International Business News - Commodities http://www.ibtimes.com/subsection/commodities.htm All articles are copyrighted by IBTimes.com Today's extraordinary loose monetary conditions are "benefiting hard assets," according to James Passin, co-founder and manager of Firebird Global Fund and Firebird Global Fund II. Surplus liquidity is flowing into ETFs that buy commodity futures and physical commodities, which James says, is "creating a feedback loop" that is driving up the price of resources. James discusses gold's momentum, as well as its associated near-term risks and shares some hot companies and sectors he's following in t... http://www.ibtimes.com/articles/20091120/gold-copper-uranium-beryllium.htm Fri, 20 Nov 2009 16:12:25 EST he 12z FRIDAY operational GFS still shows a significant event developing for the eastern portions of the Upper Plains and Midwest 11/23-11/24. The GFS has done a flip flop... again... and now shows a colder pattern for the central and eastern US in the 1st week of DEC. http://www.ibtimes.com/articles/20091120/friday-midday-weather-11-20.htm Fri, 20 Nov 2009 16:04:02 EST The Thursday weekly export sales report put wheat sales last week at a weak 362,000 metric tons, down 12% from the week prior and 13% below our four-week average. Slow demand comes as record-ending stocks keep importers buying hand-to-mouth as needed and last week's rally in-priced of $0.40. After another $0.40 rally, this week was surely going to see weaker export sales on our next report as we become a too-expensive port for wheat. http://www.ibtimes.com/articles/20091120/grain-report.htm Fri, 20 Nov 2009 15:59:19 EST Despite a stronger U.S Dollar today the Gold traders made a late session push and closing over my 1st Resistance level. I believe this is simple speculation that the U.S Dollar will fall back. Globex continued to rally after the (Comex) day session closed. Remember the all-time high is recorded from the Globex... ($1153.40)... http://www.ibtimes.com/articles/20091120/todays-comex-gold-settled90-cents-higher-1146-80.htm Fri, 20 Nov 2009 15:55:13 EST Crude futures have slipped back below our 1st tier downtrend and uptrend lines in reaction to broad-based strength of the Dollar. This week's wave of negatively mixed econ data appears to be taking its toll on riskier investment vehicles, leading investors towards the Dollar and away from crude and equities. The S&P futures have sunk back below their psychological 1100 level and investor uncertainty seems to be picking up a bit. However, despite today's weakness, crude remains above 11/13 lows a... http://www.ibtimes.com/articles/20091120/crude-oil-sells-off-with-strong-dollar-and-weak-equities.htm Fri, 20 Nov 2009 13:13:31 EST Gold is finally experiencing a period of consolidation following its incessant rise to $1150/oz. Gold is consolidating around the $1140/oz level, right along our 3rd tier uptrend lien while setting lower highs in the process. Gold's weakness comes in reaction to pullbacks in the EUR/USD, AUD/USD, and GBP/USD. Additionally, the S&P futures have ducked back below their highly psychological 1100 level. All of these correlative forces are trimming gains and gold and allowing bulls to take a breather... http://www.ibtimes.com/articles/20091120/gold-consolidates-around-1140-oz-with-broad-based-dollar-strength.htm Fri, 20 Nov 2009 13:06:54 EST With the price of gold over $1,150 an ounce and rising, enthusiasm for gold stocks has become pretty intense. And given that Canada is home to a large number of gold mining companies, many of them could actually go bust before an oblivious and uninformed investor manages to get his money out. Are you one of them? http://www.ibtimes.com/articles/20091120/are-yougullible-gold-investor.htm Fri, 20 Nov 2009 10:43:21 EST A more robust gain in the US dollar overnight (rising 0.56 on the index, to 75.82) drew additional sales from gold holders and dented values in crude oil as well as other precious and base metals. The US currency gained ground following cautionary words on the state of economic recovery by ECB President Jean-Claude Trichet. US stock index futures were indicating a drop on the day, and risk appetite appeared to be on the wane this Friday morning. http://www.ibtimes.com/articles/20091120/curb-your-capital-ism.htm Fri, 20 Nov 2009 10:30:50 EST All of the Plains regions as well as the Delta and most of the Deep South for rain free in the last 24 hours. Light to moderate