Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, June 29, 2018
Why the Saudis Won’t Prevent The Next Oil Shock / Commodities / Crude Oil
By: OilPrice_Com
Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high 11 million barrels per day in July, according to Reuters.
The increase, if it can be pulled off, would be an incredibly rapid ramp up in output, up more than 1 million barrels per day (mb/d) from May levels.
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Friday, June 29, 2018
The Debt Threat and Gold / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
In the latest edition of the Market Overview, we have analyzed the risk related to the rising U.S. public debt and private leverage. This month, we will adopt a more global perspective. Until recently, thanks to the synchronized worldwide growth, it was easy to lose sight of the elephant in the room. But as U.S. interest rates have climbed in recent months and dollar has appreciated, we cannot ignore the debt threat any longer.
Indeed, the elephant is doing well. It is well-nourished and constantly growing. As the chart below shows, total non-financial debt has risen from 191 percent of global GDP at the end of 2001 to 210 percent before the financial crisis and to 245 percent today (the most recent data are for the end of September 2017).
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Friday, June 29, 2018
Gold / Copper Miners Miners Interesting Ratio / Commodities / Gold and Silver Stocks 2018
By: Gary_Tanashian
The GDX/COPX ratio has broken above the 50 & 200 day moving averages and is still going, despite gold’s ignominious state at the moment.
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Thursday, June 28, 2018
Corn Commodity Price Analysis 28th June 2018 / Commodities / Agricultural Commodities
By: Austin_Galt
Pattern – a downtrend is in progress and I believe a “three strikes and you’re out” low formation is setting up with price currently tracing out its way to the third and final low.
Bollinger Bands – price is at the lower band and the question is does price trade down alongside this band or does support come in and send price back up? I lean to the latter.
Thursday, June 28, 2018
Don’t Miss This Important Gold Price Signal! / Commodities / Gold and Silver 2018
By: Peter_Degraaf
It is generally agreed that in a Gold Bull Market, the gold producers lead the way, by outperforming gold bullion. To examine this trend we visit Stockcharts.com and pull up a chart that compares mining stocks (GDX) to gold bullion (GLD).
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Thursday, June 28, 2018
Will the Full Moon Mark a Turning Point for Gold and Silver? / Commodities / Gold and Silver 2018
By: The_Gold_Report
Bob Moriarty of 321 Gold discusses the theory that there is a relationship between the full moon and the price of gold.
For several months I have been beating the drum saying that there would be a tradable low for the precious metals in the June/July timeframe. The way to be fairly certain would be using the Commitment of Traders report and Daily Sentiment Indicator to mark an extreme of sentiment. I was looking for the DSI to go below 10 and the COTs to reflect major bearish sentiment among speculators.
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Thursday, June 28, 2018
Gold Cannabis Stocks Wednessday / Commodities / Gold and Silver 2018
By: Denali_Guide
FLAT LINE AFTER A HEART ATTACK, but what awaits come the Holidays?
So the GREEN is a Cannabis Index, which shows once investors got over their reluctance, they embraced the reality that Cannabis was and still is a coming trend.
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Wednesday, June 27, 2018
Gold’s Signs for a June Bottom / Commodities / Gold and Silver 2018
By: P_Radomski_CFA
In yesterday’s intraday Alert, we explained why the short-term outlook for the precious metals changed from bearish to neutral and we took profits from our short positions. It was not just the fact that the price targets were reached for gold and silver. The key to the change in the outlook was seeing the confirmations from gold’s performance relative to the USD Index and from the mining stocks’ performance compared to the one of gold. In today’s analysis, we’ll take a closer look at what happened and what it means going forward.
Wednesday, June 27, 2018
US Dollar Outlook & What it Means for Gold / Commodities / Gold and Silver 2018
By: Jordan_Roy_Byrne
We do not focus too much on the US dollar because in the big picture Gold usually leads movements in the dollar. As it pertains to the present, Gold’s failure to breakout (while the dollar made two new lows since the summer 2016 peak in Gold) implies that the the dollar, at worst is not going much lower anytime soon. At best, it could signal that the dollar’s bull market will resume. With that said, the dollar is approaching an interesting juncture and how it performs will certainly have some impact on the precious metals sector moving forward.
It's possible that the typical negative correlation between Gold and the dollar could strengthen in the weeks and months ahead due to a potential peak in Gold denominated against foreign currencies (FC).
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Wednesday, June 27, 2018
Precious Metals On a Long-term Buy Signal. Short term Mixed / Commodities / Gold and Silver 2018
By: The_Gold_Report
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Our proprietary cycle indicator is up.
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Tuesday, June 26, 2018
Gold & Miners to Rally as US Equities Fall On Fear / Commodities / Gold and Silver 2018
By: Chris_Vermeulen
The US Equities markets rotated over 1.35% lower on Monday, June 25, after a very eventful weekend full of news and global political concerns. Much of this fear results from unknowns resulting from Europe, Asia, China, Mexico and the US. Currently, there are so many “contagion factors” at play, we don’t know how all of it will eventually play out in the long run.
