Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Thursday, May 21, 2009

Upside Pivot Expected for Natural Gas ETF UNG / Commodities / Natural Gas

By: Mike_Paulenoff

Never a dull moment in the U.S. Natural Fund ETF (NYSE: UNG), right?  After watching this crazy market for several years, I still don’t seem to appreciate enough the wicked volatility natural gas is capable of exhibiting on a regular basis.  Clearly, no resistance or support level is sacred in the UNG.  Having said that, however, IF (and it is always a BIG if) the UNG started a new upleg at the April 30 low of 12.69 and ended the initial upmove of the upleg on May 12 at 17.73, then this deep pullback is a gift to would-be bulls. 

Thursday, May 21, 2009

Strong Silver Rally Within Overall Bear Market / Commodities / Gold & Silver 2009

By: Roland_Watson

Back in February I had a look at the gold-silver ratio and suggested silver was looking overbought in terms of the ratio using a 10 year chart. I reproduce that chart below to refresh memories.

Thursday, May 21, 2009

Gold, Keeping it Simple / Commodities / Gold & Silver 2009

By: Chris_Galakoutis

There can be little doubt that the US economy is in uncharted waters.  The crash of 2008 and the US government’s response -- and the world’s response, for that matter -- were unprecedented, which means that many of the old rulebooks get thrown out the window. 

Thursday, May 21, 2009

Gold Benefits from Global Credit Ratings Crisis as UK Downgraded / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD in the wholesale spot market rose to new 7-week highs at the start of London dealing on Thursday, touching $944 an ounce before slipping back as the US Dollar bounced on the currency market, and crude oil fell together with world stock markets.

Thursday, May 21, 2009

Gold Strong Bullish Technical Setup / Commodities / Gold & Silver 2009

By: Michal_Matovcik

Ai note: our gold technical setup from April 24 2009, falling wedge pattern (rising flag)

Thursday, May 21, 2009

Stocks, Gold and Silver ETF Trading Outlook & Forecasts / Commodities / Forecasts & Technical Analysis

By: Chris_Vermeulen

The broad market has been moving higher with great force the past 2 months. I have been expecting a top for the past 2-3 weeks. It looks like the market is starting to come in (sell off).

Thursday, May 21, 2009

Gold Price Still On The Launching Pad / Commodities / Gold & Silver 2009

By: Guy_Lerner

I last wrote about gold on April 30, 2009. In that article, I stated that gold was on the launching pad. Something big was going to happen. Gold had consolidated into a range that would lead to a breakout or a breakdown. The only problem I had no idea what direction gold was going.

Thursday, May 21, 2009

Gold Price Is About to Soar / Commodities / Gold & Silver 2009

By: Paul_Learton

Do you own gold yet?

As I’m sure you’re aware, starting in July 2007, the financial markets entered one of the most severe crises in history. In response to this, the Feds (Federal Reserve, Treasury Department, etc.) have tried to prop up the financial system with numerous interventions. A brief recap of their moves are as follows:

Thursday, May 21, 2009

Gold Price Set to Double This Fall / Commodities / Gold & Silver 2009

By: Paul_Learton

Gold was, is, and always will be THE ultimate storehouse of value. Mankind was prizing this stuff during the prehistoric period, long before the concept of stocks, mutual funds, or paper money even existed.

Now, I know what you’re thinking, “gold has already risen from $250 to $900 an ounce, how much higher can it go?”

Thursday, May 21, 2009

Worlds Wealth Under Invested on Gold Compared to Past Crisis / Commodities / Gold & Silver 2009

By: Adrian_Ash

Deprecated and reduced as a financial asset, gold is fast-gaining new buyers yet remains under-invested compared to previous crises...

"FEAR, Mr. Bond, takes gold out of circulation and hoards it against the evil day," as 007 learns from a Bank of England officer in Ian Fleming's Goldfinger (1959).

Thursday, May 21, 2009

Constructive Bullish Pattern for GDX / Commodities / Gold & Silver 2009

By: Mike_Paulenoff

The weaker dollar, stronger gold, and continued strength of the stock indices has propelled the Market Vectors Gold Miners ETF (NYSE: GDX) to new, multi-month recovery highs.  After selling off late yesterday in sympathy with the overall stock averages, today the GDX is up in sympathy with the climb in the equity futures as well as because of the “bid” in both spot gold and Euro/$.  My overall pattern work remains very constructive and points to a sustained upside breakout above 39.35 – on the way to 41.50-42.00 next.  Only a decline that takes out 36.54 will begin to compromise the current chart set-up.

