Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, October 07, 2008
Countertrend Rally for GDX Gold Mining ETF / Commodities / Gold & Silver Stocks
My near-term technical pattern and momentum work in the Market Vectors Gold Mining ETF (AMEX: GDX) argues that a meaningful near-term low was established yesterday at 25.30 and that a countertrend recovery rally already is in progress that should propel price to at least 29.80-30.00 and thereafter to 32.00.Read full article... Read full article...
Tuesday, October 07, 2008
Real Price Of Gold Soars / Commodities / Gold & Silver
Gold in "Real" terms is soaring. "Real" in this case means how much an ounce of gold will buy. Let's compare gold to a commodities, to silver and to the stock market, starting with a basket of commodities as measured by $CRB commodities index. Charts are as of 2008-10-06.Read full article... Read full article...
Tuesday, October 07, 2008
Gold Pushes Higher as Silent Bank Run Continues / Commodities / Gold & Silver
GOLD BULLION PRICES rose further in London on Tuesday, touching $888 an ounce and unwinding last week's action entirely as world stock markets rallied from their new record sell-off.Rumors starting late in New York ran from Tokyo to London, claiming that the US Fed and other big central banks are set to slash global interest rates in joint action.
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Tuesday, October 07, 2008
Credit Crisis Bailouts A Calamity Of Errors / Commodities / Gold & Silver
Between Lehman Brothers and the AIG bailout , Western central banks have already printed somewhere in the neighborhood of half a trillion dollars this week, and it's not over as Washington Mutual, amongst others, are said to be up next. While undoubtedly being a record for such largesse, because these measures are simply monetizing bad debt of insolvent companies, as pointed out previously, the effect on the consumer's liquidity condition is minimal. In fact, when you add up all the stock market losses, amongst other things , the average investor remains worse off, and deteriorating.Read full article... Read full article...
Monday, October 06, 2008
Gold and Silver Price Manipulation / Commodities / Gold & Silver
An Official Market and a Free Market in Gold and Silver. I remember when I lived in Brazil the local currency was like confetti and if you wanted to protect yourself against inflation and currency collapse you had to hold U.S. dollars. Holding dollars, if you could get a hold of it, was very worthwhile as every month that went by you could buy a great deal more of cruzeiros, new cruzeiros, cruzados or reais.Read full article... Read full article...
Monday, October 06, 2008
Gold Leaps on Failed Bailout Economic Deflation Fears / Commodities / Gold & Silver
SPOT GOLD PRICES jumped $34 early in London on Monday, bouncing well above last Friday's low at $820 to touch $860 an ounce as world stock markets sank in the face of desperate promises of Tax-Funded Aid from major governments.Read full article... Read full article...
Sunday, October 05, 2008
Gold Stock Investors Looking at Huge Losses / Commodities / Gold & Silver
The magnification factor at work, on the down side. Gold drops less than 5% while gold stocks drop more than 15%. It worked on the up side, now we see it working on the down side. Although a long term bear market in gold bullion may be argued it sure is a bear for stocks with the average stock down 52% since their highs only a few months back.Read full article... Read full article...
Saturday, October 04, 2008
Kerry Smith: Metals & Mining Portfolio Building During Chaotic Times / Commodities / Metals & Mining
A veteran analyst, Kerry Smith of Haywood Securities covers a broad range of companies in the mining sector, from juniors to mid-tiers to majors, from explorers and developers to producers, from base to noble metals. In this exclusive interview with The Gold Report , he covers a lot of territory, discussing the outlook for gold, the next stage of sector consolidation and the rough political terrain in some of the world's most resource-abundant geographies.The Gold Report: How should investors play this market, and what's your outlook for commodities, gold in particular?
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Friday, October 03, 2008
Manipulation of Gold and Commodity Prices to Prevent Inflation and Higher Interest Rates / Commodities / Market Manipulation
The Invisible Hand and the Pox Known as Usury - First, from Wikipedia, a little background on usury :
Usury (pronounced /ˈjuːʒəri/ , comes from the Medieval Latin usuria , "interest" or "excessive interest", from the Latin usura "interest") originally meant the charging of interest on loans. After countries legislated to limit the rate of interest on loans, usury came to mean the interest above the lawful rate. In common usage today, the word means the charging of unreasonable or relatively high rates of interest…..
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Friday, October 03, 2008
Central Bank Gold Sales Coming to an End? / Commodities / Gold & Silver
In the week ending 26th September 2008, the final week of the fourth year of the Central Bank Gold Agreement, two Eurosystem central banks sold less than 1 tonne of gold to complete the fourth year's sales. This makes a total for the year at around 345.5 tonnes of gold sold by the signatories.Read full article... Read full article...
