Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, July 02, 2009
Gold Bull Market Next stop is $2,100 not $1,300 / Commodities / Gold & Silver 2009
Practically everyone in the gold community has mentioned the inverse head and shoulders pattern on the gold chart and the corresponding $1,300 target. The target is correct but the interpretation of the pattern is not entirely correct. That target comes from the pattern being a reversal pattern but in the current case of Gold it is not a reversal pattern. There is no downtrend it is reversing from. However, the pattern can actually function as a continuation pattern as John Murphy explains in his book, Technical Analysis of the Financial Markets:
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Thursday, July 02, 2009
Gold Price Slumps After Failing to Break Higher / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slumped into the New York opening once again on Thursday, dropping sharply from above $940 for the second time in two days as the Dollar rallied and stock markets fell on worse-than-expected US jobless data.
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Thursday, July 02, 2009
Gold: The Line of Least Resistance / Commodities / Gold & Silver 2009
Gold ! The ancient metal of kings. A lot has been written and discussed lately about gold's ability and inability to go parabolic and move past the 1000 USD barrier. There are fundamentally based discussions about effects of quantitative easing, the monetary basis, M3, the prospect of hyper-inflation vs. deflation, derivatives, artificial gold price suppression, Commitment of Traders reports.
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Thursday, July 02, 2009
Commodities Sector Timing Trading for Gold, Oil, Silver and Natural Gas / Commodities / Commodities Trading
Sector timing commodities - Being able to trade different sectors is crucial for making a living in today’s financial markets. One sector that cannot be over looked is the commodity sector.
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Thursday, July 02, 2009
The Silver Indexed Investment Bond / Commodities / Gold & Silver 2009
Silver investors over the last seven years have been on a rollercoaster ride as silver has bucked like a bronco to move between various price extremes with a rapidity not often seen in other asset classes.
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Wednesday, July 01, 2009
The Magic of the Golden Cross-Over Signal in Gold, Silver and Huey / Commodities / Gold & Silver 2009
A Golden Cross-over, or Positive Cross-over is when the 50 Day Moving Average (50D), moves above the 200 Day Moving Average (200D).
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Wednesday, July 01, 2009
What to do with Gold / Commodities / Gold & Silver 2009
Just as the stock market has been stuck in the mid-8,000 range over the past few weeks, the gold spot rate has been hanging around the $930 per ounce price point for a while. Despite a couple modest swings, gold has traded in a very narrow range between $920 and $940 since it dropped significantly from around $955 on June 11th to below $930 on June 15th.
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Wednesday, July 01, 2009
Gold Up, U.S. Dollar Down on Risks of Hyper-Inflation / Commodities / Gold & Silver 2009
THE WHOLESALE PRICE of investment gold jumped as the New York opening drew near on Wednesday, recovering most of yesterday's $20 drop as the Dollar fell on worse-than-expected US jobs data.
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Wednesday, July 01, 2009
Gold Question / Commodities / Gold & Silver 2009
Hi Captain Ron,
Thanks for the hand-holding during these tough times!
However, I can't help thinking if the general market is to plunge from here, what can stop gold from being dragged down by the deflationary force, (just as what occurred in 2008) especially when I see silver is particularly weak, and the commercial shorts are still up to their necks?
Wednesday, July 01, 2009
Lawrence Roulston: Every Reason in the World to Believe Gold Will Go Higher / Commodities / Gold & Silver 2009
The Gold Report recently caught up with newsletter writer and analyst Lawrence Roulston of Resource Opportunities, who's been travelling to learn more about the state of mining worldwide. In this exclusive interview, Roulston provides his thoughts on the outlook for the economy and what factors impact gold and other metal markets. "As the Western world gets back on track," says Roulston, "commodity prices will continue higher."
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Tuesday, June 30, 2009
Gold Breakout Above $1,000 Only a Question of Time / Commodities / Gold & Silver 2009
To borrow a phrase from a recent piece by Martin Armstrong, “it’s just time” for Gold to shine and revert to its role as money. Of course, the powers that be and their minions laugh in contempt at such a concept. Wall Street laughs at the investment that has no growth potential and pays no dividends.
