Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, August 28, 2007
Elliott Wave Analysis of the AMEX Gold BUGS Index / Commodities / Elliott Wave Theory
By: David_Petch
After publishing the HUI last week, I have had a number of questions about my count. Surprisingly, out of 50 emails received, some 20 were wondering how valid the count was if it was analyzed in semi-log format. Most of the work I do for constructing wave counts are based upon analysis on the weekly charts in semi-log format. The software that I use for displaying the Elliott Wave charts does not have a semi-log function, so I must display them in linear format. With all of the emails, the entire article from last week is presented to hopefully subdue any queries (and my email box) anyone may have. Read full article... Read full article...
Monday, August 27, 2007
Gold and the Subprime Cancer / Commodities / Subprime Mortgage Risks
By: David_Vaughn
Gold is slowly moving back to its previous equilibrium. A lot of buying and selling went on in the markets last week
And why did the price of gold momentarily drop a little in price during this perilous time?
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Monday, August 27, 2007
ScotiaBank & Silver: Ted Butler's Call To Action / Commodities / Market Manipulation
By: Ed_Steer
On August 21, 2007, silver analyst Ted Butler came out with one of his most important commentaries to date. I urge you to take the time to read it from one end to the other. Here's the GATA dispatch on Butler's essay ...Read full article... Read full article...
Monday, August 27, 2007
Weekly Gold and Silver Technical Analysis Report - 27th August 2007 - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Good week but on pathetic daily trading volume. Professionals still on vacation ??? Let's see where we are.
GOLD : LONG TERM : Semi-Log Scale
I was sort of unsure which long term chart to show this week, a bar (or candlestick) chart or a P&F chart. However, the P&F chart shown with the 03 Aug 2007 commentary has still not budged. It is still as it was then. All that action over the past few weeks made not a smidgeon of effect on the P&F chart. For those interested in what it looks like you can go to the archives of some web sites publishing these commentaries. I will show the P&F again one of these weeks, especially if there is some movement in the chart.
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Saturday, August 25, 2007
Gold and Silver Analysis - Precious Points: The Question of Deflation / Commodities / Gold & Silver
By: Joe_Nicholson
“Gold perfectly held the 50-week moving average long watched here as strong, critical support. Resistance in the 665/70 area will be crucial to any recovery next week. Silver could now be mired in a lower trading range for the near term. At the very least, silver will likely face considerable resistance before new highs can even be contemplated. The Fed has been working behind the scenes … as it shepherds domestic growth through this decidedly difficult period. Growth... is still the outcome Bernanke seems to favor strongly.” ~ Precious Points: Gold Got Sold, but Should You Hold? , August 18, 2007Read full article... Read full article...
Friday, August 24, 2007
Will Gold Benefit from Calmed or Crippled Confidence? / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold price has continued to look solid in the $650 area. Confidence in the banking, not just the mortgage system was given quite a blow last week. The $ rallied, but is in the process of turning down again. What lies ahead and why? Here are some of our views, which were published in the latest edition of the Gold Forecaster last week. These views are now being expanded there, with a closer look at the two types of "liquidity" supply.Read full article... Read full article...
Friday, August 24, 2007
Credit Crunch Bites HUI Gold Bugs Index; Carnage Amongst Junior Miners / Commodities / Gold & Silver Stocks
By: Zeal_LLC
After weathering a consolidation running for 16 months now, the remaining precious-metals-stock investors and speculators are a pretty hardened lot. Used to being the ridiculed black-sheep contrarians, it takes quite a bit to faze us. Yet the brutal downside action in the HUI last week certainly fit the bill.
Between Monday the 13th and Thursday the 16th, the HUI unhedged gold-stock index shed 18% of its value on an intraday basis. Wednesday and Thursday were the particularly nasty days, with 3/4ths of these losses occurring between the open Wednesday and the first couple hours of trading on Thursday morning.
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Friday, August 24, 2007
Inflation Beating Savings: Gimmick or a Good Deal? / Commodities / Savings Accounts
By: MoneyFacts
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk – the money search engine, investigates:“A new breed of savings accounts has emerged over the last month with Leeds BS and National Counties offering products that promise to beat inflation. But how do they fare in the current market? Are they a good deal or just a gimmick?
“Savers may be fooled into thinking these inflation beating accounts offer something special over and above a standard savings account, but if inflation remains under tight control (within 1% either way of the official 2% target), a best buy fixed deal could offer an equal or better return in the longer term.
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Friday, August 24, 2007
Gold Rallies to $662 as Calls Mount for US Rates Cut; Foreign Investors Reduce Bond Holdings / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES moved sideways in London on Friday morning, dipping to an AM Fix of $659.75 before rising to touch $662 per ounce by lunchtime.
"People are nervous and not sure how gold is going to react," says Matthew Turner, an analyst at Virtual Metals. "It depends so much on the outside market.
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Thursday, August 23, 2007
Phase II of the Natural Resources Boom Is About to Burst onto the Scene / Commodities / Metals & Mining
By: Money_and_Markets
Larry Edelson writes : Is it ugly out there in the markets or what? Unfortunately, things are likely to get worse before they get any better.
The good news is that I also see a massive profit opportunity coming directly ahead. More on that in a moment.
