Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, February 27, 2013
Gold Supported by Fundamentals as Bernanke Testimony "Shows QE Has Long Way to Go" / Commodities / Gold and Silver 2013
By: Ben_Traynor
U.S. DOLLAR gold bullion prices fell slightly in Wednesday morning's London trading, but held above the $1600 per ounce level it rallied above yesterday after Federal Reserve chairman Ben Bernanke told Congress that that Fed's ongoing quantitative easing policy "is providing important support to the recovery" and that the benefits "are clear".
Wednesday, February 27, 2013
Silver Price Dip is a Good Time to Buy / Commodities / Gold and Silver 2013
By: Money_Morning
Diane Alter writes: Good news for those investing in silver: The price slump is ending, making now a good time to buy.
Silver prices have slid since the start of 2013, and the white metal's down nearly 9% so far this year. Silver, which had hit a record high of $49.79 an ounce in April 2011, was trading for $29.36 Tuesday afternoon.
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Wednesday, February 27, 2013
Fed To Prompt Currency Crash and Return to Gold Standard / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,608.50, EUR 1,228.80 and GBP 1,062.28 per ounce.
Yesterday’s AM fix was USD 1,597.25, EUR 1,219.65 and GBP 1,052.07 per ounce.
Silver is trading at $29.13/oz, €22.32/oz and £19.33/oz. Platinum is trading at $1,611.00/oz, palladium at $736.00/oz and rhodium at $1,200/oz.
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Wednesday, February 27, 2013
Goldman Sachs Cuts Gold Forecast AFTER Price Plunge, Purposely Late? / Commodities / Gold and Silver 2013
By: Mike_Shedlock
In the less than useless category, Goldman Sachs lowered its gold price targets by over $200 an ounce following the recent plunge. Goldman now says Gold's Cycle Seen Turned.
Read full article... Read full article...The cycle for gold prices, which climbed for 12 straight years, has probably turned as the recovery in the U.S. economy gathers momentum and investment holdings collapse, according to Goldman Sachs Group Inc., which reduced forecasts for the metal.
Wednesday, February 27, 2013
Political Considerations for Silver Prices / Commodities / Gold and Silver 2013
By: Bob_Kirtley
Silver prices have now traded sideways for around 16 months. The lower end of this trading range is $27.00/oz and the higher end is $35.00/oz. As of today the price stands at $29.33 having bottomed at $28.50, it’s taken 4 trading sessions of small but positive gains to reverse the downward spiral from $32.00/oz. Not much to write home about here, but it is encouraging that the carnage is showing signs that it might be over, for now at least. It could of course be a relief rally with more downside selling pressure waiting in the wings a little further down the track. Either way we are still a long way down from the heady days of $48.00/oz.Read full article... Read full article...
Tuesday, February 26, 2013
Rusty Old Tin Can of Gold / Commodities / Gold and Silver 2013
By: Adrian_Ash
Gold has turned, apparently. Leveraged speculators in the futures market said so...
"To hoarders and speculators," says Time magazine, "gold lately has had about as much luster as a rusty tin can."
Rings true here in Feb. 2013. But this clanging bell - entitled The Great Gold Bust, and drowned out as a signal to fill your boots only by the New York Times' infamous Who Needs Gold When We Have Greenspan? of May 1999 - was rung back in Aug. 1976, right at the bottom of a 50% pullback in the 1970s' long bull market in gold.
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Tuesday, February 26, 2013
How to Play the Current Gold and Silver Bear Market / Commodities / Gold and Silver 2013
By: Casey_Research
Given the profoundly bearish sentiment that has gripped so many participants in the resource sector, particularly gold investors, we decided to poll the chief editors at Casey Research regarding the current sell-off. We recognize the severity of the situation and want readers to know we're taking it very seriously.
We also want readers to know that the "Casey consensus" is not a single view imposed on all, but the result of a constant conversation we have among ourselves, questioning our own premises, making sure we don't ignore new data if and when it contradicts our expectations. This is why some of the thoughts below will seem less positive than others; we see this sort of open discourse as a good and healthy thing for out business.
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Tuesday, February 26, 2013
Copper An Early Warning Sign for a Pullback in Stock Prices / Commodities / Copper
By: GrowthStockWire
Jeff Clark writes: Copper dropped 5% last week.
The metal has long been viewed as a leading indicator of stock prices. Investors should pay attention, because when copper catches a cold, the stock market gets the flu. And last week, copper sneezed...
Tuesday, February 26, 2013
Gold Rises and Renewed Euro-zone Contagion Concern After Italian Election / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,597.25, EUR 1,219.65 and GBP 1,052.07 per ounce. Yesterday’s AM fix was USD 1,592.50, EUR 1,201.89 and GBP 1,051.85 per ounce.
Silver is trading at $28.79/oz, €22.11/oz and £19.09/oz. Platinum is trading at $1,600.50/oz, palladium at $729.00/oz and rhodium at $1,200/oz.
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Tuesday, February 26, 2013
Inconclusive Italian Election Result Sparks Higher Gold Demand / Commodities / Gold and Silver 2013
By: Ben_Traynor
U.S. DOLLAR prices for buying gold rose briefly above $1600 per ounce Tuesday morning before falling back, while silver failed to hold above $29 an ounce and stock markets fell following the inconclusive Italian election result.
