Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, May 17, 2010
Gold, Where Next? / Commodities / Gold and Silver 2010
So far in 2010, all eyes in the gold market have been looking up at $1225 wondering whether gold will get back to that all time high? Now that question has been answered, yet another arises, where next for gold?
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Sunday, May 16, 2010
Gold New All Time High, Bit the Uneasy Feeling is Still There / Commodities / Gold and Silver 2010
A new all time high for gold but the uneasy feeling is still there. The move was on lower strength than the previous move in Nov. Is gold just running out of steam?
GOLD: LONG TERM - So, we’ve made it into new high ground (just barely so) with gold. Is this the start of a new move towards those higher highs everyone is looking for? Just to recollect your memory, a few weeks back my projections for gold were to the $1230 level followed by a move to $1470 and then to the projection almost everyone is making, the $1600 level. All this from the long term P&F chart.
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Saturday, May 15, 2010
Oil Prices Drop Further in Week as Euro’s Travails Continue / Commodities / Crude Oil
Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as the euro continued to lose ground against the dollar and U.S. oil inventories continued to build.The benchmark West Texas Intermediate contract settled at $71.61 a barrel on Friday, down $2.79 on the day, compared with $75.11 a week earlier, and the lowest price in three months. Oil prices hit an 18-month high of $87.15 on May 3.
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Saturday, May 15, 2010
Gold Mining Stocks Intermediate and Development Plays Are the Golden Ticket / Commodities / Gold & Silver Stocks
In this exclusive and revealing interview with The Gold Report, Mackie Research Capital's Barry Allan, always among Canada's top-ranked mining analysts, says the European currency crisis and crippling debt problems will push gold—and the U.S. dollar—higher throughout the rest of 2010. But gold and the greenback may not be the biggest winners as a result of a faltering euro. Allan suggests other currencies could have the most to gain as investors seek other havens. Allan also sheds some light on why the best bets in the gold sector are intermediate and development plays.
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Friday, May 14, 2010
Silver Seasonal Trend Analysis, Sell in Early May and Lose Average $1 per Ounce Each Year / Commodities / Gold and Silver 2010
We would like to begin this essay by touching on the popular belief that precious metals - and especially silver - tend to drop heavily this time of the year. The saying suggests selling in May and going away - is this really the best way to go? At Sunshine Profits we're rather reluctant to take the common knowledge for granted - we prefer to dig deeper and check ourselves if every fact is really fact, not just an opinion.
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Friday, May 14, 2010
The Hot New “Carry Trade” and Gold’s Record Run - One Chart Explains it All / Commodities / Gold and Silver 2010
Every few months institutional investors get hooked on a new trade.The trades start off with solid fundamental ideas, then the Big Money piles in, it goes parabolic, good “stories” bring in the retail investor, and the trade eventually blows itself up.
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Friday, May 14, 2010
COMEX Gold and Silver Markets do Not Affect Gold and Silver Prices At All! / Commodities / Gold and Silver 2010
All of us follow COMEX in New York and assess the ‘net speculative long position’ there, so as to see the actual weight of opinion on the gold price. It gives us a clear market opinion after all. But many of you out there may believe that COMEX is a very large factor in the gold price. Is it?
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Friday, May 14, 2010
Gold Golden Antidote to Our Being Fleeced! / Commodities / Gold and Silver 2010
“Goldman Sachs Group Inc. traders didn't lose any money at the end of each trading day during the first quarter…
Traders raked in more than $100 million daily for 35 days and made no less than $25 million daily during the rest of the three-month period, according to a regulatory filing.”
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Friday, May 14, 2010
Gold €1000: Sovereign Debt Crisis Insurance or Bubble? / Commodities / Gold and Silver 2010
Rising insurance premiums don't negate the need to insure...
IS GOLD in a bubble at €1000 an ounce? Let's hope so. Because if not, it would mean investors are right to keep bidding crisis insurance higher.
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Friday, May 14, 2010
Is Gold Heading for $5,000? / Commodities / Gold and Silver 2010
By Jeff Clark Editor Casey’s Gold & Resource Report : Gold is once again above $1,200 and making new highs. And yet, Doug Casey thinks we’re just getting started, estimating gold could touch $5,000 before this is all over. A titillating thought, to be sure, but... how likely is that?
Gold’s latest rise stems from mounting fear that the Greek bailout will be followed by other euro-area countries queued for a me-too handout. In other words, gold is serving its historical role as a safe haven, a store of value, and an alternate form of money when governments recklessly plunge themselves heavily into debt and abuse their currency.
