Roger Biduk; Commodities Hurting Bay Street at Midday

Roger Biduk writes: Toronto's main stock index was down more than 200 points, hitting its lowest level since Dec 31, on Monday as lower prices for key Canadian commodities such as oil and gold pulled the resource ... oil prices. The materials group buckled as prices for gold and other precious metals slid. Eight [more...]

Date: 2009-01-12 18:08:00

Blog posts (49) | Videos (12)
 

Real Price Of Gold Soars

Gold in "Real" terms is soaring. "Real" in this case means how much an ounce of gold will buy ... , potentially wiping out all commodity price gains back to the beginning of 2004 if not further ... on the chart.Silver Monthly ChartFundamentally, silver is more of an industrial commodity than [more...]

Date: 2008-10-07 17:36:00

Inflation round the corner?

One of John Murphy's intermarket watch areas was the relationship between the 10-year treasury note price and the price of oil ... return it will be bullish for commodities and commodity based stocks, but I am still of the belief gold has to drop more in line with other commodity prices - with that of other precious metals - before [more...]

Date: 2008-12-09 11:57:48

Gold, the solution to high commodity prices

If policy makers were astute, they would quickly seize on the obvious solution to today's soaring commodity prices that are causing so much pain and ... , corn, and other goods on commodities futures exchanges that really weren't set up to handle the sort [more...]

Date: 2008-06-20 14:21:00

Sunday morning links

#fullpost{display:inline;}TOP STORIESThe End of the Financial World as We Know It - NY TimesEvans says Fed needs to mimic below-zero rates - ... assistance - ReutersMARKETS/INVESTINGA year after $100, oil prices cut in half - SF Gate'Silver prices will follow Gold in 2009' - Commodity OnlinePeter Bernstein’s biggest worry? The dollar - Implode [more...]

Date: 2009-01-04 14:42:00

Mid East tension takes precious metal prices higher

Gold and silver prices go up amid thin trading volumesBullion metal prices ended higher on Monday, 29 December, ... dollar. Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude ... prices are higher by 4.6%. Futures have averaged $865 in 2008. The dollar index has gained 8% this year [more...]

Date: 2008-12-30 04:20:00

The Manipulation of Gold Prices

There is no other leveraged commodity market where short sellers increase their positions, materially, as the price rises, ... or so, “fake” precious metals supply in the form of promises of future delivery have habitually [more...]

Date: 2008-12-11 03:05:27

Bullion metals shine

Gold and silver prices rise for the first time in 2009After three sessions of fall, bullion metal prices ended higher on Tuesday, 06 January, ... -denominated commodities, such as crude oil and gold, which become more expensive for holders of other ... %.On Tuesday, Comex silver futures for March delivery rose 15.5 cents (1.6%) to $11.445 an ounce [more...]

Date: 2009-01-07 03:05:00

Gold Sale Spurs Manipulation Talk

MarketWatch is reporting Gold Sale Spurs Manipulation Talk Recent heat from Congress and regulators, along with public speculation, over whether commodity prices are being manipulated has also reached gold pits, where the debate ... , an investment advisor at Sitka Pacific Capital Management, in an online blog post on Wednesday. Banks [more...]

Date: 2008-08-30 06:21:11

Sunday morning links

TOP STORIES Talks Turn to Terms for Auto Aid - Washington Post Obama: Economy to get worse before it improves - AP "Car czar" ... /INVESTING Stocks: More pain, more gains? - CNN/Money Is Comex manipulating Gold prices? - Commodity [more...]

Date: 2008-12-07 15:55:53

Video-o-rama: Figuring out the lie of the financial land

In addition to more “Outlook for 2009″ videos (dealt with in last week’s Video-o-rama), the past week saw material covering a hodgepodge of topics ... for industrial commodities and gold prices. Faber, speaking from New York, also discusses [more...]

