Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Sunday, October 22, 2017
Time for Caution in Gold Miners / Commodities / Gold and Silver Stocks 2017
By: Jordan_Roy_Byrne
Last week we noted the likely negative impact of a sustained rebound in the US Dollar on Gold. Recent weakness in precious metals has not been much of a surprise considering the sector’s relative weakness months ago amid a weak US Dollar. While the greenback has bottomed, it has yet to push above resistance at 94. Nevertheless, Gold and in particular the gold stocks are threatening more losses even before a push higher in the greenback. It is time to be defensive and cautious.
Saturday, October 21, 2017
Silver Stocks Comatose / Commodities / Gold and Silver 2017
By: Zeal_LLC
The silver miners’ stocks have mostly drifted sideways this year, looking vexingly comatose. Such dull price action repels speculators and investors, so they’ve largely abandoned this lackluster sector. That weak trader participation has led to silver stocks’ responsiveness to silver price moves decaying. What can shock silver stocks out of their zombified stupor? And how soon is such an awakening catalyst likely?
Silver stocks’ flatlined behavior so far in 2017 is surprising and odd. Silver-stock prices are ultimately driven by silver-mining profits, which are overwhelmingly driven by prevailing silver price levels. Silver in turn is slaved to gold’s fortunes, the yellow metal is the white metal’s dominant primary driver. With gold faring quite well this year despite the euphoric record stock markets, silver and its miners’ stocks should be shining.
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Friday, October 20, 2017
Gold Up 74% Since Last Stock Market Peak 10 Years Ago / Commodities / Gold and Silver 2017
By: GoldCore
– 10 year anniversary of pre-Global Financial Crisis market peak in S&P 500 on October 9th
– Gold up 74% since the last market peak a decade ago; 11% pa in USD, 9.4% pa in EUR and 12.4% pa in GBP
– Precious metal has climbed $736/oz on Oct 9th 2007 to $1278.75 ten-years later
– S&P 500’s 102% climb is thanks to asset-pumping policies by central banks, rather than value
– Gold’s performance is slowly forcing mainstream to re-consider gold
– “Notion of gold as a hedge against serious risk aversion is true… ” – Bloomberg analyst
Friday, October 20, 2017
Chinese Economy and Gold / Commodities / Gold and Silver 2017
By: Arkadiusz_Sieron
In the 2015 October edition of the Market Overview, we analyzed the impact of the Chinese slowdown, as well as the stock market crash and the devaluation of yuan, on the gold market. Two years later, it is worth providing investors with an update about the second biggest economy in the world, especially since the 19th National Congress of the Communist Party of China will be held in October.
Thursday, October 19, 2017
How Gold Bullion Protects From Conflict And War / Commodities / Gold and Silver 2017
By: GoldCore
– Gold and silver’s historical role in conflict shaped the world today and the modern financial system
– Gold played an important function in the great conflicts up to and throughout the 20th century
– Gold and the effective use of bullion played a crucial role in the outcome of the American Civil War
– Gold was an important economic agent in both World Wars, conferring a huge advantage on the allies
– In a world beset with risks of war both in the Middle East and with North Korea, Russia and China … gold will protect
Wednesday, October 18, 2017
Gold Is In A Dangerous Spot / Commodities / Gold and Silver 2017
By: Avi_Gilburt
Of late, I have seen many articles postulating what moves gold up or down. We have heard all the old reasons being put forth from GDP, to a hedge against market volatility to interest rates, to the US Dollar, and many more. Unfortunately, market history simply does not support these reasons as a consistent driver of gold, as I have detailed in many past articles:
Sentiment Speaks: Time To Buy Gold To Prepare For A Stock Market Crash?
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Wednesday, October 18, 2017
Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures / Commodities / Gold and Silver 2017
By: GoldCore
– Brexit UK vulnerable as gold bar exports distort UK trade figures
– Britain’s gold exports worth more than any other physical export
– Gold accounted for more than one in ten pounds of UK exports in July 2017
– UK’s stock of wealth has collapsed from a surplus of £469bn to a net deficit of £22bn – ONS error
– Brexiteers argue majority of trade is outside EU, this is due to large London gold exports
– Single gold bar (London Good Delivery) is, at today’s prices, worth just over £400,000
– “There are few things you’ll ever touch which pack so much weight into such a small size”
– UK’s economic vulnerability means safe haven gold essential protection
Wednesday, October 18, 2017
Palladium and Rhodium Are on Fire, Is Platinum Next? / Commodities / Platinum
By: MoneyMetals
By Clint Siegner : Platinum was once the most precious of metals. For decades, it traded at a premium to gold. The other platinum group metals – palladium and rhodium – barely registered on investors’ radar screens.Platinum lost its crown to gold in 2015. It was overtaken by the other Platinum Group metals (PGM) metals in recent weeks.
Tuesday, October 17, 2017
Comfortably Numb: Surviving the Assault on Silver / Commodities / Gold and Silver 2017
By: The_Gold_Report
Precious metals expert Michael Ballanger discusses the current state of the precious metals markets. In the late 1960s and most of the 1970s, an English rock band named Pink Floyd dominated the world of progressive and psychedelic music with such memorable albums as "Dark Side of the Moon," "Wish You Were Here," and "The Wall." One of their greatest hits was a song entitled "Comfortably Numb" and as I was listening to it the other night, the refrain in the middle of the song—"Gotta keep it going through the show; c'mon it's time to go"—reminded me of the current state of the precious metals markets in the sense that the bullion bank criminals really are doing their utmost to "keep it (the price caps and interventions) going through the show". That silver investors have been rendered "comfortably numb" by way of serial price assaults is a testimonial to the sentiment out there for silver equities, coins, and the like. In case you hadn't noticed, sentiment for gold and particularly silver is outright putrid.
