Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, April 17, 2009
Calm Before the Economic Storm - Safety in Gold and Silver / Commodities / Gold & Silver 2009
SilverStrategies.com editor Sean Rakhimov expects the economic crisis may go on for a generation even with (or because of) all the government intervention. In this exclusive interview with the Gold Report, he tells us he expects physical gold and silver to lead the parade. When picking stocks to buy now, he says investors have to decide for themselves whether a company will survive the washout; it may be tough going from here to there, but ignoring short-term market fluctuations and sticking with survivors should prove beneficial in the long run.Read full article... Read full article...
Friday, April 17, 2009
More Downside for Gold; Bottom in for Natural Gas UNG ETF / Commodities / Gold & Silver 2009
Just a word about gold, which since 2/16 has lost about 12% in value, while the S&P 500 Depository Receipts (SPY) has gained about 7%. The chart pattern on the daily Spot Gold chart from August 2008 to the present argues for still more weakness that presses prices towards a test and likely break of the early April low of $865.10 on the way to an optimal next target zone of $848-$843 prior to another significant rally effort.
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Friday, April 17, 2009
Stocks and Commodities Markets Secular and Cyclical Trend Indicators / Commodities / Cycles Analysis
As we should all remember, in early 2008, commodities were on fire as they moved up into their parabolic tops. Of late we have seen a rebound and based on the e-mails that I’ve been receiving, the crowd is once again turning bullish. Personally, my analysis tells me that commodities are now entering another very critical juncture and how they handle this test will set the stage for months to come.Read full article... Read full article...
Friday, April 17, 2009
Is the Gold Rush Over? / Commodities / Gold & Silver 2009
Neil Kokemuller writes: Since 2000, gold has been one of the most consistent and high performing investments in the financial investment arena. The shiny natural resource has returned profit at an annual rate of return around 16 per cent during the last eight years. However, after setting a new all-time high at $1,020 per ounce early in 2008, gold has become somewhat stale. This has become especially apparent of late as investors have become more interested in moving back into more risky investments, including stocks.Read full article... Read full article...
Friday, April 17, 2009
Gold and Silver Fall Despite Firm Global Demand / Commodities / Gold & Silver 2009
Gold and silver fell yesterday (1% and nearly 4% respectively) as strength in the dollar and increasing risk appetite, as seen in rising equity indices, saw the precious metals come under pressure.Read full article... Read full article...
Friday, April 17, 2009
Precious Metals vs A One Global Currency / Commodities / Gold & Silver 2009
An article on Reuters recently indicated a United Nations panel has decided much of the world would like to move away from the American currency as the world’s reserve currency. This panel wanted to look into a “basket of currencies” or perhaps another entirely different, new currency to replace the U.S. dollar. Additionally, both the Russians and Chinese have indicated similar concerns.
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Friday, April 17, 2009
Crude Oil and Amex Oil Stocks Index Analysis / Commodities / Crude Oil
Oil continues to remain above $50/barrel, while oil stocks continue to trace out a pattern similar to the S&P 500 Index. Analysis today focuses on West Texas Intermediate Crude Oil and the AMEX Oil Index.Read full article... Read full article...
Thursday, April 16, 2009
Gold and Gold Stocks Should Do Well During Economic Depression / Commodities / Gold & Silver 2009
I. M. Vronsky writes: As you well know the financial press is overly harping the theme of another Great Depression. One can make a logical case that it will happen, as well as it will probably not happen. To be sure the Herculean efforts by the Obama Administration and China et all imply that we are at the very precipice of 1930s like scenario. Frankly, I do not believe another Great Depression will develop, but I do know gold stocks will do well one way or the other. In this regard I hope MARKET ORACLE might consider an old article of mine for publication as it proves gold and in particular gold stocks should do well in a Great Depression.Read full article... Read full article...
Thursday, April 16, 2009
Gold, Silver and Crude Oil Markets Update / Commodities / Gold & Silver 2009
So far this week has been very tame as traders are sit on the side lines, waiting to see which way everything will go. I have posted a few charts so we can keep tabs on where gold, silver and oil are currently trading as we go into the second half of the trading week.
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Thursday, April 16, 2009
Gold Sentiment and its Relative Trend Picture / Commodities / Gold & Silver 2009
While I continue to believe that the next breakout in Gold is still months away, we have seen in just a short while, some very encouraging signs on the sentiment front. Accumulating is certainly a wiser prospect now that the luster of the metals has faded yet only superficially.
Thursday, April 16, 2009
Gold Attempting to Consolidate at Lower Levels / Commodities / Gold & Silver 2009
Gold and silver rose marginally in US trading yesterday and have largely traded sideways in Asian and European trading. Gold appears to be consolidating in the $865/oz to $900/oz region and needs a higher weekly close (above $883/oz) and then a close above $900/oz to look good from a technical perspective. This looks quite possible but there are very determined sellers at the $900/oz level who have so far impeded gold’s advance.Read full article... Read full article...
