Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Tuesday, September 08, 2009

Gold Breakout Targets $1,325 on Flood of Liquidity / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD rose to an 18-month high for US investors in early London trade on Tuesday, breaking Feb's high of $1,006 an ounce as world stock markets rose for the third session running and crude oil gained 2.5%.

Ahead of New York traders returning from the long Labor Day weekend, the Dollar fell hard on the foreign exchange market, dropping to a two-week low of $1.6550 per Pound and a new 2009 low of $1.4480 against the Euro.

Tuesday, September 08, 2009

Gold at $1,000 and Beyond / Commodities / Gold & Silver 2009

By: Michael_Swanson

Gold is clearly headed to 1000 an ounce now. Last week we saw a key breakout in both gold and gold stocks, with many gold stocks up over 15% in just the past two trading sessions. The HUI and XAU both closed at new highs for the year last week too. This is key, because normally the trend in gold stocks leads the metal - meaning when gold stocks outperform the metal and go up faster than the metal it is bullish for both.

Tuesday, September 08, 2009

Sell Stocks, Buy Gold, The Trade of a Decade! / Commodities / Gold & Silver 2009

By: Bill_Bonner

What was the SEC doing...?

But first, what the stock market and the economy are doing...

In the past two days, the price of gold has shot up more than $40. It's now near $1,000 an ounce.

Tuesday, September 08, 2009

Gold Breaks Through Psychologically Important $1000 Level / Commodities / Gold & Silver 2009

By: GoldCore

Gold had a fairly quiet day yesterday, prompted by the Labour Day holiday in the US. This morning was a different story when gold, as expected, broke through the psychological $1000/oz level in late Asian trading. Initially, profit taking was seen at $1004/oz and the price fell back to $1,000/oz prior to rallying to over $1,007/oz. Gold looks very good technically and some investors are putting their trust in gold to see whether it pushes to new record highs just above $1,030/oz. Especially as extremely loose fiscal and monetary policies are likely to create an inflation headache down the road.

Tuesday, September 08, 2009

Gold and Silver Starting a Run Higher / Commodities / Gold & Silver 2009

By: Chris_Vermeulen

I hope everyone enjoyed the weekend!

Gold is once again the hot commodity, as the price rises to the $1000 per ounce level. This $1000 – $1033 is a technical pivot point for gold. One of two things is going to take place in the coming weeks.

Monday, September 07, 2009

Agri-Food Stocks Tied to Positive China Economic Trends / Commodities / Agricultural Commodities

By: Ned_W_Schmidt

For more than a decade investors have been misled. Was the misinformation intentional? Was the misinformation simply due to ineptness? Whatever the cause, the business media, the Street, and many advisors have not served investors well!  This author, like many of you, has listened to countless hours of investment gurus talk. We have all read millions of words written in print about  how to invest, as advised by experts. How many of them told us ten years ago that future returns in the U.S. equity market would be negative? Go ahead, name two. Not two that you read, but two that were presented by the main stream media.

Monday, September 07, 2009

Silver Eventually Set to Challenge $21 / Commodities / Gold & Silver 2009

By: Clive_Maund

Silver has made strong gains over the past couple of weeks as gold has broken out upside from its Triangle, but this rapid progress has resulted in it arriving once again at the important resistance level in the $15.90 - $16.40 area in a critically overbought condition. It therefore stands to reason that it is likely to react back or at least consolidate before significant further gains can be made, especially as the Commercials were piling on the shorts last week - and this is only what we know about as the data is only available up to last Tuesday's close, and it is fair to assume that they rose to even higher levels as silver rose sharply later in the week.

Monday, September 07, 2009

Gold Investment Underpinned by Wealth Preservation as Inflation Systemic Risk Rise / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD held near last week's close in Asia and London on Monday morning, trading at $994 an ounce as analysts agreed $1,000 would soon be reached but argued whether that price is sustainable.

"Overall, the big picture [for gold] remains bullish," says the Sept. edition of Metal Matters from London market-makers Scotia Mocatta.

Monday, September 07, 2009

Quiet Day for Precious Metals During Labour Day Holiday / Commodities / Gold & Silver 2009

By: GoldCore

With the Labour Day national holiday in the US today, it should be a quiet day for the precious metals. However, even though a firmer dollar and a bout of profit taking pulled gold back from $1000/oz last week, it only retreated as far as $986/oz before climbing back to $994/oz. This is a strong indicator that gold can maintain its bull trend. The next level of resistance is $997/oz with $1,005/oz and $1,032/oz thereafter.

