Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, April 18, 2008
Making Sense of Precious Markets Turbulence- Gold, Silver, HUI Technical's / Commodities / Gold & Silver
After an exceptionally turbulent month in the precious-metals complex, many traders are trying to make sense out of all the chaos. Did the recent violent retreats in gold, silver, and the HUI gold-stock index likely mark the ends of their respective uplegs? Or do these strong uplegs probably remain intact?
Obviously this question is crucial as the prudent tactical trading strategy going forward varies radically based on its answer. If these PM uplegs have given up their ghosts, then it makes sense for traders to unload their remaining long positions and maybe even get short. But if these PM uplegs persist, then the gains to come will still be reaped on the long side.
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Friday, April 18, 2008
Gold Price Is Not Going To Crash / Commodities / Gold & Silver
Gold Price Is Not Going To CrashAs I look in the newspaper I see a lot of interesting predictions. Some analysts are predicting 6% unemployment by the end of the year. Microsoft is desperately trying to buy Yahoo. Offering 41 billion for a company whose major asset is the Internet.
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Friday, April 18, 2008
Gold Plunges 3.4% on Dollar Rallies, Rising Banking Stocks on Bad News / Commodities / Gold & Silver
Gold Plunges 3.4% on Dollar Rallies, Rising Banking Stocks on Bad NewsSPOT GOLD PRICES dumped 3.4% to $912 per ounce in the first-half of London trade on Friday, falling to a five-session low of $916 per ounce as both commodity and bond prices fell, but European stock markets rose.
Crude oil dipped one dollar from yesterday's new record high above $115.50 per barrel as the US currency rallied from new record lows in the forex market.
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Friday, April 18, 2008
Rogers and Soros- Investors Shifting to Real Assets Including Gold and Oil / Commodities / Gold & Silver
Gold was up in Asian trading to $946 per ounce before falling in London trading this morning to $936 per ounce. Gold was down $5.30 to $939.80 per ounce in trading in New York yesterday and silver was down 13 cents to $18.18 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $942.25, £472.19 €592.31 (from $951.50, £481.04 and €595.88 yesterday).Read full article... Read full article...
Thursday, April 17, 2008
Kinross Gold Corporation Re-visited / Commodities / Gold & Silver Stocks
Kinross Gold Corporation, has made terrific progress a since it was established in 1993 and is now the third largest primary gold producer in North America by reserves. All its nine mines are in relatively politically stable countries such as the United States , Brazil , Chile and Russia . Canadian based Kinross employs more than 5,000 people worldwide.
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Thursday, April 17, 2008
Causes of Global Food Crisis- Time for Honesty!! / Commodities / Food Crisis
Causes of Global Food Crisis- Time for Honesty!!This was one of the drivers: “Biofuels Security Act of 2007 - Amends the Clean Air Act to replace provisions prescribing the volume of renewable fuel that gasoline sold in the United States must contain with provisions that require the Administrator of the Environmental Protection Agency (EPA) to determine the applicable volume for 2010 and beyond. Requires such [renewable fuel] volume to be at least 10 billion gallons in 2010, 30 billion gallons in 2020, and 60 billion gallons in 2030. Read full article... Read full article...
Thursday, April 17, 2008
No Bubble in Agricultural Commodities / Commodities / Agricultural Commodities
All investors have become contrarians and are now experts in being able to spot bubbles. Hence, they all are fully aware that a bubble exists in agricultural commodities at this juncture. Really, you can listen to just about any financial source and hear someone warning about the epic bubble that is evident in agricultural commodity prices. However, some of these same folks were completely blindsided by the collapse of the tech bubble in 2000. And they also were shocked that real estate prices could ever decline in value. Of course, this new class of maverick investor is also currently incapable of viewing the real bubble occurring in the Treasury market (it doesn't bother them that real yields on government debt are negative). The only thing they are sure of is that agricultural prices are poised to plummet.Read full article... Read full article...
Thursday, April 17, 2008
Global Food Crisis- How to Protect Your Portfolio / Commodities / Agricultural Commodities
Sean Brodrick writes: The United Nations' Food and Agriculture Organization (FAO) said that world cereal production may jump a record 2.6% this year as farmers boost plantings.
In other words, supply is fine.
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Thursday, April 17, 2008
Gold Reaches Four Week High as Investors Dump Dollars for Oil / Commodities / Gold & Silver
SPOT GOLD PRICES for physical delivery reached a four-week high Thursday morning in London , recording an AM Fix of $951.50 per ounce as investors and trade swapped the fast-fading US Dollar for anything and everything bar the Japanese Yen.Read full article... Read full article...
