Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, December 12, 2007
Crude Oil Back to Fundementals as Pentagon Vetoes US Strike against Iran / Commodities / Crude Oil
By: Gary_Dorsch
Nearly two years ago, on January 10th, 2006, Iranian leader Mahmoud Ahmadinejad raised the stakes in a battle of wits between Tehran and the Bush administration, ordering the removal of UN seals on centrifuges to enrich uranium, a process which can make atomic reactor fuel or weapons-grade material. “We are not going to yield to pressure to abandon our rights, and we have the necessary tools to protect ourselves,” Ahmadinejad told the Qatari foreign minister. Ahmadinejad's daring move quickly set off a “war of words” with US President George Bush and vice-president Dick Cheney, which in turn, built-up an Iranian “war premium” of roughly $12 per barrel into the price of crude oil. On January 19, 2006, Cheney warned, “Whether or not there would be a spike in the price of oil, if in fact there is some kind of a crisis with Iran is entirely possible. But I think the consequences of that would be less significant than the consequences of having Mahmoud Ahmadinejad armed with nuclear weapons,” Cheney told CNBC.
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Tuesday, December 11, 2007
Astonishing Rise in Crude Oil Price Volatility / Commodities / Crude Oil
By: George_Kleinman
Are you old enough to remember the good old days when gasoline was less than a buck a gallon? Consider the following.
Crude Oil 1994-95
This is a daily chart of the oil market for the 1994-95 trading period. Each vertical line represents one full day of trading. You're looking at approximately one full year of oil price trading. The chart appears to illustrate a volatile market with big ups and downs throughout this period, right? However, it all depends on how the chart is scaled.
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Tuesday, December 11, 2007
Gold Safehaven as China Investors Go on Buying Spree / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up $13.20 to $807.60 per ounce in New York yesterday and silver was up 30 cents to $14.64 per ounce. Gold has traded sideways in Asian and early European trading and is trading at $807.50/808.00 per ounce at 1200 GMT. Gold has increased slightly in pounds sterling and euros and at the London AM Fix gold was trading at £393.79 GBP (up from £392 at 1200 GMT yesterday ) and €549.15 EUR (up from €545 at 1200 GMT yesterday). < http://www.lbma.org.uk/statisti cs_current.htm Read full article... Read full article...
Tuesday, December 11, 2007
Gold Falls AHead of US Fed Interest Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped back from an overnight high of $810.50 in early London trade, recording an AM Fix of $806.75 per ounce and then dropping to $804.50 as the US open approached.Read full article... Read full article...
Monday, December 10, 2007
Gold to Take Cue From US Fed Interest Rate Decision / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $6.90 to $794.40 per ounce in New York on Friday and silver was down 10 cents to $14.34 per ounce. Gold has rallied in Asian and early European trading and is trading at $801.50/802.00 per ounce at 1200 GMT. Gold has traded sideways in pounds sterling and euro to £392 GBP (down from £394 at 1200 GMT Friday) and €545 EUR (down from €547 at 1200 GMT Friday).
Last week gold was up 1.5% and silver was up 2.6%.
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Monday, December 10, 2007
Gold Rises 0.7% Early Monday as Oil Slips & Banking Stocks Rally Despite UBS Profit Warning / Commodities / Gold & Silver
By: Adrian_Ash
Fed Set to Cut US Interest Rates Even as Global Inflation Surges - GOLD PRICES rose throughout the Asian session on Monday, starting the week in London just above $800 per ounce – a gain of 0.7% from Friday's US close – for physical metal delivered immediately.
Crude oil prices slipped 0.8%, meantime, while the US Dollar hit a four-week high vs. the Japanese Yen.
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Sunday, December 09, 2007
Gold and Silver Gearing Up for a Big Move / Commodities / Gold & Silver
By: Merv_Burak
Something tells me there is a big surprise ahead. How big, which way and when, well that's what makes life interesting.
