Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, July 19, 2012
Is Your Gold Bullion Safe? False Sense of Security for ETF Investors / Commodities / Gold and Silver 2012
Worldwide economic uncertainty has created a growing interest in precious metals as a way to preserve wealth. Today, global risks for investors include currency devaluation, sovereign debt defaults, bond market collapses and stock market losses, all underpinned by ever-increasing government debt.
For protection from impending economic Armageddon, investors are turning in increasing numbers to the traditional safe haven of precious metals. Unfortunately, many today don't know how to purchase or store bullion, and consequently may find themselves as vulnerable to financial collapse as those who didn't purchase any bullion at all.
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Thursday, July 19, 2012
Can Gold's Luster Be Restored This Summer? / Commodities / Gold and Silver 2012
The summer has been a dizzying one for commodities. The last four weeks have witnessed the price of corn soaring toward an all-time high due to withering heat in the Corn Belt states. At the same time, this weather-driven bull market in the grain market, as well as the recent oil price rally, has left investors wondering if this summer might finally be gold's time to shine.
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Thursday, July 19, 2012
Gold Seasonal Recycling / Commodities / Gold and Silver 2012
Even paying July/August's top price for gold has averaged 5.1% returns by New Year's since 1968...
IT'S A HARDY perennial for anyone studying the gold market. And with the British summer being more like November this year, very hardy perennials are just what is needed.
Wednesday, July 18, 2012
Whatever Happened to $200 Crude Oil? / Commodities / Crude Oil
Jeff Rubin, former chief economist with Canadian bank CIBC, is very well known for his predictions of exponentially increasing oil prices (see for instance this 2009 lecture). Mr Rubin’s position was that prices would continue their rise due to a confluence of circumstances - that conventional supplies have peaked, that unconventional sources are expensive to produce and that demand would continue to grow with the energy requirement inherent in expanding global trade.
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Wednesday, July 18, 2012
How Gold Will be Made Acceptable by the Powers that Be / Commodities / Gold and Silver 2012
The critical requirements of gold's return to the monetary system are twofold:
- It must easily dovetail into the current monetary system.
- It must provide a workable application, right down to consumer level.
Wednesday, July 18, 2012
Gold 'Game Changer' as UK New Regulation Favours Gold / Commodities / Gold and Silver 2012
Today's AM fix was USD 1,579.50, EUR 1,288.65, and GBP 1,012.57 per ounce.
Yesterday’s AM fix was USD 1,595.00, EUR 1,296.85 and GBP 1,020.47 per ounce.
Silver is trading at $27.09/oz, €22.23/oz and £17.43/oz. Platinum is trading at $1,415.75/oz, palladium at $574.18/oz and rhodium at $1,190/oz.
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Wednesday, July 18, 2012
Gold "Saddled with Uncertainty" Over QE / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold prices ticked lower Wednesday morning in London, dropping below $1580 an ounce, while stock markets and commodities were broadly flat and US Treasuries gained, as markets continued to digest yesterday's testimony to Congress by Federal Reserve chairman Ben Bernanke.
Like gold, silver prices also eased, falling as low as $27.04 an ounce in Wednesday morning's London trading.
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Wednesday, July 18, 2012
Why Gas Prices are Heading Higher / Commodities / Gas - Petrol
Dr. Kent Moors writes: With "Big Ben" testifying over the next two days on Capitol Hill, the indices will be bouncing around.
I always find it curious that the same Street urchins who criticize government for interfering in the "free market" are nonetheless the same ones pouting in the corner when the Fed doesn't propose a new bailout to improve their portfolio values.
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Wednesday, July 18, 2012
The Potential for Gold Stocks in 2013-2014 / Commodities / Gold & Silver Stocks
There are two drivers of stock prices: valuation and earnings. Valuations are very much driven by investor sentiment while earnings are driven by revenue and margins. In recent months we've devoted some time to the three phases of a bull market. These are the stealth phase, wall of worry phase and participation or bubble phase. Earnings rise in each stage while valuations only increase in the first and last phase. The average gold producer has made no net progress in five or six years because the average valuation has declined considerably. Going forward, this means opportunity.
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Wednesday, July 18, 2012
Gold and Silver Investors Rotating Into Undervalued Junior Explorers / Commodities / Gold & Silver Stocks
The rule of the casino emphasizes that in order for one to be right in the market, the consensus has to believe that you are wrong. The majority goes home empty handed while the few emerge winners. Today there is extreme volatility, nevertheless the few players emerge as winners despite the daily ups and downs.
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Tuesday, July 17, 2012
Dear Gold, Thanks for the Diversification / Commodities / Gold and Silver 2012
In these pages we regularly mention the unique attributes of gold bullion investment, and how gold is able to diversify a portfolio like nothing else. We’ve cited a gold investment’s role in Harry Browne’s legendary Permanent Portfolio, the role gold has played in Jim Rogers’ stellar investment record, and why Swiss bankers and traditional money managers always steered clients to put >10% into gold bullion.
