Commodities: Oil, Metals, Materials Stocks

Copper anyone?

brvynky — Fri, 13 Nov 2009 16:01:37 GMT

Since copper is projected to be $7,125 a ton in 2008 can this be a big boom for your portfolio OR just like the oil and housing market sent to a ridiculous level that can't be sustained then come tumblingback to eart; lossing the proverbial shirt?

At midnight gold was up $ 10.30

corky — Mon, 16 Nov 2009 06:02:14 GMT

Silver is up too . UP .23 and at $ 17.71 USD down .26 and oil was up .89 at 77.24

Gold & Silver are still going up !

corky — Thu, 17 Sep 2009 05:01:14 GMT

Gold is at 1020.70 up $2.40 & silver is up .09 at 17.55 If this keeps up I will need new dancing shoes by the end of the week . BINGO!

Timing is everything with Gold and Silver .

corky — Fri, 13 Nov 2009 06:07:34 GMT

In the last few days , the price of gold and silver are down when the market is open . Then after the bell the price is up , Then 5 min , before the opening bell the price of gold and silver drop . Sunny beaches that just sets my pants on fire , you can not even get on the boat with out sinking right away . I hate it when that happens .

Oil is now above $ 80.00

corky — Thu, 22 Oct 2009 04:54:26 GMT

It has been a long time since I have bought solar stocks and I forgot the symbols and names of them and I did not have them on my watch list anymore . Might be time to start buying them again .

Global demand for basic materials is up overseas

alex42ste — Tue, 27 Oct 2009 05:36:56 GMT

Dow Chemical is currently operating at 78% capacity in the 3rd quarter of 2009. That's up significantly from the demand low of 64% operating capacity of the 4th quarter of 2008. Dow is a leading manufacturer of basic chemicals and basic plastics that are used in making thousands of different products globally.

I bet silver hits 18.00 an oz today.

corky — Mon, 12 Oct 2009 04:23:43 GMT

The metals market opens at 5:00 pm on sundays and silver is up 9 cents now . ask price is 17.85 at 11:25 pm ct . some silver stocks are , PAAS , SSRI , SLV , SLW , SIVR . only 15 cents to go !

Dollar Reaches Breaking Point as Banks Shift Reserves

GCMan — Tue, 13 Oct 2009 13:12:50 GMT

From Bloomberg Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase. World leaders are acting on threats to dump the dollar while the Obama administration shows a willingness to tolerate a weaker currency in an effort to boost exports and the economy as long as it doesn’t drive away the nation’s creditors. The diversification signals that the currency won’t rebound anytime soon after losing 10.3 percent on a trade-weighted basis the past six months, the biggest drop since 1991. “Global central banks are getting more serious about diversification, whereas in the past they used to just talk about it,” said Steven Englander, a former Federal Reserve researcher who is now the chief U.S. currency strategist at Barclays in New York. “It looks like they are really backing away from the dollar.” Sliding Share The dollar’s 37 percent share of new reserves fell from about a 63 percent average since 1999. Englander concluded in a report that the trend “accelerated” in the third quarter. He said in an interview that “for the next couple of months, the forces are still in place” for continued diversification. America’s currency has been under siege as the Treasury sells a record amount of debt to finance a budget deficit that totaled $1.4 trillion in fiscal 2009 ended Sept. 30. Intercontinental Exchange Inc.’s Dollar Index, which tracks the currency’s performance against the euro, yen, pound, Canadian dollar, Swiss franc and Swedish krona, fell to 75.77 last week, the lowest level since August 2008 and down from the high this year of 89.624 on March 4. The index, at 76.104 today, is within six points of its record low reached in March 2008.

Metals

SHOTCALLER — Wed, 16 Sep 2009 02:15:26 GMT

Metals Markets - Comex:
Gold (December 09) gain $5.20, EOD $1,006.30 ($US per Troy ounce)
Silver (December 09) gain $0.38, EOD $17.00 ($US per Troy ounce)
Platinum (October 09) gain $0.60, EOD $1,328.90 ($US per Troy ounce)
Copper (December 09) gain $0.04, EOD $2.85 ($US per pound

Commodities.