GOLD : LONG TERM - The long term usually changes very slowly so there is no use posting a long term chart each week. From the long term stand point nothing has changed from last week, or the week before. To summarize, the long term P&F chart is still bullish. Gold price is still well above its positive sloping moving average line. The long term momentum indicator is also still in its positive zone but giving us some warnings of the under performance of the strength in recent price action. All in all, the long term is still rated as BULLISH .
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Sunday, December 09, 2007
Gold and Silver Analysis - Consolidation in Gold and Silver / Commodities / Gold & Silver
By: Joe_Nicholson
“This update has been writing for weeks that it would be relative weakness in Europe that would cause exchange rates to tip in the other direction. With the Fed closer to the end of its accommodations than the stubborn hold outs in London and at the ECB, holders of those currencies have wisely begun to suspect the ride up, for now at least, is ending. In all likelihood, the Fed will probably look to keep the cut light and favor further open market activities including a possible change in the discount rate while Treasury and other government entities come to the aid of the ailing housing market that's the real source of the problem. In the meantime, it's possible gold and silver will continue to face headwinds and lose their panic premium as investors put money back to work in financials and other stocks.” ~ Precious Points: Fairweather Friends, November 25, 2007Read full article... Read full article...
Saturday, December 08, 2007
Gold Pushed Higher by Carry Trade and Capital Market Tsunamis / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold price has not only been reacting to the absolute levels of the oil price and the fall of the $, but to the instability, uncertainty and downright fear in the Capital markets and the banking system. Two reasons why there is such a drama has been the activities of the "Carry Trade" and the resultant Capital Tsunamis, or even the complete lack of available capital [much as the shoreline pulls right back before the Tsunami hits].Read full article... Read full article...
Saturday, December 08, 2007
Gold in Large Coil Pattern Suggests Powerful Thrust To the Upside / Commodities / Gold & Silver
By: Mike_Paulenoff
No, I have not taken gold and the streetTRACKS Gold Shares (NYSE: GLD) off my radar screen, but I have to tell you that I do not have a high-confidence directional call right here. The pattern carved out in the GLD off its 11/08 high has taken the form of a large coil that exhibits a series of lower-highs juxtaposed against higher lows. Unless or until the GLD breaks key coil support at 77.00-76.80, my work argues that the overall pattern is bullish, and will resolve itself in a powerful thrust to the upside to new high territory in the vicinity of 85.00.Read full article... Read full article...
Friday, December 07, 2007
Investing in Gold Stocks (GDX) Exchange Traded Fund (ETF) / Commodities / Gold & Silver Stocks
By: Zeal_LLC
Investing and speculating in gold stocks is a very risky business. While they tend to greatly leverage the underlying gains in gold during a secular gold bull, individual stocks face a wide variety of perils on their journey to legendary gains. As a scary recent example illustrates, sometimes these perils can be catastrophic.
In late November, long-time junior-gold market-darling NovaGold (NG) shocked investors with a stunning announcement. This company said that its flagship Galore Creek project, which it only started construction on six months earlier , was suddenly uneconomical. NovaGold was shutting it down! As the markets opened after this news, NG gapped down 27%. It ended that single trading day down 53% from the previous day's close! Talk about a catastrophe for its owners.
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Friday, December 07, 2007
Gold and Oil Rally Higher on Inflation Hedge / Commodities / Gold & Silver
By: Mike_Clark
GoldGold was up $4.10 to $801.30 per ounce in New York yesterday and silver was up 14 cents to $14.44 per ounce. Gold has drifted sideways in Asian and early European trading and is trading at $801.50/802.00 per ounce at 1200 GMT. Gold was also up in pounds sterling and euro to £394 GBP (up from £389) and €547 EUR (up from €541).
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Friday, December 07, 2007
Gold Prices Volatile Ahead of Jobs Data; Gold Miners Hit Trouble Closing Hedge Books / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES flipped around the $800 mark early Friday in London , approaching the US open almost 2% above yesterday's start as key US jobs data loomed.
