Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, September 09, 2011
Global Currency Wars Sees Swiss Franc Devalue 8.5% Against Gold This Week / Commodities / Gold and Silver 2011
Gold is trading at USD 1,836.60, EUR 1,330.90 , GBP 1,153.90, JPY 142,750 per ounce and reached a new record nominal high in Swiss francs at CHF 1,652.83. Gold was higher in all currencies prior to sharp selling was seen in the hour after the London AM fix.
Gold’s London AM fix this morning was USD 1,879.50, EUR 1,359.39, GBP 1,177.12 per ounce. Yesterday’s AM fix was USD 1,827.00, EUR 1,298.88, GBP 1,146.68 per ounce.
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Friday, September 09, 2011
Gold Consolidates Gains while Gold Equities Outperform / Commodities / Gold & Silver Stocks
In only two months Gold surged from $1500 to $1900/oz. Over the past few weeks Gold has remained range bound from $1750-$1900. The longer Gold holds this range then the more optimistic we can be. That $400 move was not a parabolic blowoff top but the initiation of an acceleration. This consolidation is likely to develop into a bullish flag. While Gold consolidates, the gold equities have taken the leadership role. The large caps have broken out from a 10-month consolidation to a new all time high. The junior golds are not far behind.
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Friday, September 09, 2011
When Yield is Non-Existent, Gold and Silver are In Play / Commodities / Gold and Silver 2011
Personal and institutional finance differ in the most important way; personal finance assumes a limited lifespan, whereas institutional finance operates on the framework of a perpetual life. The lifecycle of an individual investor dictates that with each passing year, risk must be taken off the table to create a better trajectory for a coming retirement.
Years ago, the common line in the retirement planning business centered around the 4% solution to retirement. Retirees could plan on drawing 4% from their accounts each year, a combination of dividends from stock investments, and yields from well-paying fixed income investments.
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Friday, September 09, 2011
Gold Stock Investors Buy GDX and GDXJ / Commodities / Gold and Silver 2011
Yesterday morning I had a conversation with a brilliant reader of mine. We spoke about precious metals, the blatant manipulation of the metals (which I am happy to report the Central banks have been unable to sustain) and to point out two stocks that I had not given their fair due.
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Friday, September 09, 2011
Uranium Companies Poised for a Comeback / Commodities / Uranium
This year has brought uncertainty for the uranium sector. Since the tsunami and subsequent radiation leaks in Japan, developers and investors are questioning the best steps moving forward. In this exclusive interview with The Energy Report, Edward Sterck, an analyst with BMO Capital Markets in London, updates us on the sector's status and offers advice on the best companies to support in the coming months and years.
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Thursday, September 08, 2011
Why Invest in Gold, Silver and Platinum Bullion? / Commodities / Gold and Silver 2011
There are many reasons why pension fund managers, private investors and even governments are beginning to add bullion to their portfolios. Perhaps the most important reason for this shift is that bullion provides superior insurance in times of financial uncertainty such as we are facing today.
Until governments solve their debt problems and no longer need to debase their currencies through unbridled money creation, a fully diversified portfolio should include gold, silver and platinum both for wealth protection and growth.
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Thursday, September 08, 2011
Crude Oil's Climb Set to Stall? / Commodities / Crude Oil
This morning's crude oil inventory report showed a bigger than expected drawdown of 3.96 million barrels compared to expectations of 2 million barrels. Let's notice that although NYMEX oil remains up for the third consecutive session, today's high at 90.23 has not exceeded yesterday's high of 90.48 -- despite the bullish inventory news.
That's the first warning signal that the 8.8% climb in oil prices since Tuesday morning is stalling.
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Thursday, September 08, 2011
China Confirms Gold Price Suppression / Commodities / Gold and Silver 2011
In a piece of news that certainly delights GATA, Wikileaks published a cable going back to 2009 in the year that European central banks halted their sales of gold. It said the following:
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Thursday, September 08, 2011
U.S. Mint Gold Eagle Coin Sales Research (1987-2011) Casts Doubt on “Gold Bubble” Assertion / Commodities / Gold and Silver 2011
Gold is trading at USD 1,841.60, EUR 1,310.90, GBP 1,148.90, CHF 1,593.10 and JPY 142,290 per ounce and is thus trading at levels seen at this time yesterday.
Gold’s London AM fix this morning was USD 1,827.00, EUR 1,298.88, and GBP 1,146.68 per ounce. Gold fixed lower in all currencies from yesterday’s AM fix - USD 1,844.00, EUR 1,311.99, GBP 1,153.44 per ounce.
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Thursday, September 08, 2011
Gold Gains as Money Markets Have Almost Stopped Functioning / Commodities / Gold and Silver 2011
U.S. DOLLAR gold bullion prices rose to $1853 an ounce Thursday morning London time – 3.5% down on Tuesday's all-time high.
Major commodities fell while stocks and government bonds were slightly up, on a day which saw both the European Central Bank and the Bank of England leave monetary policy unchanged.
