Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, September 01, 2008
Commodities Bull Market Over? / Commodities / CRB Index
By: Salman_Khan
Recent days have seen an intense debate on the hot topic of the year — commodity prices. We have seen commodities across the board tumble in the past few months. Pessimists have started writing obituaries for the commodity bull and pronounced an end to the ascent in commodity prices. The scale of the rout can be seen in the Reuters-Jefferies CRB index, a basket of 19 commodities, which has fallen below 400 points to its lowest level since early April, a drop of about 14 percent since a record peak above 473 in early July.Read full article... Read full article...
Monday, September 01, 2008
Australian Gold Production Slumped 13% in the Last Quarter to an 18 Year Low / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged at the open in Asia (from $830/oz to just over $836/oz) but has given up some of the early gains in volatile trade. It remains marginally higher in early trading in London but is under pressure due to continuing dollar strength and the failure of oil to rally significantly despite the threat posed by Hurricane Gustav.Read full article... Read full article...
Monday, September 01, 2008
Hurricane Storms Impact on Crude Oil Price / Commodities / Crude Oil
By: Clif_Droke
Since January we’ve discussed the influence that the 6-year cycle would have over the year 2008. Already we’ve seen many tokens of its impact, primarily in the financial markets. The late banking crisis and subsequent spillover into other areas of the market have been one of the most prominent features of this year.One of the main reasons why financial markets have been so volatile and subject to so many cross currents this year is because the 6-year cycle is bottoming while its double cycles, the Kress 12-year cycle, is peaking. The last time the 12-year cycle bottomed was in late September/early October 2002 and its effects on the stock market are well known. It produced the end to the previous bear market that year and marked the birth of a new bull market.
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Monday, September 01, 2008
Gold Short-term Bounce Masks Longer-term Bearish Indicators / Commodities / Gold & Silver
By: Merv_Burak
The market was somewhat positive during the week but that impression seems to fall apart when one takes a good look at the daily figures. Two days on the down side. Two days where gold closed lower than where it opened. Only one day where gold closed higher from the open AND previous close. Read full article... Read full article...
Monday, September 01, 2008
Business Contracts With Clauses for Payment in Gold / Commodities / Gold & Silver
By: Alex_Wallenwein
A recent US Court of Appeals decision puts Congress' 1977 re-authorization of gold clauses back on the map - just in time to help business owners protect themselves from progressive, terminal dollar-decay
Only a few days before publication of this article, the US Court of Appeals for the Sixth Circuit handed down its opinion in 216Jamica Ave. LLC v. S&R Playhouse Realty Co. , holding that a 1982 amendment and assignment of a 1912 lease constituted a "novation" that effectively revived a gold clause that was part of the original lease agreement.
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Sunday, August 31, 2008
Hurricane Gustav Tracking New Orleans East of Oil and Gas Rigs / Commodities / Crude Oil
By: Mike_Shedlock
Those interested in Hurricane Gustav should tie into the Oil Drum thread Hurricane Gustav, Energy Infrastructure, and Updated Damage Models - Thread #3 .
Recent track shifts have Gustav consistently hitting near New Orleans, east of the majority of oil and gas rigs; though this could still change in either direction, the models have continued to converge.
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Saturday, August 30, 2008
Gold Sale Spurs Manipulation Talk / Commodities / Gold & Silver
By: Mike_Shedlock
MarketWatch is reporting Gold Sale Spurs Manipulation TalkRecent heat from Congress and regulators, along with public speculation, over whether commodity prices are being manipulated has also reached gold pits, where the debate was stirred by a surge in bets last month that gold prices would fall.
"Congress is already investigating allegations of manipulation in the oil market, and it seems likely that it is only a matter of time before a similar investigation will be required in the precious metal markets," said Mark O'Byrne, executive director at Gold and Silver Investment.
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Friday, August 29, 2008
Gold Bull Market Confusion Presents a Golden Opportunity / Commodities / Gold & Silver
By: Andy_Sutton
You know there is something wrong when financial commentators are forced into being weathermen. During the better part of this new century, we have dealt with tightness in oil supplies and dire warnings of woe that would befall us should a hurricane get loose in the Gulf of Mexico . During this same period, we have been bombarded by higher costs across the full spectrum of items that are considered to be staples of living the in United States . Yet officials and media pundits have stubbornly insisted that inflation is ‘contained' or recently that it ‘will cool next year'. Read full article... Read full article...
Friday, August 29, 2008
Total War on Private Wealth: Operation Meltdown Part II / Commodities / Gold & Silver
By: Adrian_Ash
Part I, "...The 'total war' of the 20th century first required a 'total war' on freely held private wealth..."
IT SEEMS AN ODD QUIRK of history that Washington 's post-War obsession with its nationalized gold reserves – an obsession which Ian Fleming neatly tapped into with Goldfinger in 1959 – came so long after what historians call the "classical" Gold Standard ended.
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Friday, August 29, 2008
Gold Bull Market Set to Resume on Strong Fundamentals / Commodities / Gold & Silver
By: Zeal_LLC
As the precious metals summer doldrums come to a close, we need to assess the damage from another season of gold hatred and disdain. Like déjà vu for veteran gold investors, the mainstream financial media took advantage of gold's seasonal weakness to proclaim the death of the Ancient Metal of Kings.
