Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, September 03, 2008
Gold Undergoing New Bearish Consolidation / Commodities / Gold & Silver
By: Mike_Paulenoff
The near-term pattern and technical set-up earlier this morning in spot gold -- which corresponds to the SPDR Gold Shares (NYSE: GLD) for ETF traders -- pointed to an upside thrust to test key near-term resistance at $810.65 concurrent with a test of key near-term euro/$ resistance at 1.4450/80. While the euro did rally a touch above 1.4480, the rally did not sustain, which helped to thwart the rally attempt in spot gold, which failed to claw its way above $810.00. Read full article... Read full article...
Wednesday, September 03, 2008
China and India Demand to Fuel Agri-Foods Bull Market / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
If one listens to the popular business media, commodities are dead. When paper oil was trading at $147, the sky was the limit. Now, all is going down. Perhaps they are little more than trend followers? What we really need to know is if the world is awash in grains. Truth is, that view does not in any way describe the global situation. The world has entered an era, ten years or more remaining, when Agri-Food will be in short supply. Whether China grows at 11+% or 9% does not change the conclusion.Read full article... Read full article...
Wednesday, September 03, 2008
Strong US Dollar Blasts Gold to Below $800 / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical gold sank below yesterday's two-week low early in London on Wednesday, dropping to $790 before bouncing to $801 an ounce as Western stock markets fell sharply.US Treasuries rose, pushing real yields after inflation almost 2% into the red on the 10-year bond, while the Euro slipped below $1.44 on the currency markets – a fresh six-month low.
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Wednesday, September 03, 2008
Gold Slide Continues Despite Soaring Inflation and Unprecedented Demand / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell in early trading in London on further falls in oil prices ($108.24 a barrel - Light Sweet Crude Oil Future - Combined - OCT08) and on the continuing rally in the dollar (reached 1.4386 to the Euro) but gold has recovered some of its early losses.
Concerns regarding the outlook for corporate profits internationally and for the health of the global economy is weighing on stock markets and should lead to safe haven demand for gold as it did in the first year of the credit crisis.
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Tuesday, September 02, 2008
China Demand WIll Continue to Drive Commodities Bull Market / Commodities / Resources Investing
By: Money_and_Markets
Tony Sagami writes: When I am in Asia, I'll talk to anyone I think can help me find the next home run stock. I have often learned a great deal by talking to bellmen, taxi drivers, sales clerks, or the lone diner at the table next to me. And some of the most useful information I've ever gathered comes when (and where) I least expect it.
The latest example of this came during my recent trip to Beijing, where I spent a Sunday walking the Mutinayu section of the Great Wall of China.
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Tuesday, September 02, 2008
Gold Used as Political Weapon Could See Bounce Back above $900 / Commodities / Gold & Silver
By: Captain_Hook
Gold is a political metal, where to this day its primary movements are still governed more by politics than any other factor taken in the proper light. You see it's all about the dollar ($), and it's role as global hegemony, where post World War II its imposition as the world's reserve currency was in effect de facto / soft colonialism and economic domination. So, gold's rise since 2001 is actually the measure of global de-colonization in effect, with recent actions taken by Russia in Georgia an acceleration of the trend. That's right, and while Russia may not have the ‘superpower' status it was credited with up until the Union's fall, which accelerated with the dismantling of the Berlin Wall in 1989, it has been re-organized under Putin into a regional power of strategic (perhaps supreme with its energy related stranglehold on the rest of Europe) importance, both economically and militarily once again.Read full article... Read full article...
Tuesday, September 02, 2008
Gold Follows Crudes Slide Lower / Commodities / Gold & Silver
By: Mark_OByrne
In light Labour Day trading gold fell yesterday as Hurricane Gustav did not impact the Gulf of Mexico as severely as had been expected.
Gold has continued to fall in trading in London as oil prices have continued their recent slide and are down nearly 5% to near $105 a barrel (Light Sweet Crude Oil Future - Combined - OCT08) and the dollar has risen to a 7 month high against the euro (below $1.45) and the US dollar index has risen to a 10 month high.
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Tuesday, September 02, 2008
Gold Targetting ABC Trend to $900 / Commodities / Gold & Silver
By: Joe_Nicholson
“In Elliott wave terms, last week's rally could very well have been a 4 of C consolidation before the final lows. Both gold and silver failed to take out a key support/resistance level just above Friday's closing levels. Neither managed to have their rallies confirmed by MACD, which actually widened negatively in both cases. And, whereas gold is poised for a bearish crossover over the 50-week sma over the 5-, silver has already done it. Both gold and silver remain well below their 5-week moving averages. If this is the beginning of a new leg to the bull market, there's still lots of work to do before we have anything approaching confirmation. ~ Precious Points: One More Low to Go? August 23, 2008Read full article... Read full article...
Monday, September 01, 2008
Gold in a Bull or Bear Market? / Commodities / Gold & Silver
By: Brian_Bloom
First off, let me declare that I am not a congenital bear on gold. Fundamentally, I am convinced that gold is the most valuable commodity on the planet. I just happen to believe that it never was nor ever will be a currency. I hold this belief because the evidence seems to me to point to this conclusion, not because I have some deep seated drive to challenge the combined views of the gold community. Read full article... Read full article...
Monday, September 01, 2008
Gold and Oil Slump as Hurricane Gustav Weakens / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD slipped out of a tight 0.5% range lunchtime in London on Monday, moving below last week's close at $831 per ounce as world stock markets fell and bond prices rose.Crude oil slid back to $114 a barrel as Hurricane Gustav moved towards Louisiana , closing every oil-rig in the Gulf of Mexico but not gaining strength as it approached a near-deserted New Orleans .