rains have developed over Central Texas in the last several hours... and we have light rain showers lingered across the Great Lakes and Northern ECB. Rainfall amounts here under 0.25" but the coverage was about 75% . http://www.ibtimes.com/articles/20091120/rainfall-last-24-hrs-ending-as-7am-cdt-11-20-09.htm Fri, 20 Nov 2009 10:27:27 EST Bullish on the RBOB (gasoline futures); Livestock traders need to watch for this afternoon's release of the monthly Cattle-On-Feed Report http://www.ibtimes.com/articles/20091120/nov-20-futures-mkt-commentary.htm Fri, 20 Nov 2009 10:13:10 EST Dec. Bonds are currently unchanged at 120'26. We continue to hold the combination of short Dec. Bonds and short the Mar. Bond 115'00 put. Next week I will "roll" the short Dec. Bond futures into the Mar. contract. http://www.ibtimes.com/articles/20091120/trading-recommendations.htm Fri, 20 Nov 2009 10:09:52 EST Dow Jones futures extended overnight losses, as the overseas markets show concern that the recent rally has outpaced the prospects for economic growth. Looking at the charts, I can see the Dow Jones futures reached the reaction line one day before Thursday's projected reversal swing day. The confluence of Time and Price is suggesting the bullish cycle may have peaked. Friday's "trail day" pattern could provide a clue as to the next direction. http://www.ibtimes.com/articles/20091120/swing-trading-report-friday-november-20.htm Fri, 20 Nov 2009 09:44:11 EST The December Corn is trading at 391 1/2 which is down 3 1/2 cents as I write.The range is 399 to 390 1/2. Harvest and lesser yields that have boosted this market can't wave off South american hedging which forced funds to rethink this Bull Market. http://www.ibtimes.com/articles/20091120/south-american-december-corn-harvest-pressure-december-contract-usd-energy-complex.htm Fri, 20 Nov 2009 09:24:12 EST Oil edged lower toward $77 a barrel on Friday, extending a 2 percent drop in the previous session and pressured by a stronger U.S. dollar. http://www.ibtimes.com/data/articleimgs/224439.jpg http://www.ibtimes.com/articles/20091120/oil-slips-towards-77-as-dollar-gains.htm http://www.ibtimes.com/articles/20091120/oil-slips-towards-77-as-dollar-gains.htm Fri, 20 Nov 2009 09:16:03 EST For oil the major support is still $75 and resistance around $83 and it is unlikely that oil can really break out of this trading range until the end of the year. We will see light volume next week so be on guard for some goofiness but the bullish influences of economic policies are being offset by ample supply. http://www.ibtimes.com/articles/20091120/oil-december-contract-gas-turkey-day-end-short-january-crude-from-apprx-8020-long-january-heating-oi.htm Fri, 20 Nov 2009 09:14:58 EST Talk of a “double-dip” in the economy by President Obama pushed gold lower in trading yesterday. The pullback was further compounded by a rally in the US Dollar index, which rallied ever so slightly. http://www.ibtimes.com/articles/20091120/ibtimes-odl-secutities-odl-markets-daily-gold-and-silver-report-nov-20.htm Fri, 20 Nov 2009 08:28:36 EST Oil pulled back in trading as we saw a rebound in the strength of the US dollar. http://www.ibtimes.com/articles/20091120/ibtimes-odl-secutities-odl-markets-daily-oil-report-nov-20.htm Fri, 20 Nov 2009 08:23:09 EST Despite encouraging macroeconomic data, broad-based declines were seen in high-yield assets including commodities and equities. Investors worried that recent rallies have been overextended and have outpaced improvement in global economies. http://www.ibtimes.com/articles/20091120/commodities-equities-wti-crude-comex-gold-philly-fed-index.htm Fri, 20 Nov 2009 08:15:33 EST Oil fell $1 a barrel to below $77 on Friday, pressured by a firmer U.S. dollar and as falling equities raised concern about the economy and the outlook for energy demand. http://www.ibtimes.com/articles/20091120/oil-fallsa-barrel-to-below-77.htm Fri, 20 Nov 2009 07:56:01 EST Gold was unchanged yesterday and remained near record nominal highs as equities fell and the dollar staged a moderate rally. Gold appears to be attempting to consolidate at these higher levels and the unchanged close will encourage the bulls and support is now at $1,130/oz. Gold has moved back up to $1,144.70/oz and remains near record nominal highs in euro and sterling - €770/oz and £690/oz. http://www.ibtimes.com/articles/20091120/gold-silver-platinum-palladium-rhodium-precious-metals.htm Fri, 20 Nov 2009 06:14:51 EST