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Thursday, September 08, 2011
Gold – The Safest Haven? / Commodities / Gold and Silver 2011
I recently read ‘Is the U.S. Dollar Losing Its Safe-Haven Status’ - reading time 2 minutes - thinking time much longer. This article has caused me to re-visit my constant self-debate as to whether physical gold is the best available ‘safe-haven’.While the article is short, it quotes directly from a research note from the Bank Credit Analyst (‘BCA’ – a well-regarded research house). According to the above article, the note says:
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Thursday, September 08, 2011
The Swiss Franc Abdicates the Crown - Gold and Silver are King! / Commodities / Gold and Silver 2011
On Tuesday, Switzerland abdicated the crown as the safe haven currency and pegged itself to the Euro - 1.2 Swiss Francs to the Euro. This left a void. Who would step in as the safe haven currency? Everyone thought it would be gold and silver. Last night as we slept the Central Bank sold of about a billion dollars in gold to force the price of gold down. This caused the dollar to rise and sent money running to the stock market. This is blatant manipulation of the precious metals market because the Central Bank does not want the middle class having any safe harbor. They want them tied to the fiat paper currencies. In the end it won't work because China will stabilize the PM market but it worked yesterday as the Dow rose 275 and the S&P rose 33.38 points.
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Thursday, September 08, 2011
Time To Buy Junior Gold Mining Stocks / Commodities / Gold & Silver Stocks
Recently two mining giants -- Goldcorp (GG) and Barrick Gold (ABX) -- published their bullish earnings reports showing increasing margins due to a rising gold price. Here is a perfect example of a report that's trying to tell us something. The hidden message in these glowing statements is of great significance to gold traders. What is the other side of the story?
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Thursday, September 08, 2011
Germany's Renewable Energy Sources Rise to 20 Percent, After Fukushima / Commodities / Renewable Energy
The worldwide implications for nuclear power advocates in light of the 11 March disaster at Japan's Daichi Fukushima nuclear complex, battered first by an earthquake and a subsequent tsunami, are slowly unfolding.
Nations committed to nuclear power are being subjected to a relentless PR barrage by nuclear construction firms, who stand to lose billions if current contracts are suspended or, even worse, cancelled.
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Wednesday, September 07, 2011
Silver SLV ETF Coil Should Resolve to Upside / Commodities / Gold and Silver 2011
Increasingly, my pattern work in the iShares Silver Trust (SLV) is telling me that all of the action off of the Aug 22 recovery high at 42.30 through today's low at 39.21 is taking the form of a large coil that is positioned in the upper 40% of the entire advance from the May corrective low at 31.55.
If my pattern work proves accurate, then today's low should represent the latest coordinate in the coil -- and as such should not be violated if the integrity of the pattern is to be preserved.
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Wednesday, September 07, 2011
Gold False Comparison To 2008 / Commodities / Gold and Silver 2011
Whenever it suits Team Titanic from the increasingly tense helm, more phony comparisons are trotted out in baseless news stories posing as legitimate analysis. The latest propaganda plank is that the current financial climate, worse by the week, resembles 2008 and therefore bodes badly for the Gold & Silver prices. The implicit inference has no basis. In the final months of that fateful 2008 year, when Lehman Brothers served as the flagship going down in icy waters, writing the epitaph that marked the historic death event for the US banking industry, not yet recognized, the precious metal price fell by a huge amount in a liquidity drain amidst a grand crisis.
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Wednesday, September 07, 2011
The Silver Siren: Reversion To Reality / Commodities / Gold and Silver 2011
According to the World Gold Council – the overall level of global mine production is relatively stable. Supply has averaged approximately 2,497 tonnes per year over the last several years. 2500 tonnes is equal to 80.4 million troy ozs.
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Wednesday, September 07, 2011
Manipulation and Short-Term Instability of the Gold Market / Commodities / Gold and Silver 2011
August was sure a barnburner and we believe that was a prelude for an even wilder September. How often do you see gold fall $200.00 in 3 days and recover $187 in 6 days? In our 53 years of involvement in this sector we have never seen anything like this. This shows you what government manipulation is all about. Get used to it, this is what living in a corporatist fascist society is all about.
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Wednesday, September 07, 2011
Gold Bull Market Over With Double Top? / Commodities / Gold and Silver 2011
A few weeks ago I penned a public article and private forecast for my subscribers calling for a major correction in Gold being due. 72 hours after my forecast, Gold had dropped a stunning $208 per ounce in 3 days catching most by surprise. Why did I forecast a top in Gold then? Why did Gold rally back to new highs recently? Is the Gold Bull Market now over? Let’s see if I can answer those questions with some level of logic below.
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Wednesday, September 07, 2011
Is the Swiss Franc to Euro Peg Bullish for Gold? / Commodities / Gold and Silver 2011
On Tuesday, gold (NYSE:GLD) reached a new all-time nominal high of $1921.15 before falling back below $1900. Silver (NYSE:SLV) futures for December delivery retreated 2.8% to close at $41.86. Even though gold and silver suffer pullbacks from time to time, the bullish case for precious metals (NYSE:DBP) continues to build. Yesterday, the Swiss National Bank decided to surprise global markets and give investors another reason to buy gold and silver.
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