Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Friday, June 22, 2012

Silver Price Could Crash to $18 on Liquidation / Commodities / Gold and Silver 2012

By: Ben_Traynor

WHOLESALE MARKET gold prices traded as low as $1560 an ounce Friday morning, before recovering some ground by lunchtime in London, while European stock markets were also down and commodities were broadly flat.

Silver prices meantime sank to a 2012 low at $26.64 an ounce – a 7.2% drop on last week's close.
"We believe a break of $26.00 has the ability to trigger liquidation of silver with it looking for $18.00," says the latest technical analysis note from bullion bank Scotia Mocatta.

Friday, June 22, 2012

Central Bank Gold Manipulation “Steady As Ever” - Avoid “Paper Gold” / Commodities / Gold and Silver 2012

By: GoldCore

Today's AM fix was USD 1,571.50, EUR 1,251.79, and GBP 1,005.70 per ounce.
Yesterday’s AM fix was USD 1,600.00, EUR 1,261.43, and GBP 1,017.17 per ounce.

Silver is trading at $26.95/oz, €21.57/oz and £17.36/oz. Platinum is trading at $1,438.50/oz, palladium at $603.60/oz and rhodium at $1,215/oz.

Friday, June 22, 2012

Gold Summer Lows At Hand? / Commodities / Gold and Silver 2012

By: Aden_Forecast

In a key turnaround, gold bounced up from its December lows this month on fresh safe haven buying as QE3 possibilities came back to the table.

The psychological $1600 level was quickly surpassed. This is essentially the level that will determine if 2012 ends up being the 12th consecutive up year for gold.

Thursday, June 21, 2012

Is Natural Gas the Next Big Thing? / Commodities / Natural Gas

By: EWI

Natural gas rallied 40% in the last two months. Is the cleaner alternative to crude oil braced for another big move to the upside?

EWI's Senior Analyst Jeffrey Kennedy joins Yahoo! Finance Breakout host Jeff Macke to offer his take on what's in store for the market that has plagued long-term investors since falling over 80% from its 2005 highs. Kennedy takes viewers through the technicals and offers his long- and short-term forecasts for the market.

Thursday, June 21, 2012

Gold, Crude Oil And The CRB Index Approaching Final Bottom / Commodities / Commodities Trading

By: Toby_Connor

June has been the month of major bottoms. Stocks and gold have already formed major yearly cycle lows. Now it's the CRB's turn to put in a major three year cycle bottom. This bottom will almost certainly form well above the 2009 low, establishing a pattern of higher lows and setting up for what I believe will be an extreme inflationary scenario over the next two years, culminating in a parabolic spike much higher than the one in 2008.

Thursday, June 21, 2012

Gold Still At Risk of a Large Down Move Before Rallying / Commodities / Gold and Silver 2012

By: David_Banister

Gold has been busy consolidating in what I believe will be a 13 Fibonacci month Primary wave 4 correction.  The Gold bull market I’ve been following since 2001 is a likely 13 year bull cycle that will end in 2013 or 2014 depending on how you count.  This current correction pattern is working off a 34 Fibonacci month rally that took Gold from 681 to 1923 at its ultimate highs.  Last fall I warned about the parabolic run likely ending in the 1908 ranges and for investors to position themselves accordingly.

Thursday, June 21, 2012

Gold Hits Post-Fed Low, But Supported by Central Bank Buying Supports / Commodities / Gold and Silver 2012

By: Adrian_Ash

The WHOLESALE MARKET gold price fell further Thursday in London, falling hard to 8-session lows at $1587 per ounce following last night's "no change" decision from the Federal Reserve on new US quantitative easing.

Major-government bond prices pushed higher, but the Euro currency retreated, down nearly 1¢ from its post-Fed high to trade back down at $1.2650.

Thursday, June 21, 2012

Gold and Silver Price On the Verge of a Huge Move! / Commodities / Gold and Silver 2012

By: Chris_Vermeulen

Gold and silver have taken more of a back seat over the past 12 months because of their lack of performance after topping out in 2011. Since then prices have been trading sideways/lower with declining volume. The price action is actually very bullish from a technical standpoint. My chart analysis and forward looking forecasts show $3,000ish for gold and $90ish for silver in the next 18-24 months.

Thursday, June 21, 2012

Gold: The Next Global Reserve Currency / Commodities / Gold and Silver 2012

By: Barry_Elias

Gold is on a path to become the next global reserve currency.

A macroscopic perspective of our global economy suggests the world’s financial crisis was caused by an inordinate accumulation of debt relative to GDP.

Thursday, June 21, 2012

Gold Becomes a Tier 1 Asset Class for Banks / Commodities / Gold and Silver 2012

By: Vin_Maru

Misdirection by MSM as Gold Moves Towards The Banking System

Despite what the Main Stream Media (MSM) or “Financial Pundits” tell you, the gold bull market is far from over.  In fact, it is just starting, in our opinion.  While the misdirected financial world tell you that gold is in a bubble and it has burst, the central bankers and government organizations all know it is far from over.  In fact, gold is moving towards the banking system and not away from it.  We all know that many central banks are now net buyers of gold and their holdings are increasing as their need to diversify away from risky assets and foreign bonds only grows.

