Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, February 28, 2008
Silver Now Outperforming Gold / Commodities / Gold & Silver
By: Roland_Watson
As readers may know, silver has put in a sterling performance this week and has outperformed gold into the bargain. The prediction that silver will eventually outperform gold as the precious metal bull market reaches a new zenith point is being fulfilled before our very eyes.
In my last article, I pointed out that the net short commercials may well begin to feel the heat and begin their third capitulation of this 5 year old silver bull market. Indeed, if they haven't began to cover at cents below $20 an ounce, the sense of urgency brought on by mounting financial losses must be as loud as a roaring silver bull bellowing right into their ear holes.
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Thursday, February 28, 2008
Gold Strong on Dollar Weakness Leading to Stagflationary Environment / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $12.50 to $958.70 per ounce in trading in New York yesterday and silver surged another 54 cents to $19.20 per ounce. In Asian and early European trading, gold and silver remain well bid and have consolidated near these new respective record and 27 year high levels.Gold strengthened in British pounds and fell slightly in euros. The London AM Fix at 1030 GMT this morning was at $957.00, £483.09 and €634.07.
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Wednesday, February 27, 2008
Did Your Analyst Keep You Invested In Gold? / Commodities / Gold & Silver
By: Peter_Degraaf
When prices rise exponentially, as they are doing now, the temptation is to take profits and wait for a pull-back. Especially when the analyst you happen to follow, tells you that gold and silver are ‘overbought'.
In November of 2007, while gold was trading at 804.00, I wrote an article titled: “Gold and Silver, prepare to back up the truck”. (Available in the archived section). At the time a lot of analysts were quoted as saying that gold was ‘overbought'.
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Wednesday, February 27, 2008
Water The Ultimate Liquid Asset / Commodities / Water Sector
By: Money_and_Markets
Sean Brodrick writes: Two centuries ago, people in New England were harvesting a resource for practically nothing and selling it at a fat profit in such distant locales as Calcutta, Martinique and Havana.
As the wheel of history turns around, it may be time to start harvesting and selling that resource again.
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Wednesday, February 27, 2008
Food Inflation Set to Rise Further and How Best to Invest in Agriculture / Commodities / Agricultural Commodities
By: Michael_Pento
There was a clear consensus emanating from the annual U.S.D.A. Agricultural Outlook Forum, which I attended in Arlington, Virginia last week: most in attendance believed that food prices will continue their assent of last year (4%) and perhaps rise by another 3.8%-4% in 2008. U.S. food price inflation will be the result of increasing cost pressures from higher agricultural input prices. These prices, in turn, are the result of strong global demand, continued weakness in the U.S. dollar, the push for renewable energy, low stock-to-use-ratios and global weather that has not been conducive to crop growth in certain regions.Read full article... Read full article...
Wednesday, February 27, 2008
Demand Building for Gold and Silver as Currency of Legal Tender for Merchant Services / Commodities / Gold & Silver
By: Alex_Wallenwein
" Gold & Silver Accepted Here"- The fact that euros are accepted by many stores in New York City has made the news lately and is well known in gold investor circles. It is yet another symptom of the ongoing demise of the US dollar. The good news for these New York City merchants - and for all others nationwide - is that gold and silver will not be far behind and offer far better advantages as dollar-alternatives.
You may think that honest-to-goodness currency demand for gold and silver is non-existent in the US and that this will remain so until the legal tender laws are repealed (as currently proposed by Representative Ron Paul's dual HR 42756 and HR 4683 approach) - but that is not necessarily true. Such demand will soon begin to build, regardless of Ron Paul's efforts in Congress - and it will take off very fast.
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Wednesday, February 27, 2008
Gold and Silver Surge Higher on Bad US Economic Data / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $8.70 to $946.10 per ounce in trading in New York on Friday and silver surged 58 cents to $18.66 per ounce. Gold particularly continued to surge in Asian and early European trading. Gold also surged in British pounds and euro. The London AM Fix at 1030 GMT this morning was at $958.75 and gold fixed at new record highs in most major currencies - at£481.62 and €636.32.Read full article... Read full article...
Wednesday, February 27, 2008
Crude Oil $100+ Price is Here to Stay / Commodities / Crude Oil
By: Donald_W_Dony
A brief review of the driving factors pushing oil higher - Over the last year, as oil has advanced from US$50 to $100, there has been countless academic papers on why the worlds most heavily traded commodity will likely not increase much above US$70 to $80. The main rationale? Alternative energy sources (e.g., coal, biofuels, wind, solar and uranium) will fill the gap and keep oil at a more comfortable level well below the infamous US$100 mark. Read full article... Read full article...
Wednesday, February 27, 2008
New High for Gold on Euro Break Above $1.50 / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHSYICAL gold bullion leapt to new record highs above $964.50 per ounce early in London on Wednesday, gaining more than 3.9% from Tuesday's low as European stock markets slipped back and the US Dollar slid towards new all-time lows on the currency markets.Breaching $1.50 for the first time ever today, the European single currency has now gained 12.7% versus the Dollar since the US Federal Reserve began slashing its interest rates in Aug. 2007.
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Wednesday, February 27, 2008
Is the Gold Bull Market Unstoppable? / Commodities / Gold & Silver
By: Bob_Kirtley
As we watch the trading session winding down in New York we can see gold and silver have had a tremendous day, with gold starting out at $935/oz and progressing to touch $950 as we write. Read full article... Read full article...
Tuesday, February 26, 2008
Gold Bull Market Continues On A Roll! / Commodities / Gold & Silver
By: David_Vaughn
Gold continues to perform beyond all expectations. Many readers are angry because they believe gold is climbing too high too fast. Blame it ultimately on the US dollar. I believe Friday gold climbed as high as 950 before resting comfortably at 944 an ounce. What goes on here? Why does gold continue to climb like this? We are almost at 1,000 an ounce and gold shows no weakness.Read full article... Read full article...
