Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Friday, July 05, 2019

Precious 'Mettle'- Gold Bullish Breakout / Commodities / Gold & Silver 2019

By: The_Gold_Report

Precious metals expert Michael Ballanger discusses the mettle necessary to trade precious metals at this time. "Mettle"—the ability to cope with difficulties or to face a demanding situation in a spirited and resilient way.

Given the performance of my beloved Gold and Gold Miners in the past month, could there have ever been a more fitting word describing our sector than in the word "mettle"? Insert the words "the constant and unrelenting interference by the Fed/Treasury-sanctioned bullion banks" for the word "difficulties"; insert the words "egregiously overbought condition" for the words "demanding situation" and the definition might be appropriately restated as "the ability to cope with the constant and unrelenting interference by the Fed/Treasury-sanctioned bullion banks or to face a(n) egregiously overbought condition in a spirited and resilient way."

Friday, July 05, 2019

Gold Price Trend Forecast, Long and Short Plays for Traders / Commodities / Gold & Silver 2019

By: Chris_Vermeulen

The last few weeks for gold trader has been really exciting. Let face it, metals are starting to outperform us Equities late in a US stock bull market and we all know what that means. If you don’t know what I mean check out these charts!

Recently I posted an exclusive gold analysis article on Gold-Eagle.com talking about the next big moves and timing for the price of gold. Things are about to get much more exciting and life changing for those involved on the right side of the move.

In fact, in the next week, I will be sharing the absolute best way to take advantage of the gold move and it is most likely the exact opposite of what you are doing/plan to do. Recently Eric Sprott (Canadian billionaire, precious metals specialist) talked about my analysis and he touched on this gold trading strategy as well.

Friday, July 05, 2019

Palladium Sets Up Another Double Top Pattern / Commodities / Palladium

By: Chris_Vermeulen

Is this Double-Top setup in Palladium another warning of a potential downside price move?  Back in April 2018, we issued a Double-Top pattern warning in Palladium which preceded a downside price move of nearly 28%.  We believe this new Double-Top pattern may prompt a downside price move of nearly 20% – targeting the $1240 level.

April 18, 2018:PALLADIUM RALLY DRIVING OTHER METALS TO MOVE?

Friday, July 05, 2019

US Monetary Growth Slows. Will Gold Price Accelerate Now? / Commodities / Gold & Silver 2019

By: Arkadiusz_Sieron

The growth of the US money supply has slowed down! We invite you to read our today’s article about the sluggish American monetary inflation, and find out whether it signal the upcoming recession and good times for gold.

We have long been warning our Readers about doomsayers who spread excessively pessimistic viewpoint and scare investors with the monster of recession. Our thorough analysis suggests – the gold bulls could not like this conclusion – that we have a Goldilocks economy and the current expansion still has room to run.        

However, we do not downplay the risk of recession. We are not like many market pundits who express naive optimism that this time is different (we are neither the eternal doomsayers who see writings on the wall everywhere). Instead, we are constantly monitoring economy closely to provide you with the in-depth and data-based analysis.

Thursday, July 04, 2019

Stocks vs. Gold: Some Little-Known Facts / Commodities / Gold & Silver 2019

By: MoneyMetals

The gold and silver markets rarely get much love on Wall Street and from the average investors who only listen attentively to what CNBC and stock brokers have to say.

Nearly a decade of underperformance in the metals markets certainly isn’t helping draw attention. Recently, the gold market started to move, and the rising price has thus far gone mostly unnoticed.

Everyone is watching the equity markets continue the surge higher that began the day after Christmas.

Thursday, July 04, 2019

The Three Metallic Amigos Gold, Silver and Copper / Commodities / Gold & Silver 2019

By: Gary_Tanashian

When last we left the 3 Metallic Amigos… I can’t remember the detailed individual statuses and am too busy to go read the post. They were something like borderline hysterical gold, attractive silver and bouncing (but not yet bullish) copper. So here’s today’s update on these Amigos.

