Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, October 29, 2008
Wild Crude Oil Markets Long-term Trend / Commodities / Crude Oil
Sean Brodrick writes: When people ask me if I think crude oil is going to $50 or $150, I nod sagely and say: “Yes, probably.”
I'm not being flip. I'm simply giving both the short-term and the long-term timeframes.
Read full article... Read full article...
Wednesday, October 29, 2008
Gold Physical Demand at Record Levels Supply Delays and Shortages Deepening / Commodities / Gold & Silver
Gold continues to thread water after its recent sharp falls and there are very determined sellers in the futures market at the $740 to $750/oz level.The Letter, expressing some respect for gold's relative performance, points out that there "... is a strong seller of gold at the $740-$745 level…quite large; quite adamant and quite intent upon asserting his or its will upon the market." There is informed speculation that investment bank selling pressured gold this morning.
Read full article... Read full article...
Tuesday, October 28, 2008
Gold Priced in the Top 10 World Currencies / Commodities / Gold & Silver
"...Take a look at this chart of gold prices measured in the top 10 most important world currencies..."
SO the SPOT GOLD PRICE sank in October, dropping right back to 13-month lows at $683 an ounce.
Read full article... Read full article...
Tuesday, October 28, 2008
Exposing the Stealth Secrets of Investing / Commodities / Gold & Silver Stocks
Ongoing education, excellent connections and a wealth of experience combine to give John Pugsley insights that are both compelling and provocative. Using analogies as diverse as dribbling basketballs and stocking up on tuna when it's a bargain in the supermarket, he talks about the importance of patience, a focus on fundamentals and the criteria he's using to identify the next wave of winners.Read full article... Read full article...
Tuesday, October 28, 2008
Gold Consolidates in the range $700 to $760 / Commodities / Gold & Silver
After rising yesterday gold is up marginally again today and has continued to consolidate in the $700/oz to $760/oz range. Further consolidation is likely necessary after the sharp fall in recent days.Read full article... Read full article...
Tuesday, October 28, 2008
Gold Rallies as Dollar and Yen Correct / Commodities / Gold & Silver
THE PRICE OF GOLD BULLION continued to rally on Tuesday, rising to a four-session high above $752 per ounce as world stock markets also bounced after falling 12 times in 19 days in October.Read full article... Read full article...
Tuesday, October 28, 2008
Gold Technical Analysis and Forecast Video / Commodities / Gold & Silver
Gold at the moment is perplexing to a great many traders. To many it was a shock when gold recently traded below the $700 an ounce level. So the question is, what happened to the $2,000 an ounce target that most gold bugs were calling for?Read full article... Read full article...
Monday, October 27, 2008
Crude Oil Truth / Commodities / Crude Oil
I am not ready to step up to add the U.S. Oil Fund ETF (AMEX: USO) to our model portfolio just yet, but I am getting much friendlier to the idea technically. Looking at the weekly crude oil chart, it's the time of truth for nearby oil prices, as the price structure pressed against its 7-year support line in the $61.60 area, which was violated marginally this morning ($61.30), but NOT by 1-1/2% ($60.60), which would have triggered another bout of weakness to $55.00-50.00 next.Read full article... Read full article...
Monday, October 27, 2008
When Does Gold Trend Turn into a Bear Market? / Commodities / Gold & Silver
The action in gold on Thursday and especially on Friday was bullish, as well it might be after a near vertical drop of nearly $200 in just 2 weeks. In the article At what point does gold become a full blown bearmarket? posted on the site on 23rd it was made clear that the strong support in the $700 area needed to hold, otherwise gold would join copper and silver and many other commodities in being a bearmarket, at least as far as its paper price is concerned. Immediately after this article was posted gold dropped further to test this support, but on both Thursday and Friday it refused to close below $700, and on Friday a bullish candlestick, a long-legged doji, otherwise known as a "Rickshaw Man" showed up on the chart.Read full article... Read full article...
Monday, October 27, 2008
Gold Price Performance During Recessions / Commodities / Gold & Silver
Someone recently wrote in a dismissive, almost pompous, tone something to the effect of, "Everyone knows gold doesn't do well in recessions". But, is that true? Well, it depends...Read full article... Read full article...
Monday, October 27, 2008
Gold Remains Safe Haven Amid Global Currency & Stock-Market Crash / Commodities / Gold & Silver
THE SPOT PRICE OF GOLD BULLION sank and then bounced hard vs. the Dollar early Monday, whipping violently against all major currencies as world stock markets added to this year's 40% losses to date."While [the crucial Indian festival of] Diwali is just one day away in India," notes precious-metals dealer Mitsui in London today, "it is important to note that physical demand is strong globally, and this may help to support the Gold market at these levels.
Read full article... Read full article...
