Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, November 13, 2007
Shorting Overbought Commodities , Gold, Oil & Gas Using UltraShort ETF / Commodities / Crude Oil
By: Mike_Paulenoff
The big picture of the DUG (the ProShares UltraShort Oil & Gas ETF) shows
Monday morning's huge upside opening gap and follow-through that amounts to
about a 6% climb from Friday's close.
More importantly, though, is the upside assault on the Sept-Nov resistance
plateau at 44.00-44.50, which when hurdled should trigger additional
follow-through to test the Feb-Nov resistance line that cuts across the
price axis in the vicinity of 49.00.
Tuesday, November 13, 2007
Gold Recovers One-Third of Monday's 5% Plunge as Yen Retreats; Driven Higher by "Bargain-Hunting & Short-Covering" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES bounced 1.6% from their overnight low on Tuesday morning, reversing one-third of Monday's $41 plunge to hold above $800 per ounce.
"There seems to be bargain hunters at below $800," said Ronald Leung of Lee Cheong Gold Dealers in Hong Kong earlier. "I think $792 and $793 are the supporting levels.
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Tuesday, November 13, 2007
Gold Tumbiles as Credit Crunch Hits E-trade / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $26.20 to $805.90 per ounce in New York on Monday and silver was down 75 cents to $14.73 per ounce. A sharp correction was expected after gold's surge in the last two months. Last week alone gold was up some 3% and silver surged by over 6% and profit taking and a correction was inevitable.
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Monday, November 12, 2007
Commodity Indexes Surpass Commodity Hedge Funds / Commodities / Exchange Traded Funds
By: David_Shvartsman
Commodity index investment products are helping mainstream investors ride the bull market in commodities. And as Bloomberg reports, this year the indexes have outperformed the leading commodity focused hedge funds.Read full article... Read full article...
Monday, November 12, 2007
Gold Falls Sharply in Europe / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $3.10 to $832.10 per ounce in New York on Friday and silver was up 1 cent to $15.48 per ounce. Gold was up some 3% last week and silver surged by over 6%.
In Asian and European trading both have sold off and gold is down to $815 per ounce at 1230 GMT. Profit taking, a fall in oil prices and tentative dollar strength are likely the primary reasons behind this much anticipated correction. Gold will likely find good support at the psychological level of $800 per ounce.
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Monday, November 12, 2007
Gold Drops 2.2% as Yen Surges, Asian Stocks Slump, Oil Dips & London Banks Bounce / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES fell sharply in early trade on Monday, retreating more than $19 per ounce from Friday's all-time record closing high as global equities continued to drop and the Japanese Yen spiked violently on the currency market.Read full article... Read full article...
Sunday, November 11, 2007
Weekly Gold and Silver Technical Analysis Report - Gold Technically Strong / Commodities / Gold & Silver
By: Merv_Burak
Gold just keeps on trucking but Wednesday may have been a critical day. Read on to find out why.
SIMPLICITY
If you can't make it simple then it ain't worth making. So said a wise old man -- but I know not who. Anyway I try to follow that motto as best as I can in these commentaries. That is also a major reason I am a technician. Technical analysis can be very simple (but too many try to make it difficult). On the other hand, fundamental analysis is just difficult -- just difficult. My hat off to those who can master it and are able to profit from it.
Sunday, November 11, 2007
Gold and Silver Analysis - Judgments Affirmed! / Commodities / Gold & Silver
By: Joe_Nicholson
Rising metals prices … tend to erode the credibility of fractional reserve lending and fiat currency. In all likelihood the FOMC would lower rates again if further calamity befell financial markets or the larger economy, but in the near term at least ... a battle being waged between anti-inflationary forces with the Fed in one camp, and broker/banker forces allied with major media attempting to force another cut on the other could talk down commodities. Currency arbitrage that lifts the dollar off its lows for a time might give the precious metals rally a breather. Targets in gold now range up to $845, and $15.80 in silver. In the interest of sustainable gains, perhaps a little retesting might be in order, at least the $800 level, to check for a possible floor there.Read full article... Read full article...
Sunday, November 11, 2007
How NOT To Lose Money Investing in Silver / Commodities / Gold & Silver
By: Roland_Watson
Silver has broken out of its correction phase, a new bull leg in silver has resumed and I am addressing the subject of losing money in silver. Have I gone mad or what? No and for two simple reasons which are displayed in graphical form below. The first is the silver spike of 2004 and the other is the silver spike of 2006. Read full article... Read full article...
Friday, November 09, 2007
Central Bank Gold Sales Agreement / Commodities / Gold & Silver
By: Julian_DW_Phillips
In the week ending 26 th October 2007, the decrease of €126 million in gold and gold receivables reflected sales of gold by two Eurosystem central banks (consistent with the Central Bank Gold Agreement of 27th September 2004) of 7.25 tonnes approximately.
