Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, May 04, 2010
Urgent: Don’t Make This Dangerous Natural Gas Stocks Investing Mistake / Commodities / Natural Gas
Investors who are looking to the XNG:NYSE Natural Gas Index to tell them the future of natural gas prices could be making a costly mistake.
XNG:NYSE – which tracks large cap companies in the US natural gas industry – has been heading up for 12 months – in the directly opposite direction as UNG:NYSE, the high profile ETF that tracks the price of natural gas. It has been going down for 12 months, and set a new 52 week low late last week.
Tuesday, May 04, 2010
Gold Surges To New Record Highs in Swiss Francs, Euros and Pounds / Commodities / Gold and Silver 2010
Gold rose to new five month highs in New York on signs of increased investment demand for the metal as an alternative to the euro and other currencies. Bullion surged to new nominal record highs in euros, Swiss francs and British pounds (see charts), extending gains this year as concern about sovereign debts in Europe encouraged investors into the safe haven of gold. Despite the yen being higher against all other major currencies, gold rose to 112,669 Japanese yen an ounce, the highest price in yen since February 1983.Read full article... Read full article...
Tuesday, May 04, 2010
Gold "Remains Safe Haven" as Euro Sinks, Commodities Fall with Stocks / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing rose against all major currencies on Tuesday, hitting new record highs for European investors as stock markets and raw materials sold off worldwide.
The Euro sank through $1.31 for the first time in 12 months, dropping as traders in London – back from the UK's May Bank Holiday weekend – reacted to Sunday's Eurozone-IMF deal to lend €110 billion to Greece.
Tuesday, May 04, 2010
Gold Producer Agnico-Eagle Mines Limited Analysis / Commodities / Gold & Silver Stocks
Agnico-Eagle Mines Limited (AEM) one of our favourite gold producers has seen its stock price trade in a lacklustre way recently, Sean Boyd, CEO, Agnico-Eagle explains the company’s mining projects and future prospects.
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Tuesday, May 04, 2010
Silver Commodity Stocks Investing Update / Commodities / Gold & Silver Stocks
It's often called the "Poor Man's Gold," but according to "Silver Guru" David Morgan of The Morgan Report and www.silver-investor.com, silver is poised to outperform gold. "The amount of silver mined meets industrial and investment demand. We've reached equilibrium," Morgan explains. In this exclusive interview for The Gold Report, Mr. Morgan gives us the straight skinny on silver and highlights several silver juniors.
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Monday, May 03, 2010
Gold Prices Rise Against All Major Currencies / Commodities / Gold and Silver 2010
The gold price reached a new high in dollars for 2010 in the early hours of trading for Monday 3rd May. The spot price reached $1,182.95 per ounce, its highest this year. It also reached new record highs in pounds, and euros. Yesterday’s Greek aid plan did little to strengthen support for the euro and currencies in general.
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Monday, May 03, 2010
Russian Gold Purchases Surges by 15.55 Tonnes in a Month! / Commodities / Gold and Silver 2010
Since last year central banks have been net buyers of gold. More importantly they have stopped selling gold.
We do not deem the I.M.F. sales of gold as central bank selling, even if it is within the totals given under that agreement. It is not done in the spirit of the Central Bank Gold Agreement. Their purpose is to raise funds for a specific purpose, whereas the central bank sellers wanted to diversify their foreign exchange reserves out of gold. In addition they were sellers in support of the establishment of the € internationally.
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Monday, May 03, 2010
Gold Price Ready to Explode / Commodities / Gold and Silver 2010
A discourse on the price of gold.
The price is ready to explode.
The signal came 4-30-10.
To tell you news, I take my pen.
Sunday, May 02, 2010
Gold and Commodities On the Verge of an Inflationary Surge / Commodities / Gold and Silver 2010
I'm going to start off by stating that I don't think Bernanke is going to "get away" with the insane monetary policy he's chosen. Printing trillions of dollars, cutting rates to zero, trying to manipulate the bond market and generally tampering with the natural market forces is going to have consequences.Read full article... Read full article...
Sunday, May 02, 2010
Gold Uptrend Just Does Not Feel Right / Commodities / Gold and Silver 2010
Except for Thursday it was a pretty good week. So why am I feeling a little cautious? The action behind the latest up trend in gold just doesn’t “feel” right. With all of the world’s problems one would expect a robust advance but the strength behind this latest gold move just doesn’t compute right. Oh well, let’s see.
