Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Friday, June 28, 2019

Silver Awaiting This Key Bull Market Signal / Commodities / Gold & Silver 2019

By: Hubert_Moolman

Although gold has successfully signaled its bull market, silver is yet to convincingly do so. It may be true that silver follows gold, but the two can diverge for quite some time. So, it is essential that silver gives us a clear bull market signal to confirm that the bull is real.

The following technique could provide a way to track silver until it provides that clear bull market signal.

Friday, June 28, 2019

Gold Stock Launch in the Books; What’s Next / Commodities / Gold and Silver Stocks 2019

By: Gary_Tanashian

You may know me as the…

…guy.

The guy using the planets of an imaginary gold sector Macrocosm with proper fundamentals that are decidedly not imaginary but rather, are necessary to call a real bull phase or even bull market. By managing a strict set of macro and sector fundamental inputs (to the sound of crickets and little else in the sector) NFTRH and its subscribers had a front row seat to the now obvious gold mining launch as first the fundamentals came in line, followed by the technicals.

Friday, June 28, 2019

Can the Crude Oil Bulls Extend the Sputtering Rally? / Commodities / Crude Oil

By: Nadia_Simmons

The series of higher oil prices appears to be over as today, we might see the bulls’ power tested. Where can the bears aim realistically and what is most likely to happen next? These are certainly valid questions as the oil price has reached an important resistance and appears hesitating today. Will some geopolitical news come to the rescue? High time to dive in...

Friday, June 28, 2019

Gold Declines As the Fed Dampens Rate Cut Expectations / Commodities / Gold & Silver 2019

By: Arkadiusz_Sieron

What a week! On Tuesday, gold prices hit a six-year peak of almost $1,440. But they declined since then to almost $1,400. What is happening? We got the Fed speaking… Let’s dive in to the implications of what has been said.

Rally in Gold Ends

As we reported two days ago, the price of gold has jumped above $1,430 after the dovish FOMC meeting last week. However, the rally did not last long. Yesterday, the price of gold fell to a level slightly above $1,400, as the chart below shows. What happened?

Friday, June 28, 2019

Gold Clearly Reverses at Consolidation’s Upper Border / Commodities / Gold & Silver 2019

By: P_Radomski_CFA

Quite a few journalists wrote about gold’s breakout in the previous days even though gold made an attempt to break above the key resistance – the mid-2013 high – only today (and it failed). At the same time, when the gold to silver ratio was breaking out in a clear way, many journalists ignored that and emphasized the importance of the resistance at hand. Either way, the focus was not on what was really going on, but on trying to make the reality fit the bullish case for gold. After all, “gold people” have to be bullish on gold all the time, right? Wrong – those, who want their clients to succeed need to stay focused on what is likely to happen based on objective, cold logic and facts, instead of chasing the emotions of the day. And what do the facts tell us?

We have a twofold purpose in highlighting the pitfalls of permabullish emotionality. The first one is to show you how acting on emotions in investing backfires – gold rallied temporarily above $1,440 and in today’s pre-market trading, declined to almost $1,400. And it doesn’t seem that the decline is over. The second one is that we want to emphasize that there is almost nobody else in the gold analysis business that saw that the real resistance and the upper border of the long-term consolidation pattern in gold is at the mid-2013 highs. Many others cheered as gold moved above the previous – less important – highs, and they wrote about a major breakout in gold. These were breakouts, but not the key ones and nothing to call home about given that the highest of the relatively close highs remained unbroken. Please remember the above as gold moves to lower prices. Please also remember that we are writing right now that we will see gold below $1,200 well before we’ll see it above $1,500.

Thursday, June 27, 2019

Silver Price Will Pause Before Going Higher / Commodities / Gold & Silver 2019

By: Chris_Vermeulen

Silver will likely find resistance near $15.60 and move slightly lower before another upside price leg takes place.  Both gold and silver have begun incredible price rallies over the past 10+ days and we believe this is just the start of a much bigger price trend. 

We believe Silver, to be one of the absolute best potential trades and investment. It will likely pause just below $15.75, near the First Resistance level, rotate a bit lower (possibly towards $15.15), then attempt another rally towards the $16.50 level.

