Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
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.
Read full article... Read full article...
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?
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
Wednesday, June 20, 2018
Gold GLD ETF Update… Breakdown ? / Commodities / Gold and Silver 2018
By: Rambus_Chartology
Just a quick update on a few of the GLD charts we’ve been following closely. Below is the daily line chat which shows the breakout from the blue triangle that formed as the backtest to the larger 5 point bearish falling wedge reversal pattern. The bulls tried as hard as they could but they couldn’t take out the bottom rail of the falling wedge reversal pattern. Friday’s decline was on heavy volume.
Read full article... Read full article...
Wednesday, June 20, 2018
The Fed Is Driving Down Oil Prices / Commodities / Crude Oil
By: OilPrice_Com
The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world.
The U.S. Federal Reserve announced another rate hike a few days ago, which helped edge up the dollar to a new high for the year.
Read full article... Read full article...
Tuesday, June 19, 2018
Major Turnaround in Crude Oil’s Price / Commodities / Crude Oil
By: Nadia_Simmons
Crude oil’s Friday’s huge daily decline was not followed by yet another daily slide, but by a profound reversal. The price has surely turned by 180 degrees, but can we say the same thing about the outlook for the following days?
No. The volume doesn’t support this outcome and as you’ve seen in the previous several days, indications and confirmations from volume are very important. In fact, the low volume was one of the key reasons that made us open the short position at $66.78 on Wednesday.
Read full article... Read full article...
Tuesday, June 19, 2018
Natural Gas Setup for 32% Move in UGAZ Fund / Commodities / Natural Gas
By: Chris_Vermeulen
As we all know a picture says 1000 words, which is one of the reasons why I gravitated to trading using technical analysis. I can look at a chart and in seconds understand what price has done and is likely to do in the near future, without knowing a single thing about the company, index, or commodity. Why spend time reading news, financial statements, and other opinions when you can fast-track the entire process with a chart.
So, let’s just jump into the 30-minute chart of natural gas which shows the regular trading hours 9:30am – 4pm ET.
Read full article... Read full article...
Monday, June 18, 2018
Cocoa Commodities Trading Analysis / Commodities / Cocoa
By: Austin_Galt
Latest Price – $2552
Pattern – we have a pattern of lower lows and lower highs on this chart signifying a downtrend. Given that price has risen sharply this year so the question becomes is this the start of a new bull trend? No, not in my opinion.
Read full article... Read full article...
Monday, June 18, 2018
Orange Juice Commodity Trading Analysis / Commodities / Commodities Trading
By: Austin_Galt
Latest Price – $159.90. Previous analysis updated – price has traded exactly as outlined, rallying before finding resistance and I now believe the next leg up has commenced.
Read full article... Read full article...
Sunday, June 17, 2018
How Oil Prices Are Affecting Real Estate / Commodities / US Housing
By: Rodney_Johnson
I had a finance professor in college who referred to self-evident ideas as BGOs, or blinding glimpses of the obvious.The term stuck with me, and my kids have heard it their entire lives.
And it came to mind recently when I considered if rising oil prices weighed on the real estate market.
Read full article... Read full article...
Sunday, June 17, 2018
North Korea, Trade Wars, Precious Metals and Bitcoin / Commodities / Gold and Silver 2018
By: The_Gold_Report
Bob Moriarty of 321 Gold, in a wide-ranging conversation with Maurice Jackson of Proven and Probable, discusses issues from North Korea to Bitcoin. Maurice Jackson: Joining us for a conversation is Bob Moriarty, the founder of 321gold, and 321energy.com, and the author of two of my personal favorite books, "The Art of Peace," and "Nobody Knows Anything." Welcome to the show.
I recall when President Trump took office, you shared he will either be the best president or the worst president we've ever had. Now I don't know where he fits into that narrative for you so far, but I have to say that President Trump is not afraid of breaking paradigms. There are series of geopolitical events occurring right now, that have the world’s attention, and I'd like to get your thoughts regarding those. Beginning with the G7 Summit, which just concluded last week. And it got a little testy, if you will, between the United States and the other members, in particular Canada. Give us your thoughts on why these events unfolded, and what do you see being the likely outcome?
Read full article... Read full article...
Saturday, June 16, 2018
Gold Bullish on Fed Interest Rate Hike / Commodities / Gold and Silver Stocks 2018
By: Zeal_LLC
Gold weathered the Federal Reserve’s 7th rate hike of this cycle this week. Gold-futures speculators and to a lesser extent gold investors have long feared Fed rate hikes, selling ahead of them. Higher rates are viewed as the nemesis of zero-yielding gold. But contrary to this popular belief, past Fed rate hikes have proven very bullish for gold. This latest hike once again leaves gold set up for a major rally in coming months.
The Fed’s Federal Open Market Committee meets 8 times per year to make monetary-policy decisions. These can really impact the financial markets, and thus are closely watched by gold-futures speculators. These elite traders wield wildly-outsized influence on short-term gold price action due to the truly extreme leverage inherent in gold-futures trading. What they do before and after FOMC decisions really impacts gold.
Read full article... Read full article...
Friday, June 15, 2018
Inflation Trade, in Progress Since Gold Kicked it Off / Commodities / Gold and Silver 2018
By: Gary_Tanashian
I am sure you remember the lead up to Q1 2016. The US economy and stock market were transitioning from a Goldilocks environment and narrowly avoiding a bear market while the rest of the world was still battling deflation. Precious metals and commodities were in the dumper and try though US and global central banks might, they seemed to fail to woo the inflation genie out of its bottle at every turn.
Then came December of 2015 when gold and silver made bottoms followed by the gold miners in January of 2016. Then by the time February had come and gone the whole raft of other inflatables (commodities and stocks) had bottomed and begun to set sail.
Read full article... Read full article...
Friday, June 15, 2018
Can Saudi Arabia Prevent The Next Oil Shock? / Commodities / Crude Oil
By: OilPrice_Com
The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and pressure from Asian consumers) Saudi Arabia will be willing to revoke its current production cut stance.
Current volatility in the global oil market is, according to most analysts, due to fears that markets are facing a severe threat. A doomsday scenario is being painted in the media which suggests that oil prices will collapse as Moscow and Riyadh allow for OPEC compliance to slip, and that a glut of Saudi crude will be hitting the market. This has been the leading theme in the last couple of days, after reporters stated that Moscow and Riyadh are ready to assist the market.
Read full article... Read full article...
Friday, June 15, 2018
Powell's Excess Reserve Change and Gold / Commodities / Gold and Silver 2018
By: Michael_J_Kosares
Why a seemingly run-of-the-mill announcement yesterday by Fed chairman Powell might signal a major turning point for the gold market. . . and perhaps ALL markets.
At the end of Fed chairman Jerome Powell’s opening statement for his press conference yesterday he dropped a major surprise on the markets that immediately sent the dollar and stocks tumbling and gold, silver and bonds vaulting higher. All the markets mentioned experienced sudden sharp reversals at the time of the “surprise.” Those trends have carried over to today’s market action.
Read full article... Read full article...