Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Sunday, September 23, 2007
Gold and Silver Analysis - Precious Points: Is This the Big One? / Commodities / Gold & Silver
By: Joe_Nicholson
“A new attempt at $725 is entirely likely given the expectations for next week, but losing the psychologically important 7-handle is also a realistic possibility. A move of the 5-week moving average above $700 for the first time in this entire bull market would be a more convincing indication of the sustainability of the current move. The next move in silver could be in either direction, but … recent action has been encouraging. There's no lack of reasons to be cautious at these lofty levels… far from a call to sell gold and silver, it is a call for caution”. ~Precious Points: Old Number 7 , September 15, 2007Read full article... Read full article...
Saturday, September 22, 2007
Gold's Positive Climate - Some Key Features Have Changed / Commodities / Gold & Silver
By: Julian_DW_Phillips
Liquidity relief coming from the U.S, the U.K and European Central Banks to the banking system, is still struggling to unfreeze the system, simply because it is cash and not an underwriting of dubious investments. Some read the drop in interest rates in the U.S. will bring instant relief to the driver of the U.S. economy, the besieged U.S. consumer, but no such thing will happen until rates are much lower still and confidence restored. Why? Read full article... Read full article...
Saturday, September 22, 2007
The Breakout in the Gold Price / Commodities / Gold & Silver
By: Mario_Innecco
Yesterday (Friday, September 21st, 2007) the gold price for physical purchase was fixed at $737.00 per troy ounce in the London P.M. session. The gold price is fixed twice a day in London. The A.M. fixing is done from 10:30 onwards and the P.M. fixing is done from 15:00 onwards. The reason why we are looking at the P.M. fixing is that during this period the major financial markets of Europe and the United States are open so this fixing price is very representative of physical demand for gold bullion.Read full article... Read full article...
Friday, September 21, 2007
How to Buy Gold - Online Gold Bullion Investing / Commodities / Gold & Silver
By: Nadeem_Walayat
This week US interest rates were cut by 0.5% as a direct consequence of the credit crunch. This sparked a sell off in the US dollar to new lows not only against other currencies but also sent commodity prices soaring, including a soaring Gold price hitting a 27 year high.
Russian and Chinese governments together with private investors are all buying gold bullion in strength as the credit crunch shows the inherent weakness in the world governments monetary policies, which may be about to ignite hyper-inflation. Owning physical gold is fast returning as the favoured way to secure wealth against the rising tide of fiscal irresponsibility as governments continue to devalue their currencies by printing money, as evident of soaring money supplies in the range of 12% to 20% per annum.
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Friday, September 21, 2007
Gold Bull Market - The Best is Yet to Come ! / Commodities / Gold & Silver
By: Aden_Forecast
THIS IS IT!
All of the pieces have fallen into place.
Gold was near a 27 year high, oil was at a record high, stocks in the U.S. and globally remained bullish, the currencies were strong and the U.S. dollar was near a record low. The Fed then lowered the Fed Funds and Discount rates by a half percent on Tuesday, which triggered or reinforced strong breakouts in these markets, leaving no question that the major market trends are solid and strong.
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Friday, September 21, 2007
Gold is Still Cheap in Real-terms - Real Gold Highs 2 / Commodities / Gold & Silver
By: Zeal_LLC
Holy cow! How about that gold price this week? With the Ancient Metal of Kings powering to awesome new bull-to-date highs, gold traders are rejoicing. The Bernanke Fed's reckless decision on Tuesday to shove the ailing US dollar off a cliff has really ignited a fire under international gold investment demand.
$725+ gold is indeed remarkable to behold. It is a great blessing for us battle-hardened contrarians who were buying gold back in 2001 in the sub-$300 range when even mentioning “gold” in public triggered endless ridicule. Vindication, especially since it has been accompanied by legendary profits and rapidly multiplying wealth, has never been sweeter.
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Friday, September 21, 2007
How High Will Gold Climb? / Commodities / Gold & Silver
By: David_Vaughn
Well, what do the doom sayers say now? Any idiot, yes idiot, can recognize gold is settling above 700 an ounce. I have no idea in the short term where gold is headed, but I do feel that 700 is becoming the established floor price for gold.
Friday, September 21, 2007
Gold Hits Highest Price Since Jan 1980 as Dollar Continues its Crash Lower / Commodities / Gold & Silver
By: Gold_Investments
GoldGold continued it's recent surge on Thursday and rose a further 1.5%.
Gold futures for December delivery rose $10.40, or 1.4%, to $739.90 an ounce which is a new 27 year high.
Earlier gold rose to $746.50, the highest for a most-active contract since Jan. 22, 1980, the day after the metal reached a record $873 an ounce.
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Friday, September 21, 2007
Gold Market Just "One Day Away" from All-Time Record High on Recession & Inflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to record new 27-year highs early Friday, rising within a few cents of $740 per ounce and reaching the highest London Fix since 22nd Jan. 1980 – one day after gold hit its all-time Dollar top of $850 per ounce.
"External news such as the sub-prime crisis as well as the banking sector have all had a positive impact on the yellow metal price," said Jessica Cross, CEO of the Virtual Metals consultancy, on South African radio last night.
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Friday, September 21, 2007
Remember Crude Oil? / Commodities / Crude Oil
By: Regent_Markets
There have been many activities missed by headlines writers over the last week due to the focus on the banking crisis.On any other week the rise in the price of oil would be top of the headlines says Betonmarkets.com's Michael Wright. Oil prices reached record highs for the seventh straight session last Wednesday after refineries in California and Texas said they had new outages and the government reported surprisingly large declines in oil inventories.Read full article... Read full article...
