Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, May 24, 2010
The recent COT report shows an intriguing story in Gold positions / Commodities / Gold and Silver 2010
By: Miles_Banner
For the week the Gold price is down 4.45% in UK pounds, 4.55% in US dollars, and 6.12% in Euros (London PM fix).
For the year to date the gold price is still up… 17.78% in UK pounds, 5.19 % in US dollars, and 20.62% in Euros (London PM fix).
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Monday, May 24, 2010
Gold Trend Forecast to $1,350 then Crash to $1,000 / Commodities / Gold and Silver 2010
By: Captain_Hook
The Pathology of the Bureaucracy - What would you say if it was suggested that our business and political leaders, the larger bureaucracy, and their market managers were all acting in an increasingly irrational fashion, and are exacerbating negative long-term effects with all their meddling in things they should better leave alone, those being any market they decide to manipulate for whatever reason. Would you say that one sentence sums up a large part of the condition our condition is in without naming all the names, politics, etc. as none of this really matters in the end?
Monday, May 24, 2010
Gold Rises on "Perfect Storm" Safe haven Investment Demand / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD in all currencies ticked higher in Asia on Monday, briefly touching $1190 an ounce before easing back in London as a rise in Asian stock markets failed to spur European equities.
The Euro and Sterling both fell hard vs. the Dollar. US crude oil contracts slipped below $70 per barrel.
Monday, May 24, 2010
Gold, Act Now Before It Goes Even Higher… / Commodities / Gold and Silver 2010
By: Larry_Edelson
They called it “a relic of the past.”
They described its last major bull market as an “anomaly.”
They said it would “never again go much higher.”
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Monday, May 24, 2010
Gold and Dollar Rise as Euro and Equities Under Pressure Again / Commodities / Gold and Silver 2010
By: GoldCore
Gold fell 1% on Friday to finish the week with a 4% loss. It rose from $1,179/oz to $1,191/oz in Asian and early European trading this morning before giving up some of those gains. Gold is currently trading at $1,186/oz and in euro and GBP terms, at €955/oz and £822/oz respectively. While gold was down by 4% against the dollar it was down by less against most other currencies and was down by less than most equity indices with the S&P 500 down 4.3% and the Nasdaq down 5%. Read full article... Read full article...
Monday, May 24, 2010
Shock Events, Public Anger Is Growing Fast and the Gold Breakout / Commodities / Gold and Silver 2010
By: LewRockwell
Richard Daughty writes: I waited until I had sobered up to re-read Agora Financial’s 5-Minute Forecast, where it reported that “Bill Clinton shocked us the other day when he came out and suggested the financial crisis would never have happened if the dollar was still tethered to gold.”
Monday, May 24, 2010
Silver Modest Correction From Strong Resistance / Commodities / Gold and Silver 2010
By: Clive_Maund
Although gold and silver dropped quite sharply last week, longer-term charts reveal that nothing broke technically and the reactions were in fact within normal parameters, and the reaction in silver was actually quite modest, given what could have happened in the circumstances.
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Monday, May 24, 2010
Gold Long-term Bull Market Intact, Multiple Factors Support a Rally Now / Commodities / Gold and Silver 2010
By: Clive_Maund
Although gold and silver dropped quite sharply last week, longer-term charts reveal that nothing broke technically and the reactions were in fact within normal parameters.
On its 2-year chart we can see that the fine longer-term uptrend in gold from late 2008 remains in force, and that despite last week’s drop, it is still some distance from breaking down. In recent weeks it had shown signs that it would not drop with the broad stockmarket, so while the fact that it did may be rather disappointing, the flip side is that with the broad market horribly oversold and due a rally gold looks set to bounce back strongly from here.
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Sunday, May 23, 2010
Gold, The Single Most Important Financial Step You Can Take Right Now / Commodities / Gold and Silver 2010
By: DailyWealth
You might recall as early as late 2008, I warned the U.S. had embarked on a massive inflation – the creation of money – designed to save our banking system.
I believed this marked the beginning of the end for the U.S. dollar paper standard. And the imbalances in our economy had become so large they had warped the real economy: Americans no longer made anything or saved anything (no deposits and no true assets to back up the money).
Sunday, May 23, 2010
Gold Savers Will Get the Last Laugh / Commodities / Gold and Silver 2010
By: Adam_Brochert
For that's what this cycle is all about. Cleansing the system of debt is a process fought tooth and nail by the the banks, which have encouraged profligacy among the masses and their governments to an extent not seen in the last few generations. Due to social mood (or whatever you think drives a phenomenon that recurs as regularly as the tides), the people and their governments were more than happy to oblige the bankers and take on enormous debt.
Saturday, May 22, 2010
Gold Reaction Period But Not a New Long Term Bear / Commodities / Gold and Silver 2010
By: Merv_Burak
A slight up day on Monday and then downhill for the rest of the week. Gold is having one of those reaction periods. For now it looks only like a reaction and not a new long term bear.
