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Wednesday, September 24, 2008

Building Bullish Coil-Type Pattern for Gold / Commodities / Gold & Silver

By: Mike_Paulenoff

Since last Thursday's high, the SPDR Gold Shares (NYSE: GLD) has carved out a series of higher lows on pullbacks, juxtaposed against lower highs on rallies, which has carved out a coil-type of near-term pattern. To the extent that pullback low at 86.72 continues to contain any forthcoming weakness, the current coil parameters will remain intact and call for an approaching thrust to the upside that has the potential to propel the GLD to 92.50-93.00. However, a downside violation of 86.72 will morph the current coil pattern into some other form -- perhaps a coil with different (wider) coordinates? In any case, for the time being the "original" coil pattern remains intact and continues to govern my very near-term analysis.

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Wednesday, September 24, 2008

Mega Bailout Extremely Bullish for Gold / Commodities / Gold & Silver

By: Money_and_Markets

Sean Brodrick writes: Treasury Secretary Paulson and Congress are hammering out details of the government's rescue plan for financial institutions, and we don't know what final impact it will have on the debt crisis. But I can tell you one thing — it's going to drive gold prices higher.

In this plan, the government is squirting out hundreds of billions of dollars through a fire hose. That is inherently inflationary and should pump up the price of gold.

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Wednesday, September 24, 2008

Bailout Money Printing Signals Gold $1000+ / Commodities / Gold & Silver

By: Adrian_Ash

GLOBAL GOLD PRICES slipped early Wednesday, bouncing from an overnight low of $878 to record an AM Gold Fix in London some 0.4% below Tuesday morning.

Asian and European stock markets held flat, meantime, as did the US Dollar against its major competitors on the currency markets.

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Wednesday, September 24, 2008

Gold's Strongly Bullish Fundamentals / Commodities / Gold & Silver

By: Mark_OByrne

Gold and silver fell yesterday ( both by about 2% ) on profit taking before rallying again in after hours trading and then falling in Asia . Volatility remains at a fever pitch in all markets. Gold remains in a range between $850/oz and $910/oz and may need further consolidation at these levels prior to further gains.

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Tuesday, September 23, 2008

Gold Bull Market Trend Forecast / Commodities / Gold & Silver

By: Nadeem_Walayat

Leaving aside the historic credit crisis events of last week to approach the Gold market on a purely technical basis following the breakout above $850 last week. This article therefore is an update to my existing series of analysis of the last 6 months which has been consistently bearish of Gold (articles archive) during which time Gold has witnessed a decline from $1033 in March to $740 earlier this month.

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Tuesday, September 23, 2008

Nadeem: Personal Thoughts on Gold and a Gold Standard / Commodities / Gold & Silver

By: Brian_Bloom

Hi Nadeem,

I commend you for your courage and integrity in publishing that with which you disagree.  There are some editors of some web sites who haven't been behaving like you have.

Of course, you may be right that the gold price is positioning to explode upwards and I may be excessively conservative – but here is a chart of the US Dollar reproduced from an article by Clive Maund, for whom I have enormous respect as a technical analyst.

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Tuesday, September 23, 2008

Archer Daniels Midland to Lead Agricultural Commodities Higher? / Commodities / Agricultural Commodities

By: Mike_Paulenoff

Archer Daniels Midland Co. (NYSE: ADM) continues to act well -- as a proxy for an extremely oversold and battered agricultural commodity complex. Although the DBA (PowerShares DB Agricultural Commodity ETF) is pulling back today, ADM is doing the opposite. It has hurdled near-term resistance at 24.00/05, and followed through to 24.64 so far this morning. My next upside target is 25.30/50, on the way to 26.00. Only a decline that breaks and sustains beneath 23.90 will begin to compromise today's upside breakout, while a decline that breaks 23.40 will invalidate the breakout altogether.

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Tuesday, September 23, 2008

Peak Oil is Here Now / Commodities / Crude Oil

By: Submissions

The late A. M. Samsam Bakhtiari was quoted in MoneyWeek in 2006: “The fact of being in 'Post-Peak' will bring about explosive disruptions that we know little about and which are extremely difficult to foresee. And the shock waves from these explosions rippling throughout the financial and industrial infrastructure could have myriad unintended consequences for which we have no precedent and little experience. Thus, in the face of Peak Oil and its multiple consequences, which are bound to impact upon almost all aspects of our human standards of life, it seems imperative to get prepared to face all the inevitable shock waves resulting from that. Preparation should be carried out on individual, familial, societal, and national levels as soon as possible.”

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Tuesday, September 23, 2008

Gold Price Forecast to March 2009 / Commodities / Gold & Silver

By: INO

We are the government, we're here to help. I believe the only help the government gave us last week was pushing gold prices higher. During last week's massive bailout and intervention in the credit markets one of the few markets to close higher for the week was gold. This tells you a tremendous amount about how traders are thinking about the future.

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Tuesday, September 23, 2008

A Dangerous and Deceptive Gold Market / Commodities / Gold & Silver

By: Brian_Bloom

For some months, this analyst has been urging readers to focus more on capital preservation than on capital growth. This is not as simple a concept as it seems.

