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Keyword: commodities

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  • Rise of protectionism in China a threat to commodities imports

    11/14/2014 4:39:51 PM PST · by TigerLikesRooster · 3 replies
    Reuters ^ | Fri Nov 14, 2014 | Fayen Wong
    Rise of protectionism in China a threat to commodities imports By Fayen Wong SHANGHAI Fri Nov 14, 2014 1:12pm EST (Reuters) - As China lobbies world leaders to back its free trade plan at an Asia-Pacific summit this week, businesses are complaining about Beijing's use of non-tariff barriers from customs clearance to quality restrictions to curb raw material imports. Amid a slowdown in economic growth, the world's top commodities buyer is facing a supply glut that has sent local prices tumbling and miners deep into the red. Inventories of iron ore, coal and cotton are bulging at ports across the...
  • US Mint Sells Out Of Silver Eagles Following "Tremendous" Demand

    11/05/2014 3:05:13 PM PST · by blam · 30 replies
    BI ^ | 11-5-2014 | Tyler Durden
    Tyler Durden11/05/2014 When it comes to buyers of physical assets as opposed to traders of paper representations of such assets, there is one key difference: the latter, more than anything, enjoy looking at "heatmaps", chasing trends and jumping on momentum, the result being the most recent massive selloff in such "paper" representations of precious metals as the GLD and SLV ETFs, and various gold futures. On the other hand, those who prefer to hold the metal in their hands, as well as others such as China whose ravenous apetite for gold over the past 4 years has been extensively covered...
  • Gold Is Getting Destroyed ($1140 Oz)

    11/05/2014 6:17:31 AM PST · by blam · 67 replies
    BI ^ | 11-5-2014 | Elena Holodny
    Elena Holodny November 5, 2014 Gold is getting crushed. Again. The yellow metal is at $1,140 per ounce, down by about 2.3%. It got as low as $1,137. This is the lowest level since April 2010. Gold has been dropping to new lows for several weeks as the dollar has strengthened. Oil is another commodity that is tumbling again. WTI crude oil prices dropped as low as $75.84 per barrel shortly after 5 a.m. ET. Brent crude touched $81.63. While this is great for consumers, this is troubling for the oil producers, who may be forced to idle unprofitable projects....
  • The US Economy Runs Into A Problem If Oil Hits $75

    10/30/2014 6:00:42 PM PDT · by blam · 66 replies
    BI- Zero Hedge ^ | 10-30-2014 | Tyler Durden
    Tyler Durden October 30, 2014 US shale oil is now the marginal swing barrel in the new world oil order, and as Goldman Sachs warns (despite Larry Kudlow apparently knowing better), a decline in WTI to $75/bbl would start to significantly slow US shale growth (and thus employment, capex, and the entire US economy). Via Goldman Sachs, Our oil forecast calls for a slowdown in US shale oil production which our North American Energy equity research team led by Brian Singer estimates will occur at $75/bbl WTI prices. They estimate that the WTI oil price at which average wells in...
  • On The Coming Collapse Of Copper

    10/25/2014 10:47:46 AM PDT · by blam · 29 replies
    Zero Hedge ^ | 10-25-2014 | Tyler Durden
    Tyler Durden 10/25/2014 18 months ago we first brought the world's attention to the end of what has now been exposed as among the largest ponzi schemes in history - the Chinese Commodity Financing Deals (CCFDs) - pointing out how this meant commodities like copper were likely to come under pressure as firms liquidate what minimal holdings they had (and sell out futures hedges) to manage the risk of unwinds in these quasi-collateralized deals. Since then, copper prices have indeed plunged, as has global growth expectations and global bond yields as a realization that 'demand' implied by previous prices was...
  • FORGET GOLD: Here Are 11 Odd Items People Use To Store Their Wealth

    10/22/2014 7:23:19 AM PDT · by blam · 46 replies
    BI ^ | 10-22-2014 | Akin Oyedele
    Akin Oyedele October 22, 2014"Gold gets dug out of the ground in Africa or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." That's what Warren Buffett said back in 1998. Gold has long been considered a safe-haven investment. However, the price of gold has performed dismally in recent years. For those who don't trust the conventional financial markets, there are alternative more unorthodox ways to put away wealth. We put together a list of some...
  • Global Plunge (Stocks)

