Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, August 25, 2009
Peak Oil has Peaked, Crude Oil About to Rollover / Commodities / Crude Oil
and the price of crude is about to roll over. My previous piece on oil allowed for the possibility of a double top in crude oil, and I think that is what we are getting. A "big picture" overview of the oil bull market follows using a 12 year weekly log scale chart of the price of crude ($WTIC):
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Monday, August 24, 2009
Agri-Food's impact of Indian Drought and Contracting U.S. Farmland Acreage / Commodities / Agricultural Commodities
Years have passed since investors seemed to pay attention to anything other than the latest short-term, but irrelevant, number of the day. Perhaps the ESPN approach being applied to business news is part of the reason for that. What might happen next week or next year seems of little concern. However, next week and next year have a habit of becoming today over time.
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Monday, August 24, 2009
Rhodium, The Most Precious Precious Metal? / Commodities / Rhodium
The Platinum Group Metal With Very Interesting FundamentalsIntroduction
While gold and it’s very attractive little sister silver have attracted the attention of some investors of late, there is a metal that is far, far rarer and has fundamentals that merit investment consideration. Some consider it the ultimate symbol of wealth—above and beyond gold, silver or platinum—because of its price and very significant rarity.
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Monday, August 24, 2009
American's Striving to be Free / Commodities / Gold & Silver 2009
Well, our world is definitely in the throes of wild and wooly change.
The United States has begun losing its dreams. It doesn’t even know how to dream anymore. Its only goal is getting rich in the next bubble. Its only hope is winning 1 million dollars by retirement. Doesn’t want to make anything. Doesn’t want to produce anything. Walla! Its dreams are being answered. All the jobs are south and east. So, with no worry over the difficult task of employment the US can concentrate on its hope of prosperity without producing anything.
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Monday, August 24, 2009
Gold Still Range Bound But Investors Hedging Their Bets on Dollar and Stocks / Commodities / Gold & Silver 2009
THE PRICE OF GOLD briefly added to last week's gains early in London on Monday, rising to $957 an ounce before slipping back as Asian equities jumped and European shares hit fresh 10-month highs.
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Monday, August 24, 2009
Hot Gold Stocks, Drop Bears and Market Timing / Commodities / Gold & Silver Stocks
Share price action has been patchy but exciting in many cases over the last few months. We called a correction at GoldOz and were right for the overall majority of the gold equities sector. However this has been a bit of a “drop bear” rather than a “bear market” type of correction – why? Numerous hot “multi-baggers” in our short list on the Gold Members pages have performed strongly as their share prices doubled, tripled and quadrupled or better.
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Sunday, August 23, 2009
Silver Unusual Divergence From Strengthening Gold / Commodities / Gold & Silver 2009
There has been an unusual divergence between silver and gold over the past few weeks - gold's COT structure has improved while silver's has continued to deteriorate, against a background of a technical picture that looks considerably weaker than that for gold.
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Sunday, August 23, 2009
Gold Upside Breakout Alert! / Commodities / Gold & Silver 2009
UPSIDE BREAKOUT ALERT: gold is now believed to be very close to an upside breakout to new highs, a development that should lead to a rapid advance towards the $1300 area, and it should be noted that this scenario will not be negated by a brief sharp drop that may be aimed at wrong-footing a lot of traders.
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Sunday, August 23, 2009
Gold, Silver and Energy Sector Analysis / Commodities / Commodities Trading
Precious metals like gold and silver appear to be forming a bullish pennant formation, which generally leads to higher prices. Currently the US dollar is hovering around a support level, which is the 76- 79 range. Only time will tell if the US$ breaks down sending gold to new highs in the coming months.
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Sunday, August 23, 2009
Gold and Silver Mining stocks are Trading Sideways, Consolidation or Another Top? / Commodities / Gold & Silver 2009
Various news media reported this week that demand for gold sank to a five and a half year low in the second quarter of 2009 after jewelry consumption dropped by more than one fifth. This sounds discouraging, but before jumping to final conclusions, let’s take a closer look at the data itself (courtesy of World Gold Council). Let’s keep in mind that journalists can sometimes slant the figures, or ignore those that don’t fit their story.
