Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, November 27, 2008
Gold Heading for $2000 in 2009 / Commodities / Gold & Silver
By: Mark_OByrne
Both gold and silver fell slightly yesterday as the dollar and stock markets rallied on renewed increasing risk appetite. Euro gold and British pound gold remained near record highs of €628 and £532.
Gold has traded sideways in Asian and early European trading despite the horrendous terrorist attacks in India. Unfortunately, they show that the world remains very unstable and that geopolitical risk remains ever present.
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Thursday, November 27, 2008
Silver Production Falls by 70%? / Commodities / Gold & Silver
By: David_Morgan
This headline should grab anyone's attention, especially those interested in the silver market. Before going forward, let me explain that fully 70% of silver is produced as a result of mining other metals, mostly base metals. Copper mining, for example, is responsible for 28% of the silver mined in 2007. Lead/Zinc mining yielded 32% of the silver mined in 2007. Finally, gold mining brought about 10% of the silver mined, again in 2007. All data is from GFMS World Silver Survey 2008, page 31. Read full article... Read full article...
Wednesday, November 26, 2008
Financial Mayhem to Fuel Gold’s Next Surge? / Commodities / Gold & Silver
By: Money_and_Markets
Last week, I wrote about how our oil-rich friends in the Middle East are buying gold hand over fist. It turns out they're not the only ones. The latest figures from the World Gold Council show a frenzy of activity in the most recent quarter.
And gold ended last week with a bullish move to the upside that set off “buy” alarm bells for technical traders around the world.
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Wednesday, November 26, 2008
Natural Gas Makes Significant Intermediate Term Bottom / Commodities / Natural Gas
By: Mike_Paulenoff
Could it be? That today's action in the US Natural Gas Fund ETF (AMEX: UNG) represents another coordinate low within a series of lows that will comprise a significant intermediate-term bottom? So far, that is exactly what appears to be unfolding. On a daily chart (not shown), today's upmove has the makings of a key upside reversal day, the first such very positive technical indication on a daily chart basis since the bottoming action started on November 14. Nonetheless, to REALLY get anything going on the upside, the price structure must hurdle and sustain above 28.60/80 resistance, which should trigger upside follow-through towards my next optimal target of 30.50-31.00. Read full article... Read full article...
Wednesday, November 26, 2008
Gold Strong Bull Market in Pounds and Euro / Commodities / Gold & Silver
By: Mark_OByrne
Gold was largely unchanged yesterday after rallying to as high as $830 and has traded sideways in Asian and early European trading.
Open interest levels in gold and silver on the COMEX have fallen to extremely low levels showing that nearly all the speculative froth has been liquidated and remaining longs are "strong hands". The gold open interest fell a very sharp 5533 contracts to 282,978 which is a new low and low levels such as these usually portend lows in the gold price and subsequent rallies.
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Wednesday, November 26, 2008
Gold Trades Cautiously Whilst Physical Demand Outstrips Supply / Commodities / Gold & Silver
By: Adrian_Ash
SPOT PRICES FOR WHOLESALE GOLD held steady in Asian and early London trade on Wednesday, moving between $811 and $815 an ounce as world stock markets gave back one-fifth of this week's rally to date.Read full article... Read full article...
Wednesday, November 26, 2008
Gold Price Set to Explode Higher on Surging Monetary Inflation / Commodities / Gold & Silver
By: Jim_Willie_CB
The OMEN for a powerful shift in the gold market in my playful mind was the very real earthquake on November 18 here in Costa Rica, a clear signal from the financial gods, no minor tremor, measured at 6.0 on the Richter scale. The tremor confirmed the tectonic shifts to come to the gold market without question. This was the biggest earthquake in my life, no damage at all though, roof and toys intact. Numerous stories testify in aggregate to a severe tightening of the physical market, certain to put pressure on the corrupt paper market managed by the COMEX and its parent NYMEX. Read full article... Read full article...
Tuesday, November 25, 2008
Gold Price Bullish Tendency Over Thanksgiving Holiday / Commodities / Gold & Silver
By: Tim_Iacono
For years now, the Thanksgiving holiday in the U.S. has been a very favorable two-day period for the gold price as shown below - this year is not likely to be an exception.Read full article... Read full article...
Tuesday, November 25, 2008
Beryllium May Be New Kid on the Nuclear Block / Commodities / Metals & Mining
By: The_Gold_Report
The potential of beryllium oxide as a better, safer, more efficient and longer lasting alternative to conventional nuclear fuels in an era that is likely to witness a renaissance in nuclear plant activity is one factor that may spike demand for what Denis Brady calls “the wonder element” in the not-too-distant future. Industrial requirements in emerging markets such as China and India are another. In this exclusive interview with The Gold Report, Denis—who sold his beryllium metalworking and specialty alloy processing company to International Beryllium because he shares its vision for growth across the mine-to-market value chain—discusses hot prospects for this unusual material, which is simultaneously stiff and light, nonmagnetic and transparent to x-rays, with a modulus of elasticity almost 50% greater than steel, with only one-fourth the weight and an extremely high melting point of 2349°F. Read full article... Read full article...