Wednesday, June 20, 2012

Oil Price Differentials: Caught Between the Sands and the Pipelines / Commodities / Crude Oil

By: Marin_Katusa

Marin Katusa, Casey Research writes: One of oil's most important characteristics is its fungibility, which means that a barrel of refined oil from Texas is equivalent to one from Saudi Arabia or Nigeria or anywhere else in the world. The global oil machine is built upon this premise – tankers take oil wherever it is needed, and one country pays almost the same as the next for this valuable commodity.

Wednesday, June 20, 2012

Is There A Fair Market Price For European Energy? / Commodities / Energy Resources

By: Andrew_McKillop

The coming of "energy market liberalization" in Europe was a slow and cumbersome, top down process which started in the 1980s, surfing on the Neoliberal wave launched by the Thatcher-Reagan duo, but EML was not a Commission buzzword until well into the 1990s. Today it is everywhere - now called EMR or energy market regulation, that is de-regulation - and not only private consumers, but industrial users are beginning to say no because they fear a chaotic, high priced energy future.

Wednesday, June 20, 2012

Gold Stocks, How Undervalued? / Commodities / Gold & Silver Stocks

By: Neil_Charnock

This article is really about potential energy. The coming gold stock mania is gathering essential potential ahead of the most exciting capital growth opportunity we may witness in our lifetimes. As if this was not valuable enough, it will occur as other assets continue to devalue. This is the role of gold for investors in a crisis. For the banks it may well assist them to regain confidence once it is completely lost.

Wednesday, June 20, 2012

Gold at Increasing Risks of Following Broad Market Lower / Commodities / Gold and Silver 2012

By: Clive_Maund

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.

Wednesday, June 20, 2012

Greek Election Result Fails to Help Silver / Commodities / Gold and Silver 2012

By: Clive_Maund

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.

Wednesday, June 20, 2012

Japan and U.S. Give Green-light To Nuclear Power, Uranerz Uranium Miner / Commodities / Uranium

By: Jeb_Handwerger

Stealthily and without much publicity from the media, developments in the nuclear industry are moving ahead. While the Western nations are beset by their own economic problems they continue to dither about the very source of cheap, inexpensive industrial energy namely the uranium miners.

Tuesday, June 19, 2012

Rising Eurozone Yields Will Push Gold Towards the Monetary System / Commodities / Gold and Silver 2012

By: Simit_Patel

A trend I've been focusing on lately are the signs we are seeing of gold returning to the monetary system. Consider the signs:

1. Central banks continue to increase their purchases of gold, having become net accumulators of gold since 2009. The central bank of Kazakhstan purports to have 20% of its reserves in gold.
2. Banking standards from Basel III, an international banking institution, may be changing so as to give banks that hold gold a higher score.
3. The European Redemption Pact, an agreement to consolidate excess debt in the Eurozone, is allegedly discussing the idea of issuing Eurobonds that would be partially backed by gold.
4. In the United States, states like Utah are moving to restore gold's status as an officially recognized form of money.

Tuesday, June 19, 2012

FOMC Influencing Gold More Than Eurozone / Commodities / Gold and Silver 2012

By: Ben_Traynor

THE U.S. DOLLAR gold price hovered around $1630 an ounce during Tuesday morning's trading in London – in line with where it ended last week – while stocks and commodities were also broadly flat ahead of the latest Federal Reserve policy meeting.

The silver price traded in a tight range just below $29 an ounce – 1.7% up on Monday's low.

Tuesday, June 19, 2012

Gold Price More Than 50% Below Real Record High Of 32 Years Ago / Commodities / Gold and Silver 2012

By: GoldCore

Today's AM fix was USD 1,628.50, EUR 1,291.74, and GBP 1,040.31 per ounce. Yesterday’s AM fix was USD 1,623.50, EUR 1,284.52, and GBP 1,035.20 per ounce.

Silver is trading at $28.87/oz, €22.96/oz and £18.49/oz. Platinum is trading at $1,492.00/oz, palladium at $628.70/oz and rhodium at $1,215/oz.

Tuesday, June 19, 2012

Gold Stocks Comparing the 2012 Bottom to Past Bottoms / Commodities / Gold & Silver Stocks

By: Jordan_Roy_Byrne

Mark Twain said that history doesn't repeat itself but it rhymes. This is also true in the markets. No bull or bear market or particular event is ever the same. Yet, because there are similarities, the prudent analyst always studies history. When trying to foresee bottoms and tops we always compare current conditions (price action, sentiment, fundamentals) to past conditions. We continue to believe that the recent bottom in precious metals markets falls into a group of major bottoms that includes 2000-2001, 2005 and 2008. In today's piece we examine how these markets evolve following such bottoms which hopefully can give us an idea of what to expect in the coming weeks and months.