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Monday, September 01, 2008
Commodities Bull Market Over? / Commodities / CRB Index
By: Salman_Khan
Recent days have seen an intense debate on the hot topic of the year — commodity prices. We have seen commodities across the board tumble in the past few months. Pessimists have started writing obituaries for the commodity bull and pronounced an end to the ascent in commodity prices. The scale of the rout can be seen in the Reuters-Jefferies CRB index, a basket of 19 commodities, which has fallen below 400 points to its lowest level since early April, a drop of about 14 percent since a record peak above 473 in early July.Read full article... Read full article...
Monday, September 01, 2008
Australian Gold Production Slumped 13% in the Last Quarter to an 18 Year Low / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged at the open in Asia (from $830/oz to just over $836/oz) but has given up some of the early gains in volatile trade. It remains marginally higher in early trading in London but is under pressure due to continuing dollar strength and the failure of oil to rally significantly despite the threat posed by Hurricane Gustav.Read full article... Read full article...
Monday, September 01, 2008
Hurricane Storms Impact on Crude Oil Price / Commodities / Crude Oil
By: Clif_Droke
Since January we’ve discussed the influence that the 6-year cycle would have over the year 2008. Already we’ve seen many tokens of its impact, primarily in the financial markets. The late banking crisis and subsequent spillover into other areas of the market have been one of the most prominent features of this year.One of the main reasons why financial markets have been so volatile and subject to so many cross currents this year is because the 6-year cycle is bottoming while its double cycles, the Kress 12-year cycle, is peaking. The last time the 12-year cycle bottomed was in late September/early October 2002 and its effects on the stock market are well known. It produced the end to the previous bear market that year and marked the birth of a new bull market.
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Monday, September 01, 2008
Gold Short-term Bounce Masks Longer-term Bearish Indicators / Commodities / Gold & Silver
By: Merv_Burak
The market was somewhat positive during the week but that impression seems to fall apart when one takes a good look at the daily figures. Two days on the down side. Two days where gold closed lower than where it opened. Only one day where gold closed higher from the open AND previous close. Read full article... Read full article...
Monday, September 01, 2008
Business Contracts With Clauses for Payment in Gold / Commodities / Gold & Silver
By: Alex_Wallenwein
A recent US Court of Appeals decision puts Congress' 1977 re-authorization of gold clauses back on the map - just in time to help business owners protect themselves from progressive, terminal dollar-decay
Only a few days before publication of this article, the US Court of Appeals for the Sixth Circuit handed down its opinion in 216Jamica Ave. LLC v. S&R Playhouse Realty Co. , holding that a 1982 amendment and assignment of a 1912 lease constituted a "novation" that effectively revived a gold clause that was part of the original lease agreement.
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Sunday, August 31, 2008
Hurricane Gustav Tracking New Orleans East of Oil and Gas Rigs / Commodities / Crude Oil
By: Mike_Shedlock
Those interested in Hurricane Gustav should tie into the Oil Drum thread Hurricane Gustav, Energy Infrastructure, and Updated Damage Models - Thread #3 .
Recent track shifts have Gustav consistently hitting near New Orleans, east of the majority of oil and gas rigs; though this could still change in either direction, the models have continued to converge.
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Saturday, August 30, 2008
Gold Sale Spurs Manipulation Talk / Commodities / Gold & Silver
By: Mike_Shedlock
MarketWatch is reporting Gold Sale Spurs Manipulation TalkRecent heat from Congress and regulators, along with public speculation, over whether commodity prices are being manipulated has also reached gold pits, where the debate was stirred by a surge in bets last month that gold prices would fall.
"Congress is already investigating allegations of manipulation in the oil market, and it seems likely that it is only a matter of time before a similar investigation will be required in the precious metal markets," said Mark O'Byrne, executive director at Gold and Silver Investment.
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Friday, August 29, 2008
Gold Bull Market Confusion Presents a Golden Opportunity / Commodities / Gold & Silver
By: Andy_Sutton
You know there is something wrong when financial commentators are forced into being weathermen. During the better part of this new century, we have dealt with tightness in oil supplies and dire warnings of woe that would befall us should a hurricane get loose in the Gulf of Mexico . During this same period, we have been bombarded by higher costs across the full spectrum of items that are considered to be staples of living the in United States . Yet officials and media pundits have stubbornly insisted that inflation is ‘contained' or recently that it ‘will cool next year'. Read full article... Read full article...
Friday, August 29, 2008
Total War on Private Wealth: Operation Meltdown Part II / Commodities / Gold & Silver
By: Adrian_Ash
Part I, "...The 'total war' of the 20th century first required a 'total war' on freely held private wealth..."
IT SEEMS AN ODD QUIRK of history that Washington 's post-War obsession with its nationalized gold reserves – an obsession which Ian Fleming neatly tapped into with Goldfinger in 1959 – came so long after what historians call the "classical" Gold Standard ended.
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Friday, August 29, 2008
Gold Bull Market Set to Resume on Strong Fundamentals / Commodities / Gold & Silver
By: Zeal_LLC
As the precious metals summer doldrums come to a close, we need to assess the damage from another season of gold hatred and disdain. Like déjà vu for veteran gold investors, the mainstream financial media took advantage of gold's seasonal weakness to proclaim the death of the Ancient Metal of Kings.
From a technical perspective gold's summer activity indeed gave the naysayers fodder to jump on the “End of the Gold Bull!” and “Gold's Bubble has Burst!” bandwagons. Gold's $190 plunge from mid-July to mid-August saw it knife through a number of key support levels. This caused blood to flow in the streets even for the gold faithful.
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