From a technical perspective gold's summer activity indeed gave the naysayers fodder to jump on the “End of the Gold Bull!” and “Gold's Bubble has Burst!” bandwagons. Gold's $190 plunge from mid-July to mid-August saw it knife through a number of key support levels. This caused blood to flow in the streets even for the gold faithful.
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Friday, August 29, 2008
Gold Registers Near 10% Drop for August / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD reversed an earlier 1% drop as the Wall Street opening approached on Friday, touching $838 an ounce as Asian stock markets ended the month 3% lower and government bond prices rose.Up $15 from last Friday, gold prices were heading for their second week-on-week gain. But they remained at an 8% discount to the close of July.
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Friday, August 29, 2008
Gold Flat lines Despite Russian Threats to Cut Europe's Oil and Gas / Commodities / Gold & Silver
By: Mark_OByrne
Gold has flat lined and is marginally higher this morning with the dollar marginally lower and oil marginally higher on continuing concerns about the possible impact of tropical storm Gustav.
Gold has been gradually edging higher for the last two weeks and appears to be ready to rally in the seasonally strong autumn months due to the strong fundamentals. Especially given deepening concerns regarding the global economy, heightened geopolitical risk on increasing tensions in Russia and the continuing supply demand issues in the physical bullion market.
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Friday, August 29, 2008
Commodities Bull Market Sill in Tact / Commodities / Resources Investing
By: Aden_Forecast
The markets have been extremely volatile over the past few weeks. Investors have been spooked and many are wondering what to do, if anything.
For now, based on our analysis, gold's bull market remains in force. That's the bottom line. Even though there have been some wild swings, the major trend is still up and as long as that's the case, we recommend holding your positions.
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Friday, August 29, 2008
No Smoking Gun on Silver Price Supression Conspiracy / Commodities / Gold & Silver
By: Mike_Shedlock
The amount of hate email I have been receiving in response to The Great Gold, Silver Conspiracy Explained is large but not unsurprising. People simply want to blame others for their own trading mistakes. I will have more on that in a separate post. Most of the emails I received are unprintable because of the profanity. However I will print one of them anyway with slight edits. I will voluntarily withhold the name of the person writing although no such request was asked.
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Thursday, August 28, 2008
Gold Rallys Towards Resistance at $846 / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD BULLION rose yet again in London on Thursday, touching $840 an ounce just ahead of the Wall Street open and recovering almost one-third of the 21% plunge witnessed since mid-July." Gold is still capped by the big resistance at $846," reckons Peter Tse at Scotia Mocatta in Hong Kong , speaking earlier to Reuters.
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Thursday, August 28, 2008
UBS Unprecedented Physical Gold Demand / Commodities / Gold & Silver
By: Mark_OByrne
Dollar weakness, firm oil and continuing tension in the Caucasus are leading to gold remaining well bid this morning. Warnings from Nato to Russia to stay out of Ukraine and calls for the European Union to be ready for “hard headed engagement” with Moscow are not doing much to help confidence in already nervous markets.Read full article... Read full article...
Thursday, August 28, 2008
The Great Gold, Silver Price Manipulation Conspiracy Explained / Commodities / Gold & Silver
By: Mike_Shedlock
Gold and silver prices have crashed. Ted Butler, Rob Kirby, James Conrad and others are all blaming manipulation. Let's take a look at those manipulation theories starting with Ted Butler. Lessons of a Lifetime
Here are a few excerpts from Ted Butler's Lessons of a Lifetime .
The drastic sell-off in silver (and gold) is further proof of an ongoing manipulation to the downside.
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Thursday, August 28, 2008
Natural Gas Constructive Bullish Pattern / Commodities / Natural Gas
By: Mike_Paulenoff
Purely from a technical perspective, U.S. Natural Gas Fund (AMEX: UNG) weakness after its pre-open high at 41.00 to 38.91 represents a "gap-filling" expedition"' -- at least, so far. The fact that selling pressure filled the entire up-gap this morning and then buyers re-emerged to push up prices to 39.62, as we speak, warns us that the action is a correction within an underlying advance off of Monday's low at 35.67. As of this moment, the UNG pattern remains constructive within the overriding bullish potential indicated by hurricane Gustav.Read full article... Read full article...
Thursday, August 28, 2008
The Real Silver Price Based on Paper or Silver Bullion? / Commodities / Gold & Silver
By: Peter_Degraaf
Once-upon-a-time, in ‘never-never' land, there were two competing silver prices. These two silver prices were at loggerheads with each other. Every time the ‘real' silver price began to rise, a ‘paper' silver price would show up in large quantities and scare some of the holders of real silver to dump and run.
Silver miners and coin dealers with ‘real silver' in inventory, instead of being organized, and using supply and demand to determine the price of silver, would look at a computer screen, check to see what ‘paper silver' was doing and meekly accept that as the price at which to sell silver.
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Thursday, August 28, 2008
Fannie and Freddie Failure Would be Catastrophic for Global Financial System / Commodities / Credit Crisis 2008
By: Mark_OByrne
Gold finished trading in New York on Friday at $819.30, down $7.60 and silver was down 14 cents to $13.36. Gold and silver traded sideways in Asian trading prior to a sell off in early European trading this morning. Gold is trading at $811.30/811.70 per ounce (1030 GMT).Read full article... Read full article...