Keyword: commodities

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  • Gold Roubles - This Is What Gold Does In a Currency Crisis

    12/17/2014 10:39:37 AM PST · by blam · 13 replies
    TMO ^ | 12-17-2014 | John_Rubino
    December 17, 2014 John Rubino To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold. But when currencies collapse, gold shines. Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why -- all fiat currencies go this way...
  • OIL JUST SPIKED

    12/17/2014 10:05:19 AM PST · by blam · 105 replies
    BI ^ | 12-17-2014 | Sam Ro
    Sam Ro December 17, 2014Oil prices are surging. The price of West Texas Intermediate crude oil on Tuesday rose to $58.98 from $54.20. Brent crude rose to $63.50 from about $58.70. At this point, there seems to be no obvious explanation for the move. On Tuesday, oil prices tumbled to five-year lows. WTI touched $53.60 and Brent sank to $59.86, both were the lowest levels since May 2009. (snip)
  • Rapid fall in oil prices may portend global recession

    12/16/2014 4:56:58 AM PST · by thackney · 47 replies
    NY Post ^ | December 14, 2014 | Jonathon M. Trugman
    Cratering crude-oil prices may be a blessing to cash-strapped American consumers, but it’s a double-edged sword when it comes to the overall economy. The problem for the overall economy is not so much the drop in oil prices as it is the velocity at which oil prices have fallen. The plunge from a peak of just over $100 per barrel in the early summer to today’s $58 — a massive 42 percent drop in just a few short months, most of which has come in the last 90 days — could make anyone’s head spin. The rapid fall in crude...
  • There Goes Oil ... ($60.50 bl)

    12/11/2014 5:44:09 AM PST · by blam · 30 replies
    BI ^ | 12-11-2014 | Myles Udland
    Myles Udland December 11, 2014Oil is falling again. In morning trade on Thursday, after a quiet session overnight, the price of WTI crude oil was sliding again, moving back below $61 a barrel and towards the lows hit on Wednesday. On Wednesday, WTI fell below $60.50, the lowest since 2009, while Brent crude oil also dipped below $65 a barrel. (snip)
  • Oil Is On 'An Incessant March Downwards'

    12/10/2014 5:06:02 AM PST · by blam · 57 replies
    BI - Reuters ^ | 12-10-2014 | Adam Rose
    Adam Rose, Reuters December 10, 2014 Brent crude remained above $66 barrel on Wednesday, after resuming its drift downward amid a glut of oil on the market, following a short-lived reprieve the previous day when a weaker dollar had provided some support to prices. Worries about oversupply have pushed Brent down 40% since June. "Notwithstanding day-to-day movements, the fundamental picture hasn't really changed, and that is one of supply outstripping demand growth for most of the year," said Phin Ziebell, a senior analyst at National Australia Bank. "It's an incessant march downwards, and it would be interesting to see where...
  • The silent crash in commodities—a warning sign

    12/09/2014 2:07:10 PM PST · by RightGeek · 35 replies
    CNBC ^ | 12/9/2014 | Ron Insana
    If the commodity markets were followed as widely as the stock market, the financial world would be buzzing with the news of a crash that has taken place in the value of "stuff." While the plunging prices of oil, natural gas and gasoline are making headlines every day, thanks to the benefits accruing to consumers of energy products, the message of the commodity markets, in many ways, is hardly a reassuring one when it comes to the outlook for global economic growth. Basic materials prices for the likes of copper, nickel, iron ore, and other industrial commodities, have collapsed, both...
  • Seven Questions Gold Bears Must Answer?

    12/09/2014 9:35:03 AM PST · by blam · 17 replies
    TMO ^ | 12-9-2014 | Jeff Clark
    December 09, 2014 Jeff Clark A glance at any gold price chart reveals the severity of the bear mauling it has endured over the last three years. More alarming, even for die-hard gold investors, is that some of the fundamental drivers that would normally push gold higher, like a weak US dollar, have reversed. Throw in a correction-defying Wall Street stock market and the never-ending rain of disdain for gold from the mainstream and it may seem that there’s no reason to buy gold; the bear is here to stay. If so, then I have a question. Actually, a whole...
  • Cheap Oil Also Means Cheap Copper, Corn and Sugar: Commodities

