Joseph Glenn Commodities Featured Articles

There continues to be no coverage of silver in the non-specialist financial media and little coverage of silver in the specialist financial media. The lack of coverage of silver and consequent “animal spirits” in the silver market is of course bullish from a contrarian perspective. Barclay's estimates that manufacturers will need a 2.5% increase of the metric tons used last year and investment demand continues to grow due to risks posed by both inflation and systemic risks. Silver like gold – cannot go bankrupt and will always have a value. Silver supply shortages are something we and other analysts who are bullish on silver have been warning of for some time. This is because the silver market is small versus the gold market and tiny versus equity, bond, currency and derivative markets. The recent rocketing industrial demand for silver, from solar panels to batteries to medical applications and growing investor demand for coins, and small & large bars is diminishing Tags: silver gold price prediction, silver gold, buy silver and gold, supply and demand imbalance, silver price, bullion price, silver bullion, gold and silver price, gold and silver, Silver, joseph glenn commoditides, Joseph Glenn Commodities, commodities

November 2011 might be remembered most for a political and economic lowlight. On November 21, the Congressional "super committee" of 12 assigned to come up with a plan to reduce the federal deficit simply quit. This paved the way for involuntary cuts of $1.2 trillion in 2013. That prompted a stock market plunge and a Fitch Ratings decision, with the agency changing its U.S. outlook to "negative".   In better news, consumers spent $52.4 billion during the four-day Thanksgiving Day weekend. The National Retail Federation said average shopper shelled out $398.62 in those four days, a new record. Cyber Monday sales rose 22% over 2010 levels to $1.25 billion. The Commerce Department noted that personal spending rose only 0.1% in October; however, personal wages did increase by 0.4%. The federal government's Consumer Price Index also budged north by 0.1% in October with annualized inflation coming in at 3.5% only rose 0.1% for the montday sales rose 33%m some other key economi Tags: investing, precious metals, Platinum, Silver, Gold, Joseph Glenn Commodities

Ratings agency Moody's said a recent rise in interest rates on French government debt and weaker economic growth prospects could be negative for France's credit rating.  "Elevated borrowing costs persisting for an extended period would amplify the fiscal challenges the French government faces amid a deteriorating growth outlook, with negative credit implications," Senior Credit Officer Alexander Kockerbeck said in Moody's Weekly Credit Outlook dated Nov. 21.  France's government spokeswoman reaffirmed on Monday that Paris would not impose a third package of budget savings, despite market pressure on its cost of credit.  Talk of a possible break-up of the 12-year-old single currency has grown among economists and market analysts, mostly outside the euro area, as EU paymaster Germany has rejected most of the widely-touted solutions to the debt crisis. The chairman of Goldman Sachs Asset Management, Jim O'Neill, said the crisis of European economic and monetary unio Tags: Joseph Glenn Commodities, scott p mcmorris, scott patrick mcmorris, jgc, metals, precious metals, investing, Scott McMorris, gold, silver, platinum, palladium

The euro zone's debt crisis struck again at the heart of Europe on Monday despite a clear-cut election victory in Spain for conservatives committed to tougher austerity. Spain's Socialists became the fifth government in the 17-nation single currency area to be toppled by the debt crisis this year. Portugal, Ireland, Italy and Greece went before.  But an absolute parliamentary majority for Mariano Rajoy's center-right Popular Party brought no respite on financial markets increasingly alarmed by the absence of an effective firewall to halt a meltdown on sovereign bond markets.  The risk premiums on Spanish, Italian and French government bonds rose as investors fled to safe-haven German Bunds, while European shares fell more than 2 percent after Moody's warned that France's credit rating faces new dangers.  "This crisis is hitting the core of the euro zone. We should have no illusions about this," European Economic and Monetary Affairs Commissioner Olli Rehn said. H Tags: precious metals, investing, Palladium, Platinum, Silver, Gold, Joseph Glenn, JGC, Joseph Glenn Commodities

On Veterans Day, oil futures settled at $98.99 on the NYMEX after a +5.02% week that saw prices rise $3.25 across Thursday and Friday. Gold prices posted a weekly gain as well: the precious metal gained 1.83% on the COMEX for the week, and thatbrought its 3-week advance to 9.32%. Tags: hedge against inflation, investing, Platinum, Silver, Gold, Pulieri, Joseph Glenn, commodities, JGC, Joseph Glenn Commodities, Jennifer Cappel, Jen Cappel