Europe is in the midst of a moderate political revolt regarding refugee/immigration issues/costs and political turmoil originating from the European Union leadership. How they resolve these issues will likely be counter to the populist demands from the people of Europe.
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Monday, June 25, 2018
This Is It For Gold / Commodities / Gold and Silver 2018
By: Avi_Gilburt
For those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to GLD.
While I have gone on record as to why I do not think GLD ETF is a wise long-term investment hold, I still use it to track the market movements. For those that have not seen my webinar about why I don’t think the GLD is a wise long-term investment, feel free to review this link for my webinar on the matter.
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Sunday, June 24, 2018
Soybean Price Hits 9 Year Low Due to Trade War / Commodities / Agricultural Commodities
By: ElliottWave-Forecast
Early this week the price of Soybean futures (ZS_F) plunged to a new low in more than 9 years due to the tit-for-tat trade war between U.S. and China. Soybean Futures started to drop on Friday last week after Trump administration decided to go ahead with 25% tariff on $50 billion worth of goods from China. The list of targeted goods includes technology products which are part of Beijing’s Made in China 2025 initiative.
China quickly retaliated with its own 25% tariff on 545 U.S. goods worth equal value, including agricultural products such as soybeans, corn, and wheat. Soybean futures for July delivery dropped more than 7% to $8.415 a bushel, the lowest since March 2009. The price is now 10% down for the year, and more than 17% down for the quarter.
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Sunday, June 24, 2018
Platinum Price Technical Chart Analysis 22nd June 2018 / Commodities / Platinum
By: Austin_Galt
Latest Price – $873.30
Pattern – a downtrend has clearly been in force…one that I believe ended today with a low at $857.60. And a bullish outside reversal candle to go with it. This will obviously need follow through to the upside while there may be some consolidation of this candle in the very immediate term.
Saturday, June 23, 2018
Gerald Celente: Why You Still Need Guns, Gold, and a Getaway Plan... / Commodities / Gold and Silver Stocks 2018
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world, and it's always great to have him on with us. Gerald, thanks for taking the time again today, and welcome back.
Gerald Celente: Thanks for having me on.
Mike Gleason: Well, Gerald, the potential for a trade war is the hot topic in the financial press these days. Around here, the question is what escalating concerns over trade might mean for the precious metals markets, and we would like to get your thoughts on that. But first, please give us your take on the President's trade policy in general. Some people think the U.S. has been a major beneficiary of trade. We've been able to import real goods and services in exchange for increasingly worthless dollars. Others hate what so-called globalization has done to U.S. manufacturing and think Trump is delivering a long overdue warning shot to nations who have taken advantage of the U.S. So, where do you stand on all this?
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Saturday, June 23, 2018
Cheap Gold Stocks Bottom Basing / Commodities / Gold and Silver Stocks 2018
By: Zeal_LLC
The gold miners’ stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators. They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to. The gold stocks remain exceedingly cheap relative to the metal which drives their profits, and they continue to establish a strong technical base. They are ready to soar as gold returns to favor.
Gold-stock investing feels pretty thankless these days, like an exercise in self-flagellation. Thus there aren’t many traders left in this realm. Week after week as gold stocks continue to drift on balance, the ranks of remaining investors and speculators dwindle. Interest in this sector is among the lowest I’ve ever seen in decades of actively trading gold stocks. They’ve been left for dead as contrarians vanish.
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Friday, June 22, 2018
Gold - How Long Can This Last? / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
Yields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? And what does it ultimately mean for the gold market?
Let’s look at the chart below. As one can see, the U.S. long-term interest rates have been rising since September 2017. And they breached 3 percent in the second quarter of 2018, attracting investors’ attention all over the world.
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Friday, June 22, 2018
Gold's Relative Strength Index Indicating a Bottom Is Here / Commodities / Gold and Silver 2018
By: The_Gold_Report
Precious metals expert Michael Ballanger explains why he believes gold is bottoming. Today's missive is going to be brief as there are no need for words when you have the chart below indicating every major low in gold was accompanied by an RSI reading below 30. GLD (the physical gold ETF) is sporting a 27.46 RSI this morning and while we have seen readings lower than this at other bottoming periods, it is time to open a 25% position in the GLD July $120 calls at $1.40, where I was filled shortly after the New York opening. I am now attempting to add a second 25% tranche at $1.50 with the current market $1.54.
Friday, June 22, 2018
Contrarians See Gold and Silver Opportunity in Negative Sentiment / Commodities / Gold and Silver 2018
By: MoneyMetals
Gold and silver markets entered this summer with sentiment toward the metals in something of a deep freeze.
For several months, precious metals prices have gone essentially nowhere. No sustained rallies to attract momentum traders; no washout plunges to attract bargain hunters. The long, protracted stalemate between bulls and bears has frustrated metals investors and, frankly, bored the public.
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Wednesday, June 20, 2018
Crude Oil Price May Have Turned Down for Good! / Commodities / Crude Oil
By: Enda_Glynn
Hi everyone,
Hope the day went well for you.
Tomorrow,
the big three central bank heads,
will open their mouths and potentially cause havoc!
I am on record with my recommendations for how central bank chair persons should be treated when entering office.
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