Wednesday, April 15, 2009
Jim Rogers Favourite Commodities Investments / Commodities / Agricultural Commodities
With Matt BadialiQ: Do you think Jim Rogers is right to be buying agricultural commodities now? – A.M.
Wednesday, April 15, 2009
Crude Oil in Bullish Consolidation / Commodities / Crude Oil
All of the action in the U.S. Oil Fund ETF (NYSE: USO) since the March 26 high has taken the form of a coil that is attached to the Feb-Mar upleg from the 22.74 low. Because the coil has formed within the upper 40% of the major recovery upleg, I consider it a bullish consolidation pattern, which if accurate will mean that it should resolve itself to the upside in a powerful thrust to new recovery highs – above 32.39 (into the 34.00 target zone). At this juncture, only a decline that breaks the integrity of the coil at 28.50 -- and more importantly at 28.32 – will wreck the pattern.Read full article... Read full article...
Tuesday, April 14, 2009
Where Have All the Gold Mines Gone? / Commodities / Gold & Silver Stocks
Near-Term Production - This year’s corporate mantra for a crowd of junior explorers and miners is quite simple: “get us some near term gold production fast” (or some variation thereof). The motive of course is pure: get the share price up. For companies with $2 million to $200 million in the bank the magic bullet to riches is perceived to be the acquisition of that one gold property or company that everyone else has missed. It’s a simple and easy to understand business plan that doesn’t take a genius to grasp – find it and buy it cheap while no one else is looking. I am personally aware of more than a dozen management teams pursuing this model and there are probably another 50 companies that fall into this category. I have also spent countless hours in the same search and come to the conclusion that everyone else hasn’t missed much. This particular path to corporate riches may turn out to be an elusive dream.
Tuesday, April 14, 2009
There's an Amazing Opportunity to Double Your Money in Oil Stocks / Commodities / Oil Companies
Matt Badiali writes: Around this time last year, I was talking oil and gas investing into a big, smelly microphone.A friend had lined up the interview for a local radio show in Abilene, Texas. I'm not sure who was in the hot seat before me, but he must be a big fan of Skoal
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Tuesday, April 14, 2009
Is Copper Poised for a Sustainable Secular Bull Market? / Commodities / Metals & Mining
Over the last 4 months, copper has bounced about 70% from its lows. Yet it is only recently that such a significant price move is beginning to attract attention as pundits try to explain what is going on. With stocks roaring back over the past 5 weeks, the obvious (and wrong) connection is that the global recession is ending. To me, copper's price rise is more technical after a deeply oversold condition, and it appears that the pundits are only crafting a good story to explain its recent price movements.Read full article... Read full article...
Tuesday, April 14, 2009
Gold Follows Stocks Lower as U.S. Dollar Strengthens / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold slipped out of a tight range at the start of New York trade Tuesday morning, holding onto half of yesterday's 1.4% rise as world stock markets reversed early gains and the US Dollar clawed back half of its near-2% loss to the Euro.Read full article... Read full article...
Tuesday, April 14, 2009
Gold and Silver Rise on General Motors Bankruptcy Fears / Commodities / Gold & Silver 2009
Gold and silver rose yesterday as stocks came under pressure with increasing fears regarding General Motors possible bankruptcy. Ostensibly positive news from the financials (Wells Fargo and Goldman Sachs) has lifted markets in recent days but there are concerns that the positive results may have had more to do with government largesse (with tax payers money) and innovative accounting rather than any meaningful return to profitability. The rest of the reporting season is unlikely to be so positive as companies and sectors not bailed out and supported by government are set to struggle which will likely see stocks under pressure again.Read full article... Read full article...
Monday, April 13, 2009
Obama’s Energy Revolution It’s Clean, It’s Green, and its Right Now / Commodities / Metals & Mining
As a general rule, the most successful man in life is the man who has the best information
“Finding the new driver of our economy is going to be critical. There’s no better driver that pervades all aspects of our economy than a new energy economy. … That’s going to be my No. 1 priority when I get into office.” President Obama
Monday, April 13, 2009
Natural Gas UNG ETF Shorts Running on Borrowed Time / Commodities / Natural Gas
The saga continues in the U.S. Natural Gas Fund ETF (NYSE: UNG) as the price structure perpetuates a profile of making marginal new all-time lows but fails to follow-through on the downside and then stages a recovery bounce. The problem is that the recent rally attempts have failed to hurdle any meaningful resistance levels (such as 15.50), which leaves the UNG still stuck within its dominant downtrend despite its loss of downside momentum since late March.