Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, July 05, 2011
Rise of the Barter Economy / Commodities / Gold and Silver 2011
By: Peter_Schiff
Imagine a day when you go to buy a quart of milk, ask the price, and the cashier says, "that'll be a tenth ounce silver." As the US dollar's decline accelerates, several efforts around the country are trying to make this vision a reality.
Historically, paying for items in silver or gold was actually quite common. We happen to live in an unusual time and place where generations have grown up trading exclusively in paper. While my parents still used dimes made of silver, we have now gone several decades with no precious metals in any of our official coinage. But this system of money by government fiat is unsustainable.
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Tuesday, July 05, 2011
Asian Bargain Hunters Boost Gold Price / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE WHOLESALE market price to buy gold climbed to $1505 an ounce Tuesday morning London time – 1.2% up on last Friday's close – while stocks, commodities and US Treasury bonds also gained after yesterday's Independence Day holiday in the US.
"Bargain hunting [has] helped the metal rebound from its low on Friday," notes Swiss precious metals refiner MKS.
Tuesday, July 05, 2011
Gold Price Should Double / Commodities / Gold and Silver 2011
By: Tony_Caldaro
While the potential for a continued extension of Major wave 3, of Primary V, did not pan out: http://caldaro.wordpress.com/.... The primary count, an Intermediate wave B rally, did. Gold is now in a downtrend and still correcting in Major wave 4, after completing a Major wave 3 high at $1563 in late April.
Tuesday, July 05, 2011
Gold Targets $1,800/oz on Seasonal Strength and Deepening Eurozone and U.S. Debt Crisis / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,504.13/oz, €1,039.34/oz and £933.89/oz.
Gold is higher today and showing particular strength against the euro and the Japanese yen. The relief rally seen in equities since the latest Greek ‘bailout’ is under pressure as S&P have said the debt rollover proposal would be a “selective default”. The ECB may selectively reject the S&P Greek downgrade and arbitrarily select the best credit rating being offered.
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Tuesday, July 05, 2011
Gold Price Downside Limited / Commodities / Gold and Silver 2011
By: Bob_Kirtley
Despite some calling for an explosive summer rally in gold, prices fell again this week on the back of easing concerns over Greek sovereign debt as the Greek parliament successfully passed the austerity legislation required to access additional bailout funds. This was due to the erosion of what we call gold's "Eurozone Debt Crisis Premium" and, as explained in our article last week; gold prices were not likely to rally in any sustainable manner. However the question is where are gold prices heading from now and how should one go about trading or investing in this environment.
Monday, July 04, 2011
Corn Price Gets Creamed / Commodities / Agricultural Commodities
By: Douglas_French
Corn prices took a two-day shellacking last week, settling under $6 a bushel for the first time since last December. Traders were caught wrong-footed, expecting wet weather to have slowed corn planting.
Weather didn't get in the way of economics. The US Department of Agriculture said last week that surveys conducted during the first two weeks of last month found farmers had planted 92.3 million acres of corn, the second most since World War II after 93.5 million acres in 2007.
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Monday, July 04, 2011
Gold Rallies as Greeks Lose Sovereignty for Eurozone Expertise / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE WHOLESALE market price of gold bullion rose to just under $1497 per ounce Monday morning in London – 0.7% up on last week's close – before easing back around lunchtime.Stock markets gained and commodities were mixed after news that a plan to roll over Greek sovereign debt could be declared a default.
Monday, July 04, 2011
Mysterious Hidden Hand That Manipulates the Crude Oil Price / Commodities / Crude Oil
By: Andrew_Butter
First impressions it looks suspiciously like the bold experiment to strut the power of USA as a player in the oil-price conundrum; looks set to be about as successful as the $4.7 trillion campaign to achieve, I still didn’t figure out quite what, in Iraq and Afghanistan….err…and perhaps Libya?
Monday, July 04, 2011
Crude Oil Price Could Double / Commodities / Crude Oil
By: Tony_Caldaro
We have not written anything about the bull market in Crude since November. And that piece was more directed toward Natual Gas, which continues to drift along with a slight upward bias. We are not going to get into the fundamentals that are driving Crude prices higher; i.e. peak oil, quantitative easing, tax issues and simply growing energy demand from the emerging economies. This is more of a technical report using the principles of OEW with price and cycle analysis.
Sunday, July 03, 2011
Gold Continues to Target a Downtrend to $1400 / Commodities / Gold and Silver 2011
By: Merv_Burak
So far the head and shoulder pattern in gold, highlighted here for the past couple of weeks, is acting right on schedule. If all continues to perform as expected then we are heading towards the $1400 area. BUT seldom do things go as expected. Go with the flow but always be prepared for the unexpected.
Sunday, July 03, 2011
Global Steel Demand Continues to Rise / Commodities / Steel Sector
By: Anthony_David
Massive infrastructure growth in the developing nations and a more modest growth in developed nations promise to push global steel demand by 6.5–7% this year. Lakshmi Mittal, the chief executive of ArcelorMittal recently said that the demand for steel is expected to continue rising in 2011. In 2010, global steel demand rose by 10% from 2009 levels and touched a record high of 1.4 billion tons.