Thursday, June 27, 2019

Precious Metals Expert Rick Rule Shares 'Gold Nuggets of Wisdom' / Commodities / Gold & Silver 2019

By: The_Gold_Report

Maurice Jackson of Proven and Probable and Rick Rule of Sprott USA engage in a wide-ranging discussion covering Pareto's law, the importance of courage and conviction in investment, copper, mentors and the upcoming Sprott Natural Resource Symposium

Maurice Jackson: Joining us for conversation is legendary investor Rick Rule of Sprott USA. Mr. Rule, welcome to the show. In our interview last month, we addressed a number of topics regarding where and what Sprott USA is focusing their attention on in the natural resource space. And at the conclusion of the interview, Rick, you stated that we should discuss Pareto's law, which is known as the 80/20 law. But you put an interesting perspective on the law that I had not considered. Mr. Rule, expand the narrative on Pareto's law and please introduce us to the concept of the 4%.

Rick Rule: Sure. And actually I'll take a little further than that with your permission. Most people have heard of the 80/20 principle, which suggests that in any sort of major field of human endeavor, 20% of the people engaged in that activity generate 80% of the utility. In other words, 20% of the people do 80% of the work.

Thursday, June 27, 2019

Bonds and Stocks vs Gold / Commodities / Gold & Silver 2019

By: Richard_Mills

North American stock markets continued to rise on Friday, as more investors took the opportunity to jump into equities on the back of a clear signal from the US Federal Reserve that interest rates are likely heading down. The S&P 500 hit a new record on Thursday, finishing 249 points higher, or 0.9%, to 2,954.

The Federal Open Market Committee (FOMC) concluded on Wednesday that it will leave the federal funds rate unchanged, in the 2.25% to 2.5% range. Importantly however, the Fed dropped its pledge to be “patient” on a widely anticipated rate cut, meaning it could be poised to act. Also, Fed Chair Jerome Powell stopped referring to below-target 1.8% inflation as “transient”. Persistent inflation under 2% is a strong prompt for the Fed to raise interest rates, since part of its mandate is to keep inflation at the 2% sweet spot.

Thursday, June 27, 2019

The Gold Asteroid That Could Make Everyone On Earth A Billionaire / Commodities / Gold & Silver 2019

By: OilPrice_Com

Whether it was the Big Bang, Midas or God himself, we don’t really need to unlock the mystery of the origins of gold when we’ve already identified an asteroid worth $700 quintillion in precious heavy metals.

If anything launches this metals mining space race, it will be this asteroid--Psyche 16, taking up residence between Mars and Jupiter and carrying around enough heavy metals to net every single person on the planet close to a trillion dollars.

Thursday, June 27, 2019

GOLD to Fall 10% as Dollar at Support / Commodities / Gold & Silver 2019

By: Submissions

GOLD has been rising sharply and has hit 1430 highs. Much of the move is on the back of apparent news that central banks are buying Gold.

Falling interest rates (and a weaker dollar) also explain the recent surge into gold. Renewed interest in gold usually happens when investors are looking for alternatives to stocks and bonds (as well as global currencies). Which suggests that they may be losing confidence in the global economy. And reducing exposure to riskier smaller stocks; while prospecting in safer havens like gold.

Wednesday, June 26, 2019

Silver Short-Term Trend Analysis / Commodities / Gold & Silver 2019

By: Nadeem_Walayat

The short-term chart shows an accumulation zone of between $14 and $15, with upper trading zones of $15 to £16.30 and then $16.30 to $17.50. Thus a breakout above $15 would target $16 and then $17.50. Whilst the downside is limited to about $14.

Wednesday, June 26, 2019

Gold Continuing To Breakout But Is A Correction Due? / Commodities / Gold & Silver 2019

By: Chris_Vermeulen

Chris Vermeulen, Founder of The Technical Traders joins me to a close look into gold – what’s driving the move, what the technicals are saying about this fast move higher, and if a correction is due. We also look at the gold stocks, silver, and USD all within the context of gold.

Wednesday, June 26, 2019

Natural Gas Sets Up Bottom Pattern / Commodities / Natural Gas

By: Chris_Vermeulen

In less than two weeks, our prediction that Natural Gas would move lower into our “basing zone”, between $2.00 and $2.20, has come true.  Natural Gas has fallen into our expected basing/bottoming zone and traders should be looking to target low price entries as the extended setup of this base takes place.