Gold is testing the high today after not even pulling a 38% Fib retrace. A real bull market launch may not pull back to a nice neat support/retrace level (38%, 50%) but that does qualify as a test of the big picture breakout at 1378, which has for years now been our (NFTRH) Bull/Bear line of demarcation. As long as that holds up, gold is in a bull market. Can it be making a very short-term double top? Ah, sure. But it can also be ready to rip higher. Point is, gold is not yet beyond a pullback potential to the 1350-1375 area but man, it’s bullish.

Thursday, July 04, 2019

Crude Oil Price Pummeled, Where Is It Going Next? / Commodities / Crude Oil

By: Chris_Vermeulen

On Tuesday, July 2, 2019, the price of Crude Oil fell over -4.5% on continued expectations of global economic weakness and supply gluts.  We found this interview rather interesting because it attempts to suggest a narrative that ignores Iranian issues while pushing the supply side fundamental for the current price decline (Source: CNBC).

Back on May 21, 2019, we shared a post that is still very relevant today.  The same price pattern is still in place and the same type of price action is working through the completion of an extended Pennant/Flag formation. We suggest all our follower read this May 21 post to catch up to current market levels.

Thursday, July 04, 2019

Gold and Silver Precious Metals Breaking Out / Commodities / Gold & Silver 2019

By: Rambus_Chartology

I would like to start out this Report by looking at a long term monthly chart for the GDX. The multi year bear market actually began in September of 2011 at the head portion of the 3 1/2 year H&S top. The H&S top actually began to form in September of 2009 and ended in February of 2013 when the price action broke below the neckline. From that point the GDX declined for the next three years in its bear market so from a technical perspective the GDX ended its bear market in January of 2016 which marked its all time low.

The rally out of the 2016 low lasted seven months and ended in September of the same year. After a strong impulse move like that one looks for the price action to consolidate its gains before moving higher. There was no way to know at the time what trading range would develop and how long it will take to complete. Now in hindsight we can see the GDX built out the 2016 bullish falling wedge, that we’ve been following for well over a year, which took two years to complete from the August 2016 high to the September 2018 low. It wasn’t until the breakout above the top rail of the 2016 bullish falling wedge and the completion of the backtest two months ago in May that we had significant confirmation that the bear market that began in September of 2011 was officially over.

Thursday, July 04, 2019

Gold Price Epochal Breakout Will Not Be Negated by a Correction / Commodities / Gold & Silver 2019

By: The_Gold_Report

Technical analyst Clive Maund charts the reasons why the recent gold breakout is genuine. It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short-term reaction back as far as $1,380 or even $1,370 will not negate the breakout—instead it should be seized upon as an opportunity to build positions across the sector, especially in trampled down undervalued silver stocks. Silver broke higher last week on its strongest upside volume since its frothy top in 2011 and on its second highest upside volume ever.

On the six-month gold chart we can see the impressive breakout run-up of recent days, which has taken gold to a flag target that it has reached in an extremely overbought state. This means it is entitled to take a rest here, and that is what it is doing.

Thursday, July 04, 2019

Silver Priced Poised for a Breakout / Commodities / Gold & Silver 2019

By: Clive_Maund

Technical analyst Clive Maund discusses why he believes silver is amazingly cheap and a sure sign that a major precious metals sector bull market is starting.

We have already been over the reasons why a major precious metals (PM) sector bull market is starting, and remarked on how undervalued silver is compared to gold, and how this is typical at the start of a major sector bull market. But it is worth "thumping the table" over this, because silver and silver investments may well be the best place of all to put your money at this time.

Many silver investors are manic-depressive and fanatical, which is a reality that we can turn to our advantage, for if we can figure when they are just starting to emerge from the depths of despair, it is the time to move into the sector in a big way.

They are just starting to emerge from the depths of despair right now as it happens, which is shown graphically by the silver-to-gold ratio, the basis of which is that when investors in the sector are at their most risk-averse, they tend to favor gold over silver. This is hardly surprising, as gold conjures up images of solidity and security to a much greater extent than silver, which is also known as "poor man's gold."

Thursday, July 04, 2019

Crude Oil’s Reversal Sparks Our New Trading Decision / Commodities / Crude Oil

By: Nadia_Simmons

Yesterday’s oil session was indeed heavy on action. The initial upswing gave way to a reversal lower, leaving black gold to close almost unchanged. Well, it finished a bit lower than it opened the day actually. Does this signify something important? That important that it would make us act? You bet – let’s dive in to the juicy details.

