Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, May 13, 2009
Natural Gas New Big Trend - Fundamental and Technical Report / Commodities / Natural Gas
Michal Matovcik writes: Ai note: earlier in the day we posted technical setup of natural gas and pointed out that this asset is technically extreme oversold and created rounded buttom. For more, in the last few day we saw the first bullish breakout through resistance. I think that now is the time to look also at fundamentals behind this commodity.
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Wednesday, May 13, 2009
Crude Oil Back at $60 / Commodities / Crude Oil
In the midst of rising global stock markets, and a falling dollar, oil prices have surged to sit near $60 per barrel, with a close Tuesday (May 12) at $59.59. The dollar has fallen to its lowest mark in nearly four months thanks to the rising global picture and continued concerns about the United State fiscal economy.
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Wednesday, May 13, 2009
Gold Retreats as U.S. Dollar Strengthens Despite Debt Crisis / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL GOLD rose to its best level since April 1st in London trade on Wednesday, gaining 0.5% to $928 an ounce before slipping back on a bounce in the Dollar.
The Euro also retreated, down from a new 8-week high above $1.3720, while the British Pound sank 2¢ on a sharp cut in the Bank of England's forecast for the UK economy.
Wednesday, May 13, 2009
Six Ways for Investors to Profit From Canada's Oil Sector / Commodities / Oil Companies
Martin Hutchinson writes: With oil finally trading back above the $50-a-barrel level, it’s time to recognize that crude prices are probably not going to remain low for very long, and may end up fluctuating in the $50-$80 range - regardless of what happens to the prices of other commodities.
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Wednesday, May 13, 2009
Gold and Silver Rally on Back of Increased Risk Aversion / Commodities / Gold & Silver 2009
Gold and silver rose again yesterday (1.2% and 2.3% respectively) as the dollar continues to come under pressure.Read full article... Read full article...
Wednesday, May 13, 2009
The Challenge of Diminishing Natural Resources / Commodities / Resources Investing
Once upon a time, Byron King shunned writing letters to the editor. He was afraid that one might actually appear in print. That sounds like the stuff of fairy tales when you’re talking about someone with as prolific a pen (or keyboard) as Byron. A one-time field historian on the staff of the U.S. Chief of Naval Operations, he has a gift for putting current events into an historical context. Byron King’s credits include writing for Agora Financial’s Daily Reckoning and its Energy and Scarcity Investor newsletter (editor) as well as Whiskey and Gunpowder (contributing editor for this “independent investor’s daily guide to gold, commodities, profits and freedom”).
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Tuesday, May 12, 2009
All Eyes are on the HUI Gold Bugs Index / Commodities / Gold & Silver Stocks
The HUI index is poised to break out above 350. The importance of this breakout is evident in the following chart.
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Tuesday, May 12, 2009
Warning Sell Signal for Natural Gas ETF / Commodities / Natural Gas
Time to take another peak at the U.S. Natural Gas Fund ETF (NYSE: UNG), which is up nearly 40% in the past several sessions (see, every dog has its day!)....
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Tuesday, May 12, 2009
Gold Touches New Rally High as U.S. Dollar Falls / Commodities / Gold & Silver 2009
THE GOLD PRICE rose sharply for US investors in London on Tuesday morning, touching $922.50 an ounce as world stock markets held flat and the Dollar fell hard on the currency markets.
The Euro hit its best level in 8 weeks near $1.37, while US crude oil broke fresh 6-month highs above $59 per barrel.
Tuesday, May 12, 2009
Recovering U.S. Dollar Sends Gold and Silver Lower / Commodities / Gold & Silver 2009
Gold and silver took a breather from their gains of last week and consolidated yesterday with marginal losses for both metals. The dollar recovered somewhat from its sharp falls of last week as did long term US interest rates (10-Year: 3.180% -0.113) but US stock markets came under pressure.
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Monday, May 11, 2009
Natural Gas Panic Selling or Mania Driven Shorting Selling? / Commodities / Natural Gas
Many are wondering what the heck is going on in the natural gas (NG) market, because if it’s suppose to be such an essential commodity, why does the price keep crashing, especially with stability found in the larger equity complex? To answer this question properly, we must first set the stage with the appropriate background understandings, where because of the extremes in pricing we are seeing here, previous efforts in this regard now appear insufficient. In the first place, in order to fully understand what is occurring here, one must realize that the NG market is now showing all the signs of an extreme manic blow-off, only instead of an upside exhaustion, we are witnessing a ‘selling panic’. In this regard then, the important thing to realize is extremes in speculation and emotion are now in control of this market, not the fundamentals, making it the ‘mania de jour’.
