Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, December 03, 2007
Crude Oil Headed Down to $70 For Historic Buying Opportunity / Commodities / Crude Oil
By: Elliot_H_Gue
For the first time in more than a year, I'm a near-term bear on oil prices. I suspect that crude could fall to around $70 per barrel in the next three to four months, roughly a 30 percent correction from its recent highs. This move will be a correction of the long-term uptrend in crude, not the end of the bull market. This correction will mark a historic buying opportunity for both oil and oil-related stocks. Read full article... Read full article...
Sunday, December 02, 2007
Craze for Biofuel Causes Grain Prices to Soar / Commodities / Agricultural Commodities
By: Joseph_Dancy
As the dynamic economies of China, India, and Asia continue to expand the size of their middle class – and the population in these areas continues a large scale migration to the major cities – global demand for basic foodstuffs has increased significantly over the last decade. A recent swine virus has adversely impacted Chinese herds, and globally meats and grain inventories are in short supply compared to historical levels.
Meanwhile, biofuels continue to make inroads in the developed countries. The cost of the biofuel feedstock – corn in many cases – has risen with demand. The cost of alternative grains such as wheat and soybeans has also increased.
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Sunday, December 02, 2007
Commodities Price Growth to Slow in 2008 / Commodities / CRB Index
By: Donald_W_Dony
KEY POINTS: • CRB Index expected to advance to new highs in 2008, but with slower growth
• Light crude oil finds solid support at $89; no weakness anticipated – target is $108
• Fed rate cut meeting on December 11 will send gold higher and drop the USD; target is US$875
• Weaker copper prices point to stalling economies; $3.80 is solid resistance
• Natural gas pinned under $8.50 resistance; little chance of growth until second half of 2008. Steady LNG supply should keep prices low.
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Sunday, December 02, 2007
Gold and Silver Analysis - Fairweather Friends / Commodities / Gold & Silver
By: Joe_Nicholson
“ With each passing week, the pressure on the Fed threatens to bubble over, and it's becoming more and more likely the FOMC will again find itself in a position where it's obliged to cut rates or risk a huge selloff in equities markets. Silver may be the first tell for the direction of the next move. $13.50 continues to look like solid support, if we get there, and with what looks like a five-wave move down off the recent highs, silver will some work to do to avoid slipping lower before attempting new highs. Gold… having penetrated the $750-775 support area mentioned in the TTC forums, it's possible the near term bottom is in here, but… making that bet is not a high risk/reward proposition.” ~ Precious Points: Bullion Bouillabaisse, November 17, 2007Read full article... Read full article...
Saturday, December 01, 2007
Golds Friday Sharp Fall - A Conspiracy Theory? / Commodities / Gold & Silver
By: Adrian_Ash
"... Trying to ride this bull market in gold often feels like trying to get your heaviest friend home after way too much beer..."
THE GOLD PRICE just closed out November '07 at an average of $806.25 per ounce, a new record high – and the third record month on the run.
Not that you'd know that from reading the newswires this weekend, however. And fair's fair.
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Friday, November 30, 2007
How to Select the Best Gold Producing Stocks / Commodities / Gold & Silver Stocks
By: Zeal_LLC
In the wild and whacky world of gold stocks, investors and speculators have a wide range of options for capital deployment. These options can be categorized in many different ways, but it all boils down to risk. The degree of risk varies from extremely risky with the junior gold explorers to just plain risky with the large senior producers.
This risk is inherent due to the nature of mining and commodities-market volatility. And in general the gold-stock sector is going to carry greater risk than most other stock sectors. But of course the old market adage applies here, greater risk can lead to greater rewards. So while gold-stock trading is not for the faint of heart, catching this sector in a secular bull market has so far led to legendary gains for those willing to take these risks.
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Friday, November 30, 2007
Gold Holding Pattern - Economy-Wide Crunch" Now Looming in Europe / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET slipped from a small overnight bounce early in London on Friday, recording an AM Fix that was 5% below Monday's start as world equity markets rose on the promise of fresh interest-rate cuts from the US Fed.
