Commodities
Merrill Lynch Not So Bullish
After Citigroup announced large write-downs earlier this week, Wall Street investment bank Merrill Lynch has announced further write-downs exceeding expectations.
In November Merril Lynch CEO Stanley O’Neal left the company after the investment bank made losses in excess of $2bn. Today the bank announced record losses after writing down $15bn. The company lost almost half of [...]
Dollar Woes Continue
The USD decline continued today following disappointing results in the US NFP and US unemployment figures. Analysts are expecting the Federal Reserve to make further interest rate cuts to help bolster the economy.
A Shaky Start to 2008
The USD has stumbled into 2008 after a temporary rally against the Euro towards the end of December. There [...]
Gold Rally Continues
Following on from yesterday, Gold continued to rally. The trend has continued today as traders use the commodity as a hedge against inflation worries in the US economy.
It is expected that the Federal Reserve will make further interest rate cuts to revive the slowing economy. “People are still nervous about the dollar. We are seeing [...]
Gold Highest Since 1980
Commodity traders have sent Gold higher, after a shaky start to 2008 for the US Dollar. In response to the USD decline, traders have hedged against inflation by trading Gold futures.
Gold reached a high of $852.30, in comparison to a record high of $873 in January 1980. The bullish rally for Gold has continued for [...]
Commodities Outlook 2008
In recent years the commodity market has become a hot topic for futures and options traders.
Boom or Bust?
Recent years have seen an increased demand for energy and base metals such as copper and aluminium. However, a decline in the price of these commodities recently has led analysts to predict a fall in value for this [...]
Gold Looking Bearish
With last weeks bullish performance of the US Dollar against the Euro, we have now seen a fall in the value of Gold. The performance of the USD has an inverse effect on the value of Gold.
Looking at the Technicals
The daily chart shows the head and shoulders pattern for GDX. The blue line indicates the [...]
Oil Above $92
Speculation that the Federal Reserve increase liquidity by providing cash to banks has led to a rise in the price of oil. This increase in oil price appears to be based on an expected increase in US energy demands.
“Oil and gold prices rallied strongly on Wednesday following news that central banks planned to co-ordinated their [...]
Oil to Remain Priced in Dollars
There has been much discussion in recent months regarding the continuing slide in the value of the USD. Much speculation in the global currency/commodities markets suggested a switch to a more valuable currency for pricing barrels of crude oil. Members of OPEC showed a keen interest in pricing oil in something other than the [...]
Expected Fall in Crude Oil Price
Next week look for a fall in the price of crude oil. Many analysts are predicting a fall based on the economic woes in the US.
The slow-down in the US economy means analysts expect a reduction in US energy demands, thus lowering the price of crude oil. “Crude oil for January delivery fell $1.38, [...]