Tuesday, February 26, 2008
Gold Investors Reluctance to Buy Gold Stocks / Commodities / Gold & Silver Stocks
By: Ned_W_Schmidt
This wonderful rally in Gold, largely driven by money chasing momentum, is generating a great deal of bravado. Coming sale of a significant amount of Gold by the IMF is scoffed at. Why all of a sudden did the G-7 agree to it? Is more to come? At the same time, US$ is feeling the wrath of momentum money as its value is trashed. “More Money” Misken at the Federal Reserve thinks only of benefits from lower U.S. interest rates, while ignoring the damage.Read full article... Read full article...
Tuesday, February 26, 2008
US Fed Fueling Hyper Inflationary Global Commodities Market Bubble / Commodities / Stagflation
By: Gary_Dorsch
“Too much money, chasing too few commodities,” might be the best way to explain the historic rally that is underway in the global commodities markets. Central bankers in eighteen of the top-20 economies in the world have been expanding their money supplies at double digit rates for the past several years, trying to prevent their currencies from rising too quickly against the sickly US dollar. Nowadays, fund managers are pouring billions of dollars into commodities across the board, as a hedge against the explosive growth of the world's money supply, competitive currency devaluations, and the negative interest rates engineered by central banks. To the chagrin of central bankers, much of new money pumped into the global markets, is also going into commodities, instead of the stock market.
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Tuesday, February 26, 2008
Gold Bounces on US Wholesale Inflation Hitting 26 Year Highs / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES bounced from a four-session low at the London opening on Tuesday, recovering two-thirds of the week's 2.8% losses to date on news that producer-price inflation for US industry rose last month at a 26-year record clip. Wholesale prices increased 1% in Jan. said the Labor Dept. just ahead of the Wall Street open, twice the pace expected by private economists. Now running at 7.4% year-on-year, wholesale price inflation was last seen at these levels in the fall of 1981.
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Tuesday, February 26, 2008
IMF Proposed Gold Sale Looks Doubtful / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $7.30 to $937.40 per ounce in trading in New York on Friday but silver was up 10 cents to $18.08 per ounce. Gold continued to weaken in Asia but has strengthened somewhat in early European trading and is trading at $934.10 per ounce.Another mooted IMF gold proposal (more below) may have led some weak longs to liquidate positions yesterday. But after recent week's surge in gold and last week's sharp (4.5%) increase in the price of gold, the market was overbought in the short term and ripe for a correction. It was interesting that silver has remained strong despite gold's less than 1% sell off.
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Tuesday, February 26, 2008
Gold Stocks Potential Future Investment Opportunity / Commodities / Gold & Silver Stocks
By: John_Mauldin
I get more questions about gold than other single topic. The fascination for the "barbarous relic" among my readers is clear. This week in Outside the Box we take a look at the gold stocks and the potential future investment opportunity. David Galland of Casey Research provides an intriguing analysis of the gold market today. In particular, why have gold stocks lagged the rise in gold? This is the opposite of what orthodox gold investing strategy says should happen. And I happen to agree with David's rationale for the paradox and his contention that gold stocks are poised (finally!) for the same rise that their base metal brethren have seen. Read full article... Read full article...
Monday, February 25, 2008
How High Can Gold Go? / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $1 to $944.70 per ounce in trading in New York on Friday but silver was up 10 cents to $18.00 per ounce. Gold rose close to new nominal record highs in early European trading ($951.90) and silver rose to new 27 year highs ($18.15) . Last week gold was up by more than 4.5% (more than $40) as fears regarding burgeoning inflation and indeed stagflation began to permeate financial markets. Silver was even stronger and was up by 5% on the week. Read full article... Read full article...
Sunday, February 24, 2008
Monetary Inflation Feeding Precious Metals Bull Markets- The Bubble Inside the Bubble / Commodities / Gold & Silver
By: Joe_Nicholson
“Despite seasonality beginning to work against gold and silver, there is no bearishness or call to short here. Copper could be set to break out of a multi-year consolidation.” ~Precious Points: Bull Markets in Metals, February 16, 2008
It would be easy to give the most unabashedly bullish picture for metals week after week. The temptation to do so is very real given that I've been a believer in the metals story since before the subprime meltdown, before the faintest whisper of a possible crisis in exotic credit-based derivatives began appearing on the web (but nowhere in the mainstream commercial media). But this week, though it seems a stall in the rally may be ahead if the Fed continues to jawbone the issue of inflation, I am compelled to revise my charts in a decidedly bullish fashion.
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Sunday, February 24, 2008
Oil and Gold Inflation Assets Hit New All-Time Highs / Commodities / Elliott Wave Theory
By: Robert_McHugh_PhD
This week saw both Gold and Oil hit new all-time highs. Gold rose to $958.40 on Thursday, February 21 st . Oil rose to $100.86 on Wednesday, February 20th . Silver also busted out higher, hitting $18.19 Friday, February 22 nd . In the face of deflating housing prices, stock prices, and high risk credit assets, gold, silver, and oil are flying high. What is going on? Read full article... Read full article...
Sunday, February 24, 2008
Gold Push to New Highs Lacks Strength / Commodities / Gold & Silver
By: Merv_Burak
The price of gold continues into new highs BUT the strength of such recent move keeps getting weaker. Either the strength needs to improve soon or the weakness may dominate.
GOLD : LONG TERM
I thought it was time to check in again on the long term P&F Chart. Since we last looked in on it we have gone though a consolidation period and have broken into new highs. Most important, the action has now given us a higher value as a major support which, if breached, may give us a bear market reversal signal.