Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, September 09, 2010
Gold Fails to Break Above $1265 / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD and silver bullion ticked back early Thursday from yesterday's near-record and 30-month highs to the Dollar, as world stock markets rose and government bonds edged down.
The US Dollar rose on the forex market, holding the gold price in Euros just shy of a 10-week high at €31,800 per kilo. Crude oil crept a few cents higher to $75 per barrel.
Thursday, September 09, 2010
Gold Rises to £816 as Pound Falls on UK Trade Deficit and QE2 / Commodities / Gold and Silver 2010
By: GoldCore
Gold is flat in dollars but higher in euros, Swiss francs and particularly British pounds this morning (see Cross Currency Table). Jitters about European sovereign debt markets is keeping gold above $1,250/oz and near record highs of $1,265/oz. The complacency of recent weeks is giving way to the gradual realisation that the worst may not be over yet, in terms of the global financial crisis and this could lead to a challenge of $1,300/oz in the short term rather than the long term.
Thursday, September 09, 2010
US Mint Running Out of Silver (and Excuses) / Commodities / Gold and Silver 2010
By: Tarek_Saab
In Title 31 of the US Code, the United States Mint is required by law to supply "in quantities sufficient to meet public demand, one dollar silver bullion coins of specified size, weight, and design." (Source) This law is widely referenced, and I have criticized the US Mint in the past when it fails to meet consumer demand because of poor planning, despite the availability of silver.
Thursday, September 09, 2010
An Insider’s Perspective on Recent Gold Discoveries and Where to Look Next / Commodities / Gold & Silver Stocks
By: Q1_Publishing
Dear reader,
It’s a perfect storm for junior gold stocks.
Gold prices are climbing steadily, billions of new exploration dollars are being pumped into the ground, and years of exploration work are starting to pay off in big new discoveries.
Read full article... Read full article...
Thursday, September 09, 2010
Gold and Silver and Stocks Technical Price Target Forecasts / Commodities / Gold and Silver 2010
By: Jordan_Roy_Byrne
The precious metals sector is at an important juncture. Let’s take a look at the potential upside targets.
First lets start with Gold. Gold has formed a bullish cup and handle pattern, which is more bullish than usual due to the handle being formed at a higher level than usual. The pattern projects to $1450. Initial support is $1235-$1240 followed by $1225.
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Thursday, September 09, 2010
Gold to be Boosted By President Obama's Election Policies / Commodities / Gold and Silver 2010
By: The_Gold_Report
What do politics have to do with precious metals? A lot, according to Brien Lundin, who writes Gold Newsletter. In this exclusive interview with The Gold Report, Brien reveals how the November elections will be pivotal to gold and why President Obama's policies could provide a big boost to the yellow metal. He also shares some of his favorite producers in the sector.
The Gold Report: Recent reports are signaling that consumer confidence and sentiment are up and that the balance sheets of U.S. corporations are stronger. Yet, gold is going up at the same time. What's happening with the gold market right now?
Wednesday, September 08, 2010
Gold September Trend Forecast For Huge Rally Following Mid Month Low / Commodities / Gold and Silver 2010
By: Przemyslaw_Radomski
Like the song says - See you in September - the ninth month has notoriously been the strongest calendar month for gold. Rather than accept this blindly as Gospel Truth, we have decided to delve into this in detail to see what factors could be used to explain this phenomenon. After all, statistics can sometimes be misleading, for instance if someone owns a dog that does not mean that they both on average have three legs.
Wednesday, September 08, 2010
Gold Pauses Near Record High Whilst Silver Breaks Above $20 / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD peaked within 0.4% of June's all-time high for Dollar investors on Wednesday morning, before slipping $7 an ounce from $1262 at the start of Wall Street trading.
European stock markets rallied from an earlier drop, but Asian stock markets extended yesterday's loss, holding the MSCI World Index one-third below its peak of autumn 2007.
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Wednesday, September 08, 2010
Three Ways to Profit From Silver's Looming Bull Market Breakout / Commodities / Gold and Silver 2010
By: Money_Morning
JACK BARNES writes: It's the last major commodity to enjoy a true price breakout, and it's already doing so in a foreign currency.
This commodity has yet to break out in U.S. dollar terms, although its breakout in India is a signal that it's time for U.S. investors to make their move.
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Wednesday, September 08, 2010
Gold Strong in All Currencies, a Whisker from New Intra Day Record Dollar High / Commodities / Gold and Silver 2010
By: GoldCore
Gold rose again yesterday and had a new record daily high close (nominal) as renewed concerns about European banks and sovereigns led to a flight to the relative safety of US Treasuries, German bunds, the yen and the Swiss franc. Gold also rose in yen and Swiss franc terms yesterday showing that it is increasingly trading as a currency rather than a commodity. Gold surged in the euro and is again challenging the €1,000/oz level.
