Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, July 31, 2009
Gold Rockets with the Euro / Commodities / Gold & Silver 2009
Gold prices and the SPDR Gold Shares (NYSE: GLD) have rocketed in sympathy with the thrust in euro/dollar to 1.4250 from 1.4030. What caused the simultaneous sudden spikes in gold and euro right now remains a mystery. However, the fact is that today’s surge in the GLD is pushing up against important resistance at 94.00, which if hurdled should trigger a run at more critical resistance at 95.85.
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Friday, July 31, 2009
Falling Global Gold Production / Commodities / Gold & Silver 2009
There is no denying gold’s store-of-value relevance throughout the history of the world. It has been and will always be the ultimate form of currency. Even today gold’s alluring and timeless qualities transcend every political, social, and monetary boundary that man puts into place. Gold’s core fundamentals will forever be rock solid.
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Friday, July 31, 2009
Silver Investing Risk and Reward Analysis / Commodities / Gold & Silver 2009
One of the questions I am asked most frequently is, “Where can I invest in precious metals to maximize returns?” The answer is not as straightforward as one might expect.
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Friday, July 31, 2009
Gold BreakOut on U.S. Dollar Devalution Expectations? / Commodities / Gold & Silver 2009
Some sage gold watchers are expecting a major $ devaluation before the end of the year! Some say it could be any day now. Certainly the fundamentals have pointed that way, as we have discussed for some time now, this despite the repeated "Strong $ Policy" statement from this and the last Administration. The concept is no doubt alarming and implies a radical change in global economics.
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Friday, July 31, 2009
Why Food Prices Are Set To Rocket / Commodities / Agricultural Commodities
Sean Brodrick writes: China leads the world in many things, including the amount of ground lost to desertification or ecological disaster.
At the same time, the Chinese are changing their eating habits … eating more food and especially more beef. As a result, despite bumper crops, China is becoming more at risk of being unable to feed itself.
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Friday, July 31, 2009
Short Term Bulls Slip Up in Crude Oil / Commodities / Crude Oil
The rebound in Crude Oil (NYMEX) seen in July, off clear technical support, was no surprise. But we questioned the longevity of this, believing that the bears still had something up their sleeve. We therefore had assumed that this bounce was of a corrective/temporary nature, and decided to maintain a bearish stance in the Commodity Trading Guide. So far, we remain happy with this.
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Friday, July 31, 2009
Gold's Mini Rally After the Plunge / Commodities / Gold & Silver 2009
Gold: After falling by nearly $30/oz on Tuesday, to $926/oz, gold experienced a mini rally yesterday moving back to $938/oz in early trading. Whether this is a temporary bounce after a significant sell off remains to be seen.
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Friday, July 31, 2009
Commodities Still a Lot More Attractive Than Stocks / Commodities / Gold & Silver 2009
One has to admit, the stock market has shown remarkable resilience during this crisis. If we are to assume that the stock market has bottomed (I doubt it), then stocks managed to do so at levels far higher than they usually hit during recessions.
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Thursday, July 30, 2009
Bullish on Commodities, From Natural Gas in India to Oil in South America to Uranium in East Africa / Commodities / Resources Investing
Primevest Capital Corp. President Ryaz Shariff reaffirms his long-held status as a commodity bull in this exclusive interview with The Energy Report, telling us to expect significant upticks in the markets once demand resumes. Having shifted somewhat from the mining sector last year, he also talks about some of the energy plays he likes these days—from natural gas in India to oil in South America to uranium in East Africa.
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Thursday, July 30, 2009
Worst of Natural Gas Bear Market Behind Us / Commodities / Natural Gas
The natural gas inventory figures came in more or less as expected, which in this market is a victory! Otherwise, the tame inventory data really should not be a surprise. If we are to believe what my near and intermediate work is telling us, the worst of the gas bear market is behind us, and now we are in the arduous “base-building” phase (measured in weeks) prior to a sustainable powerful upmove.
