Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Friday, October 19, 2012

Global Water Crisis, U.S. Eyes Canada's Great Lakes / Commodities / Water Sector

By: Richard_Mills

The number of people living in areas affected by severe water stress is expected to increase to almost four billion people...

Friday, October 19, 2012

Is the October Gold Correction Already Over? / Commodities / Gold and Silver 2012

By: P_Radomski_CFA

In today’s essay on the current correction in gold we would like to focus on one single question:

Is the correction in gold over?

In order to provide you with a reply to this question, we will analyze 2 charts (USD and gold) and the table that links them. Let’s start with the former one.

Friday, October 19, 2012

Gold's Fall Blamed On "Speculative Sellers", European Politicians "Papering Over Differences" / Commodities / Gold and Silver 2012

By: Ben_Traynor

THE SPOT gold price traded lower to $1732 an ounce Friday morning in London, near one-month lows, while stock markets and the Euro also fell as a two-day European summit came to a close with several issues unresolved.

The gold price in Euros meantime sank to its lowest level since the end of August at €42,647 per kilo (€1326 per ounce).

Friday, October 19, 2012

Gold Falls as EU Leaders Agree on Bank Supervisor / Commodities / Gold and Silver 2012

By: GoldCore

Today’s AM fix was USD 1,732.75, EUR 1,327.27, and GBP 1,078.86 per ounce.
Yesterday’s AM fix was USD 1,748.00, EUR 1,331.71and GBP 1,081.42 per ounce.

Silver is trading at $32.37/oz, €24.90/oz and £20.24/oz. Platinum is trading at $1,632.50/oz, palladium at $633.75/oz and rhodium at $1,175/oz.

Thursday, October 18, 2012

Gold’s Final Leg Down in Progress / Commodities / Gold and Silver 2012

By: Toby_Connor

In my last article I warned traders that markets, especially gold, were at risk of a profit-taking event. This was due to the fact that the dollar had found an intermediate bottom and begun a counter trend rally.

I think the second stage of that rally is probably beginning today. I'm looking for the dollar index to test the downward sloping 200 day moving average before rolling over and continuing the secular trend. 

Thursday, October 18, 2012

Will an OPEC Nation's Runaway Inflation Spark an Crude Oil Bull Market? / Commodities / Crude Oil

By: Marin_Katusa

Marin Katusa, Casey Research writes: In the third century, greed got the best of Rome's emperors. As they spent through the silver in the treasury, one emperor after another reduced the amount of precious metal in each denarius until the coins contained almost no silver whatsoever.

It was the world's first experience with currency debasement and hyperinflation. As people saw the value of their savings evaporate, society grew angry and demanded a scapegoat. Christians became that scapegoat, and Romans turned on them with incredible violence.

Thursday, October 18, 2012

Correction in Gold and Silver Stocks Nearing End / Commodities / Gold & Silver Stocks

By: Jordan_Roy_Byrne

We expected a correction after the gold and silver shares ran into predictable resistance that coincided with October seasonal resistance. That was predictable. Now we are 19 days into the correction and we see some stealth signs of strength and signs of the correction nearing its end.

Thursday, October 18, 2012

Crude Oil Prices - Goldman Revises Down / Commodities / Crude Oil

By: Andrew_McKillop

Ice sheets retreating due to global warming often suddenly stabilise for “decades to centuries” no matter that the warming is still going on, scientists of the British Antarctic Survey and partner research institutions have found. It would seem that current predictions of sea level rises to be expected on a given timescale with a given amount of global warming will need to be revised - downwards. System stability is much higher than previously thought - or hoped by global warming hysterics.

Thursday, October 18, 2012

Institutions "Losing Enthusiasm for Gold" / Commodities / Gold and Silver 2012

By: Ben_Traynor

SPOT MARKET gold bullion prices fell towards $1740 per ounce Thursday lunchtime in London,  0.8% down on the week so far, while most European stock indexes also ticked lower ahead of today's European leaders' summit in Brussels.

"While [gold] holds below $1758 the risk is to the downside," says the latest technical analysis report from bullion bank Scotia Mocatta.

Thursday, October 18, 2012

World Gold Council Publishes Gold’s Q3 Summary / Commodities / Gold and Silver 2012

By: GoldCore

Today’s AM fix was USD 1,748.00, EUR 1,331.71, and GBP 1,081.42 per ounce.  Yesterday’s AM fix was USD 1,747.75, EUR 1,333.86 and GBP 1,082.33 per ounce.

Silver is trading at $32.96/oz, €25.26/oz and £20.52/oz. Platinum is trading at $1,657.50/oz, palladium at $648.40/oz and rhodium at $1,200/oz.

