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Gold and Deflation
Monday, 16 Aug, 20102010-08-16T15:41:17Zl, j M, Y10:412010-08-16T15:41:17ZG:i | No Comment
Gold and Deflation

I have been speaking and writing about gold’s appeal in a deflationary environment – this is a concept that opposes the conventional opinion that the gold price will not rise without inflation.
Those …

Ancient Gold, Modern Value
Thursday, 12 Aug, 20102010-08-12T19:39:51Zl, j M, Y14:392010-08-12T19:39:51ZG:i | No Comment
Ancient Gold, Modern Value

2,200-year-old gold coin was found recently in northern Israel. No, this isn’t one of those radio commercials you hear all the time about a surprising discovery of a stash of rare gold coins …

Ready, Set, Gold: Best Months Are Just Ahead
Monday, 9 Aug, 20102010-08-09T14:49:40Zl, j M, Y9:492010-08-09T14:49:40ZG:i | No Comment
Ready, Set, Gold: Best Months Are Just Ahead

Global economic conditions are now favorable for gold as a safe-haven investment. The U.S., Western Europe and Japan are close to buckling under the weight of their sovereign debt loads, government budget …

Peter Schiff Talks Gold
Friday, 6 Aug, 20102010-08-06T13:39:49Zl, j M, Y8:392010-08-06T13:39:49ZG:i | No Comment
Peter Schiff Talks Gold

As gold hovers near $1,200 an ounce and pundits speculate about a ‘gold bubble’, it’s important for investors to remember that a mere decade ago the picture was very different. In the year 2000, gold …

Wheat Continues to Surge as Russian Droughts Drive Prices
Tuesday, 3 Aug, 20102010-08-03T18:59:35Zl, j M, Y13:592010-08-03T18:59:35ZG:i | No Comment
Wheat Continues to Surge as Russian Droughts Drive Prices

Two and a half weeks ago I mentioned that wheat was flying.  This subindex below was priced at just over $20.  Yesterday it was actually making a run for $25, and well into …

Is the Gold Rush Over?
Wednesday, 7 Jul, 20102010-07-07T18:18:19Zl, j M, Y13:182010-07-07T18:18:19ZG:i | No Comment
Is the Gold Rush Over?

I appeared on CNBC’s “Street Signs” yesterday to discuss why I think the gold market is just taking a breather from a gradual move higher.
Host Erin Burnett pointed to the people who’ve embraced gold for …

$100 Oil: Sooner Than You Think
Monday, 5 Jul, 20102010-07-05T15:02:12Zl, j M, Y10:022010-07-05T15:02:12ZG:i | No Comment
$100 Oil: Sooner Than You Think

Sentiment in the crude oil market has been quite pessimistic lately after some disappointing economic data fueling fear over the strength of the U.S. recovery, and signs of a possible China slowdown. This is on …

Drunk British Trader Moves Oil $1.65 Single Handedly
Thursday, 1 Jul, 20102010-07-01T14:39:16Zl, j M, Y9:392010-07-01T14:39:16ZG:i | No Comment
Drunk British Trader Moves Oil $1.65 Single Handedly

Ah the commodities futures market … a place where supply and demand come together, leading to market clearing prices based on good old fashioned economics.  Not.
A couple interesting tidbits from this piece.  First, it continues …

Curious Move in United States Oil Fund (USO)
Saturday, 26 Jun, 20102010-06-26T22:45:01Zl, j M, Y17:452010-06-26T22:45:01ZG:i | No Comment
Curious Move in United States Oil Fund (USO)

United States Oil Fund (USO) was a big mover on Friday jumping 3.69% to $35.65, outperforming other ETFs. The fund was trading in the negative territory for the most part in the morning, but spiked …

Steel Supports Recovery
Thursday, 24 Jun, 20102010-06-24T22:07:36Zl, j M, Y17:072010-06-24T22:07:36ZG:i | No Comment
Steel Supports Recovery

One good way to measure the strength of the global recovery is with a steel yardstick.
At 124 million metric tons, global crude steel output last month was up 29 percent year over year due to …

Graham Summers – Will Gold Miners Act Like Stocks or Gold During the Crash?
Thursday, 24 Jun, 20102010-06-24T19:05:06Zl, j M, Y14:052010-06-24T19:05:06ZG:i | No Comment
Graham Summers – Will Gold Miners Act Like Stocks or Gold During the Crash?

Graham writes newsletters for his company, Phoenix Capital Research. I have followed Graham’s writing for quite some time and have found his knowledge to be both deep and consistent. He is not a “willow in …

How a Drilling Ban Hurts the Little Guys
Friday, 18 Jun, 20102010-06-18T22:19:50Zl, j M, Y17:192010-06-18T22:19:50ZG:i | No Comment
How a Drilling Ban Hurts the Little Guys

While the world waits for oil to stop gushing from the ocean floor, a large group of Americans are waiting to go back to work.
Offshore drilling has been shut down since the Deepwater Horizon accident …

Vietnam and Gold
Thursday, 17 Jun, 20102010-06-17T22:03:39Zl, j M, Y17:032010-06-17T22:03:39ZG:i | No Comment
Vietnam and Gold

Many Asian countries have strong affinity for gold, with Vietnam apparently at the top of the list. On a per-capita-income basis, Vietnam consumes twice as much gold as India and 10 times that of China.
Vietnam’s …

