Commodities

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(H/T to AP at Hotair.com) This movie, if it caught on in the Media would ruin Obama’s chances of being elected President. Trailer 1: Trailer 2: Wow…. I don’t think Barry will have to worry about snipers. He’d better worry about this movie. Technorati Tags: 9/11, AIDS, Abortion, Afghanistan, Africa, Al Gore, Al Sharpton, Alberto Gonzales, America, Ann Arbor, Ann Coulter, Announcements, Ashcoft, Associated Press, Autos, BEIJING, BEIJING OLYMPICS, Barack Obama, Bias, Biden, Bill Clinton,

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Investors in energy markets are nervously watching the path of Gustav, the tropical storm that’s expected to hit the Gulf Coast early next week, threatening offshore oil and natural gas facilities. As Gustav, recently downgraded to a tropical storm but likely to be upgraded to hurricane status again, slowly approaches the U.S., a rally is slowly developing in the crude oil and natural gas markets. However, unless this storm devastates the Gulf Coast in a way similar to Hurricane Katrina in

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MarketBeat wrote an interesting post today on
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6 Golden Investments for a Commodities 0 The recent declines in the gold price have caused a huge amount of air to whoosh out of gold share prices, to the extent that they now represent pretty good value. Barrick Gold Corp. (ABX) is a Canadian company, with mostly North American production, plus some in South America and Africa, and copper and zinc add-ons. With a market capitalization of $29 billion, this firm has plenty of liquidity. It has a trailing Price/Earnings (P/E) ratio (on last

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MarketBeat wrote an interesting post today on
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Very early guidance, as Gustav has yet to enter the Gulf of Mexico, but computer models are pointing at the Louisiana coast, with a trend towards New Orleans and nearby Mississippi.  Landfall anywhere is bad, but this current forecasted path makes my heart and stomach sink a little more. In the meantime, oil speculators have gone into fear mode.  My own guess is that if a few more runs from the NHC confirm this morning’s (11AM) forecasted path, expect the speculative fear to go into full panic

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DelawarePolitics.net wrote an interesting post today on
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Gold must hold $800 chart support to rally again (Reuters via Yahoo! UK & Ireland News) August 27th, 2008 After the widespread sell-off in commodities, gold must hold above the key $800 support level to have a shot at resuming its long-term bull run, technical analysts say. Posted in Technical Analysis | No Comments » « Older Entries Tagsbreak-out buy charting charts Commodities currencies currency Dow Jones elliott wave EUR euro Fibonacci forex Fundamentals Futures fx

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Technical Analysis Trading wrote an interesting post today on
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Ever see that show on The Learning Channel called Trading Spaces? It has two neighbors swap houses for a couple days to remodel each other’s rooms. There have been some surprising results, from an all black room (which was not what the owners had in mind) to wonderfully tasteful decor. That’s why it’ll be interesting when two countries swap sectors: the UK could be the next oil frontier and Dubai could be the next major hotel owner in Europe. Let’s start with the more unusual of the two… The

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India spot gold rises 1.7 percent on global cues amid strong domestic demand Posted by naatmad on Wednesday, 27 August, 2008 MUMNBAI (Thomson Financial) - India spot gold prices closed 1.7 percent higher on Wednesday, tracking global cues and amid strong physical buying support in domestic market. Gold prices rose in Europe too, tracking gains in oil, as the dollar retreated from the six-month high it hit Wednesday. Traders are awaiting a spate of U.S. and European economic data due out late

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[Technorati] Tag results for commodities wrote an interesting post today on
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Gold finished trading in New York yesterday at $822.40, up $3.10 and silver was up 22 cents to $13.58. Gold and silver rallied in Asian and in early European trading this morning. Gold is trading at $832.30/832.70 per ounce (1100 GMT). Gold is showing strength again with the dollar giving up yesterday’s gains (above EUR/USD 1.472 and far from yesterday’s six month high to the euro of 1.4570) and oil firming again on hurricane fears in the Gulf of Mexico. visit site to read more] Article Publ

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Technical Analysis Trading wrote an interesting post today on
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I’ve been mentioning Valero (VLO) lately as a nice trade.  It’s up about 5% this morning and I think it has more to go.  We may start to get some serious traction if it goes above its 50-day moving average which has basically been the place this year all rallies have stalled. 

My target would be somewhere between $40-$45 per share.  That would be the logical place for the rally to stop.  Also, we need some volume to come in similar to the May rally.
If hurricane Gustav really picks up steam and oil jumps $10 per barrel, that could delay Valero’s run.  But, for now, I’m holding mine.

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Using terrorism to gauge oil’s impact Comments (4) Posted by: Jeremy Gaunt Tags: Global Investing, commodities, economy, energy, investment, oil, recession, terrorism Do oil price spikes cause recessions? It is a controversial question and one that is very much a propos. It is all very chicken-and-egg, of course. If oil is soaring because of overheating economic demand, is it the demand or the ensuing rise in oil prices that causes the crash?

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