Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, July 30, 2009
Gold Warning For Investors During Recessions Depressions / Commodities / Gold & Silver 2009
The following article is adapted from a brand-new eBook on gold and silver published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. For the rest of this revealing 40-page eBook, download it for free here.
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Thursday, July 30, 2009
Gold New High of $1033 Should be Reached Due to Continuing Risk Aversion / Commodities / Gold & Silver 2009
Gold: Gold fell by $25 yesterday but has found reasonable support at $930/oz. In the short term, the daily momentum would appear to be bearish for gold and although it may experience a temporary bounce in the next day or two, a move to the downside should be expected, possibly falling as low as $905/oz.
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Thursday, July 30, 2009
Gold and Crude Oil Market Meltdown Analysis / Commodities / Commodities Trading
Everything is playing out exactly as we hoped and expected this week. We have been so close to a buy signal in gold and silver but Monday’s intraday observations saved us from a nasty trade.
Those of you in love with oil just had a Kiss Good Bye! Better PUT some love letters together J pardon the pun.
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Wednesday, July 29, 2009
Some Commodity Related Securities Outpacing Gold 15:1 YTD / Commodities / Options & Warrants
Where should we be investing what is left of our hard earned money these days? As the table below reveals having bought a basket of commodity related warrants with a minimum duration of at least 24 months at the beginning of 2009 would have been the right choice. Such warrants are up 111.9% YTD, up 12.8% in the past month and up 11.7% in just the last week. That is 14.7 times greater than the 7.6% YTD increase in gold, 13.3 times greater than the 8.4% increase in the S&P 500, 5.8 times greater than the 19.4% increase in the HUI and 4.8 times greater than the 23% YTD increase in silver.Read full article... Read full article...
Wednesday, July 29, 2009
Gold Lacks Relative Strength / Commodities / Gold & Silver 2009
Gold is not going to breakout anytime soon. Its relative strength or lack thereof, is the chief reason. Gold has been rising recently, only due to the positive tide in most markets. In the chart below, you can see that the various ratio charts have formed a negative divergence to Gold. Gold has not only been weak against commodities and stocks but also foreign currencies. On the positive side, the ratio charts have formed a serious long-term positive divergence. Relatively speaking, Gold has bested its 2008 highs in most forms, but not in US dollars.
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Wednesday, July 29, 2009
Crude Oil Price Rocked by Investory Data / Commodities / Crude Oil
Terrible inventory data (much more than expected) has rocked the long side of crude oil this AM and the U.S. Oil Fund ETF (NYSE: USO). The price structure has pressed beneath its RISING 50 DMA at $66.29 into the low $63.50 area so far, and could be heading for a test of its 4 month support line, now at $61.30. Although today's action certainly has the fundamental catalyst to continue lower, let's be aware that the prior correction from the June highs above $73.00 into the July 13th low at $58.32 represents a completed MAJOR CORRECTION.
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Wednesday, July 29, 2009
Gold Price Implodes, What Happened to the Gold Market? / Commodities / Gold & Silver 2009
I think it came as a big surprise to many traders that the gold market imploded on Tuesday pushing to its lowest levels in several days.
The downward spiral was enough to trigger a daily "Trade Triangle" which moved us into the neutral camp on this market. Exiting our long gold position based on our "Trade Triangle" signals produced a very small profit or in some cases of break even trade.
Wednesday, July 29, 2009
Storing Bullion Internationally / Commodities / Gold & Silver 2009
"Tis the part of the wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.”
Many investors internationally will wish that they had paid attention to the wise old proverb used by Cervantes in Don Quixote in 1605.
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Wednesday, July 29, 2009
China the 800lb Gorilla of Commodities Demand / Commodities / Articles
Increasing the money supply invariably leads to inflation—but that's not the only factor driving it. "Populist policies that are focused on protectionism and unionism will force inflation in America," says Frank Holmes, CEO and chief investment officer at U.S. Global Investors. While he doesn't anticipate across-the-board inflation, he does foresee certain commodities having stronger inflation than others. In this exclusive interview with The Gold Report, Frank discusses changing patterns in commodity prices and how investors can gauge where they're headed next.
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Tuesday, July 28, 2009
The Three Triggers for the Global Gold Bubble / Commodities / Gold & Silver 2009
Peter Krauth writes: As you review your investment portfolio to size up your current exposure to gold, keep one key point in mind: When it comes to profits, there's no rush like a speculative gold rush.
And that's just what we have at hand.
