Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Sunday, November 18, 2007
Gold Short-term Uncertainty, Long-term Bullish - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
A double whammy and some minor moves and gold is down 5.6% on the week. Is this just the start or near the end -- who knows?
GOLD : LONG TERM
One week does nothing from the long term term perspective. The indicators change very slowly so one week is but a blip. The P&F chart has reversed direction but is a long way from any change in trend. The momentum and volume indicators are well in the positive zones and the moving average is still pointing upwards. All is still well and the long term rating remains BULLISH .
Sunday, November 18, 2007
Gold and Silver Analysis - Is the Fed All Talk? / Commodities / Gold & Silver
By: Joe_Nicholson
“The power of the Fed to literally change the game… cannot be ignored. Anti-gold forces now stand as ready as ever to force a consolidation in precious metals. There's also a rising probability that the dollar will at last see at least a relief rally, which could have metals trading weaker … so, the game plan continues to be resisting the temptation to short without confirmation and using the 5-week sma in gold and the 5-day sma in silver to signal a major reversal. Curiously, a 38.2% Fibonacci retrace of the move off the summer '06 lows in gold would bring us back to the May '06 highs.” ~ Precious Points: Judgments Affirmed! November 11, 2007Read full article... Read full article...
Saturday, November 17, 2007
What is the Real Price of Gold and Whose Buying? / Commodities / Gold & Silver
By: Julian_DW_Phillips
It's become a knee-jerk reaction to look at the gold price in the U.S. $ and to comment on its moves in that currency. And there is good reason to do so, for the U.S.$ is the global reserve currency at present even if it is beginning to look of dubious value. Why don't we measure it in a strong currency such as the Euro? Although that is an ‘up and coming' reserve currency, it has not taken a sufficient hold of the world's monetary system to be accepted as the U.S. $'s equal.Read full article... Read full article...
Friday, November 16, 2007
Invest in Gold ETF To Gain Gold Price Exposure / Commodities / Gold & Silver
By: Zeal_LLC
Three years ago on November 18th a landmark event polarized the gold world. The first gold exchange-traded fund to trade in the United States , the StreetTracks Gold Shares, was launched. Although born in controversy, even GLD's original detractors cannot argue with this ETF's stunning success since.
Nearing its third birthday, GLD just reported massive holdings of 19.3m ounces of gold held in trust for its investors. When your gold holdings get this large though, you don't even measure them in ounces anymore. Instead you switch to metric tonnes. This week, GLD reported nearly 600 tonnes of physical gold bullion under management for American investors. This is a staggering amount of gold.
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Friday, November 16, 2007
Gold Short-term Tedhnical Damage / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $26.70 to $785.70 per ounce in New York yesterday and silver was down 57 cents to $14.42 per ounce. Gold has since traded sideways in Asia and European trading and is at $790.10 per ounce at 1200 GMT. Tentative dollar strength and oil weakness may have contributed to the sell off. Gold was also down in GBP and EUR but not by as much. It is trading at £387 GBP (from £392.80) and €541 EUR (down from €549.80).
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Friday, November 16, 2007
Gold Holds in $5 Range as Yen Rises Again; Link with Oil Prices Weakening; Gold Mining Output Falling "Much Faster" than Expected / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held steady in a $5 range early Friday, rising above $790 per ounce by the Morning Fix in London but standing more than 5% below their level of this time last week.
"After yesterday's sell-off, the Gold Market will be watching closely for the next move," said Standard Bank's gold note from Johannesburg earlier.
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Friday, November 16, 2007
China Stocks, Gold and Commodities - Where to next? Answer Inside ... / Commodities / Resources Investing
By: Money_and_Markets
Larry Edelson writes: If you think you've seen high prices for gold, oil, or any other natural resource, think again.
In a minute I'll show you why natural resource prices have much more to go on the upside and why the most important driver behind them — Asia — does too.
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Thursday, November 15, 2007
Robust Global Gold Demand - Rising by 19% in Third Quarter / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up $15.40 to $812.40 per ounce in New York yesterday and silver was up 44 cents to $14.99 per ounce. It traded sideways in Asia and has sold off in European trading and is at $803.50 per ounce at 1200 GMT. Gold is flat in GBP and EUR. It is trading at £392.90 GBP (from £393) and €549.80 EUR (down from €550).
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Thursday, November 15, 2007
Gold Gives Back Overnight Rally as British Pound Slumps, Bonds Rise & Stock Markets Slide on Fresh Economic Worries / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD PRICE failed to hold onto its overnight gains early on Thursday, dropping back to bounce off $802 per ounce after recording an AM Fix in London of $806.Read full article... Read full article...
Thursday, November 15, 2007
Uranium Stocks Continue to Drift Lower / Commodities / Uranium
By: Merv_Burak
Another dull uranium trading day but it just might get more interesting. For the day the Merv's Daily Uranium Index closed up 0.44 points or 0.96%. There were 30 stocks on the up side, 15 stocks on the down side and 5 on no side. As for the performance of the top five stocks by market value, Cameco gained 1.0%, Denison lost 1.7%, Paladin lost 3.8%, UEX gained 7.2% and Uranium One gained 0.5%. Another mixed day. The best performer today was Max Res. with a gain of 13.9% while the worst performer was Consolidated Abaddon with a loss of 6.5%.Read full article... Read full article...