Looking at the latest data on Gold Market futures – where the front-month contract is now trading $50 below its near-record top of Nov. 8th – "the net long Comex position declined by 12.4% in the two weeks" to Nov. 20th, note the team at Mitsui.
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Friday, November 30, 2007
The Epic Global Battle Over Crude Oil and the US Dollar / Commodities / Crude Oil
By: Gary_Dorsch
“Here are two brother countries, united like a single fist,” declared Venezuelan kingpin Hugo Chavez after meeting Iran Mahmoud Ahmadinejad in Tehran on Nov 19th. “We have common viewpoints and we will stand by each other until we capture the high peaks. God is with us and victory is awaiting us,” added Iran's Ahmadinejad, vowing to defeat US imperialism together, and pointing to the fall of the US dollar as the prelude to the end of America's global dominance. “Don't you see how the dollar has been in free-fall without a parachute? The US prints dollar bills with no real economic foundation. Soon we will not talk about dollars, because the empire of the dollar is crashing. The day will arrive not only in OPEC, but also in Latin America, when we will be liberated from the dollar. With the fall of the US dollar, US imperialism will fall as soon as possible,” Chavez declared.
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Friday, November 30, 2007
Gold in Potential Double Top Pattern / Commodities / Gold & Silver
By: Mike_Paulenoff
Under the circumstances, I thought the equity market handled "the day after" in relatively strong fashion. I leave you this evening with an updated look at the GLD, which closed in precarious technical condition...Read full article... Read full article...
Thursday, November 29, 2007
Gold Gives Back Overnight Gains Ahead of Key US Data, Bernanke Speech; Oil Jumps 4% on Cut to US Supplies / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back an overnight bounce to $808 per ounce as the New York opening drew near on Thursday, trading just below last night's close at $802.50.
Oil prices surged more than 4% after an explosion in Canada cut one-fifth of the United States ' daily crude imports. US stock futures pointed lower.
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Thursday, November 29, 2007
Gold and Silver Strong Bull Market Intact - HUI Bullish Signals / Commodities / Gold & Silver
By: Peter_Degraaf
The pull-back we are seeing in gold and silver is nothing more than some high-volume backing and filling, within the major uptrend. The annual Christmas rally which started in August has a lot of life in it yet.
The sub-prime mortgage debacle is nowhere near solved, and we can count on the central banks to do what they do with every problem they run into: print more money.
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Wednesday, November 28, 2007
Gold $800 - A New Generation / Commodities / Gold & Silver
By: David_Vaughn
Will 800 become the ceiling or preferably the new floor?
Short term I don't know, but I am excited watching so much positive strength in this market. The crap is hitting the fan and gold is responding appropriately and properly. My personal opinion is that 800 may just become a floor price for gold. But who am I to know?
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Wednesday, November 28, 2007
Gold Falls in Unision with Crude Oil / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $12.50 to $813.80 per ounce in New York yesterday and silver was down 35 cents to $14.46 per ounce. Gold has continued to sell off in Asia and European trading and is at $797.50 per ounce at 1200 GMT. Gold remains near record highs in euro, British pounds and other currencies and is trading at £387 GBP (up from £401 on Monday) and €541 EUR (from €561 on Monday).
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Wednesday, November 28, 2007
Profit from the Surge in Global Diamond Demand and Exploration / Commodities / Diamonds
By: Money_and_Markets
Sean Brodrick writes: The price of polished diamonds is rising at a rate of about 10% year over year, and the falling dollar could accelerate that surge. However, most diamond mining and exploration stocks haven't joined the rally in natural resource stocks over the past 12 months.
Together, I think those two facts mean there is the potential for significant upside in diamond stocks, a move that could come at a dizzying speed. And that's why I've been doing a ton of research on the industry, building on my trip to an Arctic diamond camp this past August.
