Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, April 14, 2008
Gold Strong as US Dollar Weakens / Commodities / Gold & Silver
By: Mark_OByrne
Gold is up marginally in trading in London this morning. The London AM Gold Fix at 1030 GMT this morning was at $917.75, £464.80 and €580.854 (from $ 934.25, £471.08 and €587.95 on Friday).Gold is stronger as the dollar has weakened despite leaders of the G7 and IMF governing council saying they would do all in their powers to provide market stability. Continuing worries about the health of the international financial sector has led to declines in stock markets internationally and renewed risk aversion.
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Monday, April 14, 2008
Gold Rallies as US Dollar G7 Bounce Fails to Hold / Commodities / Gold & Silver
By: Adrian_Ash
FOUR WEEKS AFTER Gold 's peak of $1,034 per ounce, the Gold Price recovered a 1.1% drop early Monday as the US Dollar failed to hold onto a sharp bounce following this weekend's meeting of G7 finance ministers in Washington.The physical Gold Market had earlier slipped to a three-day low beneath $915 per ounce and the Euro gapped down 1.5¢ against the Dollar at the opening in Asia .
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Monday, April 14, 2008
Uranium Bull Market: Not Over Yet / Commodities / Uranium
By: Jennifer_Barry
When it bottomed at $7 per pound in 2001, uranium was one of the most derided commodities on earth. The most common associations with uranium were Chernobyl and bombs. Environmental protesters were calling for the shuttering of nuclear reactors, and plants continued to be mothballed.
What a difference six years has made. Uranium rocketed from less than the cost of a pizza to $138 per pound in June 2007. Articles appeared in financial publications like MoneyWeek and Forbes on investing in this “white-hot” market. Dr. Patrick Moore, a co-founder of Greenpeace, started supporting nuclear plants as a clean and safe fuel. Even oil producers such as Egypt and Saudi Arabia have expressed interest in nuclear power. 1
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Sunday, April 13, 2008
Gold and Silver Bullish Chart Indications / Commodities / Gold & Silver
By: Joe_Nicholson
“Risk is clearly to the… downside for gold and silver, even if relatively minor advances are seen intraweek.” ~ Precious Points: Still Unstable, April 06, 2008
Tuesday was a good week for commodities, including the precious metals, but any readers of this update should have been skeptical, particularly since the rally in gold was halted exactly at the 5-day and 5-week moving averages! Though a relatively unsophisticated and unglamorous technique amongst the analysts' varied tools, moving averages continue to be incredibly telling in the precious metals.
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Sunday, April 13, 2008
Sure Fire Sign that Gas Prices are Heading Higher / Commodities / Gas - Petrol
By: Keith_Fitz-Gerald
The U.S. Energy Department said earlier this week that it expects average monthly gasoline prices to peak at $3.60 a gallon this spring, since the high prices will serve to curb demand.
For investors who are tired of feeling like they've been mugged every time they fill up at the corner gas station, this forecast had to nurture a feeling of relief - as well as a belief that pump prices will finally start to decline.
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Sunday, April 13, 2008
Gold Marking Time Before Next Down Leg / Commodities / Gold & Silver
By: Merv_Burak
Although gold closed the week about 1.2% ahead of last week it still seems to be going nowhere. Over the past month it has been tracing a lower low and lower high scenario. It looks like it is about to go into its next lower low phase but let's check the charts and indicators.
WHAT! ME WORRY?
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Friday, April 11, 2008
Global Gold Bull Markets / Commodities / Gold & Silver
By: Zeal_LLC
Of all the countless investments worldwide, gold is easily the most universally recognized. From the biggest banks in premier cosmopolitan cities to the smallest vendors in this planet's dustiest corners, everyone knows gold. This metal's timeless intrinsic value is beyond dispute and is welcome everywhere.
But although recognized, gold is not perceived the same way everywhere. We all view it through the unique lenses of our own home currencies. Most of us are born, reared, and socialized in a single country. By the time we reach investment age, our minds are hardwired to judge value exclusively relative to our particular country's currency.
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Friday, April 11, 2008
Gold Trades Sideways as Stocks Slide Ahead of G7 Crisis Meeting / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD moved sideways in London trade early Friday, recovering last night's US close near $929 per ounce after a 1.1% fall, as finance ministers from the G7 group of seven richest economies met in Washington to discuss the on-going global banking crisis."We do not have the luxury of waiting for markets to stabilize before we think about the future," said Ben Bernanke, head of the US Federal Reserve, in a speech on Thursday.
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Thursday, April 10, 2008
Uranium Stocks Outlook Looking Brighter / Commodities / Uranium
By: Merv_Burak
Every day looks brighter and brighter. With another up day in the uranium stocks the trend is changing although we still have a ways to go to be all gung-ho bullish. The Merv's Daily Uranium Index closed higher by 0.062 points or 2.21%. There were 26 winners, 20 losers and 4 unchanged. Of the five largest stocks Cameco gained 4.8%, Denison gained 7.1%, First Uranium lost 0.9%, Paladin lost 1.1% and Uranium One lost 0.2%. Although the losses were small we still have three of the five largest stocks moving lower.Read full article... Read full article...
Thursday, April 10, 2008
Ethics: Investment implications Benefit Gold / Commodities / Gold & Silver
By: Brian_Bloom
The following is a quote from an article which discusses the current disruption in the airline industry in the USA, as the FAA moves to enforce its rules:
“ The FAA and airlines are responding, in part, to heightened scrutiny by Congress, led by Representative James Oberstar, Democrat of Minnesota and chairman of the House Committee on Transportation and Infrastructure, who is a longtime activist on aviation safety.
