Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, September 23, 2009
Gold Sitting on Top of the World / Commodities / Gold & Silver 2009
THIS SAYS IT ALL, “JUST WAITIN TO FALL”
I'm Sitting on Top of the World
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Wednesday, September 23, 2009
Silver Remains a Contrarian's Dream With Negative or No Media Coverage and No Public Involvement / Commodities / Gold & Silver 2009
The dollar fell sharply against most currencies yesterday and gold was strong in all currencies and held above $1,015/oz for most of the day. Both the London AM and PM fixes were higher from the day both in euro and pound terms (21-Sep-09 AM $999.25,£618.233, €681.756, PM $997.00,£616.307, €680.871 and 22-Sep-09 AM $1015.75,£622.396, €686.550 PM $1,014.00,£620.639, €686.109 - http://www.lbma.org.uk/?area=stats&page=gold/2009dailygold). Thus, while the pound and dollar have fallen against the euro, they have fallen by even more against gold.
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Tuesday, September 22, 2009
Gold $1,500 This Year / Commodities / Gold & Silver 2009
Post summer doldrums, we're now beginning to see a nice fall run up in the price of gold—one that marks the beginning of a parabolic move, according to Greg McCoach. The seasoned bullion dealer, investor and newsletter writer sees a number of factors culminating in ever-increasing prices going forward. In this exclusive interview with The Gold Report, Greg reveals current and forthcoming events that will continue driving the yellow metal's price northward. . .not the least of which involves the commercial real estate market and its "associated derivative sewage."
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Tuesday, September 22, 2009
Gold, GLD ETF 100 Barrier / Commodities / Gold & Silver 2009
The most salient feature of the hourly chart of the SPDR Gold Shares (NYSE: GLD) is that despite today’s up-gap opening and climb above 100, the bulls were – and still are – not able to sustain above the key 100 level. As of this moment, with the GLD at 99.43 and the huge unfilled gap area (down to 98.57) remaining on the downside, let’s watch closely to see if the price structure can leave the unfilled gap behind and instead revisit and hold the 100 area prior to or into the close. Such a scenario would be very constructive action and will point prices still higher in the hours ahead. Conversely, inability of the GLD to rally will be a sign of relative weakness that will point to the 98.50 area by default.
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Tuesday, September 22, 2009
The Reason Why Gold Hasn't Skyrocketed / Commodities / Gold & Silver 2009
With the printing presses in full printing mode, many people are questioning why gold prices haven't gone higher - much higher.
In my new video, I explain some of the subtle market cycles that are at play right now in this market. These short-term cycles have been the dominant force in gold all year and appear to be still in control of price action.
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Tuesday, September 22, 2009
Gold Jumps Above $1,000 on Strong Chinese Demand / Commodities / Gold & Silver 2009
THE PRICE OF GOLD rose 2.0% for US-Dollar investors overnight in Asia and London on Tuesday, recording an AM Gold Fix of $1015.75 an ounce as world stock markets also rebounded.
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Tuesday, September 22, 2009
Gold to Remain Strong on Global Inflation and Stagflation Risk / Commodities / Gold & Silver 2009
Gold pulled back slightly yesterday on profit taking and a firmer dollar. However, gold stubbornly refused to budge from the $1,000/oz price level and pushed back through that level last night as the dollar fell again. Gold's fundamentals remain very sound and yet most analysts remain bearish and much of the media has greeted gold's near record highs with tremendous scepticism. These are classic signs of a long term secular bull market as gold continues to climb the "wall of worry".Read full article... Read full article...
Tuesday, September 22, 2009
Speaking Silver’s Language / Commodities / Gold & Silver 2009
Richard Daughty writes: Everybody knows that I can always be counted on to go ballistic about silver being such a Screaming Freaking Bargain (SFB) because of (according to the most recent Official Mogambo Count (OMC)) more than a dozen very good reasons, which is a lot of reasons, and that at $17-and-change per ounce, silver is loudly saying, “Buy me! Buy me!” although obviously not in the literal sense, nor (perhaps less obviously) in the “voices in my head” sense, which shows I am responding to therapy and why everybody is so pleased with me.
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Monday, September 21, 2009
China Wealth Expansion Driving Agri-Food's Mega-trend / Commodities / Agricultural Commodities
Bump and grind economic numbers might suggest that the Western economies, including the U.S., have seen the worst of the economic slide. Despite that appearance of an economic bottom, that the economic policies of the Obama Regime are a failure, and will continue to be a failure, is now increasingly obvious. When nations like China and India are demonstrating superior economic performance perhaps the time has come to either, one, jettison the bumbling economic policies of the Obama Regime, or, two, look elsewhere for opportunities.
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Monday, September 21, 2009
Gold, The Big Score / Commodities / Gold & Silver 2009
Well, here we are with the price of gold above $1,000. Since this is the day so many thought would never come, it is time for reflection. I have lived my life in a society in which most of the “experts” have been wrong over and over.