    10/10/2014 5:14:04 AM PDT · by blam · 12 replies
    Bi ^ | 10-10-2014 | Joe weisenthal
    Joe WeisenthalOctober 10, 2014 The global market plunge continues. On Thursday we saw the Dow give up more than 300 points, and markets again awash in a sea of red. France is down 1.6%. German shares are down over 2%. Hong Kong's Hang Seng fell nearly 2%, while Japan lost just over 1%. US futures are all lower, by just under 1%.(snip)
  • Silver Soars As The Dollar Dumps Most In A Year; Stocks Surrender Payrolls Gains

    10/06/2014 2:41:55 PM PDT · by blam · 24 replies
    Zero Hedge ^ | 10-6-2014 | Tyler Durden
    Tyler Durden 10/06/2014 Following Friday's post-payrolls exuberance, the US Dollar crashed by the most in over a year today and stocks retraced most of their gains with only European data (weak) to base any momentum ignition on. Today's stock weakness turning point coincided with the bankruptcy headlines of GTAT but the divergence to USDJPY and bonds set the scene for stocks' demise. Trannies were today's laggard (after leading Friday) along with small-caps as The Dow clung to 17,000 and S&P closed marginally red. EUR strength led USD weaker and the plunge accelerated into the US close (eradicating all payrolls gains)....
  • The Weekend Is Over, And Gold Is Falling ($1185)

    10/05/2014 5:58:45 PM PDT · by blam · 56 replies
    BI ^ | 10-5-2014 | Joe Weisenthal
       October 5, 2014Joe Weisenthal There goes gold. As markets whirr back to life to start the week, gold is falling again. (snip)
  • GOLD ($1198 Oz)

    10/03/2014 6:28:13 AM PDT · by blam · 30 replies
    Kiytco ^ | 10-3-2014 | blam
    Buying Time.
  • Silver Is Getting Crushed

    09/19/2014 2:14:13 PM PDT · by blam · 75 replies
    BI ^ | 9-19-2014 | Akin Oyedele
    Akin Oyedele September 19, 2014 On Friday, Silver fell more than 3% to less than $18 an ounce, its lowest level in more than four years.Silver - FinViz The price of gold also fell about 0.8% and touched its lowest level since January. Gold has been weak recently and is approaching a four-year low. Gold - FinViz Platinum also fell to a nine-month low.(snip)
  • Copper Surges To 4-Month High

    06/30/2014 10:33:37 AM PDT · by blam · 12 replies
    Zero Hedge ^ | 6-30-2014 | Dennis Gartman
    Tyler Durden 06/30/2014 Copper has rallied almost 6% in the last few weeks with a 1.25% surge today sending the 'economic' metal back to near 4-month highs. This must means demand is picking up, right? This must mean the world is ok, right? Chatter is that this morning's home sales 'noise' surprise spike was the catalyst but it appears much more likely that a combination of a continued squeeze of a very-extended spec short position and the ongoing unwind of China's commodity-finance-deals is the real catalyst. As the market comes to terms with synthetic demand (CCFD unwinds buying back hedges)...
  • One Ton Gold Shipment Into Hong Kong Revealed To Contain Just Worthless Metal

    06/06/2014 12:11:19 PM PDT · by blam · 33 replies
    Zero Hedge ^ | 6-6-2014 | Tyler Durden
    Tyler Durden 06/06/2014 Two years ago, stories of fake tungsten-filled gold coins and bars began to spread; it appears, between the shortage of physical gold (after Asian central bank buying) and the increase in smuggling (courtesy of India's controls among others) that gold fraud is back on the rise. As SCMP reports, a mainland China businessman, Zhao Jingjun, discovered that HK$270 million of 998kg of gold bars he bought in Ghana had been swapped for non-precious metal bars. What is perhaps even more worrisome, given the probe into commodity-financing deals and the rehypothecation evaporation; these gold bars were shipped to...
  • The Nickel Supply Squeeze Is Just Getting Started