Alpine Bravo — Wed, 09 Sep 2009 15:42:40 GMT

I was in Singapore last week, and was fortunate to have dinner with a Chinese Industrialist. We had a very intresting discussion regarding China's again, growing requirements for raw materials and power, the supply of these materials to China, and the future growth of China.

My guest surprised me he said, 'He expected that the input from the USA would diminish over a period of time'. I asked him, 'Why'? He replied 'The instability and operation of the financial institutions and US Stock Markets will inhibit the growth of companies that could provide materials that China requires, and further added, 'He would not be suprised if the US Stock Markets became a minor player in world markets. I asked him if he would care to expand his comments.

His comments follow.

On any trading day in the US Stock Markets, it can be seen that shares of good viable companies are "Short Sold" to extremely low levels, this will afect the companies ability to raise finance for future growth, and the stability of effected companies. The other side of the equation is the "Pump and Dump". Where the shares of a company are low, because the company is generally in poor shape, and could fold. In "Pump and Dump" the shares of the company are artificially raised by financial institutions to extreme values, and then quickly sold off whilst the value of the shares is still high. The shares then quickly return to their original low levels.

It can be seen that the use of the large computor programs used by the financial institutions on the US Stock Markets is having a detrimental effect on the growth of the market. Particuarly where the programs are used to skim the value of a large number of stocks that have that have risen a few cents in the course of a days trading. This practice inhibits the growth and value of US Stock Markets.

I posed the question to my guest. What did he think needs to needs to be done to rectify the problems, with the US Stock Markets? as perceived by him and other Chinese business.

His reply was brief. US Government intervention. Ban "Short Selling" All stocks purchased to be held for a minimum of one or two days, so as to reduce the damage inflicted by the large computor programs used in stock trading.

I trust that you find this of interest.

Signed

Alpine Bravo

Gold is up $15.00 an oz today .

corky — Mon, 05 Oct 2009 18:05:27 GMT

The funny thing about this is ......... It is happening while the market is open , most of the time The big gains happen over night when the stock market is closed . And I am out of buying power too . Bummer !

Gold Expert: Sell, Sell, Sell

InnaD — Tue, 15 Sep 2009 18:26:23 GMT

One of London’s leading gold experts has urged his clients to dump their gold and silver holdings.

John Reade, an analyst at UBS, told investors to erase all their positions until the latest upward price surge ends, Ambrose Evans-Pritchard writes in the London Telegraph. Last week, gold ran up to $1,011 an ounce, not far from 2008’s record high of $1,030.

Gold has climbed amid the dollar’s drop to a one-year low.

Reade says futures contracts on New York's Comex exchange are flashing warning signals. The Comex experienced a surge of 6.4 million ounces in net long contracts last week. Such jumps in the past have on average presaged a 5 percent drop in gold prices over the next month.

"We recommend that nimble investors take profits on any long gold and silver positions, looking to re-enter after a correction," Reade says.

He sees gold slipping to $950 over the next month and then resuming its rally next year.

The last time Comex long contracts approached last week’s levels was in February 2008, when gold hit its record high and then crashed.

Others also see a pause for gold before its next rally.

Kaname Gokon of Okato Shoji told Reuters, “Gold looks like it will stay strong, as there is a general preference for the precious metal. But in order to gain further momentum, we first have to deal with a heavy pile of long U.S. futures positions."

YES ! Silver just hit $17.13 gold is up too !

corky — Wed, 16 Sep 2009 04:32:09 GMT

BINGO ! Now all I want is silver to hit $20.00 an OZ . I sold half of my real stocks today because some profit is better then no profit . Gold is at 1009.00 I hope it keeps going up , up , and up . At the end of NOV the price well drop big time and I will buy the same stocks and hang on to them until this time next year . I am always looking for any info on gold & silver stocks weather it is good or bad so please post any thing ya know .

Gold tops $1,000 as dollar falls again

GCMan — Fri, 11 Sep 2009 14:46:08 GMT

Gold futures rise above $1,000, heading for their fourth weekly gain as the U.S. dollar falls against the euro to a fresh one-year low.

Buck at new lows on Chinese data

GCMan — Fri, 11 Sep 2009 14:43:30 GMT

The Dollar drops to new low after another round of surprisingly strong Chinese economic data boost appetite for riskier assets. Short term good for the market but long term not so good.