Date: 2009-01-09 08:16:59

Soaring Soybeans

I believe that more investors are beginning to bet on future inflation by returning to the commodity markets. This is one reason why the price of gold has continued bouyant despite soft prices [more...]

Date: 2009-01-09 19:03:00

The Case of the Telltale Hoax

The Case of the Telltale Hoax Who was behind the Mumbai massacre? ... commodities, including energy and agriculture futures, also ... commodities tumble NEW YORK (AP) — Gold prices continued their descent Friday as a troubling [more...]

Date: 2008-12-08 13:24:10

U.S Market Update

- Equity markets have begun the week in positive territory, helped by declining commodity prices. Oil futures have shed about $4/bbl and gold has fallen this morning as the dollar has firmed ... % in Chicago led by Wheat while August natural gas is off close to 5% despite the formulation [more...]

Date: 2008-07-07 15:35:29

Oil spike

Why did oil breach $138? Price of NYMEX light crude. Source: ino.com. ... the euro and the dollar price of many commodities soaring. Gold was up 2.6% and the Commodity Research [more...]

Date: 2008-06-08 14:41:05

Gold Prices and Financial Spread Betting Strategy

Precious metals gain in commodities tradingGold prices are on the rise again, ... Brokerage Group Inc. in Closter, New Jersey. “When most else is unsafe, or yielding virtually nothing [more...]

Date: 2008-12-27 21:24:03

Marc Faber Says Industrial Commodities are a Better Buy Than Gold

Marc Faber recently pointed out that industrial commodities are the cheapest they have been relative to gold in 30 years. Faber also believes oil will eventually rise in price because of the limited supply and inevitable increase in demand. Faber likes Asian stocks since they are at levels they were at in the 1980 [more...]

Date: 2009-01-12 05:10:00

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]

Date: 2009-01-02 21:23:20

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]

Date: 2009-01-03 09:25:14

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... percent, the most among CRB components. Cocoa climbed 31 percent, the biggest increase. Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined to $1.0082 a [more...]

Date: 2009-01-02 17:46:41

Fed Watch: Only the Timing is in Doubt

Tim Duy: Only the Timing is in Doubt, by Tim Duy: Yesterday I opined on the Fed’s hesitation to cut rates when such a call should be a slam dunk ... pressure on commodity prices (with the exception of gold [more...]

Date: 2008-10-08 07:42:00

Markets and timeframes for price distribution charting

Have a trading related question? Submit it here. I received a set of questions following on my How to identify price targets for your trades post ... ? What about commodity markets like mini gold futures etc ? What about applying this method on US stock markets ... , like Nikkei or even Singapore’s small futures market, the SIMSCI futures. What I would [more...]

Date: 2008-12-08 14:00:44

All signs point to explosive rise in the gold price: Part 1

“Downside protection and potential extraordinary upside participation” With more than 20 years of experience in the investment industry, ... s got to stimulate. Is it going to be enough and what will that mean for commodities? Or, if it doesn ... it was in ’02, but there’s less gold around, ostensibly because the rise in all the other commodities [more...]

Date: 2009-01-07 16:28:26

Commodity Snapshot

Judging by the way that commodities prices have literally been “drawn and quartered” since July, ... intervention by way of shorting gold in the futures market. Either way, given the sheer amount ... at these charts: Dollar Premium Platinum vs. gold %-age Premium Platiinum vs. Gold Platinum, which [more...]

Date: 2008-10-26 15:04:13

Marc Faber on base metals, shares, economy

Marc Faber joined Bloomberg in the studio to discuss his outlook for 2009, and to offer his views on favorable areas for investment in the year ahead ... commodities and metal mining shares imploded last year, while gold held up in price. As of today, Marc would rather buy a basket of oversold industrial commodities and related shares (Xstrata, BHP, [more...]

Date: 2009-01-08 18:47:00

Global central banks hold 29,783 tones of Gold!

2009-01-02 Commodity Online As we analyze the possible reasons behind future directional move in gold prices in 2009, ... in 2008. The Rest… Commodity Online.com [more...]

