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Gold Rallies To Record, A Whisper From $1,400Nov. 5, 2010, 3:30 p.m. EDT Silver’s at 30-year high; copper at its best in more than two years.Gold, silver surge as Fed move punishes dollar. SAN FRANCISCO (MarketWatch) — Gold futures rallied to a fresh record high Friday, settling less than $3 away from $1,400 an ounce a day after their biggest one-day gain in nearly 20 months. Gold for December delivery /quotes/comstock/21e!f:gc\z10 (GCZ10 1,394, +10.80, +0.78%) added $14.60, or 1.1%, to $1,397.70 an ounce on the Comex division of New York Mercantile Exchange. Silver and copper also hit historic high marks....

Gold Jumps $50 In 21 Hours As Fed Devalues The Dollar With $600bn QE2 Commodities / Gold and Silver 2010 Nov 04, 2010 - 09:28 AM By: Adrian Ash THE PRICE OF GOLD in wholesale dealing leapt at the start of US trading on Thursday, extending an overnight rise to within 0.5% of last month's record highs – and gaining $50 per ounce inside 21 hours – as the US Dollar sank in response to the Federal Reserve's hotly-anticipated "QEII" asset purchase program. "Currency devaluation remains firmly en vogue," said one London bullion dealer this morning. The weakening Dollar "is...

DOLLAR WEAK, COMMODITIES UP: Commodities chalked up broad gains as the dollar weakened and investors sought some protection against the prospect of inflation. GOLDEN RECORD: Gold set another record high as investors sought it out for its reputation as a safer risk during uncertain economic times. Silver prices rose 6.2 percent.

Stocks Surge, And Everyone Is Terrified As Hell: Here's What You Need To Know Joe Weisenthal Nov. 4, 2010, 4:00 PM A mini taste of Zimbabwe today? It kind of felt like it: But first, the scoreboard: Dow: +222 NASDAQ: +35 S&P 500: +23 And now, the top stories: * Well, obviously "today" started yesterday at 2:15 PM ET when the Fed announced its quantitative easing initiative. What's funny is that it didn't actually move the markets all that much (after some initial chaotic trading). Click here for a refresh on that. * But stocks surged higher in Japan last...

About the only commodity markets that were lower today were the feeder cattle and natural gas markets. Corn is back at levels last seen in August 2008. Soybeans are working at reaching the $13 level while wheat is above $7 once again. Cotton is once again limit up as it continues to trounce one record after another and is now well above levels last seen when Rhett Butler was running Yankee blockages during the era portrayed by “Gone with the Wind”. (We are organizing a raid on neighborhood clothes lines where a rich stash of cotton underwear and T shirts...

Societe Generale: The Commodity Rally Will End Because The ISM Manufacturing Index Will Soon Plummet Vincent Fernando, CFA Nov. 1, 2010, 9:21 AM The U.S. ISM manufacturing index for October is set to be released at 10:00 AM this morning, and the market is expecting a reading of 54 according to Finviz, which indicates continued expansion. It's a good time however to remind ourselves that even if the ISM meets expectations today, there are those who expect a sharp drop in the index by year-end. Take Societe Generale, for example, whose Alain Bokobza warns the ISM could hit 48 by...

Gold Never Has Been (And Never Will Be) In A Bubble By Nathan Lewis 10/30/10 Binghamton, New York – Most serious gold investors follow a basic principle: that gold is stable in value. Changes in the “gold price” represent changes in the currency being compared to gold, while gold itself is essentially inert. This is why gold was used as a monetary foundation for literally thousands of years. You want money to be stable in value. The simplest way to accomplish this was to link it to gold. Today, we summarize this quality by saying that “gold is money.” From...

The Food Shock Of 2011 By Addison Wiggin 10/26/10 Baltimore, Maryland – Every month, JP Morgan Chase dispatches a researcher to several supermarkets in Virginia. The task – to comparison shop for 31 items. In July, the firm’s personal shopper came back with a stunning report: Wal-Mart had raised its prices 5.8% during the previous month. More significantly, its prices were approaching the levels of competing stores run by Kroger and Safeway. The “low-price leader” still holds its title, but by a noticeably slimmer margin. Within this tale lie several lessons you can put to work to make money. And...

Guaranteed Hyperinflation: Expect Another Big Year for Precious Metals by: Hyperinflation October 24, 2010 Earlier this year, the senate passed a 1.1 trillion dollar increase in government spending, increasing the budget for healthcare, education, law enforcement and defense, among other appropriations. If our mounting record budget deficits weren't enough, the proposed increase in our already dangerously large debt ceiling (13.3 trillion) will most certainly have catastrophic consequences in the near future. The new ceiling will be approximately 14 trillion, a number that will be reached by early to mid-2011 if debt accumulation continues at the rate seen in 2009-2010. We...

