Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, August 09, 2009
Gold Closed Flat on the Week, Where Next? / Commodities / Gold & Silver 2009
A little bit up, a little bit down but in the end getting nowhere during the week. Gold finished the week just about where it started although silver had a much better time being up 5.0% on the week. So, where are we now?
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Sunday, August 09, 2009
Taking Profits on Gold / Commodities / Gold & Silver 2009
Trade Actions:
Sell both GOLD positions symbol GLD at the Market
Sell the OIL position symbol USO at the Market
Saturday, August 08, 2009
Will Central Banks Start Consficating Gold? / Commodities / Gold & Silver 2009
As part of a series we first look at this question: "If the U.S. decides to confiscate gold in the future, what impact might that have on Gold Shares and the COMEX Gold Futures prices?"
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Saturday, August 08, 2009
Helping Investors Navigate Metals and Mining Rocky Road to Riches / Commodities / Metals & Mining
You don't hear a lot about "peak gold," but the fact is that great gold deposits are harder and more costly to find these days. Then getting the few finds into production takes more time and money than ever before. So why bother? Because the occasional success story makes it all worthwhile for the intelligent investor. "It's those few that really keep all of us in this game and keep all the money coming in," renowned exploration analyst and geologist Brent Cook tells The Gold Report readers. Brent, who produces the weekly Exploration Insights newsletter, also offers a few tips for intelligent investing in metals and mining that don't require expertise in mineralogy to put into practice.
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Friday, August 07, 2009
PowerShares DB DoubleShort Oil DTO ETN Expected to Climb / Commodities / Crude Oil
My near-term work indicates that the decline in the PowerShares DB DoubleShort Oil ETN (NYSE: DTO) from its July high (low for crude oil) is at completion, which if accurate will mean that DTO prices climb towards those July highs. Provided that today’s new corrective low at 71.01 contains any further intraday weakness, my first upside target is a climb to test the recent rally peak at 77.47.
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Friday, August 07, 2009
Agricultural Commodities Trading, Retreat in Wheat Does Not Look Complete / Commodities / Agricultural Commodities
The long term Wheat chart has twice tried to overcome its 23.6% recovery level and failed. Notable weakness in June put bulls firmly on the sidelines, and there remains good potential for further shorter term losses.
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Friday, August 07, 2009
SPX Stock Index Driving Gold Price Trend / Commodities / Gold & Silver 2009
Among gold investors, the major drivers of the gold price are well-known. From mine production and central-bank sales to jewelry and investment demand, gold’s fundamentals have been and will continue to be extensively studied. But over the past year, a curious and sometimes dominating new gold driver has emerged.
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Friday, August 07, 2009
Media’s Confusion with Commodity Futures Trading / Commodities / Commodities Trading
There was an interesting article yesterday in the Wall Street Journal. The article spoke about Bluetrend a trend follower & commodity trading advisor who last year earned 43.4%. The article discussing the struggles that Blue trend is currently going through this year ( down 5.5%). The truth is, in commodity futures trading returns like last year are above the norm.
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Friday, August 07, 2009
Crude Oil, Gas, and Gold Seasonal Trend Update / Commodities / Commodities Trading
Commodity speculators and investors (women excluded) can learn a lot by observing the purchasing habits of the “woman of the house.” Obviously it’s not in all cases, and the statement is a generalization of the observations that some of us have which as you’ll read is very complimentary and helps me make a point. Rather than call this a woman’s job, it’s really a job that men are horrible at and women quite frankly have to execute for the household. (Yes, many men can do it, I’m generalizing) Although sometimes women are accused of being big spenders or not careful. However in most cases and I think you’ll agree, when you look really close, most women are very savvy and educated consumers.
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Friday, August 07, 2009
Gold Static Trading Ahead of Non Farm Payroll Data / Commodities / Gold & Silver 2009
Trading in gold has been fairly static this morning with the market looking for direction from the release of non-farm payroll data, due out today. A bullish note for the long term prospects of gold was chimed today on the news that the ECB has agreed to only sell 400 tonnes of gold per annum over the next 5 years, down 100 tonnes per annum from previous announcements. Importantly, the ECB said that, "gold remains an important element of global monetary reserves." With annual demand already outstripping production, this news will bolster the viability of gold as a diversifier and inflation hedge.Read full article... Read full article...
