Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, September 07, 2013
Gold And Silver - It Is Always About One Thing: Timing / Commodities / Gold and Silver 2013
Is the current rally from the lows the result of:
A. Long lines to buy silver and gold coins world-wide
B. Unprecedented demand for those same coins, year over year
C. Drawdowns of physical gold/silver on COMEX
D. Central bank PM vaults about empty
Saturday, September 07, 2013
Cashing In Your Gold Insurance / Commodities / Gold and Silver 2013
One nation's recovery is another's credit crisis. Time to sell gold...
COTTON is it, for the second anniversary? Today marked two years since gold hit its all-time peak so far.
Tuesday 6th Sept 2011 was wet and windy, both in London and gold. Late Asian trade had seen the wholesale gold price rise 1.4%, reaching $1921 per ounce. Prices then turned lower, and by the time New York opened the air was hissing out of gold futures.
Friday, September 06, 2013
Indian Gold Price Soars, Neear Collapse of Another Fiat Currency / Commodities / Gold and Silver 2013
Gold denominated in Indian rupees just skyrocketed up near record highs, a far cry from recent dollar-gold action. Much of this extraordinary rally was fueled by the near-collapse of the Indian currency to new record lows against the US dollar. India’s deepening currency crisis has major implications for domestic gold demand and thus global gold prices. Nothing ignites gold buying like a collapsing currency!
Indians’ deep cultural affinity for gold is legendary. For decades it was the world’s biggest consumer of gold, although China is overtaking it now. According to the World Gold Council, in the first half of 2013 India still accounted for a staggering 28% of global consumer gold demand! The 566.5 metric tons of the yellow metal Indians bought in the last two quarters greatly dwarf Americans’ 83.4t purchased.
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Friday, September 06, 2013
Gold: An Attitude Adjustment For Institutional Banks / Commodities / Gold and Silver 2013
The last couple of weeks have witnessed changing attitudes of large institutions concerning the gold price. A growing number of institutional analysts are become bullish - some them ultra bullish - on gold's near-term outlook. What makes this unusual is the fact that only a few weeks ago they were singing a bearish tune. The swift attitude adjustment is a testament to the strong impact of rising prices on the investor psyche.
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Friday, September 06, 2013
Gold Marks 2 Years from Top with $30 Jump on Weak US Data / Commodities / Gold and Silver 2013
The PRICE of gold jumped $33 from a new 10-session low in just 5 minutes on Friday, touching $1393 per ounce before easing back after August's Non-Farm Payrolls data on US jobs came in weaker than expected.
Net hiring rose to 169,000 jobs instead of the 180,000 analysts forecast. The US unemployment rate, however, fell to a 44-month low of 7.3%.
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Friday, September 06, 2013
Sell Gold, Buy Stocks: Really Dumb Idea / Commodities / Gold and Silver 2013
With delusions running rampant, the investment community gave into the pressures for conformity in June to embark on another one of their ongoing errors of judgement. Selling Gold and buying equities became an emotionally driven mania, void of reason. Rather than assessing rewards and risk for their clients, the "teenage" traders running "hedge" funds again chose the wrong strategy.
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Friday, September 06, 2013
India Doubles Silver Imports - Bullion Coin, Bar and ETF Demand Surging / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,368.25, EUR 1,042.24 and GBP 877.87 per ounce.
Yesterday’s AM fix was USD 1,391.75, EUR 1,054.60 and GBP 891.06 per ounce.
Gold fell $25.20 or 1.81% yesterday, closing at $1,368.70/oz. Silver slid $0.32 or 1.36%, closing at $23.21.
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Friday, September 06, 2013
How High Could Silver Prices Go? / Commodities / Gold and Silver 2013
One of the most often asked questions by those interested in investing in silver pertains to not only how low, but how high silver’s price can go.The range is anywhere from a paper price of zero, given the role of the bullion banks in the decades long silver market price suppression conspiracy, to infinity in the event of a U.S. Dollar hyperinflationary scenario.
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Friday, September 06, 2013
Gold and Silver in a World that is Flat, Fungible and Fiat / Commodities / Gold and Silver 2013
Ultimately, the global markets remain the battlefield in which investors compete for the last remaining quality collateral. Furthermore, secondary to Fed taper talk’s effect on the United States, is its impact on markets abroad.
As a case in point, the impact of the recently announced Fed QE taper plans on the exchange rate of emerging market currencies has been rather dramatic to say the least. The threat of tapering has sent shock waves across emerging markets seeing sharp crashes in the value of Indonesian and Indian currencies. Even the Mexican Peso has been hit substantially as hot money investors’ interest returns to Dollar assets.
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Friday, September 06, 2013
Gold and Silver Stocks No Retest of June Lows / Commodities / Gold and Silver Stocks 2013
Recently I’ve received some emails from those who are concerned about a retest of the June low in the precious metals complex. That prompted me to look at how rebounds develop from significant bottoms. In recent months we focused on historical bottoms in gold stocks and it helped us to pinpoint the best buying opportunities. In this editorial we broaden the scope and examine how certain bottoms play out and why they play out in a particular manner. The length and depth of the preceding bear market helps us to understand how the ensuing bull market evolves during its initial rebound.