Thursday, April 17, 2008
Gold Deja vu Rally on Back of New Record Dollar Low Against Euro and New Crude Oil High / Commodities / Gold & Silver
Gold is up in Asian trading and London trading this morning. Gold was up $17.80 to $945.10 per ounce in trading in New York yesterday and silver was up 54 cents to $18.31 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $951.50, £481.04 and €595.88 (from $932.75, £472.40 and £586.27 yesterday).Read full article... Read full article...
Wednesday, April 16, 2008
Gold Jumps as US Dollar Sinks on Inflation Data / Commodities / Gold & Silver
THE SPOT PRICE OF GOLD jumped to a three-week high early Wednesday after European and US inflation data sent traders scurrying for hard assets and the Euro single currency shot to new record highs vs. the Dollar.Read full article... Read full article...
Wednesday, April 16, 2008
Crude Oil Record High Buoys Gold / Commodities / Gold & Silver
Gold is up in London this morning. Gold was up $2.60 to $927.80 per ounce in trading in New York yesterday and silver was up 2 cents to $17.79 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $932.75, £472.40 and £586.27 (from $ 931.75, £473.55 and €588.30 yesterday).Read full article... Read full article...
Wednesday, April 16, 2008
Uranium Stocks Bottom Update / Commodities / Uranium
Two months ago I penned an editorial calling bottom on the uranium stocks. Technically I saw many stocks deeply oversold yet positive momentum was starting to build. A few months later and the positive momentum divergences have continued to build. A few U stocks did indeed bottom but more have made slight new lows. While we need price to confirm a bottom it is important to note that forming significant bottoms can be a timely process.Read full article... Read full article...
Tuesday, April 15, 2008
Food Inflation- Rising Price of Chickens / Commodities / Livestock
Your Buffalo Wings may cost you more. As this week's chart portrays, the cash price of broilers appears ready for a breakout to the upside. Broilers are younger chickens bred for meat consumption, like that used for the popular chicken wrap sandwiches every fast food restaurant seems to be offering. Consumption of chi cken has been generally strong due to the shift from red meats and rising preferences for chicken in a variety of forms.Read full article... Read full article...
Tuesday, April 15, 2008
Rising Inflation Pushes Commodity Prices Higher / Commodities / Inflation
Last week, the Federal Reserve released the minutes from its March 18 Federal Open Market Committee (FOMC) meeting. At that meeting, the Fed cut the fed funds rate by 75 basis points to the current level of 2.25 percent. The FOMC's post-meeting statement said, “Downside risks to growth remain. [The] outlook for economic activity has weakened further.”Read full article... Read full article...
Tuesday, April 15, 2008
Peak Oil and Weak Dollar Driving Gold Higher / Commodities / Gold & Silver
Gold is up in London and is up in early trading in New York this morning. Gold was up $1.80 to $925.40 per ounce in trading in New York yesterday and silver was up 10 cents to $17.77 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $ 931.75, £473.55 and €588.30 (from $917.75, £464.80 and €580.854 yesterday).Read full article... Read full article...
Tuesday, April 15, 2008
Gold Strong on Crude Oil New All Time High / Commodities / Gold & Silver
THE SPOT PRICE OF GOLD rose to a four-session high in Asian and London trade on Tuesday, gaining almost 1% overnight as world stock markets crept higher and US bond prices rose.Crude oil jumped to a fresh record high above $112.80 per barrel.
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Tuesday, April 15, 2008
Russian Gold and Texas Tea / Commodities / Russia
What do Texas and Russia have in common?
Is it the vast wide open spaces that are prevalent to both Texas and Russia ? Or is it the references to the "Texas of Russia" for the regions of the former Soviet Union that have shown an independent, “wild west” spirit, just like Texas past? Why even George Bush and Vladimir Putin have been barbequing together in Texas . Is that it?
Tuesday, April 15, 2008
IMF Gold Sales Will be Very Good for the Gold Price / Commodities / Gold & Silver
Most commentators we now read are taking the potential I.M.F. gold sales as a foregone conclusion. With the unknown quantity of the U.S. Congress [who are fully aware of just how good an investment gold has been and will likely be], who blocked the sales last time it was proposed, the sale is by no means a foregone conclusion. But of far greater importance is the question of how these sales could affect the gold price. The answer is exceptionally positive, after we consider the views of the I.M.F. itself on just how the sales will be orchestrated.Read full article... Read full article...
Tuesday, April 15, 2008
The Global Food Crisis and Gold's Valuable Role / Commodities / Gold & Silver
With all the discussion about housing, a declining US dollar, and the inevitable recession, I feel that many people may be overlooking a potentially more devastating economic factor- rising food costs. Before I continue with why I believe this is the case, I want to mention an article that I wrote several months ago titled, Food Inflation: What's The Story. The article provides an introductory view on food inflation. I must also point out that food prices are even higher now than when the article was first published in SeptemberRead full article... Read full article...