Friday, August 07, 2009
The Cobalt Commodity Story / Commodities / Metals & Mining
As a general rule, the most successful man in life is the man who has the best information
What is Happening with Cobalt?
Cobalt became one of the two “major” minor metals in this decade’s metals cycle, the other being molybdenum. Cobalt also made the short list of four metals that the European Union chose to name in its press release as representative of the 40 metals it is classifying as critical:
Friday, August 07, 2009
Silver Market Force / Commodities / Gold & Silver 2009
In this week’s missive I decided to take a clip from the August issue of The Morgan Report and share with readers what others have to say about the silver market.
Begin excerpt…
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Thursday, August 06, 2009
Uranium Will Rebound with Economy / Commodities / Uranium
The Energy Report checked in with Barbara Thomae, Senior Mining Analyst with the MineralFields Group, who says that they believe the economic recovery will spur reinvestment into the uranium sector, especially once uranium prices strengthen in line with other commodities. She says her firm's prudent portfolio picks (overweight in uranium and heavily overweight in gold juniors) have enabled them to have the best performance track record among all flow-through limited partnership groups for the past four years. Read on.
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Thursday, August 06, 2009
Gold Fails at Top of Trend Channel / Commodities / Gold & Silver 2009
This morning’s pop in the SPDR Gold Shares (NYSE: GLD) to a new recovery high (for July) at 95.38 was not sustained, and prices have since declined back into negative territory. More importantly, let’s notice that this morning’s high coincides with an attempt to push above the top of the July price channel, which apparently has failed on this attempt. The failure at the top of the channel argues for prices to come in beneath 94.00 towards 93.50 prior to another loop to the upside. It is with this in mind that I move to the sidelines for a while.
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Thursday, August 06, 2009
Gold and Silver The Only Gauranteed Way to Preserve Wealth / Commodities / Gold & Silver 2009
Bob Chapman writes: "Whoever controls the volume of money in any country is absolute master of all industry and commerce” – President James A. Garfield
Bowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the entire economy.
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Thursday, August 06, 2009
Gold Heading for $644 or $1200? / Commodities / Gold & Silver 2009
What if a decline to $644 takes place before the exalted highs are obtained? Is this possible? How could it happen? What would cause it to happen?
The reality, as I see it, is that time is more important than price on the way down as well as the way up.
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Thursday, August 06, 2009
Exchanging U.S. Dollars for Gold / Commodities / Gold & Silver 2009
Richard Daughty writes: The month of August 1971 is significant in that this is the month when Richard Nixon told the world, "Kiss my Fat American Butt (FAB), world, because although we Americans promised to maintain the purchasing power of the dollar against which all other currencies can maintain their value, too, we lied when we said that we would exchange gold for dollars to insure that we did what we said we would! Hahaha!
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Thursday, August 06, 2009
Gold Manages Break and Hold Above $960 / Commodities / Gold & Silver 2009
Gold
Gold, currently trading at $961.00/oz, has managed to stay above the $960.00/oz support mark and is finding it tough to break through the next resistance of $970.00/oz. If broken, it should test the further resistance of $980.00/oz very quickly. The ECB and the BOE meet today but are expected to leave interest rates unchanged.
Thursday, August 06, 2009
How High Can Gold and Silver Stocks Go? Hang On! / Commodities / Gold & Silver 2009
In December 2003 Edward Gofsky wrote a great article titled, “The 21st Century Gold Rush: How High Can Gold and Silver Stocks Go? Higher Than You Might Think!!”
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Thursday, August 06, 2009
Gold Bull Market Next Leg Higher Underway? / Commodities / Gold & Silver 2009
Is this the Gold move we've all been waiting for?
Is the big move finally here? With so many stops and starts in the gold market, it's hard to know which way is up.
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