    05/28/2014 9:29:58 AM PDT · by blam · 13 replies
    TMO ^ | 5-28-2014 | Investment U
    May 28, 2014 - 06:02 PMInvestment_U Back in January, I wrote a column explaining the supply-demand squeeze in nickel. One way I suggested to play the nickel squeeze, the iPath Dow Jones-AIG Nickel Total Return Sub-Index ETN (NYSE: JJN), is up 38% from my recommendation. Did you buy that fund? Well, if you didn't, there's no need to kick yourself. The nickel run isn't over. In fact, if anything, the supply/demand squeeze powering nickel's surge is likely to get stronger. The biggest user of nickel is China. Nickel is used to make stainless steel, and China makes a lot of...
  • Agri-Foods Dramatic Price Rise During 2014

    05/27/2014 11:00:53 AM PDT · by blam · 10 replies
    TMO ^ | 5-27-2014 | Ned W Schmidt
    May 27, 2014 - 02:40 PM Ned W Schmidt Agri-Commodities Prices Winning - Or, how long does it take the Street to identify an elephant in the room? Apparently the answer to that question is a time period longer than should be the case. Agri-Food prices have been rising fairly dramatically thus far this year. With an average gain of about 10% since the beginning of the year, eating is becoming far more expensive. Rather than a short-term phenomenon, higher prices for Agri-Foods over time are part of the future, an unavoidable one. Prices rise for Agri-Foods when demand grows...
  • Barclays Latest To Exit Commodity Trading, Layoff Several Thousand Staff

    04/20/2014 4:28:28 PM PDT · by SeekAndFind · 6 replies
    Zero Hedge ^ | 04/20/2014 | Tyler Durden
    With JPMorgan and Deutsche Bank having exited the commodities business (and numerous other banks discussing it ahead of the Fed and regulators' decisions over banking rules of ownership), it appears a few short months of regulatory scrutiny is enough to warrant more broad-based cuts across bulge-bracket banks historically most manipulated and profitable business units. As The FT reports, Barclays, one of the world’s biggest commodities traders, is planning to exit large parts of its metals, agricultural and energy business in a move expected to be announced this week. This comes on the heels of Barclays shuttering its power-trading operations...
  • Corn Prices Are Popping

    03/31/2014 11:49:53 AM PDT · by blam · 42 replies
    BI ^ | 3-31-2014 | Rob Wile
    Corn Prices Are Popping Rob WileMar. 31, 2014, 12:15 PM    Corn prices are surging after U.S. farmers said they expect to plant the lowest corn acreage since 2010. That's because inventories in the world’s biggest grower and exporter jumped 30 percent from a year earlier. Acreage is estimated to hit 91.691 million, down from 95.365 million a year earlier, according to a survey of more than 84,000 growers released today in Washington, Bloomberg said. Analysts surveyed by Bloomberg estimated 93.014 million, on average. Here's how corn reacted to the news:
  • Gold And Silver Go From Bearish To More Bearish

    03/28/2014 7:59:31 AM PDT · by blam · 23 replies
    Market Oracle ^ | 3-28-2014 | P Radomski CFA
    Gold And Silver Go From Bearish To More Bearish Commodities / Gold and Silver 2014 Mar 27, 2014 - 03:16 PM GMT By: P Radomski CFA Commodities Briefly: In our opinion short speculative positions in gold (half), silver (half) and mining stocks (full) are justified from the risk/reward perspective. The decline in the precious metals sector continues, as indicated in the previous alerts. Gold, silver and mining stocks have declined once again and appear to be headed lower also today. Did yesterdays price action change anything? Lets take a look (charts courtesy of Today we will start with silver...
  • Why Food Prices Are Surging

    03/25/2014 9:38:15 AM PDT · by blam · 52 replies
    BI ^ | 3-25-2014 | Matthew Boesler
    Why Food Prices Are Surging Matthew Boesler Mar. 25, 2014, 12:06 PM Since the beginning of the year, food prices have been on a tear. In a new report, Morgan Stanley commodities analysts led by Adam Longson attribute the surge in prices to a number of factors, "from weather (in the case of sugar, soybeans and coffee) to disease (in the case of hogs) to geopolitics (wheat and corn)." The Morgan Stanley analysts don't believe this will continue. "To date, weather concerns in South America have proven overstated, as evidenced in the recent declines in sugar prices," they say. "Tensions...
  • Why Chinese Copper Demand Could Come Booming Back (Dr Copper)