You can read our original research post regarding our Natural Gas analysis from June 10, 2019: NATURAL GAS MOVES INTO BASING ZONE

It is our belief that anytime Natural Gas falls below $2.20, or lower, traders should consider jumping into NG related ETFs or NG future as this bottoming zone will likely push NG back above $2.35~$2.40 fairly quickly.  Historically, any price move to levels closer to $2.00 have been very strong support for Natural Gas and this early basing pattern is setting up for an incredible opportunity for traders.

Wednesday, June 26, 2019

Gold Jumps Above $1,400 after Dovish Fed / Commodities / Gold & Silver 2019

By: Arkadiusz_Sieron

Last week was definitely hot. Both major central banks adopted a more dovish stance. Gold reacted positively, jumping above $1,400. What has changed, and what has not? How close are we to an actual rate cut, not only to the speculation of getting one for sure on the next Fed meeting? How will gold like it?

Doves Are Strong Within the Fed

The dovish shift was surprising. Maybe not the direction, but the scale for sure. After all, the GDP is steadily growing, while the unemployment rate is at record lows. While inflation is below the target, it is still above 1.5 percent. Why would the Fed lower the federal funds rate in such positive macroeconomic conditions?

Wednesday, June 26, 2019

After This Confirmation Gold Prices Will Rise Fast / Commodities / Gold & Silver 2019

By: Hubert_Moolman

A while ago, I wrote about a coming confirmation of the multi-year gold bull market. It has taken longer than expected, but that signal has now arrived, and the bull is very much confirmed.

Here is a gold chart indicating that very important signal

Wednesday, June 26, 2019

Has Gold Price Broken Out Or Not? Technicals And Fundamentals / Commodities / Gold & Silver 2019

By: Kelsey_Williams

A casual glance at the latest short term chart for GLD would tend to support the notion that, yes, gold has decidedly broken out of its trading range and is headed higher.

Below is a two-year chart of GLD (bigcharts.marketwatch.com) …

Tuesday, June 25, 2019

Gold Price Trend Forcast to End September 2019 - Video / Commodities / Gold & Silver 2019

By: Nadeem_Walayat

This is the final article in this Gold analysis series that concludes in a detailed trend forecast for the Gold price into Late September 2019 :

Tuesday, June 25, 2019

Will Silver Soon Follow Gold’s Lead? / Commodities / Gold & Silver 2019

By: MoneyMetals

Gold prices have broken out of a massive multi-year consolidation pattern to the upside. That suggests the possibility of a massive multi-year rally ahead!

To be sure, there is also the possibility of some retracing and back-testing this summer before the $1,400 level is conquered for good.

The fall and winter periods are typically more conducive to big precious metals rallies.

Seasonality, however, isn’t a dependable trading tool. Some technical analysts (who will go unnamed here) wrongly turned bearish on gold and gold stocks after they put in a disappointing early spring performance and were thought to be headed straight into the summer doldrums.

Tuesday, June 25, 2019

GDX Gold Stocks ETF / Commodities / Gold and Silver Stocks 2019

By: Nadeem_Walayat

This article in my Gold analysis series takes a look at GDX the Gold stocks ETF:

• Current State
• Trend Analysis, MACD, Trend Channels Support / Resistance
• Seasonal Analysis
• US Dollar / Gold
• Gold Price Trend Forecast Conclusion
• Gold Stocks

Monday, June 24, 2019

Gold’s Century - While stocks dominated headlines, gold quietly performed / Commodities / Gold & Silver 2019

By: Michael_J_Kosares

“For twelve consecutive years, gold was up every single year whether there were inflation fears, deflation fears; strong dollar, weak dollar; political stability, political instability. It didn’t matter – strong oil, weak oil. . . Gold went up for twelve years. . . When gold embarks upon its next move, I believe that you will see that long wave take gold relatively quickly, but it will be measured in years, up to a $3000 to $5000 target that I believe is fundamentally justified based on the facts we have today.” –– Thomas Kaplan, Electrum Group (Bloomberg’s Peer to Peer Conversations with David Rubinstein)