Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, October 14, 2007
Weekly Gold and Silver Technical Analysis Report - 14th Oct 07- Technically Precious with Merv / Commodities / Gold & Silver
Gold moved into new highs this week but not with any amount of enthusiasm. 15,312,000 ounces of gold sold short. Is that true? Boy, if someone had to cover that short there would be an upside explosion. But that's only dreaming, I think.
GOLD OPEN INTEREST
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Sunday, October 14, 2007
Germany and other European Central Banks Not To Sell Gold During 2008 and 2009 / Commodities / Gold & Silver
Some prominent commentators on the gold market are giving the impression that Germany and possibly Italy, will eventually be sellers of their gold, although not in 2008, even stating that the Bundesbank is 'not opposed to such sales', but simply need to agree the purpose for which the proceeds will be used. These commentators even say, that German gold sales will eventually begin. We could not disagree more strongly!Read full article... Read full article...
Saturday, October 13, 2007
Commodities Surge as Crack-Up Boom Gathers Pace / Commodities / CRB Index
GoldGold surged $11.50 in New York yesterday, from $739.80 to $751.30. It was sold off subsequently in the illiquid New York Access Market and has traded sideways in Asian and early European trade.
Gold was trading at $748.410/ 748.60 at 1200 GMT.
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Friday, October 12, 2007
Red Hot Inflation Now Baked in the Crust As Investors Pile Into Commodities / Commodities / Inflation
"...Wall Street and the City are suddenly piling into the commodity markets. Expect a side-order of '70s style inflation to hit your dinner table as a result..."
DIG OUT YOUR BELL-BOTTOMS and dust off your Doobie Brothers albums! This is where inflation stops hiding behind the official CPI data...and starts eating your cash savings and income alive.
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Friday, October 12, 2007
Wheat and Inflation Expectations As Wheat Bull Market Soars to $9 / Commodities / Agricultural Commodities
With gold challenging $750 and oil quite comfortable north of $80, this young autumn trading season has already proven exceedingly exciting and profitable for commodities investors. But for students of the markets, today's price levels in the metals and energy complex are certainly not surprising. Over six years ago the fundamentals already pointed to an inevitable worldwide commodities boom.Read full article... Read full article...
Friday, October 12, 2007
Gold Nears 7th Weekly Gain in Eight as Stock Markets Fall; Commodities Rise on Turkey-US Tensions, New Russian Wheat Tariff / Commodities / Gold & Silver
THE SPOT GOLD MARKET held in a one-dollar range either side of last night's US close on Friday morning, heading for the seventh weekly gain in eight above $747.50 per ounce.Read full article... Read full article...
Friday, October 12, 2007
Consumer Price Inflation Has Finally Arrived and Gold Will Have Its Day In the Sun Yet / Commodities / Inflation
Not a day goes by without another financial institution getting bailed out.Let's see, we have Countrywide Financial, German IKB and now the UK based Northern Rock.
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Thursday, October 11, 2007
Gold and Silver Short Term Forecast - Ending Diagonal Patterns / Commodities / Elliott Wave Theory
The price action for Gold and Silver appears as possible ending diagonal patterns, indicating that a sharp pullback is possible. We were also following ending diagonal patterns for the DOW and SPX, which completed on Oct 11th (today). When ending diagonals complete they are followed by a sharp decline to the starting point of the pattern. The starting point is at the wave (4) low on the Gold and Silver charts below.Read full article... Read full article...
Thursday, October 11, 2007
Germanys Central Bank Decides to Hold on to Gold Reserves / Commodities / Gold & Silver
GoldGold was up $3.10 in New York yesterday, from $736.70 to $739.80. It has continued to strengthen in Asian and early European trade. Gold was trading at $746.40/ 746.90 at 1200 GMT.
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Thursday, October 11, 2007
Gold - The Real Deal Bull Market and Store of Value / Commodities / Gold & Silver
In this analyst's view, if the Gold Share Indices break up relative to Commodities Index on the following two charts – which have been “dumbed down” to 7.5% X 3 box reversal to cut out all trading noise – then that will be a leading indicator pointing to the “Real Deal”. Gold will be unarguably on its way on its journey to becoming a genuine store of wealth in turbulent times.Read full article... Read full article...
Thursday, October 11, 2007
Gold Surges to New 27-Year High as "Inflationary Melt-Up" Hits World Stock Markets & Commodities / Commodities / Gold & Silver
SPOT GOLD PRICES surged 0.9% in early trade on Thursday to reach fresh 27-year highs above $748 per ounce as silver rose 1% and platinum recovered its high of Nov. 2006.Read full article... Read full article...