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Thursday, September 05, 2013
Gold Price, What Can We Infer From Copper and Palladium? / Commodities / Gold and Silver 2013
According to Reuters, gold rose after President Barack Obama won the backing of key figures in the U.S. Congress, including Republicans, in his call for limited strikes on Syria to punish the government for its suspected use of chemical weapons against civilians. Earlier on Tuesday, a missile test by Israeli forces training in the Mediterranean with the U.S. Navy set nerves on edge. These circumstances stimulated safe-haven buying in the gold market and resulted in an increase in price to above $1,416 an ounce.
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Thursday, September 05, 2013
Top 10 Reasons To Buy Gold and Silver / Commodities / Gold and Silver 2013
Mike Maloney writes: As I have said many times before, the economic crisis of 2008 was only a speed bump on the way to the main event. I believe that before the end of this decade there will be an economic crisis so historic that it will eclipse the crash of 29 and the subsequent great depression. I also believe it is both unavoidable and inevitable, because it is merely the free market releasing the stored up energy from decades of economic manipulation. Yes… bad things are going to happen, but it could be the best thing that ever happened to you.
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Wednesday, September 04, 2013
Gold Drops with Oil as US & Russia Argue Over Syria Ahead of G20 / Commodities / Gold and Silver 2013
WHOLESALE GOLD fell back below $1400 per ounce for the third day running Wednesday lunchtime in London, dropping to $1393 and trading 1.7% below yesterday's high as crude oil and world stock markets both fell 0.5%.
Silver dropped to $23.53 per ounce, some 4.0% below Tuesday's top.
Major government bonds edged higher, nudging interest rates down, while weaker Eurozone debt fell in price.
Wednesday, September 04, 2013
Gold Looks Good Here; Gold Miners Look Even Better / Commodities / Gold and Silver 2013
Michael Lombardi writes: When gold bullion prices fell just below $1,200 an ounce on June 28 of this year, the general consensus was that buyers had run out. After all, why would someone buy an asset that was declining in value so fast? That line of thinking, which I pointed out many times in this column as ridiculous, didn’t pan out.
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Wednesday, September 04, 2013
An American Energy Revolution / Commodities / Energy Resources
In Texas these days, there’s a feeling of absolute and unwavering confidence in the concept of an American energy revolution. From the depths of reserves to the richness of the energy, an incredible transformation is taking place.
We’ve been talking about the significant impact of the U.S.’s oil production for a while now, but the buzz about shale oil and gas is only getting louder. At Morgan Stanley’s energy forum in Houston in August, Director of Research John Derrick and Portfolio Manager Evan Smith said shale was the prevailing topic.
Tuesday, September 03, 2013
Gold and Silver Off to the Races / Commodities / Gold and Silver 2013
Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively.
Fortunately, after staggering along the lows, the precious metals are off to the races once more - with gold rallying more than 18% and silver 31%. This remarkable performance continues even in the face of the Fed's sustained tapering threats.
Tuesday, September 03, 2013
Dave Forest: How to Play the Looming Platinum Supply Crisis / Commodities / Platinum
South Africa, platinum mining giant, is about to fall off the investment map, says Dave Forest of Pierce Points. Until the country sorts out its labor politics, there is a real need to establish alternative sources of platinum group metals, vanadium and manganese. In other words, while it's a bad time to be a miner in South Africa, it's a good time to hold in-ground reserves. In this interview with The Metals Report, Forest names deposits in the Americas and elsewhere in Africa with the potential to meet global platinum needs. But he's choosing carefully, because even in times of scarcity, Forest argues, it just won't do to develop anything other than the best, most economic mining projects.
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Tuesday, September 03, 2013
Gold Touches $1400 as "High Syria Risks" Meet "Price-Sensitive" Asian Demand / Commodities / Gold and Silver 2013
WHOLESALE London prices for physical gold jumped $15 from a drop to $1384 per ounce Tuesday morning, gaining after the Interfax news agency in Russia – political ally of Syria's President Assad – reported two "objects" being fired in the Mediterranean, towards the sea's eastern coast.
The gold price then fell back only to rise and touch $1400 for the first time this week – 2.5% below last Wednesday's 3-month high – as Israel confirmed the launch, saying it was done to test what Reuters calls a "US-funded" anti-missile system.
Monday, September 02, 2013
Drums Of War Spark Rally In Gold, Silver and Energy Prices / Commodities / Gold and Silver 2013
A potential bull market in commodities, precious metals and miners could accelerate higher if Congress gives Obama the approval to attack Syria based on the use of chemical weapons of mass destruction against innocent civilians. Commodities, energy, gold and silver are safe havens that usually rise in value during international conflicts and war. Remember the major breakout in gold after September 11th in 2001 and the invasion of Iraq in 2003. The ramifications of increased involvement in the Middle East could have a major impact on global trade. The tensions with Russia is increasing as Putin supports Assad.
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Monday, September 02, 2013
Crude Oil Price No Breakout But the Trend Remains in Place / Commodities / Crude Oil
From today’s point of view, it seems that the situation hasn’t changed much since our last Oil Update, because light crude is trading between $105 and $107 per barrel once again - just like it did a week ago. However, last week was very interesting and brought a significant improvement in the oil market – a positive change which, eventually, turned out to be only temporary.
The crude market is always sensitive to Middle East conflict. As you remember, prices rose to $115 on the unrest in Libya two years ago and to $110 on Iran’s nuclear program. In the previous week we saw similar price action.
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