Monday, October 27, 2008
When Gold Will Bottom? / Commodities / Gold & Silver
In short, gold will bottom when stocks bottom and the dollar bounce falters - unless fund managers run out of gold to sell before either of the other two events occur (or unless global investors suddenly come to their senses. Good luck on that one!)
In times like these, anyone would be crazy to predict an actual time when COMEX gold will reverse itself and start rising again, and you'd be crazy to believe it if someone did. At this point, nobody can say it will be tomorrow, or next week, or whatever. On the other hand, it is indeed possible to offer some common sense, bedrock parameters that will tell you that the bottom is in for our favorite derivative to start coming back from the road kill category.
Read full article... Read full article...
Monday, October 27, 2008
Bear Market Deleveraging Producing Incredible Value in Agri-Foods / Commodities / Agricultural Commodities
While a bear market is not fun, we should acknowledge the benefits. First, it will eliminate much of the “hedge” fund industry, those that helped create the mortgage debacle and artificially inflated so many asset prices. Investing will be so much better after they are gone. Second, incredible values are being created in markets as these leveraged funds are liquidated. Investors should be looking at these values, rather than in lemming fashion following those mistaking today for 1930. Agri-Food, for example, is not in any way in the same condition as it was in that era.Read full article... Read full article...
Saturday, October 25, 2008
Gold Hits New Bear Market Low / Commodities / Gold & Silver
New bear market lows in gold but not really confirmed by the indicators. Are we in for a rally here? One would be nuts to predict with any certainty. However, we can confirm where we are, if not where we are going.
GOLD : LONG TERM - That $750 P&F projection mentioned last week didn't stand a chance. By the end of the week the P&F chart dropped as low as the $690 unit before rebounding during Friday up to the $750 unit. Now what? The rebound is nice but at this point does not imply a rally of any significance in progress. So we still have the $630 and possibly the $480 levels to look forward to.
Read full article... Read full article...
Friday, October 24, 2008
Gold's Fate Linked to Euro? / Commodities / Gold & Silver
Gold and the streetTRACKS Gold Shares (NYSE: GLD) are having an interesting session... but their fate may be increasingingly linked to the direction of Euro/$ (or perhaps Euro/Yen these days). Let's notice that at today's low, the Euro/$ appears to have satisfied an equidistant 2-leg correction off of its July high, and is attempting to hold and to rally off of the 1.2500 equidistant support area.Read full article... Read full article...
Friday, October 24, 2008
Gold Market Plunge Technical Analysis / Commodities / Gold & Silver
It was déjà vu in the Comex gold market yesterday as the recent sharp selloff continued. Bearish sentiment remains at extreme levels and all notions of fundamental value are being thrown out the window as the financial crisis morphs into a global economic crisis. Stock, commodity and many currency markets internationally are in meltdown on panic selling.Read full article... Read full article...
Friday, October 24, 2008
U.S. Dollar Driven Gold Price Crash / Commodities / Gold & Silver
During this unprecedented month where the flagship S&P 500 has plummeted 23.0%, it isn't surprising this brutal stock-market selloff is monopolizing investors' attention. Thus gold's poor performance is largely flying under the radars. Month to date, this metal is down a massive 15.6%! This combined with the intense stock fears have led to an unthinkable 46.4% October decline in the HUI gold-stock index.Read full article... Read full article...
Friday, October 24, 2008
Financial Markets Meltdown a Nightmare for Baby Boomers / Commodities / Gold & Silver Stocks
The continuing meltdown in the financial markets has not played well for the masses of baby boomers. Their losses in 401k's and other assets are probably down on the order of 30% - 40%, minimum.Read full article... Read full article...
Friday, October 24, 2008
Gold Buying Opportunity and Hedge Against Uncertainty / Commodities / Gold & Silver
Perhaps the most interesting development during the intensification of the credit crisis is that the price of gold did not climb higher than it did. Upon the initiation of the crisis in August 2007, the price of gold surged reaching a high of $1002.95 on March 14, 2007. Since then the cost of the precious commodity has fluctuated with the most recent price action sending it to recent lows of 725.74. However, given the pervasive uncertainty in markets we think that this represents a strategic buying opportunity on the back of our bullish call for gold to spike towards $1100 in 2009 with the potential for a much larger move over the longer term.Read full article... Read full article...
Friday, October 24, 2008
Spot Gold Hits New Low as Stocks and Sterling Crumble / Commodities / Gold & Silver
THE SPOT PRICE OF GOLD sank yet again Friday morning, sinking to a fresh 13-month low for US buyers at $683 per ounce.Global stock markets and commodity prices also crumbled once more in the face of huge gains in the Dollar and Yen – the two currencies most owed by leveraged investors worldwide.
Read full article... Read full article...