"Volatility, volatility, volatility," writes Wolfgang Wrzesniok-Rossbach in the latest Precious Metals Weekly from Heraeus.
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Friday, December 07, 2007
Soaring Inflation Means the Bull Market In Gold and Commodities Has Further to Run / Commodities / Gold & Silver
By: Aden_Forecast
Huge moves have been taking place this year (see Chart 1 ). It's a big deal but, with the exception of oil, not many people are paying attention. In fact, it seems like most people don't really care, and that's good for us.
At the New Orleans Investment conference in October, for example, attendance was lower than last year. Several of the speakers also commented on a general lack of enthusiasm.
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Friday, December 07, 2007
Recovery Rally in Natural Gas / Commodities / Natural Gas
By: Mike_Paulenoff
My near-term technical work in the US Natural Gas ETF (AMEX: UNG) argues strongly that Monday's low at 34.68 followed by Tuesday's successful retest --followed by today's strength -- are indicative of a meaningful upturn for at least a recovery rally into the 38.00-38.40 zone. Only a hurdle of 39.00/20 will argue that a very significant low has been established in the UNG.Read full article... Read full article...
Thursday, December 06, 2007
Why Junior Mining Stocks are Plummeting Despite Gold and Silver Bull market / Commodities / Gold & Silver Stocks
By: Dudley_Baker
The precious metals markets are killing the prices of many of the junior mining shares. What's happening and why are questions being asked by many individual investors as well as the most experienced analysts. Times like these are somewhat a mystery but yet an opportunity.
The market sentiment is terrible for many stocks and it seems there are few bids and the stocks have plummeted without merit and without regard for the company fundamentals, and the future outlook for the price of gold and silver.
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Thursday, December 06, 2007
Russian Government and Investors Aggressively Buying Stakes in the Gold Industry / Commodities / Gold & Silver
By: Gold_Investments
Gold Gold was down $3.90 to $797.20 per ounce in New York yesterday but silver was up 3 cents to $14.30 per ounce. Gold has drifted downwards in Asian and early European trading and is trading at $786.50/787.00 per ounce at 1200 GMT. Gold also fell in pounds sterling and euro to £389 GBP (down from £394) and €541 EUR (down from €546).
The dollar strengthened to a monthly high against the euro and oil fell sharply to below $87 a barrel and this and technical selling is leading to gold's sell off. The recent lows at $775 per ounce should provide support and there could be range trading consolidation between $775 and $845 prior to a likely challenge of the record 1980 high in the coming weeks.
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Thursday, December 06, 2007
Gold Slides as Oil & Bonds Fall, Stocks Rally Ahead of Bush's 'Hope Now' Rescue for US Subprime Market / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to slide early Thursday, falling more than 1% from Wednesday's New York close to trade at $786 per ounce by the time the Bank of England made the first cut to Pound Sterling interest rates in two years at midday in London .Read full article... Read full article...
Thursday, December 06, 2007
Dow Jones-AIG Commodity Index rebalancing Generates Significant Price Movements / Commodities / Resources Investing
By: David_Urban
Every year, the Dow Jones-AIG Commodity Index (DJAIG) rebalances for the upcoming year. This is significant for investors in that the DJAIG is followed by many investors looking to obtain commodity exposure. Exposure can be obtained through various investment vehicles created to mirror the index and rebalancing of the indices can create significant price movement as they occur.Read full article... Read full article...
Wednesday, December 05, 2007
US Economy Hurting, Days of Cheap Resources Coming To an End / Commodities / Metals & Mining
By: David_Vaughn
The well known and respected Gartman Letter remains “steadfastly bullish” on gold. The seasons are bearing down on us. Thanksgiving is now over a week behind us. Christmas is just around the corner and then we have a whole new year to follow these events in repetition. Gold appears to have very strong resistance around 790, but I doubt it will remain in that range for very long. The next major resistance for gold appears to be around 815. And when 815 – 825 is crossed we will probably observe gold making new highs. Always remember its 2 steps forward then 1 step back. I can live with those statistics.Read full article... Read full article...