Wednesday, September 08, 2010
Recession, Depression, or Recovery, Gold Continues to Boom / Commodities / Gold and Silver 2010
By: Q1_Publishing
As gold nears new all-time highs, a minority of investors is in it, more are waiting for a dip, and most will miss out on it altogether. Well, until the top when everyone will be herding into it.
The case for gold is a simple one. But today we’ll look at why the gold boom has much more room to run and how historical evidence shows there isn’t much time to “weight” to get in.
Wednesday, September 08, 2010
How Much is Too Much for Gold-in-the-Ground? / Commodities / Gold and Silver 2010
By: Adrian_Ash
This year's bumper gold-mining deals come as big discoveries have gone missing in gold...
WHATEVER'S LURKING in Andean Resource's data room – opened to suitors for two years, but now closed after GoldCorp trumped Eldorado's US$3.3bn bid – it must be pretty spectacular.
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Wednesday, September 08, 2010
Central Banks Coded Messages to Buy More Gold / Commodities / Gold and Silver 2010
By: Richard_Daughty
Bloomberg.com had the headline "Bank of Korea 'Under Pressure' to Boost Gold Holdings, Shinhan's Oh Says," which was perfectly understandable, although I have no idea what "Shinhan's Oh Says" means.
I suspect that Shinhan is some guy who just found out that purposely not buying gold is a really stupid idea, and who, upon realization of his rookie-like mistake, said, "Oh!"
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Tuesday, September 07, 2010
Silver Remains Technically Strong / Commodities / Gold and Silver 2010
By: Mike_Paulenoff
The iShares Silver Trust ETF (NYSE: SLV) continues to act well. The series of higher highs and higher lows off of the August 24 low at 17.39 continues today, with the SLV making new rally highs at 19.58. Let's also notice that the SLV has experienced two intraday sell-offs -- to 19.23 early this morning, which preserved Friday's pullback low at 19.07, and again later this morning to 19.30, which held 7 cents above the earlier low.
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Tuesday, September 07, 2010
What Will Happen to Gold in a Very Slow Economic Recovery? / Commodities / Gold and Silver 2010
By: Julian_DW_Phillips
The Present Situation - The 'better-than-expected' poor employment figures of last week were generally taken as a sign that the recovery is there, but L-shaped with a slightly rising bias. The new stimuli from government will be positive and hitting where they should. Tax breaks on new equipment and infrastructural development tastes the same as digging holes and filling them in did in the 1930's. We have to wait and see if the economy will respond. We sincerely hope it will. But do investors even in the U.S. believe that a recovery will see a fall in the gold price? We think not! Read full article... Read full article...
Tuesday, September 07, 2010
Gold Steals Silver's Limelight / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD in wholesale dealing held in a tight range around last week's close as New York re-opened after the Labor Day holiday on Tuesday, trading at $1247 an ounce while European stock markets fell and government bonds rose.
Silver fell almost 2% from Monday's breach of $20 an ounce – a 30-month high previously hit in Nov. 1980.
Tuesday, September 07, 2010
Obama Plus Bernanke Equals A Higher Gold Price / Commodities / Gold and Silver 2010
By: Richard_Mills
Investors are starting to realize that gold is a storehouse of value and a safe haven in times of turmoil. Gold’s price has risen because of the abuse and mismanagement of our monetary and currency systems - throughout history, gold has always shone the brightest when trust breaks down, confidence falls and fear climbs.
Monday, September 06, 2010
Crude Oil prices buffeted in narrow range but end week little changed / Commodities / Crude Oil
By: OilPrice_Com
Oil prices continued to move basically sideways as bullish and bearish news buffeted prices up and down in a narrow range.
The benchmark West Texas Intermediate futures contract settled Friday at $74.60 a barrel, off its lows for the day, and slightly lower than the $75.17 close a week earlier.
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Monday, September 06, 2010
Gold at $1250, Silver Nears $20/Oz / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD rose back above $1250 an ounce for Dollar investors on Monday in what dealers called "quiet" Asian and early London trade, while European stock markets also ticked higher together with government bonds.
Silver prices came within one cent of $20 per ounce, extending last week's 30-month highs.
Monday, September 06, 2010
Gold and Silver Maintain Upward Momentum and Challenge Resistance / Commodities / Gold and Silver 2010
By: GoldCore
Last week's early September relief rally continued this morning as equities have risen again in Asia and Europe. Gold is one of the strongest currencies in the world this morning, along with the yen. While the dollar is flat, sterling has fallen sharply against all currencies on UK economy concerns and gold in sterling terms has risen from £806/oz to £811.20/oz (see Cross Currency Table).