Thursday, October 18, 2012

Gold Is Not Back In Favor Yet… / Commodities / Gold and Silver 2012

By: Chris_Vermeulen

Despite the decline this past week, gold seems to be regaining favor with global investors, as just a week earlier it had been flirting with the $1,800 an ounce mark. Quite a change from the sentiment in early summer when some investors were questioning whether the yellow metal’s decade-long bull run was coming to a close.

Thursday, October 18, 2012

What Now For the Price of Silver? / Commodities / Gold and Silver 2012

By: GoldSilverWorlds

Ted Butler: It has been quite some time since my good friend and silver mentor, Izzy Friedman, has written something about silver. Devastated by the loss of his wonderful wife of 56 years, Gabriella, Izzy withdrew from his daily silver market observation and our telephone conversations in order to restructure his life around family and travel and contemplation. We have started to talk more frequently and he agreed to write something.

Thursday, October 18, 2012

Obama And His Oil Pipelines / Commodities / Crude Oil

By: Andrew_McKillop

The Romney-Obama debate this week and once again featured attempts by both candidates to work "energy crisis" into the sparring and thrusting, to show how badly the opponent got his facts wrong and will only let things get worse if he either stays president, or becomes president. Obama kicked off with the one-liner that "because the economy was collapsing when I took office", gasoline prices in the US averaged a low $1.86 a gallon. Higher prices today are obviously a proof the economy is doing nicely, in fact using Obama's metrics, more than twice a nicely as in 2009 ! Economists might not agree.

Wednesday, October 17, 2012

Gold Faces 'Fierce' $1810 Resistance Level / Commodities / Gold and Silver 2012

By: Jesse

Gold and silver bounced today, but follow through is everything.

I include an updated chart showing the formation of a potential cup and hand on the gold daily chart.

London Trader describes the competition to buy physical gold at these levels as 'fierce' and is seeing heavy buying stepping in as even central banks wish to convert dollars and euros to gold.

Wednesday, October 17, 2012

Gold and Silver Price Breakout! / Commodities / Gold and Silver 2012

By: Peter_Degraaf

Are Gold and Silver preparing for another upside breakout? The battle is between the bullion banks with large short positions; and investors and hedge funds, (along with Asian central banks), that are protecting all or part of their net worth by owning some gold. It has been eleven weeks since my last article. In that article titled: "Gold and Silver Update" I indicated that the summer doldrums appeared to be over. Gold was trading at $1620 and silver at $28.03. I wrote that article with the observation that both metals were ready to rise, and I write today's article with a similar observation. The fundamentals have seldom been more favourable for the bull market in precious metals than they are today.

Wednesday, October 17, 2012

Do You Know Where Your Gold Is? / Commodities / Gold and Silver 2012

By: Ned_W_Schmidt

Owning Gold as wealth insurance is so widely accepted now as to make it a mainstream investment. A portfolio without Gold is like owning a home without insurance in a region where hurricanes are a normal weather event. The only remaining question facing an investor is what form of Gold to own and where to store it. The latter issue may be one not given sufficient consideration by investors. The question: Do you really know where your Gold is?

Wednesday, October 17, 2012

Gold Pullback to US$1700 "Would See Significant Support" / Commodities / Gold and Silver 2012

By: Adrian_Ash

WHOLESALE BULLION prices to buy gold recovered an early dip in London on Wednesday morning, rising back to $1750 per ounce as European stock markets also rose and the single currency hit its best level in more than a month.

The rising Euro knocked the price for French, German and Italian investors to buy gold back to a 6-week low of €1333 per ounce (€42,860 per kilo).

Wednesday, October 17, 2012

Gold Price To Reach $2500 an Ounce In 2013 - GoldCore / Commodities / Gold and Silver 2012

By: GoldCore

Today’s AM fix was 1,747.75 USD, 1,333.86 EUR, and 1,082.33 GBP per ounce. Yesterday’s AM fix was USD 1,737.50, EUR 1,337.36 and GBP 1,080.40 per ounce.

Gold rose $11.25 or 0.65% in New York yesterday and closed at $1,747.65. Silver rose to 26 cents to close at $32.95 for a gain of 0.8%.

Wednesday, October 17, 2012

Forget Renewable Energy, We Need Cheap Oil / Commodities / Crude Oil

By: OilPrice_Com

What does our world's energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will? Will natural gas and fracking help reduce our dependence upon oil and how will the world economy and trade fare as supplies of cheap oil continue to dwindle?

To help us take a look at this future scenario we had a chance to chat with Gail Tverberg - a well known commentator on energy issues and author of the popular blog, Our Finite World

Wednesday, October 17, 2012

Gold Price Forecast to Hit $2,300 by January 2014 / Commodities / Gold and Silver 2012

By: Jeff_Clark

Jeff Clark, Casey Research writes: While many of us at Casey Research don't like making price predictions, and certainly ones accompanied by a specific date, it's hard to ignore the correlation between the US monetary base and the gold price.

That correlation says we'll see $2,300 gold by January 2014.