    12/08/2014 9:06:30 PM PST · by Maelstorm · 5 replies
    http://nr.news-republic.com ^ | Dec 9, 2014 | Isaac Arnsdorf
    Lower fuel prices are compounding the longest commodity slump in a generation. Because energy accounts for as much as half the cost to produce food and metals, all sorts of commodities will keep dropping, according to Societe Generale SA and Citigroup Inc. With inventories ample and slowing economies eroding demand, cheaper oil lowers the price floor for mining companies and farmers to remain profitable. Corn may drop another 3 percent, cotton 6.5 percent and gold as much as 5 percent, SocGen estimates. Costs are falling as surpluses emerge in copper and sugar and as the economy slows in China, the...
  • Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives

    12/08/2014 10:10:30 AM PST · by SeekAndFind · 43 replies
    The Economic Collapse Blog ^ | 12/08/2014 | Michael Snyder
    Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than six months this time either. If the price of oil stays at this level or goes down even more, someone out there is going to have to absorb some absolutely massive losses. In some cases, the losses will be absorbed by oil producers, but many...
  • Gold Turns Bullish

    12/03/2014 9:09:20 PM PST · by blam · 32 replies
    TMO ^ | 12-3-2014 | Clive_Maund
    December 03, 2014 By: Clive_Maund Yesterday was an extraordinary day in the Precious Metals markets, with a good chance that it signals the reversal from the brutal 3-year plus bear market that so many have waited so long to see. The day started with gold and silver plunging on the news that the Swiss voted against backing their currency with gold, but later in the day they rallied strongly on heavy turnover to close with giant reversal candlesticks on their charts. Regardless of the reasons for this bizarre behavior, technically this action looks very positive, and this is written with...
  • GOLD! (Exploding Higher $1219 Oz)

    12/01/2014 10:59:53 AM PST · by blam · 17 replies
    BI ^ | 12-1-2014 | Myles Udland
    Myles Udland December 1, 2014 Gold is exploding higher. In afternoon trade on Monday, gold futures were up better than 3.5% in the last 24 hours to around $1,215 an ounce, moving back above $1,200 for the first time in more than a week. The spike in gold reverses a plunge in gold late last week that was continued on Sunday night as the futures market re-opened after voters in Switzerland rejected a measure that would have required the Swiss National Bank to increase its gold holdings from 8% to 20%. Oil, which also got crushed last week, is also...
  • Gold Surges Over $50 Off Overnight Lows; Commodities Bouncing As Dollar Weakens

    12/01/2014 7:05:44 AM PST · by blam · 12 replies
    Zero Hedge ^ | 12-1-2014 | Tyler Durden
    Tyler Durden 12/01/2014After last night's big flush across commodities, they have rallied notably. Gold is now up over $50 from those lows, with Silver, copper, and even crude bouncing hard (after testing below $64 overnight). The USD is notably weaker, stocks lower, and bond yields testing mid-October flash-crash Bullard lows...(snip)
  • OIL GIANT WARNS: Crude Could Crash To $30

    11/30/2014 6:03:03 PM PST · by blam · 109 replies
    Financial Post businessinsider.com ^ | 11-30-2014 | Claudia Cattaneo, Financial Post; Myles Udland
    Myles Udland November 30, 2014More than 50% lower. That is how far Canadian billionaire Murray Edwards, chairman of Canadian Natural Resource, thinks oil prices can fall from here. Speaking with Canadian business publication Financial Post, Edwards said, "Prices could spike down to $30, $40. It got down to $35 in 2008, for a very short period of time." Edwards told Financial Post's Claudia Cattaneo that, "On a given day you can have market fluctuations where prices fluctuate far more than the underlying economic value of the unit," adding that if oil falls to $30 or $40 a barrel he doesn't...
  • OIL IS CRASHING ($68.90 Bl)

    11/27/2014 10:13:07 AM PST · by blam · 135 replies
    BI ^ | 11-27-2014 | Myles Udland
    Myles Udland November 27, 2014Crude oil just broke $70 for the first time since June 2010. West Texas Intermediate crude futures are below $70 after Thursday's OPEC meeting resulted in the oil cartel announcing that it will not cut production. On Thursday, WTI futures were down as low as $68.90, a more than 6% decline in the last 24 hours following the news. (snip)
  • 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 yesterday’s price action change anything? Let’s take a look (charts courtesy of http://stockcharts.com). 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. Butler’s 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 Café Américain
    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 it’s 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...