Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, September 22, 2008
Mounting Upward Pressure on Gold / Commodities / Gold & Silver
By: Mike_Paulenoff
The only thing my work is telling me for certain in the SPDR Gold Shares (NYSE: GLD) is that the upmove off of the 9/11 low at 72.51 needs a new high (above the 9/15 high at 90.78) prior to completion. The only issue for me is whether the GLD will pull back towards 85.50-85.00 prior to the surge above 90.78, or if the price structure is in the thrust right now?Read full article... Read full article...
Monday, September 22, 2008
Ponzi Casino Capitalism Discredited- Risk of Global Monetary Crisis / Commodities / Credit Crisis 2008
By: Mark_OByrne
Gold and silver surged last week (up 13% and 15% respectively) as the financial crisis deepened considerably and there was a realisation that the " ponzi " casino capitalism of recent years has critically wounded the U.S. financial system and done serious damage to the global financial system. Gold surged from below $780/oz to close at $861.40 on Friday and has risen again in European trading today to over $882/oz.Read full article... Read full article...
Monday, September 22, 2008
Gold Extends Gains as Investors Seek Transparency of the Physical Metal / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES extended last week's 13% gain early Monday, nearing Wednesday's six-week high of $892 per ounce as the US Dollar tumbled on the foreign exchanges and world stock markets retreated from Friday's "big bail out" surge.
Pointing to the US Treasury's plans for a $700 billion "resolution trust" for toxic mortgage-backed securities, "the US Dollar's response last week was further depreciation," notes Walter de Wet at Standard Bank.
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Sunday, September 21, 2008
Silver Is the ONLY Asset that Is NOT Someone Else's Liability / Commodities / Gold & Silver
By: David_Morgan
Before sending me an e-mail telling me I am wrong, let me admit it!! I am WRONG -- silver is not the only asset that is not someone else's liability. But some of the staunchest "Gold Bugs" have it wrong and insist that gold is the only asset. In fact, fully-owned lumber or land or even an apple orchard are assets, and again, if owned outright would be an asset without a liability. Read full article... Read full article...
Sunday, September 21, 2008
Silver Significantly Weaker Trend Pattern than Gold / Commodities / Gold & Silver
By: Clive_Maund
Although silver investors may be understandably disappointed at its rather muted rally last week compared to that in gold, we should keep in mind that silver makes its best gains towards the end of gold uptrends, not at the start of them, which is where we are now. In the last update a snapback rally was predicted for silver on account of its severely oversold condition and proximity of strong underlying support and this is what we are now seeing.Read full article... Read full article...
Sunday, September 21, 2008
Gold Price Spike Breakout or Temporary? / Commodities / Gold & Silver
By: Clive_Maund
Although gold staged an amazingly powerful rally last Wednesday and Thursday, some are worried that the reaction on Friday, seemingly in response to the newly hatched "bailout plan" by the government and the Fed, marks the start of a slump back into obscurity as the bailout plan "works", so that last week's sharp rally turns out to have been nothing but a temporary spike. So let's make several things clear. Read full article... Read full article...
Sunday, September 21, 2008
Gold Benefits from US Fed Surging Bank Credit Growth / Commodities / Gold & Silver
By: Ned_W_Schmidt
U.S. Secretary of the Treasury & Free Lunches has done Gold investors an incredible favor. While not benefiting immediately as did those owning bank stocks, we will over time. With U.S. government now assuming responsibility for financial assets of dubious value, U.S. government has committed itself to nearly unlimited funding of U.S. housing market, and every other industry with political clout. One consequence may be that Federal Reserve loses control of monetary policy. Will the Federal Reserve now need to monetize U.S. government debt in unlimited fashion? Read full article... Read full article...
Sunday, September 21, 2008
Gold Explodes Higher as US Treasury Builds Toxic Bond Portfolio / Commodities / Gold & Silver
By: Joe_Nicholson
“We shouldn't be surprised to see gold near $900 and silver near $15 in the short term, though this won't necessarily mean a bottom is in place. ~ Precious Points: Topping the Copper Top, August 30, 2008
“Just how much money is there? The answer, of course, is virtually infinite. In the short term, precious metals will continue to trade along with many commodities opposite the dollar, which may be bullish because many commodities appear ready for a relief rally as the dollar prepares to consolidate.” ~ Precious Points: Full Faith and Credit, September 6, 2008
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Sunday, September 21, 2008
Gold- What the Heck is Going ON? / Commodities / Gold & Silver
By: Merv_Burak
Boy! What a week. Nobody seems to have a handle on what the heck is really going on. After a sharp day and a half of upside moves gold seems to have stabilized but with an upward bias. To try and guess what's to come would be foolish in this market so let's just see where we are and not worry to much about which way gold will go. It will get there, wherever there is. Read full article... Read full article...
Saturday, September 20, 2008
The Bailout Plan- What it means for Gold and Treasury Bonds / Commodities / Credit Crisis 2008
By: Clive_Maund
Many investors in the Precious Metals sector are worried that the "bailout plan" announced yesterday will resolve the crisis with the effect that things will return to normal and gold and silver will as a result go into retreat once more. Nothing could be further than the truth. There are several important observations to make regarding the "bailout plan". The first is that it is obviously born out of desperation. Read full article... Read full article...