GOLD : LONG TERM
From a long term standpoint gold has a long way to drop before the P&F chart issues a bearish reversal. At the present time that would be the $1065 level but no doubt in the process additional activity will take place on the chart to possibly change that.
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Saturday, May 22, 2010
End of the Euro and the Gold Rally? / Commodities / Gold and Silver 2010
By: Przemyslaw_Radomski
Countries bailed out the banks. Now who is left to bail out the countries? While the decline in the euro appears to be very close to being over (as explained in the following part of the update), the fundamental situation of the Eurozone still appears to be one of the most popular topics these days, so the first part of this week's update will be dedicated to this particular part of the world.
Saturday, May 22, 2010
Crude Oil Prices Remain Under Pressure After Dipping Below $70 a Barrel in Week / Commodities / Crude Oil
By: OilPrice_Com
Crude oil prices ended just above $70 a barrel on Friday after dipping below that threshold earlier in the week. The benchmark June contract for West Texas Intermediate settled at $68.01 before it expired on Thursday, after falling below $65 a barrel in intraday trading.Read full article... Read full article...
Saturday, May 22, 2010
Smart Money Holds Gold and Buys Major Miners / Commodities / Gold and Silver 2010
By: The_Gold_Report
As he watches the price of gold march inexorably toward $2,000 (and beyond), and keeps an eye on developments in the Western world, S&A Resource Report Editor Matt Badiali tells Gold Report readers in this exclusive interview that it's time to make space in the safe for gold. That's gold to hold, preferably to pass on to one's heirs, but if need be to pay for one's meat and potatoes. As for investments in these troubled times, he's hot about investors adding shares of the booming senior gold mining stocks to their portfolios because "we're going to see them really soar."
Saturday, May 22, 2010
Will European Central Banks begin Selling Gold Again? / Commodities / Gold and Silver 2010
By: Julian_DW_Phillips
Since the inception of the fourth Central Bank Gold Agreement last year on September 27th, sales by European central banks have been nearly non-existent. But that was before the € began to implode and fractures appeared in the Eurozone itself. Now governments have to fiercely cut back expenditures. They must do this to the extent that the reaction is certain to be social unrest.
Friday, May 21, 2010
Gold Inflation Proof Deflation Hedge / Commodities / Gold and Silver 2010
By: Adrian_Ash
Knowing how governments will respond to deflation, the case for inflation-proof gold looks increasingly clear to cautious wealth...
USELESS for pretty much everything except storing wealth (its economic value is social, not industrial), gold acts as inflation-proof money when investors need it most – right in the middle of an asset-price deflation.
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Friday, May 21, 2010
Why Gold Is a Sure Long-Term Bet / Commodities / Gold and Silver 2010
By: DailyWealth
What a spectacle...
In an utter and complete repudiation of its founding principles, the European Union's central bank (ECB) has decided to copy the U.S. Federal Reserve's 2008-2009 strategy of "papering over" Europe's massive debt problems. The ECB will provide nearly unlimited credit to Europe's sovereign borrowers, while also buying troubled assets from Europe's largest banks.
Friday, May 21, 2010
Hurricane Season Crude Oil and Natural Gas Profits / Commodities / Commodities Trading
By: Sean_Brodrick
The 2010 Atlantic hurricane season officially starts on June 1. But smart traders are already gearing up. The Gulf of Mexico is responsible for 13% of the U.S. natural gas production (and 30% of its domestic crude oil production). A strong hurricane — or two — hitting in the wrong place could knock some of that production offline. And just the possibility of that happening could put a bid into energy prices when and if the first hurricanes form off the coast of Africa.
Earlier this month, two offshore production platforms in the Gulf of Mexico were shut as a safety precaution against the spreading oil slick from the Deepwater Horizon oil spill. But that’s not the real threat.
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Friday, May 21, 2010
Gold Strong Currency for Private Investors as Swiss FX Intervention Costs $870m Per Day / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD bounced from a new two-week low in London today, nearing the weekend 4.3% below last Friday's close as world stock markets slumped for the fourth time in seven sessions.
Government bond buying continued to push prices higher, knocking the yield offered by US, German and UK debt to new multi-month lows.
Friday, May 21, 2010
Gold Resilient on Financial Uncertainty and Double Dip Recession Concerns / Commodities / Gold and Silver 2010
By: GoldCore
Gold is marginally lower (-0.2% in USD terms) and is currently trading at $1,180/oz and in Euro and GBP terms, gold is trading at €944/oz and £823/oz respectively. Gold has risen in sterling terms after the much higher than expected UK budget deficit (see below). Gold is only down some 4% on the week (USD - $1,230/oz to $1,180/oz) which is impressive given the sharp sell off seen in most commodity and equity markets.