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Tuesday, June 30, 2009
Gold Struggles to Stay Above $940 / Commodities / Gold & Silver 2009
Gold: Tomorrow heralds the beginning of a new quarter and given the amount of woeful economic news that has appeared lately, it would seem that the fabled “green shoots” have been given a dose of weed-killer. Gold is determinedly staying above $940 on the back of the above news and with the dollar crumbling, record highs cannot be far away. Gold is currently $941/£566/€666.Read full article... Read full article...
Tuesday, June 30, 2009
Deflation Hits Gold Despite Central Bank Money Printing / Commodities / Gold & Silver 2009
THE PRICE OF GOLD eased back from a 3-session high of $945 an ounce early in London on Tuesday, dropping back as European stock markets dipped and government bond prices ticked lower worldwide.
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Tuesday, June 30, 2009
The Real Crisis is Beginning to Unfold… and It’s Not Financial Part2 / Commodities / Food Crisis
In my earlier article, I outlined the economic backdrop that will push agriculture and food prices higher in the not so distant future. If you missed that essay, you can review it here.
To rehash, we’ve added roughly three billion people to the earth’s population since the ‘60s. We accommodated this growth by using fertilizers, irrigation, and other systems that have deleterious effects on land overtime. As a consequence, worldwide arable land per person has essentially halved from 0.42 hectares per person in 1961 to 0.23 hectares per person in 2002.
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Monday, June 29, 2009
Government Regulations to Force Agricultural Food Prices Higher / Commodities / Agricultural Commodities
The American Clean Energy and Security Act of 2009 (ACES), a 1,300 page yet to be written law based on clearly and widely acknowledged junk science, has been passed by the U.S. House of Representatives. Few sessions of the U.S. Congress have been able to pass two major pieces of extremely bad and damaging legislation in such a short time. However, even in a law as bad as this one we should be able to find some ways for investors to profit.
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Monday, June 29, 2009
Crude Oil and Natural Gas Trading / Commodities / Crude Oil
It’s a tough time to be an investor.
Earlier this week, Warren Buffett repeated his warning “the economy would be in shambles.”
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Monday, June 29, 2009
Upside Projected for Gold Miners GDX ETF / Commodities / Gold & Silver Stocks
All of the hourly action off of Friday’s recovery high at 40.60 into this morning’s low at 38.85 in the Market Vectors Gold Miners ETF (NYSE: GDX) has the right look of the completion of a minor correction within a larger upside recovery period that projects to 41.00 and possibly 43.25 thereafter. At this juncture, only a decline that breaks 38.00 will begin to compromise my current outlook.
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Monday, June 29, 2009
This Summer May Prove Hot for Gold Prices Despite the Weak Seasonal Tendencies / Commodities / Gold & Silver 2009
I am often asked at this time whether it is a good idea to be in the precious metals market during the summer period known as the Summer Doldrums, in which demand for gold dries up temporarily while farmers in India plant crops and wait for the Monsoon rains. When they harvest in the early September, demand for gold picks up again as they are anxious to convert their profits into gold. After looking at the seasonal effects on gold one might think it prudent to wait through the summer in hopes of entering the market at lower prices.
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Monday, June 29, 2009
Gold Continues to Track the U.S. Dollar / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold bullion rose 0.7% from an early dip to $936 an ounce in London on Monday, lagging a 1.0% rally in European equity markets.
Crude oil recovered to just below $70 per barrel, despite a cut in global oil-demand forecasts at the International Energy Agency.
Monday, June 29, 2009
Gold Continues to be Supported as Green Shoots Evaporate / Commodities / Gold & Silver 2009
Gold
Gold was trading in the mid $930s in Tokyo overnight but buying in Europe this morning took it over the $940 level. With increasing concerns regarding the sustainability of the fabled "green shoots" and whether the recent recovery in equity markets can be sustained, gold will continue to be well supported. Especially as the relative merits of the individual major currencies (EUR, USD, JPY and GBP) look increasingly like an ugly sister competition. Gold is currently trading at $942.2/£570/€671.