Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, September 23, 2008
Gold Bull Market Trend Forecast / Commodities / Gold & Silver
Leaving aside the historic credit crisis events of last week to approach the Gold market on a purely technical basis following the breakout above $850 last week. This article therefore is an update to my existing series of analysis of the last 6 months which has been consistently bearish of Gold (articles archive) during which time Gold has witnessed a decline from $1033 in March to $740 earlier this month.Read full article... Read full article...
Tuesday, September 23, 2008
Nadeem: Personal Thoughts on Gold and a Gold Standard / Commodities / Gold & Silver
Hi Nadeem,
I commend you for your courage and integrity in publishing that with which you disagree. There are some editors of some web sites who haven't been behaving like you have.
Of course, you may be right that the gold price is positioning to explode upwards and I may be excessively conservative – but here is a chart of the US Dollar reproduced from an article by Clive Maund, for whom I have enormous respect as a technical analyst.
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Tuesday, September 23, 2008
Archer Daniels Midland to Lead Agricultural Commodities Higher? / Commodities / Agricultural Commodities
Archer Daniels Midland Co. (NYSE: ADM) continues to act well -- as a proxy for an extremely oversold and battered agricultural commodity complex. Although the DBA (PowerShares DB Agricultural Commodity ETF) is pulling back today, ADM is doing the opposite. It has hurdled near-term resistance at 24.00/05, and followed through to 24.64 so far this morning. My next upside target is 25.30/50, on the way to 26.00. Only a decline that breaks and sustains beneath 23.90 will begin to compromise today's upside breakout, while a decline that breaks 23.40 will invalidate the breakout altogether.Read full article... Read full article...
Tuesday, September 23, 2008
Peak Oil is Here Now / Commodities / Crude Oil
The late A. M. Samsam Bakhtiari was quoted in MoneyWeek in 2006: “The fact of being in 'Post-Peak' will bring about explosive disruptions that we know little about and which are extremely difficult to foresee. And the shock waves from these explosions rippling throughout the financial and industrial infrastructure could have myriad unintended consequences for which we have no precedent and little experience. Thus, in the face of Peak Oil and its multiple consequences, which are bound to impact upon almost all aspects of our human standards of life, it seems imperative to get prepared to face all the inevitable shock waves resulting from that. Preparation should be carried out on individual, familial, societal, and national levels as soon as possible.”Read full article... Read full article...
Tuesday, September 23, 2008
Gold Price Forecast to March 2009 / Commodities / Gold & Silver
We are the government, we're here to help. I believe the only help the government gave us last week was pushing gold prices higher. During last week's massive bailout and intervention in the credit markets one of the few markets to close higher for the week was gold. This tells you a tremendous amount about how traders are thinking about the future.Read full article... Read full article...
Tuesday, September 23, 2008
A Dangerous and Deceptive Gold Market / Commodities / Gold & Silver
For some months, this analyst has been urging readers to focus more on capital preservation than on capital growth. This is not as simple a concept as it seems.
For example, it is “obvious” – to those who have no faith in the US economy and/or the US Dollar – that gold is one place where the prudent investor should be invested.
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Tuesday, September 23, 2008
US Treasury Inflationary Bail-Out to Include Curb on Inflation-Hedge Investments / Commodities / Gold & Silver
PHYSICAL GOLD BULLION PRICES slipped 2.1% early Tuesday from an overnight high of $910 per ounce, but the London Fix recorded its best level in seven weeks as Western stock markets tumbled yet again.Crude oil retreated to $107 per barrel after the "front-month" contract moved onto November.
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Tuesday, September 23, 2008
Precious Metals Surge on Prospects of $1 Trillion US Budget Deficit / Commodities / Gold & Silver
Gold and silver surged again yesterday (up 5 % and nearly 8 % respectively) as the serious inflationary consequences of the Treasury's unprecedented plan to buy up at least $700 billion of toxic assets was realised. Gold surged from $861.40 to close over $900/oz but has since given up some of its gains, likely on profit taking.Read full article... Read full article...
Monday, September 22, 2008
Crude Oil Explodes Higher to $130 Illustrating Irrational Markets / Commodities / Crude Oil
The financial markets being hit by ever larger and more volatile waves of panic today saw crude oil surge from Fridays close of $102 to a high of $130, this is as a direct consequence of last weeks decision by the US governments decision to initially buy up $700 billion of bad bank debt that looks set to eventually run in the many trillions. The proposed plan is highly inflationary and hence scared capital is attempting to seek safe-havens.Read full article... Read full article...
Monday, September 22, 2008
Mounting Upward Pressure on Gold / Commodities / Gold & Silver
The only thing my work is telling me for certain in the SPDR Gold Shares (NYSE: GLD) is that the upmove off of the 9/11 low at 72.51 needs a new high (above the 9/15 high at 90.78) prior to completion. The only issue for me is whether the GLD will pull back towards 85.50-85.00 prior to the surge above 90.78, or if the price structure is in the thrust right now?Read full article... Read full article...