Thursday, October 11, 2007
Another Upleg in Crude Oil? / Commodities / Crude Oil
The action during the past couple of sessions in the U.S. Oil Trust (AMEX: USO) as well as in crude off of the 9/28 high at 64.25 represents another bullish consolidation within the dominant uptrend rather than a near-term top…and indicates strongly that another upleg may have started off of the Sept-Oct double-bottom lows near 60.20, which projects to a test and hurdle of 64.25. Only a break below 60.00 will compromise my near-term constructive outlook.Read full article... Read full article...
Thursday, October 11, 2007
Investing in King Coal / Commodities / Coal
China is both the world's largest coal producer and its preeminent consumer. In 2006, Chinese coal production totaled more than 1,200 million metric tons of oil equivalent, and output has been growing rapidly in recent years. China's coal production is nearly double what it was at the beginning of this decade.It should come as little surprise that Chinese demand for coal will continue to surge in coming years. The country consumes vast quantities of both thermal coal and metallurgical (met) coal.
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Wednesday, October 10, 2007
Commodities Bull Market Revived / Commodities / CRB Index
Numerous favorable signals point to a resumption of the commodity bull. It had been stalled for almost a year. The US Federal Reserve interest rate cut on September 18 clearly marked a turning point, a watershed event, a sea change. The USEconomy is the weakest on the planet, not surprising since it grew on the back of a housing bubble, which has since entered a slow motion crater. The US financial sector, the engine behind the so-called FIRE economy, has sputtered from bubbles mixed with kooky engineering mixed with leverage steroids laced with mispricing misrating fraud.Read full article... Read full article...
Wednesday, October 10, 2007
Gold and Silver Fundementals Have Changed Due To New Demand For Real Money / Commodities / Gold & Silver
Both gold and silver have had attractive and improving supply and demand fundamentals for many years running. Demand for gold jewelry has exceeded mine supply with Central Bankers making up the shortfall with what is by far their most precious reserve asset. The stated reason was to achieve higher income while the real reason was to suppress the price. If you believe their stated reason then you also probably believe that the reason the Fed stopped reporting the M3 money supply numbers in 2006 was to save money as they explained.Read full article... Read full article...
Wednesday, October 10, 2007
Gold Rises as European Stocks Miss Out on US, Asian Surge; Also Hits New 17-Month High vs. the Euro / Commodities / Gold & Silver
SPOT GOLD PRICES continued to tick higher during the Asian and early European sessions on Wednesday, gaining more than $6 per ounce from last night's US close to reach $744 by lunchtime in London.Read full article... Read full article...
Tuesday, October 09, 2007
Gold & the End of History's Holiday, Bloombergs Article Implies Mainstream Consensus is Still Opposed to Gold / Commodities / Gold & Silver
"...The 1990s failed to mark the end of history. It just took a short holiday, instead – and at the very same time, historians and pundits alike announced the 'death of gold', too..."
IF WHAT YOU THINK depends on where you sit, then in early 2000, the Oxford historian Niall Ferguson – like pretty much everyone else who pulled up a chair and took a look – sat two decades into the final demise of gold as a valuable asset.
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Tuesday, October 09, 2007
Gold Stocks Expected to Continue to Consolidate After Recent Gains / Commodities / Gold & Silver
GoldGold has continued to weaken in Asian and early European trade after yesterday's nearly 1% sell off. Gold was down $8.70 in New York from $741.30 to $732.60.
Gold was trading at $729.50/ 730.00 at 1200 GMT. Gold's weakness is likely due to profit taking and the U.S. dollar continuing to strengthen and oil prices and commodities weakening on concern regarding the robustness of the U.S. economy.
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Tuesday, October 09, 2007
Gold Stocks to Soar as Credit Crisis Turns Into Currency Crisis / Commodities / Gold & Silver Stocks
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 market, its growth-to-date, and potential future investment opportunity. Doug Casey and David Galland of Casey Research provide an intriguing analysis of the gold market today.Read full article... Read full article...
Tuesday, October 09, 2007
Gold Slips as Commodities Sell Off on Output & Stockpile Forecasts; Equity Traders Fear Sharp Drop in US Stocks / Commodities / Gold & Silver
SPOT GOLD PRICES slipped further overnight, taking the pullback from Oct. 1st's 27-year high to 2.4% as commodity prices fell across the board and traders awaited minutes from the Federal Reserve's most recent interest-rate meeting for a signal on future US policy.Read full article... Read full article...