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Thursday, April 10, 2008
Investing in Gold and Silver for Retirement / Commodities / Gold & Silver
By: David_Morgan
Individual Retirement Accounts (IRAs) can be funded with physical gold and silver, yet very few investors are aware of this fact. They are exempt from all capital gains taxes, so if your investments perform well over a long period of time, it can result in huge savings.Read full article... Read full article...
Thursday, April 10, 2008
Six Ways to Play Money Morning's Prediction That Gold is Headed to $1,500 / Commodities / Gold & Silver
By: Martin_Hutchinson
Back in October - when gold was trading at only $770 an ounce - I told Money Morning readers that the "yellow metal" was looking like a very good bet. Since then, gold soared to more than $1,000 an ounce, creating quite a nice return for investors who acted on our prediction. Since achieving that peak, gold prices have declined a bit. In fact, just last week, gold prices dropped below the $900 mark, prompting gold bears to say that the great gold bull market has reversed itself.
Let me say right now: They're wrong.
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Thursday, April 10, 2008
Gold Finished With Corrective Rally? / Commodities / Gold & Silver
By: Mike_Paulenoff
Yesterday my work was telling me to await one more new recovery high into the 93.20/60 area prior to considering a short position in the streetTRACKS Gold Shares (NYSE: GLD). Naturally, prices have weakened this morning. However, I am NOT convinced that the recovery rally off of the 4/01 low at 86.05 is complete on the upside. I will stand aside for a while longer prior to committing $ to the short side of the GLD.Read full article... Read full article...
Thursday, April 10, 2008
Gold Prices Gain as Bank of England Ignores Inflation and Cuts UK Interest Rate / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose to an eight-session high for US investors above $939 per ounce as the Wall Street open drew near on Thursday as world stock markets fell and broad commodity prices rose 2.3%.In Frankfurt, Germany, the European Central Bank voted to keep its target interest rate on hold at 4.0%, helping cap the Gold Price in Euros at a two-day high of €590 per ounce.
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Thursday, April 10, 2008
Gold Rallies on Record High Crude Oil Prices / Commodities / Gold & Silver
By: Mark_OByrne
Gold is up in early trading in London this morning. Gold was up $30 to $934 per ounce in trading in New York yesterday and silver was up 50 cents to $18.18 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $ 934.25, £471.08 and €587.95 (from $906.75, £460.40 and €576.56 yesterday).Read full article... Read full article...
Wednesday, April 09, 2008
The Start of a Gold Bull Run / Commodities / Gold & Silver
By: John_Lee
The price of Rice doubled in the last 2 months raising fears of fresh outbreaks of social unrest across Asia, where the grain is a staple food for more than 2.5bn people (See article in FT.com here ).
This should come as no surprise since grains, energy, and just about every other commodity prices have risen a minimum of 50% in the last 6 months. And a strong physical demand and lax monetary policy will continue to fuel high commodity prices.
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Wednesday, April 09, 2008
Commodities Bull Market Ready to Charge Again! / Commodities / Resources Investing
By: Money_and_Markets
Sean Brodrick writes: The last few weeks have been the roller coaster ride from hell for commodities, an up-and-down whirlwind that has left many traders feeling turned inside-out.
But I think there are strong signs that a commodity correction may be coming to a close. If you're not long yet, you might want to consider putting some money to work.
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Wednesday, April 09, 2008
IMF Gold Sales- Rich West Sells Gold; Asian Nations Sell US Dollars? / Commodities / Gold & Silver
By: Adrian_Ash
"...The growing call for pan-global government intervention might just throw up a ' Reverse Plaza ' sometime soon in the future..."
WELL, WHAT A BUSY WEEK for the International Monetary Fund! And it's barely half-way through ( as of Wednesday ).
Just how busy will the IMF get when it helps host the G7 meeting of policy wonks from the world's seven richest nations in Washington this weekend?
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Wednesday, April 09, 2008
South African Power Cuts Affect Precious Metal Markets Production for Years / Commodities / Gold & Silver
By: Julian_DW_Phillips
The South African government will give state-owned power utility, Eskom, R80 billion in funding it was announced in the annual budget on 20th February to help it boost electricity generation. Since then it is clear that Eskom will be able to access the needed total funding of well over R300 billion [$37.5 billion] to expand capacity. Since then Eskom has confirmed that it needs to see South Africans cut power demand by 10% for the next few years. At the moment the main city of South Africa is suffering power outages every second day for between 1 and 3 hours at a time. It has recommended too that expansion plans for the mines, smelters in the country, housing projects and new ventures be curtailed until Eskom can guarantee the needed electricity to operate them. It expects power cuts to continue until at least 2013. So that one, on the outside, can gain some perspective of the problem and how it will be handled in the future, it would be good to see just how such a SNAFU could have happened.Read full article... Read full article...
Wednesday, April 09, 2008
Gold Bounces on Record US Gasoline Prices and Credit Crisis / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slid into the London opening on Wednesday, reaching a four-session low of $903.60 per ounce before bouncing 1.4% to recover the day's losses on news that US gasoline prices have reached a new record high for consumers.The average price of regular unleaded has now risen to $3.343 per gallon according to the AAA survey, almost 20% higher from this time last year.
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