Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, May 29, 2009
Five Reasons To Be Bullish On Gold / Commodities / Gold & Silver 2009
Before getting to our analysis, let me first state that I hate snappy titles like the one I have used for this article. You know, "4 Reasons To Be Bullish On Blah, Blah, Blah....". They feel self-promotional and somewhat amateurish to me, and this makes me nervous. I always prefer to be business like in my approach and let the objectivity of my tools (i.e., indicators) do the talking.
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Friday, May 29, 2009
U.S. Gold Reserves , Going or Completely Gone? / Commodities / Gold & Silver 2009
This past Tuesday evening I found myself reading a snippet from Enrico Orlandini’s, DTAnalysis [DT stands for “Dow Theory”] - where Mr. Orlandini opined,
"I believe the [U.S.] trade gap will surprise people and continue to shrink and may even turn positive for the first time in decades. Unfortunately, this will only facilitate the flow out of the US dollar and bond and that’s not a good thing.”
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Friday, May 29, 2009
Gold Follows Equity Markets Higher / Commodities / Gold & Silver 2009
THE SPOT PRICE of wholesale gold jumped for the second day running on Friday – but only in Dollars – reaching its best London Gold Fix since Feb. 26th at $972 an ounce.
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Friday, May 29, 2009
Four Easy Ways to Trade Gold With ETFs / Commodities / Gold & Silver 2009
Ron Rowland writes: Have you noticed? Gold is starting another run on the $1,000 mark. From April 17 through May 26, gold bullion jumped from $ 867.90 to $953.90 an ounce — a 10 percent gain in less than six weeks. Right now gold may be a little ahead of itself. But I suspect it will be challenging the all-time high of $1,032.70 hit on March 17, 2008, in the near future.
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Friday, May 29, 2009
Silver Long Term Trend / Commodities / Gold & Silver 2009
Forgive the generic title, and boring at that, but hopefully the readership of this and other missives penned by this writer will bring this important topic to light. Although I could go on and on about the long-term price forecast for silver, that is not what this week’s article is about.
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Thursday, May 28, 2009
The Myth of Government Gold Confiscation / Commodities / Gold & Silver 2009
Recently I have seen a few articles speculating whether President Obama would decree the confiscation of private gold holdings from US citizens. This is seen as a counter against the perceived inflation surge that many believe will wash over America and the world in years to come as a result of the huge debt load that the credit crunch has instigated. In fact, I have even seen speculations about mining companies being nationalized - even silver mining companies!
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Thursday, May 28, 2009
Silver Rally Running out of Steam Time to Lock in Profits / Commodities / Gold & Silver 2009
The technical outlook on the silver market does not look all that strong when looking from a distance. I like to keep eye on the longer term trend lines for possible support and resistance levels which are easily missed if you only follow the daily charts.
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Thursday, May 28, 2009
Crude Oil and the US Dollar Elliott Wave Analysis / Commodities / Elliott Wave Theory
The USD is in wave b down, currently in wave 5 of (C). We should see further downside before a strong rally in wave c up. Crude is in wave b up, currently in wave 5 of (C). Crude is an excellent example of a bear market correction, since we would want to see at least 3 waves (an abc) complete from the peak. If you are not familiar with Elliott Wave, you can examine the completed decline on any chart that has had a parabolic advance in a so called bubble. The decline completes as 3 waves, with wave b up, as the bear market rally. This rally also coincides with the other markets.
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Thursday, May 28, 2009
Crude Oil and AMEX Oil Index Analysis and Forecast Trends / Commodities / Crude Oil
The daily chart of oil is shown below, with upper Bollinger bands riding the index, while the lower 21 MA BB is just starting to rise after a shallow decline. Based upon positioning of the lower 21 MA BB, there could be another 1-2 weeks of topping in the price of oil before a short-term top is put in place. Full stochastics 1, 2 and 3 are shown below in order of descent, with the %K above the %D in all three instances. Stochastics 1 and 2 appear to be topping out in an oversold state, with the potential to grind sideways for another 2-3 weeks. I should note though that a sudden reversal in the USD once it bottoms will end the run up in oil…not in yet but expect it to happen within the next month.
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Thursday, May 28, 2009
Gold and HUI Gold Stocks Hit Resistance, Risk of Pullback / Commodities / Gold & Silver 2009
Gold stocks have been performing well but I cannot help but notice that the gold sector has reached a major resistance levels on the monthly chart. As much as I would like gold stocks to continue higher we must be ready for a pullback.