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Sunday, July 03, 2011
Got Physical Silver? / Commodities / Gold and Silver 2011
By: Anthony_David
According to the annual report released by metals consultancy GFMS Limited for The Silver Institute, the annual industrial demand for silver will grow from about 487.4 million ounces recorded in 2010 to 665.9 million ounces in 2015. While emerging technologies are expected to contribute significantly to this demand, it is apparent that established uses will still be the major demand driver.
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Sunday, July 03, 2011
Getting Used to Life without Food, Wall Street, BP, Bio-ethanol and Death of Millions / Commodities / Food Crisis
By: F_William_Engdahl
My late grandfather, a man of sturdy Norwegian-American farm stock, who later became a newspaper editor and political activist during the First World War, used to say, 'A man can get used to pretty much anything with time, except dying...and even that with some practice.' Well, as fate has it, it seems we, the vast majority of the human race, are about to test that adage in regard to the availability of our daily bread itself.
Food is one of those funny things it's hard to live without. We all tend to take it for granted that our local supermarket will continue to offer whatever we wish, in abundance, at affordable prices or nearly so. Yet living without adequate food is the growing prospect facing hundreds of millions, if not billions, of us over the coming years.
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Saturday, July 02, 2011
Gold and Silver Investors, Don't Underestimate The Chinese / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
Premier Wen Jiabao has just completed a tour of Europe. When you listen to the media, they will inform you of the benefits to the countries visited, but there is another agenda that is not highlighted. Look at what is happening in China -- gold markets and the activities of the central bank in that market -- and a very clear picture emerges of what is likely to happen with gold as China moves towards its prime objectives.
Saturday, July 02, 2011
Gold and Silver Stocks Form Positive Divergence / Commodities / Gold and Silver 2011
By: Jordan_Roy_Byrne
It's often said that commodity shares should lead the actual commodities. While this isn't always the case, it often is at market turning points. Months back we noted the relative weakness in Gold and Silver shares and deemed it a reason for caution. It took more than a few weeks but our caution was vindicated as Gold and Silver shares fell more than 20% in April and May. Now we are seeing the reverse which should delight gold bugs and gold bulls alike.
Saturday, July 02, 2011
Gold and Silver Crossing Halfway on an Annual Race / Commodities / Gold and Silver 2011
By: Przemyslaw_Radomski
The first half of 2011 is over. With the summer solstice just behind us we would like to review the first half of 2011 and look at what is ahead. Last year gold gained 26%, its third double-digit gain of the last four years. So far this year has been choppy. The yellow metal has risen 19.5 per cent this year to trade at about $1,500 a troy ounce buoyed by the emergence of sovereign debt concerns in the US as well as Eurozone debt woes. Since 2011 has begun, gold prices got hit with double-digit selloffs and rallies. The common culprit is the so-called “rebalancing", which is when traders who bought gold at the end of the year to show they owned it, dumped it in 2011 to take a profit. The same traders jumped back into the gold trade in February and March as violence exploded throughout the Middle East and North Africa region and Japan contended with its worst disaster since World War II.
Friday, July 01, 2011
Gold Global Supply / Commodities / Gold and Silver 2011
By: Zeal_LLC
Considering gold’s outstanding fundamentals, it’s no surprise that demand has stayed strong a decade into its bull. And with demand only expected to strengthen in the years to come, a lot of weight rests on the shoulders of gold’s suppliers.
In order for this yellow metal to find an economic balance, consumers rely on a supply chain that had been quite consistent over the years. The major supply sources of mine production, recycling, and central-bank sales had worked in symphony to meet demand. Unfortunately over the course of gold’s bull this supply chain has grown increasingly inconsistent and unreliable, with these sources exhibiting extreme volatility.
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Friday, July 01, 2011
U.S. Dollar Collapse? Euro Crisis? Both, says Gold / Commodities / Gold and Silver 2011
By: Adrian_Ash
The gap between gold in dollars vs other currencies has widened...
MANY factors determine the gold price – some transient, some more sustained.
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Friday, July 01, 2011
Gold Ends Up Against US Dollar, Down Against Euro, Debt Ceiling Row turns Constitutional / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE U.S. DOLLAR spot price of gold bullion slumped to a one-month low of $1489 per ounce Friday morning London time – 5.5% down on May's all-time high – as stocks gained and commodities fell.
US newspapers meantime reported Friday that the very existence of a US federal debt ceiling may be unconstitutional.
Friday, July 01, 2011
Gold Lower as Market Embraces Risk Again, Chinese Inflation Still a Worry / Commodities / Gold and Silver 2011
By: GoldCore
Gold lost ground yesterday and is weak again this morning. The risk trade gathered strength as traders took a bullish view on the global outlook. Greek progress outweighed concerns over China's slow down in manufacturing, as represented by the Chinese Purchasing Managers Index's lowest number in 20 months. Continuing inflation concerns across Asia are prompting central banks to engage in monetary tightening. China's inflation is still uncomfortably high, standing tall at 5.5%, which exceeds official targets of 4% by a considerable margin. Oil is lower at $94.35. compressed by lower Chinese demand.
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