Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, October 08, 2007
Gold Under Comes Under Pressure / Commodities / Gold & Silver Stocks
The streetTRACKS Gold Shares (NYSE: GLD) is under pressure today with the entire commodity complex, but the weakness has not inflicted any meaningful damage to the overall dominant uptrend off of the August low at 63.47. Only a break below 71.15 will begin to compromise my still bullish outlook.Read full article... Read full article...
Monday, October 08, 2007
Aussie Junior Gold Mining Stocks Play Catch Up / Commodities / Gold & Silver Stocks
Aussie Junior companies have been hot for over two years now – pick the right ones and you are making big money fast and there is a classic pattern forming that indicates a new cycle has only just begun. The bottom made in April 2005 has been followed by two distinct up-legs and both ended in a sharp correction. If you also invested when we suggested – bringing money into Australia from the US you have been making even bigger money as our Dollar is in an uptrend against the USD. I have included a chart of the ASX Gold juniors (which is provided as a live link on GoldOz thanks to our friend Nick Laird at Sharelynx) as proof of this directly below.Read full article... Read full article...
Monday, October 08, 2007
Gold Facts Ignored by Bloombergs Biased and Unbalanced Article / Commodities / Gold & Silver
GoldGold has traded sideways in Asia and down in early European trading and was trading at $736.50/ 737.00.
As expected after six weeks of rising prices, gold took a well earned rest last week and was down by a marginal $1.50 for the week.
Continuing consolidation may be expected and there appears to be strong support in the low $720s. However, gold could continue to surprise to the upside as it has done previously.
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Monday, October 08, 2007
Gold Falls vs. the Dollar, But Holds Steady in Euros; Hits New 23-Year High for Japanese Buyers / Commodities / Gold & Silver
SPOT GOLD PRICES fell in early trade on Monday, slipping 0.5% in Asia and then dropping further to bounce off $736.50 twice in London this morning. That level also marked the AM Fix in London , recording a loss of more than $9 per ounce from last week's start.Read full article... Read full article...
Monday, October 08, 2007
Silver to Rocket on US Dollar Crash / Commodities / Gold & Silver
We succeeded in sidestepping a hefty reaction in silver early last week, but while gold has already made good most of its losses of early last week, silver has not - yet, and long positions can therefore be reinstated at a better price, although some traders may prefer to wait for the "triple breakout" referred to in the Gold Market update before going long.Read full article... Read full article...
Monday, October 08, 2007
Gold and Silver Analysis - Precious Points: T-minus five, four, three … / Commodities / Gold & Silver
The biggest threat to metals right now is still the May 2006 highs and the perception that we could be in a corrective pattern from those levels. If so, the summer's lows in gold would have to be taken out, though probably not by much given the strength of the underlying fundamentals and the beginning of positive seasonality. The market's response to a busy week for economic data, including ISM figures, auto and truck sales, and employment reports, and the ECB meeting, will give a clearer picture by next weekend.Read full article... Read full article...
Monday, October 08, 2007
Gold Break Out Expected As US Dollar Crashes Through Major Support / Commodities / Gold & Silver
We have been bullish on the broad stockmarket on the site, but short to medium-term bearish on gold and silver in the recent past and by extension gold and silver stocks, due principally to the distribution patterns that have formed in the metals and their increasingly bearish COT structure, especially gold. However, there is an inconsistency here that is becoming increasingly obvious and has led to a re-evaluation over the past couple of days. The inconsistency arises because a breakout to new highs and strong advance in the broad stockmarket, which looks very probable for reasons we will look at shortly, will almost certainly be accompanied by further heavy losses in the dollar.Read full article... Read full article...
Sunday, October 07, 2007
Weekly Gold and Silver Technical Analysis Report - 7th Oct 07- Technically Precious with Merv / Commodities / Gold & Silver
We had a little scare earlier in the week but it may be all over now -- or is it? Will world events control the fortunes of gold or will it be the US $? Push/pull, whatever.
URANIUM
Before getting into my weekly precious metals commentary I thought I'd bring to your attention a new blog that was launched this past week. Over the past year or two I have had many readers asking questions about uranium stocks. Many have suggested that I should include a uranium commentary with these commentaries. This led to the creation of a blog that is dedicated to discussing daily and weekly activities of uranium stocks.
Sunday, October 07, 2007
Precious Metals and the Gold Bugs Headed Higher? / Commodities / Gold & Silver
Gold finished the Minor degree wave 3 of Intermediate degree 1 up on May 12th at $730.40. Gold 's Minor degree wave 4 was a Symmetrical Triangle , a consolidation pattern of the Minor degree wave 3 rally that started back in 2001 and extended into the May 12th, 2006 top. Waves a through e within wave 4 are complete. A break above $730 has confirmed that the triangle is complete, and wave 5 up is underway, and is a “buy” signal .Read full article... Read full article...
Saturday, October 06, 2007
Emergency Capital and Exchange Controls Would Benefit Gold / Commodities / Gold & Silver
When Exchange Controls were imposed in Britain in 1971 the country was caught off-guard by the speed of their imposition. That was when the gold price really took off eventually rising from $42 an ounce to $850 in the 1980's.Read full article... Read full article...
