Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, November 04, 2010
Gold’s Toxic Noose Is Untied: Next Crude Oil $150 / Commodities / Crude Oil
Even a Gold Sceptic can go along with the idea that Ron Paul could buy a smart outfit with one ounce of gold in 1920 (including shoes), and that’s how much he would need in 2010.
Although by that marker he would have needed four ounces in 2007, given that the sort of tailors that Ron frequents have slashed their prices in half; and the price of gold has doubled. But that’s just splitting hairs…Big Picture, it’s not a bad storyline, and the message is that gold holds value, regardless of how insane governments get.
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Thursday, November 04, 2010
Gold Jumps $50 in 21 Hours as Fed Devalues the Dollar with $600bn QE2 / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing leapt at the start of US trading on Thursday, extending an overnight rise to within 0.5% of last month's record highs – and gaining $50 per ounce inside 21 hours – as the US Dollar sank in response to the Federal Reserve's hotly-anticipated "QEII" asset purchase program.
"Currency devaluation remains firmly en vogue," said one London bullion dealer this morning.
Thursday, November 04, 2010
Gold Higher as Risk of Competitive Currency Devaluation and Debasement Underestimated / Commodities / Gold and Silver 2010
Gold fell initially after the QE2 announcement yesterday prior to recovering and it then rose steadily in after hours Asian and again in early European trading. Gold has risen to $1,362/oz due to the dollar falling and oil and commodities rising significantly in the aftermath of the announcement of the new $600 billion of quantitative easing.
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Thursday, November 04, 2010
Gold Inflation Hedge Tripled During World Deflation Template / Commodities / Gold and Silver 2010
How the one-trick "inflation hedge" more than trebled amid the modern world's template deflation...
LET'S IMAGINE the central bankers are right.
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Thursday, November 04, 2010
Junior Gold Miners Becoming Attractive Takeover Targets / Commodities / Gold and Silver 2010
There have been some exciting mergers and acquisitions (M&As) within the junior mining sector over the past few months. As gold and silver settle from the previous move, many projects will be rerated and acquired by majors that are struggling with decreasing resources. I believe the industry is undergoing consolidation and we are seeing the beginning of a major international race to control future gold and silver ounces in the ground. The bull market in gold and silver is intact and, though we may see some short-term pullbacks in bullion prices, the junior mining sector will continue to outperform.
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Wednesday, November 03, 2010
Silver Breaks Out From Price Manipulation, The Gains Will be Breath Taking / Commodities / Gold and Silver 2010
A love affair with silver is so natural. The fundamentals are astoundingly positive and bullish in price prospects. My basic argument has been repeated many times. Industry has countless uses for silver, significant demand. But industry has only miniscule isolated uses for gold, in trivial demand. So silver wins on the Demand side of the equation. Central banks own a huge amount of gold. They frequently sell it, even through their slippery surrogate the Intl Monetary Fund. Central banks own zero silver. So silver wins on the Supply side of the equation.
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Wednesday, November 03, 2010
Numerology Forecasts For Gold, Silver, HUI, Crude Oil and USD / Commodities / Commodities Trading
Price Objectives per The Rule of Seven
There appears to be no rhyme nor reason to The Rule of Seven (*), which was first described in detail in the book, "TECHNIQUES OF A PROFESSIONAL COMMODITY CHART ANALYST."
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Wednesday, November 03, 2010
Silver...Silver...Silver....'More on the Case of Silver' / Commodities / Gold and Silver 2010
David Galland, Managing Director, Casey Research writes: Last month gold broke into new record territory – reaching an all-time high of $1,387 on October 14.
A new record in nominal terms, that is. To top the previous high in inflation-adjusted dollars, gold will have to approximately double from there.
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Wednesday, November 03, 2010
Why Investing in Gold Will Save Your Butt / Commodities / Gold and Silver 2010
When I got back to the office, the place was abuzz, all stemming from how my boss wanted to "see me" as soon as I got back from wherever the hell I was. I knew what it was about. It was about old man Sanderson and the stupid Sanderson account.
The problem was that I had just seen the Britebart.tv video of the megalomaniacal and totally incompetent Harry Reid, Congressional Representative from Nevada and doofus extraordinaire, saying, "But for me, we'd be in a worldwide depression."
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Wednesday, November 03, 2010
If You Haven't Bought Silver Yet, Read This / Commodities / Gold and Silver 2010
Chris Weber writes: The last time I was able to identify a period when a precious metals correction was about over happened two years ago...
At that time, gold hit a low of $693 and silver $9.63. Since then, gold has risen over 40%, but silver has soared 158%. This is an extraordinary occurrence in just two years.