    03/24/2014 6:22:15 AM PDT · by blam · 11 replies
    BI ^ | 3-24-2014 | Mamta Badkar
    Why Chinese Copper Demand Could Come Booming Back Mamta BadkarMar. 23, 2014, 11:21 PM     Copper prices have been tumbling on concerns about China's economic slowdown and an unwinding of copper-backed loans. But Sijin Cheng at Barclays writes that grid spending could "help dispel" concerns about Chinese copper demand. China's grid companies invested 40 billion yuan (about $6.4 billion) in the first two months of the year, up 22% year-over-year. This comes "despite a high base; in January-February 2013, [when] investment rose 44% from a soft 2012." While some cable providers reported "sharp slowdowns" in the Jan-Feb...
  • Copper Is In Full Meltdown Mode Again In Shanghai (Dr Copper)

    03/11/2014 10:04:27 PM PDT · by blam · 25 replies
    BI ^ | 3-12-2014 | Joe Weisenthal
    Copper Is In Straight Up Meltdown Mode Again In ShanghaiJoe Weisenthal Mar. 11, 2014, 9:22 PMCopper prices which are often seen as a proxy for the Chinese economy, if not the entire global economy have been getting crushed. And they're in full meltdown mode tonight. Via Deirdre Wang Morris, here's the chart of Shanghai Copper prices limit down.
  • Copper Is Getting Smoked After Bad Chinese Data

    03/09/2014 6:14:07 PM PDT · by blam · 5 replies
    BI ^ | 3-9-2014 | Mamta Badkar
    Copper Is Getting Smoked After Bad Chinese Data Mamta BadkarMarch 9, 2014, 7:56 PM  Copper futures are down 2.5% in early trading, to $3.0060 per pound. Copper has been taking a beating recently and it is likely that the recent decline in Chinese exports weighed on the data. Chinese exports were down 18.1% on the year in February, after rising 10.6% the previous month. Imports however were up 10.1%. While economists have warned about reading too much into Chinese data in the Jan-Feb period because of the impact of the Lunar New Year holiday, this has raised concerns about...
  • Renewed Indian Demand Driving Gold Prices Higher?

    03/06/2014 11:44:29 AM PST · by blam · 9 replies
    Market Oracle ^ | 3-6-2014 | Julian DW Phillips
    Renewed Indian Demand Driving Gold Prices Higher? Commodities / Gold and Silver 2014 Mar 06, 2014 - 02:04 PM GMTJulian_DW_Phillips Current Situation Since last August, the Indian government placed a stranglehold on gold imports into the country by requiring that 20% of all gold imported be exported as jewellery. This forced the amount of gold imported to drop to 30% of former levels until October of last year. Then the amount imported rose to 38 tonnes a month and has been at that level since then. The amount of gold that was expected to be imported for the year was...
  • JP Morgan Holds Highest Amount Of Physical Silver In History

    02/05/2014 7:48:13 AM PST · by blam · 16 replies
    Market Oracle ^ | 2-5-2013 | GoldSilverWorlds
    JP Morgan Holds Highest Amount Of Physical Silver In History Commodities / Gold and Silver 2014 Feb 05, 2014 - 06:48 AM GMTBy: GoldSilverWorlds Commodities While everyone is focused on the massive outflows in COMEX registered gold inventories and the gold ETF, GLD, it seems that an important evolution in silver is passing unnoticed. In what follows, Ted Butler, precious metals analyst specialized in COT analysis, reveals a remarkable insight in the physical silver market. Butlers calculations show that JPMorgan (JPM) has piled up the largest holding of physical silver in modern world. Since the silver price peak in May...
  • A Whole New Group Of People Is Going To Start Worrying About The Gold Crash

    06/26/2013 7:56:28 AM PDT · by blam · 30 replies
    Business Insider ^ | 6-26-2013 | Joe Weisenthal
    A Whole New Group Of People Is Going To Start Worrying About The Gold Crash Jow WeisenthalJune 26, 2013, 5:26 AMBack in the day, a few years ago, when gold was soaring, anti-Fed types saw this as indication that Bernanke was blowing bubbles and creating hyperinflation. Of course, the price of gold is just the price of gold, but it didn't stop people from making bold statements about how gold was "voting" against Fed policy so to speak. Well now gold is totally crashing. At the start of April it was near $1600/oz. This morning it's not much above $1200/oz....
  • The Floor Dropped Out From Under Gold

    06/25/2013 8:01:01 PM PDT · by blam · 96 replies
    Business Insider ^ | 6-25-2013 | Joe Weisenthal
    The Floor Dropped Out From Under Gold Joe Weisenthal June 25, 2013 Gold is still looking like one of the sickliest assets in the world. The floor just dropped out of it tonight, sending it to a new low for this cycle.
  • What Kind of Fools Are Buying Gold?

