Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, October 29, 2007
Crude Oil Nearing Major Peak / Commodities / Crude Oil
By: Mike_Paulenoff
Time to consult with the very long-term chart pattern in crude oil, from the December 1998 low at $10.35, which has a very bullish pattern, into today's high, but also a pattern that is in its final few percentage points of making a multi-month if not a multi-year high. All of the action off of the Jan 12, 2007 pullback low at $49.90 represents the final upmove in the larger 1998-2007 upleg. The relationships between the various legs during the most recent 10-month upmove point ot a target zone of $97 to $102, or an additional 4%-10% climb in crude oil prices prior to the anticipated peak and reversal.Read full article... Read full article...
Monday, October 29, 2007
Digital Nirvana And The Unfolding Mania In Precious Metals / Commodities / Gold & Silver
By: Captain_Hook
Gold is set to move higher over the next few days towards $800 in a blow-off of the larger sequence since summer. This could send some precious metals stocks far higher than may be contemplated by some, where corrections would only take complex components back to current proximities. That being said, while such an assessment may or may not prove correct, one thing is for sure, anybody attempting to time inter-waves within larger sequences could find themselves left ‘standing at the station', unable to get back in without paying up. This of course will depend on how quickly the ‘cake eaters' (for our Italian friends) decide to debase fiat currencies around the world in preemptive monetary largesse. Read full article... Read full article...
Monday, October 29, 2007
Gold Hits All-Time High for British Investors; Surge in Bond & Equity Markets Gives the Fed "No Alternative" to Destroying the Dollar / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES surged at the Asian opening on Monday, quickly gaining another $10 from last week's 27-year closing high and racking up a new all-time high against the British Pound.Read full article... Read full article...
Monday, October 29, 2007
How Undervalued Are Austrailian Gold Miners? / Commodities / Gold & Silver Stocks
By: Neil_Charnock
Don't think for a minute that the world has not become a “one market place” game or you will miss out. Investment strategy must follow the money or money flows to stay with trends and the earlier you catch one the more you make if you can hang in there – simple isn't it. I have an early trend for you to consider and it is misunderstood by most – with low sovereign risk. Read full article... Read full article...
Monday, October 29, 2007
Could Crude Oil $100 Cause the Next Credit Crunch? / Commodities / Credit Crunch
By: Nadeem_Walayat
The Financial Sector is still coming to terms with the US Subprime Mortgages induced credit crunch, could again be in the line of fire of a new credit crunch caused by crude oil surging to $100, triggering a similar collapse of hedge funds and put the banking sector under renewed pressure as the crude oil credit crunch contagion spreads. Read full article... Read full article...
Sunday, October 28, 2007
Weekly Gold and Silver Technical Analysis Report - Surge in Shorts Open Interest Trying to Cap Golds Bull Run / Commodities / Gold & Silver
By: Merv_Burak
Wow! what a week. It starts with a plunge and ends with a zoom. Which, oh which is the REAL direction of least resistance?
SHORTS
If that open interest is mostly shorts, someone is sure set on losing their shirts. They've added another 16000 short contracts this past week and that's not including Friday. I'll bet that the open interest really moved on Friday. All that money trying to cool the bullish run on gold. Who, oh who could be that speculative to be risking all that capital on the short side when the strength is on the up side? Unless – maybe the shorts are not playing with their own personal money.
Sunday, October 28, 2007
Oil hits $92.22! Gold up $16.50! Emergency Strategy Update / Commodities / Resources Investing
By: Money_and_Markets
Earlier this week, when Larry and I called an Emergency Strategy Update to alert you to a new, even more dramatic surge in gold and oil … and in nearly every resource under the sun …
When we told you about stocks that can leverage these rises by many times …
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Saturday, October 27, 2007
Gold and Silver Analysis - Precious Points: The Mighty Ben Bernanke / Commodities / Gold & Silver
By: Joe_Nicholson
The 5-week simple moving average in gold has been explicitly mentioned in the TTC forums and chatroom as the bare minimum for confirmation of a reversal. Without even a retest of the 5-week moving average, it's impossible to expect anything but a consolidation leading to new highs. Silver has not been reacting as closely to developments in the currencies, central banks and economic data, it's future will probably be decided by the direction gold takes, either sharply to new highs or into a much deeper retracement. With volatily again on the rise, the importance of support at about $13.25 will also be increasing. Read full article... Read full article...
Saturday, October 27, 2007
Reasons for Buying and Investing in Gold - Part 1 / Commodities / Gold & Silver
By: Julian_DW_Phillips
Moving away from the US Dollar
1. Vietnam is planning to cut its purchases of US Treasuries and other dollar bonds, raising fears that Asian central banks with control over two-thirds of the world's foreign reserves may soon join the flight from U.S. assets. The State Bank of Vietnam was abandoning the attempt to hold down the Vietnamese currency through heavy purchases of dollars. The policy is causing the economy to overheat, driving up inflation to 8.8%. Vietnam, which has mid-sized reserves of $40 billion, is seen as weathervane for the bigger Asian powers.