Thursday, September 20, 2007
New Upleg for Natural Gas? / Commodities / Natural Gas
By: Mike_Paulenoff
The U.S. Natural Gas Fund (AMEX:: UNG) corrected right to the top of its initial upmove (37.40) from early September, at which point it pivoted to the upside in what looks like the start of a new upleg. As long as today's low at 37.40 contains any forthcoming downside volatility, my preferred scenario calls for the emergency of a powerful upleg that tests the June-Sept resistance lines, now just shy of 44.Read full article... Read full article...
Thursday, September 20, 2007
Gold, Crude and Euro Breaking Out on US Interest Rate Cut - Montary Doves at Point of Gun / Commodities / Gold & Silver Stocks
By: Jim_Willie_CB
WOW! What an interesting couple weeks. A lousy August Jobs Report, even though it exaggerated job growth the upside! The Birth-Death Modlel actually added 120 thousand mythical jobs, including construction jobs and financial sector jobs, both clearly in retreat, a blatant deception. The US Federal Reserve finally was given the smoking gun they needed on a platter to cut interest rates. Martin Feldstein gave the USFed considerable political cover, urging cuts, claiming they were already 100 basis points too high. So gold is breaking out, crude oil is breaking out, the euro is breaking out, the Canadian looney dollar is breaking out, the HUI stock index of miners is breaking out, and the USDollar is breaking down. Read full article... Read full article...
Thursday, September 20, 2007
Commodites Soar as US Dollar Plunges to New Lows Due to Record National Debt / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold rose more than one percent to hit a 27-year high at $730.20 an ounce this morning on safe-haven buying and a slide in the dollar to record lows against the euro.
Gold was quoted at $728.00/728.50 an ounce, compared with $721.10/721.90 in New York late on Wednesday.
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Thursday, September 20, 2007
Confidence in UK Central Bank Destroyed; Gold Hits 27-Year High Ahead of Fed Speech / Commodities / Central Banks
By: Adrian_Ash
SPOT GOLD PRICES touched $730 per ounce in London on Thursday – a 27-year high – as world stock markets slipped and the US Dollar sank.Read full article... Read full article...
Thursday, September 20, 2007
Why Silver is Set To GO THROUGH THE ROOF... / Commodities / Gold & Silver
By: Clive_Maund
It was somewhat odd that despite the extraordinarily bullish COT profile for silver, as of last weekend, gold took center stage and has soared during this week as predicted, despite its COT profile not being as dramatically bullish as that for silver, but that's fine by us as it has afforded time to get this article up. Of course, the reason for silver's underperformance relative to gold so far this week is not hard to find - silver broke down below important support last month, whereas gold didn't, and now silver is having to battle the resulting negative sentiment and supply overhang. Read full article... Read full article...
Wednesday, September 19, 2007
Gold Price and Stocks Expected to Digest Recent Gains Before Continuing Higher / Commodities / Gold & Silver
By: Mike_Paulenoff
Under "normal" circumstances, the streetTRACKS Gold Shares (NYSE: GLD) should be at or nearing a digestion and/or pullback period. Maybe it can loop up one more time to 72+, but the vast majority of my near-term work is warning me to step aside to allow the GLD to rest and correct. If that proves correct, then I expect a corrective period, or sequence, that traverses a range between 72 and 70, if not down to 69-68 prior to the next upleg.Read full article... Read full article...
Wednesday, September 19, 2007
Why You Should Be A Gold Bull / Commodities / Gold & Silver
By: David_Urban
Just the facts:
- Gold demand in the 2nd Q of 2007 rose 19% YoY to 922 tonnes.
- Gold jewelry demand in the 2 nd Q of 2007 rose 29% YoY to 675.1 tonnes.
- India was the largest consumer of gold in the 2 nd Q of 2007 with 240 tonnes, compared to 166.4 tonnes a year ago.
- Total gold supply for the 2nd Q of 2007 was down 7% YoY at 840 tonnes, down from 902 tonnes.
- Mine output is at a 10 year low.
- Gold margin for futures has been increased.
Wednesday, September 19, 2007
AGRI-FOOD THOUGHTS - China Consumer Boom Means Higher Soft Commodity Prices / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
As incomes rise in China and India, their consumers will dictate prices for oil and food. Their preferences are setting relative prices of nearly all commodities. These preferences have shifted to reflect their higher incomes, and will continue to do so. Chart below portrays per capita consumption of beef and rice by Chinese consumers, per UN FAO. Beef is now a preferred item on the menu at Chinese homes. Magnifying this shift is number of consumers in China and India. Such preference shifts have caused prices of grains and meats around world to rise. Higher beef consumption means raising more beef. Raising more beef means using more grain. More grain is consumed to feed the beef than is freed up from eating less rice. Agri-Food growth cycle that has emerged is really that simple. Read full article... Read full article...
Wednesday, September 19, 2007
Gold Surges on the Fed 50 Basis Point Interest Rate Cut / Commodities / Gold & Silver
By: Gold_Investments
GoldSpot gold was trading at $723.70/724.20 an ounce as of 1200 GMT. As expected gold surged on the Federal Reserve's quite drastic 50 basis point interest rate cut and 50 basis points discount rate cut. On the decision, spot gold in electronic after hours trading immediately rallied from $715 to $726.90. Subsequently it has traded sideways to slightly down in Asian and European trading.
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Wednesday, September 19, 2007
Gold, Oil & Euros Pushed Higher by Fed's Interest Rate Cut; "US in Deep Trouble" / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES pulled back $2 per ounce in London on Wednesday morning to trade just shy of the new 16-month high hit when the US Federal Reserve slashed Dollar interest rates on Tuesday in a bid to "forestall" recession.Read full article... Read full article...