Let’s take a closer look at the chart below (chart courtesy of www.stooq.com ).

Thursday, July 04, 2019

Gold Plunges Below $1,400 On the News of Trade War Truce / Commodities / Gold & Silver 2019

By: Arkadiusz_Sieron

Donald and Xi have confirmed their true and everlasting friendship now. Trade wars are over, it’s all rainbows and unicorns - and investors do not need safe havens anymore. Right? The celebratory mood feels great but let’s find out what the trade truce really means for the gold market.

Ufff, They Announce Trade Truce

The G20 meeting in Osaka, Japan, is behind us. Did I write “G20”? It should be “G2”, as the world’s focus was on the meeting between Donald Trump and Xi Jinping.

Tuesday, July 02, 2019

Silver Price Is on the Launching Pad, Waiting for Ignition / Commodities / Gold & Silver 2019

By: MoneyMetals

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Coming up we have an interview with Greg Weldon that you absolutely are not going to want to miss. Hear what Greg has to say now about gold after accurately predicting the recent breakdown point to the dollar on this very podcast a little over a month ago. We’ll also get his thoughts on lagging silver, hear his breakdown the generational high we’re seeing in the gold to silver ratio right now and why he is on the verge of making a major trading decision in the white metal ahead of a big move he sees coming. All that and more coming up in our interview with Greg Weldon, right after this week’s market update.

Precious metals markets are set to close out the week, the month, and the quarter with underlying strength building for some big moves ahead.

The standout performer this month has been gold, breaking above $1,400 an ounce. Meanwhile, the raging palladium bull market is still powering ahead – with prices on the verge of posting new all-time highs. Even the lagging metals, silver and platinum, are showing signs of lifting off major bottoms.

Tuesday, July 02, 2019

This Could Depress The Price Of Gold / Commodities / Gold & Silver 2019

By: Avi_Gilburt

I have to be honest and tell you that I am literally chuckling while I write some of my articles. My last gold article was one where I was certainly chuckling while writing it. Yet, I cannot tell you how many other “analysts” across the internet took me to task for something about which they thought I was being serious. I guess a sense of humor is not something that every reader possesses.

You see, so many of these gold writers have their heads buried so deeply in the sand (or elsewhere) that they cannot even understand when someone is poking fun at their conspiracy or manipulation theories. And, to think that they view my theory of aliens causing a rise in gold as any different than some of the conspiracy theories they present is nothing less than laughable. But, everyone has their theories, just as they say that everyone has an armpit. And, many stink.

Monday, July 01, 2019

Gold Huge Upside if Breakout Holds / Commodities / Gold and Silver Stocks 2019

By: Jordan_Roy_Byrne

As I pen this article, Gold is set to close the month and the quarter above $1400/oz and holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign.

The technicals and fundamentals are finally in place for Gold. 

It is outperforming all major currencies and the Federal Reserve is weeks away from beginning a new cycle of rate cuts. The US Dollar has broken its uptrend.

The near-term outlook is very strong but if the Federal Reserve cuts three or four times and Gold strongly outperforms the stock market then this move can go to $1900/oz.

Monday, July 01, 2019

China’s Rare Earths, Locked And Loaded / Commodities / Rare Earths

By: Steve_H_Hanke

President Trump has picked a fight with China on trade. This has run the gamut of badgering to the imposition of tariffs on Chinese exports to the United States. And, if that is not enough, the President threatens to lay on more tariffs if China fails to comply with a host of U.S. demands. China will not stand idly by and be beaten with a stick, but will they pull the trigger?

One weapon that China has in its arsenal is rare earths. As the Global Times, a state-owned Chinese newspaper, put it: rare earths are “an ace in China’s hand.” Rare earths cover 17 important elements on the periodic table. And, they are elements in which China occupies a dominant position. Furthermore, the Chinese leadership is well aware of the strategic importance of rare earths. As far back as 1992, Deng Xiaoping stressed that “the Middle East has oil; China has rare earths.”