First, you need to understand what's happening right now …
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Thursday, August 23, 2007
Gold and Stocks Rise on Fed Interest Rate Cut Expectations / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose to a one-week early Thursday, gaining $2.50 from the previous night's US close and recording a Morning Fix of $662.25 per ounce in London
Gold leasing rates also rose strongly, hitting their highest level since Nov. 2003, as London 's largest bullion banks demanded a greater rate of return for lending their gold over the coming 12 months.
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Wednesday, August 22, 2007
Gold Recovers Early Dip; China 's Copper Demand Doubles in 12 Months / Commodities / Metals & Mining
By: Adrian_Ash
SPOT GOLD PRICES recovered an overnight dip early Wednesday, regaining the previous night's US close after recording an AM Fix in London of $657.15 per ounce.
"The credit worries are not over and the [gold] market will not really have much clue what the true credit liquidity dynamics are for some time," says metals analyst Michael Jansen at J.P.Morgan.
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Wednesday, August 22, 2007
Investing in the Arctic Tundra - Diamonds are Forever / Commodities / Arctic Resources
By: Money_and_Markets
Sean Brodrick writes: When I wrote you last week, I had just joined my hosts in the diamond exploration camp in the Canadian Arctic. I was taking my first trips out on the tundra, looking for kimberlite, which is the host rock for diamonds.
In the picture, I'm standing with Nick, one of the locals. One of his many jobs was making sure I wasn't eaten by grizzlies. His bear rifle is in the blue bag on his shoulder!
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Tuesday, August 21, 2007
Gold Recovers Early Dip After "Black Monday" Hits US Bonds; European Banks Fail to Sell Key Loans / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES pulled back after rising into the London opening on Tuesday, recording a Morning Fix of $655.50 before recovering $3 per ounce as European stock markets gave back their own early gains.
"The rebound in equities [has] helped support gold," reckons Wallace Ng at Fortis Bank in Hong Kong . "We also saw a bit of physical demand coming in this morning."
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Monday, August 20, 2007
Gold Starts Week Unchanged as Crude Oil Falls , Further Fed US Interest Rate Cuts Expected / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES dipped before rebounding early Monday, recording an AM Fix in London of $658.50 per ounce, virtually unchanged from Friday's US close.
"Some people are still afraid there might be more bad news ahead, and liquidity in the gold market is poor because most of the traders are not back from their summer holiday," said Ng Cheng Thye, head of Standard Bank's precious metals desk in Singapore , to Bloomberg earlier.
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Sunday, August 19, 2007
Gold and Silver Caught in Credit Crunch Downdrift / Commodities / Gold & Silver
By: Roland_Watson
At the time of writing this, the Dow Jones Industrial Average is down 9% from its record closing high of 14,000 set on the 19th of July. Since then, fears over defaulting sub-prime funds spilling into main markets has had large numbers bailing out of higher risk assets into the relative safety of government bonds and cash.Read full article... Read full article...
Saturday, August 18, 2007
Gold and Silver Analysis - Precious Points: Gold Got Sold, but Should You Hold? / Commodities / Gold & Silver
By: Joe_Nicholson
It's not at all likely that the credit crunch which plagued the markets last week will be resolved when trading on Monday resumes. But … it appears the Fed is sensitive to the market and will continue providing liquidity as needed, virtually on demand. The pace at which … the Fed is able to remove the billions of new dollars from the money supply, if at all, will largely determine the direction for metals in the coming weeks. All that is reasonably certain is that if the liquidity situation only deteriorates from here, which would probably have to occur before a rate cut is truly on the table, precious metals, along with most assets, will suffer in the short run. ~ Precious Points: Bernanke the Maestro , August 11, 2007Read full article... Read full article...
Saturday, August 18, 2007
Weekly Gold and Silver Technical Analysis Report - 18th August 2007 - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Scary? Maybe, but we've been there before. $21 (or 3%) drop in gold price is not so unusual. What next? Let's take a quick look at where we've been and see if we can guess what to expect ahead.
Who's Panicking?
It's just my unsophisticated guess as to who has been panicking these past few days but it looks like the panicky people are in two classes. First are the commentators and media personalities. They doth not knoweth of what they speaketh off most of the time. The second are the industry professionals, you know the kind, those that continually advise you to look at the long term and not at the short term fluctuations. They are often the first to panic during short term troubles.
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Friday, August 17, 2007
Gold Bounces as European Stocks Rally; Asia-Pacific Ends the Week 10% Down / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose at the London opening on Friday, recovering the overnight bounce above $653 before slipping to $651.56 per ounce by lunchtime – a little more than 1% above Thursday's low.
European stock markets also rose despite a torrid session in Asia , bouncing 0.7% on average as London 's FTSE regained 1.4% and France 's Cac 40 put on 0.9% from Thursday's close.
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Thursday, August 16, 2007
MPTrader - Gold Losing Luster But Not Yet Violating Support / Commodities / Gold & Silver
By: Mike_Paulenoff
After a week of exhibiting great relative strength, spot gold prices -- and with them the streetTRACKS Gold Shares (NYSE: GLD) -- finally caved in to the intense selling pressure exerted by "the liquidators": those managers and investors who bailed out of the precious metals to raise cash, likely to meet anticipated margin calls, etc…or merely to preserve capital during very tumultuous times.Read full article... Read full article...