All my eggs are in the gold & silver basket again !

corky — Tue, 08 Sep 2009 05:32:11 GMT

Check out all metal quotes on kitco . com . Gold & silver are still going up . here are some symbols to try , AUY , KGC , PAAS , SSRI , JAG , SLW , SLV , SIVR , GG , Gold , Happy trading !

Gold

SHOTCALLER — Thu, 25 Jun 2009 15:24:16 GMT

August gold was slightly lower overnight as it consolidates some of Wednesday's rally. Stochastics and the RSI are turning bullish hinting that a short-term lower might be in or is near. Closes above the 20-day moving average crossing at 949.90 would confirm that a short-term low has been posted. If August extends this month's decline, the reaction low crossing at 882.00 is the next downside target. First resistance is Wednesday's high crossing at 944.40. Second resistance is the 20-day moving average crossing at 949.90. First support is Tuesday's low crossing at 913.20. Second support is the reaction low crossing at 882.00.

SILVER

SHOTCALLER — Sun, 26 Jul 2009 22:39:51 GMT

5 Reasons Silver ETF Is Staying Strong

July 26, 2009 at 1:00 am by Tom Lydon addthis_pub = 'addthis'; var addthis_options = 'email, buzz, digg, delicious, tipd, reddit, stumbleupon, facebook, technorati, google';

Gold exchange traded funds (ETFs) been gobbling up most of the headlines as inflation concerns refuse to abate, but silver ETFs are worth a mention in this recovery climate, too.

But first, the ETF industry has a new player in ETF Securities. They’ve launched the ETFS Silver Trust (SIVR), which holds physical silver. The fund has an expense ratio of 0.30%. This is just the first of several funds for which the provider has filed, and we’ll write about it as it happens.

There are several factor as to why silver might be deserving of a little more attention:

Silver may continue its slow and steady rise to commodity hot shot as industrial demand continues;
A faltering U.S. dollar mixed with high oil prices can give silver a safe-haven appeal;
Silver, known as “the poor man’s gold” can have a role as an inflation hedge, too;
The general perception of silver may eventually move more in line with reality;
As much as 75% of silver’s production comes from gold, copper, lead, and zinc mining, which is why changes in these other industries have a large impact on the price of silver; company stocks have been on the rise, reports Daily Futures on Commodity Online

iShares Silver Trust (SLV) up 20.7% year-to-date

For

Just incase somebody needs them .

corky — Thu, 03 Sep 2009 05:21:01 GMT

Gold and silver stock symbols ......... EGO , ABX , GG , SSRI , PAAS , AUY , SLW , SLV , KGC , JAG , MGN , GLD , are just a few of them . Feel free to add more .

Silver just hit 15.01

corky — Tue, 01 Sep 2009 07:27:49 GMT

I love it !

OIL

SHOTCALLER — Thu, 09 Jul 2009 20:33:45 GMT

OPEC Slashes Oil Investment Forecasts

By BENOIT FAUCON
Of DOW JONES NEWSWIRES

LONDON -- The Organization of Petroleum Exporting Countries on Wednesday gave a fresh warning that its members' appetite for drilling for oil is fizzling. It slashed its five-year forecast for oil-field spending by about a third as the recession and increased energy efficiency led to a steep cut in demand estimates.

OPEC had already said in February that its members had frozen or cancelled 35 longer-term projects. But in its annual outlook report Wednesday, it said that "the estimated OPEC usptream investment requirement for the medium-term over the period 2009-2013 has fallen from $165 billion to around $110-$120 billion."

OPEC is "overreacting but understandably" because of the economic climate and the push to reduce oil consumption, said William Ramsay, director of energy geopolitics at the French Institute of International Relations.

The downward revision is likely to raise new concerns among oil consumers -- first and foremost the International Energy Agency, which has warned that reining in spending on oil-development projects could lead to a supply crunch by 2013. The IEA, which coordinates policies among energy-consuming nations, said in a May report that $170 billion of investment had been delayed or cancelled in OPEC and non-OPEC nations.

The Paris-based agency and OPEC agree that oil prices will continue rising -- after pushing up to $70 a barrel recently -- and they both forecast 2030 demand for oil at about 106 million barrels a day.

That assessment, though, drives them to opposite conclusions. IEA Executive Director Nobuo Tanaka reiterated last month that "huge investment is needed" to meet future Asian demand.

