit sat down with The Energy Report to shed light on existing conditions in the oil and gas sector. In terms of oil prices, "financial players are more in control now than oil companies or OPEC," according to Fadel, who is currently more bullish on gas than on oil. "Despite the fact that gas stocks gained significantly this year," he says, "we think the upside potential remains great."
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Thursday, October 08, 2009
Taking Profits on Silver SLV ETF / Commodities / Gold & Silver 2009
This is what I wrote just before the opening bell regarding the iShares Silver Trust ETF (NYSE: SLV): "My work argues that the measured upside move off of the Sep-Oct base pattern has hit its target in the vicinity of 17.35/40, which more often than not is a compelling reason to EXIT the market, at least for a little while, to give ourselves some time to reassess the technicals as well as our committment level to wanting to continue to have a long position in the aftermath of a rapid climb from 15.64 to 17.53 or 12%."
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Thursday, October 08, 2009
Gold Says "Cash is Cheap" as Policy-Makers Apply "Quick-Fix Stimulus" Once Again / Commodities / Gold & Silver 2009
THE PRICE OF GOLD rose yet again in Asia and London on Thursday, hitting fresh all-time Dollar highs for the third day running in what one dealer called a "relentless [move] as fresh investment money continues to flood into the bullion market."
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Thursday, October 08, 2009
An Alternative to Gold That You May Find Interesting / Commodities / Gold & Silver 2009
There is no doubt about it - gold is getting a lot of press and media attention lately. So the question is, is the move in gold over or is it just beginning?
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Thursday, October 08, 2009
Gold New Record High at $1,058/oz but Remains Less than Half its Real Price of 30 Years Ago / Commodities / Gold & Silver 2009
Gold continues to push higher and took out resistance of $1,050/oz yesterday and moved toward $1,060/oz before retreating slightly. With investors continuing to allocate funds into the gold market, the next target is likely to be an assault on the psychological $1,100/oz level. Increasing concerns of a double dip recession and of the outlook for major currencies is leading to continuing robust investment demand (significant gold ETF demand in recent days).
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Thursday, October 08, 2009
Gold Price Collapse to $600? / Commodities / Gold & Silver 2009
Investors never learn. Merely a year after the collapse in the financial system and the next speculative bubble is taking shape, this time in the form of gold.
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Thursday, October 08, 2009
Divorce the U.S. Dollar and Marry Gold / Commodities / Gold & Silver 2009
With their money and banking system having presented them with a case of system failure by disintegrating before their eyes and taking the economy with it, America’s economic experts who support and run the FED’s central banking–inconvertible paper dollar system cannot place the blame for this where it belongs, which is on the system itself, its supporters, and those who make its policies. They cannot bring themselves to diagnose the system’s ills and rectify them because they are at the center of them. They cannot stare the failure of inconvertible paper money squarely in the face and move to eliminate it. If they did, they’d be out of jobs and out of power.
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Thursday, October 08, 2009
Crude Oil, Gas, Silver Gold – Getting Ready for Next Commodities Rally / Commodities / Commodities Trading
Commodities have and continue to be a fantastic trading vehicle for those who can stomach volatility. After last year’s market crash most commodities pulled back to normal if not lower than normal trading ranges. This allowed us to enter the market at 10+ year lows for natural gas.
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Thursday, October 08, 2009
Gold Breakout, Buy Gold! / Commodities / Gold & Silver 2009
Two day ago, the price of gold broke out to a new high and we are delighted with this result. As you will recall, we were expecting an upward breakout in gold and it looks as though its price will now surge over the following months. It is noteworthy that since the breakout occurred, gold has managed to stay above the previous high. The longer the price of gold stays above US$1,030, the greater the probability that the yellow metal will stage a spectacular rally until spring next year.
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Wednesday, October 07, 2009
Crude Oil Refuses to give up on $70 / Commodities / Crude Oil
Regardless of what many economists and analysts have said about the supply and demand reality of oil, the price of a barrel continues to hover around and just over the $70 mark. In noon time European trade on the New York Mercantile Exchange Wednesday (October 7th), benchmark crude for November delivery trades at $71.20, after settling at $70.88 on Tuesday.
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Wednesday, October 07, 2009
Gold Rises to New Record High / Commodities / Gold & Silver 2009
Certainly one of the biggest stories of yesterday's market action is carrying over to today; gold's breakout to new record highs.Read full article... Read full article...