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COMMODITIES

The Wire

Gold ekes out small gain, other metals hold steady

Gold prices finished higher for a sixth straight day Friday, rising even as the dollar strengthened.

Gold, silver, copper hit new highs as dollar falls

Gold hit another record Wednesday, while silver and copper soared to their highest levels in more than a year as investors continued to move out of dollars.

Commodities little changed as dollar steadies

Commodities prices stalled Tuesday as investors got little direction from the dollar, which has been a major force behind trading in recent weeks.

India's gold buying pushes metal to new high

Gold prices surged to a new high Tuesday on news that India's central bank bought $6.7 billion worth of gold from the International Monetary Fund.

Commodities reverse early gains as dollar rises

A strengthening dollar choked off an early advance in gold, copper, oil and other commodities Monday, sending futures prices tumbling.

Commodities resume climb as dollar weakens

The dollar resumed its fall against other currencies Monday, lifting commodities like gold, copper and oil.

Gold, other metals gain ground as dollar falls

Gold and other metals gained ground Monday as both the dollar and the British pound weakened.

Gold inches higher, other commodities fall

A disappointing jobs report sapped demand for most commodities Friday, but gold prices eked out a small gain as the dollar weakened.

Gold, silver falter for 3rd day; oil turns higher

Gold and silver prices fell for a third straight day Friday, even after the dollar reversed early gains and slid lower.

Gold, other metals slip for second straight day

Gold and other metals slipped for the second straight day, along with most other commodities, as stocks and the U.S. dollar both posted gains Friday.

Gold pulls back after topping $1,000 an ounce

Metals prices pulled back Wednesday as investors locked in profits from a rally a day earlier.

Gold hits 3-month high, other metals follow higher

Gold prices surged Wednesday, breaking out of a narrow trading range that has been a constraint for months.

Metals mixed as dollar falls; Oil drops sharply

A weaker dollar helped lift gold and other precious metals Tuesday, but industrial metals and oil prices slumped.

Investors sell off commodities; silver sinks 5 pct

Commodities prices sank across the board Monday as investors sought safer assets on fears that consumers' reluctance to spend is will stymie the economic recovery.

Gold slips on stronger dollar, other metals rise

A surprisingly strong employment report sent the dollar rising and gold prices falling Friday, while other metals advanced as investors bet that a stronger U.S. economy will mean a jump in demand for basic materials.

Broad rally in commodities sparked by weak dollar

Traders are sending commodities prices higher, adding oil, copper and soybeans futures to their portfolios as the dollar sinks to fresh lows.

Gold, other metals hold steady after recent gains

Prices for gold and other metals were little changed during quiet trading Friday as investors squared positions ahead of the weekend following recent gains.

Gold, other metals up slightly amid mixed earnings

Gold and other metals rose slightly in a quiet day of trading Friday amid a mixed bag of earnings reports.

Commodities higher as stocks soar, dollar falls

Surging stocks, a weaker dollar and a higher-than-expected reading on inflation set the stage for higher commodity prices Wednesday.

Commodities slide on doubts about economic rebound

A slide in metals and energy prices continued Wednesday amid growing anxiety about the potential for a quick and robust economic recovery.

Gold, other metals rebound on falling dollar

Prices for gold and other metals rebounded Wednesday as the dollar lost ground against other major currencies.

Commodity prices rebound on dollar weakness

Commodity prices rebounded Tuesday from a sharp sell-off the day before as the dollar resumed its descent against other major currencies.

Gold prices inch higher as dollar falls

Precious metals pushed higher Tuesday as the dollar lost some of its recent footing against other major currencies. Oil and base metals finished lower following a bleak report on industrial production.

Gold, other commodities rebound as dollar declines

Gold and other commodities recouped some of their losses on Tuesday as the dollar slipped against other currencies.

More weakness in dollar supports gold prices

Gold prices are moderately higher, supported by more weakness in the U.S. dollar.

The Vine
Wages falling; the prices of imported goods are rising
Source: RGJ.com

Everyone remembers oil prices near $150 per barrel (July 2008). The price of natural gas peaked about then (June 2008) at $61.90/million BTUs. By mid-February, the prices of both of these commodities had fallen about 70 percent. But, since then, their prices have diverged.

Crash Course: Oil Speculators to be Curbed?
Source: citypaper.com

The world is awash in oil and dues to oil speculators oil is at an unnatural high of $70this greed impeding an economic recovery here in the U.S.