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Thursday, July 30, 2009
Equity-driven Commodities Correction / Commodities / Commodities Trading
KEY POINTS
• Resistance in stocks drives commodity correction
• Risk aversion in equities underpins US$
• Gold low expect in September/October
• Range-bound oil prices under resistance
• Copper prices stall at $2.50
• Natural gas looks to seasonal strength in September
Thursday, July 30, 2009
Gold Warning For Investors During Recessions Depressions / Commodities / Gold & Silver 2009
The following article is adapted from a brand-new eBook on gold and silver published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. For the rest of this revealing 40-page eBook, download it for free here.
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Thursday, July 30, 2009
Gold New High of $1033 Should be Reached Due to Continuing Risk Aversion / Commodities / Gold & Silver 2009
Gold: Gold fell by $25 yesterday but has found reasonable support at $930/oz. In the short term, the daily momentum would appear to be bearish for gold and although it may experience a temporary bounce in the next day or two, a move to the downside should be expected, possibly falling as low as $905/oz.
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Thursday, July 30, 2009
Gold and Crude Oil Market Meltdown Analysis / Commodities / Commodities Trading
Everything is playing out exactly as we hoped and expected this week. We have been so close to a buy signal in gold and silver but Monday’s intraday observations saved us from a nasty trade.
Those of you in love with oil just had a Kiss Good Bye! Better PUT some love letters together J pardon the pun.
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Wednesday, July 29, 2009
Some Commodity Related Securities Outpacing Gold 15:1 YTD / Commodities / Options & Warrants
Where should we be investing what is left of our hard earned money these days? As the table below reveals having bought a basket of commodity related warrants with a minimum duration of at least 24 months at the beginning of 2009 would have been the right choice. Such warrants are up 111.9% YTD, up 12.8% in the past month and up 11.7% in just the last week. That is 14.7 times greater than the 7.6% YTD increase in gold, 13.3 times greater than the 8.4% increase in the S&P 500, 5.8 times greater than the 19.4% increase in the HUI and 4.8 times greater than the 23% YTD increase in silver.Read full article... Read full article...
Wednesday, July 29, 2009
Gold Lacks Relative Strength / Commodities / Gold & Silver 2009
Gold is not going to breakout anytime soon. Its relative strength or lack thereof, is the chief reason. Gold has been rising recently, only due to the positive tide in most markets. In the chart below, you can see that the various ratio charts have formed a negative divergence to Gold. Gold has not only been weak against commodities and stocks but also foreign currencies. On the positive side, the ratio charts have formed a serious long-term positive divergence. Relatively speaking, Gold has bested its 2008 highs in most forms, but not in US dollars.
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Wednesday, July 29, 2009
Crude Oil Price Rocked by Investory Data / Commodities / Crude Oil
Terrible inventory data (much more than expected) has rocked the long side of crude oil this AM and the U.S. Oil Fund ETF (NYSE: USO). The price structure has pressed beneath its RISING 50 DMA at $66.29 into the low $63.50 area so far, and could be heading for a test of its 4 month support line, now at $61.30. Although today's action certainly has the fundamental catalyst to continue lower, let's be aware that the prior correction from the June highs above $73.00 into the July 13th low at $58.32 represents a completed MAJOR CORRECTION.
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Wednesday, July 29, 2009
Gold Price Implodes, What Happened to the Gold Market? / Commodities / Gold & Silver 2009
I think it came as a big surprise to many traders that the gold market imploded on Tuesday pushing to its lowest levels in several days.
The downward spiral was enough to trigger a daily "Trade Triangle" which moved us into the neutral camp on this market. Exiting our long gold position based on our "Trade Triangle" signals produced a very small profit or in some cases of break even trade.
Wednesday, July 29, 2009
Storing Bullion Internationally / Commodities / Gold & Silver 2009
"Tis the part of the wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.”
Many investors internationally will wish that they had paid attention to the wise old proverb used by Cervantes in Don Quixote in 1605.
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Wednesday, July 29, 2009
China the 800lb Gorilla of Commodities Demand / Commodities / Articles
Increasing the money supply invariably leads to inflation—but that's not the only factor driving it. "Populist policies that are focused on protectionism and unionism will force inflation in America," says Frank Holmes, CEO and chief investment officer at U.S. Global Investors. While he doesn't anticipate across-the-board inflation, he does foresee certain commodities having stronger inflation than others. In this exclusive interview with The Gold Report, Frank discusses changing patterns in commodity prices and how investors can gauge where they're headed next.
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