Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, November 28, 2007
What WIll Happen If Crude Oil Breaks Above $100? / Commodities / Crude Oil
By: George_Kleinman
The following is an excerpt from Larry Livingston's book Reminiscences of a Stock Operator , which is based on the story of Jesse Livermore, one of the greatest traders of all time.
When it got to 98 I said to myself, "Bethlehem is going through 100, and when it does the roof is going to blow clean off."
The tape said the same thing, more than plainly. In fact, it used a megaphone. I tell you, I saw 100 on the tape when the ticker was only printing 98. And I knew that wasn't the voice of my hope or the sight of my desire, but the assertion of my tape-reading instinct. I rushed to my broker's office and put in an order to buy 500 shares of Bethlehem Steel. I got them at 98 to 99.
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Wednesday, November 28, 2007
Rising Demand for Corn As a Biofuel and From Asia / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
Agri-Food commodities are an essential part of our lives. Nearly every hour of our waking day we come in contact with something derived from corn. We eat it, drink products made from it, write on paper made with starch, and are now trying to fuel our cars with it. However, competition for corn has greatly increased. Rising consumer demand, driven by expanding incomes in China, and an attempt to expand biofuel production have driven prices up from about $1.75 a bushel two years ago. Will the price of corn soon take out the most recent high? Will state bird of Nebraska be changed to the Lexus?Read full article... Read full article...
Tuesday, November 27, 2007
Gold Dives 2.2% from Monday's Top as Dollar Bounces / Commodities / Gold & Silver
By: Adrian_Ash
Indian Gold Prices Near All-Time High; Chinese Demand Rises 24% in Q3
SPOT GOLD PRICES dived in the first-half of London trade on Tuesday, recording an AM Fix of $823.25 per ounce, some 1.4% below Monday's morning fix.
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Monday, November 26, 2007
Precious Metals Bull Market - Why Silver Is About To Take Over For Gold / Commodities / Gold & Silver
By: Captain_Hook
The US Dollar ($) is losing its global reserve currency status, and the rate at which this is occurring is accelerating in direct proportion to easy money policy of the Fed. As with the $'s reaction to the Fed's policy decision, any further administered rate cuts will be met with an accelerating decline in the $, along with unfavorable and opposite reactions in market rates. This is why gold was able to slice through $800 easily Friday, because the commercial shorts (banks) are the same people who are exposed to trillions of Structured Investment Vehicles (SIV's), Collateralized Debt Obligations (CDO's), and various other forms of toxic waste; and they are discovering a direct bailout may not be forthcoming. This in turn cranks up the need for even easier money policies of course, which is why neither gold nor the $ ever correct much on trend, and is a condition that will be with us for some time considering the banks have only come clean with approximately 5-percent of their true exposures to toxic debt. This is why gold could vault to $1,000 and beyond by Christmas. Read full article... Read full article...
Monday, November 26, 2007
Gold Surges in European Trading to $835 / Commodities / Gold & Silver
By: Gold_Investments
GoldGold surged $26.90 to $824.60 per ounce in New York on Friday and silver was up 35 cents to $14.74 per ounce. Gold's safe haven qualities were again in evidence and gold was up nearly 5% for the week. Gold has since moved upwards in Asia and European trading and is at $835.50 per ounce at 1200 GMT. Gold also surged in euro, British pounds and other currencies and is trading near new record all time highs in pounds and euro at £403 GBP (up from £387 on Thursday) and €561 EUR (up from €541 on Thursday).
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Monday, November 26, 2007
Gold Breaks New Record Highs vs. Sterling and Aussie Dollar as Bear Market Looms for Global Stock Markets / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES leapt in early trade Monday, gaining nearly 0.9% in the first hour of London trade to reach an 11-session high of $836 per ounce.
For British investors, Gold Priced in Pounds Sterling broke a new all-time record high above £404 per ounce, gaining 6.9% from its three-week low of midnight last Monday.
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Sunday, November 25, 2007
Gold Long-term Bull Market Uptrend Remains Intact / Commodities / Gold & Silver
By: Merv_Burak
It was a shortened week but still a good one. A bounce off the intermediate term moving average line places gold in a good position to continue the rally.
GOLD : LONG TERM
The rally since August had reached the initial projection of $840 a few weeks ago and the new target is now $915. After reaching that initial projection gold reacted lower for a couple of weeks but bounced back to the up side this past week. As seen on the intermediate term chart, gold bounced off its intermediate term moving average line, still far above its long term line. Although the long term P&F chart has reversed its plotting direction it is still far away from reversing its bullish trend.
Saturday, November 24, 2007
Long-Term Trends in Global Natural Gas and Crude Oil Supply and Demand Point to Much Higher Prices / Commodities / Energy Resources
By: Joseph_Dancy
The energy consulting firm of Groppe Long & Littell made a presentation to the Kansas Independent Oil & Gas Association last month on the outlook for the energy sector. Two charts prepared by that firm are worth reviewing: Read full article... Read full article...
Friday, November 23, 2007
Rush to Gold as Global Banking Crisis Unfolds / Commodities / Gold & Silver
By: Julian_DW_Phillips
This week saw the $ cross the $1.48 line to the € heading for $1.50 after the U.S. markets closed for Thanksgiving. It then bounced after the London market had opened on Friday. We do expect a bounce, but not for long as a secondary phase of the crisis comes into play. What crisis, you may well ask? It is the sub-prime crisis/credit crunch/$ crisis as it spreads into the global economy [as well as inside the U.S. of A.]Read full article... Read full article...