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Sunday, May 02, 2010
China's Giant New Energy Source / Commodities / Energy Resources
In yesterday's essay, I told you about China's monstrous "Junggar" Shale Basin. The Junggar could become one of the largest hydrocarbon deposits ever found. Even better, China has gone "oil crazy."
With around 1.3 billion citizens, China is the most populous country in the world. It owns the world's largest cash hoard... and has the world's fastest-growing large economy. This makes it desperate for deposits like the Junggar.
Sunday, May 02, 2010
Crude Oil to Break New 52-week High / Commodities / Crude Oil
The RBOB gasoline contract finished the week very strong and was the main driver for crude oil`s stellar bounce off the Euro zone downgrade which sparked a selloff earlier in the week. Crude oil rose to a three-week high and gasoline surged as a report showed the U.S. economy grew 3.2% in the first quarter on strong consumer and business spending.
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Sunday, May 02, 2010
Rising Steel Demand Support Our 2010 Price Predictions for Molybdenum, Manganese & Magnesium / Commodities / Metals & Mining
The Economics Committee of the World Steel Association met in Beijing last month and released a short-range outlook for 2010 and 2011. Daniel Novegil, Chairman of the Economics Committee said, “The world steel industry now seems firmly set on a path to recovery. The emerging economies, who in total maintained positive growth through the crisis, will continue to show strong growth, driving world steel demand in the future, however the current recovery in the major developed economies is slower and the projected steel demand for them in 2011 is well below the 2007 level.”
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Sunday, May 02, 2010
Manganese, Magnesium and Molybdenum, Strategic Metals Key to Green Technology / Commodities / Metals & Mining
Although demand for approximately 90% of manganese, 75% of molybdenum and 13% of magnesium is accounted for by the global steel industry, these three strategic metals are becoming highly important to the future of emerging green technologies.
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Sunday, May 02, 2010
World’s Steel Giants Jockey for Position / Commodities / Metals & Mining
Driven by strong Chinese demand and some recovery in OECD markets, global mining and exploration giant Rio Tinto reported a 39% jump in its Q1 iron ore production figures. Rio Tinto followed the announcement with a 1.7% raise, from 230 million tonnes to 234 million tonnes, in its 2010 iron ore production target. Chief Executive Tom Albanese of Rio Tinto said that he was hopeful of his company’s growth on the wave of economic recovery reported in Asia.
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Saturday, May 01, 2010
BP Oil Blowout USA, Highwater Horizon For Oil Prices / Commodities / Crude Oil
The Deepwater Horizon accident and its sequel of 5000 barrel a day leakage, and spiraling estimates for the final cost of this disaster already eating into stock prices for BP, Haliburton and Transoceanic - the main players in this sombre event - underlines a simple fact of world oil: deep offshore, extreme environment, and high tech oil production carries high risk. Wherever there is risk, final user prices have to include cover of this risk. When risk rises, final user prices have to rise.
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Saturday, May 01, 2010
The Future For Gold And HUI Mining Stocks / Commodities / Gold & Silver Stocks
Have you noticed the HUI is making a beeline toward its all-time high? On the chart below, we show an inverse, Bullish Head & Shoulders bottom pattern with an upside target for the HUI of 600ish. Interestingly, should the HUI rise above 525, another larger Head & Shoulders bottom would be confirmed with an upside target of 850ish.
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Saturday, May 01, 2010
Economic Data, BP Oil Spill Push Crude Prices Higher at End of Week / Commodities / Crude Oil
Oil Market Summary for: 04/26/2010 to 04/30/2010Stubbornly high crude oil inventories continued to stymie bulls through the middle of the week, but the market seized on positive economic data to push prices higher toward the end of the week.
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Saturday, May 01, 2010
Gold Still Glitters! / Commodities / Gold and Silver 2010
Gold bullion is at a new high for the year, and has rallied more than 10% since February. Yet it has not attracted the excitement among investors and the media that its rallies usually generate. That may be an indication it has further to go on the upside, since excessive excitement about a gold rally is usually seen before its rallies end.Read full article... Read full article...
Friday, April 30, 2010
Why You Shouldn’t Believe OPEC’s Crude Oil Reports / Commodities / Crude Oil
Marin Katusa, Senior Editor, Casey’s Energy Opportunities writes:
In December 2008, after OPEC warned of “substantial cutbacks,” I voiced my strong opinion that the members of the Dirty Dozen would cheat, because cartels always cheat. Sure enough, despite all the talk about production cutbacks, even more oil flowed out of OPEC.
The harsh truth is that the whole honor and brotherhood thing may work for the Three Musketeers, but it’s a non-starter when, like the OPEC members, you have to foot the bill for hefty social programs.