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Friday, May 14, 2010
European Sovereign Debt Crisis Sends Euro Gold to €1000, Will it Hold ? / Commodities / Gold and Silver 2010
With the European sovereign-debt troubles dominating financial news, the euro has taken quite a beating lately. The majority consensus opinion even believes that the euro’s very existence is threatened by this crisis. This pervasive euro-bearish psychology has ignited euro gold, which is now challenging the fabled €1000 level.
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Friday, May 14, 2010
European Economic and Debt Concerns Lead to Crude Oil Price Drop / Commodities / Crude Oil
It’s Europe’s turn to effectively control oil prices as the serious economic concerns of many of the European Union’s top countries has contributed to crude oil slipping to its lowest price in 3 months.
The price of benchmark crude oil set for June delivery fell $1.31 in late Asian trade on the New York Mercantile Exchange to a price of $73.10 at one point.
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Friday, May 14, 2010
3 Things to Check BEFORE Trading Gold ETFs / Commodities / Gold and Silver 2010
Gold sure looks like it’s on the launch pad, with my targets of $1,350 and $1,500 both in sight. Many investors would like to play that move with funds that claim to track physical gold — exchange-traded funds, or ETFs.
But there is peril as well as profit potential. Let me give you my take on the gold funds — and tell you the two that I wouldn’t touch with a 10-foot pole.
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Friday, May 14, 2010
Gold "Strengthened" by New Euro Crisis; Still "Early Days" for Global Gold Investment / Commodities / Gold and Silver 2010
WHOLESALE GOLD BULLION PRICES rose to new record highs against all major currencies Friday morning in London, as world stock markets fell amid the ongoing Eurozone crisis.
The Euro sank through $1.25 – an 18-month low to the Dollar – as Spain's El Pais reported that French president Sarkozy threatened to quit the currency union last weekend unless Germany agreed to the €750 billion "stabilization" package.
Friday, May 14, 2010
The Gold Fear Premium / Commodities / Gold and Silver 2010
Gold prices were hitting record highs as gold's appeal as a safe haven asset exploded. June gold was down 1.1% to settle at $1,229.20 an ounce on Thursday after hitting a record high of $1,250 in previous session.
The metal’s surge was driven primarily by concern that an almost $1 trillion loan package in Europe will slow the region’s growth and debase its currency. Adjusted for inflation, gold is near its highest since April 1981, based on data at Bloomberg.
Friday, May 14, 2010
Gold is Set to Soar... Here's the One Way to Profit / Commodities / Gold and Silver 2010
Martin Hutchinson writes: Gold prices have been on a tear of late and gold futures briefly touched yet another record yesterday (Thursday) at more than $1,240 an ounce - a level that would have seemed a distant prospect only a year ago.
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Friday, May 14, 2010
Crude Oil Key Reversal Week Makes Bulls See Red / Commodities / Crude Oil
This year’s bull run, from an early Feb low, formerly held the promise of a more sustained move. But a recent negative Key Reversal Week is ignored at ones peril – these can be very good signals – and certain support points must now be closely monitored.
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Thursday, May 13, 2010
Exciting Crude Oil and Natural Gas Investing Opportunities / Commodities / Energy Resources
Oil and Gas Analyst Adam Michael is excited—in some cases very excited—about a lot of things in his sector, including Turkish gas and Latin American oil plays. He even gets excited about long-term oil price fundamentals. Just don't ask him about the domestic oil and gas market. It's just so yesterday's cycle.
The Energy Report: Adam, please give us a macro view of the energy market.
Thursday, May 13, 2010
Eye on Silver Price and Pan American Silver Corp (PAAS) Stock / Commodities / Gold & Silver Stocks
Pan American Silver Corp. (Nasdaq: PAAS) has hurdled its December high at 27.31 on the monthly chart, at the same time that spot silver has broken above its long-term resistance line (from 1980) at 19.46. If silver prices accelerate to the upside, PAAS should benefit and climb towards 35.00, again on a big-picture, monthly chart basis.
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Thursday, May 13, 2010
The World According to Gold / Commodities / Gold and Silver 2010
Whenever gold touches a new record price, goldbugs leap up and down and slap each other heartily on the back in a self-congratulatory ritual that is becoming as predictable as the 4 seasons. They are right, and they know it. For all the troughs in the chart since 2000, any tenacious golden insect who held on through trial and tribulation has only seen his fortune grow. Naysayers have gone silent, for the most part, but for that implacable breed who can still claim a flat earth when all the evidence is in supporting a round planet.
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