I was a gold bug in 1970, when gold was $35/oz. I turned bearish on gold Jan. 21, 1980, the day it hit its high of $875/oz. I became a stock bug in 1982 with the DJI at 780. Then I predicted Black Monday 1987. I turned bullish on gold again at the end of 2002 with the metal at $325. And I predicted a long term top in the stock market at the beginning of 2007.
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Monday, September 21, 2009
The Quiet Grab for Global Natural Resources / Commodities / Resources Investing
While all the hubbub here in the US has centered around abominations such as cash 4 clunkers, tax credits for buying homes, and the other machinations directed at returning the US to the blissful year of 2005, other portions of the world have taken notice and have been conducting some activities of their own. They have been locking down ever-growing stockpiles of critical basic materials needed to run their economies. These strategic moves have certainly not been done in secret, but given how we spend our intellectual energies here in America, they might as well have been. Leading the pack has been China, but there have certainly been others.
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Monday, September 21, 2009
Australian Gold Stocks Exciting Performance / Commodities / Gold & Silver 2009
It has been a very exciting few weeks in the Australian Gold Sector since we announced a fresh break out. Before I go on I feel it is necessary to put this in context so I am providing a clear educational account of this event with perspective. Within the big picture this recent gold share price rise is only a small part of a follow through rally which commenced in the October to November lows of 2008. That period was in essence a “bear trap”.
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Monday, September 21, 2009
Gold Dips Back to $1,000 / Commodities / Gold & Silver 2009
U.S. DOLLAR GOLD PRICES slipped further from last week's 18-month high at $1,024 an ounce early Monday, briefly dropping south of $1,000 as world stock markets also fell, losing almost 1% on average.
Crude oil sank to a one-week low near $70 per barrel, while the US Dollar bounced almost a cent against the Euro from last Thursday's 12-month lows.
Monday, September 21, 2009
IMF Gold Sales Hoovered up by Governments / Commodities / Gold & Silver 2009
As some strength returned to the beleaguered dollar overnight, the appetite for financial insurance in the form of gold waned slightly. Gold slipped as low as $995/oz in early morning trading but has rebounded to be currently trading just below $1000/oz. The news that the IMF are to sell over 400 tonnes of gold into the market was widely expected and therefore this news was largely priced in. Also, the sales will fall within the terms of the newly agreed Washington Agreement that limits central bank sales to 400T per year for the next five years.
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Sunday, September 20, 2009
Gold in a Beautiful Long-term Secular Bull Market / Commodities / Gold & Silver 2009
The short and intermediate-term future for Gold and any investment for that matter are tricky to navigate. I have guessed right and wrong many times on shorter-term moves. It seems that the best most investors can hope to do is identify the long-term secular bull market (i.e. the major bull market of the current 10-20 year period) that is in progress, buy into it, and hold on.
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Sunday, September 20, 2009
ETF Commodities Trading for GLD, SLV, UNG, USO / Commodities / Commodities Trading
Commodity ETF trading charts allow us to track and trade the underlying commodities with ease. I have provided a few daily charts to show were current commodity prices and chart pattern are at.
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Sunday, September 20, 2009
Gold and Silver Signs of a Top or Evidence of Strength? / Commodities / Gold & Silver 2009
This week the price of gold hovered above the $1000 level and managed to close above this important level, a very significant and optimistic development for anyone interested in the precious metals sector. But before we launch into euphoria and speed away, now might be a good time to look back into our rearview mirror.
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Sunday, September 20, 2009
Gold Above $1,000, Is this Time Different? / Commodities / Gold & Silver 2009
Many speculators are getting all excited. Gold, above $1000, gee – that must mean the sky is now the limit. If only it was that easy. Above $1000, we’ve been there before. We’re there again. Who knows, maybe THIS TIME things will be different.
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Sunday, September 20, 2009
Gold and U.S. Dollar Inverse Relationship Trend Implications / Commodities / Gold & Silver 2009
Gold - Gold was up for the week, gaining $1.40, to close at $1007.60 (continuous contract). The daily chart shows gold still positively above its recent breakout. The trend remains in place until such time that it isn’t.
Some consolidation is warranted, and perhaps a test of the breakout. RSI is overbought and turning down. All in all the bulk of the evidence is bullish, although waning slightly.
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Saturday, September 19, 2009
GOLD at the Croassroad, analysis with reference to U.S. Dollar and COT... / Commodities / Gold & Silver 2009
In this article we are going to review in a dispassionate manner what gold has and hasn’t achieved in recent weeks and make deductions about the outlook. September is by far the strongest month for gold on a seasonal basis and this year has been no exception. Early in the month it broke out of the large Symmetrical Triangle that had been forming for most of this year, an event which naturally led to wild enthusiasm amongst goldbugs and most of their cheerleaders and expectations by most of follow through to the $1300 area as a minimum objective. While it has since advanced to challenge its highs, and has succeeded in making a new closing high, it has not - yet - made a new all-time high by closing above its intraday highs of last year. Thus it has not yet overcome the resistance near its highs.
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