CFTC and SEC Chairmen Issue Update on Harmonization Report
Source: CFTC.gov

Washington, DC – The Chairmen of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) announced today that they anticipate, in two weeks, the two agencies will issue a report that will address key areas in which their regulatory sche …

No Economic Recovery in Sight: More Financial Chaos Ahead
Source: dprogram.net

No Economic Recovery in Sight: More Financial Chaos Ahead By Bob Chapman, The International Forecaster (reposted on DProgram.net)

Goldman Sachs Predicts Oil to Rise Near $150 a Barrel
Source: Business Insider

Goldman Sachs predicts that due to supply destruction, the recovery of the global economy will cause oil prices to spike to where they were in 2008.

Crude oil supply far outstrips motorist demand, analysts say - Los Angeles Times
Source: The L.A. Times

California could see $2.75 a gallon -- and the nation $2.50 a gallon or less -- before July is over. Supplies are growing as people are staying off the road even with the summer driving season underwa

Corn Traders' Cry: 'Get Me Out of Here'
Source: Wall Street Journal

CHICAGO -- U.S. farmers planted the second-largest amount of land to corn in more than 60 years this spring, the Agriculture Department said, sending futures prices down sharply.

Angie's Stocks & Commodities
Source: sureba67.wordpress.com

GBPJPY Analysis

Green shoots
Source: The Economist

No matter how bad things get, people still need to eat.

Recession risks financial 'tsunami'
Source: BBC News

In the frenetic political preparations ahead of the forthcoming G20 summit, there has been much talk of international co-operation to tackle the financial crisis. But if you talk to insiders in the policy debate, you quickly realise there are two rival conversations going on.

Wrestling Sovereign State Economics from the unconstitutional FED.Issuance of State Notes.Getting Back to the Constitution.Reasserting State Sovereignty.

A possible solution to State Solvency.Truth. Document 100.1.3.2.0 31 of 39........ "The high office of the President has been used to foment a plot to destroy the Americans freedom and before I leave office I must inform the Citizen of his plight." PRESIDENT JOHN F.

Russia invites Iran to sell oil at Petersburg commodity exchange
Source: en.rian.ru

Russia has invited Iran to sell crude oil on the St. Petersburg Commodity Exchange, the Russian energy minister said on Monday.

Government Duplicity Unearthed

It's been no secret that the U.S. Government and the Fed have used the U.S. Dollar as a manipulative tool since World War II and the ascendency of the U.S. Dollar as the world's reserve currency. Massive quantities of totally unbacked "fiat" U.S.

With Cash to Spend, China Starts Investing Globally - NYTimes.com
Source: The New York Times

China is acquiring aluminum and zinc mining and oil supply contracts in an orgy of buying around the globe. Looks like China will have plenty of "pot metal" if we outsource US coin minting to them. Good news in all this is they are paying with their hoard of US dollars.

Minnesotan Mini-Madoff Turns Self In

It was the ultimate home-based business, but it all crumbled into nothing when the man running it decided to turn himself in. The Minnesotan turned himself in for running a Ponzi scheme that netted him $5.5 million dollars. Charles E.

AK Steel Announces Surcharges for Electrical and Stainless Steels
Source: news.prnewswire.com

AK Steel (NYSE: AKS) has advised its customers that a $165 per ton surcharge will be added to invoices for electrical steel products shipped in March 2009.

Bartering for Food
Source: FT.com

Vietnam, Malaysia, Russia, and Morocco are all implicated in signed deals with other governments to secure shipments of precious food commodities. Some contracts are estimated to be worth hundreds of millions of dollars.

"It's not like before............"
Source: Brasscheck T.V.

These aren't two hippies railing against the system. This is one of most insightful mathematicians and one of the most accomplished options traders of our time.

Oil rebounds in post-Xmas trade
Source: Fin24

[Excerpt:] - SINGAPORE - World oil prices rebounded in Asian trade on Friday after tumbling to four-year lows before the Christmas break, with economic gloom weighing on the market, analysts said.

Oil prices fall to 3½-year lows...wholesale gas just above a buck
Source: FT.com

The fall to Tuesday's low of $46.82 a barrel from July's record high of $147.27 has prompted a dramatic drop in wholesale costs for oil products such as petrol and heating oil.

What Jim Rogers thinks you should buy now
Source: MoneyWeek

Famed investor Jim Rogers believes commodities will rebound a lot quicker than shares. So where does he think you should be investing now – and is he right?

Commodities Head for Worst Month in 52 Years as Economies Slow
Source: Bloomberg.com

Commodities headed for their worst month since at least 1956 on concern that a slump in global economic growth will sap demand for raw materials.

Into the storm:How the emerging world copes with the tempest will affect the world economy and politics for a long time
Source: The Economist

FOR much of the past year the fast-growing economies of the emerging world watched the Western financial hurricane from afar. Their own banks held few of the mortgage-based assets that undid the rich world's financial firms.

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