Tuesday, November 25, 2008
Investors Dump U.S. Dollars and Fiat Currencies For Gold / Commodities / Gold & Silver
By: Ned_W_Schmidt
The superiority of returns on Gold to investors over the miserable returns on paper equities would seem at some point to become an embarrassment to the purveyors of Stock Certificates of Negative Return. While US$Gold is down from the high, so many other investors, living in other currencies, around the world have witnessed their Gold trading at all time highs. And now the message of financial salvation is spreading further. Stories of shortages of Gold coins are now widespread. Public participation in a market is sign of Wave V, which now may be unfolding.Read full article... Read full article...
Tuesday, November 25, 2008
Gold Safehaven Buying as Governments Throw Money at Failing Economies / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD slid almost 2% early in London on Tuesday, recording an AM Fix of $802.50 per ounce before bouncing sharply and moving back above £540 and €635 for British and Eurozone investors respectively.
Crude oil dropped 4% to $52.30 per barrel, while 10-year US Treasury bond yields reversed yesterday's rally to stand back at 3.23%.
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Tuesday, November 25, 2008
A Good Day for Gold and Stock Markets / Commodities / Gold & Silver
By: Mark_OByrne
Gold has given up some of yesterday’s and the last four days gains. Profit taking seems the most likely explanation as the dollar remain largely flat but the weakness in oil may be contributing to gold’s weakness. Continuing unprecedented volatility in markets is leading to further safe haven demand.Read full article... Read full article...
Monday, November 24, 2008
Potential Double-Bottom for Natural Gas / Commodities / Natural Gas
By: Mike_Paulenoff
Let's notice that the action during November in the US Natural Gas Fund ETF (AMEX: UNG) has created a potential double bottom formation. That said, however, purely from a technical perspective, the price structure must hurdle and sustain above 28.70 to trigger the upside potential of the pattern, which would project to the 31.00 target zone. A climb above 28.70 also will position the price structure to break the back of the November downtrend, now at 29.25.Read full article... Read full article...
Monday, November 24, 2008
Agri-Foods and China Stocks Bottom / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
None of us are enjoying the bear market in equities brought on by the collapse of the speculative investing done by hedge funds. On the other hand, it could be worse. You could have your money invested in a hedge fund. Or the worst case, you could be invested in a hedge fund that has frozen withdrawals, meaning you can not get your money out until they decide to give it to you. Read full article... Read full article...
Monday, November 24, 2008
Gold Bullish Breakout as Bull Market Resumes / Commodities / Gold & Silver
By: INO
It has been a difficult time for gold bugs for the past two months as gold has been trapped in a broad trading range which made it seem insulated and immune to all of the financial chaos around it. Today's action on Friday the 21st, put all of that in action to rest as gold soared to trade over the $800 in a matter of hours. This may be the move we've been looking for and coming from a two-month base, it seems large enough to propel this market higher. Read full article... Read full article...
Monday, November 24, 2008
Gold Smashes Through Resistance / Commodities / Gold & Silver
By: Mark_OByrne
In a remarkable week for the yellow metal, strong resistance at $770 last Monday may now be the level of support as Gold rallied on Friday, finishing up $50 on the day, 6% on the week. It is currently trading at $822 (1230 GMT) and a sustained move above $800 could signal an upswing towards the $850 level, again confirming Gold's safe haven demand as stock markets continued to fall sharply amid continuing woes in the US financial sector (as graphically illustrated by Citigroup). Silver could also be about to make a move to the upside. It has been in a downward trendline since the summer but traded up to it that line on Friday and above the trendline today. Silver is currently trading at $10.02 and a close above $9.50 today could be very positive for the price.
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Monday, November 24, 2008
Gold Soars as Government Money Supply and Debt Levels Surge / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD jumped 4% to a new 6-week high early in London on Monday, touching $822 per ounce as Western equities also gained and the US Dollar weakened on the currency market. As the European single currency rose above $1.2700, the Gold Price in Euros held just below €645 an ounce – still its best level since the record spike to €685 of Oct. 10th.
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Monday, November 24, 2008
Gold Price Upside Breakout Whilst Crude Oil Continues to Slide Lower / Commodities / Gold & Silver
By: Chris_Vermeulen
Shining gold prices & gold stocks and slippery Oil prices and energy stocks
Gold prices shot up on Friday as investor's move their money into a safer investment as the broad market continued it crash the day before breaking the October bottom. Once the price of gold climbed over the $760 mark which was a short term resistance level the price shot higher as new buyers jumped in and short covering took place pushing gold to climb $57 in one day which you can see in the chart below.
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Sunday, November 23, 2008
Gold Upside Breakout Projects to $930 / Commodities / Gold & Silver
By: Merv_Burak
WOW! Friday was the best day since mid-Sept. We could use more of them but the Mid-Sept one didn't go very far so I wonder if this one will. One day does not make a reversal. I'd like to see many $10 up days rather than one $50 day. Read full article... Read full article...
Sunday, November 23, 2008
Extreme Silver Price Trends / Commodities / Gold & Silver
By: Roland_Watson
I don't think silver watchers need to be reminded of what has happened to silver in the last 8 months. The only answer they are looking for is when will we see a bottom to this carnage? As I look at my 14 member silver stock index, it has dropped from a high of 8.69 on the 3rd March 2008 to a new low of 1.31 as of last Thursday. That is a drop of 85% - cataclysmic by any standard of investing. Subscribers who followed my lead and exited all silver stocks positions on 31st March were spared this unnecessary suffering.Read full article... Read full article...