For example, it is “obvious” – to those who have no faith in the US economy and/or the US Dollar – that gold is one place where the prudent investor should be invested.

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Tuesday, September 23, 2008

US Treasury Inflationary Bail-Out to Include Curb on Inflation-Hedge Investments / Commodities / Gold & Silver

By: Adrian_Ash

PHYSICAL GOLD BULLION PRICES slipped 2.1% early Tuesday from an overnight high of $910 per ounce, but the London Fix recorded its best level in seven weeks as Western stock markets tumbled yet again.

Crude oil retreated to $107 per barrel after the "front-month" contract moved onto November.

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Tuesday, September 23, 2008

Precious Metals Surge on Prospects of $1 Trillion US Budget Deficit / Commodities / Gold & Silver

By: Mark_OByrne

Gold and silver surged  again yesterday (up  5 % and  nearly 8 % respectively) as the  serious inflationary consequences of the Treasury's unprecedented plan to buy up at least $700 billion of toxic assets was realised.  Gold surged from $861.40  to close over $900/oz but has since given up some of its gains, likely on profit taking.

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Monday, September 22, 2008

Crude Oil Explodes Higher to $130 Illustrating Irrational Markets / Commodities / Crude Oil

By: Nadeem_Walayat

The financial markets being hit by ever larger and more volatile waves of panic today saw crude oil surge from Fridays close of $102 to a high of $130, this is as a direct consequence of last weeks decision by the US governments decision to initially buy up $700 billion of bad bank debt that looks set to eventually run in the many trillions. The proposed plan is highly inflationary and hence scared capital is attempting to seek safe-havens.

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Monday, September 22, 2008

Mounting Upward Pressure on Gold / Commodities / Gold & Silver

By: Mike_Paulenoff

The only thing my work is telling me for certain in the SPDR Gold Shares (NYSE: GLD) is that the upmove off of the 9/11 low at 72.51 needs a new high (above the 9/15 high at 90.78) prior to completion. The only issue for me is whether the GLD will pull back towards 85.50-85.00 prior to the surge above 90.78, or if the price structure is in the thrust right now?

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Monday, September 22, 2008

Ponzi Casino Capitalism Discredited- Risk of Global Monetary Crisis / Commodities / Credit Crisis 2008

By: Mark_OByrne

Gold and silver surged last week (up 13% and 15% respectively) as the financial crisis deepened considerably and there was a realisation that the  " ponzi " casino capitalism of recent years has critically wounded the U.S. financial system and done serious damage to the global financial system. Gold surged from below $780/oz to close at $861.40 on Friday and has risen again in European trading today to over $882/oz.

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Monday, September 22, 2008

Gold Extends Gains as Investors Seek Transparency of the Physical Metal / Commodities / Gold & Silver

By: Adrian_Ash

GOLD PRICES extended last week's 13% gain early Monday, nearing Wednesday's six-week high of $892 per ounce as the US Dollar tumbled on the foreign exchanges and world stock markets retreated from Friday's "big bail out" surge.

Pointing to the US Treasury's plans for a $700 billion "resolution trust" for toxic mortgage-backed securities, "the US Dollar's response last week was further depreciation," notes Walter de Wet at Standard Bank.

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Sunday, September 21, 2008

Silver Is the ONLY Asset that Is NOT Someone Else's Liability / Commodities / Gold & Silver

By: David_Morgan

Before sending me an e-mail telling me I am wrong, let me admit it!! I am WRONG -- silver is not the only asset that is not someone else's liability. But some of the staunchest "Gold Bugs" have it wrong and insist that gold is the only asset. In fact, fully-owned lumber or land or even an apple orchard are assets, and again, if owned outright would be an asset without a liability.

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Sunday, September 21, 2008

Silver Significantly Weaker Trend Pattern than Gold / Commodities / Gold & Silver

By: Clive_Maund

Although silver investors may be understandably disappointed at its rather muted rally last week compared to that in gold, we should keep in mind that silver makes its best gains towards the end of gold uptrends, not at the start of them, which is where we are now. In the last update a snapback rally was predicted for silver on account of its severely oversold condition and proximity of strong underlying support and this is what we are now seeing.

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Sunday, September 21, 2008

Gold Price Spike Breakout or Temporary? / Commodities / Gold & Silver

By: Clive_Maund

Although gold staged an amazingly powerful rally last Wednesday and Thursday, some are worried that the reaction on Friday, seemingly in response to the newly hatched "bailout plan" by the government and the Fed, marks the start of a slump back into obscurity as the bailout plan "works", so that last week's sharp rally turns out to have been nothing but a temporary spike. So let's make several things clear.

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Sunday, September 21, 2008

Gold Benefits from US Fed Surging Bank Credit Growth / Commodities / Gold & Silver

By: Ned_W_Schmidt

U.S. Secretary of the Treasury & Free Lunches has done Gold investors an incredible favor. While not benefiting immediately as did those owning bank stocks, we will over time. With U.S. government now assuming responsibility for financial assets of dubious value, U.S. government has committed itself to nearly unlimited funding of U.S. housing market, and every other industry with political clout. One consequence may be that Federal Reserve loses control of monetary policy. Will the Federal Reserve now need to monetize U.S. government debt in unlimited fashion?

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