What looks to be persistently high gold sales by the signatories of the Central Bank gold Agreement in the first month of the fourth year of the five year agreement, we contemplate what lies ahead for the agreement and the sales from there. It would seem that the Swiss are the larger of the two sellers, with either the French or the European Central bank as the other seller.
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Friday, November 09, 2007
Crude Oil and Gas Energy Complex Peaking? / Commodities / Crude Oil
By: Mike_Paulenoff
The big picture of the ProShares UltraShort Oil & Gas ETF (AMEX: DUG) continues to act and look like the establishment of a significant base-like formation that is on the verge of propelling the price structure considerably higher. Initial resistance resides at 41.50/60, followed by the prior rally peak at 42.08 (11/05), which if (when) hurdled should trigger upside acceleration towards 49.00-50.00 for a confrontation with the Mar-Nov down trendline. If my work proves correct, then it implies that the energy complex is peaking and that a significant downside correction is imminent. Read full article... Read full article...
Friday, November 09, 2007
Trading the Gold Stocks Bull Market / Commodities / Gold & Silver Stocks
By: Zeal_LLC
Gold, which was a scoffed-at pariah not too many years ago, suddenly finds itself on the verge of being almost sexy again. With this metal now challenging its all-time nominal high from January 1980, I am hearing from more ordinary non-market-following folks who are newly interested in gold investing.Read full article... Read full article...
Friday, November 09, 2007
Gold Remains Strong as Subprime Crisis Turns Into Full Blown Credit Crisis / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up $4.20 to $835.20 per ounce in New York yesterday and silver was up 18 cents to $15.47 per ounce. Gold has since treaded water and has traded sideways in Asian and European trading and is trading at $832.60 at 1130 GMT. Gold is down marginally in GBP and EUR with the euro and British pound strengthening somewhat. It is trading at £394.60 GBP (down from £395.20 ) and €566.50 EUR (down from €568).
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Friday, November 09, 2007
Gold Nears 11th Weekly Gain in Twelve as Art Market Slumps; Equities Slip Once Again / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES edged lower in London on Friday morning, nearing their 11th weekly gain in twelve but dipping to bounce off $828 per ounce as Asian and European stock markets slipped once again.Read full article... Read full article...
Thursday, November 08, 2007
Will Gold Hold On To Its Gains? / Commodities / Gold & Silver
By: Christopher_Laird
With gold ratcheting up to new highs in the $800's, we may easily see $850 and even $900 very soon. Oil is going out of sight, but there are some good fundamental reasons – like Yemeni pipelines blowing up, North Sea shutdowns, the ever present new manifestation of Mid East turmoil – and a Pakistani political crisis as they impose state of emergency measures. Of course with all this profit in the gold complex right now, some profit taking and consolidation is quite possible before $900. Read full article... Read full article...
Thursday, November 08, 2007
Gold Targets $1000 on Unprecedented Demand / Commodities / Gold & Silver
By: Gold_Investments
GoldGold surged a further $10.00 to $830.70 in New York yesterday. Silver surged to over $16 which is its highest level since 1981 and a 26 year high prior to falling but it remained up 5 cents on the day at $15.29. Gold has traded sideways in Asian and European trading and is trading at $832.50 at 1300 GMT.
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Thursday, November 08, 2007
Gold Holds in 1% Range Ahead of Bernanke Speech; Inflation Threatens to Create "Penniless Billionaires" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES moved sideways in a broad 1% range early Thursday, dipping to $828 per ounce just ahead of the London opening before regaining $832 by lunchtime.Read full article... Read full article...
Wednesday, November 07, 2007
Gold in the Perfect Storm – Got Leverage? / Commodities / Gold & Silver
By: Dudley_Baker
Investors in gold and silver have been richly rewarded the last few weeks as they have exploded to the upside. As we write this on Wednesday morning, gold is sitting on 839 (up 19) in the spot market and silver at 15.64 (up .40).Read full article... Read full article...
Wednesday, November 07, 2007
Gold Surges Towards All Time High As Safe haven Against Crashing Dollar / Commodities / Gold & Silver
By: Gold_Investments
GoldGold surged a further $13.60 to $820.70 in New York yesterday. Silver surged 57 cents to $15.24 in New York and has since surged over $16 which is its highest level since 1981 and a 26 year high (more on silver below). Gold continued to surge in Asian and European trading and is trading at $845 at 1100 GMT which is a new 27 year high.
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Wednesday, November 07, 2007
Gold Surges on China 's Dollar Comments as Stock Markets Slide; Private Investors Offered New Access to Gold Investment in Asia / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to surge past fresh 27-year highs early Wednesday, adding another $23 to Tuesday's $18 gain before slipping back to bounce off $838 per ounce by mid-morning in London.Read full article... Read full article...