Friday, October 05, 2007
Gold and HUI Bull Seasonals Point to Strong Gold Bull Market Rally / Commodities / Gold & Silver
As the nights lengthen, the leaves change color, and the chill winds of autumn begin to blow, the seasons are on everyone's mind this time of year. But it is not only these natural seasons driven by orbital mechanics that are changing. The most bullish seasonal time of the year for the precious metals and their miners is nearly upon us.
The mere fact that precious metals have seasonal tendencies is often surprising to traders. Everyone can understand why a soft commodity like wheat is seasonal. Due to the Earth's axial tilt and its annual revolution around the sun, there is one primary growing season in the northern hemisphere. Thus wheat supplies typically peak just after harvest before shrinking until the next harvest. Since the celestial seasons affect supply, and supply and demand drives prices, the Earth's seasons play a major role in wheat price trends.
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Friday, October 05, 2007
Gold and Silver: You Can Trade This Bull Market / Commodities / Gold & Silver
What a difference a month makes! Gold closed at $731 and the HUI hit 400 , which makes the job of writing this update more of a pleasure. We will start with both the chart of the HUI and the chart of gold. Both have moved to higher ground aided by the Federal Reserve who pitched in with a 50 basis points rate cut. The US dollar weakens and gold strengthens as their inverse relationship continues.Read full article... Read full article...
Friday, October 05, 2007
Gold Slips on Third Day of "Healthy Correction" as US Jobless Claims Rise / Commodities / Gold & Silver
SPOT GOLD PRICES slipped yet again in London on Thursday morning, recording the third falling AM Fix on the run at $726.75 per ounce.
On the currency markets, both the British Pound and the Euro gained a cent from yesterday's one-week lows against the US Dollar, after the Bank of England and European Central Bank both kept their interest rates on hold.
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Thursday, October 04, 2007
Your Next Big Profits from Gold, Agricultural, OIl Water Stocks / Commodities / Agricultural Commodities
Larry Edelson writes: On July 26, I told you the dollar's demise was going to dramatically affect you in myriad ways, not the least of which would be soaring commodity prices — especially gold — and falling stock prices.
Then, on August 23, I said the second phase of the inflationary commodity boom was about to explode higher, as the subprime mortgage crisis hit the U.S. economy hard, and that Fed Chairman Ben Bernanke would flood the economy with paper money.
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Thursday, October 04, 2007
Gold Slips on Third Day of "Healthy Correction" as US Jobless Claims Rise / Commodities / Gold & Silver
SPOT GOLD PRICES slipped yet again in London on Thursday morning, recording the third falling AM Fix on the run at $726.75 per ounce.
On the currency markets, both the British Pound and the Euro gained a cent from yesterday's one-week lows against the US Dollar, after the Bank of England and European Central Bank both kept their interest rates on hold.
Read full article... Read full article...
Thursday, October 04, 2007
Stagflation-Proof Yourself with Agriculture Commdodity Investments / Commodities / Agricultural Commodities
In addition to monetary inflation, which I wrote about in part one of this series, another well known-driver for the higher prices in agricultural commodities has been the use of corn for the production of ethanol. That increase in the intrinsic value of corn has translated into higher prices for other agricultural commodities because land replanted for the growing of maize means less available for the production of wheat, soybeans, cotton, etc.Read full article... Read full article...
Thursday, October 04, 2007
Gold Consolidating and Expected to Resume Uptrend / Commodities / Gold & Silver
GoldGold was flat yesterday and was up 20 cent from $729.70 to $729.90.
It traded slightly down in the New York Access market and has traded sideways in Asian and early European trading. At 1200 GMT gold was trading at $727.40
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Thursday, October 04, 2007
PEAK GOLD - A Primer on the Economics of Gold Mining / Commodities / Gold & Silver Stocks
Barrick Gold Mining Company Execs Continue to Exercise Options and Sell Shares: In Part Four I revealed that when it comes to owning Barrick shares, the two top Barrick executives, CEO Greg Wilkins and CFO Jamie Sokalsky have voted with their feet. In retrospect it looks more like a stampede of insiders out of Barrick shares and options.Read full article... Read full article...
Thursday, October 04, 2007
Gold Forecast - Gold Price Is Being Driven By Macro-economics and Currencies / Commodities / Gold & Silver
We mentioned briefly in the market section at the start of this issue that there has been a change of tides, and possibly a change as fundamental as a change of current. Yes, last week will be seen in history, as an important one for the global economy and gold alongside other precious metals. We write this section because until last week the price range of gold was seen only in the context of May 2006 price ceiling of $730.Read full article... Read full article...
Wednesday, October 03, 2007
Brazilian Ethanol – Not the Solution But Part of the Energy Solution / Commodities / Ethanol
Worldwide, the United States is the largest producer of ethanol with Brazil running in second place. Brazil is the largest exporter with significant land available to ramp up production.
Ethanol in Brazil started in 1975 when the military government started a program which gave consumers tax breaks if they purchased ethanol-powered cars and fixed prices and purchased farmers production. The government also invested in research which has improved the yields three-fold in the past 30 years.
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