Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, October 24, 2007
A Breakfast Buffet of Profits From Agricultural Commodities / Commodities / Agricultural Commodities
By: Money_and_Markets
Sean Brodrick writes : When I was learning this business, I sometimes used to have breakfast with an old trader. During a big selloff, he would always remind me that great stocks get dumped along with the stocks that deserve it.
My old mentor has since gone up to the great trading floor in the sky. Meanwhile, I've noticed breakfast has gotten a lot more expensive over the last few years.
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Tuesday, October 23, 2007
Gold and Silver Correction Has Begun / Commodities / Gold & Silver
By: Bob_Kirtley
Sam Kirtley writes: Gold and gold stocks have been doing incredibly well over the last couple of months, but nothing goes up in a straight line, and we believe that a correction in gold and gold stocks is imminent, and yesterdays trading could have signalled the beginning of the pullbackRead full article... Read full article...
Tuesday, October 23, 2007
Gold Recovers as Stock Markets Rally; Bond Prices "Simply Not in Line" with Inflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose all through the Asian and early London sessions on Tuesday, regaining $12 of Monday's $20 plunge to trade at $760 per ounce just ahead of the US open.Read full article... Read full article...
Tuesday, October 23, 2007
Gold Fell as Dollar Bounced / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $10.70 to $752.90 in New York on Monday. Gold's sell off was mild and expected despite some of the more alarmist headlines. It was a drop of a mere 1.4% which is not much considering gold had moved up nearly 17% in just 60 days. Nothing grows to the sky and there are always pullbacks, profit taking, healthy corrections and consolidation in any bull market.
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Monday, October 22, 2007
OIl Targets $100 As Clashes Between Turkey and PKK Continue and Gold Remains a Safehaven / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down 30 cents in New York on Friday from $763.90 to $763.60 but rose 1.9% for the week. It moved sharply higher when it opened in Asia this morning, trading as high as $768.10 before selling off in volatile trade. It was trading at $756.00/ 756.50 at 1200 GMT.
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Monday, October 22, 2007
Gold Bull Market Hit 27 Year Highs; On Target for $850 / Commodities / Gold & Silver
By: Aden_Forecast
Gold is glittering, soaring more than $100 since mid-August, to a new bull market high and to its highest level since January 1980. The six year bull market is strong and solid.
Crude oil, platinum, lead and wheat have been even more impressive, reaching record highs. Lower interest rates have given the commodity markets a boost. A mega rise is underway and it'll likely last for years.
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Monday, October 22, 2007
Gold Drops Hard with Stocks, Oil & Euros After Yen Surges; Bond Holders Await "Trick AND Treat" from the Fed / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES failed to recover a sharp overnight drop early Monday, sinking below $750 per ounce for the first time in 10 days to cap a run of eight weekly gains in nine.
Crude oil prices also fell hard – losing almost $5 per barrel from last Thursday's new record highs – while world stock markets sank alongside, dropping more than 1.9% on the MSCI's Asia-Pacific index.
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Monday, October 22, 2007
Silver Could Take Off Like a Rocket on Breakout / Commodities / Gold & Silver
By: Clive_Maund
It is important not to be fooled by the fact that silver hasn't yet broken out to new highs, unlike gold, and to interpret this as a sign of weakness, for the current setup in silver is very bullish, even if it reacts back significantly short-term as now looks likely. Read full article... Read full article...
Monday, October 22, 2007
Gold Gearing Up For Strong Bull Market Rally Into 2008 / Commodities / Gold & Silver
By: Clive_Maund
Gold's situation now bears a striking resemblance to the period from September through November 2005, which was followed by an almost uninterrupted advance that resulted in near 60% gains. At that time gold had just broken out from a 7-month triangular consolidation to become overbought. A consolidation pattern then formed which involved it correcting back to the vicinity of its 50-day moving average, after which it took off. Read full article... Read full article...
Sunday, October 21, 2007
Weekly Gold and Silver Technical Analysis Report - Another Global Financial Markets Collapse? / Commodities / Gold & Silver
By: Merv_Burak
Are we in for another global market collapse? Good thing we focus here on the precious metals, which are doing just fine so far.
Gold Open Interest (cont.)
Just a couple of additional notes on the gold open interest. As mentioned last week my open interest data only goes back some five years, to 03 Dec 2002 . At that time the open interest stood at 158,433. Over this past five year period, as gold generally trended higher, the open interest also generally trended higher. The increase in open interest during this time was 328,775 contracts representing 32.9 million ounces of gold which at today's price represents $25.3 Billion.
Sunday, October 21, 2007
US Electricity Generation Crisis Building / Commodities / Energy Resources
By: Roger_Conrad
Oil prices are rapidly approaching $100 a barrel. Coal is vilified as the cause of global warming, and a big tax imposition is only a matter of time. Natural gas is several times its levels earlier in the decade, despite a sector depression that seems to continue to worsen.
New nuclear plants are a decade away at best. Wind and solar plants run at low capacity rates even under the best of circumstances. And geothermal is only available in a few regions.