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Tuesday, July 28, 2009
U.S. Dollar Dying, Gold Gleaming / Commodities / Gold & Silver 2009
Larry Edelson and Richard Mogey write: Although sharp rallies are always possible, we have no doubt the greenback’s long-term future is grim.
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Tuesday, July 28, 2009
Gold and Silver Moving Higher / Commodities / Gold & Silver 2009
The week ended with gold and silver closing near or at their highs for the week, with silver slightly outperforming gold.
The following charts illustrate the short term picture for both gold and silver:
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Monday, July 27, 2009
Rearranging Deck Chairs On The U$$ Titanic / Commodities / Gold & Silver 2009
America’s paper empire is slowly sinking into the sea, and all the powers that be can do about it is rearrange the deck chairs for a while as they wait for the inevitable. Increasingly, more and more people are comparing the US to Japan, and it’s 20-plus year bear market / economic doldrums, realizing try as they might, the prognosis for American is a match. This is of course why the stock market trading patterns are a match, because once you bubblize the real estate market (Japan peaked in 1990) it’s all over, as this assures a structural high in credit creation that cannot be fixed as easily as floating a new CDO, or throwing a trillion or two at the bond market. Nope – once you play that card, as Sir Allen did back in 2002 to counter the negative effects of the tech wreck, yet another bubble he inspired, there’s nothing left to do but inflate with abandon and hope nobody notices.
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Monday, July 27, 2009
Waiting for Crude Oil to Reverse to the Downside / Commodities / Crude Oil
My optimal pullback target zone for the PowerShare DB Double Short Oil ETN (NYSE: DTO) is 82.00-79.00, which has been met today. However, so far the inability of the DTO to turn up with sustainability and leave little doubt that the correction off of the 7/13 high at 99.50 is complete is bothersome, and suggests perhaps that more corrective weakness is forthcoming ahead of my anticipation of a powerful upside pivot reversal.
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Monday, July 27, 2009
Essential Gold Stock Analysis / Commodities / Gold & Silver Stocks
Australia is a major gold producing nation and a stable political environment in which to operate mining activities. The global interest in our sector is significant and we have seen massive capital inflows into the sector during the past 18 months, both during and in contrast to very tough international credit / investment conditions.
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Monday, July 27, 2009
Silver Increasingly Bearish COT Data / Commodities / Gold & Silver 2009
Although silver moves very much in lockstep with gold, it is looking considerably stronger than gold at this point. The reason for this is its role as an industrial commodity - when the stockmarket is high and rising, as now, silver usually outperforms gold, but once the stockmarket turns, silver then underperforms.
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Monday, July 27, 2009
Gold and Gold Stocks at Risk of Serious Reversal / Commodities / Gold & Silver 2009
The chances of gold breaking out to new highs in the near future are rapidly diminishing as the heavy hitters who have always prevailed up to this point are dramatically ramping up their short positions. Our COT chart shows a big increase in Commercial short positions just over the week up to last Tuesday to levels that in the past have preceded major reactions in gold. While there is still a fair chance of gold making a run at its highs over the short-term, there is considered to be very little chance now of a breakout to new highs, and any such advance towards the highs would likely be accompanied by a further ballooning of Commercial short positions to an even more extreme level that would all but guarantee a heavy reaction.
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Monday, July 27, 2009
Agri-Food's Investing Bypasses Illusory Stimulus Driven Economic Growth / Commodities / Agricultural Commodities
Some, and perhaps more than we imagine, economic sectors are immune to the failing economic policies of the Obama Regime. Those industries being driven by the dominant global trends should be somewhat resilient to the ongoing economic problems of the U.S. However, none will totally escape as the U.S. is such an important economic center of consumption. How do investors escape this reliance on U.S. economic activity level? The answer is, quite simply, Agri-Food.
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Monday, July 27, 2009
Precious Metals Rally Running Out of Steam, Or Going a Lot Higher? / Commodities / Gold & Silver 2009
In the previous essay I wrote the following: Recently the precious metals market has been influenced by developments in the general stock market, which contributed to a considerable extent to its recent downswing and subsequent rally. At the moment, the technical situation for the main stock indices is favorable, which means that precious metals are likely to move higher as well.
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Monday, July 27, 2009
Commodities Technical Trading Setups for Gold, Crude Oil and Natural Gas ETF's / Commodities / Commodities Trading
Commodities are trying to hold their ground and could go either way quickly. There is a lot of chatter going on about gold and silver. I am hearing extreme theories from everyone I talk with. Generally when I see the market get jumpy we tend to see volatility increase which translates into sharp rallies or sell offs.
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