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Monday, May 11, 2009
Government Wealth Destroying Policies to Drive Gold Much Higher / Commodities / Gold & Silver 2009
Will the wealth destroying policies of the Obama Regime make the People's Bank of China full-fledged Gold Bugs? Chinese officials announce their purchases of Gold, and continue to raise concerns about U.S. economic policy and the associated implications for the value of the U.S. dollar. One might think they have indeed become Gold Bugs. If that be the case, no real surprise should be registered. A casual observation of government economic policies around the world, and in particular in the U.S., since the invention of the central banking and fiat money would convert any rational individual into a Gold Bug. Given the wealth destroying policies of the Obama Regime, a large number of people might wake up to be Gold Bugs.
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Monday, May 11, 2009
Gold Miners GDX ETF Bullish Consolidation? / Commodities / Gold & Silver Stocks
The last three sessions in the Market Vectors Gold Miners ETF (NYSE: GDX) represent a high level bullish congestion area between 37.80 and 36.60 atop the most recent upleg that started at the 4/17 low of 30.80. If indeed, the past 3 sessions is a bullish consolidation, then the GDX should thrust to the upside to test multi-month highs clustered in the 38.70-39.00 area, and which if hurdled, should trigger a very powerful upside follow-through that projects to 42.50, then 45.00. Conversely, if the GDX breaks and sustains beneath 36.50, then more than likely the price structure will loop down to 35.00-34.50 prior to making another run on the upside. I have tightened my stop on our model portfolio position to 36.40 to reflect my current outlook. MJP 5/11/09 11:30 AM ET (37.10)Read full article... Read full article...
Monday, May 11, 2009
A Kamloops BC Copper/Gold Junior Giant / Commodities / Gold & Silver Stocks
Abacus Mining AME.tsx-v (amemining.com) signed a deal with Teck Cominco (TC) in 2002 to earn into a group of claims around the old Afton mine site ten kilometers southwest of city center Kamloops, British Columbia. TC had been mining the Afton pit, as well as other pits (Ajax) to run its 10,000 tonne per day (tpd) copper/gold operation until mining was suspended in 1997 because of low copper prices.
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Monday, May 11, 2009
Gold Firm Going into Seasonally Weak Period / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked 0.7% lower early Monday, recording an AM Gold Fix in London at $912.50 per ounce as equities fell, government bonds rallied, and the US Dollar bounced one-cent from a seven-week low to the Euro.
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Monday, May 11, 2009
Gold Rises as U.S. Dollar Falls Sharply / Commodities / Gold & Silver 2009
Gold and silver prices rose last week (gold was up 3.1% and silver rose sharply by 11.6%) as the US dollar fell sharply and broke down technically and US bonds continue to sell off aggressively.Read full article... Read full article...
Monday, May 11, 2009
Crude Oil, Gold and Silver ETF Trading Breakout Signals / Commodities / Exchange Traded Funds
Gold, Silver and Oil breaks out to new multi week highs and shows signs of more strength to come. The charts below show both weekly and daily trading analysis pointing to higher prices for these commodities.
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Saturday, May 09, 2009
Gold's Weak Rally Lags Silver Real Strength / Commodities / Gold & Silver 2009
Gold seems to want to move but is having a rough time of it. The strength behind the recent advance seems to be somewhat pathetic. Let’s go to the charts and indicators.
GOLD : LONG TERM
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Friday, May 08, 2009
Favour Gold and Silver Mining Stocks That Perform Extensive and Aggressive Drilling / Commodities / Gold & Silver Stocks
Whether it's precious or base metals in the ground, Rosseau Asset Management founder Warren Irwin likes to see extensive, aggressive drill programs in promising deposits. In this exclusive interview with The Gold Report, he says that investments in such companies have paid off in the past and are likely to do so in the future. Gold or silver, copper or nickel, even if commodity prices fall, he argues that the miners with the higher-grade deposits and busy drills have—and offer—the best price protection.
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Friday, May 08, 2009
Gold Means Security, Liquidity & Diversification / Commodities / Gold & Silver 2009
"I know the Government are intent on decimating the country's gold reserves...to replace them with a whole series of overseas currencies. [Yet] they are not only selling gold but devaluing our remaining gold supplies by announcing their intention to sell in advance, which leads to a lower price on sale..." Nick Gibb MP, debating the UK Finance Bill, 13 May 1999
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