Monday, September 22, 2008
Ponzi Casino Capitalism Discredited- Risk of Global Monetary Crisis / Commodities / Credit Crisis 2008
Gold and silver surged last week (up 13% and 15% respectively) as the financial crisis deepened considerably and there was a realisation that the " ponzi " casino capitalism of recent years has critically wounded the U.S. financial system and done serious damage to the global financial system. Gold surged from below $780/oz to close at $861.40 on Friday and has risen again in European trading today to over $882/oz.Read full article... Read full article...
Monday, September 22, 2008
Gold Extends Gains as Investors Seek Transparency of the Physical Metal / Commodities / Gold & Silver
GOLD PRICES extended last week's 13% gain early Monday, nearing Wednesday's six-week high of $892 per ounce as the US Dollar tumbled on the foreign exchanges and world stock markets retreated from Friday's "big bail out" surge.
Pointing to the US Treasury's plans for a $700 billion "resolution trust" for toxic mortgage-backed securities, "the US Dollar's response last week was further depreciation," notes Walter de Wet at Standard Bank.
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Sunday, September 21, 2008
Silver Is the ONLY Asset that Is NOT Someone Else's Liability / Commodities / Gold & Silver
Before sending me an e-mail telling me I am wrong, let me admit it!! I am WRONG -- silver is not the only asset that is not someone else's liability. But some of the staunchest "Gold Bugs" have it wrong and insist that gold is the only asset. In fact, fully-owned lumber or land or even an apple orchard are assets, and again, if owned outright would be an asset without a liability.Read full article... Read full article...
Sunday, September 21, 2008
Silver Significantly Weaker Trend Pattern than Gold / Commodities / Gold & Silver
Although silver investors may be understandably disappointed at its rather muted rally last week compared to that in gold, we should keep in mind that silver makes its best gains towards the end of gold uptrends, not at the start of them, which is where we are now. In the last update a snapback rally was predicted for silver on account of its severely oversold condition and proximity of strong underlying support and this is what we are now seeing.Read full article... Read full article...
Sunday, September 21, 2008
Gold Price Spike Breakout or Temporary? / Commodities / Gold & Silver
Although gold staged an amazingly powerful rally last Wednesday and Thursday, some are worried that the reaction on Friday, seemingly in response to the newly hatched "bailout plan" by the government and the Fed, marks the start of a slump back into obscurity as the bailout plan "works", so that last week's sharp rally turns out to have been nothing but a temporary spike. So let's make several things clear.Read full article... Read full article...
Sunday, September 21, 2008
Gold Benefits from US Fed Surging Bank Credit Growth / Commodities / Gold & Silver
U.S. Secretary of the Treasury & Free Lunches has done Gold investors an incredible favor. While not benefiting immediately as did those owning bank stocks, we will over time. With U.S. government now assuming responsibility for financial assets of dubious value, U.S. government has committed itself to nearly unlimited funding of U.S. housing market, and every other industry with political clout. One consequence may be that Federal Reserve loses control of monetary policy. Will the Federal Reserve now need to monetize U.S. government debt in unlimited fashion?Read full article... Read full article...
Sunday, September 21, 2008
Gold Explodes Higher as US Treasury Builds Toxic Bond Portfolio / Commodities / Gold & Silver
“We shouldn't be surprised to see gold near $900 and silver near $15 in the short term, though this won't necessarily mean a bottom is in place. ~ Precious Points: Topping the Copper Top, August 30, 2008
“Just how much money is there? The answer, of course, is virtually infinite. In the short term, precious metals will continue to trade along with many commodities opposite the dollar, which may be bullish because many commodities appear ready for a relief rally as the dollar prepares to consolidate.” ~ Precious Points: Full Faith and Credit, September 6, 2008
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Sunday, September 21, 2008
Gold- What the Heck is Going ON? / Commodities / Gold & Silver
Boy! What a week. Nobody seems to have a handle on what the heck is really going on. After a sharp day and a half of upside moves gold seems to have stabilized but with an upward bias. To try and guess what's to come would be foolish in this market so let's just see where we are and not worry to much about which way gold will go. It will get there, wherever there is.Read full article... Read full article...
Saturday, September 20, 2008
The Bailout Plan- What it means for Gold and Treasury Bonds / Commodities / Credit Crisis 2008
Many investors in the Precious Metals sector are worried that the "bailout plan" announced yesterday will resolve the crisis with the effect that things will return to normal and gold and silver will as a result go into retreat once more. Nothing could be further than the truth. There are several important observations to make regarding the "bailout plan". The first is that it is obviously born out of desperation.Read full article... Read full article...
Saturday, September 20, 2008
Junior Gold and Silver Miners Downward Spiral Ending? / Commodities / Gold & Silver Stocks
As a veteran gold analyst, co-founder/chairman of Franco Nevada Mining Corp., acting chairman of the World Gold Council, and former president of Newmont Mining Corp., Pierre Lassonde knows this sector inside and out. He understands the plight of the juniors and the many influences on gold's behavior. In this exclusive interview with The Gold Report , he predicts limited downside given the accelerating demand for natural resources and shares his favorite companies.The Gold Report: The downward spiral in the markets just doesn't stop. Junior mining stocks have been decimated, and the gold price went lower than any one predicted, although it seems to be recovering a bit. Do you see this as a repeat of the situation we had in the '70s, and what do you see as the outlook for oil and gold?
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