Monday, October 16, 2017
Precious Metals Sector is on Major Buy Signal / Commodities / Gold and Silver 2017
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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Sunday, October 15, 2017
The Bullish Chartology for Gold / Commodities / Gold and Silver 2017
By: Rambus_Chartology
Tonight I would like to update you on some of the longer term gold charts we’ve been following which are still hanging in there from the bullish perspective. Keep in mind these are long term charts so changes come slowly.
Lets start by looking at the long term weekly chart for gold which shows its 2011 bear market downtrend channel we’ve been following for a long time now. Back in July of this year the price action broke out above the top rail and just recently the top rail was backtested from above and we are getting a bounce exactly where we needed to see a bounce.
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Sunday, October 15, 2017
Gold And Silver – Think Prices Are Manipulated? Look In The Mirror! / Commodities / Gold and Silver 2017
By: Michael_Noonan
Almost everybody complains or laments how both gold and silver are being manipulated, and they are, going back at least to the 1920’s and 1930’s and not just recently. Curiously, very few are even aware, let alone consciously complaining, about how manipulated their lives and those of everyone around them have been and continues to be.
It has been a few months since our last commentary. We used to present one each week, but over the last several months, it makes less and less sense to provide one. The lies by all governments and the media are too many and too constant, and too many people remain cluelessly content in their chosen ignorance to resist and force changes.
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Saturday, October 14, 2017
Q4 Pivot View for Stocks and Gold / Commodities / Gold and Silver 2017
By: Gary_Tanashian
Reference a post from August 11: Potential Pivots Upcoming for Stocks and Gold Stock Market Status
In the above-linked article we noted several legs that could be kicked out from under the S&P 500’s table in Q4 2017. The stock market blew right through one of them, which was a bearish (on average) seasonal trend for the 2nd half of September. No one indicator is a be all, end all. In sum, they define probabilities. But price is the ultimate arbiter and as of today, price says ‘still bullish’ (says Captain Obvious).
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Saturday, October 14, 2017
Gold Mining Stocks Q3’17 Preview / Commodities / Gold & Silver Stocks 2017
By: Zeal_LLC
With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results. No data is more highly anticipated by investors, for good reason. Quarterly reports dispel the dense fogs of herd sentiment that usually obscure gold stocks, revealing their operations’ underlying fundamental realities. Q3’17’s upcoming results are likely to prove quite bullish for this neglected sector.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends. The gold miners generally release their quarterly reports in the latter half of this span. So Q3’17’s will arrive between late October and mid-November.
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Saturday, October 14, 2017
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold / Commodities / Gold and Silver 2017
By: GoldCore
– US Mint gold coin sales and VIX at weakest in a decade
– Very low gold coin sales and VIX signal volatility coming
– Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week
– U.S. Mint sales do not provide the full picture of robust global gold demand
– Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe
– Middle East demand likely high given geopolitical risks
– Iran seeing increased gold demand and Iran’s gold coin price up by 5%
– Trump’s war mongering could see demand accelerate
– Germany seeing very robust demand and now world’s largest gold buyer
Saturday, October 14, 2017
Yuan and Gold / Commodities / Gold and Silver 2017
By: Arkadiusz_Sieron
In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world currencies, such as the U.S. dollar, the euro, or the Japanese yen. But what is the link between the Chinese yuan (officially: renminbi) and the yellow metal? Let’s check it out.
Friday, October 13, 2017
US Dollar Outlook and What it Means for Gold / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
The US Dollar Index (USDI) bottomed in September a hair below 91.00 and has recently rallied up to 94. We were skeptical Gold would break its 2016 highs as it failed to show strong performance in the wake of the USDI’s decline to new lows. The market was discounting a coming rebound in the USDI and/or future weakness in Gold. In any event, although the USDI broke key levels which leave its bull market in question, it became quite oversold and was due for a sustained rebound.
Friday, October 13, 2017
Golden Age for GOLD, Dark Age for the Stock Market / Commodities / Gold and Silver 2017
By: Enda_Glynn
I read that Christine Lagarde was out warning the world about the inherent risks in the global economy today.
It is all the more comical because she tempered her statement,
By saying that 2017 was on track to be the best year of the decade so far.
Well of course it is!
2007 was the best year of the decade before the last collapse happened.
1999 was a fantastic year before the dotcom bubble burst.
And I hear that 1928 was a stellar year, choc full of good news and great achievement!
Thursday, October 12, 2017
DJ Commodity Index is Supporting Higher GOLD / Commodities / Gold and Silver 2017
By: ElliottWave-Forecast
The Dow Jones Commodity Index is a broad measure of the commodity futures market that emphasizes diversification and liquidity through a equal-weighted approach. It doesn’t allow any sector to make up more than 33% of its portfolio or any single commodity to make up more than 15%.
Wednesday, October 11, 2017
Young Guns of Gold Podcast – ‘The Everything Bubble’ / Commodities / Gold and Silver 2017
By: GoldCore
– Young Guns of Gold Podcast – ‘The Everything Bubble’
– Precious Metal Roundtable discuss gold in 2017 and outlook
– Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets
– “People are expecting too much from gold”
– Economy: Inflation indicators, recession on the horizon, global debt issues
– Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold