Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, April 02, 2009
G20 on IMF Gold Sales and SDRs / Commodities / Gold & Silver 2009
"...Additional resources from agreed sales of IMF gold will be used, together with surplus income..."
APRIL FOOL'S CAME a day late to the gold market this week.
Thursday, April 02, 2009
Gold Falls as G20 Fight Deflation by Any Means / Commodities / Gold & Silver 2009
THE PRICE OF physical gold fell against all major currencies early Thursday, dropping 2% versus the Dollar as global stock markets jumped and Treasury bonds were sold lower.Crude oil bounced hard, back above $50 per barrel, as base metals and foodstuffs crept higher.
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Thursday, April 02, 2009
Gold Extra Scrap Supply Countered by Middle East Demand / Commodities / Gold & Silver 2009
Gold rose slightly yesterday as the dollar fell out the outset of the G20 Summit in London. In trading in London, gold is down some 1% this morning as risk appetite returns to markets with stocks surging internationally.Read full article... Read full article...
Wednesday, April 01, 2009
When Gold Ruled the Earth, Part I / Commodities / Gold & Silver 2009
"Gold's investment performance has dominated this decade. How come so few people have noticed...?"
NO FOOLING! It doesn't matter which currency you earn, spend or invest, gold bullion has been the best-performing asset class bar none this decade.
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Wednesday, April 01, 2009
Commodities Base-building into May / Commodities / CRB Index
KEY POINTS:• The CRB continues to build a solid foundation for the next advance
• Gold expected to remain near $900 in April as US$ holds above support; $1,200 target
• Oil slowly follows gold’s lead upward; first target is $60
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Wednesday, April 01, 2009
Gold Sentiment and Trend Analysis / Commodities / Gold & Silver 2009
In recent writings I have forecasted a consolidation or small correction in Gold. It rebounded $300/oz while most markets sputtered. Yet, at $1,000/oz Gold was overbought and meeting technical resistance while stock indices and commodities were in the process of bottoming. As predicted, the Fed's monetization and “reflation” trade has thus far failed to lift Gold past $1,000/oz. Money is moving into other markets at a time when Gold is relatively extended, but extremely extended in relation to these other markets. Various sentiment data provide us with greater confirmation that the ancient metal of kings is in a period of consolidation.Read full article... Read full article...
Wednesday, April 01, 2009
Gold Up as G20 Battle-Line Drawn Between Franco-Germany & Anglo-America / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold rose in London trade early Wednesday, while Asian stock markets caught up with Tuesday's US gains but European shares slipped back.Government debt – set to swell $3 trillion worldwide in 2009 on the back of stimulus spending – held flat, keeping the yield offered by 10-year US Treasury bonds below 2.70% per annum.
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Wednesday, April 01, 2009
G20 Summit Dominates Markets / Commodities / Gold & Silver 2009
Gold rose 0.8% yesterday (silver -0.4%), as the dollar came under pressure ahead of the G20 gathering in London.
It was the last day of the first quarter which saw gold rise 4.3% which is a second straight quarterly gain. In the quarter, gold was up some 10% in euro terms and some 6% in pound terms.
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Tuesday, March 31, 2009
Gold, Copper and Uranium Stocks Outlook for 2009 / Commodities / Metals & Mining
George Topping, a research analyst specializing in the mining sector at Blackmont Capital, pays closer attention to uranium and copper than he does gold and silver, but in this exclusive interview with The Gold Report, he shares what he foresees: gold flat at $950 per ounce (in real terms) through 2011, copper at $1.80 per pound in two years, and uranium nudging up $100 per pound within five years.Read full article... Read full article...
Tuesday, March 31, 2009
Huge Upside Potential for Gold Miners GDX ETF off of Base / Commodities / Gold & Silver Stocks
Truth be told, I am not the only one who sees the huge base pattern and the upside potential off of the Market Vector Gold Miners ETF (AMEX: GDX) base. So what will differentiate who gets the benefit of the forthcoming upmove that realizes the potential of the pattern?Read full article... Read full article...
Tuesday, March 31, 2009
Gold Benefits from U.S. Debt Monetization / Commodities / Gold & Silver 2009
The world does not need a New World Money backed by government IOUs. We already have an ideal One World Money in the form of Gold. It satisfies fully all the requirements of money. And most important, it has clearly demonstrated durability as a store of value. Gold, however, has one failing that prevents it from it being adopted by the nations of the world as the One World Money. Politicians cannot “print” more of it with which to buy votes. Can anyone imagine a U.S. Congress denying itself the right to spend money?Read full article... Read full article...
Tuesday, March 31, 2009
Gold Gains on 1st Quarter of 2009 / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold bullion held inside a $10 range early Tuesday in London, heading into March's close at $922 an ounce as world stock markets rose and the US Dollar have back half of its recent gains.For the three months starting Jan. 1st, the Gold Price was on track for a 4.7% gain.
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Tuesday, March 31, 2009
Gold Falls ahead of G20 Summit / Commodities / Gold & Silver 2009
Gold fell yesterday (both gold and silver were down some 1%) in volatile trade which saw some very determined selling each time gold looked set to break out above $930/oz. There appears to be support at $890/oz to $910/oz and resistance between $930/oz and $960/oz. Read full article... Read full article...
Tuesday, March 31, 2009
Is the Crude Oil Rally Over? / Commodities / Crude Oil
Crude oil plays such an integral part in our lives whether we care to admit it or not. This one source of energy drives the US economy and indeed the world's economy.
So what's ahead for the new black gold? After seeing this market move to its best levels in some time, we have seen a sharp pullback from the recent highs as the crude oil market appears to be mimicking the equity markets.
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Monday, March 30, 2009
Gold Falls Hard on G20 Summit Jitters / Commodities / Gold & Silver 2009
THE PRICE OF GOLD fell hard Monday lunchtime in London, dropping nearly 2% against the US Dollar to hit an 8-session low as world stock markets tumbled and the "risk averse" US Dollar and Japanese Yen both rose on the forex market.Crude oil fell hard towards $50 per barrel – down 7% from last week's four-month high – while government bonds rose sharply but stayed on track for their worst Jan. to March performance since 1996.
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Monday, March 30, 2009
Gold and Silver Succumb to Profit Taking / Commodities / Gold & Silver 2009
Gold and silver succumbed to profit taking (gold down 3.2% and silver down 2.5%) last week as risk appetite returned to markets with the tentative recovery in equity markets continuing.Read full article... Read full article...
Monday, March 30, 2009
Commodities Trading, Gold, Silver and Crude Oil Take a Breather / Commodities / Gold & Silver 2009
Last week all three resources pulled back after posted gains the week before. This week will be interesting with gold trading at support, silver just above and oil looking like its going to come down and test support as well. This week I figure we will see some bounces or breakdowns occur.Read full article... Read full article...
Sunday, March 29, 2009
Paul Revere and Gold / Commodities / Gold & Silver 2009
Remember the story of Paul Revere?
He rode his horse through town shouting that the British were coming? That is basically what the web sites have been doing for about 20 years. But what did Paul do when the British eventually arrived in the street? At that point there was no use shouting any longer from his horse that the British were coming. Because at that point they had arrived.
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Sunday, March 29, 2009
Gold Confusing Trend Amidst Long-term Weakening Bull Market / Commodities / Gold & Silver 2009
Over the past three weeks gold hasn't been able to figure out which way it should go, or is it just that speculators are not sure what to make out of the global economic mess. Just a thought but as I understand it government taking over a countries economic activity has never in history resulted in success.Read full article... Read full article...
Sunday, March 29, 2009
Lithium Demand, Pricing, and Supply Forecast Considered as Li-ion in Automotive Use to Surge / Commodities / Metals & Mining
Current Lithium Production and Use - Well over 95,000 tonnes of lithium carbonate equivalent was produced in 2008, more than double the amount from a decade earlier. The USGS estimates the current global end-use markets for lithium as follows: batteries, 25%; ceramics and glass, 18%; lubricating greases, 12%; pharmaceuticals and polymers, 7%; air conditioning, 6%; primary aluminum production, 4%; continuous casting, 3%; chemical processing 3%; and other uses, 22%. Lithium use in batteries expanded significantly in recent years because rechargeable lithium batteries were being used increasingly in portable electronic devices and electrical tools.Read full article... Read full article...