My Energy Policy
Friday, 11 Jun, 20102010-06-11T15:10:25Zl, j M, Y10:102010-06-11T15:10:25ZG:i | No Comment
My Energy Policy

After yesterday’s bullish close, I was hoping that we might see something that’s been extremely rare lately: two consecutive up days.
The S&P 500 actually added 3 points on June 3, the day after an impressive …

Platts survey: OPEC pumps 29.28 million barrels of oil per day in May
Thursday, 10 Jun, 20102010-06-11T03:12:31Zl, j M, Y22:122010-06-11T03:12:31ZG:i | No Comment
Platts survey: OPEC pumps 29.28 million barrels of oil per day in May

The 12-member Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production output averaged 29.28 million barrels per day (b/d) in May, up 70,000 b/d from an estimated 29.21 million b/d in April, according to …

China’s Thirst of Any Commodity that Moves Leads to Thawing of Relations with Russia
Thursday, 10 Jun, 20102010-06-10T19:28:52Zl, j M, Y14:282010-06-10T19:28:52ZG:i | No Comment
China’s Thirst of Any Commodity that Moves Leads to Thawing of Relations with Russia

China is now the world’s great locust… hopping from land to land in hopes of ever more commodity resources to placate its massive demands for growth:  Australia, Brazil, Canada, Africa, Southeast Asia, and now even …

Commodities: Time To Go Long and Physical
Thursday, 3 Jun, 20102010-06-03T10:23:34Zl, j M, Y5:232010-06-03T10:23:34ZG:i | No Comment
Commodities: Time To Go Long and Physical

Deutsche Bank AG recently noted that commodities will continue to “struggle” as the dollar strengthens and China seeks to restrain growth.  Looking at the recent performance between the CRB index, S&P 500 and …

Natural Gas: Shale-Shocked in North America
Wednesday, 19 May, 20102010-05-20T03:53:28Zl, j M, Y22:532010-05-20T03:53:28ZG:i | No Comment
Natural Gas: Shale-Shocked in North America

Natural gas for June delivery on the NYMEX tumbled 4.24% on Wednesday settling at $4.158/mmbtu. The flaming fuel has rallied 10% this month to an eight-week high of $4.582/mmbtu last week on signs of  …

Bubble Echo in Commodities
Tuesday, 18 May, 20102010-05-18T19:45:56Zl, j M, Y14:452010-05-18T19:45:56ZG:i | No Comment
Bubble Echo in Commodities

Oil is in the news, and the huge gulf spill is giving credence to even higher oil prices – yet oil has dropped. At the same time, despite the flash crash, other commodities have continued …

Why is Copper Melting Down?
Monday, 17 May, 20102010-05-17T22:35:45Zl, j M, Y17:352010-05-17T22:35:45ZG:i | No Comment
Why is Copper Melting Down?

If manufacturing and industrial activity is supposedly picking up in the largest economy in the world, that being the United States, then why is the price of the base metal copper melting down?
Let’s …

Fallout From The Crash: Gold
Friday, 14 May, 20102010-05-15T01:36:52Zl, j M, Y20:362010-05-15T01:36:52ZG:i | One Comment
Fallout From The Crash: Gold

The biggest winner from the crash is gold, which has shot up, especially priced in Euros. The wolfpack of shorts continues to push down the Euro, rushing through the $1.25 level  to the …

My Predictions about Gold
Friday, 14 May, 20102010-05-14T12:39:05Zl, j M, Y7:392010-05-14T12:39:05ZG:i | No Comment
My Predictions about Gold

I received some great emails yesterday – notably a message from Mark I. who suggested buying puts as a way to profit from the tendency for the United States Natural Gas Fund to do nothing …

The Fear Premium of Gold
Friday, 14 May, 20102010-05-14T11:57:46Zl, j M, Y6:572010-05-14T11:57:46ZG:i | No Comment
The Fear Premium of Gold

Gold prices were hitting record highs as gold’s appeal as a safe haven asset exploded. June gold was down 1.1% to settle at $1,229.20 an ounce on Thursday after hitting a record high …

A Bold Prediction
Thursday, 13 May, 20102010-05-13T19:20:26Zl, j M, Y14:202010-05-13T19:20:26ZG:i | No Comment
A Bold Prediction

On Monday, when it was apparent that we were in for a big day as futures went limit up in pre-market, I said I wanted to see a candlestick pattern called “three white soldiers.”
Three white …

Petrochemical Prices Hit Fresh Six-Month Highs in April, Before Finishing Lower
Thursday, 13 May, 20102010-05-13T16:20:47Zl, j M, Y11:202010-05-13T16:20:47ZG:i | No Comment
Petrochemical Prices Hit Fresh Six-Month Highs in April, Before Finishing Lower

The price uptrend in the $2.8 trillion global petrochemicals business continued into early April establishing fresh six-month highs, before giving way to an overall price decline for the month, according to the Platts Global Petrochemical …

Ignore Gold: Here’s the Commodity to Buy NOW
Wednesday, 12 May, 20102010-05-12T19:24:41Zl, j M, Y14:242010-05-12T19:24:41ZG:i | No Comment
Ignore Gold: Here’s the Commodity to Buy NOW

As I said yesterday, I don’t like telling you to buy something when it’s at or above its nominal highs. So, I won’t. With gold now selling for over $1235 an ounce – above its …