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Wednesday, November 28, 2007
Gold Bounces from 5% Loss as Dollar Gains, Eurozone Bonds Fall on Inflation Shocker / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to plunge early Wednesday, bouncing off $792.50 as the Asian session ended – more than $43 per ounce (5.1%) below Monday's two-week top.
After the first hour of London trade, the Gold Price stood nearly 7% below the 27-year high of $845 hit on Nov. 7th. The sell-off following that attempt on gold's all-time peak – recorded back in Jan. 1980 at $850 – was both sharper and more severe than this week's drop so far.
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Wednesday, November 28, 2007
Junior Miners Heading into US Tax Selling Period Presents Potential Buying Point / Commodities / Gold & Silver Stocks
By: David_Morgan
First you're an unknown, then you write one book and you move up to obscurity. - Martin Myers
I recently returned from Europe speaking on the merits of precious metals and in particular silver. About a month before I left for the three-city tour, which started in Munich Germany, my friends at http://www.silberinfo.com/ began
diligently working on translating my book, Get the Skinny on Silver
Investing into the German language.
Wednesday, November 28, 2007
What WIll Happen If Crude Oil Breaks Above $100? / Commodities / Crude Oil
By: George_Kleinman
The following is an excerpt from Larry Livingston's book Reminiscences of a Stock Operator , which is based on the story of Jesse Livermore, one of the greatest traders of all time.
When it got to 98 I said to myself, "Bethlehem is going through 100, and when it does the roof is going to blow clean off."
The tape said the same thing, more than plainly. In fact, it used a megaphone. I tell you, I saw 100 on the tape when the ticker was only printing 98. And I knew that wasn't the voice of my hope or the sight of my desire, but the assertion of my tape-reading instinct. I rushed to my broker's office and put in an order to buy 500 shares of Bethlehem Steel. I got them at 98 to 99.
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Wednesday, November 28, 2007
Rising Demand for Corn As a Biofuel and From Asia / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
Agri-Food commodities are an essential part of our lives. Nearly every hour of our waking day we come in contact with something derived from corn. We eat it, drink products made from it, write on paper made with starch, and are now trying to fuel our cars with it. However, competition for corn has greatly increased. Rising consumer demand, driven by expanding incomes in China, and an attempt to expand biofuel production have driven prices up from about $1.75 a bushel two years ago. Will the price of corn soon take out the most recent high? Will state bird of Nebraska be changed to the Lexus?Read full article... Read full article...
Tuesday, November 27, 2007
Gold Dives 2.2% from Monday's Top as Dollar Bounces / Commodities / Gold & Silver
By: Adrian_Ash
Indian Gold Prices Near All-Time High; Chinese Demand Rises 24% in Q3
SPOT GOLD PRICES dived in the first-half of London trade on Tuesday, recording an AM Fix of $823.25 per ounce, some 1.4% below Monday's morning fix.
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Monday, November 26, 2007
Precious Metals Bull Market - Why Silver Is About To Take Over For Gold / Commodities / Gold & Silver
By: Captain_Hook
The US Dollar ($) is losing its global reserve currency status, and the rate at which this is occurring is accelerating in direct proportion to easy money policy of the Fed. As with the $'s reaction to the Fed's policy decision, any further administered rate cuts will be met with an accelerating decline in the $, along with unfavorable and opposite reactions in market rates. This is why gold was able to slice through $800 easily Friday, because the commercial shorts (banks) are the same people who are exposed to trillions of Structured Investment Vehicles (SIV's), Collateralized Debt Obligations (CDO's), and various other forms of toxic waste; and they are discovering a direct bailout may not be forthcoming. This in turn cranks up the need for even easier money policies of course, which is why neither gold nor the $ ever correct much on trend, and is a condition that will be with us for some time considering the banks have only come clean with approximately 5-percent of their true exposures to toxic debt. This is why gold could vault to $1,000 and beyond by Christmas. Read full article... Read full article...