Date: 2009-01-02 13:36:55

Gold gains in broad-based commodities surge

Gold and other metals futures rallied Monday, getting a boost from soaring oil prices, weakness in the U.S. dollar and President-elect Barack Obama's pledge of a massive new infrastructure investment [more...]

Date: 2008-12-08 22:11:22

Mining Exploration Result, Demand and Trade Review : Metal Demand May Be Slow Hope Runs High for Gold

By now the global financial crisis has hopefully taught investors that just like property prices, metal prices do not always go up ... , often a year or so apart. Last year bulk commodities such as iron ore, coal and manganese proved ... agreed, advising investors to go long on gold and short on bulk commodities and base metals. Boom times [more...]

Date: 2009-01-11 16:52:18

Stock market could halve again

As you know, I've been doing my own extrapolations recently, based on the Dow since 1928, ... them to stock prices, applying various price-earnings ratios. His conclusion is broadly the same.As ... , at first, stocks, corporate bonds, property, commodities (including gold), even government bonds [more...]

Date: 2009-01-09 06:33:00

The Depression: UK Edition

Halifax Bank of Scotland (HBOS), the UK's largest lender, is the latest victim in the global financial meltdown ... . No surprise the price of gold has soared. Today marked the largest one-day gain for that commodity ... rewarding malfeasance and encouraging more of the same in the future. By the same token, without [more...]

Date: 2008-09-18 02:26:58

New Year’s rally for suckers, hold onto gold!

Order my book online from this link You have to imagine the hedge fund professionals playing it cool yesterday while the Dow rallied by 2 ... trading strategy. The numbers still look awful and the Dow is way too high given the outlook for losses ... in sight. Lower commodity prices, particularly oil, and some improvement to the credit markets [more...]

Date: 2009-01-03 07:34:54

This Stink Is Going To Be With Us For Years

Happy New Year? Not so fast. Those expecting change...you're gonna get A LOT MORE of the same. As in Bull Sh*t ... this morning, and Gold and Silver have been HAMMERED. Nothing shocking there. Check the seasonal charts ... "wealth" has been threatened with destruction by the collapse in commodity prices. Does Russia "create [more...]

Date: 2009-01-05 13:00:00

Free Market Money

At Samizdata in a thread about the Lakota Bank, commenter llamas says the following, about gold and silver: ... commodity. They are not somehow magically ordained to be ‘real’ money…they are just as easy ... , isn’t it possible (probable!) that the money prices to which he refers are indicative of inflation [more...]

Date: 2008-12-04 04:42:31

In The News Today

Dear CIGAs, There is absolutely no question that the price of gold will reach $1200, $1650 and then continue onward to Alf’s numbers ... , according to the median forecast of 20 analysts, traders and investors surveyed by Bloomberg ... crisis since World War II. The metal was one of only four commodities to rise when the Reuters [more...]

Date: 2009-01-06 15:24:36

Technical Update - Gap Fill

Last night we said that NR7 price/volume contraction implied price expansion, but direction was not clear ... between the trendline. However, after hours S&P futures are ripping lower, the trendline ... fell sharply as energy, gold, and commodities rallied on the open. USD is now in a support zone [more...]

Date: 2008-12-12 04:22:10

Technical Update - Gap Fill

Last night we said that NR7 price/volume contraction implied price expansion, but direction was not clear ... between the trendline. However, after hours S&P futures are ripping lower, the trendline is broken ... as energy, gold, and commodities rallied on the open. USD is now in a support zone and near [more...]

Date: 2008-12-12 03:49:00

TABLE-Breakdown of China’s Nov CGPI input index

Following is a breakdown of China’s corporate goods price index (CGPI) in November, released on Monday by the People’s Bank of China ... Oct Sep Aug Jul Jun May Apr Mar Feb Overall -0.4 4.0 7.0 8.2 9.4 9.5 9.6 10.3 10.2 9.2 Grain ~ 6.6 ... COMMODITIES-Surging shares dim gold, copper bounces on rate cut August 7, 2008 — WRAPUP [more...]