    06/23/2013 1:05:52 PM PDT · by blam · 35 replies
    The Market Oracle ^ | 6-23-2013 | Jesse's Caf Amricain
    What Kind of Fools Are Buying Gold? Commodities / Gold and Silver 2013 June 23, 2013 - 08:55 PM GMT By: Jesse On the whole, the world's central banks are now net buyers of gold, and have been for some time, after being net sellers for over twenty years. Russia is one example. Why do you think they are buying it? They don't understand money? They don't know what they, and some of their associated central banks, are planning to do to recapitalize the deteriorating global financial system and dollar reserve trade regime? Did they forget to watch CNBC to...
  • Gold And Silver - The End Is Near; Just Not In Sight

    06/22/2013 9:50:04 PM PDT · by blam · 29 replies
    The Market Oracle ^ | 6-22-2013 | Michael Noonan
    Gold And Silver - The End Is Near; Just Not In Sight Commodities / Gold and Silver 2013 June 22, 2013 - 04:00 PM GMT By: Michael Noonan Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect. So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in the same manner, and to the ongoing surprise of most. "Gold will be at/above $2,000 by the end of the year." "Gold will reach $3,000 [$5,000, $10,000, etc] and silver $100, [$250, $500, etc]" "The central...
  • If the Economic Recovery Is Strong, Why Are Lumber Prices Falling?

    06/04/2013 1:37:36 PM PDT · by blam · 21 replies
    TMO ^ | 6-4-2013 | Sasha Cekerevac - InvestmentContrarian
    If the Economic Recovery Is Strong, Why Are Lumber Prices Falling? Economics / Economic Recovery Jun 04, 2013 - 07:05 PM GMT By: InvestmentContrarian Sasha Cekerevac writes: As we all know, the stock market is in record-setting territory. One would think that this must mean the economic recovery engineered by the Federal Reserve is surely in place, but its not. I believe that the economic recovery is far from being assured. The shocking thing to consider is how many trillions of dollars the Federal Reserve has pumped into the economy, and yet all we have to show for it is...
  • NOURIEL ROUBINI: 6 Reasons Why Gold Will Plunge To $1,000

    06/02/2013 6:02:49 AM PDT · by blam · 50 replies
    Business Insider ^ | 6-2-2013 | Joe Weisenthal
    NOURIEL ROUBINI: 6 Reasons Why Gold Will Plunge To $1,000 Joe Weisenthal Jun. 1, 2013, 4:27 PM Gold has been getting poleaxed in recent months, though it remains just below $1400/oz. In a piece up at Project Syndicate, economist Nouriel Roubini says gold will fall to around $1,000 before the end of 2015. He gives six reasons why. We summarize: * Gold spikes during extreme crises. The crises are over. * Gold does well during periods when there's a risk of high inflation. That clearly is no longer a big worry, given how much central banks have unsuccessfully tried to...
  • One Critical Commodity Is Having A Worse Year Than Gold (Iron)

    05/29/2013 7:41:02 AM PDT · by blam · 8 replies
    Business Insider ^ | 5-29-2013 | Sam Ro
    One Critical Commodity Is Having A Worse Year Than Gold Sam Ro May 29, 2013, 7:59 AM Here's a chart that Deutsche Bank includes in its periodic "Equity View" report. It's the year-to-date and month-to-date returns of the world's most important asset classes. There aren't too many surprises here. Japan's Nikkei is leading stocks and the yen is lagging the currencies. High yield bonds are leading the credit markets as investors reach for yield. One area that may surprise some is commodities. Gold has experienced a very widely reported sell-off. But iron ore is actually having a worse year. Iron...
  • Riding A Copper Commodity Horse

