Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, September 06, 2007
Commodity Markets Analysis - Central Banks to Curtail Plans to Sell Gold / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $683.50/684.00 an ounce as of 1215 GMT.
Gold has continued to show strength in Asian and European trading. Gold is being supported by a weaker dollar and near record oil prices again. The continuing uncertainty in the financial markets is likely to be leading to an increase in safe haven buying as well.
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Thursday, September 06, 2007
Can the "Bernanke Put" Lift Gold Sharply Higher? / Commodities / Gold & Silver
By: Gary_Dorsch
“I only know of two men who really understand the true value of gold, an obscure clerk in the basement vault of the Banque de Paris and one of the directors of the Bank of England. Unfortunately, they disagree,” remarked Nathan Mayer Rothschild, the former owner and operator of England's Royal Mint Refinery, and the primary gold agent to the Bank of England in the early 1800's.
When the Bank of England's gold reserve was drained by the costs of the Napoleonic wars, down to 235,000 ounces (£1 million) against note issue liabilities of £15.5 million, it was Nathan who sent secret shipments of gold and silver to Wellington's army in Europe and financed the defeat of Napoleon. In 1825, it was Nathan who rescued the Bank of England and prevented the collapse of the entire British banking system, after a run on gold caused the collapse of 145 banks.
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Wednesday, September 05, 2007
Gold Seasonal Move Starts in September. But Do Not Celebrate Yet / Commodities / Gold & Silver
By: Donald_W_Dony
After a long and dull summer, gold is about to enter its normal seasonal strong period. Much of the increase comes from the increased demand of the Indian wedding jewelery industry in the 4th quarter. But extra momentum is also normally delivered from the declining U.S. dollar. However, as the currency is now resting on solid support at $0.80, is the near-term outlook for gold that bright?
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Wednesday, September 05, 2007
Commodity Markets Analysis - Gold Looks Set to Challenge $700 / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $679.50/680.00 an ounce as of 1215 GMT.
Gold has traded sideways to slightly down in Asian and European trading after yesterday's strong performance with gold rallying 1.3% to $682.30. Read full article... Read full article...
Wednesday, September 05, 2007
Gold in "New Bull Market Upward Phase"; Holds Key Highs vs. Dollar, Euros & Sterling / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked lower during Asian trade on Wednesday, just dipping below $680 at the opening in Europe but recording the highest AM Fix in London since July 24th – nearly 0.9% above yesterday's start – at $679.50 per ounce.
Gold also held at yesterday's highs against the Euro and British Pound, but it slipped back from Tuesday's three-week high against the Yen, as the Japanese currency rose on the forex market.
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Wednesday, September 05, 2007
Glittering Gold Emerges from Bullish Coil Pattern / Commodities / Gold & Silver
By: Mike_Paulenoff
There are multiple reasons why gold and its ETF, the streetTRACKS Gold Shares (NYSE: GLD), could be emerging (finally) from a 15 month sideways bullish coil pattern.
To start, the GLD has been in a powerful bull trend since its Feb. '04 low at 41.00. In addition, the dollar has been relatively weak recently, and has been in a powerful stair-step downtrend versus the euro since Nov. 2005 (1.1640), which is a very supportive underlying factor for gold.
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Wednesday, September 05, 2007
Are Your Precious Metals Investments Held By A Third Party? / Commodities / Gold & Silver
By: Mike_Clark
When having precious metals investments held by the selling dealer or another custody company, how can investors know their precious metals really exist and that they are, in fact, being securely stored for their benefit?
When buying precious metals, or any investment for that matter, most investors today take precautions to ensure they are dealing with a reputable seller, so they can be confident their transactions will be completed properly and delivery of the investment products they purchase will actually be made. These investors may ask for, and check the dealer's references or investigate the dealer's history of service and performance by some other means, before they proceed to transact business with that dealer.
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Tuesday, September 04, 2007
Gold Rallying Towards Resistance / Commodities / Gold & Silver
By: Mike_Paulenoff
Spot Gold prices are about $9 higher this AM, and appear to be heading for a confrontation with $700.... which is lifting the streetTRACKS Gold Shares (NYSE: GLD). As we speak the GLD is heading for a test of its major resistance line (67.60) that originated at the May 2006 high at 72.26. In that my pattern, momentum and cycle work argue for upside continuation, I have to believe that the powerful resistance line with be hurdled on the way to a test of the April 2007 high at 68.73 (next target).Read full article... Read full article...
Tuesday, September 04, 2007
GOLD UPSIDE BREAKOUT ALERT! / Commodities / Gold & Silver
By: Clive_Maund
Gold is now in position to break above last year's highs and embark on a major uptrend. On the 2-year chart we can see how, just by virtue of tracking sideways in a narrow range in recent weeks, it is getting clear of the resistance in the vicinity of the Distribution Dome, which of course signals that the distribution phase in the dome pattern is over - those who wanted to sell have done so. While there remains a residual danger of a Head-and-Shoulders top completing as shown on the chart, this risk is now regarded as minimal for reasons that will soon become clear. Read full article... Read full article...
Tuesday, September 04, 2007
Silver Very Bullish Commitment of Traders Report / Commodities / Gold & Silver
By: Clive_Maund
A week or so ago some financial reporters went on a quest to find silver bulls and gave up and went looking for lottery winners instead.
