Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, January 27, 2009
Global Money Supply and the Value of Gold / Commodities / Money Supply
By: Mike_Hewitt
Mike Hewitt and Krassimir Petrov writes: Introduction - In this essay we attempt to estimate global money supply and relate it to global supply of gold. For the global money supply, we use money supply figures for currency in circulation from 86 selected currencies, from 81 independent countries and five monetary unions. For the global supply of gold, we use data from the World Gold Council (WGC). Finally, we attempt to interpret the price of gold as a relationship between global money supply and global gold supply. Read full article... Read full article...
Monday, January 26, 2009
One of Two Scenarios for Gold and Stocks is Developing / Commodities / Gold & Silver 2009
By: Kurt_Kasun
It appears that one of two scenarios is developing. Scenario A, "the meltdown scenario" means that we are in the thick of things now. This would actually be preferable to Scenario B, "the reflation scenario", which would result in an even greater meltdown after a significant "tradable bounce". Rarely does one day of trading reveal much, but Friday's trading was spectacular.Read full article... Read full article...
Monday, January 26, 2009
Reuters Gold Forecast Poll 2009: Gold Expected to Outperform Other Asset Classes / Commodities / Gold & Silver 2009
By: Mark_OByrne
Reuters Precious Metals Poll 2009Reuters has released their Reuters Precious Metals Poll 2009 in which Gold and Silver Investments Limited has taken part. The survey of 56 precious metals analysts, traders and banks was carried out over the last three weeks. The Reuters poll finds that “gold prices are expected to hold firm this year as investors, looking for safety away from the mayhem in financial markets, pile into the precious metal used as a store of value.” The poll found however that “industrial precious metals prices will behave differently this year, reliant as they are on real economy demand.”
Read full article... Read full article...
Monday, January 26, 2009
Where is Crude Oil and USO ETF Going Next? / Commodities / Crude Oil
By: Kingsley_Anderson
Ever since the bubble burst in Oil last Summer, OPEC has been feverishly cutting production levels. At this point, OPEC has a goal of cutting 2.2 million barrel a day for this month. However, while the downtrend in prices has slowed, why has the price not rebounded, as some might expect? Part of the reason is that the economic forecast for 2009 is still grim. The reasoning is that if the world continues to be stuck in a recession for a greater remainder of 2009, the desire or need for crude oil will decrease. Businesses will use less resources and consumers will spend less. Read full article... Read full article...
Monday, January 26, 2009
Gold New All Time Highs on Frantic Save-haven Demand / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD remained volatile in London on Monday morning, reaching new all-time highs for UK and Euro investors but retreating from new 15-week highs against the US Dollar.
Trading at $900 per ounce, Spot Gold began the week almost 9% above last Monday's New York opening after breaking out of its 10-month downtrend vs. the US Dollar late on Friday.
Read full article... Read full article...
Monday, January 26, 2009
Gold Consolidates Strong Gains Above $900 / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold has consolidated on the strong gains seen last week of 6.43% rise in the week (silver +6.6%). Gold fell initially in Asia to $890/oz before rising sharply in early trading in Europe to over $907/oz. Much of the technical damage done in recent weeks has been overcome and gold is again looking bullish from a technical and fundamental viewpoint. But gold needs a daily or better a weekly close above the recent October high of $925/oz if it is to again surpass last year’s record high of over $1,000/oz.Read full article... Read full article...
Monday, January 26, 2009
Silver Breakout Targeting $14 Resistance / Commodities / Gold & Silver 2009
By: Clive_Maund
Silver`s break higher on Friday was an important positive technical development that has cleared the way for a rapid advance towards the resistance in the $14 area. This move negated the potential small Head-and-Shoulders top pattern that appeared to be forming and makes clear that the trading range that had developed following the breakout from the severe downtrend early in December was a zone of consolidation. Read full article... Read full article...
Monday, January 26, 2009
Gold Positioning Breakout to New Highs on Weakening U.S. Dollar / Commodities / Gold & Silver 2009
By: Clive_Maund
Gold is now in position to break out to new dollar highs and embark on a very powerful run. It is not its action on Friday which gives rise to this positive view, although that was certainly impressive enough, but the extremely bearish action in the dollar last week, which suggests that it is on the verge of a breakdown and savage decline. Read full article... Read full article...
Sunday, January 25, 2009
Crude Oil Buy Signal Developing / Commodities / Crude Oil
By: Chris_Vermeulen
Crude Oil, The Picture Perfect Chart - Crude Oil is something that I think has huge potential because of its prolonged down trend without any real bounces and also because there is so much interest from traders and investors around the world who want to catch its bounce. The weekly chart is starting to look amazing and the daily chart looks ready to pop.Read full article... Read full article...
Saturday, January 24, 2009
Gold Trending Higher, Gold Stocks Soaring Through the Roof / Commodities / Gold & Silver 2009
By: Merv_Burak
Since making its low last October gold has been making higher highs and higher lows. Friday took gold into new high territory since that October low point. It still has some hurdles to go through but let's see where this takes us.
