Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Sunday, September 09, 2007
A Perfect Financial Storm for Gold - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Global markets weakening, U.S. dollar weakening, gold zooming higher – is this what is sometimes called a “perfect storm” for gold?
Global Markets and the Price of Gold
Last week I deviated from my normal commentary and looked in on the global equity markets. The question not asked at that time was “If the global markets are all weakening how does that affect the price of gold?” It is often inferred that gold price moves counter to the direction of the equity markets.
Sunday, September 09, 2007
Gold and Silver Analysis - Precious Metals Breakout Sustainable Growth? / Commodities / Gold & Silver
By: Joe_Nicholson
“A second consecutive close above the 5-week moving average in gold bodes well for a break of this resistance level, after which $690 and $700 become strong resistance.Read full article... Read full article...
Saturday, September 08, 2007
The Big Bull Market in Grains / Commodities / Agricultural Commodities
By: Money_and_Markets
Sean Brodrick writes: Vampire bats and piranha scare the bejeezus out of me. So I probably won't be visiting an Argentinean cattle ranch anytime soon. See, the Argentineans are emptying out their world-famous cattle lands, driving their herds north into scrublands and swamps infested with vampire bats and piranha. Read full article... Read full article...
Friday, September 07, 2007
Will Gold Rise Still, When The Next Financial Shock Hits? Does Liquidity Mean Confidence? / Commodities / Gold & Silver
By: Julian_DW_Phillips
Smoke and mirrors, the confidence game is such a difficult one, once the crowd is suspicious. Our generation trusts few figures in authority. It is a generation used to being taken for a ride, with the sin now in being gullible. And the beginning of the run up in gold and silver testifies to market fears. Read full article... Read full article...
Friday, September 07, 2007
Real Interest Rates and Gold / Commodities / Gold & Silver
By: Zeal_LLC
Back in the young days of this gold bull, early 2001, gold languished in the $260s following a multi-decade bear. With little encouraging price behavior at that time, early contrarians focused on supply-and-demand fundamentals to undergird their highly controversial bullish views on gold. One key bullish thesis from those dark early days regarded gold's behavior relative to real interest rates.
Real interest rates are the actual returns realized by debt investors after inflation is subtracted out. So if an investor buys a US Treasury Bill that pays 4% a year, and inflation is running 3% a year, then he is earning a real rate of return of 1% on his investment. His purchasing power, the goods and services his capital can actually buy in the real world, grows by just 1% annually.
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Friday, September 07, 2007
Silver Standard Resources Up 11.47% / Commodities / Gold & Silver Stocks
By: Bob_Kirtley
We are pleased to report that Silver Standard Resources Incorporated gained a massive $3.49 yesterday as it continued on the recovery trail.
Silver Standard (SSRI) has a market capitalisation of $2.11 billion and is one of the largest stocks in the silver-prices portfolio. There is a school of thought that says the big profits will be confined to the junior silver stocks sector, which we don't disagree with, however we do believe that quality silver stocks will perform and bring us good returns. Do bear in mind that picking the right junior stock is also difficult as some of them may not find any silver and will not be around when this market explodes across the finishing line. And a gain of 11.47% in one day is not too shabby, probably one of the best silver stock gainers yesterday.
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Friday, September 07, 2007
Gold Bull Market Resmues As Inflation Equals Higher Gold Price / Commodities / Gold & Silver
By: David_Vaughn
“To The Moon, Margaret!”
Don't you just feel real sorry for gold? Look at that poor chart below and weep. Actually weep for those idiots who cannot recognize a gold bull market when they see one. Hah! Gold will yet go where gold wants to go and perhaps where it has never been before – higher Margarita.
As the world leans further and further to financial doomsday is anyone even awake to the fact? Not really, except for those who are having their homes foreclosed.
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Friday, September 07, 2007
Commodity Markets Analysis - Gold To Break $700 As Sept 11th Anniversary Nears / Commodities / Gold & Silver
By: Gold_Investments
Spot gold was trading at $697.50/698.00 an ounce as of 1215 GMT.Gold has continued to show strength in Asian and European trading and remains near 16 month highs. Besides a weak dollar and near record oil prices, gold was also bolstered by a resumption of geopolitical tension in the Middle East, with Syria accusing Israel of bombing its territory. With the 6 year anniversary of September 11 atrocity next Tuesday and Osama Bin Laden again in the news, risk aversion and safe haven buying is contributing to gold's strength. This is seen in strong inflows into gold ETFs and we have experienced a strong pick up in sales of both physical bullion and Perth Mint gold certificates.
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Friday, September 07, 2007
Gold Bull Market Breakout As Credit Crunch Creates Flight to Quality / Commodities / Gold & Silver
By: Jordan_Roy_Byrne
On Thursday, December Gold leaped $14 to $704, while the continuous spot contract gained about 2% to 694. More impressive to me was how the mining stocks acted. Recently I had mentioned that I thought the gold stocks would begin to take their cue from gold rather than stock market, when gold exceeded $700. Today's action certainly validated that. The XAU was up 5.7% and the HUI rose 6.6%. One day does not make a trend, but if you are a gold bull, you have to like the present situation.
I have so many informative charts to show, but I had to break it down to the most pertinent. There still are quite a few in this update.
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Friday, September 07, 2007
Gold Rises on "Safe Haven" Bid; Seasonal Surge Collides with Producer Buy-Back / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES dipped overnight from Thursday's 16-month Dollar highs, before rising again in London to break new ground for this bull run above $698 per ounce.
"Gold is now overbought technically," reckons Phil Smith for Reuters India, "breaking through some important technical resistance levels.
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Thursday, September 06, 2007
Gold Shoots to 4-Month High as European Central Bank Injects $31bn; Interest Rates Put "On Hold" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES raced to a four-month high against the US Dollar in the first-half of London trade on Thursday, breaking the $685 level seen by many chart-watching analysts as "key" short-term resistance.
"It seems the gold market is ready to go higher," reckons Gerry Schubert, director of metals at Fortis Bank in London .
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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...