And that is not all. China knows that rare earths can be used to counterpunch. Last month, China’s Natural Development and Reform Commission, a body that oversees Chinese policy shifts, pointedly brought up rare earths in a question-and-answer bulletin on the threat of a rare earths export ban. The notice read: “Will rare earths become China’s counter-weapon against the US’s unwarranted suppression? What I can tell you is that if anyone wants to use products made from rare earth to curb the development of China, then the people of the revolutionary soviet base and the whole Chinese people will not be happy.”

Monday, July 01, 2019

The Oil Crisis Saudi Arabia Can't Solve / Commodities / Crude Oil

By: OilPrice_Com

Saudi Arabia’s CEO Amin Nasr’s message to the press that oil flows to the market are guaranteed, should be taken with a pinch of salt.

Looking at the current volatility in the Persian/Arabian Gulf and the possibility of a temporary closure of the Strait of Hormuz, the Aramco CEO’s message might be a bit overoptimistic. In reality, Aramco will not be able to keep the necessary crude oil and products volumes flowing to Asian and European markets in the case of a full Strait of Hormuz blockade. Even that Aramco owns and operates a crude oil pipeline with a capacity of 5 million bpd, carrying crude 1,200 kilometers between the Arabian Gulf and Red Sea, much more is needed to keep the oil market stable. 

Sunday, June 30, 2019

Once Upon a Time There Was a Goldilocks Economy. Will This Story End Well for Gold? / Commodities / Gold & Silver 2019

By: Arkadiusz_Sieron

Once upon a time there was a Goldilocks (economy)… Would like to know the end of this story? So let’s read our today’s article – and find out whether it will have a happy end for gold!

There was once a little girl whose hair was so bright and yellow that it glittered in the sun like spun-gold. For this reason she was called Goldilocks. One day she came to a house of Three Bears. They have gone out, but the girl saw the porridge through the window, so she went in.
She first tasted the porridge of the Great, Huge Bear, and that was too hot for her. And then she tasted the porridge of the Middle Bear, and that was too cold for her. And then she went to the porridge of the Little, Small Bear, and tasted that; and that was neither too hot nor too cold, but just right, and she liked it so well that she ate it all up.

Saturday, June 29, 2019

Gold Stocks Decisive Breakout! / Commodities / Gold and Silver Stocks 2019

By: Zeal_LLC

The gold miners’ stocks just blasted higher to a major decisive breakout this week!  Driven by gold’s own huge bull-market breakout, the gold stocks surged well above vexing years-old upper resistance.  The resulting new multi-year highs are a game changer, starting to shift long-apathetic sector sentiment back towards bullish.  This will increasingly attract back traders, with their buying unleashing a virtuous circle of gains.

Traders usually track gold-stock fortunes with this sector’s most-popular exchange-traded fund, the GDX VanEck Vectors Gold Miners ETF.  Launched in May 2006, this was the original gold-stock ETF.  That big first-mover advantage has helped propel GDX to sector dominance.  This week its net assets of $10.5b ran 44.6x larger than the next-biggest 1x-long major-gold-miners ETF!  GDX is this sector’s leading benchmark.

And as recently as late May, neither speculators nor investors wanted anything to do with gold stocks.  GDX slumped to $20.42 on May 29th, down 3.2% year-to-date.  That was much worse than gold’s own slight 0.2% YTD decline then warranted.  The gold stocks were really out of favor, largely ignored by apathetic traders.  What a difference a month makes though, as their fortunes changed radically in June.

Friday, June 28, 2019

Platinum Setting Up For A Big Price Anomaly / Commodities / Platinum

By: Chris_Vermeulen

Our clients and followers have been following our incredible research and market calls regarding Gold and Silver with intense focus.  We issued a research post in October 2018 that suggested Gold would rocket higher from a base level below $1300 to an initial target near $1450 almost 9 months ago. 

As of this week, Gold has reached a high of $1442.90 only $7.10 away from our predicted target level.  This has been an absolutely incredible move in Gold and we could not be more pleased with the outcome for our clients, followers, and anyone paying attention to our research posts.

Additionally, many of our clients have been asking us to share our predictive modeling research for Platinum, which has been basing near recent lows recently.  We decided to share our research with everyone regarding the information our proprietary predictive modeling tools are suggesting.