Friday, November 23, 2007
Gold Peaked, Euro Peaking, Dollar Rallying / Commodities / Gold & Silver
By: Mike_Paulenoff
Not only does my work tell me that the GLD (Gold ETF) has peaked, it also is telling me the Euro may have hit a signficant high, and is ripe for a significant downside correction, which will pressure the gold as well...Today's conspicuous test of 150.00 is followed by what so far represents a key downside reversal amidst very significant momentum failures to confirm new highs since the 1.4600 area. Caution is the watch-word for the euro vs dollar now, which should impact gold prices negatively in the days ahead.Read full article... Read full article...
Friday, November 23, 2007
Gold Drops 1% from Sudden Spike as US Dollar Bounces from New Record Lows / Commodities / Gold & Silver
By: Adrian_Ash
STRONG BUYING late in the late Asian session on Friday drove Gold Prices to a series of one-week highs as the US Dollar sank to new all-time lows vs. the Euro before suddenly putting in its fastest rally in a month.Read full article... Read full article...
Friday, November 23, 2007
Will the Gold Bull Market Deflate? / Commodities / Gold & Silver
By: Alex_Wallenwein
Of course not. Ever tried deflating a balloon that hasn't been blown up yet? Kind of hard to do, isn't it?
When we think and talk about things, we often unknowingly accept and attach misleading labels to them, without giving it any thought at all. It's sort of a "garbage in, garbage out" principle. We accept a label others have unthinkingly given a subject, and then we run with it, which means by necessity that we are misapplying it.
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Friday, November 23, 2007
Energy Prices Continue Long-term Upward Trend / Commodities / Energy Resources
By: Joseph_Dancy
As we have noted for several years now the supply and demand balance for both crude oil and natural gas remains bullish for energy sector investors. Last month the following events occurred in the sector that are of interest to investors:Read full article... Read full article...
Thursday, November 22, 2007
Poor, Poor Investors & Analysts Who Have Blinders On To Real Inflation Adjusted Returns / Commodities / Gold & Silver
By: Investmentscore.com
As an investment, we do not favor gold and silver over US stocks or US stocks over gold and silver, but rather we believe that all investments are cyclical and that recognizing and investing in the long term trend is the key. However, in our opinion bypassing the distorting effects of inflation for a clearer perspective of the markets real performance is the secret.Read full article... Read full article...
Thursday, November 22, 2007
Gold Holds Steady as Base Metals Plunge & Oil Slips on Paulson's US Home-Loan Default Warning / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES traded in a $4 range around $803 an ounce in London Thursday morning, as global stock markets struggled to end three weeks of losses and crude oil slipped further away from $100 per barrel.
Ahead of the long holiday weekend in the US – starting with today's New York shutdown for Thanksgiving – equity markets in Asia lost another 0.6% on average today, led down by a 2.3% loss in Hong Kong .
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Wednesday, November 21, 2007
Commodities Supercycle Metals and Mining's Merger Mania! / Commodities / Metals & Mining
By: Money_and_Markets
Sean Brodrick writes:Australian mining giant BHP Billiton's stunning $149 billion bid for rival Rio Tinto — a combination that would control more than one-third of the world's iron sales — shows what we'll likely see in natural resources for at least the next 12 to 18 months — merger and acquisition activity escalating into a frenzy.
Already, a five-year rally in metals prices has spurred more than 1,448 takeover offers in the mining industry (with a value of about $185.7 billion) in just the past 12 months!
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Wednesday, November 21, 2007
Gold Dumps $12 Per Ounce After 4.5% Surge as Dollar Hits Crisis; Change in Oil's Currency Regime Now "Inevitable" / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET dumped more than $12 an ounce in London on Wednesday morning after peaking at $807.45 late in the Asian session – nearly 4.5% above Tuesday's low.
This wild volatility hit Gold Prices as world stock markets plunged, the US Dollar sank to new all-time lows, and crude oil came within 71¢ of $100 per barrel.
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Wednesday, November 21, 2007
Agricultural Commodities Sector Remains Attractive: 'A Sense of Panic' / Commodities / Agricultural Commodities
By: Joseph_Dancy
We continue to add to positions that should benefit from a strong global agricultural sector. Like the mining and energy sector, long term capital investments in this sector have lagged, especially in light of growing global demand for grains.
Recent events have occurred in the sector which are of interest to investors:
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Wednesday, November 21, 2007
Uranium Stocks Maintain Bearish Intermediate Term Trend / Commodities / Uranium
By: Merv_Burak
I guess we should give thanks for small mercies. That's one up day in a row, maybe we can go for two. The Merv's Daily Uranium Index closed higher by 0.051 points or 1.18%. In uranium terms that's not so hot. Of the 50 component stocks we had 20 that closed higher, 24 that closed lower and 6 that were unchanged. Of the five largest stocks by market value, Cameco gained 2.2%, Denison gained 0.1%, Paladin lost 0.3%, UEX gained 1.8% and Uranium One gained 1.0%. Quaterra was the best daily performer with a gain of 19.7% while Titan Uranium was the worst with a loss of 9.3%.Read full article... Read full article...
Wednesday, November 21, 2007
Gold in Second Gear - US Fed Out of Gas! / Commodities / Gold & Silver
By: Alex_Wallenwein
As observed in August , gold has broken out of its first gear and ratcheted into second gear back in early 2006, not long before its top for that year. Although it broke down in May of '06, it has steadfastly remained atop its then-established bottom trendline, which was the upper limit of the bull market's "first gear" stage.
When the August "Gold Uptrend" article was published, this second gear was merely a possibility, based on the latter observation (i.e., that it never dipped significantly below its former uptrend ceiling. The recent top near $850/oz last Friday has now confirmed that formerly theoretical second gear stage as a valid second trend channel piggybacking right on top of the first gear stage.
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