GOLD : LONG TERM - First, there is that very long term chart shown last week. With this past week's action the price of gold is getting closer and closer to the point when this chart will turn back into the very long term bullish camp, but not quite yet. The gold price would have to close this coming week at or above the $928 level before the moving average will turn to the up side. Should that occur, the price would have to keep climbing for the following 5 weeks and make it into new high territory to keep that bullish rating intact? Otherwise we could have a few weeks when this rating could be in for some whip-saws.
Read full article... Read full article...
Saturday, January 24, 2009
How Low Can Crude Oil Go? / Commodities / Crude Oil
By: Money_and_Markets
Sean Brodrick writes: Just a year ago, many people, including me, were bracing for much higher oil prices, and making some good money on energy trades, too. Now, we are seven months into the steepest decline the oil market has ever seen!
Are we near a bottom?
Read full article... Read full article...
Saturday, January 24, 2009
Gold Upside Breakout Trading and Analysis / Commodities / Gold & Silver 2009
By: INO
I think that the gold market is getting wound up. If I’m right, we’re going to see an explosion in gold to the upside.Here’s the reasoning behind my optimism for this market: Right now we’re seeing gold in an accumulation phase. A move over the $875 level in the spot market will signal the first step to propelling gold in an accelerated upward trajectory.
Read full article... Read full article...
Friday, January 23, 2009
Gold Price Trend Volatility 2009 / Commodities / Gold & Silver 2009
By: Julian_DW_Phillips
Already into 2009 we are experiencing trend -threatening moves in various markets. Should we believe that the markets are directionless? Can we rely on the charts to give us direction? What of the fundamentals of markets are they reliable guides? Most important of all, are investors capable of responding to the directions given by fundamental and technical indicators? Are these ridiculous questions? They would have been a couple of years ago, but now need to be considered carefully. Read full article... Read full article...
Friday, January 23, 2009
Gold Miners GDX ETF Reaches New Recovery Highs / Commodities / Gold & Silver Stocks
By: Mike_Paulenoff
The Market Vectors Gold Miners ETF (AMEX: GDX) is taking its lead from the gold market this morning, rather than the equity market, which has propelled the gold mining index to a new recovery high. More importantly, however, is that the price structure is attempting to hurdle a resistance plateau that represents the neckline of a base-like pattern that has developed during January. Read full article... Read full article...
Friday, January 23, 2009
Should You Invest in Silver Now? Rich Dad Thinks So! / Commodities / Gold & Silver 2009
By: David_Morgan
What most investors hear time and time again is that "timing is everything." This is an important factor for any investor and especially those who aspire to become truly financially independent. And, no one knows how to time the market like Robert Kiyosaki – author of Rich Dad, Poor Dad. Read full article... Read full article...
Friday, January 23, 2009
Gold Jumps to New Euro & Sterling Highs due to Government Debt Risk Issues / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD BULLION leapt to a 3-week high at the London opening on Friday, while world stock markets fell for the 11th time in sixteen sessions this month.
The US Dollar also continued to gain, reaching a 6-week high vs. the Euro and fresh 23-year highs vs. the Pound.
Read full article... Read full article...
Friday, January 23, 2009
Gold Price Relative Performance v. Currencies / Commodities / Gold & Silver 2009
By: Guy_Lerner
The last time I looked at gold was on January 2, 2009 . Gold had closed above its "simple 10 month moving average and above a down sloping trend line formed by two prior pivot high points." I went on to state: "Typically and on a purely price action basis, I would consider this bullish. However, for gold, these technical milestones have failed to produce any meaningful edge especially when we apply other filters of the price action (such as the "next big thing" indicator). In other words, I don't believe that this represents the beginnings of a new secular up trend in gold."
Read full article... Read full article...
Friday, January 23, 2009
Silver and the Chinese Production / Commodities / Gold & Silver 2009
By: David_Morgan
Bloomberg put out some interesting news regarding the silver market stating that refined silver output in China has peaked and it could stop growing because less will be produced as a result of halting of mine expansions, higher costs for production and lower prices received for the metal itself.
Zhou Juqiu, chairman of the gold and silver division at the China Non-ferrous
Read full article... Read full article...
Thursday, January 22, 2009
Gold Price Forecast 2009 / Commodities / Gold & Silver 2009
By: Nadeem_Walayat
My existing forecast for the Gold price trend during 2009 as of October 2008 has been for a volatile sideways trading range of between $930 and $700, subsequent price action has so far been in line with this. Therefore this analysis seeks to update the Gold Price expectations for 2009 in the light of "Quantative Easing" aka "Money Printing" as many gold investors are taking their cue from the recovery in gold stocks for much brighter prospects for gold to target a breakout to new highs during 2009. Read full article... Read full article...
Thursday, January 22, 2009
Gold GLD in Bullish Consolidation / Commodities / Gold & Silver 2009
By: Mike_Paulenoff
Gold continues to act extremely well, despite a still-strong performance of the dollar and general commodity weakness. Why? I am not sure, but there is certainly no shortage of fear about markets, economic growth, beleaguered banking systems, and growing budget deficits to elicit a newfound attraction to gold.Read full article... Read full article...