    05/25/2013 6:23:30 AM PDT · by blam · 6 replies
    TMO ^ | 5-25-2013 | Richard Mills
    Riding A Copper Commodity Horse Commodities / Copper May 25, 2013 - 02:49 AM GMT By: Richard_Mills My last article, 'Give It A Doubt' was about population growth, urbanization in developing countries and the one billion people predicted to join the consuming classes by 2025. "One billion people will enter the global consuming class by 2025. They will have incomes high enough to classify them as significant consumers of goods and services..." McKinsey Global Institute, Urban world: Cities and the rise of the consuming class Some of these new consumers are going to be Americans but the majority are in...
  • 8 Currencies That Could Tank As Commodities Collapse

    05/21/2013 6:34:09 AM PDT · by blam · 12 replies
    TBI ^ | 5-21-2013 | Joe Weisenthal
    8 Currencies That Could Tank As Commodities Collapse Joe Weisenthal May 21, 2013, 7:20 AM A big story this year has been the decline in commodities. That's bad news for countries and currencies that are closely tied to commodities. In a note, Sebastien Galy has a quick rundown of what currencies are associated with what commodities: * Aussie Dollar : aluminum, coal & wheat * Canadian Dollar : oil and wheat * South African Rand : coal & platinum * Chilean Peso : copper * Mexican Peso: oil & silver * Russian Rubel: oil, nickel, platinum, wheat * Brazilian Real:...
  • Silver Has Now Had An Insane Day, And Is Actually Higher After Plunging 9%

    05/20/2013 9:26:40 AM PDT · by blam · 18 replies
    TBI ^ | 5-20-2013 | Matthew Boesler
    Silver Has Now Had An Insane Day, And Is Actually Higher After Plunging 9% Matthew Boesler May 20, 2013 Silver got slammed last night when futures markets re-opened to begin the week. At its lowest level, the precious metal had fallen nearly 9% to $20.25 an ounce. Remarkably, it's already staged a big comeback, and it just turned positive on the day. In the past few minutes, it's screamed higher, and is now trading around $23.00, up 2.7%. Miller Tabak's Jonathan Krinsky offers some commentary on why the details of the sell-off may actually be positive for those bullish on...
  • Silver Is Just About Finished

    05/20/2013 6:32:39 AM PDT · by blam · 14 replies
    TBI ^ | 5-20-2013 | Joe Weisenthal
    Silver Is Just About Finished Joe Weisenthal May 20, 2013, 4:22 AM Silver is getting creamed today (to the tune of 4%). Of course, the precious metals have been in a deep bear market for awhile. Worth looking at the big picture for a moment though. With its latest decline, silver is getting very close to hitting levels before it really took off in 2010 (and went parabolic in early 2011). The great story for silver is just about totally over. Screen Shot 2013 05 20 at 4.20.10 AMFinViz
  • Gold And Silver True Story Is All About Time - Be Prepared

    05/19/2013 11:14:04 PM PDT · by blam · 10 replies
    TMO ^ | 5-19-2013 | Michael Noonan
    Gold And Silver True Story Is All About Time - Be Prepared Commodities / Gold and Silver 2013 May 19, 2013 - 06:10 PM GMT By: Michael Noonan We are going to start off with one of the most eye-popping pictures of just one central bank, the privately owned corporate Federal Reserve, and its purported gold holding. Occasionally, we drop a bit of history that most people either ignore or simply do not believe, but this one cannot be conveniently shunted aside. One of the provisions in the FEDERAL Constitution, the 14th Amendment, [the original, organic Constitution had only 10...
  • The Week Begins, And Silver Is Instantly Getting Destroyed

    05/19/2013 10:36:27 PM PDT · by blam · 41 replies
    TBI ^ | 5-19-2013 | Joe Weisenthal
    The Week Begins, And Silver Is Instantly Getting Destroyed Joe Weisenthal May 19, 2013, 6:18 PM Fans of precious metals have been getting creamed lately. Thanks to declining volatility and a growing sense that real interest rates are on the rise, gold and silver have been getting taken to the woodshed. And in early Asian trading there's no letup. Silver is getting demolished. From Kitco, here's the sharp downward spike. Screen Shot 2013 05 19 at 6.16.13 PM Kitco As you can see here, the decline in gold is more muted, but still visible. Silver's not the only thing going...
  • Commodities Boom to be Driven by the Urbanisation of 1 Billion More People

