Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, May 23, 2011
Bearish Outlook for Crude Oil / Commodities / Crude Oil
Last Wednesday we told subscribers that the day's upmove in WTI crude oil futures from $95 to $101 was not the start of a new upleg. We noted that the pattern exhibited on the daily chart since the May 7 at $94.63 to Wednesday's high at $100.99 resembled a bear flag formation much more than a significant bottom. It had the look of a digestion-consolidation pattern in the lower quadrant of the larger downleg from May 2's $113.97.
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Monday, May 23, 2011
China Prepares To Launch Gold ETFs / Commodities / Gold and Silver 2011
John Rolls Submits: Tyler Durden writes: Following Friday's news that China has now surpassed India as the world's largest buyer of gold, it is becoming increasingly obvious that the country is trying to capitalize on the popular interest in the precious metal by transferring the trading infrastructure away from US to domestic capital markets. First, it recently launched a 1 kilo gold futures contract on the HK Merc in an obvious attempt to undermine the Comex monopoly in the space, and next it seems that China has the GLD plain in its sights, as it plans to start exchange-traded funds, tapping rising demand in China, the world’s biggest investment market for the precious metal.
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Monday, May 23, 2011
China, Gold and Interest Rate Rises / Commodities / Gold and Silver 2011
China shows that gold demand need not be a victim of higher interest rates…
DOES THE demand for gold automatically fall if interest rates rise?
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Monday, May 23, 2011
Gold and Silver Still Consolidating / Commodities / Gold and Silver 2011
Update on Metals with David Morgan and Chris Vermeulen
Listen To What David and Chris have to say About gold and silver: Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals.
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Monday, May 23, 2011
Silver Panic Selling, Is it Possible to Have Panic Buying? / Commodities / Gold and Silver 2011
"Panic selling" is easy to understand and recognize: Investors rush to sell from the fear of loss. No more explanation necessary.
On the other hand, "panic buying" is not easy to see for what it is. The phrase seems to clash with itself. People commonly assume that "buying" involves rational choices by investors, who assess risk, calculate entry points, establish stops, etc.
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Monday, May 23, 2011
Gold and Silver, What Next? / Commodities / Gold and Silver 2011
Well, that was fun wasn't it gang? A huge drop in silver from $49.75 to the $32 ranges after 8 months of rallying from 19 to near 50. A 150% gain in Silver in eight Fibonacci months, sounds like a pretty overbought situation. Gold in the same time frame lagged badly, but all of that was predicted by me late last August due to the consolidating "B wave" in Silver that was preceding what I felt would be a "massive rally" in the metal. Quite simply I said, investors will view silver as "cheap" relative to Gold and they will buy it instead of gold. I realize that makes no logical sense, but since when are the herd behaviors ever logical?
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Monday, May 23, 2011
Asian Tiger Sinks Teeth Into Gold / Commodities / Gold and Silver 2011
The World Gold Council (WGC) released its quarterly “Gold Demand Trends” report last week and, as always, it was filled with fascinating data on the strength of the global gold market. Gold demand grew 11 percent to 981.3 tons during the first quarter of 2011, worth $43.7 billion at quarter-end’s price levels.
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Monday, May 23, 2011
Gold Bull Swings and Round Abouts / Commodities / Gold and Silver 2011
It has not been a comfortable May for a Gold Bull however we have stood our ground in a most constructive manner here at GoldOz. It is all about how much you understand and how you handle the swings and roundabouts. Your actions alone can either lower your wealth or increase it by providing added leverage when the market turns back in your favour. What I am saying is that these pull backs can be used to increase your grip on this market sector or you can squander the opportunity by doing nothing, or even worse you can sell on the dip and exit at the wrong time.
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Monday, May 23, 2011
Gold in Euros Sets New All-time Record As Greek Sovereign Debt Crisis Spreads / Commodities / Gold and Silver 2011
THE DOLLAR price to buy gold was trading in a tight range around $1510 per ounce on Monday morning London time – a 1% gain since the beginning of last week – as stocks and commodities fell after ratings agencies issued new warnings on Eurozone government debt.
Ruling parties in Spain and Germany, meanwhile, suffered local election defeats.
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Monday, May 23, 2011
Eurozone Debt Crisis Deepens Sending Euro Lower and Gold to New Record at EUR 1,080/oz / Commodities / Gold and Silver 2011
The euro, global equities and bonds in peripheral Eurozone countries are all lower this morning on heightened concerns about the debt crisis in the Eurozone. The euro has fallen against all currencies and is now at a record low against gold at EUR 1,080.21/oz. Silver is lower against most currencies but is higher against the Australian dollar and the euro ( EUR 24.80/oz).