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Saturday, October 20, 2007
Gold and Silver Analysis - Precious Points: Rate Cut, Bernanke, One More Time! / Commodities / Gold & Silver
By: Joe_Nicholson
So, we didn't get our liftoff last week exactly as expected, or perhaps it's still playing out, but the issue for the bigger picture in gold remains. Remember, what has to be decided is whether this is the middle part of a corrective pattern from the 2006 highs or the start of a new impulsive bull leg. Ultimately, silver will probably take its general direction from whichever outcome is decided for gold, leaving a very bullish future with the possibility of one more correction first. $14 … remains a psychological resistance level. Read full article... Read full article...
Friday, October 19, 2007
Too Big for Gold and Too Big to Handle - Major Funds Dominate the Global Economy / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold price has continued to look solid in the $650 area. Confidence in the banking, not just the mortgage system was given quite a blow last week. The $ rallied, but is in the process of turning down again. What lies ahead and why? Here are some of our views, which were published in the latest edition of the Gold Forecaster last week. These views are now being expanded there, with a closer look at the two types of "liquidity" supply. Their appearance has been sudden spread over just a few recent years. For the rapid growth of sovereign wealth funds, petrodollar investors [government controlled], hedge funds, and private equity groups [profit seekers] poses risks for the world economy as large as themselves. Read full article... Read full article...
Friday, October 19, 2007
Crude Oil Bull Market Cycles Point to a Sharp Correction / Commodities / Crude Oil
By: Zeal_LLC
After powering above $85 per barrel this week, crude oil is one of the hottest commodities around. Although this week's stellar prices haven't yet reached oil's all-time inflation-adjusted highs near $100 from way back in spring 1980, these new nominal record prices are really getting speculators' blood flowing.
Nearly everyone is bullish on oil, and for very good reason. Global demand, led by the rapidly-industrializing Asia , is growing relentlessly and will continue to do so for decades. Meanwhile existing oilfields are increasingly depleting, lowering production and raising costs. And despite vast sums of money poured into oil exploration globally, major new elephant finds have become exceedingly rare. And most of the world's known oil reserves sit in geopolitically-troubled regions, complicating recovery.
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Friday, October 19, 2007
Technical Damage to Energy Stocks, XLE / Commodities / Oil Companies
By: Mike_Paulenoff
The weakness in the Energy Select SPDR (AMEX: XLE) today has inflicted some technical damage to the near-term chart structure. Let's notice that the plunge beneath 77.10/00 has violated the up-trendline off of the August low, which has triggered downside follow-through to initial support at 76.00-75.80. Judging from the very negative juxtaposition of the price action and sharply declining RSI momentum gauge, I expect additional weakness to press the XLE towards 74.00 prior to any meaningful recovery rally period.Read full article... Read full article...
Friday, October 19, 2007
Gold Gains for 8th Week in Nine as Oil Rises, Bond Yields Fall; Outpaces All Currencies vs. the Dollar / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES surged to a new 27-year high early Friday, briefly breaking $771 per ounce as the US Dollar sank to new lows on the currency markets.
Oil prices also rose, shooting to a new record high above $90 per barrel as an assassination attempt on Benazir Bhutto, newly returned to Pakistan to discuss power-sharing with the military junta, killed 133 people in Karachi .
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Thursday, October 18, 2007
Nartural Resources - The Biggest Boom You'll Ever See! / Commodities / CRB Index
By: Money_and_Markets
Larry Edelson writes: Gold is at 27-year highs, about to blast off even higher … and soar to well over $1,000 an ounce.
Oil is also at new record highs … trading over $85 a barrel … on its way to $120 … then, even higher.
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Thursday, October 18, 2007
Gold Dips Again as Oil Rises; US Dollar to "Plunge" if Growth Slows, Inflation Rises / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked lower from an overnight rally in early European trade Thursday, moving from $762 per ounce to $760 by lunchtime in London .Read full article... Read full article...
Thursday, October 18, 2007
Turkey and Iran Potential Conflicts Mean Crude Oil on Course to Hit $100 per barrel / Commodities / Crude Oil
By: Gary_Dorsch
Tension in the Middle East has always been a favorite tactic for the “Axis of Oil” – Iran, Russia, and Venezuela, to keep the price of crude oil pegged at artificially high levels. Talk of war in the world's most unstable region can inflate a hefty “war premium” into each barrel of OPEC and Russian oil. In the Middle East, wars seem to break-out every few years, and lulls in the fighting are often just a timeout, in order to re-supply and prepare for the next round of combat. Read full article... Read full article...
Thursday, October 18, 2007
USDA Drops an Agricultural Bombshell! / Commodities / Agricultural Commodities
By: Money_and_Markets
Sean Brodrick writes: The USDA dropped a bombshell last week — reporting that U.S. wheat stockpiles may fall to the lowest level in 59 years! As disturbing as that is, it is 100% bullish for grain prices, especially given soaring worldwide demand for agricultural products. Read full article... Read full article...