Ramsay, who was deputy executive of the IEA until last year, said OPEC's investment cut, "to my mind, is shortsighted," predicting supply constraints from 2013 and 2014 as India and China exhaust a cushion of extra capacity.

By contrast, OPEC said its "crude oil capacity is nevertheless set to remain at comfortable levels" despite the cuts. Its members have long worried over their spending because speculation on oil futures contracts makes it difficult to predict prices and demand.

But after the fresh bite of the recession and of U.S. and European energy-efficiency laws, the organization says growth in oil demand in developed countries is now over.

In industrialized nations, oil demand is expected to fall continuously through 2030, after reaching a peak in 2005, OPEC said. Emerging markets -- particularly China -- will make up for the decline.

Recovery will gather momentum only gradually, with the economy starting to emerge from the recession by year-end but normal growth not returning until 2012, OPEC said. The statement is at odds with a view held by some in the market that stimulus plans will soon make the economic meltdown history. "The possibility of a lengthier global recession cannot be ruled out," OPEC warned.

The organization also said it sees recent clean-energy laws in the U.S. and Europe having a greater impact than it had assumed last year. The legislation is expected to boost the use of fuel-efficient vehicles and alternatives to oil in order to reduce emissions of greenhouse gases.

The U.S. Energy Independence and Security Act of 2007 is now expected to prompt more biofuel use than OPEC had forecast last year. Meanwhile, the European Union climate and energy package has also been passed into law.

Ramsay said that "if those things (energy-efficiency announcements) are real, then people in the fossil-fuel business will think they are up for a tough time." Factoring these new developments, OPEC cut its global oil demand forecasts by 5.7 million barrels a day for 2013 and by 7.7 million barrels a day for 2030. Crude consumption is still expected to rise by 20 million barrels a day by 2030 and oil is set to remain the main source of energy. But the growth of biofuels, nuclear and coal will outpace oil, whose share in the energy mix will fall to 31% of global needs, down from today's 36%.

OPEC even warned that, based on current trends, "coal could become the dominant fuel by the middle of the century."

The figures have a silver lining for the oil cartel, though. OPEC expects its share of total crude supply to rise from 36% in 2008 to 39% in 2030. Most other estimates, however, put this percentage at a much higher level. In its latest annual energy outlook, the U.S. Energy Information Administration estimates OPEC's output will cover 45% of the world's oil needs two decades from now.

---By Benoit Faucon, Dow Jones Newswires; +44-20-7842-9266; benoit.faucon@dowjones.com

Re: Any Tips?

Alpine Bravo — Sat, 25 Jul 2009 14:47:46 GMT

After my period of time of working in China, many of the releases by the Chinese government when I was there have proven to be true. In May the Chinese govenment were aiming for an 8% increase in GDP. they are now at 7.9%. It is the intention to lay 120,000klm of railway track, plus intrastructure, this work has commenced. Also to lay LPG supply piping through every province in China These projects and other large projects are designed to offset the effects of the global downturn on the Chinese population at large.

My advice look for companies that are, or will be involved in the projects.

I like to preserve my privacy, but suffice to say that I am a professional person, I work in the mining industry as a consultant.

It is worthwhile to look at the uranium mining prospects in West Australia. With the change of State Government there is a positive change of attitude to uranium mining in that state. Fraser Resources have have announced the "Go Ahead" for their uranium project.in West Australia.

I would expect that companies such as BHP Billington, and Rio Tinto will follow suit, and a few of the small "Wild Cat" miners to join the rush

Signed

Alpine Bravo

Oil&China

SHOTCALLER — Sun, 19 Jul 2009 16:18:26 GMT

Oil Rallies Back Toward $70

Oil is above $63 and is heading back toward $70. This time the rise may be on fundamentals and have little to do with speculation. China announced that its GDP rose 7.9% in the second quarter. The world’s most populous nation is going to require significantly increased supplies of crude if that growth rate continues.

COPPER

SHOTCALLER — Wed, 24 Jun 2009 21:00:27 GMT

Is copper back on the move?

FCX had considerable movement with upgrade today.

Coal

indianatrukr — Fri, 19 Jun 2009 11:45:25 GMT

Can anyone give me info as to why coal stocks move in tandem with the price of oil .Nat gas doesnt .