Thursday, November 15, 2007
Hinde Gold Hedge Fund Funds Overly Complicates Investing in Gold to Profit From Management Fees / Commodities / Gold & Silver
By: Adrian_Ash
"...If you need to chase 25% gains each year to get a good night's sleep, then the City of London's got just the 'structured' gold fund you might be looking for..."
WHY MAKE SOMETHING SIMPLE when you can make it complex?
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Wednesday, November 14, 2007
Sugar Set to Blast Off! - Where Technology and Hot Commodities Meet! / Commodities / Ethanol
By: Money_and_Markets
Sean Brodrick writes: I was recently in New Orleans and man, that place is coming back strong! Good thing, since NOLA is one of America's most important cities. It's the busiest port system in the world by gross tonnage, and has shaped our country's music, food, architecture and economic history.
The city also has a very strong connection to technological innovations and two hot commodities — cotton and sugar. The story perfectly illustrates the close relationship between new techniques and natural resource demand.
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Wednesday, November 14, 2007
Gold Breakdown Below $800 - What is Happening? / Commodities / Gold & Silver
By: David_Vaughn
Well, gold has broken through the 800 barrier and climbed as high as 845. What gives? Why is gold moving on like this? I can say it a hundred times but never enough times really. This is not about gold. Gold is merely a barometer.
True, the gold barometer has been broken for a long time due to intervention by others. But I believe that barometer is back together again and in working order. As always gold merely reflects the circumstances around it. By the way. It looks like 800 just may become the new floor price for gold and not its ceiling.
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Wednesday, November 14, 2007
Silver in the Process of Breaking Out / Commodities / Gold & Silver
By: Clive_Maund
'Thought I'd broken out didn't you' - GOTCHA!! Actually, silver is in the process of breaking out, and a reaction back into pattern was inevitable if gold hit the skids. With the picture for silver now looking at least as bullish longer term the reaction of the past two days is viewed as providing a buying opportunity.Read full article... Read full article...
Wednesday, November 14, 2007
Gold and Silver Correction is Normal and Necessary for the Bull Market to Continue / Commodities / Gold & Silver
By: Clive_Maund
Although yesterday's reaction may have seemed severe, it is was actually perfectly normal, and served to bring things off the boil, which is necessary if the larger uptrend in gold and silver is to continue. We were expecting trouble last week on the site when it was made clear that the dollar was deeply oversold and gold was extremely overbought, and it was advised to take profits in most Traded Options (Calls) - and it was further pointed out that impending weakness would provide an excellent opportunity to increase positions in big gold and silver stocks, especially those that had run away and become ridiculously overbought, and big golds especially, such as Newmont, got hammered yesterday. Read full article... Read full article...
Wednesday, November 14, 2007
Gold Hits Two-Day High as Energy Costs Surge; Volatile Gold Prices Keeps Indian Wedding Demand Pent Up / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICE reached their highest level in two days above $812 per ounce late Wednesday morning in London , regaining $17 from Tuesday's low as energy costs surged and government bonds were sold off.
"Medium term, consolidation above $745 implies a test of the all-time high and thereafter $1,000 in 2008," say analysts at Barclays Capital in London in a report.
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Wednesday, November 14, 2007
Commodities Bull Cycle Will Endure until 2014 to 2022 / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $8.90 to $797 per ounce in New York yesterday and silver was down 18 cents to $14.55 per ounce.
In the Access market in New York it was aggressively sold off and fell to support at $790 whereupon it bounced sharply and rallied in Asia and European trading and is up to $810.50 per ounce at 1230 GMT.
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Wednesday, November 14, 2007
AGRI-FOOD THOUGHTS - Thanksgiving to Feed Agricultural Bull Market / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
With the upcoming holidays, the eating season is arriving in a goodly part of world. From now till turn of calendar to 2008, food will be primary focus of many consumers. Next week is Thanksgiving in the U.S. On that day, many in the U.S. will consume as much turkey as they do in the remainder of entire year.Read full article... Read full article...
Wednesday, November 14, 2007
Gold and Silver - Good Times Ahead / Commodities / Gold & Silver
By: Roland_Watson
There have certainly been a few things locally and globally that point to good times ahead for gold and silver.Read full article... Read full article...
Tuesday, November 13, 2007
Shorting Overbought Commodities , Gold, Oil & Gas Using UltraShort ETF / Commodities / Crude Oil
By: Mike_Paulenoff
The big picture of the DUG (the ProShares UltraShort Oil & Gas ETF) shows
Monday morning's huge upside opening gap and follow-through that amounts to
about a 6% climb from Friday's close.
More importantly, though, is the upside assault on the Sept-Nov resistance
plateau at 44.00-44.50, which when hurdled should trigger additional
follow-through to test the Feb-Nov resistance line that cuts across the
price axis in the vicinity of 49.00.