Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, October 26, 2007
Why Silver Is Lagging the Gold Bull Market / Commodities / Gold & Silver
By: Zeal_LLC
Since the middle of August alone, gold has powered 18% higher driving a 40% rally in the HUI gold-stock index. Just a week ago the Ancient Metal of Kings closed near $768, its highest nominal levels seen since its famous January 1980 super spike. And both gold and HUI seasonals now argue for more gains in the months ahead. Today really is the best of times for gold investors.
Despite this good fortune, a nagging doubt is gnawing away at the minds of many traders. Silver, which tends to run higher with gold, has not been confirming gold's move. While gold carves majestic new bull highs, silver hasn't even come close yet to exceeding its May 2006 high of just under $15. Though it has run 20% higher at best since mid-August, barely beating gold's gains is considered a failure for silver.
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Friday, October 26, 2007
Gold Nears 9th Weekly Gain in Ten as Financial Traders Bet on Cheap Money Bail-Out for US Housing / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES hit a new 27-year high above $778 per ounce on Friday morning before dipping $2 by lunchtime in London .
Asian stock markets leapt, bond prices rose, and oil prices also surged on a fresh record low in the Dollar after S&P and Moody's – the global ratings agencies – cut the credit-worthiness of debt issued by Merrill Lynch, the troubled US investment bank.
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Thursday, October 25, 2007
Credit Crunch Meltdown and For Gold the Trend is Your Friend / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was trading sideways in Asia and early in Europe and is trading at $764.50. Resistance is at last week's 28-year high of $770, while support is at $750 and there is strong support at $725. Gold's price oscillator (PPO), is showing that gold is not particularly overbought. It is still below 3 whereas after the last serious move in the gold price into the May 2006 highs, the PPO reached as high as 6.
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Thursday, October 25, 2007
Filtering the Opportunities and Location of Mining Properties / Commodities / Metals & Mining
By: Dudley_Baker
There are literally no geographical boundaries for companies in search of natural resources. Nearly every country from the United States , Peru , Ecuador , Brazil , Argentina , Venezuela , China , Turkey , Mexico and even under the ocean floor, offer the potential for incredible opportunities.Read full article... Read full article...
Wednesday, October 24, 2007
Where Does Gold Go From Here? / Commodities / Gold & Silver
By: David_Vaughn
A picture of gold's price action Tuesday shows it bouncing up and down. This is normal and to be expected in a classic bull market.
So, where to from now? And maybe we should ask where we presently are at the moment? Gold remains strong and staying well above 700.
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Wednesday, October 24, 2007
Consolidated Pacific Bay Minerals Ltd. (V-CBP) / Commodities / Uranium
By: Merv_Burak
In these daily (well, almost daily) technical analysis of uranium stocks I sometimes try to see if there are stocks that seem ready for significant upside moves, and especially if they are on the cheep side like “penny” prices. Well, Consolidated Pacific Bay Minerals Ltd.Read full article... Read full article...
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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