Wednesday, May 20, 2009

Balancing Crude Oil Supply and Demand / Commodities / Crude Oil

By: Evan_Smith

We’ve seen huge volatility for oil prices the last nine months, but it now looks like oil is starting to bottom out after hitting lows in late 2008 and the first part of this year.

Wednesday, May 20, 2009

CDNX Junior Miners, Keeping An Eye On The Insiders / Commodities / Gold & Silver Stocks

By: Dudley_Baker

Recently we have seen several articles on the merits of tracking insider buying activity and we would like to put our spin on the subject adding our specific interest in the natural resource sector. The junior mining shares are looking better each day as represented by the CDNX (S&P/TSX Venture Composite Index) and investors need all the tools possible at their disposal.

Wednesday, May 20, 2009

Gold Quietly Moving Towards $1,000 / Commodities / Gold & Silver 2009

By: LiveCharts

As the dollar has faltered recently, gold speculators have been among the winners of this financial trend. Along with several major currencies, including the Pound and Euro, gold rates have trended higher since mid-to-late April as the Fed maintains a zero per cent funds rate, and the economy remains sluggish.

Wednesday, May 20, 2009

Gold Re-Tests $930 as U.S. Dollar Falls / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE PRICE OF GOLD pushed 0.5% higher early Wednesday in London, nearing last Friday's seven-week highs as world stock markets trod water despite a flood of record-bad economic data.

Re-testing a break above $930 an ounce for the third time in four sessions, the Gold Price failed to hold £600 or €680 for UK and Euro investors, however, as the US Dollar fell hard on the currency markets.

Tuesday, May 19, 2009

Gold on the Cusp of a Significant Price Rise / Commodities / Gold & Silver 2009

By: The_Gold_Report

The 'Sell in May' situation could arrive right on time this year, according to Roger Wiegand of Trader Tracks, who anticipates the next larger, extended rally in gold this fall. In this exclusive interview with The Gold Report, Roger suggests some alternate market plays for the lean summer months and explains why he believes "the deck is stacked against the stock market" and $1,375 gold appears in the cards.

Tuesday, May 19, 2009

SLV Silver ETF Chart Points to Another Upmove / Commodities / Gold & Silver 2009

By: Mike_Paulenoff

Today’s strength in the iShares Silver Trust ETF (NYSE: SLV) argues that all of the action from the May 12 rally peak at 14.06 to yesterday’s low at 13.42 represents a completed pullback within the upleg that started after the April 17 low at 11.64.  My overall work in the SLV points to another upmove (that likely started today) that should hurdle key resistance at the prior high (14.06) on the way to an assault on the February high of 14.45. 

Tuesday, May 19, 2009

Gold Rally Lacks Momentum / Commodities / Gold & Silver 2009

By: Adrian_Ash

THE SPOT PRICE of gold stayed flat early in London on Tuesday, trading between $920 and $923 per ounce as world equities extended their near-$9 trillion gains of the last nine weeks.

"Gold continues to drag sideways," notes Phil Smith for Reuters Technical India, "still pushing up against the old resistance level of 935."

Monday, May 18, 2009

Invest in Cold Fusion Energy and Palladium / Commodities / Palladium

By: Roland_Watson

Cold Fusion, that pariah of established science, made a comeback in March as the US Navy's Space and Naval Warfare Center went public with results which they believed confirmed that low energy nuclear reactions were present, repeatable and decisively demonstrable in their specialized palladium/heavy water experiments.

Monday, May 18, 2009

Deflation Runs into the Brick Wall of Chinese Agri-Foods Inflation / Commodities / Agricultural Commodities

By: Ned_W_Schmidt

The road to deflation was a short one. It ran smack into reality. That reality is that the rest of the world does exist, and that North America is not the center of tomorrow's universe. The bursting of the credit fed hedge fund mania did yes hurt all markets. But, some of those markets are again being influenced by their structural, and longer term, dynamics. That China has not collapsed into a recession anywhere near the magnitude experienced by Western economies must come as a shock to many economists and strategists. They were wrong. That they do not understand the secular dynamics at play in Asia is now fairly obvious. In tomorrow's economic world, North America is slowly becoming a side show.