Wednesday, November 03, 2010
Gold Hits Volatility, Silver Hits $25, Ahead of Fed's "Dangerous Gamble with Global Economy" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD was volatile in a widening price-range on Wednesday morning in London, whipping between $1353 and $1364 per ounce ahead of the Federal Reserve's widely-expected relaunch of quantitative easing, aka QEII.
World stock markets traded higher as the US Dollar fell, and major-economy government bonds also rose in price, nudging 10-year US Treasury yields down to 2.55%.
Wednesday, November 03, 2010
Gold Positive QE2, Sovereign Debt and Chinese Demand Projected to Double in a Decade / Commodities / Gold and Silver 2010
Gold and silver rose again yesterday with silver reaching a new nominal 30 year high. Both are higher in trading today as markets await concrete data regarding the scale of the second phase of quantitative easing. QE2 may already be priced into the markets but a smaller than expected figure could see money come off the table. A higher than expected figure could see further gains in all markets and further increase the risk of asset bubbles.
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Tuesday, November 02, 2010
The Changing Landscape in Gold and Silver / Commodities / Gold and Silver 2010
Whereas the apparent robust performance of major indices around the world suggests the world is returning to something approaching normal, what we’re really seeing is a long line of traps being set to snag a fresh round of suckers who fall for the mainstream smokescreen. With another US$1 Trillion on the way from the Fed to further devalue the dollar, and with other nations thereby comforted sufficiently to follow suit, gold and silver prices can do naught but rise.
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Tuesday, November 02, 2010
I.M.F. Gold Sales Completion Will Lower Supplies of Gold / Commodities / Gold and Silver 2010
The I.M.F. announced that 32 tonnes of gold was sold by them in September. This included the 10 tonnes to Bangladesh. This leaves around 71 tonnes left to go and we have passed October now. If they sold a similar amount in October then we are down to just below 40 tonnes remaining for sale by the I.M.F. If they continue this pace of selling they will only be left with less than 10 tonnes to sell in December and will complete their sales before the end of this year.
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Tuesday, November 02, 2010
Gold Slips Amid Critical Week as Emerging Markets & US Investors Fear "Credibly Reckless" Fed / Commodities / Gold and Silver 2010
THE PRICE OF GOLD retreated from an overnight rally to $1360 an ounce in London on Tuesday lunchtime, slipping back as European stock markets rose for the second day running.
The Euro jumped above $1.40 on the currency market following stronger-than-expected German manufacturing data.
Tuesday, November 02, 2010
Gold Rises on Concerns that QE2 Will Create Virulent Inflation or Stagflation / Commodities / Gold and Silver 2010
Gold prices are higher today as the dollar is again under pressure ahead of the US elections and the Federal Reserve's decision regarding the scale of QE2. Oil prices above $83 a barrel is supporting gold and oil prices are up 9% in the last 30 days which will contribute to increasing inflation pressures.
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Tuesday, November 02, 2010
BHP Abandonment of Joint Venture Benefits Chinese / Commodities / Metals & Mining
The fate of the proposed $116 billion Pilbara iron ore joint venture between global mining giants BHP Billiton and Rio Tinto has finally been sealed, 16 months after the proposal was first announced. In view of the increasing possibility of not obtaining the necessary regulatory approvals, the two companies have decided to abandon the proposal. CEO Marius Kloppers of BHP Billiton said, “With the termination of the joint venture, this focus on efficiently growing and operating our Western Australian Iron Ore business through our existing Perth-based iron ore management team will continue”.
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Tuesday, November 02, 2010
The Best Way to Invest in the Long-Term Gold Bull Market / Commodities / Gold and Silver 2010
The gold price recently made a new high amid widespread concern over weakness in the U.S. dollar. The gold rally has been driven by strong global demand among investors seeking a safe haven. Demand has been driven mainly by uncertainty over the economic outlook, as investors continue to recover from the fallout of the financial crisis two years ago.
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Monday, November 01, 2010
Gold Slips as Silver and Oil Rise with Stocks, Greece Wants Debt to be Restructured / Commodities / Gold and Silver 2010
THE PRICE OF GOLD gave back an overnight rise to 8-session highs at $1365 per ounce in London trade on Monday morning, falling back as US stock markets opened strongly higher following better-than-expected manufacturing data.
Crude oil prices jumped almost 2.5%, and silver prices touched new three-decade highs above $25 an ounce.
Monday, November 01, 2010
Inflated Gold or Inflation? / Commodities / Gold and Silver 2010
The price of gold has moved back to $1360 gaining nearly $40 the last two trading days. The intraday high was $1388 just two weeks ago. The pullback to $1320 invited those who think gold prices are inflated to pontificate about the metal correcting. There have been some analysts who believe gold will drop to $1000 before year end. Of course on the other side there are those who see gold at $2000 before year end. Since testing support near the $1150 level in July, gold moved up more than 20% before this recent pullback, which has been the rationale for gold prices being inflated.
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