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Sunday, August 23, 2009
Gold Sideways Megaphone Pattern Continues, Is the U.S. Dollar the Key? / Commodities / Gold & Silver 2009
Gold is still in that megaphone pattern and still going nowhere but sideways. One would expect that it can’t continue like this much longer but who knows?
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Saturday, August 22, 2009
Profiting From the Showdown at the Precious Metals CorralĀ / Commodities / Gold & Silver 2009
The Fundamentals for Gold and Silver have rarely been more bullish.
Peace has not “broken out” in many places in the world.
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Saturday, August 22, 2009
The Raging Bull Market in Resources / Commodities / Resources Investing
Investors who picked up on Victor Gonçalves' resource stock picks late last year have realized gains of up to 800%, so the views he shares in this exclusive Gold Report interview may prove profitable to consider. After all, quips the Equities & Economics Report producer, "Walking away with money is what you want to do." Victor considers the resource sector "the best place to be"—in fact, he says we're "just short of a raging bull." Investors might want to use his insights on a couple of well-positioned juniors to take advantage if his predictions again pan out.
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Friday, August 21, 2009
Upside Reversal in Natural Gas UNG ETF / Commodities / Natural Gas
The morning’s low in the U.S. Natural Gas Fund ETF (NYSE: UNG) was followed by an hourly upside reversal in the form of a big “green” candle that spanned 11.33 to 11.74. That upmove represents the largest hourly concentration of buying since August 13 and is a conspicuous entry on the near-term chart picture.
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Friday, August 21, 2009
Get Out of the U.S. Dollar for Gold or Euro's? / Commodities / Gold & Silver 2009
Correlations come and go, but the path of Euros and gold rarely diverge vs. the Dollar...
"The DOLLAR is not a good store of value," says Nobel prize-winner Joseph Stiglitz, finally catching onto the last nine decades' 95% loss of purchasing power.
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Friday, August 21, 2009
Big Autumn Silver Bull Market Rally Forecast / Commodities / Gold & Silver 2009
Silver’s fundamentals offer plenty of reasons to be bullish in the coming years. Relentlessly growing global investment demand coupled with reduced production is a recipe for much higher prices. With something like 3/4ths of all the silver mined globally being merely a byproduct, primarily of base metals, supplies will remain constrained. Investors will have to compete in a tiny market for this scarce metal.
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Friday, August 21, 2009
Crude Oil Reaches 2009 High Helping Stocks Push Higher / Commodities / Crude Oil
Neil Kokemuller writes: Existing home sales data and a speech in Kansas City by Federal Reserve Chairman Ben Bernanke are among the hot items people are paying close attention to Friday (August 21). Based on speculators driving oil to a new 2009 high above $74, it appears investors are operating with the assumption that the news should be positive for the economy.
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Friday, August 21, 2009
Gold Jumps as Bernanke Speaks, Long Dull Summer Nears Its End / Commodities / Gold & Silver 2009
THE PRICE OF GOLD leapt towards the start of New York trade on Friday, adding $10 inside five minutes and reversing the last fortnight's drop as European shares rose to fresh 10-month highs.
Unwinding all of August's 2.3% loss above $955 an ounce, gold also rose against the other major currencies, hitting one-week highs for Japanese, Euro and UK investors.
Friday, August 21, 2009
Commodity Forecasts for Crude Oil and the AMEX Oil Stocks Index / Commodities / Crude Oil
Oil - The daily chart of the oil is shown below, with all three upper Bollinger bands riding above the index, while the lower 21 MA BB is rising to meet the index. The lower 34 and 55 MA BB’s are in close proximity to each other and the 34 MA BB should begin to rise if a moderate leg down were to occur. Full stochastics 1, 2 and 3 are shown below in order of descent, with the %K above the %D in 2 and 3. Based upon positioning of the %K in stochastic 2, there is no clear indication that the oil has completed its topping formation just yet.
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Friday, August 21, 2009
Goldman Sachs Over Regulation Could Lead to Higher Crude Oil and Commodity Prices / Commodities / Market Manipulation
Peter Krauth writes: After earning hefty profits on its commodities trading for nearly 18 years, heavyweight trader Goldman Sachs Group Inc. (NYSE: GS) now finds itself on the hot seat, defending this crucial source of revenue.
And while that may not be good for Goldman, it’s also bad for investors. Let me explain…
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