Monday, September 07, 2009

Russian Oil Production Overtakes Saudi Arabia / Commodities / Crude Oil

By: Andrew_Osborn

Russia is extracting more oil than Saudi Arabia, making it the biggest producer of "black gold" in the world, figures show.

The statistics, from the oil cartel Opec, reflect a trend that has seen the Russians periodically surpass the Saudis as the world's biggest oil producers on and off since 2002.

Monday, September 07, 2009

Gold Short-term Overbought, Silver Critically Overbought / Commodities / Gold & Silver 2009

By: Clive_Maund

Gold has broken out of its large Symmetrical Triangle to the upside, and is now in position for "the big one" - the breakout above the wall of resistance approaching last year's highs in the $1030 area. However, those who are expecting it to accomplish this immediately are likely to be disappointed as its short-term overbought status and especially silver's critically overbought condition and very high Commercial short position are pointing to an imminent reaction, although this reaction should present a great buying opportunity ahead of the major breakout.

Monday, September 07, 2009

Gold Breaks Out of Symmetrical Triangle on Expanding Volume / Commodities / Gold & Silver 2009

By: Douglas_V._Gnazzo

Gold - Last week palladium was highlighted in this report, as it was making new highs, which suggested the other metals would soon follow. Gold reacted with a big move, adding $39.50 (+4.14%) to close at $994.40. In last week’s report on gold I wrote:

Sunday, September 06, 2009

Gold Short-term Trend Flattening Out / Commodities / Gold & Silver 2009

By: Merv_Burak

The week started slow, ended slow but the middle was a blast.  With a long week-end ahead one is brave to try and predict what the next trading day will bring.  So, the best we can do is to determine where we are.

Sunday, September 06, 2009

Gold and Precious Metals September Trend Analysis and Forecast / Commodities / Gold & Silver 2009

By: Przemyslaw_Radomski

It was a blockbuster summer for the bulls on Wall Street but September is historically the market’s worst-performing month and already as the month has just began we’ve begun to see some sharp pullbacks. Interestingly enough, on the flip side of the coin, September is historically the best month for gold.

I mentioned buying precious metals mining stocks two weeks ago - if you did, you would have made about 14% profit so far if you diversified in many stocks (HUI Index), and about 19% if you put your money in the top 3 stocks that my leverage calculator suggests as a speculative proxy for gold.

Sunday, September 06, 2009

Gold is a Currency You Can Rely On / Commodities / Gold & Silver 2009

By: Adam_Brochert

I get comments and questions from people who don't understand why Gold is money and don't understand why it has any value other than as jewelry. The two most important functions of money in my opinion is that is function as a unit of exchange and a store of value. Money should also be durable, portable, divisible, acceptable, uniform and in limited supply to function effectively.

Sunday, September 06, 2009

Gold Is Speaking, Are you Listening? / Commodities / Gold & Silver 2009

By: J_Mike_Oliver

In the current global manic rush by central banks to inflate and by governments to spend that paper, there are a few observers who have expressed concern that at some future date this wholesale, last ditch Keynesian and Statist approach just might actually produce "inflation."

Sunday, September 06, 2009

Gold, Precious Metals Real or False Breakout? / Commodities / Gold & Silver 2009

By: The_BullBear

The recent move in gold and silver may be an important top, a decisive breakout or a prelude to a shakeout of weak hands before the real move. Let's examine the potential scenarios.

BULLISH: IT'S A MAJOR BREAKOUT

Saturday, September 05, 2009

Gold Final C Wave About to Begin / Commodities / Gold & Silver 2009

By: Ronald_Rosen

Sorry to remind you folks, but a bull market goes up on rising volume and rising open interest.

A correction in a bull market goes down on declining volume and declining open interest. 

Saturday, September 05, 2009

Out of the U.S. Dollar into Gold / Commodities / Gold & Silver 2009

By: Mike_Paulenoff

The dollar was on the defensive Friday after holding its value relatively well since Wednesday¹s upside explosion in gold prices. Let¹s notice that the Dollar Index (DXY) is pressing on its key Aug-Sept support line near 78.00, which is an ominous sign heading into a three-day weekend.

Saturday, September 05, 2009

The Conditions for Global Gold Confiscation, Part4 / Commodities / Gold & Silver 2009

By: Julian_DW_Phillips

As the fourth part of this series we now look at this question: “What circumstances will the world monetary system be in, in the event of the Confiscation of Gold by Central Banks?”