    05/19/2013 10:28:55 AM PDT · by blam · 9 replies
    TMO ^ | 5-19-2013 | Richard Mills
    Commodities Boom to be Driven by the Urbanisation of 1 Billion More People Commodities / Demographics May 18, 2013 - 07:11 PM By: Richard Mills Many, many years ago during a lengthy argument with a friend he told me to 'give it a doubt' - he meant I was wrong. The herd is convinced the commodities boom is over. Doom and gloom, the sky is falling, the bears argument sounds convincing - growth has stopped, economies are slowing. Looking at the TSX.V's performance (most of the world's mineral exploration firms call the Venture Exchange home) it's as if people are...
  • BARRON'S: Two Gigantic, Suspicious Sales Of Gold On Friday That Caused The Price To Plunge

    05/19/2013 10:03:56 AM PDT · by blam · 42 replies
    TBI ^ | 5-19-2013 | Joe Weisenthal
    BARRON'S: There Were Two Gigantic, Suspicious Sales Of Gold On Friday That Caused The Price To Plunge Joe Weisenthal May 19, 2013, 10:34 AM Gold went down the toilet again on Friday, and is now close to revisiting its April lows. This gold weakness is causing a lot of consternation to fans of it who don't understand how the precious metal can keep falling, when central banks around the world continue to press down on the gas pedal. A lot of gold bugs think the price is being manipulated somehow, or that there's some divergence between what's going on in...
  • Gold And Silver Are In Liquidation Mode Again

    05/15/2013 6:32:24 AM PDT · by blam · 24 replies
    TBI ^ | 5-15-2013 | Joe Weisenthal
    Gold And Silver Are In Liquidation Mode Again Joe Weisenthal May 15, 2013, 4:22 AM It's happening again. Gold and silver are in liquidation mode. Both of the two precious metals are back to being taken to the woodshed. Gold looks at risk of breaking below $1400/oz. again.KITCO And silver is just plain ugly.KITCO The end of the world trade (which explains a lot of gold's appeal) is looking less and less likely to play out as the precious metal bugs had anticipated. Meanwhile, improving economic fortunes makes it less appealing to have money in rocks. And big picture, now...
  • Silver Prices To Soar, Like Gold On Steroids!

    05/14/2013 11:08:17 AM PDT · by blam · 20 replies
    TBI - Money Morning ^ | 5-14-2013 | Diane Alter
    Silver Prices To Soar, Like Gold On Steroids! Commodities / Gold and Silver 2013 May 14, 2013 - 12:31 PM GMTDiane Alter By: Money_Morning Diane Alter writes: It's hard not to get a bit nostalgic about silver prices. I find myself reminiscing about April 2011 when the white metal ended the month at a sterling $48.70 an ounce after hitting an all-time intraday high of $49.51. That record surpassed the previous high of $49.45 set three decades earlier when the Texan Hunt brothers set out to corner the silver market. Since the 2011 peak, the S&P has roared higher by...
  • Nervous Bernanke Warns Of Excessive Risk (Dollar Rises, Commodities Plunge)

    05/10/2013 8:09:02 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 05/10/2013 | Anthony B. Sanders
    Fed Chairman Ben Bernanke was nervous as he answered questions at his speech in Chicago today. In light of the current low interest rate environment, we are watching particularly closely for instances of reaching for yield and other forms of excessive risk-taking, which may affect asset prices and their relationships with fundamentals, Mr Bernanke said. I was waiting for questions or hints as to if or when will take their foot off the monetary accelerator, but NADA. Global sovereign yields rose across the board this morning (except for Greece). The dollar is rising while commodities plunged this morning (look...
  • A Gold Number Literally Off The Charts

    05/08/2013 4:54:57 PM PDT · by blam · 14 replies
    The Daily Reckoning ^ | Dave Gonigam
    A Gold Number Literally Off The Charts Dave GonigamMay 8, 2013Setting a record doesnt begin to do the story justice. The Hong Kong Census and Statistics Department is out with its monthly figures on Chinas gold imports via Hong Kong. The Chinese government is notoriously secretive about its total imports, so the Hong Kong figures are the best we have to go on. The March number is 223.5 metric tons literally off the charts This is quite out of expectation, as all these imports were done before the market slump in April, a trader at the Bank of China...
  • The Commodity Massacre Is Back Today Gold Tanks Again