At first glance the silver chart looks terrible, with last month's dramatic breakdown below an important support level causing its moving averages to roll over and momentum to break to an 11-month low, and appears to confirm a Double Top with last year's highs, with the price accelerating away to the downside. So the pullback of the past couple of weeks towards what is now resistance is understandably regarded by many disenchanted bulls as an opportunity to quit in disgust at a slightly better price. However, as we shall see, there is now strong evidence that the August plunge was a final capitulative flushout, and that sophisticated traders have been gleefully mopping up the abundant supply in recent weeks from the disillusioned habitual losers, principally the Large Spec traders.
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Tuesday, September 04, 2007
Commodity Markets Analysis - Commodities Trend Sideways / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $673.20/673.70 an ounce as of 1215 GMT.
Gold has again traded sideways in Asian and European trading after yesterday's lacklustre trading with the U.S. markets closed for Labour Day holiday. Read full article... Read full article...
Tuesday, September 04, 2007
Gold Hits Four-Week High; Credit Crunch "Barely Begun" for German Banks / Commodities / Credit Crunch
By: Adrian_Ash
SPOT GOLD PRICES rose steadily against the US Dollar in early London trade, nearing a four-week high of $675 per ounce as Wall Street got back to work after Labor Day.
The metal also touched new three-week highs against the Euro and British Pound, but it held flat versus the Yen as the Japanese currency – source of $1,050 billion in lending by the end of April according to a new report from Bank for International Settlements – rose in the forex market.
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Monday, September 03, 2007
Silver's Subtle Bearish Signals for Commodities / Commodities / Gold & Silver
By: Brian_Bloom
Below is a Relative Strength Chart of Gold:Silver.
A 3% X 3 box reversal scale has been chosen to eliminate trading noise.
What the chart shows is that, by and large, gold has been under performing silver since 2003, but that this relative under performance may have bottomed.
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Monday, September 03, 2007
Keeping Tangible Assets Safe and Secure / Commodities / Gold & Silver
By: Mike_Clark
Be they rare coins, stock certificates, jewelry, personal mementos or family heirlooms, how we choose to protect the assets we deem valuable (and perhaps irreplaceable), is an important consideration involving many factors.
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Monday, September 03, 2007
Gold Holds Steady as Wheat & Oil Rise; "Busy Autumn" Ahead, Warns Analyst / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES traded in a $2 range early Monday, dipping below $672 per ounce in Asia before regaining Friday's three-week high in London.
New York is closed today for the Labor Day holiday.
"In Asia the gold market is primarily driven by physical buying and physical demand has slowed down at this price level," said Ellison Chu at Standard Bank Asia in Hong Kong to Bloomberg earlier.
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Monday, September 03, 2007
Commodity Markets Analysis - Gold Demand Continues to Rise / Commodities / Gold & Silver
By: Gold_Investments
Gold
Spot gold was trading at $672.20/672.70 an ounce as of 1215 GMT.
Gold has traded sideways in Asian and European trading after last week's strong performance with gold rallying to a 3 week high. Gold again showed its safe haven qualities in August and was up 1.3% for the month after being up 2% in July.
Gold is looking healthy and strong but needs to rise above the resistance at $675. Since the start of August it is in a tight range between $648 to $675 and gold needs to convincingly breach the $675 mark prior to challenging $700 in the coming weeks.
Monday, September 03, 2007
Silver Verses Gold? / Commodities / Gold & Silver
By: Bob_Kirtley
As you already know the team here are gold , silver and uranium bugs and we regard all three as precious metals. However in recent months a number of analysts have placed gold ahead of silver in terms of which will generate the best returns. Some of our readers have wrote and asked if we agree that gold will be the better performer?
The short answer is no we do not agree .
Firstly we will look at why they might think this way by bringing up this short-term chart of silver verses gold :
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Sunday, September 02, 2007
Gold and Silver Analysis - Precious Points: Notes from the Maestro / Commodities / Gold & Silver
By: Joe_Nicholson
“An important support for gold rallies… the $667/74 range will have to hold for a serious attempt at higher levels to be considered. The resistance between $682 and $686 still looms, however. Silver… with resistance just above $12 still keeping a lid on upward movement... reacted well to the 5-day moving average which… at least puts a level of support between the current price and targets as low as $9.50. Should the economic outlook deteriorate into anything resembling a recession or a deflationary spiral, there is no doubt the Fed will aggressively seek to remedy the situation, the eventual consequence of which will be a new leg in the precious metal bull, short term liquidations notwithstanding.” ~ Precious Points: The Question of Deflation , August 25, 2007
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Saturday, September 01, 2007
Gold Will Gain From Both the Liquidity Supply for Stable Money Creation and to Prevent Money Shrinkage / Commodities / Gold & Silver
By: Julian_DW_Phillips
Many, many times we have opined that the Fed would not fight inflation at the expense of growth and that proved true last week. This concept permits a measure of inflation and it permits the issuance of money headed overseas to promote world growth [paying for imports], called ‘stable' money creation. But as we are all aware the over-issuance of money [supplying more than necessary to provide just the right amount of the medium of exchange to make the economy [global as well as local] function with stable prices, has now had a long history one likely to get longer too.Read full article... Read full article...
Saturday, September 01, 2007
Commodities Pause in Upward Climb / Commodities / CRB Index
By: Donald_W_Dony
KEY POINTS:• CRB pauses again in upward path. 320 offers stiff resistance
• Oil reaches seasonal high in August. Slow drift to 4th qt. low in motion
• Natural gas should begin short period of stronger demand in September
• Copper weakens with drop below support level, drifts to $3.00
• Gold to test $650 support level in September of deterioration.
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