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Tuesday, July 17, 2012
Marc Faber Says Gold Is Oversold / Commodities / Gold and Silver 2012
Today's AM fix was USD 1,595.00, EUR 1,296.85, and GBP 1,020.47 per ounce.
Yesterday’s AM fix was USD 1,584.00, EUR 1,300.17 and GBP 1,020.68 per ounce.
Silver is trading at $27.36/oz, €22.38/oz and £17.59/oz. Platinum is trading at $1,423.00/oz, palladium at $580.40/oz and rhodium at $1,190/oz.
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Tuesday, July 17, 2012
Nat Gas Ready To Pop? / Commodities / Natural Gas
Nat gas (UNG) has recently caught my attention. While it was in a significant downtrend for the better part of a year it has recently been consolidating right under the $20 level. A look at the daily chart shows a long move down and then recently a sideways consolidation pattern. While this is typically a continuation pattern I am beginning to believe think that the next move may be up rather than an extension of the previous down trend.
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Tuesday, July 17, 2012
Central Bank Alchemists Attempting to Turn Paper Into Gold / Commodities / Gold and Silver 2012
In today's Outside the Box, the ever-philosophical Grant Williams introduces us to the ancient and profound art and science of alchemy – "the original 12-step program," as he calls it, the avid pursuit of übernerds from Hermes Trismegistus to Isaac Newton to (believe it or not) John Maynard Keynes, who referred to certain early works of econometrics as statistical alchemy (and some still are!). And we should not forget Carl Jung, who wrote the seminal work Psychology and Alchemy (for those who do not sleep or are looking for something to put you to sleep: http://en.wikipedia.org/wiki/Psychology_and_Alchemy).
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Tuesday, July 17, 2012
Are Crude Oil Prices Also Manipulated Like LIBOR? / Commodities / Crude Oil
A critical report commissioned by the G20 group of the world's biggest economies has warned oil prices could be vulnerable to a LIBOR-style rigging scandal. The G20 study conducted by the Madrid-based International Organisation of Securities Commissions (IOSCO) has found that the current system of oil price reporting is "susceptible to manipulation or distortion". The report for global finance ministers states that:
1. Bank traders;
2. Oil companies; and
3. Hedge funds
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Tuesday, July 17, 2012
Authorities Give Gold Price Another Leg Up / Commodities / Gold and Silver 2012
We have written in these pages before about the financial authorities giving gold a helping hand, sometimes with their short sited policy actions. Freezing Iran out of the payments system so she settles exchange in other forms with her trading partners, and allowing gold to move back to the heart of the banking system, are two good examples.
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Tuesday, July 17, 2012
A Historic Investing Window of Opportunity In Mongolia Emerging Market / Commodities / Emerging Markets
Investor fears about mining stocks are misplaced, says James Passin, a hedge fund manager with New York-based Firebird Management, especially if those companies are mining in Mongolia. Firebird manages a portfolio of private equity funds that invest in Mongolia, one of the fastest growing economies with some of the most extensive, untapped resources in the world. The country is already home to the largest copper deposit and in this exclusive Gold Report interview, Passin explains why there is potential for dozens more similar finds.
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Tuesday, July 17, 2012
Pitfalls of Silver Price Technical Analysis / Commodities / Gold and Silver 2012
Technical analysis of the financial and commodity markets has been used effectively by traders to analyze price movements of commodities and stocks for hundreds of years. Despite being one of the most effective methods for forecasting future price movements, technical analysis can break down and give conflicting signals when certain events occur.
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Monday, July 16, 2012
Gold Market Nervous and Thin Ahead of Bernanke Testimony / Commodities / Gold and Silver 2012
THE DOLLAR cost of buying gold fell to $1583 an ounce during Monday morning's London trading, in line with where last week's range, while European stock markets also edged lower and US Treasury bonds gained, with markets focused on Federal Reserve chairman Ben Bernanke's testimony before Congress tomorrow.
Prices to buy silver fell to $27.11 per ounce – nearly 1% off last week's close – as other industrial commodities also ticked lower.
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Monday, July 16, 2012
Gold Swap Dealers Go Net Long For Only Third Time / Commodities / Gold and Silver 2012
Today's AM fix was USD 1584.00, EUR 1300.17 and GBP 1020.68 per ounce.
Friday’s AM fix was USD 1579.00, EUR 1294.05 and GBP 1022.34 per ounce.
Gold rose by $16.30 or 1.2% in New York on Friday to end the week 0.8% higher at $1,588/oz.
Silver rose 8 cents to close at $27.25/oz – a gain of 0.52% on the week.