    05/01/2013 7:30:15 AM PDT · by blam · 33 replies
    TBI ^ | 5-1-2013 | Matthew Boesler
    The Commodity Massacre Is Back Today Gold Tanks Again Matthew BoeslerMay 1, 2013 WTI crude oil is getting hit pretty hard this morning. Right now, it's down about 2.8%, trading at $90.85 a barrel. Copper is getting hit too it's down about 3.2%. Gold, meanwhile, is down 1.5%, trading at $1450 an ounce. In fact, the entire commodity complex is pretty heavy in the red today, with the exception of natural gas. Silver, platinum, palladium, corn, wheat, sugar, coffee, soybeans, gasoline, and heating oil are all coming under selling pressure. Overnight, we saw weaker-than-expected manufacturing data out of...
  • Copper Calls The Economic Recovery BS (Dr Copper)

    04/28/2013 7:30:26 AM PDT · by blam · 22 replies
    The Market Oracle ^ | 4-28-2013 | Graham Summers
    Copper Calls The Economic Recovery BS Economics / Global EconomyApril 27, 2013 - 03:08 PM GMT By: Graham Summers For the last four years, the financial world has traded largely based on hope of more intervention from Central Banks. That was and is the single driving factor of the markets. Good news was good news (its a recovery!) but bad news was even better (the Fed will have to print more money!) as far as stocks were concerned. However, against this backdrop several issues began to develop. The single most important one was Copper, which has a great record of...
  • Why Silver Price will Soar To $250 An Ounce

    04/25/2013 9:57:06 AM PDT · by blam · 28 replies
    The Market Oracle ^ | 4-25-2013 | Money Morning - Peter Krauth
    Why Silver Price will Soar To $250 An Ounce Commodities / Gold and Silver 2013April 25, 2013 - 05:46 PM GMTPeter Krauth - Money Morning Peter Krauth writes: All bull markets go through periods of consolidations and corrections. And precious metals are no exception. There has been plenty about gold's swan dive, but less talk about silver. And at this point there's more potential for silver than gold...significantly more. Because the global silver market is relatively small, silver prices tend to be more volatile; the pounding selloff we witnessed in silver this past month is a testament to that fact....
  • Gold Had Another Strong Night

    04/25/2013 4:08:06 AM PDT · by blam · 10 replies
    TBI ^ | 4-25-2013 | Joe Weisenthal
    Gold Had Another Strong Night Joe WeisenthalApril 25, 2013After getting routed early last week, gold has definitely found its footing again. It had a strong night, and is now in the mid $1400s. At its worst point last week, it was just above $1300/oz. Via Kitco:
  • The Eagles Have Fled

    04/24/2013 1:54:37 PM PDT · by blam · 14 replies
    The Daily Reckoning ^ | 4-24-2013 | Dave Gonigam
    The Eagles Have Fled by Dave GonigamApril 24,2013 The U.S. Mint has been cleaned out of 1/10th-ounce Gold Eagles. So far this month, 85,000 of the coins have exited the Mints doors. Now sales are temporarily suspended. While the 1-ounce gold bullion coins remain the most popular, says a Mint statement, demand for the 1/10th-ounce coins has remained strong too, with year-to-date demand for these coins up over 118% compared to the same period last year. Overall Gold Eagle sales this month now total 183,500 ounces. At this rate, April will almost surely end with the second-highest sales on record...
  • The Economic Depression Is Deepening

    04/24/2013 7:18:36 AM PDT · by blam · 12 replies
    The Market Oracle ^ | 4-24-2013 | Bill Bonner
    The Economic Depression Is Deepening Economics / Great Depression IIApril 23, 2013 - 05:47 PM GMT By: Bill Bonner Gold seemed to be stabilizing at the end of last week. Commodities remained weak. Steel has fallen 31% this year. Brent crude is off 17% since early February. And copper is down 15%. Copper is the metal you need to make almost anything houses, cars, electronics. When it goes down, it generally means the world economy is getting soft.At the start of last week, the conventional analysis of the gold sell-off was that the central banks' efforts to revive global...
  • Gold Is On A Tear Today

    04/22/2013 5:50:36 AM PDT · by blam · 15 replies
    TBI ^ | 4-22-2013 | Joe Weisenthal
    Gold Is On A Tear Today Joe WeisenthalApril 22, 2013 After getting its butt kicked last week, gold is bouncing back a bit. It's up over 2% today, surging to above $1430/oz. At one point last week it was in the low $1300s.