And The Result Of The G20 Talks Is... The Dollar Is Tanking, And Gold Is Rallying Joe Weisenthal Oct. 24, 2010, 8:55 PM | Same-old same-old! Here's the euro surging against the dollar. Gold, meanwhile, is back up to $1337. Early Friday morning it was as low as $1314.

Shield Your Eyes: The Gold Plunge Is Continuing Joe Weisenthal Oct. 22, 2010, 4:00 AM After yesterday's bloodbath, these last few hours have brought on more of the same pain for gold bulls.[snip]

Gold And Silver Are Getting Crushed Joe Weisenthal Oct. 17, 2010, 8:46 PM A rough start to the week for precious metal bulls. Both gold and silver are off pretty sharply -- silver especially, which is not surprising, because it's surge has been even more meteoric than gold's. Below is a look at silver futures going back a few days. The interesting thing is that both metals had a sharp knee-jerk up-move on Friday when Bernanke spoke, and then sold off instantly, and have been trending down post-speech. Obviously it's early, but... when precious metals sink after a Bernanke speech...

Felix Zulauf: Any Correction In Gold Is A Buying Opportunity For The Next Ten Years Gus Lubin Oct. 17, 2010, 2:24 PM Famed investor Felix Zulauf nailed the 2009 rally and has predicted a secular bear market beginning in 2010. Yesterday he warned of inflation in a must-listen interview at King World News. Zulauf is still bullish on gold: "The secular case is as solid as it has been for the last few years and that will continue. The only question is whether we will have some interim corrections or not, and corrections are here not to sell but to...

...In some totally and completely unrelated news, the CME Group announced today that it would begin listing and trading RAINFALL futures on November 1 of this year. Yep – you heard it right – now you can bet on whether or not it will rain and maybe make money doing it! Poor Tom Skilling (Chicago’s premier meteorologist whose every word is hung upon by grain traders from about April onward through August). Now almost as soon as he utters his forecasts, the hedge fund algorithms will be slamming the rain futures market before he even gets to go to put...

Is The Deflation Trade About To Collapse Into A Giant Putrid Sinkhole? Joe Weisenthal Oct. 14, 2010, 9:51 AM Sorry, "Giant Putrid Sinkhole" is the artful phrase a reader -- who sent us the following charts -- used to do describe the brewing fears ahead of the big November QE. Maybe it's the brewing signs of inflation, and the fear that the Fed may get QE cold feet that's causing yields on the 30-year to pierce through a downtrend. Of course, if you look to commodities for evidence of inflation, well then it's a big "no duh" -- of course...

Commodities Are Sizzling, Risks Are Building by: Daniel Moser October 13, 2010 Practically all risk assets, and even many “risk-off” assets, have enjoyed extraordinary performance in the past month–maybe even too much. Jim Cramer, like him or not, coined the saying, “bulls make money; bears make money; pigs get slaughtered”. It would appear prudent to print out those words of wisdom and tape it to your computer screens for at least the next few weeks. A substantial portion of the gains in the last month seem most attributable to the prospects for additional quantitative easing. There has been some degree...

Is $10,000 Gold Merely An Interim Projection? Jeff Nielson October 13, 2010 For obvious reasons, there are few questions asked as regularly of precious metals commentators as “how high do you think the price of gold and/or silver can rise?” Before I look at what is implied when people ask that question, I will discuss the answers to that question – and what is implied by these estimates. The starting-point is to go back to when the bull market began for precious metals, at roughly the turn of the millenium. At that time, the small number of informed, precious metals...

...On the food price front – corn finally moved lower today after reaching a peak of $5.88/bushel. If this was not high enough, news that the “far seeing” Administration will announce an increase in the amount of ethanol allowed in gasoline blends from the current 10% to 15% was met with strong opposition from just about everyone except for ethanol industry ( no surprise there). Even the National Resources Defense Council, an environmental group, voiced opposition to the move saying that it posed serious risks to, “engines, wildlife, water and the air”. That in itself is remarkable considering most environmental...

...Incidentally, those of you interested in watching the moves in food prices should know that corn hit its expanded limit to the upside in overnight trade before setting back some. It reached $5.73 bushel and is not far from putting a handle of “6” on itself. Soybeans are nearing $12 with wheat above $7.00. Once again cotton hit limit up as its price continues getting ridiculously high yet there appears to be no end in sight to the buyers. Analysts are blaming it on China which is buying up all the cotton it can get its hand on and which...

Good morning freepers. I watch the markets as I am sure a lot of freepers do. I have been interested in silver and other commodities but don't know how to go about investing in them. I have a 401 K but of course it is in the market not in commodities so I would like to diversify. Does anyone out there have any advice on how to go about investing (I would like to do it online)? I would also appreciate any lessons learned if you feel like sharing. Have a wonderful morning.