Italian markets were especially affected, with stocks and government bonds seeing sell-offs, while on the currency markets the Euro hovered near seven-week lows against the Dollar following yesterday's 2% drop.
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Tuesday, February 26, 2013
Australia Set for Largest Shale Oil Find of All Time / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: Over the past few days, I have released information on what could be the largest shale oil find ever recorded.
It's located in an area of Australia called the Arckaringa Basin and contains as much as 233 billion barrels (or more) of recoverable shale oil.
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Tuesday, February 26, 2013
The Coming Water Wars / Commodities / Water Sector
By: Alex_Daley
Water is not scarce. It is made up of the first and third most common elements in the universe, and the two readily react to form a highly stable compound that maintains its integrity even at temperature extremes.
Hydrologist Dr. Vincent Kotwicki, in his paper Water in the Universe, writes:
"Water appears to be one of the most abundant molecules in the Universe. It dominates the environment of the Earth and is a main constituent of numerous planets, moons and comets. On a far greater scale, it possibly contributes to the so-called 'missing mass' [i.e., dark matter] of the Universe and may initiate the birth of stars inside the giant molecular clouds."
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Tuesday, February 26, 2013
Test of Strength for Gold / Commodities / Gold and Silver 2013
By: Frank_Holmes
When investing in gold, I often say diverse opinions promote critical thinking and a healthy market. I believe elevated groups of buyers and sellers create a competitive tug-of-war in the bid and ask price of the precious metal.
Last week, we saw the gold bears growling louder and gaining strength, as the world's largest gold-backed ETF, the SPDR Gold Trust, experienced its largest one-day outflows since August 2011. The Fear Trade fled the sector following the Federal Reserve's meeting that revealed a growing dissension among some of its members over the central bank's bond-buying program.
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Monday, February 25, 2013
Gold Uptrend "Could See Significant Damage", Recent Falls "Largely Down to Futures Traders" / Commodities / Gold and Silver 2013
By: Ben_Traynor
U.S. DOLLAR gold prices climbed back above $1590 an ounce Monday morning, extending gains from Friday following sharp losses last week, while stock markets also rallied, although the FTSE 100 in London saw smaller gains that other European indexes following news of a downgrade to Britain's credit rating.
"Support [for gold] sits at $1522, the low from December 2011," says the latest technical analysis from Scotia Mocatta.
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Monday, February 25, 2013
Out of Control U.S. Government Spending Means It's Time to Hedge Against Inflation / Commodities / Inflation
By: Money_Morning
Jeff Uscher writes: Uncontrolled government spending could force the Fed to monetize the government's debt, creating runaway inflation, former Federal Reserve Governor Frederic Mishkin warned in a report.
If these circumstances were to occur, the Fed would be unable to do much, if anything, to control inflation, Mishkin said in the report, presented at a conference at the University of Chicago Booth School of Business.
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Monday, February 25, 2013
How to Invest in Graphene Miracle World Changing Material / Commodities / Graphene
By: Money_Morning
Want to know why everyone is asking how to invest in graphene?
For starters: It's one of the strongest materials ever known.
It's also as light as a feather. And completely flexible.
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Monday, February 25, 2013
Sterling Falls On UK Credit Ratings Downgrade, Gold In GBP 1.8% Higher YTD / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,592.50, EUR 1,201.89 and GBP 1,051.85 per ounce.
Friday’s AM fix was USD 1,580.00, EUR 1,196.15 and GBP 1,034.78 per ounce.
Silver is trading at $29.27/oz, €22.14/oz and £19.41/oz. Platinum is trading at $1,631.50/oz, palladium at $749.00/oz and rhodium at $1,175/oz.
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Monday, February 25, 2013
Gold and the Developed World in the Face of Massive Change in the Next Two Decades / Commodities / Gold and Silver 2013
By: Julian_DW_Phillips
In the last five years, we have seen the start of the decline of the developed world and the real impact of the economic rise of China on that world. What lies ahead? James Wolfensohn, the ex-president of the World Bank gave a short lecture in which he forecasts what the world's cash flows would be like in 2030:
Monday, February 25, 2013
AMEX Gold BUGS Index Chart and Analysis / Commodities / Gold and Silver 2013
By: David_Petch
The following article was posted one week ago with analysis of the AMEX Gold BUGS Index (HUI), except the chart has been updated. Below is the only Figure present in this update, with further explanations of what each coloured line represents. Potential outcomes for the HUI are examined, with the strongest being to the upside rather than downside. Upside targets are discussed and what must happen for them to be met.
Sunday, February 24, 2013
Takes Courage to buy Gold and Silver Here / Commodities / Gold and Silver 2013
By: Clive_Maund
There is now such an overwhelming array of technical evidence that the Precious Metals sector is forming a major bottom, that by the end of reading this update you will, or should unless you are stupid, understand why we now have no choice but to turn strongly and unequivocally bullish on the sector. Up until now we have had some reservations, but these have been swept away by the latest truly extraordinary data.
You may recall that in the last update posted on the 10th we called for a drop. As you won't need reminding, we got it. On its 7-month chart we can see that gold sliced straight through support at its early January bull hammer low and then dropped steeply into last Wednesday - Thursday, where a high volume selling climax occurred at a parallel trendline target. Gold is now quite deeply oversold, with many oscillators at extreme readings. This 7-month chart cannot provide the big picture of what is going on, only recent detail, so let's now move on to the longer-term charts.
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