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Thursday, May 28, 2009
COMEX Gold Price Manipulation Stress Near Breaking Point / Commodities / Gold & Silver 2009
Major dislocations are coming. Tremendous disruptions are coming. Price discontinuities are coming. Price chart patterns might be rendered useless soon. Last week, the case for a grand Paradigm Shift was made, covering many elements in order to paint a mosaic. Taken in isolation, any one point is important in its own right, but not enough to convince of a structural change. Taken in entirety, the many points create a full picture that is more easily recognized. The ruinous events of the Wall Street banks last September and October surely served as an extreme event loaded with profound disruption.
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Wednesday, May 27, 2009
Gold Is... All things to All Men / Commodities / Gold & Silver 2009
"I am made all things to all men, that I might by all means save some..." - 1 Corinthians, 9:22
FOR AN INERT LUMP, sitting there at No.79 in the periodic table, gold sure is a busy metal these days.
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Wednesday, May 27, 2009
Gold and Silver Buying Opportunity of a Lifetime! / Commodities / Gold & Silver 2009
Beware: Gold is setting itself up for "the buy of a lifetime." Only the resource we're about to share with you will help you prepare for it.
Do you invest in precious metals? Should you?
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Wednesday, May 27, 2009
Silver SLV ETF Poised to Accelerate Higher / Commodities / Gold & Silver 2009
Some of our subscribers have asked why we prefer the iShares Silver Trust ETF (NYSE: SLV) rather than the SPDR Gold Shares (NYSE: GLD). For the most part, the SLV exhibits an intermediate-term pattern that I perceive to be much more combustible than the GLD, largely because of the scarcity of overhead significant resistance until prices reach the vicinity of 16.00 (whereas the GLD has serious resistance between 95 and 98). In addition, if in fact the global stimulus money has worked its way into the hands of consumers and manufacturers, then the industrial uses of silver worldwide should create increasing demand for the metal, which compliments its somewhat precious metal status.
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Wednesday, May 27, 2009
Is the Dark Cloud Over Solar Energy Investing Beginning to Break? / Commodities / Renewable Energy
By Jason Simpkins writes: By sucking the air out of energy prices and sapping private investment, the financial crisis submarined solar energy last fall. But a silver lining has emerged around the dark cloud that has blanketed the sector for so long.
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Wednesday, May 27, 2009
What Moves Up 3 Times Faster Than Gold? / Commodities / Gold & Silver 2009
The dollar is out. The U.S. dollar index has fallen 5% last week. Treasury bonds are quickly falling out of favor. The yield on 10-year Treasury bonds has climbed from 2.5% to almost 3.5% since March signaling inflation fears and an unwillingness to fund ballooning government borrowing.
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Wednesday, May 27, 2009
Gold Lesson of 4,500 Years of Irresponsible Government / Commodities / Gold & Silver 2009
Richard Daughty writes: I always get a real kick out of hearing that “the consumer is 70 percent of the economy,” mostly because it gives me a chance to heap ridicule and scorn on whoever said it, and I say that the consumer is 100 percent of the economy!
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Wednesday, May 27, 2009
Gold Slips as Stock Markets Add to Wall Street Strength / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked lower in Asia on Wednesday, holding below $950 an ounce in early London trade as world stock markets added to Wall Street's strong overnight close.
"Gold [on Tuesday] had all the makings of a beautiful technical reversal," writes Russell Browne at London market-maker Scotia Mocatta, "but the late bounce keeps the risk to the topside."
Wednesday, May 27, 2009
Beware of Gold Exchange Trade Funds (ETFs) / Commodities / Exchange Traded Funds
Gold Bullion Unique as No Counter Party RiskGold is unique among asset classes as it is the only asset class not dependent on the performance of auditors, management, corporations, financial institutions, banks, politicians and governments. Nor should physical gold be dependent on the performance of trustees, custodians and or sub custodians.
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Wednesday, May 27, 2009
Russia Expands Role in U.S. Energy Sector with Uranium Deal / Commodities / Uranium
Jason Simpkins writes: Russia (Tuesday) will begin selling enriched uranium directly to U.S. utilities, a development that will give the fuel supplier an expanded role in the U.S. energy sector for decades to come.
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