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Monday, May 23, 2011
Gold Secular Bull Market Mania Phase 2011-2013 / Commodities / Gold and Silver 2011
I propose that the third and final phase of gold's secular bull since 2000 has begun in early 2011 and will end in 2013. I suggest that this third phase, a popular and parabolic mania, was announced by both silver's mega move January to April 2011 and the US Dollar's break beneath long term rising support, and will proceed to conclusion in a similar way to the last secular gold bull of the 1970s.
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Monday, May 23, 2011
Gold Always Ahead of Competition in All Times / Commodities / Gold and Silver 2011
Gold at all times has been the most reliable way to maintain savings. Currently, due to currency exchange rate fluctuations and unstable political system, gold continues to enjoy significant demand. In mid-April of 2011 the price of a troy ounce (31.3 grams) of the best-known precious metal exceeded $1,500.
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Sunday, May 22, 2011
Gold Going Parabolic This Summer / Commodities / Gold and Silver 2011
Why could gold go parabolic?
Prices for the yellow metal have recently suffered, along with silver from sudden investor retreat using rationales like inflation is beaten, the global economy is recovering and the US dollar is getting stronger. Against the overvalued euro, maybe, but against gold the US dollar, euro, yen and almost all other paper moneys only have one way to go: down.
Saturday, May 21, 2011
Flight to Gold and Silver Safety on Fears of Greece Debt Default / Commodities / Gold and Silver 2011
"We now know that there has been a dramatic reversal in world central bank thinking, and instead of selling gold as they have been doing, world central banks, on balance, are buying gold. We know that China, Russian and many Asian countries are urgently increasing their gold-to-reserves ratio.
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Saturday, May 21, 2011
Capitalize on Gold Stock Volatility / Commodities / Gold and Silver 2011
Junior mining is a people game. In this Gold Report exclusive, an excerpt from his speech at the Casey Research Conference, Global Resource Investments Founder Rick Rule advises going for the big wins by betting on the best teams with the best chances of discovery using a global counterintuitive approach.
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Saturday, May 21, 2011
Copper Stocks Gleaming in Gold's Glow / Commodities / Metals & Mining
Blinded by the glare of gold's rocketing rise over the last several years, investors may want to follow the leads of the Barricks, Thompson Creek Metals, Goldcorps and other major miners targeting the copper space, according to Kevin Puil, portfolio manager at Malcolm H. Gissen & Associates and senior analyst for its Encompass Fund. In this exclusive Gold Report interview, Kevin tells us that major gold miners increasingly want to diversify and are turning to the red metal on the opposite end of the economic spectrum.
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Friday, May 20, 2011
How to Buy Silver at 10% Off / Commodities / Gold and Silver 2011
Kevin Brekke, Casey Research writes: Inflation has certainly been all over the headlines lately. As the cost of basic materials and commodities has pretty much risen across the board, it was just a matter of time until this rise made its appearance on store shelves at a retailer near you. With prices at the pump squeezing motorists as well, the drive to the supermarket is as painful as watching your groceries being scanned at checkout.
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Friday, May 20, 2011
Gold GLD ETF on the Move / Commodities / Gold and Silver 2011
The SPDR Gold Shares (NYSE: GLD) is up 1.2% today, while the iShares Silver Trust (NYSE: SLV) circles unchanged. WTI Oil is down 0.9%, and the Dollar Index (DXY) is up 0.5%. Huh? Yes, something has goosed gold prices today despite an otherwise "unfriendly" surrounding market environment that is not particularly embracing risk ahead of the weekend.
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Friday, May 20, 2011
Gold Breakout or Breakdown, What’s Next? / Commodities / Gold and Silver 2011
The precious metals blogosphere was buzzing with the news that billionaire investor George Soros has sold most of his holdings in the bullion-backed SPDR Gold Trust (GLD) and iShares Gold Trust (IAU) in the first quarter of 2011. According to reports filed with the U.S. Securities and Exchange Commission, Soros bought shares of mining companies Goldcorp Inc. and Freeport-McMoRan Copper and Gold Inc. (FCX). All together Soros sold almost $800-million (U.S.) in gold.
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Friday, May 20, 2011
Commodities Risk Trade / Commodities / Commodities Trading
Commodities prices have been exceptionally volatile in recent weeks, with big daily rallies and plunges intermingled. Seemingly without rhyme or reason, commodities surge one day as traders crave riskier bets but then fall the next as they flee risk. While this commodities risk trade often looks capricious and schizophrenic, it actually has a logical and consistent driver. The state of the stock markets.
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