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Friday, October 26, 2007
Why Silver Is Lagging the Gold Bull Market / Commodities / Gold & Silver
By: Zeal_LLC
Since the middle of August alone, gold has powered 18% higher driving a 40% rally in the HUI gold-stock index. Just a week ago the Ancient Metal of Kings closed near $768, its highest nominal levels seen since its famous January 1980 super spike. And both gold and HUI seasonals now argue for more gains in the months ahead. Today really is the best of times for gold investors.
Despite this good fortune, a nagging doubt is gnawing away at the minds of many traders. Silver, which tends to run higher with gold, has not been confirming gold's move. While gold carves majestic new bull highs, silver hasn't even come close yet to exceeding its May 2006 high of just under $15. Though it has run 20% higher at best since mid-August, barely beating gold's gains is considered a failure for silver.
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Friday, October 26, 2007
Gold Nears 9th Weekly Gain in Ten as Financial Traders Bet on Cheap Money Bail-Out for US Housing / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES hit a new 27-year high above $778 per ounce on Friday morning before dipping $2 by lunchtime in London .
Asian stock markets leapt, bond prices rose, and oil prices also surged on a fresh record low in the Dollar after S&P and Moody's – the global ratings agencies – cut the credit-worthiness of debt issued by Merrill Lynch, the troubled US investment bank.
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Thursday, October 25, 2007
Credit Crunch Meltdown and For Gold the Trend is Your Friend / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was trading sideways in Asia and early in Europe and is trading at $764.50. Resistance is at last week's 28-year high of $770, while support is at $750 and there is strong support at $725. Gold's price oscillator (PPO), is showing that gold is not particularly overbought. It is still below 3 whereas after the last serious move in the gold price into the May 2006 highs, the PPO reached as high as 6.
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Thursday, October 25, 2007
Filtering the Opportunities and Location of Mining Properties / Commodities / Metals & Mining
By: Dudley_Baker
There are literally no geographical boundaries for companies in search of natural resources. Nearly every country from the United States , Peru , Ecuador , Brazil , Argentina , Venezuela , China , Turkey , Mexico and even under the ocean floor, offer the potential for incredible opportunities.Read full article... Read full article...
Wednesday, October 24, 2007
Where Does Gold Go From Here? / Commodities / Gold & Silver
By: David_Vaughn
A picture of gold's price action Tuesday shows it bouncing up and down. This is normal and to be expected in a classic bull market.
So, where to from now? And maybe we should ask where we presently are at the moment? Gold remains strong and staying well above 700.
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Wednesday, October 24, 2007
Consolidated Pacific Bay Minerals Ltd. (V-CBP) / Commodities / Uranium
By: Merv_Burak
In these daily (well, almost daily) technical analysis of uranium stocks I sometimes try to see if there are stocks that seem ready for significant upside moves, and especially if they are on the cheep side like “penny” prices. Well, Consolidated Pacific Bay Minerals Ltd.Read full article... Read full article...
Wednesday, October 24, 2007
A Breakfast Buffet of Profits From Agricultural Commodities / Commodities / Agricultural Commodities
By: Money_and_Markets
Sean Brodrick writes : When I was learning this business, I sometimes used to have breakfast with an old trader. During a big selloff, he would always remind me that great stocks get dumped along with the stocks that deserve it.
My old mentor has since gone up to the great trading floor in the sky. Meanwhile, I've noticed breakfast has gotten a lot more expensive over the last few years.
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Tuesday, October 23, 2007
Gold and Silver Correction Has Begun / Commodities / Gold & Silver
By: Bob_Kirtley
Sam Kirtley writes: Gold and gold stocks have been doing incredibly well over the last couple of months, but nothing goes up in a straight line, and we believe that a correction in gold and gold stocks is imminent, and yesterdays trading could have signalled the beginning of the pullbackRead full article... Read full article...
Tuesday, October 23, 2007
Gold Recovers as Stock Markets Rally; Bond Prices "Simply Not in Line" with Inflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose all through the Asian and early London sessions on Tuesday, regaining $12 of Monday's $20 plunge to trade at $760 per ounce just ahead of the US open.Read full article... Read full article...
Tuesday, October 23, 2007
Gold Fell as Dollar Bounced / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $10.70 to $752.90 in New York on Monday. Gold's sell off was mild and expected despite some of the more alarmist headlines. It was a drop of a mere 1.4% which is not much considering gold had moved up nearly 17% in just 60 days. Nothing grows to the sky and there are always pullbacks, profit taking, healthy corrections and consolidation in any bull market.
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Monday, October 22, 2007
OIl Targets $100 As Clashes Between Turkey and PKK Continue and Gold Remains a Safehaven / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down 30 cents in New York on Friday from $763.90 to $763.60 but rose 1.9% for the week. It moved sharply higher when it opened in Asia this morning, trading as high as $768.10 before selling off in volatile trade. It was trading at $756.00/ 756.50 at 1200 GMT.
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