Friday, October 03, 2008
Commodities ETFs and ETNs XLY, XLP, XLE, XLF, XLV, XLI, XLB, XLK, XLU / Commodities / Exchange Traded Funds
In December 1998 the Select Sector SPDRs were born. And this proved to be a groundbreaking and historic event that has forever altered the way people invest in the stock markets. These nine exchange-traded funds (ETFs) are a core group of ETFs that allow investors to customize their portfolios with focus on individual sectors that collectively make up the S&P 500.Read full article... Read full article...
Friday, October 03, 2008
Gold Falls with Euro, Stock Markets, Crude Oil & US Jobs / Commodities / Gold & Silver
SPOT GOLD PRICES fell hard into the Wall Street opening on Friday, losing 2% to reach a new two-week low of $824 an ounce as Asian stock markets closed sharply lower.European shares reversed earlier gains. Crude oil slid back to $94 per barrel.
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Friday, October 03, 2008
Gold Sharp Fall Despite Surging Investor Demand Blamed on Short-sellers / Commodities / Gold & Silver
Gold fell sharply yesterday on lower oil prices and the recently surging dollar, despite unprecedented physical demand for coins and bars in the UK, US and internationally ( gold closed at $840.40 down $40.20 while silver closed at $11.57 down $1.04 ).As warned yesterday, anything is possible in the short term in these markets and leveraged trading in futures, CFDs and spread betting is an extremely high risk endeavour in the current markets and not advisable.
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Thursday, October 02, 2008
Resolve the Credit Crisis by Recapitalising the Banks with Gold / Commodities / Gold & Silver
Privatising profits, socializing losses (The Gold Standard Strikes Back... Part 2)
The 0.7 trillion dollar bailout plan of Treasury Secretary Paulson must be seen for what it is: a scheme to privatize profits while socializing losses. The scare tactics with which he was trying to railroad it through Congress has failed and the world is better for it. The malady has to be diagnosed properly. I summarize the popular diagnosis in five points.
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Thursday, October 02, 2008
Gold Awaits US Bail-Out Final Approval / Commodities / Gold & Silver
THE PRICE OF GOLD sank 2.1% Thursday morning in London, dropping to a two-week low near $850 an ounce – the very peak of gold's last bull in Jan. 1980.
Asian stock markets closed the day lower, while European shares gave back an early rally despite the overnight vote in Washington supporting the $700 billion bail-out for banks.
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Thursday, October 02, 2008
Central Banks Starting to Buy Gold? / Commodities / Gold & Silver
Gold rose yesterday despite continuing dollar strength and falling oil prices ( gold closed at $880.80 up $6.80 while s ilver closed at $12.71 up 53 cents ). Once again in after hours trading there was determined selli ng which pushed the price as low as $862/oz in Asia prior to rallying in early European trade to over $870 /oz.Read full article... Read full article...
Thursday, October 02, 2008
How to Ride the Coming Precious Metals Rally / Commodities / Gold & Silver
Sean Brodrick writes: Global markets are whipsawing right now as the Federal Government tries to put out a fire in the credit markets with a flood of liquidity. But the rescue plan is failing. As a result, credit markets are spiraling into a deep freeze, threatening to destabilize the U.S. dollar.
Investors are running for cover ... because it sure beats jumping out the windows. Cash is good, to be sure. But if you're looking for your own golden parachute, consider my favorite yellow metal.
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Wednesday, October 01, 2008
Crude Oil Rally Fails / Commodities / Crude Oil
Crude oil prices are down about 7% from the intraday high and point towards a retest of the September lows at 93.36 and 90.50 next. Let's notice that yesterday's rally and today's initial attempt at extending yesterday's rally failed right at the sharply declining 20 DMA, which also represents the mid-point of the (width) of the declining Bollinger Bands. This is classic action: in a bull market, pullbacks find support at the rising 200 DMA, while in a bear market rallies fail and reverse to the downside from the declining 20 Day -- as is the case right now. I expect oil prices to plunge through the September lows on the way $80 next. Lower oil equates to a downside target of 70.00 in the US Oil Fund ETF (AMEX: USO).Read full article... Read full article...
Wednesday, October 01, 2008
Financial Panic Sees Socialists Fighting to Save Capitalism / Commodities / Gold & Silver
THE PRICE OF SPOT GOLD bounced 1.6% from an overnight low of $860 on Wednesday, steadying at $876 an ounce as Western stock markets ticked higher despite a raft of miserable Eurozone data.Crude oil rose back above $100 per barrel, while long-dated government bonds continued to rise in price, pushing yields still further below the rate of inflation.
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Wednesday, October 01, 2008
$700 Billion Banking Bailout Will Drive Crude Oil to $250 / Commodities / Crude Oil
Keith Fitz-Gerald writes: I've been predicting record oil prices for a number of years now, so when crude oil prices recently plunged from their record highs, I warned investors and consumers that the decline was nothing more than a temporary respite.
But now it's clear that the fallout from the $700 billion banking bailout pact will virtually guarantee that my prediction will come true.
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