Date: 2008-12-22 06:39:54

How Will Deflation Worries Affect Gold?

Gold has historically been an asset that people turned to when they are worried about inflation. Today, though, we are in a very unique situation ... all, prices for just about every other commodity, from oil to nickel to cotton, have plunged [more...]

Date: 2008-12-22 18:48:33

Gold Backwardation, what does it mean?

Backwardation is a commodity term that is used to describe a situation where the spot price (the ‘right now’ price) ... to moving it from the COMEX to  to CBOT warehouse).  Gold is seen as a true preserver of wealth [more...]

Date: 2008-12-13 13:14:05

Oil Squeeze? Blame Yourself

The Journal’s Russell Gold reports: When it comes to the price of crude oil and gasoline, who is in the driver’s seat? One common answer is no one ... into the commodity futures market. All of this plays a role: the availability of supply, financial market interest in commodities, and don’t forget the strength of the U.S. dollar (the global [more...]

Date: 2008-09-03 18:43:00

Gold slips 1 percent as dollar firms and oil slides

Gold slips 1 percent as dollar firms and oil slides filed in Business on Jan.02, 2009 ‘) ... late on Wednesday, the last trading session of 2008. U.S. gold futures for February delivery fell ... as a hedge against oil-led inflation and as rising crude prices often increase interest in commodities [more...]

Date: 2009-01-02 20:56:24

Royal Gold, Envy of Chartists & Gold Bugs (RGLD, ABX, MFN, GG, NEM, GDX)

In the current climate and current stock market, there are hardly any stocks which are hitting new 52-week highs ... and arguably without at least some of the risks of commodity prices. This can be good and can be bad ... a serious future pipeline. The company has also [more...]

Date: 2008-12-17 17:12:29

Timing the next rush to gold

Timing the next rush to gold filed in Finance on Jan.03, 2009 ‘) ... expectations have diminished markedly, too, as prices of other commodities, mainly crude oil and related [more...]

Date: 2009-01-03 23:56:21

Timing the next rush to gold

Timing the next rush to gold filed in Finance on Jan.05, 2009 ‘) ... expectations have diminished markedly, too, as prices of other commodities, mainly crude oil and related [more...]

Date: 2009-01-05 20:56:15

Oil price outlook from Roger Wiegand: Part II

... up in the commodity market to invest, that investors should look at as a general trend? RW: The two best commodity plays for next year, in my view, are gold and soybeans. Corn and wheat are going to be good, too [more...]

Date: 2008-12-30 14:33:58

Investing in Gold

In times of economic crisis, it makes sense to fall back on time-proven investing strategies ... drive let’s say the price of GE stock down, investing in this commodity helps stabilize [more...]

Date: 2009-01-08 19:56:26

White gold tarnished

At the start of last year sheep and beef farmers looked enviously at the returns dairy farmers were enjoying and aimed to get prices for meat, ... September last year. The state of global commodity markets isn’t the only problem facing Fonterra ... in any future investment in China.However, the financial losses from the Sanlu investment have already [more...]

Date: 2009-01-07 17:59:59

Hourly Action In Gold From Trader Dan

Dear CIGAs, It is difficult to get an accurate read on today’s price action because it was dominated by front running of index fund rebalancing to conform to changes being made in some of the major commodity indices. Copper was up 7% at one time ... the various commodity markets. Frankly I find the idea of reducing the weighting of gold [more...]

Date: 2009-01-06 18:59:22

The USD and Backwardation.

(Chart from SharpCharts - Click on image to enlarge) The USD has had a great run, but now it looks very toppy to me ... . Backwardation in basic commodities happens frequently, but this is the first time since 1999, briefly ... of Gold is higher than the nearest futures contract. Some would define “backwardation” as the cash price [more...]

Date: 2008-12-09 04:09:13

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