Saturday, September 20, 2008
Junior Gold and Silver Miners Downward Spiral Ending? / Commodities / Gold & Silver Stocks
By: The_Gold_Report
As a veteran gold analyst, co-founder/chairman of Franco Nevada Mining Corp., acting chairman of the World Gold Council, and former president of Newmont Mining Corp., Pierre Lassonde knows this sector inside and out. He understands the plight of the juniors and the many influences on gold's behavior. In this exclusive interview with The Gold Report , he predicts limited downside given the accelerating demand for natural resources and shares his favorite companies. The Gold Report: The downward spiral in the markets just doesn't stop. Junior mining stocks have been decimated, and the gold price went lower than any one predicted, although it seems to be recovering a bit. Do you see this as a repeat of the situation we had in the '70s, and what do you see as the outlook for oil and gold?
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Friday, September 19, 2008
GDX Gold Miners ETF Upside Potential / Commodities / Gold & Silver Stocks
By: Mike_Paulenoff
Interesting action in the Market Vectors Gold Miners ETF (AMEX: GDX) today largely because it is getting the benefit of the lift in equities AND the relatively buoyancy of gold and euro/$ prices. Purely from a pattern perspective, the upleg from the 9/11 low at 27.35 to yesterday's high at 36.14 exhibits bullish form AND also argues that it has unfinished business on the upside for continuation into the 38.00-39.00 area prior to completion. As long as today's pullback low at 32.90 remains intact, the bullish near-term pattern remains intact and viable.Read full article... Read full article...
Friday, September 19, 2008
Junior Gold Mining Stocks Crash Crisis / Commodities / Gold & Silver Stocks
By: Zeal_LLC
Commodities investors were treated to an extraordinary event this week when gold skyrocketed 11.1% in a single trading day! This was all the more impressive since everything non-commodities was getting crushed. That same day the SPX plunged 4.7%, erasing 1/20th of the US stock markets' value, for the second time in 3 days.
Having just weathered the biggest and meanest commodities correction of this entire secular bull, this week's surge was wonderfully refreshing. I suspect it will prove to be the vanguard of a major new upleg. But even if it is, a disturbing problem continues to vex the commodities realm. Small miners and explorers, the junior stocks, have long ceased participating at all in this bull market.
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Friday, September 19, 2008
The End of Central Bank Gold Selling? / Commodities / Gold & Silver
By: Julian_DW_Phillips
We are close to the end of the fourth year out of the five years of the second Central Bank Gold Agreement in which a ‘ceiling' was placed on the sales of gold by the signatories to this agreement of 500 tonnes a year. This piece looks at the prospects for sales by these signatories in the final year of the agreement and the prospects of a third agreement, which would govern sales of gold in the ‘open' market. Read full article... Read full article...
Thursday, September 18, 2008
Natural Gas Heading for Seasonal Low? / Commodities / Natural Gas
By: Chip_Hanlon
The following was posted on my blog, Hanlon's Pub , on Thursday morning: In mid-July, I warned that natural gas prices were likely to head lower under typical seasonal pressure, but how's it acting now?
At first glance it looks like gas may be making yet another late summer low, just as it has done in every normal year this decade. I say "normal" year because natural gas didn't make a late-summer low in '05, but that was due to Hurrican Katrina. Take a look:
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Thursday, September 18, 2008
Gold Soars to $893: Finally, the Wait is Over! / Commodities / Gold & Silver
By: John_Lee
The financial crisis is fast unfolding as Fannie Mae, Freddie Mac, AIG, Lehman, Merrill Lynch, Washington Mutual and Wachovia are joining Countrywide, Bear Stearns and company in their disappearing acts.Read full article... Read full article...
Thursday, September 18, 2008
Gold Forecast Target $2,500 and Silver $250 / Commodities / Gold & Silver
By: Peter_Degraaf
That's ridiculous' I can hear someone saying. But is it really all that far-fetched?
Let's begin by adjusting the previous high gold price of $850 set in 1980, into today's dollar value. By using the US government's own inflation calculator (bls.gov/data/inflation-calculator.htm or simply Google ‘BLS inflation calculator'), we find out that gold should be trading at $2,260 to match the 1980 high of $850
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Thursday, September 18, 2008
Gold Mining Sector Rotation, $950 Gold Price Forecast / Commodities / Gold & Silver Stocks
By: Madison_Avenue_Resea
Commodities Commentary, The Slowing Dragon, and Gold Price Forecast - Madison Avenue Research Group's outlook for gold is bullish. Our sentiments echo Philip Klapwijk, Chairman of London-based research firm GFMS Ltd. at a conference in London today. Klapwijk said "We're expecting gold to stage a powerful rally in the fourth quarter” and believes gold may rise to US$950 an ounce by the end of year as central banks and miners hold back sales and investors buy the metal as a haven against falling stock prices. Read full article... Read full article...
Thursday, September 18, 2008
Gold's Safe-Haven Status Confirmed / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD rose to $880 an ounce early Thursday – more than $100 above Wednesday's US opening – as world stock markets bounced on a "liquidity injection" of $242 billion from the big central banks, led by the Federal Reserve.Wednesday's sudden 10% jump in Gold came after the US Treasury said it had recapitalized the Federal Reserve's own balance-sheet with $40 billion.
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Thursday, September 18, 2008
Gold Largest One Day Price Rise in History / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver surged yesterday with gold up $69.30 to $847.30/oz and silver up $1.11 to $11.59/oz. Gold surged by 8.9% to $847.30 (silver +10.6%) at the close in New York and continued to surge in electronic trading to over $870/oz. Asian trading saw the surge continue and gold traded as high as $893/oz. Gold subsequently fell prior to rising to some $870/oz as markets began trading in London. These are unprecedented movements and gold rose from a low of $780 to a high of $893 or more than 14% in less than 24 hours. There is some confusion but some analysts say this is the largest one day dollar price move since 1980 and some saying the largest ever.
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